A Quick Snapshot of Harrisonburg’s Real Estate Market

Posted by   Date  Category Market Trends 2 Comments

In previous jobs, I’ve been an analyst and worked a lot with databases and statistical research. In other words, I like numbers. So for all of our faithful readers who also like the numbers game, here is a short list of some interesting facts about our current real estate market. (Note: all of this data comes from the local MLS as of 6/23/09.)

CITY OF HARRISONBURG

  • 161: Active residential listings — single family homes
  • 175: Active residential listings — townhomes
  • 46: Under Contract residential listings
  • 179: Active residential listings priced < $200,000
  • 137: Active residential listings priced $200,000 =< $400,000
  • 20: Active residential listings priced > $400,000

ROCKINGHAM COUNTY (not including Massanutten)

  • 442: Active residential listings — single family homes
  • 96: Active residential listings — townhomes
  • 122: Under Contract residential listings
  • 187: Active residential listings priced < $200,000
  • 239: Active residential listings priced $200,000 =< $400,000
  • 112: Active residential listings priced > $400,000

The majority of homes in Harrisonburg are priced less than $200,000, while Rockingham County’s listings are in the $200,000 to $400,000 range. This is typical because homes in the county usually have a bit more land accompanying them. This data also tells us that the real estate market is not stagnant. We’re still moving along with lots of homes under contract!

Avatar

About Lisa Oates

Lisa is the creative mind behind The Harrisonburg Homes Team, providing streamlined content management, quality authorship, and graphic design for Harrisonblog. She's passionate about blogging, enjoying life, and a good cup of coffee.

2 thoughts on “A Quick Snapshot of Harrisonburg’s Real Estate Market”

  1. AvatarBrooke

    Interesting stuff! I’ve been happy to note things seeming to pick up from the beginning of the year.

    Reply ↓

  2. Pingback: Harrisonburg’s Real Estate Market is Moving in a Positive Direction

Leave a Reply

Your email address will not be published. Required fields are marked *

RECENT POSTS

POPULAR TAGS

art Bridgewater Buyers contracts days on market downtown harrisonburg Events first fridays food Fun harrisonburg harrisonburg downtown renaissance Harrisonburg Homes Team harrisonburg real estate harrisonburg restaurants home buyers home prices home sales home sales rise home sales rising home sellers home values Issues james madison university kline may realty market report market statistics Market Trends mortgage loans News People Places real estate Relocation rockingham county rockingham county real estate Sellers Sellers Market staging the design corner The Team things to do Tools web tools wilson downtown gallery

Property Search

The Harrisonburg Homes Team is proud to be a part of Kline May Realty, 83 South Main Street, Harrisonburg, VA 22801. Licensed in Virginia.
If you own your own home, you know that there is always a to-do list of home improvements, whether it is of small projects like cleaning the windows or painting baseboards, or of large projects like building a deck or remodeling your master bath. In any case, many homeowners are now rolling up their sleeves and doing projects at home by themselves. It saves a load of cash, allows the work to get finished on your terms, and gives you a sense of pride when its all said and done. Here are some tips to get you started:
  1. Read up on the particular project you would like to accomplish. If you’ve never refinished hardwood floors, you’ll want to research the ins and outs of that topic!
  2. Purchase (or borrow!) the right tools for the job. Using the right tools will make your job a whole lot easier, and if you borrow from a friend or neighbor, that person will likely give you some advice on how best to go about your project… and might even lend a hand!
  3. Go to a free workshop at Home Depot, Lowes, or the like. The folks that teach these mini-classes have the experience and expertise to get you started. And they are always available to answer questions along the way.
  4. Pick the brains of your friends and neighbors. Have they worked on a project like this? You’d be surprised how many people you know that have worked on their own home improvement projects.
  5. Take your time and do it right. Remember, a lot about owning a home and improving it is to make it desirable to those who will be looking to buy when you are looking to sell. Adding a bathroom might be a great idea, but if it is in a weird location in the home, it might deter future buyers. Just think, “Would I want to buy this home if I were buying again?”
  6. Get ideas from showrooms, friends’ homes, magazines or online photo galleries. It will get your creative juices flowing and you’ll likely be able to find some sort of inspiration for your project.
  7. Come up with a plan and a budget. It is really easy to have your project get away from you. Make sure you stay on task (no one likes an unfinished project!) and stick to your budget. While you are planning, you will want to see how much tools and supplies are going to cost you so you can come up with a reasonable budget — and to determine whether or not you can actually afford to finish the project!
  8. Finally, take before and after photos of your project. You can use these for motivation to move on to the next project, to show your friends what you’ve done (it doesn’t hurt to gloat sometimes, right?), and to show future buyers when you sell your home. It will show that you have added value to the property.
Have you worked on a DIY project? How did it turn out? What was it? Do you have any more tips for getting started… and finishing? Let us know!