Triangle Luxury Home Market on Pace to Double 2016's Sales Volume
Posted by Brandon Duncan on Sunday, August 6, 2017 at 9:43 AM
By Brandon Duncan / August 6, 2017
Comment
The luxury home market throughout the Triangle region appears to be thriving right now, posting some of the best numbers we’ve seen in almost a decade. According to a new report from the Triangle Business Journal, 20 Triangle homes priced at $1.8 million or more have sold so far in 2017, which means if the current sale pace continues, we could see over 40 luxury homes priced at that level move before the end of the year.
For comparison sake, just 17 homes at $1.8 million or more sold during all of 2016, putting 2017's numbers through the end of June on track to double last year’s overall total. Also noted in the report is that these numbers aren't factoring in pre-sales of new luxury homes, which could boost this 2017’s sales volume even higher.
New construction over the past couple years, not just in the Triangle but in markets all over the U.S., has also favored the luxury side of the market, which is undoubtedly a contributing factor in such a substancial jump in high-end home transactions here in the Raleigh-Durham area.
Most notably, the highly touted, large-lot Avalaire community, which has finally begun to move forward, will feature an impressive collection of 93 wooded lot, custom-built homes that are expected to price somewhere between $1.25 and $3 million; but as you can see below, that's certainly not the only place to begin a luxury home search in the Triangle area right now.
SEARCH TRIANGLE AREA HOMES $1.75 MILLION AND OVER BELOW:
$97,500,000
Neighborhood:
Not in a Subdivision
4
Beds
1
Baths
2,128
Sq.Ft.
1940
Year Built
12
Days on Site
2511503
MLS
Never before offered in its entirety, Falling Waters is 5,200 +/- contiguous acres and the last remaining large acreage tract in North Western North Carolina. With a rich heritage dating back to...
MLS #: 2511503
$10,000,000
Neighborhood:
Not in a Subdivision
6
Beds
8F31/2
Baths
13,786
Sq.Ft.
1998
Year Built
11
Days on Site
2511921
MLS
The pinnacle of luxury living awaits beyond the gates of this incredibly private 14-acre estate in a premium north Raleigh location. Built for hosting, this special property has a unique feeling and...
MLS #: 2511921
$8,300,000
Neighborhood:
Not in a Subdivision
5
Beds
4F21/2
Baths
9,619
Sq.Ft.
2005
Year Built
389
Days on Site
2447440
MLS
Nearly 8 acres on private lake! Downtown Cary, hiking trails, & more just a short drive away! Minutes from RTP & RDU Airport. Indoor pool with steam room, movie theater, English bar, wine cellar, &...
MLS #: 2447440
$7,495,000
Neighborhood:
Renaissance at Regency
6
Beds
6F31/2
Baths
12,846
Sq.Ft.
2014
Year Built
459
Days on Site
2433250
MLS
Nearly 13,000 SF of custom luxury in Cary's exclusive Renaissance @ Regency Estates. Created by a dream team of esteemed architect, builder, interior designer & craftspeople. Undoubtedly one of NC's...
MLS #: 2433250
$6,999,900
Neighborhood:
North Ridge
5
Beds
5F21/2
Baths
9,094
Sq.Ft.
2023
Year Built
71
Days on Site
2500656
MLS
Magnificent Parade of Homes 2023 by Raleigh Custom Homes to be North Ridge's finest. Located on the 13th Fairway w/ Panoramic views of Course and Lake. Enjoy the Sleek Modern Pool, Phantom Screen...
MLS #: 2500656
$6,800,000
Neighborhood:
Governors Club
3
Beds
6F21/2
Baths
11,663
Sq.Ft.
2008
Year Built
25
Days on Site
2509283
MLS
Luxurious elegance in every detail. This exquisitely crafted 11,600+ square foot home was designed and built on the perfect mountaintop site in the Highland Park neighborhood of prestigious Governors...
MLS #: 2509283
$6,750,000
Neighborhood:
Gimghoul
5
Beds
6F31/2
Baths
10,446
Sq.Ft.
2009
Year Built
18
Days on Site
2510413
MLS
This exquisite estate, located in the heart of Chapel Hill in the Gimghoul Historic District, is a rare find! Set on over 3 acres, 740 Gimghoul Road includes four properties, which are being sold...
MLS #: 2510413
$6,575,000
Neighborhood:
Not in a Subdivision
3
Beds
3F11/2
Baths
5,863
Sq.Ft.
2008
Year Built
98
Days on Site
2496068
MLS
Breathe. Surrounded by Duke Forest, this almost 13 acre treasure offers quiet and privacy but is only minutes from Duke, DT Durham or Chapel Hill. Truly a work of art, the primary residence includes...
MLS #: 2496068
$6,500,000
Neighborhood:
Not in a Subdivision
5
Beds
3
Baths
3,511
Sq.Ft.
1973
Year Built
206
Days on Site
2482520
MLS
This is truly 'Gold Dirt,' a developer's dream or a sterling investment for the future. Five bedroom home on 27 sprawling acres, 5 minutes from the new Apple Campus, adjacent to Old Chatham Golf Club....
MLS #: 2482520
$6,200,000
Neighborhood:
Back Nine Estates
5
Beds
7F21/2
Baths
14,438
Sq.Ft.
2003
Year Built
144
Days on Site
2489349
MLS
Exclusive, Private, Gated Estate on almost 4 acres. Exceptional property was featured in Parade of Homes and is located in the Back Nine. Master Craftsmanship displayed throughout every detail....
MLS #: 2489349
$5,950,000
Neighborhood:
The Hills of Rosemont
4
Beds
6F21/2
Baths
9,100
Sq.Ft.
2004
Year Built
123
Days on Site
2492352
MLS
This home is a one-of-a-kind masterpiece! Enjoy luxurious living in an unbeatable location in the highly sought after gated community, the Hills of Rosemont. Positioned on a secluded homesite of over...
MLS #: 2492352
$5,950,000
Neighborhood:
North Ridge
5
Beds
5F21/2
Baths
8,569
Sq.Ft.
2023
Year Built
56
Days on Site
2503254
MLS
Step into luxury, in this remarkable, custom built home situated atop North Ridge Country Club's sensational Lakes Course with sweeping views of the lake & golf course. Boasting five luxurious,...
MLS #: 2503254
$5,900,000
Neighborhood:
Not in a Subdivision
4
Beds
6F11/2
Baths
6,510
Sq.Ft.
2015
Year Built
368
Days on Site
2451912
MLS
Bella Woods: Beauty, Privacy, Quality, Security. Situated deep within 187 acres of mature hardwoods. 3BR/6.5BA, w additional bed/bath above garage. Constructed from 100+ y/o reclaimed white oak &...
MLS #: 2451912
$5,900,000
Neighborhood:
Wakefield
6
Beds
6F21/2
Baths
10,749
Sq.Ft.
2002
Year Built
306
Days on Site
2465147
MLS
12908 Anglewood Court, Private, Unique Playground. TPC WAKEFIELD, 13TH FAIRWAY..1 of a kind. 10,780 SQF..4 Floors, 6 Bd 6 1/2 Bath 4 Car Garage 5 inside fireplace, 2 Outside.Gas Grill by Pool ,...
MLS #: 2465147Open 5/30
$5,800,000
Neighborhood:
The Hills of Rosemont
5
Beds
7F21/2
Baths
11,350
Sq.Ft.
2017
Year Built
250
Days on Site
2475644
MLS
Available through Exclusive Luxury Auction! Shown by Appointment only. This gorgeous 5+ acre gated estate in The Hills of Rosemont is thoughtfully designed inside & out. Located in one of the most...
MLS #: 2475644
$5,800,000
Neighborhood:
Figure Eight Island
4
Beds
4F11/2
Baths
3,546
Sq.Ft.
1994
Year Built
69
Days on Site
2500946
MLS
For the first time this property is being put on the market since it was built. Are you looking for a property that has an upside? Did you think a property like this didn't exist on an ocean front...
MLS #: 2500946
$5,795,000
Neighborhood:
Not in a Subdivision
5
Beds
4F11/2
Baths
4,684
Sq.Ft.
1925
Year Built
242
Days on Site
2476902
MLS
Experience the character and charm of this 1925 colonial nestled in a 1.54-acre oasis on Tenney Circle in the heart of Chapel Hill. Originally built by Robert E Coker, a pioneer in his field and...
MLS #: 2476902
$5,750,000
Neighborhood:
Not in a Subdivision
4
Beds
3F11/2
Baths
11,218
Sq.Ft.
1998
Year Built
391
Days on Site
2446564
MLS
Famed Butler Farm, known for its world class Arabian horse facilities, is for sale! Includes stately custom main residence and 66-stall, state-of-the-art brick & block barn. Other structures add...
MLS #: 2446564
$5,700,000
Neighborhood:
Irving Park
4
Beds
6
Baths
8,209
Sq.Ft.
2021
Year Built
299
Days on Site
2466577
MLS
Sophistication at its finest. One-of-a-kind modern chateau stands proudly on a beautifully landscaped corner lot in sought-after Irving Park. Arcadia steel front door & oversized main level windows w...
MLS #: 2466577
$5,500,000
Neighborhood:
The Hills of Rosemont
5
Beds
7F21/2
Baths
10,850
Sq.Ft.
2008
Year Built
264
Days on Site
2473018
MLS
Unquestionably one of the finest estates in all of NC, this exquisite property, with its nearly 11,000 sq. ft. home resting on over seven acres of beautiful grounds, is in Durham's exclusive, gated...
MLS #: 2473018
$5,420,000
Neighborhood:
Woodrow Park
4
Beds
5F21/2
Baths
9,549
Sq.Ft.
2007
Year Built
55
Days on Site
2503366
MLS
Nestled on a private, meticulously landscaped, acre+ lot in the heart of Raleigh, this exquisite Georgian-style home boasts floor-to-ceiling windows and glass doors that invite the sunshine in and...
MLS #: 2503366
$5,000,000
Neighborhood:
North Ridge
5
Beds
6F21/2
Baths
7,230
Sq.Ft.
2023
Year Built
103
Days on Site
2495390
MLS
Frazier Home Design Masterpiece on the #2 Green of The Oaks Course! All Painted Brick Elevation w/Porte-Cochere leading to Private 3-Car Garages! Pella Alluminum Clad Casement Windows! Kitchen...
MLS #: 2495390
$5,000,000
Neighborhood:
North Ridge
5
Beds
6F21/2
Baths
8,000
Sq.Ft.
2023
Year Built
62
Days on Site
2502115
MLS
PRESALE OPPORTUNITY with Homestead Building Company backing to the 7th fairway of the Oaks Golf Course in Prestigious North Ridge! Lot sides to Natural Space! Floorplan can be customized! Heated...
MLS #: 2502115
$4,995,000
Neighborhood:
Green Acres
6
Beds
7F41/2
Baths
20,283
Sq.Ft.
2000
Year Built
900
Days on Site
2357404
MLS
New Price for this remarkable, tranquil and secluded estate nestled on almost two lush acres rising above one of the most beautiful and desired neighborhoods in the center of it all! Custom-designed...
MLS #: 2357404
$4,975,000
Neighborhood:
Shadow Creek Estates
6
Beds
6F31/2
Baths
7,379
Sq.Ft.
2023
Year Built
377
Days on Site
2449921
MLS
This incredible Loyd Builders estate offers an unparalleled lifestyle experience. Perfectly positioned on a beautifully landscaped 1.17 acre homesite with a horseshoe driveway, slate roof, copper...
MLS #: 2449921
$4,750,000
Neighborhood:
Southern Hills Estates
5
Beds
6F31/2
Baths
12,284
Sq.Ft.
2022
Year Built
329
Days on Site
2460173
MLS
Stunning brick home w/striking architectural details! Lofty 2 story foyer! Luxurious 1st fl owners retreat w/cathedral ceiling has 2 lg WICs, luxe bath w/soaking tub &walk-in shower. Opt. 2nd fl...
MLS #: 2460173
$4,700,000
Neighborhood:
Not in a Subdivision
3
Beds
2
Baths
1,300
Sq.Ft.
1956
Year Built
303
Days on Site
2465781
MLS
Huge Estate! Enjoy the unique, quiet and privacy this estate farm setting has to offer! This huge 75.58-acre farm estate is located inside the city limits of Clinton within walking distance of many...
MLS #: 2465781
$4,500,000
Neighborhood:
Not in a Subdivision
3
Beds
3F11/2
Baths
4,332
Sq.Ft.
1987
Year Built
4
Days on Site
2513035
MLS
RARE opportunity to own this stunning home on 13.88 acres w/4332 sq.ft. 2-car garage, & a serene pond in desirable Cary 27519. Sellers obtained permits to bring this 1987 structure down to bare...
MLS #: 2513035
$4,250,000
Neighborhood:
Farrior Hills
5
Beds
5
Baths
7,161
Sq.Ft.
2023
Year Built
168
Days on Site
2487005
MLS
Opportunity to Build The Ultimate Executive Estate on Exclusive Lynwood Lane - Walking Distance to North Hills With Dougher Development Company! Unparalleled Luxury & Attention to Detail! Dramatic...
MLS #: 2487005
$4,250,000
Neighborhood:
Not in a Subdivision
5
Beds
6F11/2
Baths
5,586
Sq.Ft.
1922
Year Built
16
Days on Site
2510777
MLS
Rarely available, The Greenlaw House, a stunning, historical estate built in 1922 for Edwin Greenlaw, namesake of UNC's Greenlaw Hall. Designed by Arthur Nash, whose major works include the Carolina...
MLS #: 2510777
$4,175,000
Neighborhood:
North Ridge
6
Beds
6F21/2
Baths
9,198
Sq.Ft.
2002
Year Built
72
Days on Site
2500232
MLS
Luxurious living on one of the finest lots around with panoramic views of a 20 acre lake & sweeping golf course views. This exquisite all brick custom home with cedar shake roof offers 6 car garage...
MLS #: 2500232
$3,995,000
Neighborhood:
Not in a Subdivision
4
Beds
4F11/2
Baths
7,902
Sq.Ft.
1990
Year Built
89
Days on Site
2497432
MLS
An impeccable reimagining has combined classic French and contemporary design elements in this dramatic Chapel Hill Historic District home. There is an air of Paris chic throughout that radiates...
MLS #: 2497432
$3,950,000
Neighborhood:
Not in a Subdivision
5
Beds
6F21/2
Baths
11,550
Sq.Ft.
2007
Year Built
76
Days on Site
2499811
MLS
Tucked inside over 3 acres resplendent with magnolias and cherry blossoms, lies a home where craftsmanship, quality and execution come together to create the ideal balance of quiet elegance and...
MLS #: 2499811
$3,950,000
Neighborhood:
Hayes Barton
4
Beds
3F11/2
Baths
4,764
Sq.Ft.
1925
Year Built
35
Days on Site
2507070
MLS
Urban estate nestled amidst the foliage of the desirable Hayes Barton community in ITB. The lot size and stunningly landscaped gardens offer a unique opportunity to acquire one of the most...
MLS #: 2507070
$3,750,000
Neighborhood:
Governors Club
5
Beds
6F21/2
Baths
8,900
Sq.Ft.
2012
Year Built
97
Days on Site
2496117
MLS
For those with impeccable taste, a once in a lifetime opportunity. Strategically positioned on nearly THREE acres overlooking the 20th fairway, experience an elegant seamless flow from interior to...
MLS #: 2496117
$3,750,000
Neighborhood:
Country Club Hills
6
Beds
5F21/2
Baths
9,286
Sq.Ft.
1962
Year Built
83
Days on Site
2498361
MLS
Perfectly positioned on a 1-acre lakefront lot, the architectural integrity, craftsmanship and scale of this Georgian 3-level home is without equal - beyond its incredible location, the home features...
MLS #: 2498361
Information not guaranteed. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. © 2023 Triangle MLS, Inc. of North Carolina. All rights reserved.Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Post a Comment