DEMAND FOR HOMES IN ROANOKE VALLEY IS STILL STRONG
The analysis of home sales I recently completed shows the demand for homes in the Roanoke Valley is still strong. The number of single family homes (including condominiums and townhouses) sold and the average and median prices of homes sold during the first three quarters of 2005 show large annual increases.

The average price of a single family home sold in the Roanoke Valley during the first three quarters of 2005 was $204,267, up 14.5% from the comparable period in 2004. The median price of $156,000 was 8.3% higher than in 2004. (The median price is the price where half of the homes sold for more and half sold for less). The number of homes sold rose to 4,642, an increase of 9.4% over 2004.

Gus Fargarson
Long and Foster Real Estate
Roanoke / Botetourt Office
1638 Roanoke Road
Daleville, VA 24083
(540) 797-3108
Licensed in Virginia