Home Buying in Raleigh>Question Details

Trulia, Other/Just Looking in San Francisco, CA

What areas in Raleigh are likely to appreciate in the next 5 years?

Asked by Trulia, San Francisco, CA Fri Mar 9, 2012

What potential local factors could contribute to this appreciation?

Note: Trulia Question of the Day is popular question being discussed in local markets. We'll featured best answers in consumer monthly digest.

Help the community by answering this question:

Answers

8
Based on my observations and experiences in my 12 years as broker/realtor and 7 years prior as real estate investor, I tbelieve that the housing market areas in Raleigh that would most likely continue to appreciate are the following: North Raleigh, Northwest Raleigh, Southwest Raleigh and West Raleigh and the areas inside the beltline. The factors affecting to the appreciation are attributed currently to the great public schools, proximity to the Research Triangle Park, RDU International Airport, easy access to the major highways like 1-40 1-540, & 1-440, shopping/sports/entertainment centers. And of course a low crime rate. I would also say that the occupants in these areas earned some of the highest per capita income in Wake County. And this could translate to being more stable communities. You may need to visit some realtor's website and go the Neighborhood link to get more insights of the area. . Welcome to Raleigh!! Good luck.
2 votes Thank Flag Link Fri Mar 9, 2012
I agree with Nila.

North Hills in Raleigh is hot right now. Multiple offers on small houses. Any home under $130K and on .4 ac lots or larger are sold as soon as they hit the market. Why? A few builders coming in to buy the lot/ home and tear the home down and build a $6-700K home in its place.

Inside the belt line, capital blvd west to Lake Boon Trail area is very hot. With prices creeping back up to the million dollar mark on many homes. Main factor: Its INSIDE THE BELTLINE, that is all that needs to be said.

Heritage Wake Forest is always a good buy. and two more subdivision with several hundred lots with new construction coming on the market later this year and early next year.

Cary and Apex are always good buys. Fuquay-Varina and Holly Springs are even more accessible with NC540 open now.

Another place I expect to see prices appreciate is Louisburg. When the new 401 Rolesville by-pass is finished in two years will make Louisburg very easy to get to and from.

This all said, if you’re buying a home solely on appreciation potential, that may be the wrong reason to buy that home. If your an investor and make your valuations on appreciation, again that is the wrong valuation model to use.

Buy a Home that Fits your family, fits your life style, and good location reletave to your work and life style.


Good Luck and happy house hunting.

Tom

Allen Tate Realty
919-434-4100
1 vote Thank Flag Link Tue Apr 17, 2012
I am not sure you are focusing on only Raleigh, but since you are from California, I am going to assume you mean the "greater Raleigh" area. Within greater Raleigh, we are seeing some of the best appreciation recovery in single family homes in Apex near the new 540 access as well as in the areas of North Raleigh bordering on and encroaching into Wake Forest, also at the new 540 access areas, both of which also boast great schools, fast and furious commercial development including malls, medical buildings and office space, but which include planned neighborhoods with a lovely, quiet rural feel, often with pools, clubhouses and park-like areas. There had been some budget delays in getting those portions of 540, a planned major thoroughfare circling around Raleigh, underway, but now that they are complete, the growth in those areas is unstoppable. Please let me know how I can help!
1 vote Thank Flag Link Fri Mar 9, 2012
The most likely local factors that will contribute to this appreciation is that there is high demand for convenience to shopping, great restaurants, great schools, proximity to 3 large universities, and great neighborhoods.
0 votes Thank Flag Link Sun Sep 16, 2012
Most of the triangle area will be likely to appreciate in the next 5 years. The areas that will see the most appreciation are: Inside the Beltline, west Raleigh, north Raleigh, Midtown, and Wake Forest.
0 votes Thank Flag Link Sun Sep 16, 2012
Inside the Beltline (ITB) and North Raleigh -- from North Hills to Wake Forest. Next stop: Farnklin County, which will benefit from the inevitable "overflow" from Wake County.

The homebuilders association just released new data showing a dramatic rise in building permits. The rise was 26% for Raliegh, but much higher in selected pockets of pending prosperity, such as Rolesville, with a rise of 218%. Rolesville benefits from the 4-laning of highway 401. The next phase is the by-pass around Rolesville, which will bring Louisburg (in Franklin County) into comfortable commuting range.

The overall increase in building permits portends a profoundly positive effect on the entire market. New construction has been very slow for several years. Now that it is regaining momentum, lots of construction workers will be will be going back to work, causing the unemployment rate to drop further. Raleigh is already at the top of many lists for growth and qualtiy of life. Add in a strong job market and falling unemployment, and you have a formula for further appreciaition.
0 votes Thank Flag Link Mon Sep 10, 2012
All of them. Some areas more than others.
Web Reference: http://mariescheuring.com
0 votes Thank Flag Link Sun Mar 11, 2012
The area has not been as affected by the national downturn in housing due to 3 factors. The area has a rich higher education tradition with the University of NC- Chapel Hill, NC State University, NC Central University, Meridith College, Peace College, Shaw University and others. It also has major hospital systems with UNC, Duke and Wake Med. Research Triangle Park (RTP) provides a unique business environment. All 3 contribute to relocation and stimulation of the housing market.

It was also designated the best place to live in 2011. Based on metrics like school performance, green space, and cultural amenities, Raleigh, N.C., ranks No. 1 in Businessweek.com’s first Best Cities ranking.

People are moving to the Raleigh area. Let me know if you would like more information.

Joanne
0 votes Thank Flag Link Fri Mar 9, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer