THE
COOKE REPORT
SPRING / SUMMER 2015
A LOCAL REAL ESTATE MARKET UPDATE
2
Dear Reader, Thank you for taking the time to read our latest magazine. We hope that you will find it enjoyable and informative. Since no market . . . whether strong or weak . . . is stagnant, following the changes and fluctuations can be fascinating. It can help us all see trends and face the market with greater confidence.
In each issue we feature a local attraction. They have included the Morehead Planetarium, the NC Museum of Art, the American Tobacco Warehouse District, the Duke Lemur Center, and the Museum of Life and Science in Durham. In this magazine we selected the NC Museum of Natural Science. At some point we will be combining all of the articles in a booklet of area attractions. It will be posted on our website.
Cooke Property has enjoyed a fantastic 2015 with sales volume of almost $17 million in less than half a year. As you will see in the magazine, we have fantastic listings that span a wide price range. We couldn't be more delighted. We owe that success to our clients and customers, those who have trusted us with their most valuable asset . . . their home.
Lucia, Cecil and Allison If you would like to be removed from our mailing list, please let me know by email at: luciacooke@gmail.com.
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4
First Quarter 2015 Overview Orange County Inventory: Traffic: Pending Sales: Closed Sales: Supply: Re-Sale Market: Chapel Hill: Durham County Inventory: Traffic: Pending Sales: Closed Sales: Supply: Chatham County Inventory: Traffic: Pending Sales: Closed Sales: Supply: Pricing:
As compared to first quarter 2014, the number of active listings has remained the same. Of all active listings at the end of the first quarter, 32% had dropped their price at least once. The average price drop was 7%. Homes with no price drop sold for 98% of list price. Homes with at least one price drop closed for an average of 88% of the original list price. There was a 13% increase in showings as compared to the first quarter 2014. There was an increase of 46% compared to the first quarter 2014. Year-to-date closings are up by 4% compared to the first quarter 2014. The average sales price was $313,800, slightly less than a year ago. Cash transactions accounted for 25% of the closings. The median dollar per sq ft decreased by 4% to $123. Financial concessions were listed on 61% of closed sales. Based on first quarter closings, there is an 8 month supply of housing in the county. The number of re-sale closed sales is down 12% as compared to first quarter 2014. Inside the Chapel Hill School District, closings were up 5%, the median sales price increased by 10%, and the average sales price remained the same.
As compared to first quarter 2014, the number of active listings decreased by 22%. Of all active listings at the end of the first quarter, 22% had dropped their price at least once. The average price drop was 7%. There was a 16% increase in showings as compared to the first quarter 2014. There was an increase of 30% compared to the first quarter 2014. Year-to-date closings are up by 9% compared to the first quarter 2014. The average sales price is up 1% ($208,000). Cash transactions accounted for 26% of the closings. The median sales price increased by 2%, or $100 per heated sq ft. Financial concessions were listed on 68% of the first quarter closings. Based on first quarter closings, there is a 4 month supply of housing in the county.
As compared to the first quarter 2014, the number of active listings decreased by 16%. Of all active listings at the end of the first quarter, 32% had dropped their price at least once. The average price drop was 6%. There was a 12% increase in showings as compared to the first quarter 2014. Listings with a pending or closed status increased 45% over the first quarter 2014. Quarterly-to-date closings are down by 6% compared to 2014. The average sales price increased by 9% as compared to a year ago to $355,000. The median price per sq ft of detached properties during the quarter increased 1% to $135. Financial concessions were listed on 55% of all closed properties. Based on first quarter closings, there is a 9 month supply of housing in the county. Homes that had not had a price reduction closed for 98% of list price. Homes with at least one price reduction closed for an average of 88% of list price. 5
Cary / Apex / Morrisville Inventory: As compared to 2014, the number of active listings increased by 16%. Of all active listings at the end of the first quarter, 24% had dropped their price at least once. The average price drop was 4%. Traffic: There was a 16% decrease in showings as compared to the first quarter 2014. Pending Sales: There was a decrease of 4% compared to the first quarter 2014. Closed Sales: Year-to-date closings are up by 36% compared to 2014. Transactions with financial concessions accounted for 57% of all closings. Supply: Based on first quarter closings, there is a 2 month supply of housing in the areas. New Construction: First quarter 2015 building permits were down 12% as compared to the first quarter 2014.
Wake County Inventory: Traffic: Pending Sales: Closed Sales: Supply:
As compared to 2014, the number of active listings decreased by 17%. 31% of all Sellers have dropped their price at least once. There was no difference in showings as compared to the first quarter 2014. There was an increase of 30% compared to the first quarter 2014. Year-to-date closings are up by 20% compared to 2014. The average sales price increased by 5%. 68% of all properties closed had some Seller paid financial concessions. Based on first quarter closings, there is a 2 month supply of housing in the county.
Luxury Homes
Priced at $500,000 and above
Inventory: As compared to 2014, the number of active listings increased by 2%. Of all active listings at the end of the first quarter, 29% had dropped their price at least once. The average price drop was 6%. 31% of all luxury listings failed to sell during their listing period. Traffic: There was a 21% increase in showings as compared to the first quarter 2014, with most showings below the $800K range. Pending Sales: There was an increase of 39% compared to the first quarter 2014. Closed Sales: Year-to-date closings are up by 7% compared to 2014. Quarterly closings where the original list price had not been changed closed at 99% of list price. Quarterly closings that had at least one price reduction closed at 92% of list price. The number of sales prices at $1 million plus decreased by 24%. The luxury segment between $500K and $800K is much stronger than homes priced higher. Supply: Based on first quarter closings, there is an 11 month supply of luxury housing in the Triangle Area.
6
Market Report All data is from Triangle MLS. The search periods were as follows:
PAST 5/1/2013 to 5/1/2014
RECENT 5/1/2014 to 5/1/2015
Absorption rate is derived by dividing the active listings by the average number of sales per month in each price category. 7
$500,000 - $599,999
$600,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$400,000 - $499,999
$300,000 - $399,999
less than $100,000
$100,000 - $199,999
$200,000 - $299,999
Price Range
0 1 0 0
0 0
0 0
1 0
0 0
0 157 140 0
0 0
0 0
183 0
New Construction Single Family
Number of Sales recent past Dollar per Sq Ft
recent past
0 0 0 1 0 0 0 2 0 0 0 0
0 0
198 0
0 0
New Construction Townhome and Condominium
Number of Sales Dollar per Sq Ft
recent past recent past
1 1 0 2 2 5 0 1 0 1 2 0 8 16 16 10 3 3 0 0 166 91 0 317 377 374 0 488 0 468 166 0 301 320 352 377 376 416 0 0
recent past recent past
0 0 0 0 0 0 0 0
Single Family Re-Sale less than 10 years old
Number of Sales Dollar per Sq Ft
0 0 0 0
0 1 0 206
1 4 1 2 3 0 143 172 189 147 163 0
3 2 0 0 186 235 0 0
1 3 227 195
1 1 0 1 0 2 192 189 0 168 0 216
3 0 269 0
Townhome and Condominium less than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
1 7 7 0 2 6 8 1 128 144 188 0 136 136 147 243
6 4 3 4 260 308 216 197
Single Family Re-Sale more than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
0 19 42 49 44 24 21 18 7 9 1 10 66 62 38 27 24 23 8 11 0 146 158 161 157 173 208 191 189 218 90 133 145 159 174 166 200 187 182 196
Townhome and Condominium more than 10 years old 8
Number of Sales Dollar per Sq Ft
recent past recent past
19 19 87 87
68 24 3 82 25 4 118 152 189 113 158 134
0 0 0 0
0 0 0 0
0 0 0 0
1 0 186 0
0 1 1 0 0 214 216 0
0 0
greater than $2,000,000
$1,500,000 - $2,000,000
$1,000,000 - $1,499,999 0 1
0 0
0 0 0 158 0 0
3 0 0 3 0 0 451 0 0 498 0 0
3 0 1 1 0 0 222 0 455 204 0 0
1 0 0 0 0 0 199 0 0 0 0 0
5 0 1 6 2 0 266 0 520 257 350 0
0 0 0 0 0 0 0 0 0 0 0 0
less than $100,000 current inventory: absorption rate:
5 2.5 months
$100,000 - $199,999 current inventory: absorption rate:
55 6.7 months
$200,000 - $299,999 current inventory: absorption rate:
35 3.9 months
$300,000 - $399,999 current inventory: absorption rate:
37 5.2 months
$400,000 - $499,999 current inventory: absorption rate:
36 6.5 months
$500,000 - $599,999 current inventory: absorption rate:
25 6.9 months
$600,000 - $699,999 current inventory: absorption rate:
16 6.9 months
$700,000 - $799,999 current inventory: absorption rate:
114 6.5 months
$800,000 - $899,999 current inventory: absorption rate:
9 9.8 months
$900,000 - $999,999 current inventory: absorption rate:
5 4.3 months
$1,000,000 - $1,499,999 current inventory: absorption rate:
17 18.7 months
$1,500,000 - $2,000,000 current inventory: 5 absorption rate: 31.3 months greater than $2,000,000 current inventory: absorption rate:
7 no sales to compare
East Chapel Hill High School
Absorption Rate
9
$300,000 - $399,999
$400,000 - $499,999
$600,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
0 2
1 1
7 16
3 1 4 3
2 4
2 1
0 0
0 0
0 2
182 1
163 16
186 4
201 4
192 1
0 0
$500,000 - $599,999
$200,000 - $299,999
0 1 0 0
less than $100,000
$100,000 - $199,999
Price Range
New Construction Single Family
Number of Sales recent past recent Dollar per Sq Ft past
80 0
182 3
New Construction Townhome and Condominium
Number of Sales Dollar per Sq Ft
recent past recent past
0 5 14 14 6 4 0 0 0 1 0 0 23 10 10 3 0 0 0 0 0 102 142 237 247 348 0 0 0 305 0 0 148 262 253 285 0 0 0 0
recent past recent past
0 0 3 4 4 2 1 0 0 0 0 0 1 4 5 12 4 4 2 1
Single Family Re-Sale less than 10 years old
Number of Sales Dollar per Sq Ft
0 0
0 0
141 168
152 155
156 169
165 162
172 187
0 178
0 215
0 187
Townhome and Condominium less than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
2 5 10 6 2 0 0 0 0 0 1 9 13 11 0 0 0 0 0 0 84 143 140 129 289 0 0 0 0 0 83 140 141 123 0 0 0 0 0 0
Single Family Re-Sale more than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
1 3 87 47
20 20 161 147
48 54 163 161
45 40 165 173
50 33 160 155
23 17 177 152
10 4 61 65
38 36 142 125
2 0 0 0 3 2 0 0 200 0 0 0 168 195 0 0
8 3 10 1 156 182 170 161
4 0 6 0 188 0 188 0
Townhome and Condominium more than 10 years old 10
Number of Sales Dollar per Sq Ft
recent past recent past
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
greater than $2,000,000
$1,500,000 - $2,000,000
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
1 0 0 2 0 0 151 0 0 246 0 0
0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
less than $100,000 current inventory: absorption rate:
no inventory no sales to compare
$100,000 - $199,999 current inventory: absorption rate:
19 3.3 months
$200,000 - $299,999 current inventory: absorption rate:
33 5.3 months
$300,000 - $399,999 current inventory: absorption rate:
28 4.8 months
$400,000 - $499,999 current inventory: absorption rate:
27 4.6 months
$500,000 - $599,999 current inventory: absorption rate:
28 10 months
$600,000 - $699,999 current inventory: absorption rate:
11 12.1 months
$700,000 - $799,999 current inventory: absorption rate:
7 14 months
$800,000 - $899,999 current inventory: absorption rate:
1 2 months
$900,000 - $999,999 current inventory: absorption rate:
4 50 months
$1,000,000 - $1,499,999 current inventory: absorption rate:
6 75 months
Chapel Hill High School
$1,000,000 - $1,499,999
Absorption Rate
$1,500,000 - $2,000,000 current inventory: 1 absorption rate: no sales to compare greater than $2,000,000 current inventory: absorption rate:
no inventory no sales to compare
11
$900,000 - $999,999
$800,000 - $899,999
$700,000 - $799,999
$600,000 - $699,999
$500,000 - $599,999
$400,000 - $499,999
$300,000 - $399,999
$200,000 - $299,999
$100,000 - $199,999
less than $100,000
Price Range
New Construction Single Family
Number of Sales recent past recent Dollar per Sq Ft past
0 0 0 0 1 2 3 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0
0 0
0 0
0 192
177 167
210 0
189 0
0 0
0 0
0 0
New Construction Townhome and Condominium
Number of Sales Dollar per Sq Ft
recent past recent past
0 2 0 0 2 0 0 0 0 0 0 3 5 1 0 0 0 0 0 0 0 116 0 0 195 0 0 0 0 0 0 101 131 192 0 0 0 0 0 0
recent past recent past
0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 1 1 0 1 1 0 0 0 0 0 0 0 209 0 0 0 116 0 171 0 255 172 0 253 192
Single Family Re-Sale less than 10 years old
Number of Sales Dollar per Sq Ft
Townhome and Condominium less than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
0 1 3 0 0 0 0 0 0 0 0 0 3 0 0 0 0 0 0 0 0 166 174 0 0 0 0 0 0 0 0 0 160 0 0 0 0 0 0 0
Single Family Re-Sale more than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
0 1 0 54
10 14 139 130
18 19 140 133
12 26 162 149
25 24 172 165
17 10 5 3 1 12 11 2 0 4 175 177 171 162 206 165 178 201 0 194
2 5 92 120
28 27 131 139
21 25 174 179
7 2 0 0 0 0 0 5 1 0 0 0 0 0 171 165 0 0 0 0 0 181 176 0 0 0 0 0
Townhome and Condominium more than 10 years old 12
Number of Sales Dollar per Sq Ft
recent past recent past
greater than $2,000,000
$1,500,000 - $2,000,000
1 0 0 1 0 0 231 245
0 0
0 0
0 0 0 0 0 0 0 0 0 0 0 0
1 0 0 0 0 0 233 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
1 0 1 0 197 0 362 0
0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
less than $100,000 current inventory: absorption rate:
0 no sales to compare
$100,000 - $199,999 current inventory: absorption rate:
12 3.5 months
$200,000 - $299,999 current inventory: absorption rate:
14 3.9 months
$300,000 - $399,999 current inventory: absorption rate:
11 6.9 months
$400,000 - $499,999 current inventory: absorption rate:
11 4.4 months
$500,000 - $599,999 current inventory: absorption rate:
13 8.2 months
$600,000 - $699,999 current inventory: absorption rate:
5 10 months
$700,000 - $799,999 current inventory: absorption rate:
4 16 months
$800,000 - $899,999 current inventory: absorption rate:
3 18.8 months
$900,000 - $999,999 current inventory: absorption rate:
2 4.8 months
$1,000,000 - $1,499,999 current inventory: absorption rate:
7 43.8 months
Carrboro High School
$1,000,000 - $1,499,999
Absorption Rate
$1,500,000 - $2,000,000 current inventory: 1 absorption rate: no sales to compare greater than $2,000,000 current inventory: absorption rate:
1 no sales to compare
13
$400,000 - $499,999
$500,000 - $599,999
6 1 2 0
0 0
0 0 0 2 0 0
0 0
0 0
87 83
117 84
124 103 122 0
0 0
0 0 0 163 0 0
0 0
$900,000 - $999,999
$300,000 - $399,999
2 3
$800,000 - $899,999
$200,000 - $299,999
11 10
$700,000 - $799,999
$100,000 - $199,999
0 0
$600,000 - $699,999
less than $100,000
Price Range
New Construction Single Family
Number of Sales recent past recent Dollar per Sq Ft past
New Construction Townhome and Condominium
Number of Sales Dollar per Sq Ft
recent past recent past
0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 127 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
recent past recent past
0 8 3 5 0 3 2 0 1 0 0 3 9 4 1 3 0 2 0 0 0 107 111 128 0 154 181 0 231 0 0 118 112 119 154 187 0 205 0 0
Single Family Re-Sale less than 10 years old
Number of Sales Dollar per Sq Ft
Townhome and Condominium less than 10 years old
Number of Sales
recent past
Dollar per Sq Ft
recent past
0 2 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 106 0 0 0 0 0 0 0 0 0 75 0 0 0 0 0 0 0 0
Single Family Re-Sale more than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
6 6 73 45
45 63 24 49 62 8 119 126 140 108 121 129
2 1 4 3 154 132 152 150
3 1 3 0 2 1 1 0 226 168 250 0 156 228 158 0
Townhome and Condominium more than 10 years old 14
Number of Sales Dollar per Sq Ft
recent past recent past
0 5 0 0 0 0 0 0 0 0 3 1 0 0 0 0 0 0 0 0 0 100 0 0 0 0 0 0 0 0 64 91 0 0 0 0 0 0 0 0
greater than $2,000,000
$1,500,000 - $2,000,000
0 0 0 0
0 0
0 0 0 0
0 0
0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 1 0 0 0 0 0 192 0 0
0 0 0 0 0 0 0 0 0 0 0 0
1 0 0 2 0 0 233 0 0 200 0 0
0 0 0 0 0 0 0 0 0 0 0 0
less than $100,000 current inventory: absorption rate:
3 3 months
$100,000 - $199,999 current inventory: absorption rate:
20 3.4 months
$200,000 - $299,999 current inventory: absorption rate:
20 3.5 months
$300,000 - $399,999 current inventory: absorption rate:
13 4.5 months
$400,000 - $499,999 current inventory: absorption rate:
15 60 months
$500,000 - $599,999 current inventory: absorption rate:
13 31.7 months
$600,000 - $699,999 current inventory: absorption rate:
9 21.9 months
$700,000 - $799,999 current inventory: absorption rate:
3 36.1 months
$800,000 - $899,999 current inventory: absorption rate:
7 21.2 months
$900,000 - $999,999 current inventory: absorption rate:
1 no sales to compare
$1,000,000 - $1,499,999 current inventory: absorption rate:
7 84.3 months
$1,500,000 - $2,000,000 current inventory: 1 absorption rate: no sales to compare greater than $2,000,000 current inventory: absorption rate:
5 no sales to compare
Cedar Ridge High School
$1,000,000 - $1,499,999
Absorption Rate
15
recent Number of Sales past recent Dollar per Sq Ft past
$900,000 - $999,999
$800,000 - $899,999
4 6 115 109
120 113
$700,000 - $799,999
0 0 0 0
126 103
$600,000 - $699,999
112 128
$500,000 - $599,999
0 0
6 1 4 3
$400,000 - $499,999
3 3
$300,000 - $399,999
0 0
$200,000 - $299,999
$100,000 - $199,999
New Construction Single Family
less than $100,000
Price Range
4 1 1 0 0 0 9 3 0 0 0 0 145 128
150 128
154 0 0 0 0 0 0 0
0 0 0 2 0 0 0 0 0 103 0 0
0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
New Construction Townhome and Condominium
Number of Sales Dollar per Sq Ft
recent past recent past
Single Family Re-Sale less than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
0 20 15 21 11 4 2 0 0 0 1 12 13 17 5 4 2 2 0 0 0 101 111 121 125 135 159 0 0 0 89 97 100 124 115 145 149 164 0 0
Townhome and Condominium less than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
0 13 0 0 0 0 0 0 0 0 0 10 2 0 0 0 0 0 0 0 0 99 0 0 0 0 0 0 0 0 0 96 100 0 0 0 0 0 0 0
Single Family Re-Sale more than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
29 74 38 31 13 0 3 2 1 0 29 69 51 39 13 4 2 0 1 0 56 103 124 137 145 0 187 180 178 0 54 105 129 125 135 189 157 0 138 0
Townhome and Condominium more than 10 years old 16
Number of Sales Dollar per Sq Ft
recent past recent past
0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
greater than $2,000,000
$1,500,000 - $2,000,000
$1,000,000 - $1,499,999
Absorption Rate
0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
2 0 0 0 0 0 181 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
7 2.1 months
$100,000 - $199,999 current inventory: absorption rate:
30 2.9 months
$200,000 - $299,999 current inventory: absorption rate:
26 5.2 months
$300,000 - $399,999 current inventory: absorption rate:
28 6.4 months
$400,000 - $499,999 current inventory: absorption rate:
29 12.4 months
$500,000 - $599,999 current inventory: absorption rate:
13 31.7 months
$600,000 - $699,999 current inventory: absorption rate:
12 24 months
$700,000 - $799,999 current inventory: absorption rate:
4 25 months
$800,000 - $899,999 current inventory: absorption rate:
5 31.3 months
$900,000 - $999,999 current inventory: absorption rate:
2 no sales to compare
$1,000,000 - $1,499,999 current inventory: absorption rate:
5 31.3 months
Orange High School
0 0 0 0 0 0
less than $100,000 current inventory: absorption rate:
$1,500,000 - $2,000,000 current inventory: 2 absorption rate: no sales to compare greater than $2,000,000 current inventory: absorption rate:
1 no sales to compare
17
$900,000 - $999,999
$800,000 - $899,999
$700,000 - $799,999
$600,000 - $699,999
$500,000 - $599,999
$400,000 - $499,999
$300,000 - $399,999
$200,000 - $299,999
$100,000 - $199,999
less than $100,000
Price Range
New Construction Single Family
recent Number of Sales past recent Dollar per Sq Ft past
0 0 0 0
23 17 8 1 12 9 0 0 86 82
95 90
158 0
150 0
0 1 1 0 0 0 0 0 0 0 0 0
155 0
160 0 0 0 0 0
New Construction Townhome and Condominium
Number of Sales Dollar per Sq Ft
recent past recent past
0 5 0 0 0 0 0 0 0 0 0 31 2 0 0 0 0 0 0 0 0 70 0 0 0 0 0 0 0 0 0 71 111 0 0 0 0 0 0 0
recent past recent past
6 6 61 47
Single Family Re-Sale less than 10 years old
Number of Sales Dollar per Sq Ft
44 37 82 74
25 14 3 29 11 1 93 124 125 91 120 117
2 3 186 152
0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
Townhome and Condominium less than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
2 6 74 52
9 1 1 0 0 0 0 0 0 7 1 0 0 0 0 0 0 0 75 109 106 0 0 0 0 0 0 67 110 0 0 0 0 0 0 0
Single Family Re-Sale more than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
105 197 83 19 8 2 0 2 0 0 104 172 65 25 3 1 0 0 0 0 47 94 108 126 137 105 0 122 0 0 49 90 106 113 121 106 0 0 0 0
Townhome and Condominium more than 10 years old 18
Number of Sales Dollar per Sq Ft
recent past recent past
3 6 0 0 0 0 0 0 0 0 3 3 0 0 0 0 0 0 0 0 72 72 0 0 0 0 0 0 0 0 62 58 0 0 0 0 0 0 0 0
greater than $2,000,000
$1,500,000 - $2,000,000
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
1 0 0 0 0 0 198 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
less than $100,000 current inventory: absorption rate:
30 2.9 months
$100,000 - $199,999 current inventory: absorption rate:
70 2.9 months
$200,000 - $299,999 current inventory: absorption rate:
50 4.8 months
$300,000 - $399,999 current inventory: absorption rate:
29 8.3 months
$400,000 - $499,999 current inventory: absorption rate:
16 16 months
$500,000 - $599,999 current inventory: absorption rate:
12 36.4 months
$600,000 - $699,999 current inventory: absorption rate:
4 48 months
$700,000 - $799,999 current inventory: absorption rate:
2 8 months
$800,000 - $899,999 current inventory: absorption rate:
1 no sales to compare
$900,000 - $999,999 current inventory: absorption rate:
2 no sales to compare
$1,000,000 - $1,499,999 current inventory: absorption rate:
2 24.1 months
Northern High School
$1,000,000 - $1,499,999
Absorption Rate
$1,500,000 - $2,000,000 current inventory: 0 absorption rate: no sales to compare greater than $2,000,000 current inventory: absorption rate:
2 no sales to compare
19
$900,000 - $999,999
$800,000 - $899,999
$700,000 - $799,999
$600,000 - $699,999
$500,000 - $599,999
$400,000 - $499,999
$300,000 - $399,999
$200,000 - $299,999
$100,000 - $199,999
less than $100,000
Price Range
New Construction Single Family
Number of Sales recent past recent Dollar per Sq Ft past
0 1 4 7 0 1 7 7 3 0 0 0 3 2 1 1 5 1 0 0 0 0
104 128 116 0 160 174 181 207 0 0 140 123 108 176 165 179 0 0
New Construction Townhome and Condominium
Number of Sales Dollar per Sq Ft
recent past recent past
0 38 14 0 0 0 62 18 0 0 0 121 136 0 0 0 102 120 0 0
0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
recent past recent past
3 9 5 7 5 1 0 0 1 0 3 14 7 10 6 0 1 0 0 0 64 93 102 127 118 136 0 0 255 0 76 98 120 114 121 0 136 0 0 0
Single Family Re-Sale less than 10 years old
Number of Sales Dollar per Sq Ft
Townhome and Condominium less than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
4 8 10 4 1 0 0 0 0 0 2 12 5 3 1 1 0 0 0 0 59 123 221 250 199 0 0 0 0 0 99 133 108 191 216 218 0 0 0 0
Single Family Re-Sale more than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
56 61 65 61
214 198 108 105
114 100 131 130
50 20 5 3 1 0 1 32 16 4 5 2 1 0 159 160 163 226 174 0 210 157 158 148 202 134 210 0
Townhome and Condominium more than 10 years old 20
Number of Sales Dollar per Sq Ft
recent past recent past
34 35 4 6 0 0 0 0 0 0 49 34 7 1 0 0 0 0 0 0 73 114 171 186 0 0 0 0 0 0 73 100 187 236 0 0 0 0 0 0
greater than $2,000,000
$1,500,000 - $2,000,000
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0
1 0 0 2 0 0 245 0 0 183 0 0
0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
less than $100,000 current inventory: absorption rate:
18 2.2 months
$100,000 - $199,999 current inventory: absorption rate:
49 1.9 months
$200,000 - $299,999 current inventory: absorption rate:
26 2.1 months
$300,000 - $399,999 current inventory: absorption rate:
15 2.4 months
$400,000 - $499,999 current inventory: absorption rate:
7 3.2 months
$500,000 - $599,999 current inventory: absorption rate:
9 15 months
$600,000 - $699,999 current inventory: absorption rate:
4 4.8 months
$700,000 - $799,999 current inventory: absorption rate:
6 9.1 months
$800,000 - $899,999 current inventory: absorption rate:
5 15.2 months
$900,000 - $999,999 current inventory: absorption rate:
0 no sales to compare
$1,000,000 - $1,499,999 current inventory: absorption rate:
0 no sales to compare
Riverside High School
$1,000,000 - $1,499,999
Absorption Rate
$1,500,000 - $2,000,000 current inventory: 0 absorption rate: no sales to compare greater than $2,000,000 current inventory: absorption rate:
0 no sales to compare
21
$900,000 - $999,999
$800,000 - $899,999
$700,000 - $799,999
$600,000 - $699,999
$500,000 - $599,999
$300,000 - $399,999
$200,000 - $299,999
3 11
$100,000 - $199,999
0 19 24 30 27 0 1 12 47 31
less than $100,000
$400,000 - $499,999
Price Range
New Construction Single Family
recent Number of Sales past recent Dollar per Sq Ft past
3 0 2 0 7 0 0 1
0 123 127 126 141 174 184 0 232 0 0 102 122 123 143 172 158 0 0 212
New Construction Townhome and Condominium
Number of Sales Dollar per Sq Ft
recent past recent past
0 0 1 5 4 2 0 1 8 6 2 0 0 0 171 159 202 210 0 133 180 170 155 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
recent past recent past
1 7 18 41 19 6 4 2 2 0 2 6 27 39 16 6 7 0 0 1 78 105 121 114 138 154 156 79 170 0 70 111 115 110 131 172 146 0 0 157
Single Family Re-Sale less than 10 years old
Number of Sales Dollar per Sq Ft
Townhome and Condominium less than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
0 36 28 4 3 0 23 11 3 1 0 107 129 170 146 0 109 121 177 141
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
Single Family Re-Sale more than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
20 159 259 122 36 16 11 7 7 5 28 189 259 104 31 12 11 11 2 3 46 115 119 132 152 162 174 206 177 202 36 112 117 128 144 181 183 187 179 227
Townhome and Condominium more than 10 years old 22
Number of Sales Dollar per Sq Ft
recent past recent past
25 171 14 1 0 0 0 0 0 0 45 139 3 5 1 0 0 0 0 0 71 101 139 269 0 0 0 0 0 0 67 100 115 124 138 0 0 0 0 0
greater than $2,000,000
$1,500,000 - $2,000,000
$1,000,000 - $1,499,999
Absorption Rate
0 0
0 0
248 227
0 0
0 0
0 0 0 0
1 2 199 223
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
2 0 1 1 1 2 213 0 452 269 266 402
0 0 0 0
0 0 0 0
0 0 0 0
10 2.6 months
$100,000 - $199,999 current inventory: absorption rate:
73 2.7 months
$200,000 - $299,999 current inventory: absorption rate:
51 1.8 months
$300,000 - $399,999 current inventory: absorption rate:
45 2.6 months
$400,000 - $499,999 current inventory: absorption rate:
42 5.6 months
$500,000 - $599,999 current inventory: absorption rate:
17 7.5 months
$600,000 - $699,999 current inventory: absorption rate:
9 6 months
$700,000 - $799,999 current inventory: absorption rate:
8 10.6 months
$800,000 - $899,999 current inventory: absorption rate:
5 5.5 months
$900,000 - $999,999 current inventory: absorption rate:
2 4.9 months
$1,000,000 - $1,499,999 current inventory: absorption rate:
3 9.1 months
Jordan High School
1 2
less than $100,000 current inventory: absorption rate:
$1,500,000 - $2,000,000 current inventory: 3 absorption rate: no sales to compare greater than $2,000,000 current inventory: absorption rate:
3 36.1 months
23
$900,000 - $999,999
$800,000 - $899,999
$700,000 - $799,999
$600,000 - $699,999
$500,000 - $599,999
$400,000 - $499,999
$300,000 - $399,999
$200,000 - $299,999
$100,000 - $199,999
less than $100,000
Price Range
New Construction Single Family
recent Number of Sales past recent Dollar per Sq Ft past
0 1 0 3
32 121 107 33 14 7 9 2 58 122 81 25 12 4 0 2
0 137 138 142 143 154 164 191 191 218 0 133 130 140 137 145 172 168 0 164
New Construction Townhome and Condominium
Number of Sales Dollar per Sq Ft
recent past recent past
0 0 5 0 0 0 0 0 0 0 0 10 2 0 0 0 0 0 0 0 0 0 130 0 0 0 0 0 0 0 0 110 136 0 0 0 0 0 0 0
recent past recent past
1 10 63 53 35 20 10 4 0 15 63 57 38 25 16 10 70 107 137 144 136 139 162 159 0 106 134 147 136 143 155 178
Single Family Re-Sale less than 10 years old
Number of Sales Dollar per Sq Ft
3 0 5 0 155 0 160 0
Townhome and Condominium less than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
0 11 14 0 0 0 0 0 0 0 0 7 17 0 0 0 0 0 0 0 0 117 147 0 0 0 0 0 0 0 0 114 148 0 0 0 0 0 0 0
Single Family Re-Sale more than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
20 64 11 68 58 112 48 106
66 60 124 126
49 47 143 140
32 24 172 141
22 5 4 3 1 14 11 2 2 1 141 136 173 154 164 149 154 182 175 152
Townhome and Condominium more than 10 years old 24
Number of Sales Dollar per Sq Ft
recent past recent past
0 5 12 1 0 0 0 0 0 0 2 15 14 2 0 0 0 0 0 0 0 110 121 155 0 0 0 0 0 0 75 110 112 149 0 0 0 0 0 0
greater than $2,000,000
$1,500,000 - $2,000,000
1 0 0 2 0 0
265 188
0 0
0 0
0 0 0 0 0 0 0 0 0 0 0 0
5 0 1 0 2 1 197 0 274 0 179 204
0 0 0 0 0 0 0 0 0 0 0 0
1 1 124 167
0 0 0 1 0 0 0 228
0 0 0 0 0 0 0 0 0 0 0 0
less than $100,000 current inventory: absorption rate:
3 1.3 months
$100,000 - $199,999 current inventory: absorption rate:
18 2.3 months
$200,000 - $299,999 current inventory: absorption rate:
40 2.5 months
$300,000 - $399,999 current inventory: absorption rate:
101 5.4 months
$400,000 - $499,999 current inventory: absorption rate:
97 6.6 months
$500,000 - $599,999 current inventory: absorption rate:
62 9.8 months
$600,000 - $699,999 current inventory: absorption rate:
3 15.8 months
$700,000 - $799,999 current inventory: absorption rate:
15 12 months
$800,000 - $899,999 current inventory: absorption rate:
13 15.6 months
$900,000 - $999,999 current inventory: absorption rate:
13 52 months
$1,000,000 - $1,499,999 current inventory: absorption rate:
15 25.8 months
$1,500,000 - $2,000,000 current inventory: 4 absorption rate: no sales to compare greater than $2,000,000 current inventory: absorption rate:
5 60.2 months
Northwood High School
$1,000,000 - $1,499,999
Absorption Rate
25
$900,000 - $999,999
$800,000 - $899,999
$700,000 - $799,999
$600,000 - $699,999
$500,000 - $599,999
$400,000 - $499,999
$300,000 - $399,999
$200,000 - $299,999
$100,000 - $199,999
less than $100,000
Price Range
New Construction Single Family
recent Number of Sales past recent Dollar per Sq Ft past
New Construction Townhome and Condominium
Number of Sales Dollar per Sq Ft
0 3 21 224 163 66 67 34 15 11 0 3 53 262 146 104 39 17 9 7 0 0
108 136 135 136 142 158 161 177 180 104 126 125 127 141 156 165 196 181
recent past recent past
0 54 265 29 0 0 0 0 0 0 0 85 156 14 1 0 0 0 0 0 0 117 125 144 0 0 0 0 0 0 0 113 127 142 137 0 0 0 0 0
recent past recent past
0 10 78 198 134 56 30 13 11 4 0 6 172 447 261 163 51 38 16 10 0 120 126 123 129 142 149 145 153 167 0 110 122 122 128 139 152 153 179 179
Single Family Re-Sale less than 10 years old
Number of Sales Dollar per Sq Ft
Townhome and Condominium less than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
2 212 157 27 3 252 138 25 120 108 118 137 117 103 114 131
3 2 3 1 150 158 135 136
4 0 0 0 2 0 0 0 182 0 0 0 182 0 0 0
Single Family Re-Sale more than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
4 288 721 475 165 69 42 8 9 6 312 685 367 159 70 43 15 3 68 117 124 125 135 148 152 174 177 66 114 118 121 131 145 152 154 153
3 5 193 217
Townhome and Condominium more than 10 years old 26
Number of Sales Dollar per Sq Ft
recent past recent past
41 310 58 8 2 2 1 0 0 0 47 273 56 7 3 0 1 0 0 0 84 102 130 139 140 225 149 0 0 0 82 96 123 120 124 0 247 0 0 0
greater than $2,000,000
$1,500,000 - $2,000,000
4 1 0 6 1 0
200 194 0 200 206 0
7 0 12 2 197 0 190 202
0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
10 1 0 6 1 1 166 195 0 201 212 218
0 0 0 0 0 0 0 0 0 0 0 0
1 .25 months
$100,000 - $199,999 current inventory: absorption rate:
20 .26 months
$200,000 - $299,999 current inventory: absorption rate:
27 .23 months
$300,000 - $399,999 current inventory: absorption rate:
37 .47 months
$400,000 - $499,999 current inventory: absorption rate:
54 1.9 months
$500,000 - $599,999 current inventory: absorption rate:
74 4.6 months
$600,000 - $699,999 current inventory: absorption rate:
74 6.2 months
$700,000 - $799,999 current inventory: absorption rate:
44 9.7 months
$800,000 - $899,999 current inventory: absorption rate:
11 3.8 months
$900,000 - $999,999 current inventory: absorption rate:
4 2.6 months
$1,000,000 - $1,499,999 current inventory: absorption rate:
9 5.1 months
Areas 005, 010, and 015
0 0 0 0 0 0 0 0 0 0 0 0
less than $100,000 current inventory: absorption rate:
cary, Morrisville & Apex
$1,000,000 - $1,499,999
Absorption Rate
$1,500,000 - $2,000,000 current inventory: 3 absorption rate: 18.8 months greater than $2,000,000 current inventory: absorption rate:
7 no sales to compare
27
$900,000 - $999,999
$800,000 - $899,999
$700,000 - $799,999
$600,000 - $699,999
$500,000 - $599,999
$400,000 - $499,999
4 4
$300,000 - $399,999
$100,000 - $199,999
0 0
$200,000 - $299,999
less than $100,000
Price Range
New Construction Single Family
recent Number of Sales past recent Dollar per Sq Ft past
New Construction Townhome and Condominium
Number of Sales Dollar per Sq Ft
19 31 38 48 46 31 40 17 28 50
10 11 4 41 19 5
0 121 121 130 160 174 190 195 213 204 0 135 109 136 147 169 172 177 203 208
recent past recent past
0 66 41 35 26 2 0 0 0 84 39 8 5 8 1 0 0 119 158 166 182 214 0 0 0 113 127 149 187 174 184 0
0 0 0 0
0 0 0 0
recent past recent past
0 5 22 35 34 22 17 14 11 2 0 3 39 41 34 26 14 15 5 3 0 122 116 141 142 161 170 189 192 204 0 137 123 133 148 154 169 178 173 187
Single Family Re-Sale less than 10 years old
Number of Sales Dollar per Sq Ft
Townhome and Condominium less than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
9 228 170 42 12 3 2 2 1 0 8 235 157 42 9 3 3 4 0 0 77 109 133 201 248 204 333 249 272 0 79 106 122 187 215 167 215 230 0 0
Single Family Re-Sale more than 10 years old
Number of Sales Dollar per Sq Ft
recent past recent past
13 372 583 398 159 84 51 29 11 8 21 405 537 333 140 83 40 23 14 9 68 113 136 160 171 186 195 208 211 212 70 112 135 151 173 178 181 194 197 207
Townhome and Condominium more than 10 years old 28
Number of Sales Dollar per Sq Ft
recent past recent past
223 578 111 39 10 3 0 0 1 0 277 504 101 36 9 1 1 0 1 0 71 98 143 164 191 223 0 0 299 0 69 102 146 153 151 234 174 0 279 0
271 254
greater than $2,000,000
0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0
6 0 2 8 3 0 235 0 248 196 277 0
0 0 0 0 0 0 0 0 0 0 0 0
14 0 1 11 0 2 234 0 219 217 0 536
0 0 0 0 0 0 0 0 0 0 0 0
42 2 months
$100,000 - $199,999 current inventory: absorption rate:
37 .33 months
$200,000 - $299,999 current inventory: absorption rate:
34 .40 months
$300,000 - $399,999 current inventory: absorption rate:
56 1.1 months
$400,000 - $499,999 current inventory: absorption rate:
52 2.2 months
$500,000 - $599,999 current inventory: absorption rate:
65 4.8 months
$600,000 - $699,999 current inventory: absorption rate:
64 6.6 months
$700,000 - $799,999 current inventory: absorption rate:
49 6.9 months
$800,000 - $899,999 current inventory: absorption rate:
33 11.3 months
$900,000 - $999,999 current inventory: absorption rate:
25 21.5 months
$1,000,000 - $1,499,999 current inventory: absorption rate:
25 11.5 months
areas 001, 002, and 004
0 0 0 0
less than $100,000 current inventory: absorption rate:
Central Raleigh
6 8
$1,500,000 - $2,000,000
$1,000,000 - $1,499,999
Absorption Rate
$1,500,000 - $2,000,000 current inventory: 11 absorption rate: no sales to compare greater than $2,000,000 current inventory: absorption rate:
8 32 months
29
Fine
Homes
30 30
Notable homes come with a heritage, they are a landmark of the community. That legacy begins with the site as inspiration. Over three acres of exquisite, manicured grounds provide a setting like none other for
3124 Surrey Road, an icon imbued with refined architectural grace. 31
3124 Surrey Road 3124 Surrey Road was one of the earliest homes built in Hope Valley, an English countryside inspired community centered around a Donald Ross golf course. The original construction dates to 1938. In 1996, even though it was not on the market, a couple knocked on the door and asked to purchase the residence. After the purchase they engaged renowned architect Hutch Johnson and respected builder Leon Meyers to combine their expertise and talent to create a timeless addition that looked original to the house. The home was featured on Good Morning America as an example of excellence in design . . . respecting historical elements and adding classical rooms true to the genre. The current owners have made other additions, and each time have continued the collaboration with Hutch Johnson and Leon Meyers. The splendid interior design focuses attention to the grounds, each room inviting extended views and access
32
to multiple terraces, porches and gardens. The center garden room is a focal point that centers the house. A horizontal layer of windows envelope the vaulted ceiling. The effect is reminiscent of the grand solariums found in major estates throughout Europe and the US. What brilliant grounding
noble estate. to this
Offered at $3,500,000 9085 Heated Sq Ft
Five Bedrooms, Four Full and Three Half Baths Sited on 3.12 Acres on the Hope Valley Golf Course
The mahogany study pictured to the left is original to the house. Note the furniture quality joinery and intricate detail. One of the six fireplaces is located in this room. Above is the separate guest house. This charming cottage includes a kitchen, vaulted great room, and bedroom suite. Mere words can’t give credence to this fine home. From the trompe l’oeil painting in the formal dining room to the chestnut billiard and gaming room, the effect is an entity that is a home . . . one that is welcoming and rich with love.
33 33
28 Whitley Drive Modern with traditional references, this custom home exudes volume and comfort. Vaulted coffered ceilings, a library turret, deep cove moldings and extensive hardwood floors nod to traditional architecture, while an enormous state-of-the-art kitchen, clean lines and high ceilings reference the most modern, in-demand requisites. There are two master suites, one on the main level and another on the second floor. Additional rooms include an in-home theater, exercise/ glass sitting room on the main level, and a third floor sixth bedroom/ bonus room. An elevator keeps all levels accessible. Lutron lighting, central vacuum, steam shower, distributed audio system and circular drive are appreciated amenities. The almost one acre homesite is on the 16th fairway of Chapel Hill Country Club. Stacked stone landscape walls, limestone terraced seating areas, a gazebo, an in-ground pool
cabana house contribute to the exquisite and setting. Offered at $1,650,000 7566 Heated Sq Ft Six Bedrooms, Six Full and Two Half Baths 34
Sited on .93 Acres on the Golf Course in the Oaks
5020 Piney Creek This residence represents an exquisite, modern home designed by architect Dail Dixon and constructed by Leon Meyers in which thought was given to every detail from an aesthetic and performance perspective. From front to back, light emanates throughout creating the ideal private setting to appreciate the pristine forest views. Living spaces are open and flowing, and include a living room with vaulted ceiling and a den with a wood burning fireplace. A study with built-in bookcases is perfect for a home office. The spacious kitchen boasts a six burner Wolf oven and hood, separate wall oven, a built-in refrigerator, bar seating, a separate breakfast room and more. A glass gallery and bridge over a wet weather waterfall lead to the private master suite, designed for the ultimate relaxation and spa-like experience. Each bedroom in this home is en suite. A true masterpiece – an immaculate
home in a serene and private setting. Offered at $1,400,000 5144 Heated Sq Ft Four Bedrooms, Four Full and One Half Baths Sited on 10.52 Acres, Near Duke University & UNC 35
118 Stoneridge Drive Here, in the coveted community of Stoneridge, sits an architectural gem. This exceptional ranch style home both enhances and blends into its incredible surroundings. One of the first impressions on entering is how the sophisticated style seamlessly incorporates natural elements reflective of the home’s setting. The natural stone present on the exterior is carried into the foyer and then to other areas. Hardwood floors are found throughout most of the home and act as a reflective surface for both sunlight and the Lutron lighting to play. The vaulted great room with a fireplace encased in the immense stone wall is the soul of the home, while the kitchen, offering exceptional functionality combined with a classic aesthetic, remains the heart. But it’s the lower level recreation room that guarantees hours of entertainment. Backing up to Duke Forest, the home offers both privacy and the promise of
natural beauty no matter the time of year. Offered at $1,155,000 5111 Heated Sq Ft Four Bedrooms, Four Full and Two Half Baths 3636 38
Sited on 4.95 Acres in Stoneridge ... with Chapel Hill Schools
206 Whirlaway Lane This stunning custom-built home in Triple Crown Estates within the Chapel Hill school district is truly one-of-a-kind. The all-brick exterior is accented by keystones above the windows, and a large circular covered porch embellishes the entryway. It emits a sense of permanence and is a rare find with three stories – the living area on the first featuring a bowed bay window and built-in bookshelves in the family room, generously-sized sleeping quarters on the second, and a bonus room with its own half bath, wet bar and skylights on the third. The luxurious master suite is a retreat unto itself with access to the back deck and pool area. Hardwood floors are found throughout much of the home adding a touch of refined elegance. The refreshing outdoor, in-ground swimming pool is one you’ll want to lounge around on those hot
summer days. And soaking in the adjoining hot tub may become your
new favorite evening activity. Offered at $1,100,000 6067 Heated Sq Ft
Five Bedrooms, Four Full and Two Half Baths Sited on 3.13 Acres in the Triple Crown Estates ... Chapel Hill Schools
37 37
111 Gurnsey Trail Here is an immaculate three story Craftsman home in Meadowmont. Anticipate fine finishes throughout this well-designed and carefully considered home. Three-piece crown moulding, wainscoting, abundant hardwood flooring, detail-carved columns, and wide entryways embellished with intricate trimwork and overhead transom windows add elegance and refinement. The kitchen follows this theme with cherry cabinets, granite counter tops and upscale stainless appliances. The large master suite features a spacious bedroom, a sitting room with coffered ceiling, a luxurious bath with 6-jetted tub and a huge walk-in closet. A second floor bonus room and sizable third floor multi-purpose room add versatility and abundant space. Note the 3-car side entry garage, fenced yard and proximity to the neighborhood playground. A multi-level deck and two patios make the yard a pleasure. This is a living with lasting home meant for luxurious style. Offered at $975,000 4802 Heated Sq Ft Five Bedrooms, Five Full and One Half Baths 38
Sited on .20 Acres in Meadowmont
410 Westwood Drive Beautifully restored, this home is a true reflection of American Heritage. Located in Historic Downtown Chapel Hill, it’s only a short walk to UNC campus and its hospitals. True masonry fireplaces are found in both the living room and master suite. Immaculate woodworking adheres to the genuine craftsmanship that the home offers. A butler’s pantry connects the formal dining room to the kitchen, which is the perfect combination of modern, gourmet, stylish and functional. The sun-filled breakfast room with wrap-around seating remains open to the kitchen and is a cheery spot to start any morning. Notice the lovely, mature landscaping in the exceedingly large front and back yards. The all-brick back patio has piped in gas for grilling and boasts a water feature pond with waterfall, and the back property has a private well which supplies water to the irrigation system and pond. This home will be cherished
the historic nature to all that Chapel Hill offers. for and for its proximity Offered at $925,000 3545 Heated Sq Ft Five Bedrooms, Four Full and One Half Baths Sited on .67 Acres in Historic Westwood, Downtown Chapel Hill
37
39
3414 Tree Farm Road An artistic, sophisticated home on over ten acres of immaculately landscaped property with pristine, private views near Historic Hillsborough is a rare but treasured find. Inside, every detail has been considered – from the hardwood flooring to the audio, electronic and multi-media system and pre-wiring, and from the granite counters to the Aga dual-fuel, radiant heat, six-burner and four oven cooking system. The great room features vaulted ceilings, a stone encased fireplace and access to a wet bar, while the formal dining room adjoins the true chef’s kitchen through a butler’s pantry. The private, spa-like master suite is found on the lower level and three additional bedrooms, a bonus room and study reside upstairs. Custom built by Pomarico Construction Company, with four generations of building experience, this home is aligned with the integrity of the builder – a true masterpiece, and one that embodies excellent craftsmanship and design.
Offered at $850,000 3877 Heated Sq Ft Four Bedrooms, Three Full and One Half Baths Sited on 10.34 Acres, in Hillsborough, NC 42 40
2537 Bittersweet Dr. In this brick Georgian home, one’s eye is first drawn to the details that were considered in its design and the requisite features to complete it – clean, uncluttered lines and spacious rooms throughout. Ten foot ceilings, hardwood flooring and intricate woodworking dominate the main level. Architecturally carved columns with wainscoting grace entryways between rooms and five-piece crown moulding. Plantation blinds in both the formal front living room and dining room help to regulate sunlight and temperature in an upscale fashion. The master suite is found on the main level and its far exterior wall is anchored with glass doors providing access to the backyard brick patio with overhead trellis. A tiered retaining wall distinguishes the lush, verdant lawn from the rolling greenspace and tree line beyond. Although the home is set on a hill majestically vaulted over the street level below, the flat backyard presents a great place for children to play.
Offered at $850,000 4595 Heated Sq Ft Four Bedrooms, Three Full and One Half Baths Sited on .81 Acres in Croasdaile Farm
41
3 Treviso Place Bringing a Tuscan look into the heart of Durham creates an experience, not just a home. Here, the design elements of the old world are given homage, while modern conveniences are highlighted at every turn. Contemporary contours and classic profiles create a captivating and timeless interior. Hardwood floors abut the foyer and are positioned to create delineation between living spaces. Designed with a focus on the movement of light and people, this home is ideally suited for entertaining – the great room, kitchen and dining room remain open to each other. With an oversized trey ceiling, a spa-like master bath and access to the covered deck perfect for morning coffee, the master suite both excites and relaxes. Four bedrooms in all are found throughout this two-story home, complete with even an elevator. Conveniently located to shopping, highways, UNC and Duke, this unique Maida Vale community home offers unrivaled privacy and classic elegance.
Offered at $800,000 4432 Heated Sq Ft Five Bedrooms, Five Full and One Half Baths Sited on .15 Acres in Maida Vale, a Gated Community 42
23 Beverly Drive Welcome to a landmark home in coveted Forest Hills, an example of Durham’s rich architectural history. The well-planned design and architectural specifications of a superior home are what set it apart from any other. Here, an enticing mix of traditional architecture and modern comfort lends a welcoming ambiance to stand the test of time. After all, this residence was built over 70 years ago to the exacting standards of Dr. Ralph G. Fleming, personal physician to Governor Umstead. Inside, large and open rooms flow seamlessly into each other. Multiple and wide entryways between these living spaces allow for ease of movement and great sightlines from one to another. This home overlooks Forest Hills Park with a creek running throughout serving as a stream buffer and encouraging wildlife. The Durham Bulls Ballpark, the Durham Performing Arts Center and the American Tobacco
Warehouse Campus are in easy walking distance.
Offered at $775,000 3508 Heated Sq Ft
Five Bedrooms, Three Full and One Half Baths Sited on .56 Acres in Forest Hills
43
14 Goldenrod Place Good homes are easy to find. But an exceptional one like this, situated on a cul-de-sac lot in coveted Croasdaile Farm, is rare. And to sweeten the mix, this all-brick home is set within pristine, well-maintained landscaping – what else would you expect of a home positioned with views of the Croasdaile Golf Course. Inside, a true family home such as this encourages and facilitates time spent together with a warming ambiance, open and spacious living spaces, and gorgeous views of the immaculate landscaping and pristine exterior picturesque setting from every angle. Hardwoods are found throughout most of the lower level and gleam from the abundant sunlight drawn in from plenty of wellplaced windows. The immaculate kitchen boasts granite countertops and maple cabinets, while the first floor master suite is like a resort. Located in Croasdaile Farm, this community offers convenience to Duke, major highways, fine dining and entertainment.
Offered at $550,000 3272 Heated Sq Ft Four Bedrooms, Three Full and One Half Baths Sited on .70 Acres in Croasdaile Farm 44
708 South Bend Dr. Great homes are always found in great locations with close proximity to options that foster an active lifestyle for you and your family. Located in The Hills at Southpoint, there are no frustrating drives with this convenient location, near the Streets at Southpoint and all the shopping, dining and nightlife it has to offer, just a short drive to I-40 and an easy commute to UNC and Duke University. This custom home comes replete with upgrades and amenities which include granite counters in the kitchen and master bath, upgraded tile, hardwood flooring in the second floor loft and stairs, a gourmet kitchen package with stainless steel gas cooktop, wall oven, microwave and dishwasher, additional doors and windows, upgraded carpet, security system, trey ceiling in dining room, iron balusters, three full baths, large loft/bonus room, structured wiring and under cabinet lighting. This immaculate home is in new condition. Offered at $450,000 3092 Heated Sq Ft Four Bedrooms, Three Full and One Half Baths Sited in the Hills at Southpoint, with Community Amenities
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108 Jones Creek Place When it comes to the idea of owning a town home, access to a great lifestyle is key. With this wonderfully maintained residence in Lake Hogan Farms, your options are endless in a 300-acre community boasting a swim and tennis club, a basketball court, tennis courts, children's playground, walking and biking trails, a 12-acre lake and a clubhouse. Inside, four levels of living space offer great flexibility with a potential fifth bedroom found on the lower level. An open floor plan allows for ease of movement and encourages interaction between family and guests. Granite counter tops, stainless steel appliances, wainscoting, crown moulding and hardwood flooring throughout much of the home are upscale amenities that add elegance and refinement. Backing to a wooded area, enjoy time spent gazing at nature on the screened porch with beadboard ceiling. See for yourself why a home doesn’t have on price to be big on character. to be big Offered at $385,000 3407 Heated Sq Ft Five Bedrooms, Four Full and One Half Baths 46
Sited in Lake Hogan Farms, Chapel Hill
2310 Ridgefield Drive Traditional, generously-sized family homes in a well-established and friendly neighborhood, such as Falconbridge, that are conveniently located seem hard to come by nowadays. But this charming all-brick home, generating street appeal with its stately facade yet situated among pristine landscaping and tall pine trees, boldly defies this misconception. Large living spaces comprise the lower level, and since it is dedicated only to these living areas, they can remain open and spacious. A vaulted sunroom, filled with gorgeous vistas of the garden areas in the back property, opens directly from the great room through double doors set within a wall of windows. Upstairs, four graciously sized bedrooms including the bright, cheery and luxurious master suite grant plenty of space reserved for rest and relaxation. Here, you’ll feel you’ve entered your own private retreat – even though you’re in like
the middle of Chapel Hill and Durham. Offered at $325,000 2428 Heated Sq Ft Four Bedrooms, Three Full and One Half Baths Sited on .39 Acres in Falconbridge
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807 East Oak Drive Great design executed well is both beautiful and enjoyable to live with. And this gorgeous transitional style home on the water in Coles Pond epitomizes that concept. From the stately exterior with its tall, all-brick arched entryway and keystone accent greeting guests, to the pristine landscaping and the exceptional views of it from most lower level rooms, this home is immaculate – inside and out. The two-story foyer and great room establish an open and spacious feel, while well-placed clerestory and lower level windows allow plenty of sunlight to gleam off the hardwood floors. The lower level master suite is both an exquisite owners’ retreat and completely private, with two additional bedrooms mirroring each other and a fourth bedroom/bonus all located on the upper level. Here is an excellent opportunity in a great area – in the heart of Durham with convenient access to I-85, Duke University, fine dining and upscale shopping.
Offered at $325,000 2715 Heated Sq Ft Four Bedrooms, Two Full and One Half Baths 48 30 32
Sited on .29 Acres in Cole's Pond with Water Views
10 Pinnacle Road Whether you're a student, young professional, or just prefer low maintenance living, this impeccable three bedroom, end unit town home in Beech Hill offers an easy yet active lifestyle you'll love – convenient to Duke, UNC, exquisite dining, a variety of shopping options and exciting nightlife. The two-story foyer allows for a spacious and warm welcome, while the raised two-sided fireplace with views from both the living room and the dining room adds a warming glow and ambiance. Nearly floor-to-ceiling picture windows in the living room drench the space with plenty of natural light. Hardwood flooring and Pella windows and doors further an upscale touch of refinement. Another enticing feature is that each bedroom, two on the second level and one on the main, boasts a private bath. The large deck overlooking a secluded, wooded setting is always a great place for relaxation,
contemplation or a good meal.
Offered at $165,000 1710 Heated Sq Ft Three Bedrooms, Three Full and One Half Baths Sited in Beech Hill near Duke University
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Land Brookview The Brookview neighborhood is beautifully sited between Eastwood Lake and the Cedar Falls Park on the north side of Chapel Hill. Cedar Falls Park has a playground, tennis courts, and extensive walking trails through a typical upland forest in Piedmont North Carolina. Learn about the native plant life, look for crawfish and tadpoles in Cedar Falls Creek, or just enjoy communing with nature. An array of shopping and dining is convenient. Neighborhood Chapel Hill schools are nearby.
655 Brookview Road $255,000
  .79 acres cul-de-sac lot basement lot 51
Impervious Surface how does it impact a homeowner
Surfaces that will not allow rainwater infiltration and natural groundwater recharge are defined as impervious. In residential construction these typically include building rooftops, driveways, sidewalks and patios, and any material that water cannot infiltrate or that directly affects the amount of runoff to lakes and streams. 52
awareness Have you ever considered adding an addition to your home? Extending the driveway to create an easier turn around? Building a screen porch? Or a swimming pool? Before calling an architect, a paving company, or going to the local hardware store, best to make a call to the Environmental Planning department or Stormwater Management department of your controlling municipality. Each has separate guidelines, and decisions are made based on each specific request.
purpose The U.S. Census Bureau projects that the U.S. population will grow by 50 million people, or approximately 18 percent, between 2000 and 2020. The question becomes how to maintain and improve water resources during this period of growth. The quality of water impacts us all, and the environmental challenges of the 21st century require sophisticated, innovative solutions.
ground water How does stormwater runoff affect streams? It alters natural hydrology . . . the distribution of water during peak flows. It alters channel morphology leading to increased channel width, increased depth, and reduced bank stability. It alters stream hydraulics, affecting water velocity and sheer stress. It disrupts the balance between sediment supply and transport, generally leading to increased sediment transport and channel erosion. It increases stream temperatures due to the transfer of heat from impervious surfaces to stormwater runoff. It increases the delivery of pollutants from the landscape to the stream. 53
growth Throughout the Triangle cities, towns and neighborhoods are growing. Every day, new buildings or houses are proposed, planned, and built. Local governments, working with planners, citizen groups, and developers, are thinking about where and how this new development can enhance existing neighborhoods and also protect the community's natural environment. The standard measure for impervious is stated as a percentage of the total land area. In rural areas, impervious cover may be as low as one or two percent. While in industrial and commercial areas, it may be as high as seventy percent or more.
common practices Numerous site-level techniques are available to mitigate the impact of higher density on impervious surface. These practices incorporate elements like rain gardens, bioretention areas, and grass swales. Other mitigating practices go even further to include eliminating cul-de-sacs, reducing parking spaces, and narrowing streets.
innovation:
pervious, permeable
& porous pavers
Several manufacturers now sell pervious, permeable and porous pavers. They all require a similar compacted stone aggregate layering process beneath the surface to accept the stormwater and create a "reservoir" prior to the water percolating into the sub-grade or being piped away. The is known as the "paver system." Pervious pavers allow stormwater to percolate through the surface rather than running off into surrounding areas or storm drains. As water runs through, the pavers filter urban pollutants and let the ground below breathe. These pavers also allow tree roots and their supporting microbes to interact. They are manufactured from natural stone and bonded together within a controlled factory environment. Pervious pavers feature the highest water infiltration rate - 10 times higher than pervious concrete and more than 90 times greater than permeable pavers. Permeable pavers are composed of a layer of concrete of fired clay brick. The pavers are separated by joints filled with crushed aggregate. Permeable pavers are different from pervious and porous pavers in that rainwater passes around the paver as opposed to through it. Water enters the joints between the impervious pavers and flows through the 54 "paver system". Permeable is a term used to describe paving methods for roads, parking lots, and walkways.
Porous pavers are manufactures in a variety of designs and materials. Concrete turf block for grass paving began in the mid 1940's, and plastic versions were invented in the late 1970's and early 1980's. Porous pavers generally are a cellular grid system filled with dirt, sand or gravel.
This system provides grass reinforcement, ground stabilization and gravel retention. In addition to load support, the cellular grid reduces compaction of the soil to maintain permeability, while the roots improve water infiltration due to their channels. Porous pavers have been utilized in agriculture. NOT all local municipalities consider pervious, permeable and porous pavers to be pervious. Some count these materials as 40% to 60% pervious depending on the type and use. Some give them no value toward impervious restriction.
Generally speaking pervious, permeable and porous products are similarly priced to conventional products, but labor cost can be higher. An industrious homeowner may choose self installation, but is advised to research the best material to use. Before considering any pervious expansion, always remember to call your local municipality to determine any existing restrictions, and what is allowed.
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North Carolina
Museum of Natural Sci
Since the beginning, mankind has been drawn to the exploration of our physical world. From the discovery of ancient fossils to the habits of creatures we see daily, the desire to know more, understand more and connect more has been
a driving force of exploration. The Museum of Natural Science in Raleigh offers a unique opportunity to connect with the natural forces of our world through interactive experiences and exhibits. With free general admission, it is one of the Triangle's great places to visit at any age.
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ience
bringing science to life
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explore the
Pre
Gr
Lumbering giants of the past almost seem to come to life in the prehistoric exhibits. With a special focus on creatures that once roamed our state and the southeast, these remarkably well-preserved fossils offer a glimpse into a bygone era. The Museum provides a wealth of information regarding habitats, life spans, and general habits of long-extinct animals that dominated our world over 230 million years ago. This exhibit hosts more than 56,000 vertebrates, 55,000 invertebrates and 1,000 paleobotanical specimens, many of which come from the North Carolina Triassic beds in the central part of the state. The Paleontology and Geology Research lab focuses on the evolutionary relationships and paleoecology of theropod dinosaurs . . . including the iconic megapredator Tyrannosaurus Rex.
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ehistoric
ripping arms of the past reach out to entice the curious nature and inquisitive spirit within us.
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L
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Living Creatures
provide hours of enchanted viewing From mountains to coast, ocean to air, each ecosystem on our blue planet has yielded an abundant variety of life. Here at the Museum, it is possible to get a glimpse into the lives of creatures who share our world. These exhibits range from the desert t o tropical rainforests, deep oceans to shallow streams. The Arthropod Zoo inspires fascination with creatures that are often feared or considered "creepy." In fact, these creatures have a starring role in the web of global life, often in ways that go u nseen. The butterfly house not only allows close viewing of beautiful specimens, but also teaches about the critical role they play in pollinating plants we use for food.
The 10,000 gallon aquarium in the Our Changing Ocean gallery represents the look of a typical habitat off of the North Carolina coast. A Bonnethead shark and the invasive lionfish are just a few of the inhabitants.
To explore deep oceans, researchers must raise millions of dollars to use submersibles to reach great depths. Here, a model submersible lets you take a 2,000 foot virtual dive off the NC coast. 61
touch feel
have you ever felt a raccoon? a wolf? a fox? a beaver? a skeleton?
examine
there are drawers of enthralling items waiting to be held and investigated One of the unique elements of the Museum of Natural Science is its emphasis on education and interaction. This is not a place with a strict "look don't touch" policy. Interacton is not only available, it is encouraged. These Curiosity Classrooms host a variety of specimens ranging from insects to mammals to geological formations. What better way to learn more about the physical world than to explore it first hand. Each specimen is tagged and coded. When placed on special tables, a world of information is unlocked. These tables provide details about each individual creature, including habitats, size, life span, diet and more. Compare the skulls of a black bear to that of a coyote or examine the details of small insects and fossils under high-powered microscopes. With thousands of unique creatures to explore, it is impossible to contain innate curiosity to learn more about each one. The two Curiosity Classrooms are open to the public. They are used in Summer Camps and can be reserved for birthday parties.
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The Investigative Labs are another way to experience the Museum. The Natural World Lab allows visitors to observe and study plants, animals or themselves! The Micro World Lab explores genetic engineerng and protozoa alike, creating interaction with the smallest creatures in our world. The Visual World Lab demonstrates the latest simulation technologies scientists use in research.
seeing is believing
see a velvet ant up close, understand how Magnified bird and mammal bones differ . . . from a visual perspective
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North Carolina
from the shore to the mountains
As the state's most popular museum, it is no surprise that there is special attention given to the natural habitats and wildlife that are unique to our area. A two-story waterfall is the centerpiece of the Mountains to Sea exhibit highlighting the interrelationship between each of the three zones in the state of North Carolina.
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Though the Museum does incorporate much of our state into its exhibits, there is more to discover. The WRAL 3-D Theater features documentary films covering the Ice Age, coral reefs and dinosaurs to name only a few. Study weather by uncovering the various methods used by meteorologists and learn about weather stations' satellites and how they differ from weather balloons and rockets. Enjoy the Prairie Ridge Ecostation . . . a 45-acre facility and outdoor classroom featuring a prairie, forest, stream and ponds. This off-site facility furthers the Museum's mission of enhancing public understanding and appreciation of the natural world. Better understand how we connect to nature by investigating the whales and learning how laws and regulations passed aid in the protection of the animals we cohabitate with on this diverse planet.
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Research
begins with
fascination wonder
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&
With so many elements to view and explore, it is possible for visitors to spend days and still only brush the surface of all this exciting museum has to offer. Research is a constant, driving force behind much of what happens here. Touring exhibitions and new events are constantly being added to the schedule. Their website, naturalsciences.org, provides updates regarding current activities and schedules. Another way to keep up with the Museum is by becoming a member. Discounts to special exhibits, behind-thescenes tours, discounts at the Museum store and other perks are available depending on your membership level, and the cost makes it accessible to most. Membership also provides free or discounted admission to over 300 museums worldwide. Explore the wonders of the natural world and unleash your inner scientist. You never know what you might discover.
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C
Cook
Pro
Proud Sponsor o
Children’s Miracle &
Duke Children’s Every day at Duke Children’s Hospital & Health Center, we meet brave children and their families who are in need of hope, answers and, above all, care. For us, meeting the needs of these children and families serves as the driving force behind every one of our missions – from critical care and laboratory research to medical education and children’s health advocacy. Duke Children’s fundraising events and programs are so important. They provide necessary funding to support research, education and family-centered patient care. . 68
For more information about Duke Children’s, visit www.dukechildrens.org
ke
operty
of the
e Network
We are fortunate to have a Miracle hospital here in our area. Duke Hospital has been a part of the Miracle Network since 1984. The Children’s Miracle Network raises unrestricted funds for Duke Children’s Hospital & Health Center. These funds help support research, clinical care, advocacy and family
support programs to help children and families heal both physically and emotionally. Duke Children’s treats over 200,000 patients each year and provides research findings that touch millions of lives worldwide.
Making a Difference
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Lemurs are the most endangered mammals on the earth. At enchanting creatures are thriving and delighting all who see t donations from individuals and sponsors.
Cooke
Property is proud to be a sponsor of
Celebrating  the new Jew  M
The world
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the Duke Lemur Center these them. Their success depends on
f this wonderful program.
wels of Madagascar
d’s lemur population has just expanded by two: twin baby ring-tailed lemurs born at the Duke Lemur Center, both named Princess Julien after Madagascar’s most famous royal lemur, King Julien.
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Cooke Property Inc. 2 Hastings Square Durham, NC 27707
Contact information Lucia Cooke
919. 225.3181
luciacooke@gmail.com Allison Cooke Zimmerman
919.818.5641
aczim11@gmail.com Cecil Cooke
919.599.4302
cecilcooke@gmail.com
C
Cooke
Property
www.cookepropertyinc.com