Triangle Real Estate & Homes For Sale | North Carolina » Raleigh Real Estate

Raleigh Living equals The Best Quality of Life

Raleigh Real Estate — Tue, 25 May 2010 22:22:28 +0000

If you’re thinking about relocating? If you’re looking for the best quality of life in a major metro area? Relocating to Raleigh, NC is a great option. In a study recently released by Portfolio.com; Raleigh, NC beat out 66 other major metro areas to take top billing for best overall quality of life.

Follow this link to an interactive chart of data from the study.

You can also click here to read The Triangle Business Journal’s (TBJ) write up of the report.

The study measured 20 statistical areas. According to the TBJ top billing was given to “well-rounded markets with healthy economies, moderate costs of living, light traffic, impressive housing stocks and high-powered educational systems.” Some of Raleigh’s most impressive stats include.

-Fast paced growth; Raleigh has grown by 37% since 2000.
-Supply of new houses; over 50% of Raleigh’s housing stock has been built since 1990.
-Supply of high profile jobs; 44% of Raleigh workers hold management positions.
-Well educated work force; 41% of the population holds a bachelor’s degree.

If you are thinking about making a move to the Triangle? Let us help make your experience as smooth as possible. If you’re looking for a place to invest in Real Estate the Triangle is ripe with opportunity. Contact us today and we’ll help get you moving in the right direction.

Raleigh: Tops for Young Professionals

Raleigh Real Estate — Tue, 30 Mar 2010 06:29:56 +0000

A new study ranks Raleigh as the third best metropolitan area in the country for young adults seeking to establish themselves in a recessionary economy. According to the Triangle Business Journal Raleigh achieved its top billing for having both high population growth and employment growth. While maintaining relatively low unemployment.

If you are thinking about moving to Raleigh to take advantage of our growing economy give me a call so I can help you get acclimated to the area.

To read the entire article and see who ranked in the top two spots you can click here.

Raleigh Real Estate – Raleigh Listings and Trends

Raleigh Real Estate — Thu, 21 Jan 2010 05:05:31 +0000

The real estate market at it most basic and rudimentary level can be understood through basic Economics. Real estate values are driven by supply and demand. If supply increases and demand does not increase in kind housing values drop. This is know as a buyers market. While if the opposite is true and demand increases without supply keeping pace prices increase. Here we have a sellers market. This is of course just the starting point. There are innumerable reason that can cause both supply and demand to ebb and flow. This being the case an important aspect of the real estate business is listing trends. An easy way for brokers to gage where the market is heading is to track listings in terms of months supply on the market at any given time. At the point of writing this Raleigh listings are currently hovering around nine month supply. This is a rough figure hewn together from numerous price categories. If you are interested to see what the competition looks like at your homes price point please contact me. I’d be happy to prepare a comparative market analysis for your specific situation. Or if you want to search for Raleigh homes for sale just click here.

Raleigh Real Estate – MLS NC

Raleigh Real Estate — Wed, 20 Jan 2010 05:33:56 +0000

There aren’t too many people who haven’t heard of a Multiple Listing Service (MLS). The most sought after function of the MLS is searching homes listed for sale. However, I’d bet most folks aren’t exactly sure how the MLS works or what other functions the MLS serves. In a nut shell the MLS is a suite of services that (1) enables brokers to establish contractual offers of compensation (among brokers); (2) facilitates cooperation with other broker participants; (3) accumulates and disseminates information to enable appraisals; (4) is a facility for the orderly correlation and dissemination of listing information to better serve broker’s clients, customers and the public. A multiple listing service’s database and software is used by real estate brokers representing sellers under a listing contract to widely share information about properties with other brokers who may represent potential buyers or wish to cooperate with a seller’s broker in finding a buyer for the property or asset.
A question people often have is regarding what areas are contained in a specific MLS system. Is there a North Carolina MLS (an MLS NC)? Actually there are several MLS systems in NC. Raleigh homes for sale are listed in the Triangle MLS. The Triangle MLS contains listings for several counties (the major ones being Durham, Orange & Wake).
Before the MLS was computerized it was held in several yellow pages sized books. These books were regularly updated but widely invisible to the public. The MLS as we know it today facilities immediate dissemination of real estate sales information. It is not unheard of for a home to sell within hours of a real estate sales agent entering the information into the computer. If you like to search for Raleigh NC listings just click here.

Triangle Real Estate and the 5% rule

Raleigh Real Estate — Tue, 01 Dec 2009 05:23:59 +0000

Real Trends is a real estate trade publication published on a monthly basis. In the November 2009 issue they reported a survey they deemed the 5% rule. The survey was conducted through their own independent research with supplemental data coming from research university giants. Simply put, the “5% rule” says that in a normal year 5% of American house holds will purchase a home. According to their findings this has been the trend for the past 30 years and is the anticipated estimation for 2010. Through some technical growth calculation Real Trends further reports that the number households in the US increase by 1.1% each year. With these two statistics they can further project anticipated housing sales out into the future. They expect that it will take till 2024 for home sales to again reach 2005 levels. In this projection I wasn’t quite sure what they meant by “home sales.” I’m guessing they meant housing prices. I sent them an email for clarification and I’ll let you know what they come back with.

Let me bring this home to the Triangle. During the crazy real estate speculation The Triangle, luckily, didn’t get caught in the housing price inflation. There were for sure people that got mortgages who probably shouldn’t have. Also, the temptation to refinance grabbed another group of people. While the price bubble didn’t strike The Triangle, no one has been immune to the recession it caused. All these scenarios are currently being played out in the Triangle foreclosure and short sale market. However, short sales and foreclosures make up a small slice of the total real estate market; about 5% in Raleigh. Compare this to a city like Phoenix where nearly 80% of the homes for sale are either a short sale or a foreclosure and you get a good idea of The Triangle’s real estate health. The Triangle is an area poised for explosive growth over the next 20 years. People who get in now on this real estate market should continue to see the healthy 3-4% appreciation historically experienced in the region.

Bloomsbury Neighborhood Raleigh NC

Raleigh Real Estate — Thu, 12 Nov 2009 05:27:10 +0000

The Bloomsbury Neighborhood, located North of downtown Raleigh, is a northern component of the famous Five Points intersection. In May of 2002 Bloomsbury was added to the National Register of Historic Places. The general boundaries for the neighborhood are Fairview Road, St. Mary’s Street, Byrd Street, Sunset Drive, and Whitaker Mill Road. The neighborhood was primarily built during the roaring 20s. Two story Tudor revivals and bungalows are the most common architecturally for the neighborhood and the median sales price is around $380,000. If you’d like more information about this Raleigh Neighborhood give me a call.

East Raleigh-South Park Historic District

Raleigh Real Estate — Tue, 10 Nov 2009 09:21:34 +0000

The East Raleigh-South Park Historic District developed primarily from 1865, just after the Civil War, through 1940. The neighborhood is composed of about 30 blocks and lies east and south of downtown Raleigh. The houses in this neighborhood tend to be built rather close to each other reflecting the neighborhoods working class roots. As the residence of this area progressed from primarily working class to middle class the neighborhood’s architecture followed suite. The earliest homes in this area are examples of shotguns and triple-A cottages, while the later houses are examples of Craftsman, Colonial Revival, and Neoclasscial houses.

A prominent fixture of the East Raleigh-South Park Historic district is Shaw University. Founded in 1865, Shaw University, was the first historically black college of the South.

If you’d like more information about real estate opportunities in this part of Raleigh please feel free to give me a call.

Raleigh’s downtown Neighborhoods

Raleigh Real Estate — Tue, 10 Nov 2009 08:18:41 +0000

Boylan Heights

Location: South West of Downtown

Median Home Price: $350,000

Architectural styles include Colonial Box, Queen Anne/Colonial Hybrids, & Traditional Bungalows

Cameron Park:

Location: North West of Downtown

Median Home Price: $650,000

Primary architectural styles include Colonial Classical Revival & The Traditional Bungalow

Glenwood-Brooklyn

Location: North West of Downtown

Median Home Price: $350,000

Primary architectural styles include

Architectural styles include Queen Anne Victorian, Craftsman, & Colonial Revival

Mordecai

Location: North East of Downtown

Median Home Price: $400,000

Architectural styles are diverse including I-houses, Cape Cod, Bungalows, Spanish Mission

Oakwood

Location: North East of Downtown

Medina Home Price: $500,000

Architectural styles include Classical Revival, Second Empire, Bungalows, Craftsmen and Queen Anne

East Raleigh-South Park

Location: South and South East of Downtown

Median Home Price: $100,000

Architectural style include Shotgun and the Triple-A, Front gable and Side-gabled.

Boylan Heights Raleigh NC

Raleigh Real Estate — Fri, 06 Nov 2009 05:49:27 +0000

In 1907, the heirs of William Montfort Boylan sold his mansion, Montfort Hall, and the surrounding one hundred and eighty acres to the Greater Raleigh Land Company. The land was slated for subdivision marking the birth to one of Raleigh’s first 20th century suburban neighborhoods, Boylan Heights. The neighborhood is loosely bounded by W. Morgan St. to the north, Florence St. and DuPont Circle to the east, Dorothea Dr. to the south and CSX railway to the west. The neighborhoods location, just southwest of down town, provides a sweeping view of the Raleigh Skyline. The residence of the Boylan Heights neighborhood share a strong communal bond highlighted through their annual events.

Most of the Boylan Heights homes were built between 1910 and 1920. The architectural styles include Colonial Box and Queen Anne/Colonial hybrids but the one-story wood frame bungalow is the dominant design. If you were to take the winding drive through Boylan Heights you’d notice the heritage of the original owner through personal touches evident in each design. If you’d like more information on Boylan Heights you should check out the neighborhood association website.

Raleigh Real Estate Neighborhood Associations

Raleigh Real Estate — Fri, 06 Nov 2009 04:39:22 +0000

One of the really great things about living in Raleigh is the overall commitment to community. The city even helps to encourage the growth of interconnected communities by providing an official place to register your community groups. These groups include home owners associations (HOAs) but are in no way limited to dues paying organizations; any neighborhood based organization is welcome to apply for official recognition. The stated goal of the registry program is to identify and support neighborhood based organizations. I really applaud the City of Raleigh for this initiative. The only problem I have with the official registry is the format in which the city has decided to publish it. They only provide the names of the organization. It would be way more helpful to include some contact information for each group at the very least. However, the list is searchable so if you’re looking for a specific neighborhood you’ll be able to locate each registered group in that neighborhood. If you are thinking about moving to Raleigh and have a couple neighborhoods in mind this list is a good place to find out what groups are active around your new home. With the name of the group in hand and Google at your finger tips you should be able to get in touch with active member of the community. The information and wisdom these organizers can provide you with is priceless. If you’d like help identifying some potential neighborhoods for your move give me a call.