The Kline May Real Estate Blog

Kline May Realty Blog

Thinking of Selling? Now May Be The Time!



Hello, Aimee here, blogging on behalf of Kline May Realty and our family of agents. It is common knowledge that a large number of homes sell during the spring buying season. For that reason, many homeowners hold off putting their home on the market until then. The question is whether or not that will be a good strategy this year. It may be worth it to beat the spring rush in the Harrisonburg-Rockingham real estate market and Staunton-Augusta-Waynesboro real estate market and list your home NOW!

The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring compared to the rest of the year? The National Association of Realtors (NAR) recently revealed which months and days of the year most people list their home. Here is a graphic showing the results:

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Attaining the American Dream: 5 Financial Reasons to Buy



Heading into 2015 many people have their sights set on buying a home. The personal reasons differ for each buyer, with many basic similarities. Eric Belsky, the Managing Director of the Joint Center of Housing Studies at Harvard University expanded on the top 5 financial benefits of homeownership his paper - The Dream Lives On: the Future of Homeownership in America.

Here are the five reasons, each followed by an excerpt from the study:

1.) Housing is typically the one leveraged investment available.

"Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyers putting 10 percent or less down, their leverage factor is 10 or more."

2.) You're paying for housing whether you own or rent.

"Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord."

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Harrisonburg Real Estate Market Report - December, 2014

Click here to download Market Update charts for December 2014.

It appears 2014 will be known as the year balance returned to the Harrisonburg and Rockingham County real estate market. Frequent readers of this report know we have been talking for the past few years about the return to a balanced market, where Buyer and Seller activity is in sync and inventory is healthy. As we look at the final numbers for 2014 I think we can safely say we have arrived.

  • December's residential sales were very strong, at 93 units. The "slow November, strong December" seems to be a fairly predictable trend over the past several years, with the exception of 2012. After an extremely slow start annual sales finished at 1043 units, nearly a 3% increase from 2013. This increase is typical of a healthy, balanced market in which the market expands at a reasonable rate.
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The National Association of REALTORS' Existing Home Sales Report

Hello all, Aimee here blogging on behalf of Kline May Realty and our family of agents. Happy New Year. The National Association of REALTORS' released their existing home sales report recently, and we here at Kline May Realty wanted to share it with you.



To see a bigger version of this report, please click "Read more." This report was released by our friends at Keeping Current Matters today.

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Exciting Things In Store For 2015



Hello all, Aimee here blogging on behalf of Kline May Realty and our family of agents. Today's blog post, which will be short and sweet, will be the last post written in 2014.

2015 looks like it will be a promising year for our local real estate market. If you are looking to buy or sell in 2015, please give your Kline May Realty agent a call, or if you need to be matched with an agent, please call our office. Inventory is low, which is a great motivation for sellers to get their home on the market, and rates are expected to make a steady incline next year, which may encourage many buyers to act sooner rather than later.

In other local real estate news, Kline May Realty will be expanding in the New Year. Our Fishersville office will be open to the public after the first of the year, and we here at Kline May Realty are looking forward to being able to better serve the Augusta County real estate market. More information about the Fishersville will be coming soon, so keep an eye on our Facebook page in the coming weeks.

If you have any questions about the housing market or our new office, please call us today or e-mail us at info@KlineMay.com.

From our family to yours, have a safe and healthy New Year.

It's Beginning to Look A Lot Like Christmas at Kline May Realty

Hello all, Aimee here blogging on behalf of Kline May Realty and our family of agents. Are your stockings hung by the chimney with care? Take any long winter's naps lately, or are you too busy in the evenings scrambling to get your Christmas (or Hanukkah) shopping and wrapping done?

It's beginning to look a lot like Christmas here at the Kline May Realty main office, and even at a few of our listings.


Christmas time at Kline May Realty is a festive time. There have been all sorts of goodies on the kitchen table like chocolates, cupcakes, cookies, fudge, and even a Kline May Realty Gingerbread House.

And boy, oh, boy...the decorations. Here's an example:



Curt Laster has a blinking Sierra Mist Christmas tree on display. Greg Pfaff hung colored icicle lights above his cubicle and has a sad-looking Charlie Brown Christmas tree resting on a cubicle panel. There's a binder clip on the tree and a broken ornament, too. Someone even placed a bright pink Christmas tree in Carole Persinger's cubicle so there were three festive cubicles in a row. It's a magical, yet tacky, sight, let me tell you.

The magazine-quality tree is downstairs, decorated by the one and only Rebecca Funkhouser. Rebecca is the Martha Stewart of tree decorating at Kline May Realty and I'd be willing to argue the greater Shenandoah Valley. The first picture in this post is of Rebecca's tree!

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Harrisonburg Real Estate Market Report - November, 2014

Click here to download Market Update charts for November 2014.

As colder weather and holiday planning arrived in November, our area's typical slowing of the real estate market began. The Harrisonburg-Rockingham Association of Realtors® Multiple Listing Service (HRAR MLS) recorded 65 residential sales in November. This is a significant, but expected, drop from the past six months in which monthly totals consistently exceeded 100 sales. Not to fear, though, this is normal for November, and YTD sales are ahead of last year. Some highlights from the month are:

  • The 65 residential sales in November increased the annual total so far in 2014 to 948, which is 22 (2.38%) more sales than the total at the end of November 2013. In addition, the number of sales in the past 12 months increased to 1035, the highest 12 months sales figure since September, 2008.
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Soupfest 2014 Is a Week from Thursday

Hello all, Aimee here blogging on behalf of Kline May Realty and our family of agents.



During this frigid day in late November, I want to remind you about a fundraiser we announced on our Facebook just last week. On Thursday, December 4th, Kline May Realty will be hosting our first themed Pot Luck. The theme this year is soup.

From 11AM-1PM on the 4th, please come to the office and warm yourself up with a bowl (or several cups) of hot soup. Our agents and staff will be offering a smorgasbord of homemade soups, homemade breads, homemade desserts, and delicious drinks. Some soups that will be offered include Cream of Crab, Potato Soup, Spicy Thai Peanut Soup, Butternut Squash Soup, and Chicken and Rice Soup, plus several more.

Please offer your donation at the door. Whatever you can give is greatly appreciated. All money donated will go to our local United Way. Let's make Soupfest 2014 a great boost for the United Way's holiday fundraising efforts. Hope to see you there!

Stone Port Update

Hello all, Aimee here blogging on behalf of Kline May Realty and our family of agents. Today we're going to talk about a couple different construction projects going on in the Stone Spring Road area, including information on The Reserve at Stone Port.



If you're traveling from Port Republic Road to Route 11 or Route 42 any time soon, the new Stone Spring Road is now open. If you're traveling toward Harrisonburg, you can access the newly finished road from Port Republic Road just after you pass the hospital. What a smooth drive! An office source says that the connector road from 33 to Port Republic Road will be finished shortly, and the progress you see from the side of the road on Route 33 suggests that same thing.

The Stone Port concept, which includes luxury non-student apartments, is envisioned to be a 27-acre village. The village is set to include a restaurant, pharmacy, grocery store, and several other community staples, but the only project completed currently is the Bojangles. The luxury apartments will be available at the end of this year, though. Several other retail businesses are coming to Stone Port, but the names of those businesses will not be released until some time in 2015.

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Harrisonburg (and the Valley) Cares

Hello all, Aimee here blogging on behalf of Kline May Realty and our family of agents. Today we're going to offer up some examples of why Harrisonburg is the Friendly City!

As you may know, Harrisonburg made Movoto's list of the 10 Most Caring Small Cities in America. To read the blog click here. You can find a full list of Harrisonburg's Awards and Designations at this Harrisonburg Tourism web page.

After the announcement, some members of the Kline May Realty family volunteered their stories about why they agree Harrisonburg (and the Valley, in general) is so friendly. Read on to learn more.

But first, check out this picture of the casserole my neighbor made me because she found out my husband wasn't going to be home for dinner tonight. For this post, we're going to pretend I don't live in Grottoes. :)

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