Mar 25, 2018
The real estate market in Lawrence County for 2017 was a record sales year; however, the Real Estate Market is ever changing and dynamic in our area.
History shows that in Lawrence County, we don’t typically see the booms and the busts that are portrayed on the national news.
Lawrence County does experience shifts in the volume of real estate transactions from year to year. Here is a breakdown of the annual sales in the county by year:
As you can see the volume of sales has fluctuated from year to year over the past decade. Here is the breakdown of sales from 2015 through 2017, into specific areas of the county over the last three years:
As these numbers show, the overall total sales in Lawrence County decreased from 2015 to 2016 by $5,999,028 (about 6%) and total sales rebounded significantly in 2017 over 2016 by $25,854,117 (about 28%).
In the unincorporated areas along the river, Fayette, Hamilton, Perry, Union, and Upper Townships saw an increase in the total sales from 2016 to 2017 while Rome Township saw a slight drop of sales volume from 2016 to 2017.
Even with the drop in volume in Rome Township, it is still the most active real estate market area in the county.
In the municipalities, Ironton and Athalia had an increase in sales, with all other municipalities showing less sales in 2017 than 2016. Noticeably, the real estate market in the City of Ironton nearly doubled from 2016 to 2017 with an increase of $9,976,464 or about 91%. Clearly, Ironton saw a very good year for the real estate market in 2017.
Also of note, most of the areas of the county that are not along the river showed an increase from 2016 to 2017. All but Aid Township saw significant increase in the volume of sales from 2016 to 2017.
As we continue to closely monitor the sales within our county, it is our ultimate goal in the Auditor’s Office to accurately value your property’s market value for the tax duplicate.
Our conveyance records (sales information) are always open for your inspection. You are invited to the County Auditor's Office in the Lawrence County Courthouse to see for yourself the details of our local real estate market. You can also search a variety of detailed sales information on our Web site at www.lawrencecountyauditor.org.
Jason C. Stephens, CFP
Lawrence County Auditor