Harrisonblog

This is an ever popular question among home sellers. How long will a home sit on the market these days? Well, frankly, it depends… on the list price (how aggressive the seller wants to be), the location, the style, the upgrades, and a myriad of other characteristics. That said, we do have charts and statistics [...]

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Elkton, Virginia, is located about 20 minutes east of Harrisonburg on Route 33. Elkton, population of about 2600, is home to MillerCoors, Merck, and a brand new high school. It is situated along the south fork of the Shenandoah River, and celebrated its 100th anniversary in 2008, so Elkton boasts quite a bit of history. [...]

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Broadway — population of roughly 3,500 — is located about 15 minutes north of Harrisonburg on Route 42, which, like Bridgewater, turns into Main Street. There are locally owned shops and businesses along Main Street and a whole plethora of housing options available. Some of the most notable subdivisions in the Broadway area are Legion [...]

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Last time we reported on the 12-month rolling averages for Average Sales Price and Median Sales Price, things were looking a bit bleak. The line graph looked more like a slide than a chart, starting high on the left and going low on the right. Lets take a look at this graph now, with the [...]

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2010 has been an interesting year in the real estate market — housing affordability has been questioned, the first time home buyer tax credit expired, and the future of the market could go in many directions. Residential sales so far in 2010 have been down compared to 2009 (by 7.61% as of the end of [...]

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Dayton is a small town (population 1,196 according to the 2010 Census) located between Bridgewater and Harrisonburg on Route 42. If you ever want to live “where everyone knows your name,” Dayton is it… in a good way! Local folks head to Dayton for many things: the Dayton Farmers Market, Silver Lake Mill, Thomas House [...]

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Bridgewater is a great place to live (I know… I’m a resident!). It is located 5 miles south of Harrisonburg, with Route 42 turning into Main Street through this quaint and friendly little town. The population is about 5,000, and boasts such entities as Dynamic Aviation, Shickel Corporation, Marshall’s, Purdue, and Bridgewater College. Many homes [...]

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The results are in! We are almost through the year 2010, so the year-to-date numbers [below] are really telling us a story of how the year has progressed versus last year. Last month (October’s Market Report), we reported that sales were down over 20% from September, and down over 4% from last year. Take a [...]

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In Part One of this post, we discussed the affordability of housing in the City of Harrisonburg. Now in Part Two, we’ll take a closer look at housing affordability in Rockingham County. Is it affordable to live in Rockingham County? How has it been trending? Is it more affordable now than it was a few [...]

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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 rope and continue to hold [...]

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