Local Home Prices Still Rising Despite Slightly Fewer Home Sales
Happy Monday Morning! We're nearly halfway through the year now, and it has been a year like no other when it comes to our local real estate market and in so many other…
Gap In 2020 Home Buyer Activity Starting To Close?
Welcome to June! It seems that the pace of home buying activity might (??) be starting to pick back up again during June... At the end of May, the YTD pace of buyer…
Sometimes A Full Price Offer Just Is Not Enough!
It has happened to several of my clients lately -- we have made a full price offer with reasonable contingencies (home inspection, radon test, appraisal, financing) and…
Rockingham County Launches New GIS (Geographic Information System)
Rockingham County has launched a new GIS (Geographic Information System) and it's pretty fun. Check it out here... https://rockcova.interactivegis.com Below are a few…
Harrisonburg Area Home Sales Slow In May
A bit later this week I'll take a full look at our local housing market and publish my full market report. Before I get to that, though, I thought I'd take a quick peek…
How To Plan Your Move If You Are Both Buying and Selling A Home
Moving from one house to another is tough work! Even tougher (sometimes) is arranging the timing and logistics to work well for all parties. If you're selling a house in…
At Start of Phase Two the Pace of 2020 Contract Signing Is Still Slowing
Welcome to Phase 2 in Virginia, folks! :-) Here's a quick summary of what is changing... Social distancing of 6 feet continues Gatherings of up to 50 individuals…
High End Home Sales (Incredibly) Strong In 2019
High end home sales (over $600K per this analysis) have been quite strong over the past five years. To put it into context... 2010 - 2015 = average of (7) sales per year…
Comparing Monthly Property Tax Bills Between Harrisonburg and Rockingham County
It seems that the real estate tax rate will stay the same in Harrisonburg and Rockingham County for 2020-21... City of Harrisonburg = $0.86 per $100 of assessed value…
Are Some Newly Listed Properties Already Under Contract When Listed For Sale?
A question from a reader... "I have noticed several properties that sold within 3 to 10 days. The quick selling properties appeared attractive in the photos on their…
Are Home Sellers Accepting Offers Contingent On The Sale Of Homes Not Yet Under Contract?
Based on the analysis above, it would seem that sellers are not (in almost all cases) accepting home sale contingencies unless the home that must be sold is already under…
The Drop Off In Real Estate Activity Has Not Been Drastic
In talking to my dad yesterday, he reflected that it seemed like the drop off in real estate activity had not been drastic. I agreed. We have seen somewhat of a decline…