Condos Are Coming To Downtown Harrisonburg!
Urban Exchange, an exciting new mixed-use development, will be built with frontage on East Market Street and Mason Street --- within walking distance to downtown…
Assessed Values - What and Where . . .
The assessed value of a property is the value assigned to the property by the local assessor's office, for the purpose of determining how much you will pay in taxes…
Virginia Association of Realtors - November 2007 Sales Figures
On Friday, January 4, 2008 the Virginia Association of Realtors released November 2007 sales data (report, stats) for the various parts of Virginia, separated by local…
A Wider View On The Harrisonburg Real Estate Market
Some people don't like month-by-month analysis, as monthly figures in a market of our size can be deceiving. Every so often, I also look at quarterly figures to look for…
December 2007 - Slower Sales After Two Strong Months
As seen below, the Harrisonburg and Rockingham County real estate market experienced a change in direction this month. October and November of 2007 showed sales quite a…
Will We Have Too Much JMU Student Housing?
Last week the Daily News Record reported that 3,700 residential units are under construction, which seemed to be quite a bit of housing for JMU students. Below is a bit…
Local Housing Inventory Drops 4% Overnight
As we all flipped our calendars to the new year, 29 homes in Harrisonburg and Rockingham County came off the market. This reduced the inventory of homes for sale from 807…
Harrisonburg Homes - True List to Sell Ratios
A statistic that can be very helpful in understanding the state of the real estate market is the ratio between the list price and sale price of a home. For example, 216…
"New-Home Sales Plunge To 12-Year Low"
Such is the headline of a front page article in the December 29, 2007 issue of the Daily News Record, with excerpts such as . . . "The housing market plunged deeper into…
Harrisonburg Rental Market In December
Many tenants look for new rental property during the summer months --- whether because of a school transition, or otherwise. Thus, many speculate that it is, or would be…
Harrisonburg High-End Real Estate Market
Each month I run the same series of calculations to determine how supply and demand relate in several price ranges --- less than $200k, $200k - $350k, and $350k and up…
Still Looking For The Perfect Gift Idea??
Consider buying your loved one a house --- with a large supply of homes in our area's upper price range ($350k +), you will have plenty of selection, and may be able to…