In a conversation a week or so ago with a potential client, we were discussing in generalities the "high-end" home market in Harrisonburg and Rockingham County.  I say we were discussing it in generalities because we both had some basic understandings of and assumptions about this upper segment of our local housing market, but our conversations weren't based on facts and numbers --- which is my preference. 

To examine these luxury homes, I started by examining sales over the past 5-ish years (since 2005) of homes that sold above $500,000.
It quickly became evident that most home sales were in the $500k - $750k range, but the price range of interest was actually homes above $800k.  Let's look a bit closer...
As you can see (click the "Scribd" icon in the upper left corner of the graph to see it more clearly), there aren't too many home sales above $800,000 in Harrisonburg and Rockingham County.  Other than the record of eight sales in 2007, there are usually only 1 or 2 sales in this price range per year.

Let's look a bit closer at the 14 home sales above $800,000 since 2005 to see what it is that can draw such a high sales price....
As is seen above, most homes selling over $800,000 were built in the last ten years, though there was one that was older than 75 years (built in 1858).  Next, let's look at the land that came with these homes....
As seen above, most of these upper end homes were sold with less than 10 acres, with five  of them being on subdivision-like lots (less than 2 acres), and two being on tracts of land greater than 25 acres.  Finally, let's examine how long it takes for these homes to sell....
While there were some homes that sold in less than six months, the majority took 6 months, 12 months, or even longer to sell.

Curious about more details of these 14 home sales above $800,000 in Harrisonburg & Rockingham County over the past five years?  Feel free to review or download the document below.

Finally, below you will find the nine homes priced above $800,000 that are currently on the market for sale.  You'll note that there are not any homes priced between $800k and $900k.  In fact, most are priced above $1 million dollars!


Let me know if you have any questions, about this upper end of the market, or otherwise.

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Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com