The Roanoker - September/October 2016 - 44
The look of South Roanoke Upper-income zip codes have recovered far more strongly since the recession than lower-income zips.
HOME PRICES, SALES ARE UP
The Roanoke housing market is not the most robust in the state, but the recovery from the Great
Recession is at least complete in most areas of the valley, and far better than that in others.
PICK A MEASUREMENT TOOL,
apply it to the Roanoke real estate
market, and things look pretty good,
with the recovery from 2008 not only
complete, but, at least in some contexts, also now being built upon.
Take the year-to-date sales figures
from Roanoke Valley Multiple Listing
Services. The first six months of 2016
are crushing those for the most-re44 | SEPTEMBER/OCTOBER 2016
cent four-year year-to-dates in terms
of volume sold, number of residences
sold and, to a lesser extent, average
home price. In fact, the total sales figure through June-$475.5 million-
has the Roanoke market poised for
its first billion-dollar year since 2007.
And at 2,409 units sold through June,
there's also the possibility of hitting