Comparing My 2020 Housing Market Predictions To Reality
As shown above, I was terribly (!!!) inaccurate in predicting how many home sales would take place in Harrisonburg and Rockingham County in 2020. We saw a 1% increase in…
Home Sales Rise Around 12 Percent In 2020!
All home sales have not yet been reported but it is seems that we will see around a 12% increase in the pace of home sales in Harrisonburg and Rockingham County between…
Did Home Value Rise 20 Percent In Highland Park in 2020?
This post could also be called "The Dangers of Micro Market Analysis" as you'll discover... The graph above shows that the median sales price of homes in Highland Park…
Market Balance (Months of Supply) By Price Range
Most housing market analysts consider six months of inventory (active listings) to be an indicator of a balanced market (between buyers and sellers). We have been out of…
Do Detached Or Attached Homes Appreciate More Over Time?
Over the past five years, detached homes have increased slightly more in price (on average, per year) than attached homes (townhouses, duplexes, condos). Detached homes…
Median Sales Price In A Larger (Longer) Context
The median sales price has never been higher in Harrisonburg and Rockingham County! Thus far in 2020, the median sales price of all homes sold has been $244,000 as of the…
Annual Home Sales In A Larger (Longer) Context
The graph above shows how many home sales took place each year for the past 20 years. The only incomplete data point is 2020 which only includes January through November…
Harrisonburg Area Home Sales Up 10%, Prices Up 11% Thus Far In 2020
Happy Tuesday, friends! They say it might snow tomorrow. I'm currently seeing predictions of 6 to 9 inches. What is your best guess? We haven't had a sizable snowstorm in…
City and County Neighborhoods With The Highest Price Per Square Foot
I'll start with what is probably a predictable sorting of neighborhoods based on sales prices over the past three years... But now, a new sorting of the neighborhoods…
More Details On Preston Lake Apartments, Upscale Apartments Just Outside Harrisonburg
If you are in the market for a recently built, reasonably nice, non-student apartment in or near Harrisonburg, the only current option at scale (aside from much smaller…
142 Unit Multi-Family Development, Two41, Proposed At Intersection Of Blue Ridge Drive, Country Club Road
Bluestone Land, the development entity behind The Colonnade (in downtown Harrisonburg) and Preston Lake Apartments (currently under construction) is proposing to build…
600 Bed Student Housing Development In Rockingham County Sold For $39.8 Million
As detailed in the Daily News Record ("National Firm Buys Aspen Heights, Plans Rebrand") the 600 bed student housing development on Port Republic Road in Rockingham…