Briar Chapel Named a Top Master-Planned Community in the U.S.
While you might not associate the Triangle Area with sprawling master-planned communities when it comes to the local housing landscape, a new report that analyzes some of the country’s largest master-planned developments mentioned a neighborhood being built in Chapel Hill, which is the first community in all of North Carolina to make any such list in 3 years.
Being developed by Newland, the 1,600 acre Briar Chapel community ranks No. 40 out of the top 50 master-planned communities in the nation, at least according to a report from the John Burns Real Estate Consulting firm.
In 2016 alone, home builders sold 315 homes at Briar Chapel, which is a jaw-dropping 67% increase compared to the number of homes sold back in 2015.
Briar Chapel officially opened back in 2008 and is conveniently located off of U.S. 15-501, almost directly in between Chapel Hill and the city of Pittsboro over in Chatham County. When fully built-out, Briar Chapel is expected to feature nearly 2,400 homes, which will be spread out across multiple neighborhoods.
Home prices at Briar Chapel current range from the low $200,000s all the way up to the upper $600,000s, and home builders within the community are mostly all local and regional builders, like Saussy Burbank, Garman Homes, and Terramor Homes just to name a few.
As noted in a recent report from the Triangle Business Journal, there are currently around 1,365 lots remaining in Briar Chapel, leaving plenty of options and opportunities left for interested home buyers to build their dream home from the ground up in one of the country's hottest, and largest, housing developments.