Things may be picking up in the Bridgewater real estate market according to observers on the
Bridgewater Buzz --- not to mention that my
new listing in Bridgewater went under contract in less than a week (with two offers). With all that excitement, let's take a moment to look at the last two years of the Bridgewater real estate market.
A few broad generalizations that can be made include:
- When comparing 2007 and 2008, the real estate market slow down that was seen across the country affected Bridgewater a bit more than the county at large.
- While home values (according to median and average numbers) stayed steady between 2007 and 2008 in the County, they may have slipped slightly in the Bridgewater area. The average sales price is unchanged, but the median sales price is down 9%.
- Homes in Bridgewater continue to sell faster than in Harrisonburg and Rockingham County at large, even though it took a little longer to sell homes in 2008 as opposed to 2007.
A few other interesting facts about the the homes that are selling in Bridgewater, when examining sales from Jan 1 '08 to the present:
- Homes sold in Bridgewater were of an average age of 34.5 years, with 12 homes built since 2000, 12 homes built in the 80's or 90's, 15 homes built in the 60's or 70's, 6 homes built between 1900 and 1950, and 3 homes built in the 1800's!
- Homes sold in Bridgewater had an average square footage of 1932 square feet. Of these, 19 had less than 1500 square feet, 17 were have between 1500 and 2500 square feet, and 12 were larger than 2500 square feet.
- Homes sold in Bridgewater are built on average of a third acre. 12 homes are on less than a quarter acre, 9 homes are on a half acre are more.
If you are looking to buy a home in Bridgewater, you currently have 39 choices, though only 6 are less than $200k, and 8 are over $500k!
Click here to view these 39 homes The link expires in 14 days, so if it's past May 2, 2009 call (540-578-0102) or e-mail (
scott@cbfunkhouser.com) me for a new list of properties for sale in Bridgewater.
Recent Articles:
