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Market Conditions in 27615 : Real Estate Advice

  • All21
  • Local Info2
  • Home Buying7
  • Home Selling5
  • Market Conditions1

Activity 27
Thu Sep 25, 2008
Wendy Norman answered:
I get a lot of info about appreciation rates from the TARR Report, a subscription-based site created by Stacey Anfindsen of Birch Appraisal Group in Cary. You can pull up the Top 20 subdivisions, the Top 30 subdivisions by area, average appreciation rate over the past 13 mos. for the subdivision you enter into the data fields, the average cost of new construction w/ similar sq ft, new construction lot values, average cost per sq ft in the area, and various quarterly market snapshots in the Triangle area (Cary, Raleigh, Durham, Orange). There are 3 counties covered in the TARR Report--Wake, Durham, and Chatham. The web address is www.tarreport.com. Depending on the company you work for, there may be access to even more data. Fonville Morisey has a section called High Value Data that lets us crunch numbers by zip code, area, subarea, etc. Centralized Showing System also has showing data reports available by price range and area. Also, there's tons of data available on TMLS' home page...you can get market reports there as well. You could also scope out articles in Triangle Business Journal or local websites. We get tons of info in our weekly sales meetings from the broker in charge, so if you're not getting enough info where you are, you may be able to get it with another company. ... more
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Tue Aug 12, 2008
Emily Medvec answered:
In the interim, think about client referrals. I have closed several buyers from South Florida this year and they all came to me without a Realtor referral. Hopefully by using this additional option you can stabilize your own finances in this transition. I used to live in Washington, DC and relocated here to Santa Fe nearly 15 years ago. If any members of your sphere want to relocate here, kindly email me at emedvec@prusantafe.com. I do deliver on referrals. And when you get to Raleigh, let me know your contact info. Good luck and much success. Emily Medvec ... more
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Wed Jun 25, 2008
Lizete Santos answered:
Hi Linda,

What is his price range? Let me know what his requirements are & I can send you what is currently available.

Regards,
Lizete
0 votes 3 answers Share Flag
Sun May 3, 2009
Larry Story answered:
Greg,
You can check out Craigslist.org and I know there are some good agents from Raleigh that answer on this site. Some them I believe even have rentals. You will need to tell them what you need as far as bedrooms/bathrooms. Then of course if you have any preference to location that really helps. The Raleigh triangle area is a great area.

Good luck
Larry Story
Coldwell Banker Triad
... more
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Wed Mar 12, 2008
Penny Parker answered:
Lanette,

I just checked the MLS and there is a 4 bedroom/ 4 bath in Lake Park Condominiums. Each bedroom rents for $325.00.

Let me know if you would like more information. There are a few other options that may also work for you. ... more
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Wed Aug 13, 2008
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. ... more
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Thu May 19, 2011
Dena Parker Williams answered:
I am not in your area, but a general rule of thumb is that basement square footage is about 50% of the main floor price per square foot. In some cases it might go for up to 75% of the main floor price per square foot. ... more
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