Crawford Country total home sales in January were valued at $3.656 million, down 5.9 percent from the same month last year. Agents sold 35 homes, which was 3 less than were sold in January 2014, according to MountData.com.
The median home price in Crawford County was $104,950, or $65 per square foot. This was up 17.2 percent from the $89,500 median price reported in the year ago period. Federal Rural Development loans which allow for 100 percent financing have been a contributor to the appeal for Crawford County among first-time homebuyers.
There were 83 homes sold in Sebastian County in January, with 62 of those in Fort Smith, according to Kevin King, broker with Weichert King Realty Group. He said 11 of those 62 sales were priced below $75,000, an indication that investors are still active in the local market.
MountData.com reports the 83 homes sold in Sebastian County in January were valued at $10.472 million, which was a 10.6 percent gain in units sold and 12.3 percent more volume over the same month last year. Unit sales are up 59% from the same month in 2013 while total sales volume rose 65 percent.
The median prices for homes sold in Sebastian County last month were $111,225, or $67 per square foot, according to MountData.com. The average sales price was $126,170, up slightly from $124,247 reported a year ago.
In Fort Smith, King said the average home price was $128,300 in January, noting that more activity at the low end of the market reduced the average price. He said the average price for homes sold by his office last month was $185,000, which was one of their better months.