Harrisonblog

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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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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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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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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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 buying around [...]

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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 bit over the summer, but [...]

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You may have heard that the fall months aren’t great for home buying. In reality, though, fall is a great time to buy! Here’s a few reasons why:

Properties are still being put on the market in hopes of a sale, and many times, a quick sale.
Sellers may be more likely to negotiate on price because [...]

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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 credit, so we expected to [...]

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Last November, we reported on median sales prices by town in Harrisonburg and Rockingham County. That is helpful for buyers who are deciding where to live in the local community, and sellers who might want a quick snap shot of the value of their home in the particular town in which they currently reside.
There are [...]

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