Another Strong(ish) Year of High End Home Sales


Another Strong(ish) Year of High End Home Sales
By Scott Rogers • September 20, 2016
We saw an amazing 29 home sales over $500K last year -- which was the highest seen anytime since 2008. This year we are on track to likely match that pace of high end sales, with 21 home sales over $500K in the first 9.5 months of the year. Again, last year showed an amazing number (19) of home sales over $600K - the highest since all the way back in 2007 -- but it does not seem that we will see that many home sales in 2016. With 10 home sales on the books thus far, we have exceed 2011-2014 levels, but it seems unlikely we'll get all the way up to 19 home sales this year. Finally, looking at the super-high-end home sales (over $700K) we are seeing a significant drop off from last year. Last year we saw a remarkable 11 home sales over $700K, which seems to be the highest number on record, ever. This year, however, we have only seen 3 home sales over $700K thus far. 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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