Show off your holiday lights and you could win an iPad! Enter your photo by December 13. Winner will be selected by popular vote.
Tuesday, September 17, 2013
The pace of home sales in the Roanoke area hit a six-year high in August, the leading local realty group said.
Buyers closed 447 purchases in August, the highest monthly total since July 2007, when the monthly total was 497, and 16 percent higher than the August 2012 total of 384, according to the Roanoke Valley Association of Realtors.
People are buying houses in numbers not seen since slightly before the severe recession began in December 2007. Sales are on pace to exceed 4,000 for the year, which last happened in 2007.
In addition, buyers are paying more than a year ago. The average price stood at $210,443 in August, while it was $192,455 in August 2012, the association said.
The figures cover new and existing homes that were listed with a multiple listing service and sold in Roanoke, Salem, the town of Vinton and the counties of Botetourt, Craig and Roanoke, and parts of Bedford and Franklin counties.
Laura Benjamin, who directs the association, said real estate brokers and agents tell her they are busy and say things such as, “I got this closing, that closing,” Benjamin said. “Most [buyers] are local buying up, and there are still plenty of people coming in from out of town that need housing.”
Weather JournalWarmth next 2 days hits icy wall