Local home sales aren't the highest in the state, but they continue to grow
Sales for existing homes in the state were 11 percent higher last month than they were during Oct. 2004, the North Carolina Association of Realtors announced today. During the past 10 months, nearly 111,000 homes have been sold - marking a 15 percent increase over the first 10 months of 2004 - at an average sales price of $208,869.
Of the areas that saw positive growth, the Triad was one of the least impacted. A total of 1,357 existing homes sold here during October - just a 2 percent increase over the number sold a year before - yielding more than $240 million in sales. That's an 11 percent rise from October of last year. And the average sale price for Triad homes went up 8 percent from October 2004 to October 2005, clocking in near $177,000 last month, the association reported.
The greatest sales growth happened in the mountains and along the coast, with the largest price appreciation for the past 10 months taking place in Carteret County and Wilmington, the association reported. Carteret also had the near-highest average home sale price in the state - $286,057 - second only to home prices in the Outer Banks, which, on average, were near $547,000.
The state's largest total sales in October were in the Charlotte market (nearly $726.7 million), with the Triangle coming in second, the Triad in third, and Wilmington following with more than $164 million in sales. Nearly all areas of the state saw a decline in total homes sold from September to October.