Harrisonblog

The Virginia Association of Realtors® has, in our opinion, always done a very good job of providing us with exceptional real estate data and articles pertaining to issues that really matter. They just published their 2011 Home Sales Report, and it is chock full of really great information that we just had to pass along to you!

The report is actually filled with information about Virginia as a whole, but it also included some snapshots of different areas of the Commonwealth, like the Central Valley:

From 2010 to 2011, home sales in the Central Valley rose by 27.85% and median sales prices decreased by only 1.89%. Foreclosures fluctuated last year from quarter to quarter (Q1: 271; Q2: 308; Q3: 396; Q4: 255) but held its lowest level in the 4th quarter of 2011.

Now for some cool images and charts from the report, which show us data about Virginia as a whole:

[Click any image to view larger version]

Virginia (green) vs USA (teal) Unemployment Rates: 2008 - 2011

Positives and Negatives of Today's Housing Market

Trends in 30-year Mortgage Interest Rates: 2008 - 2011

Trends in 15-year Mortgage Interest Rates: 2008 - 2011

Finally, the image below shows us the highlights of living in the Central Valley, with a gorgeous photo included!

Regional Snapshot of the Central Shenandoah Valley

Virginia and its real estate market have held up fairly well compared to the rest of the country with relatively low unemployment rates, low interest rates, and affordable home prices. Further, the Central Valley had the biggest increase in the state in terms of home sales, and the second smallest decrease in median home sales prices!

Looking for more Market Trends? We’ve got them for you, right here on Harrisonblog!