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…
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 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…
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…
It is really hard (impossible?) to compete with bank owned properties
Harrisonburg and Rockingham County have seen an increasing number of trustee sales (foreclosures) over the past few years.... click the image above for a larger version…
Deceived By Active Comps!
Pricing a home to sell in the current market can be a challenge. Oftentimes, there aren't enough recent comparable sales with which to come to a solid conclusion about…
City Homes Outperform County Homes
As I reported earlier this week, the single family home market in the City of Harrisonburg is improving, both in the number of homes sold, and the median price of those…
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…
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…
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…