Let's take a bit of a closer look at lot sale in Harrisonburg and Rockingham County --- first, with a more visual look at the 2010 sales figures I reported
a few days ago.
A few notes:
- Magnolia Ridge and Crossroads Farm led the way with the most frequent lot sales.
- Massanutten Resort and Stone Spring Manor were the most affordable lots.
- Crossroads Farm and Belmont Estates were the most expensive lots.
Where, though, are lots currently for sale if you were looking to buy a lot in or near Harrisonburg? (I excluded a few subdivisions further outside of Harrisonburg.)
A few notes:
- You have the most buying options in Crossroads Farm and Magnolia Ridge -- also (interestingly) where the most lot sales were in 2010.
- The most affordable lots are currently for sale in Holiday Hills and Sunset Heights.
- The most expensive lots are currently for sale in Crossroads Farm and The Springs at Osceola.
One more interesting (and not so exciting) look at the lot sales market....
- In 2010, there were 63 sales of lots of less than an acre in Harrisonburg and Rockingham County.
- There are currently 341 lots for sale of less than an acre in the same area.
- Thus, it would take 5.4 years to sell all of the lots that are currently for sale....if no other lots were listed in that time period.
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