Prices Are Skyrocketing At Camden Townes


Prices Are Skyrocketing At Camden Townes
By Scott Rogers • April 5, 2021
Camden Townes is a rental community on Port Republic Road within walking distance to the JMU campus. This community has historically been a student housing community and my understanding is that it is still primarily, but not entirely, students living in these properties. As shown above, the values at Camden Townes have been skyrocketing over the past several years. A few benchmarks... 2001 = median sales price of $54,400 2008 = median sales price of $145,000 (new high) 2010 = median sales price of $65,000 (55% drop in 2 years) 2020 = median sales price of $149,900 (130% rise over 10 years) 2021 = median sales price of $163,000 (high of $172K) I suspect many factors likely affect the values in this mostly-student housing community... the overall economy and housing market rental rates in the community vacancy rates in the community when new competing student housing communities are built As to what values will be in Camden Townes in 2022 or 2023 or 2024 -- it's hard to say based on the turbulent past of values in this community. I suppose a counter-narrative to the "who knows" perspective would be that values have mostly always gone up except during the 2006-2010 housing boom and bust? 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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