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Category Archives: Residential Real Estate

The Rising Rental Rates of Raleigh

Rising Rental Rates

It’s a great time to make the transition from renter to homeowner in Wake County! Home sales and prices have been rising throughout the year in the Triangle market – and so have rental rates: Local Rental Rates The Raleigh-Cary region of N.C. was recently ranked among the highest average rental rates for an apartment in the nation. The average rent among apartment communities that have been open for moreRead more about The Rising Rental Rates of Raleigh

Clayton to Develop 2,500-Lot Residential Community

Earp Property with Large Pond

Clayton, NC is becoming more impressive every day! We recently shared all the great improvements and expansions the town proposed for its 2014-2015 budget, and now Wakefield Development Co. has submitted a preliminary master plan for a 2,500-lot residential community named Steeplechase. The master plan includes: Single-family homes Town homes Apartments Condominiums Clubhouse Large pond Commercial center at intersection of Covered Bridge Rd and O’Neil Street Space for a school NeighborsRead more about Clayton to Develop 2,500-Lot Residential Community

Raleigh Real Estate Market Report – September 2014

Home for sale and sold

The residential real estate market had its ups and downs this month – Check out the highlights: Housing Inventory A struggling home inventory continues to plague the Triangle. The number of homes listed for sale dropped by 3 percent in the third quarter and 44 percent from 4 years ago. Notable exceptions include: The new construction market, which is going strong with a 15 percent jump. Orange County, whichRead more about Raleigh Real Estate Market Report – September 2014

New Wetrock Farm Neighborhood to Include Organic Community Farm

Farm to table residential farmers

Durham developers are hoping to capitalize on the popular farm-to-table dining movement with their latest project: Wetrock Farm. Neighborhood Benefits The 230-acre subdivision will include about 140 homes priced between $300,000 and $399,999, but instead of a clubhouse, tennis courts, or golf course, Wetrock Farm will feature its own 15-acre fruit and vegetable farm. The farm will be owned and managed by Wetrock Resources, so homeowners will not beRead more about New Wetrock Farm Neighborhood to Include Organic Community Farm

Raleigh Real Estate Market Report – August 2014

Check out the residential real estate market trends around the NC Triangle for the month of August: Homes Sales The market is leveling off after double-digit gains last year. With 2,947 homes sold in August, Triangle home sales were up 1 percent when compared to the same month last year and down 8 percent when compared to July. While sales increased by a steep 24 percent in 2013, theRead more about Raleigh Real Estate Market Report – August 2014

Wake Forest’s Heritage Community Nears Completion

  An Award-Winning Community Heritage Wake Forest, a master-planned community comprised of 37 individual neighborhoods in downtown Wake Forest and Rolesville, broke ground 14 years ago. Now, the final neighborhood, Heritage Enclave, is down to its last batch of building lots. Heritage was originally meant to include 900 homes on 900 acres, but eventually grew to 2,600 homes on 2,500 acres. Public schools and local shopping centers have been namedRead more about Wake Forest’s Heritage Community Nears Completion

Raleigh Real Estate Market Report – July 2014

Check out the residential real estate market trends around the Triangle for the month of July: Home Sales Homes sales in the Triangle continue to creep upward as the year passes. July saw a one percent increase in sales compared to the same period last year. Housing analysts expect 2014 annual sales growth in the low single digits.  “I think we’re going to flatline for the rest of theRead more about Raleigh Real Estate Market Report – July 2014

Solar Shingles Debut on Cary Residence

Don Hyatt, a homeowner in Cary, has recently installed the first residential solar shingles in the Triangle, and possibly NC. “I’ve been waiting for them to become available in North Carolina,” Hyatt said. “It’s not like solar panels, which have the big blue rectangles that stick up above everything else and are obtrusive looking. These blend in nicely.” Hyatt needed to replace his roof, and decided to include theRead more about Solar Shingles Debut on Cary Residence

Raleigh Real Estate Market Report – June 2014

The residential real estate market is experiencing several trends around the Triangle: Home Sales and Prices Homes sales rose around the Triangle in June with a 4.7 percent increase from the year prior. In fact, the first six months of 2014 have included 14,815 homes sold, according to Triangle Multiple Listing Service, which represents a 3.4 percent year-to-date growth. The average price of a Triangle home sold in JuneRead more about Raleigh Real Estate Market Report – June 2014

Triangle Home Sales & Inventory on the Rise

The Triangle’s residential real estate market is heating up! Home sales in the area increased by 2 percent year-over-year in May, according to Triangle Multiple Listing Service’s local market report, which includes data from 16 counties in the region. Pending sales also rose by 3.5 percent. Month-to-month sales totals have been continuously growing this year, with May home sales up 22 percent compared to April.  Additionally, homes are selling atRead more about Triangle Home Sales & Inventory on the Rise