Last year we wrote a blog post about the multi-family home market in our area, which highlighted key points regarding investment and rental income for the past year. Now we’d like to take a closer look at another part of our area’s real estate market — the farm. The Shenandoah...
Market Trends
Harrisonburg Area Real Estate Market Report: October 2010
We’re well into the final quarter of 2010 already, can you believe it?! Remember last month when we reported the dire numbers of September? Well, the October numbers are in, and it is not completely positive, but not completely negative either. It feels as though we’re balancing on a tight...
What Types of Homes Are People Buying in Harrisonburg and Rockingham County?
It is always interesting to see what the trends are in terms of what types of homes folks are buying in our area. I scoped out the average and median homes in Harrisonburg and Rockingham County, which gives you a pretty good idea of the types of homes people are...
Harrisonburg Area Real Estate Market Report: September 2010
Last time we reported on our area real estate statistics was in June, for the year-to-date May numbers. We are now fast-forwarding to September (you can read why here). The first chart below does show the August overall numbers, so we get a taste of what the market did a...
Harrisonburg Area Real Estate Market Report: May 2010
Last month, we saw sales volume increase by 60% from the same time last year. We were excited to see that surge in sales because it showed promise for our local market moving forward through recovery. This month didn’t fare as well, but sales volume only dropped by 5%, and...
Harrisonburg Area Real Estate Market Report: April 2010
Last month’s market report was a bit of a downer, and one that proved we need to watch some trends closely — sales volume and average price per square foot, specifically. April was the final month for first time home buyers (and “move-up” buyers) to take advantage of the tax...