Garrett Rock

I'm a:	Real Estate Professional
Company:	Northside Realty
Location:	Raleigh
Web sites:	RaleighHouseHunting.com

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About Me

I'm a real estate broker with Legacy Real Estate Properties in Raleigh NC. I enjoy working with first time home buyers and specialize in marketing properties in Raleigh and the surrounding areas. I don't believe in high pressure sales tactics instead I prefer to act more as an advisor and consultant, to make sure you well informed and comfortable throughout the process.

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South Raleigh Purchases

Asked Sun Oct 7 2007, 07:29 by Dan - Raleigh - Market Conditions - 2 answers

Garrett Rock answered:

You're correct in your observation that in general South Raleigh is more affordable than other surrounding areas. There are a couple of factors behind this: South Raleigh is farther away from the major employment center in this area, which is RTP. The area historically has a higher rate of rentals when compared to other parts of the city. It also hasn't had the price surge that comes with a new highway since I-540 hasn't reached the area yet. But the area has multiple new developments going in, and downtown revitalization is bringing more jobs back to downtown. With the city's tremendous growth as a whole, it's worth considering South Raleigh. Just make sure you investigate past appreciation rates, school ratings, percentage of rentals, and crime rates, which you should before making a purchase anywhere. - Sun Oct 7 2007, 08:52

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