Wednesday, June 22, 2005


In 2004 the average selling price of homes, condos and townhomes increased by some 15 percent in the area served by the Western North Carolina Regional MLS, according to Regional MLS figures. The average sale price in 2004 rose to $166,398 from the 2003 average of $143,012.

The Regional MLS, which includes the counties of Buncombe, Haywood, Madison, Transylvania....... recorded sales of 6918 residential units in 2004 at a total price tag of $82,200,505. MLS figures show homes sold in 2004 spent an average of about three weeks less on the market compared to the previous year.

Sales of existing homes in North Carolina were 22 percent higher in December than sales recorded in December 2003, capping off a record-breaking year that saw 12 months of double-digit growth.

According to statistics compiled by the North Carolina Association of REALTORS®, 112,188 residential units were sold in 2004 on an adjusted basis, surpassing the previous year’s figures by 21 percent. When combined with a 5 percent increase in the average sales price, total sales dollars for the year were up 27 percent to nearly $22 billion.

“The strong housing market continues to play a key role in the strength of our economy,” said NCAR executive vice president Tim Kent. “With mortgage interest rates expected to remain steady and an improving economy, we see a growing number of households getting into the real estate market this year.”With more than 32,000 members, the North Carolina Association of REALTORS® is the voice of the real estate profession and one of the largest, most influential associations in North Carolina.

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