Remember 2003? "With home values increasing so much, let's buy as big of a house as we can!"


Remember 2003? "With home values increasing so much, let's buy as big of a house as we can!"
By Scott Rogers • September 9, 2010
As home values escalated between 2003 and 2006 in Harrisonburg and Rockingham County, buyers bought larger and larger homes! The graph above shows the average size of single family homes sales per the Harrisonburg Rockingham Assocation of Realtors MLS. As can be seen, the average size of a single family home increased quite steadily between 2002 (1,698 square feet) through 2007 (2,162 square feet). That is a 27% increase in the average sized home! Over the past few years, however, the size of the average home has decreased, all back down to 1,971 square feet thus far in 2010. This is not a trend only taking place in the Shenandoah Valley. Read about it nationally at MSN: At annual builders' show, small is in. Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? 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
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 23, 2024 (unless otherwise noted).
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