Home Buying in 27601>Question Details

Joe, Home Buyer in 27612

Anyone have any thoughts on the Oakwood area just outside downtown Raleigh?

Asked by Joe, 27612 Thu Aug 28, 2008

I'm thinking of purchasing a small home just a couple blocks outside the historic district. Some people I've talked to warn that this is not a good neighborhood. Looks to me to be in the midst of a complete revitalization. Is it safe???

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5
Joe,

No matter what you do, there will always be someone with something negative to say. I no longer live in Raleigh, but during 18 years I was there I lived downtown (in Mordecai, walking distance to Oakwood) and in NW Raleigh near Millbrook and Glenwood. I noticed your current ZIP Code is 27612.

Is being downtown important to you? One of the advantages to living close to downtown is that I could be ANYWHERE in 15 minutes. If your work, and free time activities revolve around downtown, then you may be happier living in one of those neighborhoods, even if you need to install a security system.

NW Raleigh does offer plenty of convenience for those working in RTP OR downtown, and you will get more house for your money, so instead of the "small house" you are looking at, you might end up with a garage or a pool in another location. It all comes down to what makes YOU happy.

Best of luck!
Barry Dunn
Keller Williams Realty Professionals
Fort Lauderdale, FL 33308
0 votes Thank Flag Link Sun Sep 21, 2008
Life downtown is what it is. Like Roger's answer, Oakwood has a lot to offer and LNR's redevelopment project in swing, more is coming. Blount Street Commons will bring significantly more traffice to the area along with condos, townhomes, renovated and restored homes new retail space.

The approach I recommend is to look at the price you plan to spend and see where that will put you. Then consider where the growth is and what it will offer you. The right decision will be one you will enjoy and likely appreciate nicely when Blount Street Commons moves toward completion.
0 votes Thank Flag Link Fri Sep 19, 2008
The Oakwood area is a great revitalized area.We have 5 client living and invsting in that area and have 2 current listings in that area.There is a great dog park for the community and the schools are good as well as it is convenient to downtown and the I-440.We would love to discuss your concerns with you in person.Please contact either Ann or myself.
Regards Roger Kenney
0 votes Thank Flag Link Thu Aug 28, 2008
The current appreciation rate over the past 13 months in historic Oakwood, according to the TARR Report, is 7.82% and the average price per square foot of all homes that have sold in the past 13 monthsis around $157 (this would change with a more detailed market analysis that compares homes with more similar square footage, age, etc.). Downtown Raleigh is definitely being revitalized to cater more toward the residential population. Crime can happen anywhere, anytime, so prevention and being aware of your surroundings is always a good idea.

There are some sites where you can investigate the NC Sex Offender Registry and crime stats for an area. You can also call the precinct that patrols the area for updated information. http://www.helloraleigh.com/crime.cfm ;

In addition, there's a more useful link on the Wake Gov.com website where you can click on iMaps and pull up crime stats in the area...just click to zoom in (you can choose to have the Raleigh Crime Stats layer put onto the map from the drop down box below the map itself). http://imaps.co.wake.nc.us/imaps/main.htm?msize=525. Hope that helps!

If you don't already have a buyer's agent, I'd love to help you with your search. You can search for homes on my website or shoot me an email via the website at http://www.wendynormanonline.com.

Have a wonderful day!

Wendy
0 votes Thank Flag Link Thu Aug 28, 2008
Joe,

Here's an interesting site for crime rates and other statistics for various areas.

http://www.homesandland.com/NeighborhoodProfile.cfm?City=Ral…

However, I believe this shows a 7 year period, so may not be reflective of recent changes in the area.
Web Reference: http://www.StantonHomes.com
0 votes Thank Flag Link Thu Aug 28, 2008
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