Exploring Home Value Trends in Harrisonburg and Rockingham County (again)
The questions continue: Are home values increasing or decreasing in our local real estate market? Are homes more or less affordable now as opposed to a year ago? Will…
Actionable Statistics
In a meeting last week with a potential client, I was asked a great question amidst showing off some of my recent market report: "You have very pretty charts and graphs…
All Condos at Urban Exchange To Be Leased, Not Sold
Construction is moving along steadily at Urban Exchange in downtown Harrisonburg. This exciting new mixed-use community will include 194 condos, two levels of structured…
Why haven't home values fallen in Harrisonburg and Rockingham County?
I am asked this question quite frequently, often from buyers who are relocating to the Shenandoah Valley from other areas of the state or country. Since 2006…
I am impressed by my clients!
Without a doubt, we're in a very challenging real estate market right now --- we've seen fewer and fewer home sales over the past several years. Thankfully, we haven't…
Web Traffic Continues to Grow: Could This Be THE Month?
We've experienced several years of significant declines in sales activity in Harrisonburg and Rockingham County. There were 14% fewer home sales in 2006 as compared to…
Real Estate Market Tidbits (good & bad)
As a brief variation from my typical long and detailed analysis, here are two quick market observations... BAD: Only 11 residential properties sold in the entire month of…
April 2009 Harrisonburg & Rockingham County Real Estate Market Report
Read on for a full review of the state of the Harrisonburg and Rockingham County residential real estate market. Or....download the full report: April 2009 Harrisonburg &…
I'm telling you, homes are significantly over valued in Harrisonburg and Rockingham County!
Some of you think this, don't you? For the past month I have been discussing this topic (via e-mail) with a statistician at JMU, and it has been a very helpful dialogue…
How to determine the value of your home
When preparing to sell your house, bear in mind that the value of your house is not (necessarily): what you paid for it plus X% appreciation per year what you paid for it…
Why do I use floor plans to market a house for sale?
As I've mentioned before, sometimes I wonder whether flyers are good or evil. Having concluded, at least for the time being, that they are good --- I do take some extra…
Lot sales are still "in the gutter"
As I expressed some time ago, my hope for the 2009 Harrisonburg and Rockingham County real estate market is that we would see the end of the ever-decreasing number of…