City of Harrisonburg Reassessment Shows Slight Decline in Home Values
The City of Harrisonburg just released updated assessment data for all City properties, which showed a 1% increase in overall property values. When diving down into…
Assessments of $300k+ Rockingham County Homes
Property assessments are used to determine the amount of taxes that each property owner will pay. Can these assessed values also be used to estimate the value of a home?…
How to sell and buy at the same time when you only want to sell if you find something you want to buy.
It is hard to do, but is still a reasonable approach. I am working with three couples right now who each want to move to a new home. One family wants more space in the…
People have been selling their homes for less than they are worth. Wait, really?
I heard someone make the comment below yesterday....and it struck me that it might be a bit of a contradiction.... "Appraisals are difficult these days because people…
What has kept home values (relatively) stable In Harrisonburg???
As I mentioned in my market report earlier this week, fewer and fewer buyers have been present in the market over the past six years (demand fell) but prices have not…
Despite Slow Sales, Home Values Remain Relatively Stable in Harrisonburg and Rockingham County
Read on for several highlights of the November 2010 Harrisonburg and Rockingham County Real Estate Market Report. Or click here to view the PDF. Despite early gains in…
If you are trying to sell your home, you might want to check out your competition.
I continue to find it quite amazing that one-third of the homes that sell these days do so within 90 days of when they come on the market. However, even with that…
Listing your house this fall or winter? Stop what you are doing. Go outside your house. Take lots of photos!
Photos are one of the most important marketing assets when selling your home. Blurry photos, dark photos, few photos don't do you much good in telling the story of why…
Just because a house is your best option, doesn't mean you should buy it!
There is a strange conundrum in the market right now --- how can inventory levels be so high, buy yet buyers aren't finding any homes they want to purchase? As you can…
The Split Foyer vs. The Ranch
We've had a turbulent real estate market over the past several years, and one of my clients was wondering if all property types had weathered the storm similarly. More…
How much housing supply exists in Harrisonburg and Rockingham County?
It really depends on how you measure housing supply. Here's the graph I include in my monthly market report.... This graph (above) shows the number of months of supply in…
A Falling Tide . . . Some Ships Sink Sooner
Yesterday I discussed that when the real estate market improves all homes will increase in value. Thus, holding out to sell your current home for a higher price won't do…