Sales Growth and Decline Vary Significantly By Area


Sales Growth and Decline Vary Significantly By Area
By Scott Rogers • February 18, 2011
Over the past year our local real estate market has been relatively stable (only a 1% decline in single family home sales) but it turns out that the changes in market activity have varied quite significantly by location. As you can see above, despite overall stability several areas saw continued decline in sales: 20% decline in sales in the NE quadrant of Rockingham County 22% decline in sales in the SE quadrant of Rockingham County But sales boomed in some areas (compared to last year): 26% increase in sales in Massanutten Resort It is also interesting to note differences in the most frequently occurring price ranges in each of these six areas of our local market: the NW quadrant of Rockingham County seems to offer the most affordable options Massanutten Resort offers the most expensive options All in all, this is yet another testament to the fact that all real estate is local. We can't look at overall sales figures for all of Harrisonburg and Rockingham County and draw any conclusions about the value of your house, or how quickly it might sell. It is almost always essential to dig down deeper to find more specific data with which to make educated real estate decisions. 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 21, 2024 (unless otherwise noted).
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