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Market Conditions in Chapel Hill : Real Estate Advice

  • All179
  • Local Info17
  • Home Buying66
  • Home Selling4
  • Market Conditions13

Activity 15
Tue Jul 15, 2014
Cagatay answered:
Yes, Chapel Hill High School is the closest high school.
0 votes 2 answers Share Flag
Tue May 27, 2014
Samira Vashahi asked:
This question was asked from http://www.trulia.com/rental-community/9000018392/The-Pointe-at-Chapel-Hill-100-Saluda-Ct-Chapel-Hill-NC-27514/
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Thu Jan 30, 2014
Ed Billings answered:
Nyanna,

If you have any specific questions regarding Phillips Middle School, let me know. My wife is the PTA President at Phillips.
0 votes 3 answers Share Flag
Mon Jan 20, 2014
My NC Homes Team answered:
This property is part of the Community Hometrust which administers the affordable housing program for Orange County and Chapel Hill. Buyers must qualify for this program. For more information you should contact Anita Badrock - abadrock@communityhometrust.org

Property taxes are $2221 annually.

If you do contact Anita please let her know that I referred you.
... more
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Sat Feb 2, 2013
Andrew Stults answered:
Louise: Yes, electric is very common as the heat source in Southern Village and Chapel Hill as a whole. Natural gas is not uncommon, and the most fuel efficient new systems are "dual-fuel" or "hybrid" systems that use electric heat pumps down to an outside temperature of about 40 degrees, then switch to a gas-fired furnace. With the multi-story homes in Southern Village, many will have more than one system, and you'll often find a blend of gas furnace and electric heat pump. ... more
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Fri Sep 14, 2012
Faye Kamrani answered:
Sun May 2, 2010
Tracy Santrock answered:
Land listings are syndicated from the TMLS to Trulia so your land would be listed here. Land generally takes much longer to sell than a regular sale. So, with some patience and great marketing you can sell your lot. ... more
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Sat Aug 15, 2009
Tracy Santrock answered:
In addition to Trulia.com Realtor.com provides public records on their site with recent comparables.
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Thu Aug 6, 2009
Linda Cromartie answered:
You can contact a Realtor, but the www.Trianglemls.com site has an area called Market Trends which is open to the public and all kinds of statistics.
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Thu Feb 26, 2009
Mike Hickey answered:
Hi Golfer,

What is truly interesting about the Chapel Hill maket is the lack of inventory. When I have shown homes to buyers recently we are looking at many homes that have been on the market for 200 days or more. What I find is that these homes are going through price drops rather frequently which is effecting our overall pricing.

I think many sellers are just sitting and waiting. Our supply is still under 9 months according to the most recent report form the Greater Chapel Hill Reators report.

Linda is correct and properties near the golf course are available. I have provided a link below where I see value.
... more
0 votes 3 answers Share Flag
Mon Feb 16, 2009
answered:
Dear Paul,
I am posting a link to my blog which I hope will be helpful to you and others who have the same question. Prices are up with the average list price in Chatham nearly $500,000. However, the average sold price was in the mid 300s. This trend is reflective of the increased number of new developments and new construction homes on the market. I also have a blog post about appealing your tax valuation. According to the report, homes are appreciating. http://www.mariescheuring.com/about/blog.php.

I am providing a complementary comparative market analysis to homeowners who want to appeal their tax valuation.
... more
0 votes 5 answers Share Flag
Fri Feb 13, 2009
Linda Cromartie answered:
Hello Allblue,
Builders have gone bankrupt because they have not been able to sell homes already built and had to reduce prices to try to clear out their inventory. Builders generally quit moving on the the next phase of project development...and so on and so on. Also, Builders were not able to access credit to continue building.

If a builder in bankruptcy has an inventory of homes left, you should be able to negotiate a good deal.

However, I expect most if not all builders will raise list prices this spring on pre-sales as they are moving back to list prices in line with the true cost of production, including a profit margin.

Finally, spring is the busiest time for real estate, no matter what the market conditions, and housing conditions seem to be slowly improving around the country.

That said, all real estate transactions are negotiable; it pays to have a Realtor Buyer Agent represent you even when purchasing a new home (it's amazing how many buyers do not realize this); but don't expect the kinds of bargains available until recently on new home inventory (already built) purchases.

Of course, any negotiating power increases or decreases wil the popularity of a specific area at a specific time.
... more
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Tue Apr 1, 2008
Larry Story answered:
Barbara,
Actually I would agree with Herbert. He has most of the sites you need to check and definitely look at Craigslist.org. I found my son a place off of Craigslist for when he transferred schools from Georgia to NC. ... more
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Wed Dec 12, 2007
Penny Parker answered:
I would say that the rate of appreciation over all on detached housing is better but you would also have to factor in on both accounts the area that you want to buy in and also the subdivision. You would also have to ask yourself what you want to achieve. Are you going to live in this or is this an investment property?

With that answer, there are many more questions you would need to ask to determine what type of property would best suit your needs.

I would be glad to help you as I was an investor before becoming a real estate agent. I also own two condos in Raleigh. A couple of books that have helped me in the last year are The Millionaire Real Estate Investor and The Flip Book by Gary Keller.

Good Luck!
... more
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Market Conditions in Chapel Hill Zip Codes

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