The real estate market in Jefferson County showed gains in average prices, units sold and valuation of sold residential units in February, normally a slow month, according to the Arkansas Realtors Association.
Overall February home sales were down 1.6 percent, and the average price of homes sold increased by 7.6 percent when compared with the same time last year, the association said Monday.
Jefferson County recorded 22 residential units sold in February, compared with 20 for the same month last year. Residential sales for the first two months of the year totaled 46, up almost 18 percent from the same period last year.
The average price of the 22 units was $103,116, a 4.52 percent over an average price of $98,653 for February 2012. Year-to-date average prices were $110,235, an increase of 32 percent over the first two months of last year.
The total value of new and existing residential values for February was $2.26 million, up 15 percent from $1.97 million for the second month of last year. Year-to-date sales totaled $5.07 million, an increase of 55.67 percent over the $3.25 million sold in January and February of 2012.
The report, which tracks home sales in 43 Arkansas counties, indicated the average price of homes sold in February was $152,254, up from $141,498 during the same month last year.
By the numbers:
• Arkansas County: 23 new and existing units sold in February, up from nine for February 2012; 29 year-to-date, up from 16 for the same period last year; average price of $115,593, up 35 percent from $85,389; year-to-date average price $118,642, up from $95,371 for the same period last year; value of all new and existing sales in February was $2.65 million, a jump of 245 percent from $768,501 for February 2012; year to date $3.44 million, up 125 percent from $1.5 million last year.
• Ashley County: Two in February, unchanged; three year-to-date, down from four last year; average selling price in February was $105,600, up 40 percent from $75,000 last year; year-to-date average sale price was $117,000, a jump from $58,500 last year; valuation of the two units sold in February was $211,200, up from $150,000 the second month of 2012; and $351,000 year-to-date, up from $234,000 for the first two months of last year.
• Grant County: Six units sold in February, up from four in February 2012; 13 sold the first two months of the year, down from 14 for the same period last year; the average unit price in February was $121,566, up from $110,750 in February 2012; $125,007 year-to-date, up 12 percent from the same period last year; and values of new and existing units sold in February was $729,396, up from $443,000; and $1.6 million year-to-date, an increase over $1.5 million recorded during the first two months of 2012.