The practice of flipping houses has been on the rise around the Triangle recently, at least according to a new report from ATTOM Data Solutions. Officially, a home that is purchased and sold for a second time within a 12 month span is considered a house flip, and according to the numbers, 5% of all home sales in the Triangle have recently satisfied that requirement.
In 2016, 1,202 houses were flipped in the Triangle region, which is up 6% from just one year prior. Of those homes sold, the original median home price was recorded at $144,870 while the median flip price settled at $218,892—a gross profit of over $74,000. Additionally, the average...
New population estimates were recently released by the U.S. Census Bureau which revealed the Raleigh-Cary metro area continues to be one of the fastest growing regions in the entire country.
Consisting of Wake, Johnston, and Franklin Counties, more than 1.3 million people now call the Raleigh-Cary metropolitan area home, which is up by roughly 2.5% compared to June 30th of last year.
The latest increase in population now puts the Raleigh metro area as the 14th fastest growing metro in the county,...
The second phase of the fabulous new Holding Village community in Wake Forest is officially underway, according to a recent update on the community website. Both a vibrant and growing community that offers an extremely desirable living experience, Holding Village originally started sales back in early 2016 and demand has been on the rise ever since.
Holding Village’s initial phase included 124 home sites, of which nearly all have been sold at last count. For potential home buyers interested in Holding Village homes for sale,...
Perched up on a quiet ridge that overlooks Central Park and Downtown Durham, it’s easy to see why The Brannan is one of the Triangle area’s hottest new condo developments. Designed by the famed Roger Ferris + Partners architectural firm, The Brannan features a chic, modern exterior with equally attractive interiors that are headlined by oversized floor-to-ceiling windows, huge private terraces, well-appointed kitchens with stainless steel appliances and quartz counters, and spa quality bathrooms with highly upgraded fixtures and surrounds.
Floor plans at The Brannan feature two bedrooms, two-and-a-half baths, and either 1,221 or 1,239 interior square feet. Other interior details include wide plank hardwood flooring throughout the main living areas,...
Details about a fabulous new row house project in Raleigh were recently outlined in a post from the Triangle Business Journal, and it’s definitely an eye-catching development that should capture the attention of just about anybody in the market for an attached, upscale living space.
Dubbed 10 Arros, the project is being developed by Raleigh-based Five Horizons Development, while the building site sits over at 533 and 537 New Bern Avenue just a couple blocks east of the Terry Sanford Federal Building...
If you’ve just purchased a Durham home or condo for the very first time—Congratulations! You’ve successfully found a place that fits your current needs, wants, and budget, all while also navigating the increasingly complicated and complex home buying process. Trust me when I say, that’s not always easy; and as a realtor who specializes in working with first-time home buyers, I know first-hand. ...
With the spring season now right around the corner, many Triangle area home owners will soon be facing the challenge of listing their home, hoping to take advantage of what’s traditionally one of the busiest times of the year for the housing market.
If you ask any real estate professional or industry expert, they’ll probably be the first to tell you that there are pros and cons to selling your home at any point during the year. But year after year, spring and early summer is always when market activity is at its highest level, prompting most home sellers to strike while the iron is hot.
If you’re thinking about ...
