Do townhouse values generally increase over time?


Do townhouse values generally increase over time?
By Scott Rogers • May 6, 2016
I had an interesting conversation with a potential real estate investor earlier this week -- he asked whether townhouses generally increase in value over time. We decided to take a look at the data, which is shown above, and the conclusions are not necessarily clear. Values increased very quickly between 2003 and 2006. Values increased a bit more slowly between 2006 and 2008. Values declined between 2008 and 2012. Values have increased since 2012. So, in the past 15 years, there have been some intense increases, some depressing decreases, and some recent recovery. The yellow line is the general trendline over time, which shows that overall, values have trended positively over the past 15 years. So, do townhouse values generally increase over time? Let's go with 'yes' for now -- but continue to monitor as we hopefully have a more normal next three to five years in our local real estate market. Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? 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
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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