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The town Council chosen unanimously Friday having officials explore expanding its present Good-neighbor Homebuyer Loan System to provide the eligible city employees.

Since January, the brand new readily available research, the average sales price getting an existing unmarried-home during the Fayetteville was $189,450, considering Longleaf Pine Real estate professionals.

Specific Zero requirements from inside the Fayetteville, particularly 28314, 28306 and 28304, spotted increases approaching 20%. Zero rules 28305 and you will 28312 – and therefore both spotted a rise of about 30% – enjoys average income prices for present solitary-loved ones residential property in the $243,one hundred thousand and you will $304,504, correspondingly.

We have witnessed a significant like off property costs, Mayor Mitch Colvin told you from the Monday’s City Council meeting, recommending to your guidance increase.

Households is actually competitive … in place of it becoming that promote otherwise a couple offers, it is ten also provides.