| 113th Year, 27th Issue | Thursday, February 14, 2002 | Sparta, North Carolina |
Alleghany County land sales rebounded last year, while money spent on residential construction continued to drop — by 24 percent. According to figures from the Alleghany County Register of Deeds office, there were 600 deeds with stamps — that is, deeds sold for money — in 2001, down from 627 in 2000.
Total value of land sold, however, showed a significant increase. Based on stamp value, land sold last year amounted to about $40.12 million, a 14 percent increase over the 2000 total of $35.2 million. (That puts last year's average sale at $66,861, versus $56,140 in 2000.) Land sales totaled $47.0 million in 1999.
Last year's heaviest month for sales was August, in which 69 deeds sold for a total of about $4.7 million. The leanest month of 2001 was April, during which 47 deeds sold for $1.7 million.
Of the deeds with stamps, 331, or 55 percent, involved a purchaser from outside Alleghany County.
According to building inspection department statistics, money spent on new residential construction, based on permits issued, dropped from $14.8 million in 2000 to $11,235,802 in 2001. The figure was $16.8 million in 1999. Of the 2001 amount, $15,000 was for one two-family, or duplex house. The remainder was for 95 single-family houses. In 2000, 122 single-family houses and 30 duplex homes were authorized.
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