Preston Lake Sales Update


Preston Lake Sales Update
By Scott Rogers • February 24, 2016
It has been a while since I posted a sales update on Preston Lake -- the area's largest (intended) mixed use community that was started just before the real estate boom, was foreclosed on, was purchased by a new developer, and now seems to be gaining some momentum. The pace of single family home sales jumped up quite a bit in 2015.... Sales of rowhouses - the original, large, upscale, ornate townhouses built by The Hine Group slowed (stopped) in 2015.... The new developer at Preston Lake launched several new townhouses concepts, which started selling in 2014.... Finally, a new "villa" product was launched in 2015 -- at the lowest price point (and size of home) yet.... Of note -- these sales (above) are all of the sales shown in the MLS. It is likely that there have been a few other sales direct from the builder/developer to buyer that are not reflected in the MLS. If you have questions about Preston Lake, check out their website, or email me (scott@HarrisonburgHousingToday.com). My dad lives at Preston Lake and I am over there quite a bit. 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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