Larry Pulley's (rtphomes) Blog

Home sales in the 3 main counties making up the Research Triangle Park area of NC were up 7.9% in the first quarter of 2010 when compared to 1st quarter 2009. The average sales price dropped 3.7%, however, from $237,900 to $229,000. Sales were up 13.7% in Orange County, 9.7% in Durham County and...

Closed home sales in the first quarter of 2010 were up 13.7% over the same period in 2009. Home showings were also up for the quarter with an increase of 17.4% versus first quarter 2009. The average sales price of homes in Orange County for the quarter was $349,290, down 19.8% from 2009. The medi...

Closed sales in the first quarter of 2010 were up 9.7% from the same period in 2009. This trend continued into April and May as sales were up 13.8% in April and 14.8% in May respectively over the same months in 2009. Showings in Durham County were down 33% in May, however, as buyers rushed to co...

The real estate market in Chapel Hill and Orange County showed dramatic improvement in the fourth quarter with sales up 46.1% when compared to 2008. Much of this increase is attributable to the federal first time homeowner tax credit which was scheduled to expire November 30 before Congress exten...

The Durham, NC residential real estate market showed signs of recovery in the 4th quarter of 2009 after experiencing significant declines over the past two years. Homes sales in Durham County were up 27.8% for the quarter after showing period over period declines in each quarter beginning the sec...

Home sales in the Research Triangle Park area of NC rose 19,5% in the 4th quarter, but finished the year down 14.6% when compared to 2008. Fourth quarter home sales were stimulated by the federal first time homebuyer tax credits which were set to expire at the end of November before being extende...

 The one subset of people short changed in the first time homebuyer tax credit are newlyweds where one spouse currently owns a home.  If the couple wants to purchase a new home jointly, either because they will reside in the area where the non homeowner lives, or will both be moving to another lo...

The time tested real estate axiom is location, location, location. That's one of the great selling points for living in the Woodcroft and other nearby SW Durham neighborhoods.  With easy access to major job centers at Research Triangle Park, Duke University and UNC-Chapel Hill, plus easily access...

                                                     The neighborhood with the most home sales in Durham in 2009 YTD is Hope Valley Farms, located between Hope Valley Road and Fayetteville Road in SW Durham.   Year to date through October 2009 there have been 108 closed sales.  The average sales ...

Another popular neighborhood in SW Durham in North Carolina is Woodlake, which is just across Fayetteville Road from Woodcroft about which I've written previously.  Like Woodcroft, the Woodlake community has a variety of home styles ranging from small single family detached homes of around 1200 s...