Progression in Calculation St James RC Primary School 31 st January 2013
H and rc only market report - january 2013
-
Upload
klinemayrealty -
Category
Documents
-
view
122 -
download
0
description
Transcript of H and rc only market report - january 2013
Presented By:
February 12, 2012
Market Report January, 2013
Market Update – 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 been pent up for the past several years due to economic conditions. Leading indicators tell us there is a wave of buyers becoming very active in their search for homes. Our company website, www.KlineMay.com , has tallied more pageviews over the past four weeks than during any four weeks in our history, averaging over 50,000 per week. This kind of activity bodes very well for the 2013 market! It is our belief the increased demand from buyers, combined with the low inventory of homes for sale will begin to cause home prices to rise in 2013, although they have not turned upwards yet. The three and one year trends in sold prices as of the end of January are: Three year change One year change Average Price Median Price Average Price Median Price -10.10% -6.99% -1.31% -1.09% Local market conditions look better now than they have in the past several years, and low interest rates are keeping homes very affordable. Will 2013 be the year normalcy returns to our market? We think the answer will be a resounding “yes’!
Karl WaizeckerBroker, Kline May Realty
Residential Units Sold by Area, Year to Date
Source: Harrisonburg - Rockingham Association of REALTORS Multiple Listing Service, 2/12/2013
Average Sales Price by Area, Year to Date
Source: Harrisonburg - Rockingham Association of REALTORS Multiple Listing Service, 2/12/2013
Months Supply of Inventory by Area
Source: Harrisonburg - Rockingham Association of REALTORS Multiple Listing Service, 2/12/2013
Jan.Fe
b.
March April
May
JuneJuly
Aug.Se
pt.Oct. Nov.
Dec.0
20
40
60
80
100
120
140
47
2009
2010
2011
2012
2013
Harrisonburg & Rockingham Residential Sales per Month
2008 – 2013
Source: Harrisonburg - Rockingham Association of REALTORS Multiple Listing Service, 2/12/2013
Residential Properties Placed Under Contract, by Month
Harrisonburg & Rockingham County2010 – 2013
Jan. 2010
March M
ayJu
lySept.
Nov.
Jan. 2011
March M
ayJu
lySept.
Nov.
Jan. 2012
March M
ayJu
lySept.
Nov.
Jan. 2013
0
20
40
60
80
100
120
58
43
83
109
66
41
66
55
63
43
53
34
48
58
65
91
73
93
70
78
51
78
66
46
53
70
80
92
86
96
90
10097
90
58
69
76
Source: Harrisonburg - Rockingham Association of REALTORS Multiple Listing Service, 2/12/2013
Jan. 2010
March M
ayJuly
Sept.
Nov.
Jan. 2011
March M
ayJuly
Sept.
Nov.
Jan. 2012
March M
ayJuly
Sept.
Nov.
Jan. 2013
600
650
700
750
800
850
900
950
Harrisonburg & Rockingham County Residential Sales
Past 12 Months Sales, by Month2010 – 2013
Source: Harrisonburg - Rockingham Association of REALTORS Multiple Listing Service, 2/12/2013
Change in Residential Units Sold Compared to the Prior YearHarrisonburg & Rockingham County as of January 31
2008 - 2013
2007 2008 2009 2010 2011 2012-25
-20
-15
-10
-5
0
5
10
-24
-14
7
-5
-1
8
Source: Harrisonburg - Rockingham Association of REALTORS Multiple Listing Service, 2/12/2013
Jan. '10
March
'10
May '
10
July '10
September '
10
November '
10
Jan. '11
March
'11
May '
11
July '11
September '
11
November '
11
Jan. '12
March
'12
May '
12
July '12
September '
12
November '
12$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
$210,000
$220,000
$230,000
$240,000
$250,000Average Sold Price
Median Sold Price
Jan. Median$159,500
Jan. Average $171,597
Harrisonburg & Rockingham County Monthly Average & Median Sold Price
2010 – 2013
Source: Harrisonburg - Rockingham Association of REALTORS Multiple Listing Service, 2/12/2013
12 Month Median
$173,000
12 Month Average
$192,383
Jan. '10
March
'10
May '
10
July '10
September '
10
November '
10
Jan. '11
March
'11
May '
11
July '11
September '
11
November '
11
Jan. '12
March
'12
May '
12
July '12
September '
12
November '
12
Jan. '13
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
$210,000
$220,000 Average Sold PriceMedian Sold Price
Harrisonburg & Rockingham County Average & Median Sold Price
Rolling 12 Month Average2010 – 2013
Average Price -10.10% over 3 yrs
-1.31% over 1 yr
Median Price -6.99% over 3 yrs 1.09% over 1 yr
Source: Harrisonburg - Rockingham Association of REALTORS Multiple Listing Service, 2/12/2013
Single Family95
Townhomes95
Combined190
January
, 2010
Febru
aryMarc
hApril
MayJune
July
August
Septem
ber
October
November
December
January
, 2011
Febru
aryMarc
hApril
MayJune
July
August
Septem
ber
October
November
December
January
, 2012
Febru
aryMarc
hApril
MayJune
July
August
Septem
ber
October
November
December
January
, 2013
-
50
100
150
200
250
300
350
400 Residen-tialTownhomesCom-bined
Harrisonburg Single Family & Townhome Listing Inventory
2010 – 2013
Source: Harrisonburg - Rockingham Association of REALTORS Multiple Listing Service, 2/12/2013
Townhomes52
Single Family313
Combined365
January
, 2010
March
May July
Septem
ber
November
January
, 2011
March
May July
Septem
ber
November
January
, 2012
March
May July
Septem
ber
November
January
, 2013
-
100
200
300
400
500
600
700 Residential
Townhomes
Combined
Rockingham County Single Family & Townhome Listing Inventory
2010 – 2013
Source: Harrisonburg - Rockingham Association of REALTORS Multiple Listing Service, 2/12/2013
Jan. '10
March
'10
May '
10
July '10
September '
10
November '
10
Jan. '11
March
'11
May '
11
July '11
September '
11
November '
11
Jan. '12
March
'12
May '
12
July '12
September '
12
November '
12
Jan. '13
165
170
175
180
185
190
195
200
205
210
215
220
DOM 12 Month Average
216 Days
Harrisonburg & Rockingham County Average Days on Market
Rolling 12 Month Average2010 – 2013
Days on Market+15.51% over 3 yrs+2.37% over 1 yr
Source: Harrisonburg - Rockingham Association of REALTORS Multiple Listing Service, 2/12/2013
Check our blog to see monthly Market Reports at:
Blog.KlineMay.com