Why is the median price of townhomes holding steady?
It's rather puzzling. Despite fewer (and fewer) townhome buyers, prices are holding relatively steady.... One of my clients hypothesized that perhaps prices are holding…
How Far Have Home Prices Retreated?
Thank goodness we experienced huge gains in home values between 2000 and 2006, because values have been steadily retreating since that time. Harrisonburg and Rockingham…
Home Sales Down, Prices Down, Is There A Silver Lining?
Despite many negative indicators in our local housing market, there may be hope for better news in the coming months. Click here to view a PDF of my most recent market…
Home Buyers Show Up in Force in February 2011
69 properties went under contract in Harrisonburg and Rockingham County last month (February 2011) --- showing a 53% increase over last February. Moving beyond this…
Sale of North 38 Apartment Complex Sets New Valuation of Student Housing in Harrisonburg
Did you know Facebook is now estimated by some to be valued at $65,000,000,000? Yes, that's $65 BILLION dollars. How do analysts come to that number? The valuation is…
Define Drastic....
SELLER: I am ready to do something drastic with the list price of my home. SCOTT: OK, it sounds like you are more motivated to sell now, and you want to be more…
Preston Lake Foreclosure Finalized: Land Transfers To Wells Fargo, Homeowners Association
An early rendering of the intended Preston Lake community center A variety of documents were filed at the Rockingham County Circuit Court on Wednesday, February 23, 2011…
Is Homeownership Important?
Buy A Home! It is the American Dream! But why, you might ask? Well, here's a bit of the historical political context for the American Dream, per the National Association…
Peer Pressure in Real Estate: If everyone else rejected this house, I probably should too, right?
Yet another reason to get the list price right from the beginning --- if you start your list price too high, and languish on the market, new prospective buyers looking a…
Harrisonburg and Rockingham County Population Grows 15.77% from 2000 to 2010. What does it mean for the housing market?
The housing market in Harrisonburg and Rockingham County was relatively normal in 2000 (as best as I understand -- since I started selling real estate in 2003). Given…
Sales Growth and Decline Vary Significantly By Area
Over the past year our local real estate market has been relatively stable (only a 1% decline in single family home sales) but it turns out that the changes in market…
Where have all the listings gone? Long time passing...
As referenced a few days ago, the inventory of listed homes in Harrisonburg and Rockingham County has dropped significantly (by 23%) over the past six months. But as Pete…