Home Sales

By: Melissa Reynolds
By: Melissa Reynolds

Ten developments in Harrisonburg alone are under construction. And more are in the works.

"I think we just loved we were in a new house," Rebecca Jellem says.

Families like the Jellems aren't the only ones, townhouse sales are leading the way, up 25 percent nationally with 93 houses sold this year in Harrisonburg.

"That surprises me when somebody comes in with a new townhouse or a duplex subdivision I'm like-another one-wow-I had no idea we were going to be building out here," Alison Banks says.

The new complexes are stretching the city limits from here on north main out to 33 and 42.

"Townhomes have sort of replaced single family starter homes it's about the only way young people can afford a home," Butch Girdley says.

"We're out of product right now because we went so fast," Girdley says.

"I think the demand is driven both by a great place to live and low unemployment has a lot to do with it," Walt Trobaugh says.

Here's a look at the numbers; in May, nine single family homes were built for a total of 39 since January and just one developer is planning to sell 100 in the next three years.

"I think above and beyond the surprise in how fast they've been selling has been the price of the homes," Trobaugh says.

These homes are in the $400,000 range, and they're selling out, the developers say it's a sign of the times.

"I think as long as the economy stays the way it is, jobs are good town houses will continue to be a best seller," Girdley says.

The developers also say low interest rates account for the boom. If you're going to buy, now's the time.


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