Walk Through 655 White Oak Circle
Take a few minutes to walk through this updated duplex on a cul-de-sac, located in a private, wooded, highly convenient location in close proximity to Sentara RMH Medical…
How to buy a foreclosure in Harrisonburg
As shown above, we are starting to see fewer foreclosures in Harrisonburg and Rockingham County. With some regularity, I am asked by potential purchasers how they would…
How do Assessed Values compare to Market Values?
How do Assessed Values compare to Market Values? Wonder no longer! You can now find out via HarrisonburgAssessments.com. You'll want to visit this new site for full…
Mortgage Interest Rates Get Lower, and Lower, and Lower
Here's my monthly updates on long-term mortgage interest rates and they (AGAIN!) have dropped over the past month. The average rate is now 3.66%. It is a great time to…
Sales of Building Lots Finally (Slowly) Improving
After a huge spike in sales (408 lot sales in 2004) and in median prices ($99,900 in 2006), the sales of building lots cooled quite a bit between 2004 and 2009. The last…
We are again starting the year with a six month supply of homes for sale, a sign of a balanced market
For the second year in a row we are starting out in January with a six month supply of homes for sale, which is traditionally seen as a sign of a balanced housing market…
24% Increase in Showings (July through December)
Showings were up again in December 2014 -- showing a 20% increase over December 2013. And looking at the second half of 2014, there was a 24% year-over-year increase over…
Predictions for the 2015 Real Estate Market in Harrisonburg, Rockingham County
Here are my official predictions for the 2015 Harrisonburg and Rockingham County real estate market.... 4% Increase in the Pace of Home Sale (to 1,083 sales) 3% Increase…
Despite overall market improvement, single family home prices shift slightly downward
Despite increases in the number of single family homes selling per year over the past four years (yellow bars above), the median price of single family home sales (blue…
Final 2014 Report Shows 3% More Homes Sold at 2% Higher Prices
I just published my monthly report on the Harrisonburg and Rockingham County real estate market. Jump to the full online market report, or download the PDF, or read on…
Is it worthwhile to have your home on the market over the holidays?
29 sellers in Harrisonburg and Rockingham County would say YES! Many homeowners took their house off the market over the holidays, some of whom will wait until Spring to…
What did buyers write contracts on in December 2014?
Quite a few buyers committed to buy properties last month. The graphics below show what those buyers chose to buy. And here are the lucky sellers whose homes are…