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.