Archive for the 'Real Estate Market' Category
Stoneridge-Sedgefield Market Update
May 7th, 2008 categories: Neighborhoods, Real Estate Market, Real Estate News
Time for an update on the statistics in the Stoneridge/Sedgefield neighborhood. It is located along Whitfield Road about one mile east of 86. It is in the area that is in the Chapel Hill School District, but not in the city limits. So, great schools, but no city tax. (There is a special school tax, but it is worth it!) Most of the homes in this neighborhood were built in the early to mid eighties, with at least an acre of land.
The chart shows the number and stats of the active homes in Stoneridge/Sedgefield as well as the houses that have closed in the past six months. These figures are a pretty good indicator of the average price in this neighborhood. You occasionally get houses priced much higher, but those are BIG houses on BIG lots!
So, if you want to be close to everything, but still have your “space”, check out Stoneridge/Sedgefield. Email me, or give me a call at 919-417-9753 if you want more info.
| Discussion: 1 Comment »
Do Gas Prices Impact Home Prices?
April 29th, 2008 categories: Home Buying Advice, Home Selling Advice, Real Estate Market, Real Estate News
OK. The price of gas is soaring with no end in sight. It is impacting food prices, delivery prices, you name it. It seems to negatively touch every part of your life. But does it impact the sale of your house? In a word, yes.
Think about it. You have two houses similar in size, yard, schools, etc. The only difference is one of them is 15 miles from everything. The other is 1 mile. Which do you think will sell? At $1 or even $2 a gallon, maybe no big deal. But with gas in sight of $5 a gallon you better believe buyers will take it into account.
So, what do you do? If you are the house close to everything, rejoice and play up that aspect! If you are out in the wilderness, don’t necessarily despair. There are buyers who will WANT to be far from everything. Play up the privacy, solitude, close-to-nature aspects of your home. It may take longer to find that particular buyer, but they are out there.
Commute time has always been important to buyers. Now add the COST OF COMMUTE to the list!
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6012 Turkey Farm Road - Stoneridge - READY FOR SHOWING
April 15th, 2008 categories: Neighborhoods, Real Estate Market
The beautiful home located at 6012 Turkey Farm Road in Stoneridge is now open for showing. Have your buyer agent set up a showing! The visual tour has been updated with interior pictures. The MLS # is 993245.
CLICK HERE for a VisualTour of this listing.
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6012 Turkey Farm Road - Stoneridge, Chapel Hill
April 1st, 2008 categories: Neighborhoods, Real Estate Market, Real Estate News
There is a new listing on the market! The home is located at 6012 Turkey Farm Road, Chapel Hill, NC. It is in the highly desirable Stoneridge/Sedgefield neighborhood. Situated on four acres, this home overlooks the Johnston Mill Nature Preserve. After wandering through your own four acres you can go across the street and spend hours in the preserve. Great privacy, yet you are close to everything! You also get the great Chapel Hill schools, without the city taxes. (There is a small school tax on top of the county tax, but it is well worth it!)
The house has three bedrooms and three full baths. There are also two additional rooms that could be used as offices, media rooms, exercise rooms - you decide how to use them! Great attached garage workshop, as well as a large outside storage shed. Great kitchen, breakfast area, family room to spend a lot of quality hours. Or get away to the comfortable living room for some quiet. There is a large back deck to relax and enjoy nature.
CLICK HERE for a VisualTour of this listing.
For more information on this wonderful home, give me a call at 919-417-9753, or email me at jjod3@earthlink.net.
| Discussion: 1 Comment »
Stoneridge-Sedgefield Market Update
March 27th, 2008 categories: Neighborhoods, Real Estate Market, Real Estate News
The next neighborhood I picked for some statistics is the Stoneridge/Sedgefield neighborhood. It is located along Whitfield Road about one mile east of 86. It is in the area that is in the Chapel Hill School District, but not in the city limits. So, great schools, but no city tax. (There is a special school tax, but it is worth it!) Most of the homes in this neighborhood were built in the early to mid eighties, with at least an acre of land.
The chart shows the number and stats of the active homes in Stoneridge/Sedgefield as well as the houses that have closed in the past six months. These figures are a pretty good indicator of the average price in this neighborhood. You occassionally get houses priced much higher, but those are BIG houses on BIG lots!
So, if you want to be close to everything, but still have your “space”, check out Stoneridge/Sedgefield. Email me, or give me a call at 919-417-9753 if you want more info.
| Discussion: No Comments »
East Chapel Hill HS Market Update-Townhomes
March 24th, 2008 categories: Chapel Hill Schools, Real Estate Market
This month I figured I would give you a snapshot of the market for townhomes in the East Chapel Hill High School district. The market consists overall of a great selection of single family homes, townhomes and condos. This chart is a summary of the market conditions for townhomes in the district. It represents the townhouses which closed from 2/24/2008 to 3/24/2008, as well as those active on the market. As you can see there are 34 townhomes shown as active on the Triangle Multiple Listing Service. There were only 4 homes which closed in that same period. This means an absorption rate of 4 homes per month for a 9 month supply. Of course, it would vary depending on the price of the house, but you get the idea.
The averages are also impacted by some really expensive townhomes in Meadowmont. They increased the averages a LOT! So, don’t be scared off by some high looking numbers. There are actually many very affordable townhomes in the East Chapel Hill High School district.
If you’re in the market for a home, but don’t want the required chores that come with a single family house, give townhouses a look. You may be very glad you did.
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Kirkwood Neighborhood
March 10th, 2008 categories: Home Buying Advice, Neighborhoods, Real Estate Market
The next in our list of neighborhoods is Kirkwood. This townhome community is located at the intersection of Erwin and Weaver Dairy, making it extremely convenient to everything. I know I say that about every community in the area, but it is still true. As you can see from the chart the homes sell in the low $200’s. Built in the 80’s, some of the homes have been nicely updated by their owners over the years. Some units, quite honestly, could use some renovation. But, given the size of the units, if you are at all handy with a hammer, you can do a lot of updating on your own.
If you are in the market for a home where you don’t want the hassle of outdoor care, for either the house or the yard, give Kirkwood a look. Drive through and check out the neighborhood. You will be glad you did.
As with any community I highlight, feel free to give me a call at 919-417-9753, or email me, for more information.
| Discussion: 2 Comments »
Providence Glen Condos
February 29th, 2008 categories: Neighborhoods, Real Estate Market, Real Estate News
The next neighborhood I have picked is Providence Glen condos. These condominiums are located of Sage Road an Old Sterling. Therefore, as you can imagine, they are convenient to everywhere you might need to go. These are pretty new condos, the final phase just recently being completed. (The units on the market now are re-sales.) Each building has 12 condos, four to a floor. You usually have a choice of two and three bedroom units. Some come with a detached garage space.
There is an elevator in each building so you don’t have to use the stairs if you don’t want the exercise. There is a great clubhouse and pool, as well as a tennis court. The chart shows the units on the market and those that have sold in the past six months. They are well priced for anyone who wants the ease of owning a condo. If you want additional information, give me a call at 919-417-9753.
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Where To For Home Prices?
February 26th, 2008 categories: Home Selling Advice, Real Estate Market, Real Estate News
A big question right now is where do home prices go from here? The national news has story after story about falling home prices. An article on Yahoo Finance, “Existing Home Sales Decline“, isn’t very optimistic for the near future. Basically, sales of existing homes fell 12.7% in 2007. That’s a national average. Some fell more, some fell less. And there are pockets that went up, too!
Prices, nationally, are expected to continue dropping until the end of 2008 or into 2009. There is a pretty good inventory of houses that need to be sold to end the downward pressure on prices.
Locally, in Chapel Hill, we do have a lot of unsold homes at this time. For the East Chapel Hill School District there is a 12 month supply of existing single family homes. However, we are lucky to have a pretty good buyer base. The universities, medical centers and RTP all provide a pretty steady supply of buyers. Plus, more people are moving INTO North Carolina, so that helps as well.
All is not doom and gloom. But it does mean if you have to sell, your house has to be a “cream puff”, the prettiest house on the block. Give me a call. I’ll help you make sure your house is the best one out there.
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Home Sales in East Chapel Hill HS district
February 25th, 2008 categories: Chapel Hill Schools, Real Estate Market, Real Estate News
This chart is a summary of the market conditions in the East Chapel Hill High School district. It represents the detached single family houses which closed from 1/25/2008 to 2/25/2008, as well as those active on the market. As you can see there are 116 detached homes shown as active on the Triangle Multiple Listing Service, up from 109 a month ago. There were only 10 homes which closed in that same period. This means an absorption rate of 10 homes per month for a 12 month supply. Of course, it would vary depending on the price of the house, but you get the idea.
For a seller this means you absolutely HAVE TO be fully committed to getting your house in show condition. You have LOTS of competition! For a buyer, it means you can be in a great negotiating position, if you have done your homework. I can help you whether you are buying or selling.
You can also see we have a very wide range of homes in our market. This sample does not include condos/townhouses. There are a WHOLE lot of those out there, as well! If you want to know more about the living opportunities in the East Chapel Hill High School district, or any other local area, give me a call. I’ll be happy to help.
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