North Raleigh Real Estate | Bedford Homes for Sale
November 26th, 2007 Categories: Bedford, Buying a Home, North Raleigh
Last week I did an article on Falls River homes for sale and received lots of requests for a similar post on activity in a sister neighborhood, Bedford. So, here’s your Bedford homes for sale update.
Price appreciation is a little hard to estimate in Bedford right now because the community is so new. In 2004, there were 255 homes sold in Bedford at an average price of $286,468. Compared with the YTD home sales shown below, that looks like a $83,517 (29%) increase in average sell price, over a 3 year period. Just keep in mind that this number could be skewed somewhat simply by builders choosing to build in higher price points. That being said, Bedford seems to be appreciating at or just ahead of the Raleigh real estate market in general.
$369,985 Average Sell Price
2,747 Average Square Footage
245 YTD Home Sales in 2007
92 Average Days on Market
The price points are a little above the average for the North Raleigh real estate market; however, the product and the neighborhood are outstanding. Here’s how the current inventory breaks out.
DETACHED SINGLE FAMILY
3 Bedford homes for sale under $300,000
9 Bedford homes for sale between $300,000 – $350,000
10 Bedford homes for sale between $350,000 – $400,000
11 Bedford homes for sale between $400,000 – $450,000
6 Bedford homes for sale between $450,000 – $500,000
6 Bedford homes for sale between $500,000 – $550,000
16 Bedford homes for sale between $550,000 and $600,000
9 Bedford homes for sale between $600,000 – $700,000
14 Bedford homes for sale over $700,000
All 14 homes for sale over $700K are in the Bedford Estates section and are priced all the way up to $1 million.
TOWNHOMES
7 Bedford townhomes for sale under $200,000
4 Bedford townhomes for sale between $200,000 – $250,000
2 Bedford townhomes for sale between $250,000 – $300,000
3 Bedford townhomes for sale over $300,000
Many of the Bedford townhomes offer garages and have access to all the great amenities that make Bedford such a special place.
If you’re considering moving to Bedford in North Raleigh, and want to know more about the neighborhood, give me a call or send me an email and I’ll be glad to answer any questions you have. I can also schedule private showings of homes in this great neighborhood for you.
Great info, Bob, on Bedford homes in North Raleigh. Buyers and sellers alike will appreciate seeing that the neighborhood is appreciating as quickly or better than other local areas.
Bob - love the format of your market statistics! You offer great local information for North Raleigh!
Bob, fine job presenting statistics in a nice easy to read format.
Good information for the Raleigh area!