2009 Real Estate Round Up: City vs. County, SFH vs. TH


2009 Real Estate Round Up: City vs. County, SFH vs. TH
By Scott Rogers • January 13, 2010
Earlier this week I published my monthly market report on the Harrisonburg and Rockingham County real estate market. While my report does examine how single family homes performed compared to townhomes, it doesn't examine how City properties compared to County properties. Let's take a look at how each category performed in 2009, as compared to 2008. Interestingly, there was a much more significant drop off in the number of City properties (23% decline) as compared to County properties (6% decline). Yet, while fewer City properties sold, they seem to have (marginally) maintained their value better than those in the County. The median sales price of City properties declined by 3%, while those in the County declined by 5%. Above you will notice that townhomes outperformed single family homes in both measures I've calculated. There was a more significant drop off in single family homes (14%) as compared to townhomes (11%), and there was a more significant decline in single family home median sales prices (5%) than townhome median sales prices (3%). The conclusion here? City townhomes seem to be the general victor here, with County single family homes suffering the most. Interested in a different cut of the data? E-mail (scott@HarrisonburgHousingToday.com) or call me (540-578-0102) and I'll put it together for you! Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
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