Archive for the 'Inside the Beltline' Category
Raleigh Gets Trader Joe’s
November 21st, 2007 Categories: Inside the Beltline, North Raleigh, Why Move to Raleigh?
Finally, clients relocating to Raleigh won’t have to give up their weekly trips to Trader Joe’s! It’s been rumored for months, but now it’s official. Trader Joe’s is opening a store in Raleigh. The specialty grocer has confirmed that it will open the Raleigh store in Holly Park shopping center, which is located on Wake Forest Road near I-440.
All the company is saying right now is that the store will be approximately 12,000 square feet and will open by 2009. I’m sure many of the loyal Trader Joe’s fans who have moved here from other parts of the country they served will be pleased when the store opens. I hope they hurry!
This will actually be the third Trader Joe’s location in the Triangle area. I think this says good things about our area! There is also a store in Cary and one in Chapel Hill. I personally don’t live close enough to the Cary location to make it a regular stop for day-to-day shopping, but the time or two that I have stopped in, I was quite impressed. The store was full of great foods, many of which cannot be found in the more traditional grocery store.
Trader Joe’s is regarded as an upscale grocer and this should be really good for the Holly Park shopping center. The strip style shopping center has languished for years without any big draw names. Trader Joe’s could change that. And it doesn’t hurt that the shopping center was purchased a few months ago by Lat Purser & Associates who has plans to give the center a much needed overhaul.
The renovated shopping center could easily serve home owners from Raleigh’s Inside the Beltline area and Midtown neighborhoods. Any comments from readers in cities where Trader Joe’s is located?
| Discussion: 5 Comments »
Raleigh Homes for Sale - Monday Morning Update
September 17th, 2007 Categories: Inside the Beltline, North Raleigh, Real Estate Market Trends
Good Monday morning everyone! Here’s your weekly market stats for Raleigh homes for sale.
There’s still lots of good inventory out there. And interest rates remain very good with an anticipated rate cut likely to result from the Federal Reserve FOMC meeting this Tuesday. This remains a very good time for buyers to purchase a wonderful home AND participate in a healthy real estate market with very good return on investment.
I’ve had several requests for sales data that shown price trends, so I came up with a chart that illustrates the increase in average sell price over the past 24 months. Here’s the chart that contains the data for homes sold in Raleigh, North Raleigh and Inside the Beltline.
Keep in mind that this is NOT resale appreciation. At least not exactly. This data contains information on new construction homes which is currently about 1/3 of the Raleigh real estate market. New construction data can skew the results simply because builders choose to build more or less expensive homes. In our market they are choosing more expensive, over time. Which is kind of what you would expect in a healthy market.
This does, however, give us a clear indication that prices are increasing at a very manageable level. There are no indications that this trend will end any time soon in Raleigh.
It’s a great time to sell because you can realize a very good profit based on the price you likely paid just a few years ago.
It’s a great time to buy because waiting will likely mean you will pay a good 6–7% more twelve months from now. And purchasing now gets you in the game at a very good time to benefit from future appreciation.
If you would like to discuss what these numbers mean for your planned purchase or sale of a home in the Raleigh area, give me a call, or email me and I will be happy to to discuss this with you personally.
Have a great week and be sure to check back often for stories about various neighborhoods and a great new feature that will be added to the site this week. I will have an event calendar up soon that will allow you to search for fun things to do here in the Raleigh area. As always, your feedback is welcome!
| Discussion: 1 Comment »
Raleigh Homes for Sale - Monday Morning Update
September 10th, 2007 Categories: Inside the Beltline, North Raleigh, Real Estate Market Trends
Good Monday Morning! Here’s your weekly real estate market stats including all Raleigh homes for sale as well as a look at North Raleigh and Inside the Beltline.
Not much change from last week. As I’ve mentioned before, week to week variations don’t have much meaning. As time goes on and we get a little history behind us with this weekly article, I’ll make some more meaningful comparisons to the stats from months and years past.
I’ll even see if I can dig up some historical data by the time I post next week’s update so that all of you can start to look at these numbers in a more meaningful context.
Coming up this week at Raleigh Real Estate Talk are articles on two really great North Raleigh neighborhoods. Bedford, an award winning neo classical neighborhood with opportunities in all price ranges, and Hassentree, a high end luxury home community with a Tom Fazio designed private golf course.
I’ve also got some ideas for home buying and home selling how-to series that will probably end up being published as guides that you can download whenever you are planning to buy or sell a home in the Raleigh area.
Also be sure to look for a weekly article about what’s going on in the area that will be published on Fridays. Part of this will be a community calendar that you access to check out fun things for you and your family to do. This will be perfect for folks relocating to Raleigh and wanting to explore the local scene.
Have a great Monday and check back soon… it looks like a very busy week ahead!
| Discussion: No Comments »
Raleigh Homes for Sale - Monday Morning Update
September 4th, 2007 Categories: Inside the Beltline, North Raleigh, Real Estate Market Trends
Okay, technically it’s Tuesday because of the Labor Day Holiday, but better late than never. Here is the real estate market snapshot for Raleigh.
This will be posted every Monday morning for all you statistic addicts 
The sample time intervals are way too small to see any trends when we look at stats weekly, so don’t get too excited about price increases or decreases. The goal is to make sure this data is available to everyone buying or selling a home in Raleigh who reads this blog without too much scrolling. Comments and suggestions are welcomed.
| Discussion: 1 Comment »
Raleigh Home Values Inside the Beltline on Steady Incline
August 30th, 2007 Categories: Inside the Beltline, Real Estate Market Trends
Thinking about buying a home in Raleigh that will also be a great investment? Home values in Raleigh’s Inside the Beltline area have proved to be a great investment over time. Based on these numbers, it doesn’t take that much time to see a return either!
Anyone looking for a Raleigh home for sale knows that Inside the Beltline is the cream of the crop when it comes to location and character. Huge oak trees that are hundreds of years old. Classic homes from the ‘30s and ‘40s. And a location for which Raleigh home buyers have consistently demonstrated a vivacious appetite.
Over the past two years, the average resale price for a detached, single family home has increased 13.6%! This is during a time when high end residential real estate in much of the country has declined in price.
In Q3 of 2005 the average sell price was $356,357. It had reached $404,766 by the end of the most recent quarter of 2007. That’s a $48,409 increase.
What do you get in this prime downtown Raleigh location for $400K? The average square feet at that price is 2027. That’s right at $200 per square feet.
Inside the Beltline is Raleigh’s premier address and some of the most coveted neighborhoods create a place you will not find anywhere else in our market.
In the coming weeks I will be doing some feature articles on some of these neighborhoods. Leave your suggestions in the comments section below.
| Discussion: No Comments »
