Will Foreclosures Dominate 2011 Home Sales in Harrisonburg and Rockingham County?
The Associate Press (AP) story below ran a few weeks ago in the Daily News Record. AP stories often don't reflect market realities here in Harrisonburg and Rockingham…
Lot Sales in Harrisonburg and Rockingham County
Let's take a bit of a closer look at lot sale in Harrisonburg and Rockingham County --- first, with a more visual look at the 2010 sales figures I reported a few days…
Preston Lake Headed To Foreclosure?
Per a Trustee Sale advertised in today's Daily News Record (view ad), the bulk of the Preston Lake subdivision may be headed to foreclosure. This doesn't necessarily mean…
Building Lots Are Selling Slowly, So Where Are They Selling?
The pace of lot sales (of less than an acre) has declined significantly in Harrisonburg and Rockingham County over the past several years, from a high of 408 lot sales in…
If the price is right, the buyers will appear!
In a somewhat turbulent real estate market, it is often difficult for a seller to determine an appropriate list price. Many sellers are certainly trying to find it…
If there are 10 months of housing supply available....
Follow this "months of supply" logic with me.... There were 18 detached home sales in the City of Harrisonburg under $180,000 in the second half of 2010. That’s 3 sales…
Founders Way Condos Proving Popular With Buyers
Full Disclosure: I represent the developer of Founders Way. Harrisonburg home buyers haven't had too many condo options to choose from in the recent past if they actually…
Real Estate Showdown: Harrisonburg vs. Charlottesville
In a group discussion this morning about the Harrisonburg real estate market, someone wondered allowed about how the Charlottesville real estate market compared to…
Harrisonburg Housing Market Steadies in 2010, Except Townhomes
I have just published my most recent real estate market report with lots of information about the Harrisonburg and Rockingham County real estate market to help you make…
758 Homes Sold Last Year --- But How Many Didn't Sell?
This can be a deceiving graph.... In many ways, this graph would suggest that all homes sell. Thus, if you list your home --- there is a 61% chance it will sell in the…
Hidden Opportunities in Real Estate
"There are deals to be had" one of my clients commented to me today as we were discussing the local market and a particular property that he was considering. I agreed…
Listing Inventory Drops 12% In Less Than A Month
As I type, active listing inventory in Harrisonburg and Rockingham County stands at 745 residential listings --- which I believe is the lowest level we've seen in the…