City SFH Assessments Down 1%, Sales Prices Up 3%


City SFH Assessments Down 1%, Sales Prices Up 3%
By Scott Rogers • November 27, 2013
As reported in today's Daily News Record, assessed values in the City of Harrisonburg stayed relatively stable over the past year. As shown above, the average assessed value of single family homes decreased 1% over the past year from $235,000 to $231,900. In the same time period, average sales prices increased by 3%. A few clarifying notes.... The average assessed values are typically higher than average sales prices because the average assessed value includes all single family homes in the City, and the average sales price only includes those that have actually sold. The reporting time frame for the two metrics shown on the graph above are a bit different based on the timing of the assessments, but you can still draw some general conclusions about trends. Read more about the latest update to City of Harrisonburg assessed values in the DNR article or read more about market values at HarrisonburgHousingMarket.com. 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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