July Home Sales Hit High For The Year (2018-08-14 15:21:19)

Home buyers were busy in the High Country last month, with Realtor sales the highest recorded so far this year.

Sales in the four-county area surpassed 200 for the first time since December. Mortgage rates remained stable, though well above where they were a year ago.

According to the High Country Multiple Listing Service, there were 205 homes worth $59.27 million sold in July by Realtors in Alleghany, Ashe Avery and Watauga counties. The average sold price was $289,102.

Sales were up month-to-month by 22 percent (168 homes sold in June), but down a slight 1.4 percent year-to-year (208 sold in July 2017).

Historically, it was the second busiest July since 2005. In the previous 13 years, local Realtors sold an average of 146 homes that month.

Sales for the year remain well above last year’s pace. Realtors sold 1,196 homes worth $320.88 million through July. They sold 1,096 worth $272.33 million in that span last year.

The average sale price is also up, from $248,472 last year to $268,301 now.