Monday, February 24, 2014

Sold Home Data for Hayes Barton Neighborhood

Sold Home Data for Hayes Barton Neighborhood

How to Determine the Value of a Home in Hayes Barton

Hayes Baton is one of the more desirable neighborhoods located Inside the Beltline of Raleigh. Homes is this neighborhood range from historic homes of the early 1900's all the way up to newer construction. Some homes have been remodeled over the years to maintain their historic charm and some have been completely rebuilt. This is common in many of downtown Raleigh's historic neighborhoods Inside the Beltline.

In 2013, there were 19 closed sales in the Hayes Barton Neighborhood. The average price per square foot in this neighborhood in 2013 was $219. In older, established communities like this with a wide variety of age, condition, location and other subjective factors to consider, price per square foot is a factor, but not necessarily a good indicator for pricing. The average sales price for 2013, of the 19 closed sales was $553,211 - however the high sale was $955,000 and the low sale was $175,000.

Other interesting sales data for 2013 in Hayes Barton are the average Days on Market of 76 days (with 2 being the low and 272 being the high) and the average List to Sales price ratio was 97%. Both are indicators of strong desirability for this area.

If you would like to request a complete CMA (Comparative Market Analysis) with all the the detailed data, just fill out this quick form and we'll get it right to you.


Monday, February 17, 2014

Cary, NC - Small Town Living Near Raleigh

Cary, NC - Small Town Living Near Raleigh

City Conveniences without the Hustle & Bustle

The Town of Cary is a community adjacent to Raleigh, NC and just minutes from downtown Raleigh. If you are considering a move to Raleigh and you are looking for more of a family friendly, small town feel, consider taking a look at Cary.

Years back it was considered somewhat of a rural small town, but with urban sprawl and the growth of the RTP (Research Triangle Park) Cary and Raleigh are now fused together into a larger Metro area of Raleigh.

Cary does still retain some of its small town charm with its quaint downtown area and historic homes. You can even still have an ice cream at the soda fountain counter at Ashworth Drugs. There are also several events downtown that give it true southern small town charm.

What was once the original school for Cary has recently been transformed into the Cary Arts Center where residents can partake in a wide variety of educational programming for young and young at heart.

The Town of Cary Park and Recreation Department has an excellent reputation in the area for providing residents well maintained parks, walking trails and plenty of activities. The Town itself is well run and helps to create the atmosphere that is unlike any other town in the area. Cary has made many lists over the years as a great place to live. It is very clean, safe and the schools are top in the area. Cary home prices on average can be higher than similar homes in other areas of the Triangle, but are still comparatively a great value when you look at other major metro areas. For the quality of life, convenience to major amenities and excellent schools, Cary is a great choice.

Cary is also a wonderful place to enjoy year round outdoor activities. The Cary Greenway System maintained by the Town of Cary meanders through open space and through neighborhoods around town offering the biker, jogger or stroller pusher many options for exercise. There are numerous golf courses around town, both private and public. many communities have swimming pools and there are also a wide variety of private swim and tennis clubs to join. Parks, picnic areas and playgrounds are also abundant in every area of town. Cary is a very welcoming and friendly southern town. The perfect place to call home.

Maynard Road is considered the inside loop of Cary and Cary Parkway is the outer loop, although it does not make a complete loop and is the mainly in South to West part of the town. The road system is well maintained and there is little congestion with the exception of peak commute times. There are four Zip Codes that serve the Town of Cary.

In the 27511 Zip Code of Cary you will find many of the older original neighborhoods surrounding downtown and spreading SE towards US1 and along Kildaire Farm Road. Popular neighborhoods in this area include Farmington Woods, Maynard Oaks, Tanglewood, Greenwood Forest, MacGregor Downs, Wimbledon and other smaller neighborhoods and town home communities. This area is very convenient to major retail areas of Cary including Cary Towne Center Mall, Crossroads Plaza, Trader Joes and Whole Foods. The Hospital is also located close by. This area of town also offers easy access to downtown Raleigh via US1 and Hwy 40.

The 27513 Zip Code of Cary is located in the Eastern part of the town as development spread towards the RTP area bordering Morrisville. Popular neighborhoods in the area include Cary Park, Wedgewood, Weston, Preston, Weatherstone and others. Most of the new developments and master planned type communities in Cary are located in this part of town, along with more established older neighborhoods closer to downtown Cary. There are plenty of major retail and restaurant options in this area including a new Super Target development and Movie Theater. Its close proximity to RTP and excellent schools makes it very desirable for families.

The 27518 Zip Code of Cary comprises the Southern part of town along the US1 corridor bordering Holly Springs along south Kildaire Farm Rd. Popular neighborhoods in this area include Lochmere, Highlands, Regency Park, Glenridge, and others. This area of town features larger homes in established neighborhoods. Although it feels like a somewhat rural setting, it's actually very convenient to Raleigh via US1. Nearby shopping includes Whole Foods, Harris Teeter and Waverly Place. The Hospital is also nearby.

The 27519 Zip Code of Cary is located on the South West side of town bordering Apex along HWY 64 and the new 540 Extension. The are also many newer developments in this area along with more established but relatively newer communities. Great schools and a semi-rural feeling combined with easy access to RTP makes this area another favorite for families. Popular neighborhoods include Highcroft, Harmony, Brookstone, Tatton Place, Deveraux, Amberly, Caroline Preserve, and others.

No matter which area of Cary you choose, it's really hard to go wrong. Depending on your desired lifestyle and your need for schools, commute factor and price point you may like some areas better than others.

We would welcome the opportunity to answer any questions you may have about the area and show you around. Just give us a call.

Wednesday, February 12, 2014

Downtown Raleigh Home Buyer Information

Downtown Raleigh Home Buyer Information

5 Tips for Finding Your Next Home in a Competitive Market

Are you looking for your next home in Downtown Raleigh?

The Raleigh real estate market is heating up! Homes Inside the Beltline have always been a hot commodity, but now more than ever they are in demand. With the revitalization of downtown Raleigh in recent years and many more future development plans in the works, more people want to live and work downtown. Homes in Downtown Raleigh Neighborhoods and Downtown Raleigh Condos are being snapped up.

As a Buyer, it can be very intimidating competing for properties. The last thing you want is to feel pressured by multiple offers or just "settle" on a house because you felt like that's all you could get.

Here are 5 Tips for finding the perfect home in a competitive market.

1. Work with an Agent Experienced in Downtown Raleigh Properties
Yes, this is an obvious plug for our services, but in reality, working with a local agent with local knowledge, you will gain more insight into the inner workings of the market. Local agents also have the pulse on new properties coming available and have connections for finding properties not yet listed. A local agent can also help you when determining fair market value of a property.

2. Know the Market
The best way to feel comfortable and confident in any real estate decision you make is to be informed and educated. Your Realtor can send you sales comparables of homes that have sold over the past year. Don't rely on Zillow or Trulia! Those numbers are aggregated from a variety of sources and are often skewed. It's good to add that to your resources, but be advised to not assume the numbers and listings are accurate. Even if you aren't ready to buy right now, take the opportunity to look at new listings so you can get a good feel of the value of properties. Price per square foot isn't the only indicator of value. There are many other subjective factors, like location and condition for example. Start working with an Agent now. Tell them that you aren't ready to buy yet, but you need their help in learning about the market. But when you are ready to buy, use them since they invested time in you. Buyer Services are free. The Buyer Agent is paid at the close of the sale by the listing broker.

3. Talk to a Lender
Even if you aren't thinking about buying for a year or so, you can still talk to a lender now. They can pull your credit report and assess your current financial situation and give you a game plan going forward. You might have issues on your credit or debt to income ratio that you weren't aware of. Or you might qualify for more or less than what you had in mind. Having this knowledge ahead of time can help you develop a more solid plan. Also, if you are ready to make an offer when the right place comes available - you need to be armed with a pre-approval from a lender. If you find yourself in a multiple offer situation, the best offer wins. And if you haven't even talked to a lender, you probably won't even be considered - unless you are paying cash of course.

4. Read the Local News
Follow the Triangle Business Journal, The News & Observer and our Blogs to stay current on local happenings. New employers or hiring announcements, openings and closing of businesses and commercial real estate projects play a role in the local residential housing market. Anticipating future demand based on upcoming changes could put you ahead of the curve.

5. Be Prepared and Ready
If you are ready to buy now and want to avoid multiple offer situations and losing out on your dream home, get yourself in a position to make an offer fast. Focusing on all of the tips above, plus making yourself available to see properties as soon as they come on the market will ensure you are in the best possible position to make an offer. Work with an Agent who is also committed to alerting you to new listings before or as soon as they come on the market and an Agent who will show you homes when you need to see them.

If we can help you in your home search, Contact Us today for a no-obligation consultation.

Tuesday, February 4, 2014

Hayes Barton - Downtown Raleigh Neighborhood

Hayes Barton - Downtown Raleigh Neighborhood

Historic Homes, Tree-Lines Streets and Close to Downtown Raleigh

The Hayes Barton neighborhood, part of the Five Points area including Bloomsbury, Vanguard Park , Georgetown and Roanoke Park, was part of a 1920′s era master planned community in downtown Raleigh. Once considered a suburb of Raleigh in the 20′s, strangely enough it is now considered a downtown neighborhood. Oh what modern transportation can do for closing distances!

Considered one of Raleigh’s prestigious neighborhoods, homes in Hayes Barton embody true Southern grace and style.  Stately traditional homes and gorgeous 1920′s bungalows in a wide range of sizes and prices are available.  Homes in this desirable neighborhood don’t last long on the market.

Five Points is the retail area adjacent to Hayes Barton. Trendy shops and cool restaurants mixed with long standing establishments like the Hayes Barton Pharmacy and the Five Points Barber Shop define this unique part of town. The Hayes Barton Cafe is a local favorite serving fresh baked desserts and homemade creations using locally sourced products. They even grow many of their own veggies.

See All Homes for Sale in the Hayes Barton Neighborhood

Your search found these homes.

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  • 924 Vance Street

    Raleigh, NC 27608-2348

    $2,200,000

    • 5 
    • 7 
    • 6526 
    •  Active
    •  1920261
    MAGNIFICENT CITY ESTATE surrounded by lush gardens & walkways, nestled in the heart of Hayes Barton. Designed by William Dodge Architect, this superla...
    Listing courtesy of Berkshire Hathaway HomeServices YSUTRIANGLE
  • Featured picture for the property 1886040View PhotosFORECLOSURE

    847 Holt Drive

    Raleigh, NC 27608

    $2,164,900

    • 5 
    • 8 
    • 9348 
    •  Active
    •  1886040
    One of the finest homes Inside The Beltline! Awesome first impression, open the mahogany front door to the curved staircase. Gourmet kitchen w/ restau...
    Listing courtesy of Re/Max UnitedTRIANGLE
  • 920 Williamson Drive

    Raleigh, NC 27608-2308

    $1,725,000

    • 3 
    • 5 
    • 4025 
    •  Active
    •  1906018
    One-of-a-kind contemporary nestled in a park-like setting (price includes extra lot / total 1.2 acres) - originally built in 1954, the home was meticu...
    Listing courtesy of Berkshire Hathaway HomeServices YSUTRIANGLE
  • 1804 Mcdonald Lane

    Raleigh, NC 27608

    $999,000

    • 5 
    • 4 
    • 4361 
    •  Active
    •  1914082
    Completely Renovated and addition built in 2005 absolutely gorgeous throughout. Kitchen has solid cherry cabinets, Wolf appl, granite countertps, win...
    Listing courtesy of Fonville Morisey/Inside the Beltline OfficeTRIANGLE
  • 912 Williamson Drive

    Raleigh, NC 27608

    $995,000

    • 3 
    • 3 
    • 2551 
    •  Active
    •  1933636
    Award-winning modernist home in elite Hayes Barton. 10' ceilings in living area; master suite with his and hers dressing/baths. Sylvan setting on one...
    Listing courtesy of Sewell Realty GroupTRIANGLE
  • 2405 Fairview Road

    Raleigh, NC 27608

    $699,900

    • 5 
    • 4 
    • 3399 
    •  Active
    •  1935525
    City Living at its Best! Desirable Hayes Barton Classic with all the charm and character. An easy walk to the shops & restaurants of Five Points. Love...
    Listing courtesy of Re/Max Preferred AssociatesTRIANGLE
  • 2125 Cowper Drive

    Raleigh, NC 27608

    $599,900

    • 4 
    • 3 
    • 3250 
    •  Active
    •  1925310
    GORGEOUS LOW COUNTRY HOUSE ITB ON .33 ACRE PRIVATE LOT. CHARM OF 1930'S LOOK AND FEELS LIKE NEW! FRESHLY PAINTED INTERIOR & EXTERIOR, REFINISHED HAR...
    Listing courtesy of Berkshire Hathaway HomeServices YSUTRIANGLE
  • 1803 Arlington Street

    Raleigh, NC 27608

    $599,500

    • 4 
    • 3 
    • 2826 
    •  Active
    •  1933847
    FABULOUS HAYES BARTON RENOVATION!CHARMING OLDER HOME W/TODAY'S LUXURIES.COOK'S KITC W/CUSTOM GLAZED CABS,GRANITE,STAINLESS APS INC RANGE,BOSCH DISHWAS...
    Listing courtesy of Berkshire Hathaway HomeServices YSUTRIANGLE
  • 2116 Cowper Drive

    Raleigh, NC 27608

    $425,000

    • 4 
    • 2 
    • 1704 
    •  Active
    •  1928437
    CLASSIC 1926 HAYES BARTON 2-STORY. 60 X 193 PRIVATE LOT. THIS VERY ATTRACTIVE HOUSE HAS HARDWOOD FLOORS THROUGHOUT, FORMAL DINING ROOM, SUNROOM HAS BE...
    Listing courtesy of Berkshire Hathaway HomeServices YSUTRIANGLE
  • 1209 Williamson Drive

    Raleigh, NC 27608

    $349,000

    • 4 
    • 2 
    • 1631 
    •  Active
    •  1900222
    WONDERFUL OPPORTUNITY TO RENOVATE THIS CHARMING CAPE COD HOME IN HAYES BARTON. Home needs full renovation, but owner will consider all offers presente...
    Listing courtesy of Berkshire Hathaway HomeServices YSUTRIANGLE