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10 Things

1.  There’s no such thing as a national real estate market.
If you read the newspapers, you might get the idea that real estate markets are the same everywhere.  If conditions are bad in San Diego or Detroit or Washington, DC they must be bad everywhere, right? Wrong!  Real estate markets are local; when you’re looking to buy or sell in the Shenandoah Valley, pay attention to sales price trends, volume and inventory in the specific neighborhoods, rather than to misleading headlines about national sales trends.

2.  Local area home values are stable.
The median and average price of homes in the Harrisonburg & Rockingham County area has increased year after year, while other areas of the state and country have seen declines in value.  In fact, the average price of a single family home in Harrisonburg & Rockingham County has increased  28% since 2004.

3.  Housing demand in our local market is set to grow.
The quality of life in the Shenandoah Valley attracts many people looking to move their family, find a place for retirement, or relocating for job opportunities.  The local economy is greatly diverse and very attractive to business, education, and industry.  The population of Harrisonburg & Rockingham County is expected to grow at 1.5% per year over the next ten years.

Click Here To View All 10 Things To Know About Today's Local Real Estate Market


Featured Company Listings
224 Emerald Drive, Harrisonburg
224 Emerald Drive
Harrisonburg, VA

$209,900
696 Georgetown Rd, Mount Jackson
696 Georgetown Rd
Mount Jackson, VA

$279,000
4231 Wiltshire Street, Harrisonburg
4231 Wiltshire Street
Harrisonburg, VA

$349,900
3214 Shen Lake Drive, Harrisonburg
3214 Shen Lake Drive
Harrisonburg, VA

$359,000
1705 Cumberland Drive, Harrisonburg
1705 Cumberland Drive
Harrisonburg, VA

$439,000
62 Frye Avenue, Harrisonburg
62 Frye Avenue
Harrisonburg, VA

$249,900
1240 Frost Place, Harrisonburg
1240 Frost Place
Harrisonburg, VA

$186,100
2855 Barrington Drive, Harrisonburg
2855 Barrington Drive
Harrisonburg, VA

$449,900
212 Burkes Mill Road, Weyers Cave
212 Burkes Mill Road
Weyers Cave, VA

$799,999


Recent Blog Postings
Day One @ The Coldwell Banker Cafe April 5, 2008Day One @ The Coldwell Banker Cafe
#1 In The Residential Market For Eight Consecutive Years March 30, 2008#1 In The Residential Market For Eight Consecutive Years
Coldwell Banker Commercial Funkhouser Realtors Honored As #1 Office In Virginia March 30, 2008Coldwell Banker Commercial Funkhouser Realtors Honored As #1 Office In Virginia


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Most Recent Listings


Real Estate Snapshot
  Active Contract Avg. Price
Residential 1611 241 $294,447
Multifamily 29 4 $465,761
Land 871 28 $194,979
Farm 73 8 $1,199,319
Commercial 181 11 $656,080


Current Rates
  Rate APR
15-Year Fixed 5.375% 5.496%
20-Year Fixed 5.625% 5.712%
30-Year Fixed 5.790% 5.893%
3/1 Adjustable 5.250% 5.389%
5/1 Adjustable 5.310% 5.410%
7/1 Adjustable 5.625% 5.722%
10/1 Adjustable 5.750% 5.811%
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