In the good old days (2000-2005) many buyers of upper end homes in Harrisonburg and Rockingham County were people retiring in major metro areas and moving to the Shenandaoh Valley. It certainly helped that they were seeing amazing increases in the values of their homes, which made upper end homes in this area seem quite affordable!
Then, the DC market crashed, with prices dropping quickly --- which slowed down the influx of buyers into our market from DC, Northern Virginia, etc. But good news might be on the horizon.....
Per a
recent report from Clear Capital, the Washington metro area is one of only five markets that will see positive price trends in the second half of 2011. Those improvements in home values in the metro DC area may result in more upper end buyers in our local market!
Recent Articles:
