Stanley home prices rise in the first half of 2017

Stanley home prices rise in the first half of 2017
0Comments

The median sale price of a home sold in the first half of 2017 in Stanley rose by $3,000 while total sales decreased by 2.9%, according to BlockShopper.com.

From January through June of 2017, there were 68 homes sold, with a median sale price of $119,000 – a 2.6% increase over the $116,000 median sale price for the same period of the previous year. There were 70 homes sold in Stanley in the first half of 2016.

The median sales tax in Stanley for the most recent year with available data, 2015, was $880, approximately 0.7% of the median home sale price for the first half of 2017.

The following table compares Stanley to other Gaston County cities with similar median sales prices in the first half of 2017:

City Jan. – June 2017 Home Sales Jan. – June 2016 Home Sales % change (Total Home Sales) Jan. – June 2017 Median Sales Price Jan. – June 2016 Median Sales Price % change (Median Sales Price)
Cramerton 50 71 -29.6% $127,000 $157,000 -19.1%
Ashebrook Park 3 5 -40% $125,000 $51,000 145.1%
Lowell 34 36 -5.6% $121,000 $113,500 6.6%
Ranlo 50 25 100% $121,000 $125,000 -3.2%
Gastonia 820 834 -1.7% $120,000 $113,000 6.2%
Stanley 68 70 -2.9% $119,000 $116,000 2.6%
Yorkwood 5 2 150% $100,000 $83,500 19.8%
Fallcrest 5 0 $94,000 $0
Goshen Grove 4 5 -20% $92,500 $115,000 -19.6%
Cherryville 78 80 -2.5% $91,250 $75,000 21.7%
Alexis 3 4 -25% $90,000 $101,750 -11.5%


Related

Goldfarb on North Carolina mortgage rates: ‘The surge marks the largest weekly increase since 1987’

Goldfarb on North Carolina mortgage rates: ‘The surge marks the largest weekly increase since 1987’

The Federal Reserve is raising mortgage rates in North Carolina, a move that is expected to drive potential home buyers out of the market and instead wait for more favorable mortgage conditions.

1513 Newcastle St., Charlotte sold by Deborah B. and Sammie Johnson and Melvina B. Fryar

1513 Newcastle St., Charlotte sold by Deborah B. and Sammie Johnson and Melvina B. Fryar

The two bedroom, one bathroom home at 1513 Newcastle St., Charlotte was sold on March 22 by Deborah B. and Sammie Johnson and Melvina B. Fryar for $150,000. The buyer was Vlastimil Didik.

1513 Newcastle St., Charlotte sold by Deborah B. and Sammie Johnson and Melvina B. Fryar

1615 Merry Oaks Road G, Charlotte sold by Atmore Properties LLC

The two bedroom, 1.5 bathroom home at 1615 Merry Oaks Road G, Charlotte was sold on March 18 by Atmore Properties LLC for $222,500. The buyer was Alexander R. Aceituno.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Old North News.