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harrisonburg homes: Harrisonburg Real Estate Market Report - March, 2013 - 04/15/13 02:36 PM
Click here to download Market Update charts for March 2013. March brought more encouraging news for the 2013 Harrisonburg / Rockingham County real estate market. Short and long term sales trend are heading in the right direction and the continued low inventory is bringing down average Days on Market and the supply of homes relative to the pace of sales. In March, 67 residential units sold in Harrisonburg and Rockingham County, according to the Harrisonburg Rockingham Association of REALTORS Multiple Listing Service (HRAR MLS), the highest March total since 2008. Similarly, the first quarter of 2013 saw more homes sold than (0 comments)
harrisonburg homes: Need something to do this Saturday? Check out the Harrisonburg Farmers Market! - 04/05/13 03:06 PM
Spring is here! Disregard the thermometer. It’s the calendar that makes a difference when it comes to the Harrisonburg Farmers Market. Though the spring-like 70-degree temperatures are a week away, extended hours at the market have already started. From April until Thanksgiving, the market is open from 7AM to 1PM on Tuesdays and Saturdays. Did you know that 2013 is the third year in a row that the Harrisonburg Farmers Market was voted by the Daily News-Record as the “Best Place to Be on a Saturday Morning?” Though I can’t quite call myself a “market regular” yet, I would have to (2 comments)
harrisonburg homes: Harrisonburg Real Estate Market Report - February, 2013 - 03/11/13 11:58 AM
Click here to download Market Update charts for February 2013.. February continued the very encouraging trend in our local real estate market. The Harrisonburg-Rockingham Association of Realtors Multiple Listing Service (HRAR MLS) reports significantly higher sales and contract numbers than have been seen at this time of year in the recent past. During February, 65 residential properties sold in Harrisonburg and Rockingham County, far above the prior four February’s average of 46. The year to date total as of February 28 is also the highest since 2007 at 112 units, compared to 78 in each of the past 2 years – (0 comments)
harrisonburg homes: Harrisonburg Real Estate Market Report - January, 2013 - 02/20/13 05:34 AM
Click here to download Market Update charts for January 2013.. The positive trends in the Harrisonburg and Rockingham County real estate market continued in January with strong sales, new contracts and buyer activity. The Harrisonburg-Rockingham Association of REALTORS reported 47 residential sales in Harrisonburg and Rockingham County in January, the highest January total since January, 2008. In addition, buyers placed contracts on 76 residential properties – the highest January total since January, 2007. This strong buyer activity in our market is a clear indicator of returning consumer confidence in real estate and the unleashing of the demand for homes which has (0 comments)
August’s slightly surprising 92 residential sales in Harrisonburg and Rockingham County, as reported by the Harrisonburg-Rockingham Association of Realtors Multiple Listing Service (HRAR MLS), continued this year’s strong sales trend with only two fewer sales than the strongest month of the year (July) and Year-To-Date, sales are up 9.39% over 2011. Further good news is the continued strong buyer activity and contracts in process indicate strong sales for at least the next couple of months, surpassing typical Fall sales figures. Finally, the 12-month sales trend continues to climb (0 comments)
With 94 residential sales in Harrisonburg and Rockingham County, as reported by the Harrisonburg-Rockingham Association of Realtors Multiple Listing Service (HRAR MLS), July, 2012 became the most productive month for local real estate since the tax-credit-deadline-fueled month of June, 2010. July also continued this year’s trend of steadily increasing monthly sales, marking 6 consecutive months. While this trend will likely end in August, our market is more active than it has been in several years and sales are up 8.13% over 2011. Home prices, while appearing to (1 comments)
Although January’s sales were not stellar, they were very comparable to Januaries past, as can be seen on the Closed Volume and Closed Transactions charts. January is typically one of the slowest months of the year due to the decreased buyer activity during the holiday season. The real news in real estate locally is the activity level seems to have gone through the roof! We will begin to see the results of this activity with late February settlements, but probably won’t really feel it until March and April. (0 comments)
Something happened in the local real estate market in 2011 that had not happened since 2005 - more homes sold than in the previous year. While the increase in activity is fairly small at 1.86%, the fact that there was an increase at all after 5 consecutive years of declining sales is very significant. Further, the year to which we are comparing 2011 sales (2010) was a year in which sales were artificially enhanced by the Homebuyer’s Tax Credit, making the seemingly small increase in 2011 look a bit more (0 comments)
November, 2011 was similar to October in many ways for our local real estate market. For the month, the Harrisonburg-Rockingham Association of Realtors Multiple Listing Service (HRAR MLS) reported 82 closed residential transactions, just slightly behind October’s 84 closings. Through the first 11 months of the year, total residential sales are 8 units ahead of the 2010 total at November 30. This is encouraging and gives us some hope that 2011 will be the first year since 2005 in which the HRAR MLS records more residential sales than in the previous (0 comments)
Despite a drop in sales during the month of October as compared to the summer and early fall months, the local real estate market is doing better than it was at this point in 2010, as recorded by the Harrisonburg-Rockingham Association of Realtors Multiple Listing Service. The total residential sales of 84 units was a significant drop from the 100+ unit monthly totals from June – September. However, these 84 units easily surpassed October, 2010’s anemic 68 units. As we said last month, the most significant chart in this report (0 comments)
Our local real estate market remained steady in August, with 112 residential units sold through the Harrisonburg-Rockingham Association of Realtors Multiple Listing Service (HRAR MLS), similar to June’s and July’s sales of 113 and 119 units respectively. In order to finish even with 2010’s “tax credit enhanced” sales totals we will need to average just under 94 units per month for the balance of the year. We believe there is a realistic chance this level of sales will be achieved, hopefully indicating our local market is recovering slowly but steadily. (0 comments)
harrisonburg homes: “Mr. For Sale By Owner” Hires an Agent to Sell his Home! - 09/02/11 08:04 AM
The Wall Street Journal recently reported that Colby Sambrotto, founder and former CEO of ForSaleByOwner.com and longtime proponent of owners selling their homes without the help of a local real estate agent, spent 6 months trying to sell his property himself before turning over the listing to a real estate broker with a 6% commission. Sambrotto learned firsthand the value of hiring a real estate broker to list his property and reach serious buyers working with buyer brokers. He received multiple offers and contracted to sell his home for more than his original asking price. The article and comments from Mr. (0 comments)
harrisonburg homes: Residential Real Estate Company Totals for 2010 in Harrisonburg, VA - 02/24/11 03:47 PM
Even though we are almost at the end of the second month in 2011, it's important to continue to analyze how the local real estate market in Harrisonburg and Rockingham County fared in 2010. One number that we keep an eye on is the amount of volume that individual real estate firms within the Harrisonburg Rockingham Association of Realtors (HRAR) account for on a monthly or yearly basis. Below is a list of the total amount of residential real estate volume and the respective company for the year ending December 31st, 2010:
This does not include Commercial Real (0 comments)
harrisonburg homes: Harrisonburg, VA real estate search in Google Maps? - 02/16/11 09:16 AM
In my February 1st, 2011 blog entry, I reported that Google Maps would no longer allow real estate searches. As recently as yesterday, February 15th, when I searched for "Harrisonburg, VA" within Google Maps I could still select "real estate" from the options list. No results were returned, however. The screnshot below shows what I was able to see yesterday. Click on the image to see a larger view.
This morning I was looking at Google maps again and the "real estate" option was completely gone when I searched for "Harrisonburg, VA". Click on the image below to see (0 comments)
harrisonburg homes: Harrisonburg Home Searches - Google Real Estate search no longer an option. - 02/01/11 10:13 AM
On January 26th, 2011, Google announced that they will discontinue their real estate search on Google Maps starting on February 10th, 2011. This will include all harrisonburg real estate and any searches for homes in the Harrisonburg or Rockingham County area. Google cited the reason for the cancellation to be because of "low usage" and "the proliferation of excellent property-search tools on real estate websites". With that in mind, we encourage you to check out the easiest to use website search in the Shenandoah Valley at Kline May Realty's home search website: http://www.klinemay.com/search/ The Kline May Realty website (0 comments)
harrisonburg homes: Harrisonburg Real Estate - Absorption Rate - 01/31/11 09:51 AM
Just what is "absorption rate"? Absorption rate tells us how quickly the market is "absorbing" the inventory of homes for sale. We calculate this by taking the number of homes for sale and dividing by the number of homes sold in the past 12 months. For example, if there are 50 homes for sale and 40 homes had sold in the past 12 months, our calculation would be: 50/40 = 1.25, telling us that at the current rate of sales it will take 1.25 years for the market to absorb the current inventory. For purposes of this report, we multiply (0 comments)
harrisonburg homes: VAR issues 2010 real estate report - 01/28/11 04:08 PM
The Virginia Association of Realtors (VAR) issued their Fourth Quarter 2010 residential real estate report on January 20th, 2011. The report points to the slow recovery of the Virginia real estate market, but shows that median home prices are moving in an upward direction. Annual real estate sales in 2010 for all of Virginia declined by about 10% from 2009 figures. The 2010 total number of Residential properties sold was 82,809 (down 9.8% from 2009). In comparison, the total number of residential real estate properties sold in the Harrisonburg Rockingham Association of Realtors was 1,130 (down 5.2% from 2009). (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.