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Public Hearing for downtown Hotel and Conference Center |
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![]() A public hearing has been set for October 14th at 7pm at which time details for the proposed Hotel Conference Center will be presented to Harrisonburg City Council and the general public. WHEN: Tuesday, October 14 at 7:00pm WHERE: Harrisonburg City Council Chambers Further details (Oct 8 update) include....
Here's a brief history of this project....
high resolution versions of the renderings displayed above | |
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Home Sales Profile of Massanutten Resort |
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Looking to purchase a home in Massanutten Resort? Understand the market first! ![]() As shown above, there has been quite a bit more recovery of the Massanutten Resort market over the past five years than the overall housing market (Harrisonburg & Rockingham County). While City/County home sales may not hit 2013 levels this year, it appears that Massanutten Resort home sales will fly past last year's sales levels. ![]() Despite increases in sales volume over the past several years at Massanutten Resort, home prices have not been faring as well. There has been an increase in the overall City/County median sales price over the past year, but no so in Massanutten Resort. Interested in learning more about the Massanutten Resort housing market? Feel free to email me with questions, or explore homes currently for sale in Massanutten Resort. | |
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Reserve your tickets for Night At The Museum! |
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![]() Click here to buy tickets for this extraordinary gala event...just for grownups at the Explore More Discovery Museum. Featuring a "taste of downtown" with delicious food and drinks from the Downtown Dining Alliance! "Play" it Forward Raffle When you purchase event tickets, be sure to get your raffle tickets, too! Drawings will be held on Dec. 6 and you could win $1000, $500, $250 cash prizes. | |
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What did home buyers buy in September 2014? |
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I'm finding 102 properties in the MLS that went under contract in September 2014. Here is what those 102 buyers decided to buy last month.... ![]() | |
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Top 5 Articles in September 2014 |
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![]() Here are the articles from the past month that your peers enjoyed (or at least read) most....
Stay tuned for more fun in October 2014, and if you have ideas or hot tips, feel free to email me at scott@HarrisonburgHousingToday.com. | |
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Contracts Seeming Steady in September 2014 |
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![]() On this, the last day of September 2014, let's take a quick look at contracts this past month as a preview of things to come. As you can see, above, there will be at least 100 contracts in September 2014 --- which marks a slight increase over last September's 96 contracts -- and the previous September's 98 contracts. Stay tuned for my full market report in early October. | |
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New Townhouses in the City of Harrisonburg |
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![]() There aren't many new townhouses going up in Harrisonburg -- but The Townes at Bluestone is one example of a new townhouse development that is proving to be very popular with buyers. These townhouses feature plenty of upscale features including:
The next set of townhouses with garages (Lots 98-101) is being released this week. A few price points to consider at The Townes include....
Find out more about The Townes at Bluestone.... | |
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Monitor progress on the new City Hall for Harrisonburg |
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![]() You can monitor progress on Harrisonburg's New City Hall (rendering above) online -- including viewing up to date construction photos. Click here to view the project updates. This project is scheduled to be complete in Fall 2015. An update as of September 16th follows....
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Jobs coming to Harrisonburg, Rockingham County |
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![]() The Harrisonburg and Rockingham County area should see plenty of new jobs over the next few years, according to a presentation by Brian Shull (Harrisonburg's Economic Development Director) and Dennis Burnett (Executive Director of the Shenandoah Valley Partnership). Read all about it in this Daily News Record article that was a follow up to Brian and Dennis' presentation to earlier this week. An excerpt follows.... The health care and social assistance sector is poised to add about 700 jobs through 2016, Brian Shull, the city's economic development director, told members of the Rotary Club of Harrisonburg at their Monday meeting. | |
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With 676 homes for sale, will I have 676 great properties to choose from? |
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![]() As shown above, many homes currently listed for sale have already been on the market for some time, picked over by all of the current buyers in the market. That said, it's possible that one of these homes is the PERFECT house for you, and that seller has been patiently waiting nine months for YOU, the perfect buyer for the house. As we start your home search, we'll first look through the homes currently for sale (realizing that they won't all be great and exciting options) and then we'll start to monitor new listings as they come on the market. | |
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The Seasonality of Home Sales . . . Selling in the Fall |
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![]() Even if you missed the hot Spring and Summer real estate markets, you will still have a good chance of selling this Fall. As shown above, there were still quite a few home sales in the Fall. And given the number of contracts that have been coming together over the past 60 days, it seems likely that this trend will continue in 2014. If you are planning to sell your home this Fall, let's try to go ahead and take some photos now to show green grass and full trees.... | |
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No Grocery Store? Yes, Conference Center? Ruff Ruff! |
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![]() PROPOSED GROCERY STORE ON HOLD Per today's Daily News Record, the grocery store proposed to be built on the corner of North Main Street and Mt Clinton Pike may not be built after all -- or at least, the rezoning request has been put on hold. Read more in today's Daily News Record. DOWNTOWN HOTEL & CONFERENCE CENTER DISCUSSED AGAIN Plans for a Hotel and Conference Center intended to be built for downtown Harrisonburg as a partnership between a private developer, JMU, and the City of Harrisonburg may be coming back to life. The matter will be discussed anew at Tuesday's City Council meeting. Here's the history of this topic, including an article from last Friday....
CITY DOG PARK OPENS Stop by Smithland Road to visit the new City Dog Park, or read all about it in last week's Daily News Record article. | |
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Where do JMU college students live in Harrisonburg? |
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![]() click here for a larger version of the map or here for a PDF Enjoy this updated map showing where JMU college students live, in a few categories of housing....
If you are interested in purchasing an investment property in Harrisonburg -- for college students, or not -- feel free to drop me an email (scott@HarrisonburgHousingToday.com) and we can discuss the best opportunities for you. | |
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Data Center on North Main Street Sold for $59MM |
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![]() A large data center on North Main Street in Harrisonburg has been sold for 59 million dollars. Read the Daily News Record article for some context for the sale. Here is a summary of the recent history of this property....
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Mortgage rates hold relatively steady just above 4 percent |
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![]() Average mortgage interest rates (for a 30 year fixed rate mortgage) are hovering around 4.1% -- the lowest we have seen this year. ![]() And looking back even further, we can be even more grateful for this low cost of mortgage money. | |
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Showings remain strong as we roll into Fall |
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![]() Showing activity remains strong in through August and September -- a promising leading indicator for market activity we may see later on this Fall. * September 2014 data is extrapolated from 9/1/2014 - 9/16/2014 data. | |
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Restaurant, Apartments, Wine Tasting Room (?) Coming to Downtown Harrisonburg |
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![]() Per the Harrisonburg Downtown Renaissance facebook page, the enormous hole in the ground at the corner of East Market Street and Mason Street (beside Urban Exchange, Rocktown Bicycles and an abandoned gas station) will soon be a much more exciting destination, including....
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Sometimes the best deals are those with recent price reductions |
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![]() Click on the image above, or visit RecentlyReducedInHarrisonburg.com to explore the homes that have most recently been reduced in price. Let me know if you have any questions about these properties, or if you would like help setting up Property Alerts to receive notifications of price reductions specific to your search criteria. | |
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Fewer Affordable Homes Available For Sale |
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![]() The biggest shift in homes available for sale has been in the lowest price range in our market, under $200K homes. There are now 30% fewer homes for sale in this price range as compared to three years ago. This shift in the lowest price range is the most significant shift as compared to the other three price ranges shown above. The only price range in which we are seeing increased inventory levels is in the $400K + price range. | |
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Despite the overall decline in sales, the market is not totally lackluster |
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![]() As shown above, despite a decline in the number of home sales in this area, and a tiny decline in median sales price, we may actually be seeing an increase in home values as explored through changes in price per square foot. Read the entire Daily News Record article about our local housing market for further commentary and perspective. Hot July Housing Market Cooled In August Daily News Record, September 9, 2014 | |
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Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
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