Fall magazine 14 final for issue

C ooke R eport he T

november 2014

Proud Sponsor of our Future and our Environment

Children’s Miracle Network the Duke Lemur Center

2

C

Cooke

Property

Dear Reader, After many years of discussing it and pondering the possibilities, we have decided to launch our own Real Estate company. It is our pleasure to be addressing you for the first time as Cooke Property Inc. As active real estate brokers in the Triangle market, we have always found it important to stay up-to-date with market trends and movements. We were one of the first agents to have our own website, to dedicate time and resources to upscale photography, to create individual listing brochures in an architectural magazine style, and to produce the Cooke Report with current, locally relevant market statistics. Staying on the cutting edge of market knowledge has served us and our clients well.

The trend we see is buyers turning to websites like Zillow, Trulia, and Realtor.com to find homes that they would like to see. All listings in the MLS system are there and the software systems are designed for easy use on computer and mobile devices. Because of the technology shift, we have decided to form our own real estate company, Cooke Property. This shift allows us to direct additional marketing dollars to advertising on these large servers to give our listings improved internet exposure. We have always been proud of our advertising and our personal “brand”. We see this as an opportunity to progress further in the new technological age.

Between the three of us . . . Allison, Cecil, and Lucia . . . we have over 66 years of experience in the industry. We are consistently ranked in the top, if not the top, realtors in the area. We recognize that those rankings are meaningless unless we respect and meet our clients’ needs.

So whether you are buying or selling a home, there are several aspects of our service that will never change. We will always strive to have superior marketing, we will always focus on the needs of our clients, we will always evaluate the situation at hand with facts and expertise and with our clients’ real estate needs tantamount.

There are also times when change can lead to good things. With that in mind, we promise to continue to change with the times and never remain stagnant.

Lucia,Allison & Cecil

proud owners of Cooke Property

Lucia Cooke 919.225.3181 luciacooke@gmail.com

Allison Zimmerman 919.818.5641 aczim11@gmail.com Fax: 919.402.1416

Cecil Cooke 919.599.4302 cecilcooke@gmail.com

3

4

Third Quarter 2014 Overview Orange County

Inventory:

Traffic:

Pending Sales: Closed Sales:

Supply:

Chapel Hill:

Durham County Inventory:

Traffic:

Pending Sales: Closed Sales:

Supply:

Foreclosures:

Chatham County

Inventory:

Traffic:

Pending Sales: Closed Sales:

Supply:

As compared to 2013, the number of active listings increased by 14%. Of all active listings at the end of the third quarter, 45% had dropped their price at least once. The average price drop was 8%.

There was a 1% increase in showings as compared to the third quarter 2013.

There was a decrease of 2% compared to the third quarter 2013.

Year-to-date closings are down by 15% compared to 2013. The average sales price had not changed as compared to a year ago. Cash transactions accounted for 26% of the closings. The average dollar per sq ft remained the same. The average closed price was $335,900.

Based on third quarter closings, there is a 6 month supply of housing in the county.

Inside the Chapel Hill School District, closings were down 27%, the median sales price decreased by 5%, and the median sales price per sq ft decreased 1%.

As compared to 2013, the number of active listings decreased by 19%. Of all active listings at the end of the third quarter, 42% had dropped their price at least once. The average price drop was 6%.

There was a 9% decrease in showings as compared to the third quarter 2013.

There was an increase of 5% compared to the third quarter 2013.

Year-to-date closings are up by 2% compared to 2013. The average sales price

increased by 5% to $206,800. Cash transactions accounted for 21% of the closings.

Based on third quarter closings, there is a 3 month supply of housing in the county.

Distressed properties account for 6% of the active inventory.

As compared to 2013, the number of active listings increased by 1%. Of all active listings at the end of the third quarter, 35% had dropped their price at least once. The average price drop was 7%.

There was an 8% increase in showings as compared to the third quarter 2013.

Listings with a pending or closed status increased 7% over the third quarter 2013.

Year-to-date closings are up by 6% compared to 2013. The average sales price

increased by 7% as compared to a year ago. Cash transactions accounted for 25% of the closings. The average sales price is $338,500.

Based on third quarter closings, there is a 6 month supply of housing in the county.

5

Cary / Apex / Morrisville

Inventory:

Traffic:

Pending Sales: Closed Sales:

Supply:

Pricing:

As compared to 2013, the number of active listings decreased by 12%. Of all active listings at the end of the third quarter, 40% had dropped their price at least once.

The average price drop was 4%.

There was a 5% increase in showings as compared to the third quarter 2013.

There was an increase of 1% compared to the third quarter 2013.

Year-to-date closings are up by 4% compared to 2013. Cash transactions accounted for 13% of the closings. 51% of the third quarter closings had financial concessions paid by the Seller. The average list price was $387,434.

Based on third quarter closings, there is a 2 month supply of housing in the areas.

Homes that had reduced their price closed at 93% of list price. Homes priced

correctly from initial listing closed for an average of 99% of list price.

Wake County

Inventory:

Traffic:

Pending Sales: Closed Sales:

Supply:

Luxury Homes

6

As compared to 2013, the number of active listings decreased by 4%. At least 40% of all active listings had at least one price drop.

There was a 2% decrease in showings as compared to the end of third quarter 2013.

There was an increase of 24% compared to the third quarter 2013.

Year-to-date closings are up by 3% compared to 2013. The average sales price

was $272,333. Cash transactions accounted for 14% of the closings. The average dollar per sq ft increased by 4%. Closed sales matrix shows that the “sweet spot� in the market are homes priced between $200,000 and $400,000.

Based on third quarter closings, there is a 4 month supply of housing in the county.

Wake Forest has over 25% of active inventory on the market in excess of 90 days, the highest ratio in the county.

priced at $500,000 and above

Inventory:

As compared to 2013, the number of active listings increased by 11%. Of all active

listings at the end of the third quarter, 39% had dropped their price at least once.

The average price drop was 6%.

Traffic:

There was a 19% increase in showings as compared to the third quarter 2013.

Pending Sales: There was an increase of 11% compared to the third quarter 2013, most in the

$500K - $700K price range.

Closed Sales: Year-to-date closings are up by 15% compared to 2013. 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 91% of list price.

Supply:

Homes priced over $700,000 have over a 12 month supply, the number of months

increases as the price goes up. The sale of homes priced over a million dollars remains less than half of the 2007 figure.

Market Report All data is from Triangle MLS. The search periods were as follows: PAST 11/1/2012 to 11/1/2013 RECENT 11/1/2013 to 11/1/2014

7

$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

0 0 0 0 2 1 0 0 1 0 0 0 0 1 3 0 0 0 0 0

recent past

0 0 0 0 139 175 0 0 184 0 0 0 0 195 155 0 0 0 0 0

Dollar per Sq Ft

New Construction Townhome and Condominium

Number of Sales Dollar per Sq Ft

recent past recent past

3 0 2 3 3 4 1 3 0 0 0 0 7 15 17 7 2 1 0 0 167 0 346 325 359 363 450 455 0 0 0 0 295 319 353 391 340 401 0 0

recent past recent past

0 0 0 0 1 4 1 2 2 2 0 0 0 1 3 2 0 1 0 4 0 0 0 0 143 167 189 191 195 208 0 0 0 206 168 170 0 173 0 184

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

1 2 109 123

4 13 147 138

6 1 11 0 187 243 146 0

2 5 305 271

3 3 194 214

1 1 2 0 192 190 173 0

2 0 216 0

2 3 301 213

1 1 90 0

11 13 152 133

46 66 149 142

32 40 166 149

20 25 173 162

19 20 198 189

11 6 200 163

10 7 216 230

Single Family Re-Sale more than 10 years old

Number of Sales Dollar per Sq Ft

recent past recent past

55 58 153 148

15 21 186 195

Townhome and Condominium more than 10 years old

8

Number of Sales Dollar per Sq Ft

recent past recent past

17 70 35 2 0 0 0 0 1 1 20 74 16 6 0 0 0 0 1 0 87 120 161 155 0 0 0 0 215 217 89 114 144 150 0 0 0 0 258 0

greater than $2,000,000

$1,500,000 - $2,000,000

0 0 0

1 0 0

0 0 0

158 0 0

5 0 0 1 0 0 465 0 0

523 0 0

1 0 0

1 0 0

204 0 0

208 0 0

1 0 0 0 0 1 199 0 0 0 0 480

4 0 1 6 2 0 287 0 520 229 311 0

0 0 0 0 0 0

0 0 0

0 0 0

less than $100,000 current inventory: absorption rate:

9 4.9 months

$100,000 - $199,999 current inventory: absorption rate:

48 6.7 months

$200,000 - $299,999 current inventory: absorption rate:

20 2.7 months

$300,000 - $399,999 current inventory: absorption rate:

26 5.1 months

$400,000 - $499,999 current inventory: absorption rate:

29 8.7 months

$500,000 - $599,999 current inventory: absorption rate:

18 6.8 months

$600,000 - $699,999 current inventory: absorption rate:

6 3.3 months

$700,000 - $799,999 current inventory: absorption rate:

13 7.4 months

$800,000 - $899,999 current inventory: absorption rate:

12 8.5 months

$900,000 - $999,999 current inventory: absorption rate:

6 4.8 months

$1,000,000 - $1,499,999 current inventory: absorption rate:

15 16.5 months

$1,500,000 - $2,000,000 current inventory: 3 absorption rate: no sales to compare greater than $2,000,000 current inventory: absorption rate:

7 84.3 months

East Chapel Hill High School

$1,000,000 - $1,499,999

Absorption Rate

9

$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 2 2 12 3 3 1 1 0 0 0 0 2 17 3 4 3 1 0 0 0

0 0

192 0

182 171

144 151

171 163

180 163

190 169

128 0 212 0

New Construction Townhome and Condominium

Number of Sales Dollar per Sq Ft

recent past recent past

0 2 9 13 6 4 0 0 0 1 0 0 24 10 7 1 0 0 2 0 0 118 168 248 248 344 0 0 0 305 0 0 128 272 245 285 0 0 309 0

recent past recent past

0 0 0 0

0 0 0 0

0 3 0 167

2 3 149 159

0 1 0 83

4 10 158 140

9 10 152 125

2 5 55 59

22 23 168 150

7 4 62 62

45 21 138 138

Single Family Re-Sale less than 10 years old

Number of Sales Dollar per Sq Ft

4 10 172 156

3 9 160 165

1 5 134 183

1 3 173 180

1 0 1 1 222 0 208 187

8 1 7 0 110 468 130 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0 0 0 0 0

55 53 168 155

36 39 169 166

19 18 172 151

10 11 160 163

4 2 187 171

4 0 4 0 183 0 188 0

3 4 201 142

2 0 0 0 196 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

Single Family Re-Sale more than 10 years old

Number of Sales Dollar per Sq Ft

recent past recent past

44 26 165 151

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

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

2 0 0 0 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:

4 4.8 months

$100,000 - $199,999 current inventory: absorption rate:

24 3.9 months

$200,000 - $299,999 current inventory: absorption rate:

22 3.3 months

$300,000 - $399,999 current inventory: absorption rate:

32 6.1 months

$400,000 - $499,999 current inventory: absorption rate:

28 5 months

$500,000 - $599,999 current inventory: absorption rate:

19 7.8 months

$600,000 - $699,999 current inventory: absorption rate:

7 6 months

$700,000 - $799,999 current inventory: absorption rate:

4 8 months

$800,000 - $899,999 current inventory: absorption rate:

3 6 months

$900,000 - $999,999 current inventory: absorption rate:

1 12 months

$1,000,000 - $1,499,999 current inventory: absorption rate:

3 no sales to compare

Chapel Hill 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:

1 no sales to compare

11

$500,000 - $599,999

$600,000 - $699,999

1 1

0 0

2 0 0 0 0 0 1 1

0 0

0 0

0 0

177 167

0 0

189 0 0 0 0 0 223 183

recent past recent past

0 0 0 0

2 4 116 103

0 0 1 8 1 0 0 0 198 131 192 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

0 0 0 1 0 0 0 116

0 0 0 1 0 0 0 171

0 1 0 164

0 0 0 0 0 2 1 2 2 2 0 0 0 0 0 195 172 132 207 198

0 0 0 0

1 0 167 0

3 0 7 1 174 0 159 199

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 54

15 15 131 139

17 23 132 134

18 26 149 146

24 27 173 158

14 13 173 166

9 5 2 0 12 4 1 2 181 175 147 0 165 198 148 203

3 5 126 90

33 20 135 134

18 6 21 9 183 178 167 168

1 1 159 176

0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

$900,000 - $999,999

$400,000 - $499,999

0 0 0 1

$800,000 - $899,999

$200,000 - $299,999

0 0

$700,000 - $799,999

$100,000 - $199,999

0 0

$300,000 - $399,999

less than $100,000

Price Range

New Construction Single Family

Number of Sales recent past recent Dollar per Sq Ft past

0 192

New Construction Townhome and Condominium

Number of Sales Dollar per Sq Ft

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

Single Family Re-Sale more than 10 years old

Number of Sales Dollar per Sq Ft

recent past recent past

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 0 0 245 0 0

0 0 0 0 0 0 0 0 0 0 0 0

1 0 0

0 0 0 234 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

2 2 280 198

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:

0 no sales to compare

$100,000 - $199,999 current inventory: absorption rate:

15 3.5 months

$200,000 - $299,999 current inventory: absorption rate:

16 4.9 months

$300,000 - $399,999 current inventory: absorption rate:

9 4.5 months

$400,000 - $499,999 current inventory: absorption rate:

14 6.2 months

$500,000 - $599,999 current inventory: absorption rate:

9 7.8 months

$600,000 - $699,999 current inventory: absorption rate:

4 4.4 months

$700,000 - $799,999 current inventory: absorption rate:

10 24 months

$800,000 - $899,999 current inventory: absorption rate:

2 12 months

$900,000 - $999,999 current inventory: absorption rate:

2 24 months

$1,000,000 - $1,499,999 current inventory: absorption rate:

2 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

$300,000 - $399,999

$400,000 - $499,999

$500,000 - $599,999

$600,000 - $699,999

2 2

5 0 0 0

0 0

0 0 0 2 0 0

0 0

0 0

87 83

90 79

126 0 0 0

0 0

0 0 0 163 0 0

0 0

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

recent past recent past

0 2 5 2 0 1 2 0 1 0 0 5 14 3 4 4 1 1 0 0 0 108 114 103 0 169 181 0 232 0 0 101 107 133 154 168 160 169 0 0

$900,000 - $999,999

$200,000 - $299,999

9 12

$800,000 - $899,999

$100,000 - $199,999

0 0

$700,000 - $799,999

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

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 0 0 0

0 3 0 82

0 0 0 0

0 0 0 0 0 0 0 0

0 0 0 0

7 10 79 58

54 44 115 108

59 52 124 122

13 1 1 9 4 4 147 169 132 115 146 146

1 2 74 60

4 0 97 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

3 3 1 1 202 213 167 198

0 0 0 0

Single Family Re-Sale more than 10 years old

Number of Sales Dollar per Sq Ft

recent past recent past

3 0 196 0

Townhome and Condominium more than 10 years old

14

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

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

3 0 0 0 0 0 204 0 0

0 0 0 0 0 0 0 0 0 0 0 0

1 0 0

2 0 0

234 0 0

180 0 0

0 0 0 0 0 0 0 0 0 0 0 0

less than $100,000 current inventory: absorption rate:

2 1.3 months

$100,000 - $199,999 current inventory: absorption rate:

30 5.2 months

$200,000 - $299,999 current inventory: absorption rate:

26 4.7 months

$300,000 - $399,999 current inventory: absorption rate:

15 8.6 months

$400,000 - $499,999 current inventory: absorption rate:

12 144.5 months

$500,000 - $599,999 current inventory: absorption rate:

7 42.2 months

$600,000 - $699,999 current inventory: absorption rate:

9 21.6 months

$700,000 - $799,999 current inventory: absorption rate:

3 12 months

$800,000 - $899,999 current inventory: absorption rate:

2 6.1 months

$900,000 - $999,999 current inventory: absorption rate:

1 no sales to compare

$1,000,000 - $1,499,999 current inventory: absorption rate:

4 48.2 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:

3 no sales to compare

Cedar Ridge High School

$1,000,000 - $1,499,999

Absorption Rate

15

$500,000 - $599,999

$600,000 - $699,999

4 0 1 6 13 6

0 2

0 0 0 0 1 0 0 0

0 0

96 104

125 0 105 112

136 124

0 0 0 0 142 0 0 0

recent past recent past

0 0 0 0

0 11 0 104

1 0 0 2 0 0 96 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

recent past recent past

0 1 0 89

18 15 100 97

11 14 106 108

5 2 136 136

2 0 0 0 3 2 1 0 151 0 0 0 144 164 152 0

0 0 0 0

12 1 0 0 10 3 0 0 100 96 0 0 92 95 0 0

0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

24 30 58 50

68 75 106 101

1 4 202 192

1 1 0 0 6 0 2 1 143 204 0 0 162 0 161 155

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

133 123

$900,000 - $999,999

$400,000 - $499,999

1 6

recent Number of Sales past recent Dollar per Sq Ft past

$800,000 - $899,999

$200,000 - $299,999

$700,000 - $799,999

$100,000 - $199,999

0 0

New Construction Single Family

$300,000 - $399,999

less than $100,000

Price Range

New Construction Townhome and Condominium

Number of Sales Dollar per Sq Ft

Single Family Re-Sale less than 10 years old

Number of Sales Dollar per Sq Ft

20 22 123 116

10 6 119 117

Townhome and Condominium less than 10 years old

Number of Sales Dollar per Sq Ft

recent past recent past

Single Family Re-Sale more than 10 years old

Number of Sales Dollar per Sq Ft

recent past recent past

45 47 124 128

27 32 134 128

12 9 140 143

Townhome and Condominium more than 10 years old

16

Number of Sales Dollar per Sq Ft

recent past recent past

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

0 0 0 1 0 0 0 0 0

248 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

12 4.4 months

$100,000 - $199,999 current inventory: absorption rate:

39 4.4 months

$200,000 - $299,999 current inventory: absorption rate:

33 6.1 months

$300,000 - $399,999 current inventory: absorption rate:

21 5.4 months

$400,000 - $499,999 current inventory: absorption rate:

22 10.2 months

$500,000 - $599,999 current inventory: absorption rate:

14 24 months

$600,000 - $699,999 current inventory: absorption rate:

5 20 months

$700,000 - $799,999 current inventory: absorption rate:

7 84.3 months

$800,000 - $899,999 current inventory: absorption rate:

4 no sales to compare

$900,000 - $999,999 current inventory: absorption rate:

1 no sales to compare

$1,000,000 - $1,499,999 current inventory: absorption rate:

3 no sales to compare

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:

4 no sales to compare

17

$200,000 - $299,999

$300,000 - $399,999

$400,000 - $499,999

$500,000 - $599,999

$600,000 - $699,999

$700,000 - $799,999

22 25

15 7

3 0

1 1

0 0

0 0

0 0 0 0 0 0

0 23

84 83

98 99

177 0

150 139

0 0

0 0

0 0 0 0 0 0

$900,000 - $999,999

$100,000 - $199,999

0 1

$800,000 - $899,999

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

recent past recent past

0 15 0 0 0 0 0 0 0 0 0 26 3 0 0 0 0 0 0 0 0 72 0 0 0 0 0 0 0 0 0 70 113 0 0 0 0 0 0 0

recent past recent past

4 11 44 50

41 43 82 72

23 27 90 93

12 12 130 114

2 1 1 0 2 0 129 140 239 0 158 0

0 0 0 0 0 0 0 0 0 0 0 0

1 9 80 50

8 6 74 64

2 0 110 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

106 116 48 45

181 173 94 90

77 57 111 103

26 20 126 122

6 4 130 119

2 1 106 109

0 1 0 214

2 0 0 1 0 0 123 0 0 145 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

Single Family Re-Sale more than 10 years old

Number of Sales Dollar per Sq Ft

recent past recent past

Townhome and Condominium more than 10 years old

18

Number of Sales Dollar per Sq Ft

recent past recent past

6 8 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 70 69 0 0 0 0 0 0 0 0 0 120 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 1 0 0 0 0

147 199 0 0 0 0

0 0 0

0 0 0 0 0 0

0 0 0

less than $100,000 current inventory: absorption rate:

29 2.9 months

$100,000 - $199,999 current inventory: absorption rate:

62 2.7 months

$200,000 - $299,999 current inventory: absorption rate:

45 4.6 months

$300,000 - $399,999 current inventory: absorption rate:

25 7.3 months

$400,000 - $499,999 current inventory: absorption rate:

24 32 months

$500,000 - $599,999 current inventory: absorption rate:

8 24.2 months

$600,000 - $699,999 current inventory: absorption rate:

2 8 months

$700,000 - $799,999 current inventory: absorption rate:

3 12 months

$800,000 - $899,999 current inventory: absorption rate:

2 no sales to compare

$900,000 - $999,999 current inventory: absorption rate:

3 no sales to compare

$1,000,000 - $1,499,999 current inventory: absorption rate:

1 12 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:

0 no sales to compare

19

10 2 0 0 2 0 0 0

0 0

105 132 130 134

116 0 110 108

0 176

173 178 0 0 158 0 0 0

recent past recent past

0 0 0 0

54 16 0 0 52 14 0 0 109 132 0 0 103 117 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

1 5 68 56

9 8 8 5 12 9 5 4 95 119 126 120 88 109 132 115

0 1 0 223

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

3 5 57 83

3 8 4 0 22 6 3 1 91 198 246 0 126 137 186 216

0 1 0 182

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

67 66 64 56

205 116 43 13 200 109 28 11 107 131 147 154 104 130 162 158

6 5 172 147

2 5 233 202

35 36 73 72

34 30 109 112

0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

$900,000 - $999,999

$600,000 - $699,999

0 1

$800,000 - $899,999

$500,000 - $599,999

7 0 3 1

$700,000 - $799,999

$400,000 - $499,999

1 4 1 6

$300,000 - $399,999

$100,000 - $199,999

0 0

$200,000 - $299,999

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

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

Single Family Re-Sale more than 10 years old

Number of Sales Dollar per Sq Ft

recent past recent past

2 0 0 2 0 0 164 0 0 143 0 0

Townhome and Condominium more than 10 years old

20

Number of Sales Dollar per Sq Ft

recent past recent past

3 5 0 7 1 2 134 195 0 189 177 167

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 0 0 0 245 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0

1 0 0 0 0 0

210 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:

21 2.4 months

$100,000 - $199,999 current inventory: absorption rate:

76 3 months

$200,000 - $299,999 current inventory: absorption rate:

27 2.1 months

$300,000 - $399,999 current inventory: absorption rate:

22 3.9 months

$400,000 - $499,999 current inventory: absorption rate:

8 5.3 months

$500,000 - $599,999 current inventory: absorption rate:

11 22 months

$600,000 - $699,999 current inventory: absorption rate:

5 5 months

$700,000 - $799,999 current inventory: absorption rate:

9 27.2 months

$800,000 - $899,999 current inventory: absorption rate:

4 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:

1 12 months

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

0 0 0 0

0 1 5 3 1 16 9 1 0 171 158 184 133 182 169 157

1 0 170 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 4 0 50

5 9 111 106

5 6 192 138

6 0 0 0 7 1 0 1 158 0 0 0 154 134 0 156

0 0 0 0

27 24 4 2 17 12 2 1 106 127 166 146 108 133 175 141

0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

27 15

34 44

0 91

125 102

122 128

recent past recent past

recent past recent past

$900,000 - $999,999

154 0 0 0 169 169 156 212

9 1

$800,000 - $899,999

$600,000 - $699,999

162 195

0 1

$700,000 - $799,999

$500,000 - $599,999

128 143 120 152

$300,000 - $399,999

6 0 0 0 5 2 1 1

$200,000 - $299,999

10 6

$100,000 - $199,999

24 34

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

New Construction Townhome and Condominium

Number of Sales Dollar per Sq Ft

Single Family Re-Sale less than 10 years old

Number of Sales Dollar per Sq Ft

18 43 119 110

32 40 113 108

15 14 136 128

Townhome and Condominium less than 10 years old

Number of Sales Dollar per Sq Ft

recent past recent past

Single Family Re-Sale more than 10 years old

Number of Sales Dollar per Sq Ft

recent past recent past

26 161 255 124 39 20 11 12 5 4 20 194 213 101 21 9 12 6 3 5 35 113 119 130 158 167 178 186 178 195 39 109 115 129 145 158 188 201 171 209

Townhome and Condominium more than 10 years old

22

Number of Sales Dollar per Sq Ft

recent past recent past

37 31 70 68

153 11 3 0 108 6 2 1 99 143 169 0 102 124 140 138

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

3 0

0 0 0 0

234 0

0 0 0 0

0 0 0 0

0 3 0 227

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 1 1

2 0 2 222 266 453

243 0 402

0 0 0 0

0 0 0 0

0 0 0 0

16 3 months

$100,000 - $199,999 current inventory: absorption rate:

94 1.1 months

$200,000 - $299,999 current inventory: absorption rate:

71 2.5 months

$300,000 - $399,999 current inventory: absorption rate:

48 2.9 months

$400,000 - $499,999 current inventory: absorption rate:

30 4.3 months

$500,000 - $599,999 current inventory: absorption rate:

16 5.3 months

$600,000 - $699,999 current inventory: absorption rate:

8 4.2 months

$700,000 - $799,999 current inventory: absorption rate:

8 8 months

$800,000 - $899,999 current inventory: absorption rate:

1 2.4 months

$900,000 - $999,999 current inventory: absorption rate:

4 12.1 months

$1,000,000 - $1,499,999 current inventory: absorption rate:

4 12.1 months

Jordan High School

less than $100,000 current inventory: absorption rate:

$1,500,000 - $2,000,000 current inventory: 1 absorption rate: 12 months greater than $2,000,000 current inventory: absorption rate:

5 60.2 months

23

$900,000 - $999,999

$600,000 - $699,999

20 8 2 1 4 1 1 1

$800,000 - $899,999

$500,000 - $599,999 31 15

$700,000 - $799,999

$400,000 - $499,999

1 50 120 90 7 51 112 55

$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

0 142 136 141 141 154 168 184 159 196 0 125 128 141 136 141 183 123 231 203

New Construction Townhome and Condominium

Number of Sales Dollar per Sq Ft

recent past recent past

0 3 4 0 0 0 0 0 0 0 0 10 2 0 0 0 0 0 0 0 0 113 132 0 0 0 0 0 0 0 0 106 127 0 0 0 0 0 0 0

recent past recent past

0 14 72 52 42 20 9 5 1 0 1 24 60 51 41 26 18 9 5 0 0 102 140 147 135 139 158 145 143 0 38 101 129 146 133 145 150 191 170 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

0 9 14 0 0 0 0 0 0 0 0 10 19 0 0 0 0 0 0 0 0 115 146 0 0 0 0 0 0 0 0 117 150 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

15 66 61 48 30 20 6 4 3 1 10 51 56 37 18 14 13 3 2 3 62 109 125 143 172 135 134 155 162 164 44 106 127 145 148 152 158 174 238 149

Townhome and Condominium more than 10 years old

24

Number of Sales Dollar per Sq Ft

recent past recent past

2 6 15 1 0 0 0 0 0 0 1 11 10 3 0 0 0 0 0 0 67 112 115 155 0 0 0 0 0 0 81 106 116 146 0 0 0 0 0 0

greater than $2,000,000

$1,500,000 - $2,000,000

2 0 0 1 0 0

215 0 0 212 0 0

0 0 0 0 0 0 0 0 0 0 0 0

3 0 0 0 2 2 228 0 0 0 185 216

0 0 0 0 0 0

0 0 0 0 0 0

1 0 0 2 0 0 124 0 0 155 0 0

0 0 0 0 0 0 0 0 0 0 0 0

less than $100,000 current inventory: absorption rate:

4 2.1 months

$100,000 - $199,999 current inventory: absorption rate:

36 4.2 months

$200,000 - $299,999 current inventory: absorption rate:

45 2.5 months

$300,000 - $399,999 current inventory: absorption rate:

74 4 months

$400,000 - $499,999 current inventory: absorption rate:

96 7 months

$500,000 - $599,999 current inventory: absorption rate:

76 12.7 months

$600,000 - $699,999 current inventory: absorption rate:

31 10.7 months

$700,000 - $799,999 current inventory: absorption rate:

10 7.1 months

$800,000 - $899,999 current inventory: absorption rate:

10 20 months

$900,000 - $999,999 current inventory: absorption rate:

15 90.4 months

$1,000,000 - $1,499,999 current inventory: absorption rate:

15 45.5 months

$1,500,000 - $2,000,000 current inventory: 3 absorption rate: no sales to compare greater than $2,000,000 current inventory: absorption rate:

6 no sales to compare

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

0 6 24 291 172 79 47 26 10 7 0 2 61 252 134 80 28 10 10 7

0 106 137 129 133 140 156 161 176 179 0 118 119 120 124 140 152 176 191 191

New Construction Townhome and Condominium

Number of Sales Dollar per Sq Ft

recent past recent past

0 0 0 0

86 117 115 109

192 136 126 124

118 13 153 135

1 3 137 145

0 0 0 0

0 0 0 0 1 0 0 0 0 0 0 0 176 0 0 0

recent past recent past

0 0 0 0

5 9 112 118

69 173 124 118

182 194 121 115

115 122 130 128

55 52 140 136

28 23 146 136

5 2 119 89

213 279 107 100

152 138 118 114

20 2 31 6 133 146 124 131

1 1 155 136

3 0 0 0 2 0 0 0 174 0 0 0 193 0 0 0

8 3 65 52

293 356 115 111

702 617 122 115

428 315 124 118

172 127 136 129

82 58 145 143

46 35 154 151

43 50 81 79

288 240 99 95

61 36 124 120

8 3 8 2 142 132 128 118

1 0 242 0

1 0 0 0 1 0 0 0 150 0 0 0 247 0 0 0

Single Family Re-Sale less than 10 years old

Number of Sales Dollar per Sq Ft

17 6 2 13 8 2 148 158 184 138 159 177

Townhome and Condominium less than 10 years old

Number of Sales Dollar per Sq Ft

recent past recent past

Single Family Re-Sale more than 10 years old

Number of Sales Dollar per Sq Ft

recent past recent past

9 9 3 15 2 5 165 170 201 167 233 213

Townhome and Condominium more than 10 years old

26

Number of Sales Dollar per Sq Ft

recent past recent past

greater than $2,000,000

$1,500,000 - $2,000,000

7 1 0

2 0 0

207 207 0 177 0 0

6 0 0 4 2 0

183 0 0 188 191 0

0 0 0 0 0 0

0 0 0 0 0 0

9 2 0 6 0 1 176 204 0 188 0 218

0 0 0 0 0 0 0 0 0 0 0 0

8 1.7 months

$100,000 - $199,999 current inventory: absorption rate:

91 1.2 months

$200,000 - $299,999 current inventory: absorption rate:

162 1.6 months

$300,000 - $399,999 current inventory: absorption rate:

124 1.6 months

$400,000 - $499,999 current inventory: absorption rate:

75 1.9 months

$500,000 - $599,999 current inventory: absorption rate:

53 2.9 months

$600,000 - $699,999 current inventory: absorption rate:

56 5.4 months

$700,000 - $799,999 current inventory: absorption rate:

29 6.7 months

$800,000 - $899,999 current inventory: absorption rate:

16 7.7 months

$900,000 - $999,999 current inventory: absorption rate:

4 4 months

$1,000,000 - $1,499,999 current inventory: absorption rate:

13 7.1 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: 2 absorption rate: 8 months greater than $2,000,000 current inventory: absorption rate:

4 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

$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 6 27 38 26 32 55 36 20 9 0 7 33 39 22 39 32 32 9 3

0 125 120 131 153 175 175 189 203 214 0 135 110 137 152 167 171 177 212 174

New Construction Townhome and Condominium

Number of Sales Dollar per Sq Ft

recent past recent past

0 0 0 0

79 103 117 112

38 16 42 12 146 161 117 184

14 7 189 232

6 5 193 170

1 0 0 0 0 0 0 0 185 0 0 0 0 0 0 0

recent past recent past

0 0 0 0

6 8 122 129

23 44 118 117

26 35 138 128

31 34 148 141

23 26 164 150

12 14 174 168

4 19 77 76

218 245 107 105

153 36 146 38 126 198 125 183

10 10 237 201

1 3 262 167

4 1 0 0 2 5 1 0 259 190 0 0 217 237 279 0

17 23 234 68

393 400 539 109

552 381 547 319 138 158 133 151

150 132 172 162

76 72 189 172

52 28 15 34 22 9 191 204 205 180 192 190

234 260 70 68

539 425 104 101

112 71 138 146

10 10 191 151

4 1 227 125

0 0 1 0 1 0 0 0 0 0 299 0 174 0 0 0

Single Family Re-Sale less than 10 years old

Number of Sales Dollar per Sq Ft

13 9 4 14 3 1 193 175 178 178 192 174

Townhome and Condominium less than 10 years old

Number of Sales Dollar per Sq Ft

recent past recent past

Single Family Re-Sale more than 10 years old

Number of Sales Dollar per Sq Ft

recent past recent past

10 7 204 192

Townhome and Condominium more than 10 years old

28

Number of Sales Dollar per Sq Ft

recent past recent past

31 28 145 152

greater than $2,000,000

$1,500,000 - $2,000,000

$1,000,000 - $1,499,999

Absorption Rate

256 0 467 239 229 0

9 1 1 4 3 0 229 251 238 195 281 0

0 0 0 0 0 0

0 0 0 0 0 0

8 0 1 8 1 2 243 0 537 229 526 324

0 0 0 0 0 0 0 0 0 0 0 0

$100,000 - $199,999 current inventory: absorption rate:

252 2.4 months

$200,000 - $299,999 current inventory: absorption rate:

171 2.3 months

$300,000 - $399,999 current inventory: absorption rate:

130 2.9 months

$400,000 - $499,999 current inventory: absorption rate:

91 4.5 months

$500,000 - $599,999 current inventory: absorption rate:

61 5.2 months

$600,000 - $699,999 current inventory: absorption rate:

49 4.7 months

$700,000 - $799,999 current inventory: absorption rate:

47 7.2 months

$800,000 - $899,999 current inventory: absorption rate:

17 4.5 months

$900,000 - $999,999 current inventory: absorption rate:

11 5.8 months

$1,000,000 - $1,499,999 current inventory: absorption rate:

20 10.9 months

areas 001, 002, and 004

0 0 0 0 0 0 0 0 0 0 0 0

74 3.4 months

Central Raleigh

5 0 1 5 1 0

less than $100,000 current inventory: absorption rate:

$1,500,000 - $2,000,000 current inventory: 9 absorption rate: 108.4 months greater than $2,000,000 current inventory: absorption rate:

5 20 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 renown 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

300 Crimson Oak A masterpiece by Tripp Loyd that is truly better than new. Built in the Colvard Farms neighborhood, with open fields, hardwood groves, pine forests and spectacular ponds, along with an abundant mix of wildlife, it has the look and feel of land you would expect to find only by traveling deep into the countryside. Inside, anticipate exquisite finishes and an open, gracious flow that is perfect for entertaining. There is a custom pool with dual waterfalls, a lower level multi-functional bar, a theater, and gaming and recreation areas. Notice the intricate millwork and cabinetry throughout, including the vaulted study. The kitchen is a chef’s paradise with upscale appointments. All this just minutes away from the convenience of I-40 and Raleigh-Durham International Airport, shopping at The Streets at Southpoint, the recreational amenities of Jordan Lake, the world-renowned Research Triangle Park

and three world-class

universities.

Offered at $1,300,000 7050 Heated Sq Ft Five Bedrooms, Four Full Baths and One Half Bath

34

Sited on .53 Acres in Colvard Farms

1010 Maple Ridge A home should be more than just a house. And this one is. It resides in a neighborhood where friendly neighbors enjoy monthly block parties in the cul-de-sac, an email watch system provides safety and neighbors truly look out for one another. Inside, welcome to a true Arts and Crafts style dynamic home where architecture is art, where craftsmanship is superb, and where minute details render thoughtful consideration.

From the moment of entry you’ll notice the interplay of deep cherry and reflective maple wood mouldings as they encase ceilings, staircases, walls and windows. Representing a home with an open floor plan, the living areas flow seamlessly into each other but are anchored by the great room. Each room in this home possesses a character and style that is unique and refreshing – from the bedrooms (each with its own bath) the lower level bonus areas…from the first floor study to the studio to

over the 3-car garage.

Offered at $1,000,000 5232 Heated Sq Ft

Four Bedroom Suites, Five Full Baths Sited in Chapel Hill Schools on 3.74 Acres

35 33

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 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. Whether it’s the historic nature that this house represents or its proximity to all that Chapel Hill has to offer, you’ll want to call this

residence “home.”

Offered at $1,000,000 3545 Heated Sq Ft Five Bedrooms, Four Full and One Half Baths 30 36 32

Sited on .67 Acres in the Historic District of Chapel Hill

3206 Trail Wood Drive An eye for detail and quality craftsmanship is found throughout this European style home – intricate woodworking, graceful arches, hardwood flooring and pristine sightlines from multiple vantage points.

This thoughtfully designed home boasts over 5,000 square feet among three levels of living space, private sleeping quarters and recreation areas. The living space fulfills its purpose as a gathering place for family and friends, but with elegance and grace. Instant drama is created as the curved balcony overlook cuts a regal line and lifts the eye and draws it upward from the entry foyer to the upper level. There you’ll find three well-proportioned bedrooms and a large upstairs loft. One would expect nothing less from a home built by Scott Daves, who in his own words claims, “Attention to detail” is what separates a Scott Daves home from the rest. After all, most consider Scott a perfectionist, and it

shows in the homes he builds.

Offered at $975,000 5132 Heated Sq Ft Five Bedrooms, Five Full Baths Sited on 1.24 Acres in Croasdaile Farm

37

5915 Saint Mary’s Rd. The gated approach to this home, with horse pastures flanking both sides and a 4-stable barn, leaves nothing to your bewilderment – you’ve entered an equestrian estate. And a luxurious one at that. The property boasts 12 acres of land where your horses can roam and you can ride and explore on a daily basis. And privately situated towards the rear of the property, far from the view of the street, is the all-brick Georgian style residence. Views to graciously sized rooms allude to the grandeur of the home, marked by the pine flooring throughout, three masonry fireplaces, extensive crown moulding and intricate woodworking. A large and bright sunroom, a paneled study with built-in bookshelves, a full unfinished basement offering plenty of storage, and an abundance of balconies and stone terraces complete this immaculate home.

However, the in-ground, concrete pool in the backyard offers a cool way to unwind after a day of riding.

Offered at $925,000 4921 Heated Sq Ft Four Bedrooms, Four Full and Two Half Baths 30 38 32

Sited on 12.01 Acres

412 John’s Woods Road This exquisite home, nestled amongst lush greenery and natural beauty, is sure to delight all of your senses. Its casual elegance is perfectly aligned with its setting. Once inside it is obvious that this home is not your average dwelling. It was designed to capture natural light and exterior views. The open floor plan includes an abundance of living space – a great room, a formal living room and a secondary family room. The reclaimed, fumed white oak floors and the recent whole house renovation and addition display the attention to every detail considered in this home. And the best way to enjoy the unrivaled, beautifully landscaped setting includes relaxing on the screened porch with slate flooring or lounging in the 36’x17’ in-ground pool with stone surround. Located only minutes from all that Chapel Hill has to offer, this serene home and backdrop will leave you feeling like you are on your own private retreat.

Offered at $875,000 4058 Heated Sq Ft Four Bedrooms, Four Full and One Half Baths Sited on 2.58 Acres in Chapel Hill Schools

37 39

2537 Bittersweet Drive In 2004 BuildMaster, a highly acclaimed custom home builder, constructed this home. The owners have increased its appeal by additions to interior and exterior decor and by keeping it in meticulous condition. Like a Swiss clock, you can sense the solid inner workings and the longevity and performance they provide. This brick Georgian home is complete with all the requisite features – clean, uncluttered lines and spacious rooms throughout. Amenities include high ceilings with deep mouldings, a first floor master suite with spa bath and private terrace, iron railings with curved loft overlook, and stainless steel appliances – a gas cooktop, double ovens and a warming drawer. And all of this on an exquisite private lot with pristine views and immaculate landscaping in Croasdaile Farm, where the hills are covered by a patchwork of forest and meadow, yet the distant Durham skyline reminds you of the easy

access to city conveniences.

Offered at $850,000 4883 Heated Sq Ft Four Bedrooms, Three Full and One Half Baths 30 40 32

Sited on .81 Acres in Croasdaile Farm

113 Silver Glade Pl. A superb home in a superb location. It is practically impossible to find a level lot that is over a half acre in Chapel Hill that is fenced and in a cul-de-sac. Inside is an immaculate three story, five bedroom home with recent upgrades and a delightful layout for family living. The main level incorporates a formal living room, family room and sunroom all back-to-back for easy flow from one living space to the next. The family room opens to the spacious kitchen and breakfast rooms. Access to the fabulous screen porch is found in this area. With its high ceiling and its twenty-two by almost sixteen foot dimensions, the outside room can accommodate intimate evenings at home to large gatherings. The master suite is located on the upper level. Its generous size allows for a sitting area. There are three additional bedrooms and two full baths on level, as well as a bonus room with back stairs to the kitchen area. the

The third floor hosts bedroom

an additional suite and exercise room.

Offered at $845,000 4800 Heated Sq Ft Five Bedrooms, Four Full Baths and One Half Bath Sited on .56 Acres in Silver Creek

41 33

18 Cortona Drive Here is a home where one level living is designed and executed to perfection. Time-honored materials boast welcoming patinas that express sophistication with refined elegance. Located in Maida Vale, a community influenced with a Mediterranean style, this residence takes architectural and decorative cues from that mood which radiates from old-world Europe. Strong indoor-out connections strengthen the home’s livability and exude a casual ambiance that can relax even the most upscale of rooms. This elegant-but-casual approach fosters a friendly, inviting lifestyle that encourages friends and family to gather. Upscale amenities such as deep inset trey and vaulted ceilings, exceptional building materials, full size baseboards and crown molding, immaculate landscaping, stunning views through an abundance of windows, granite countertops and Viking appliances merge to serve as of substance a palette for a home to enjoy.

Offered at $575,000 2853 Heated Sq Ft Three Bedroom Suites, Three Full and One Half Baths 30 42 32

Sited on .22 Acres in Maida Vale

201 Villa Drive Located in the Treyburn community of Durham, this exquisite villa with a private courtyard and pool and covered walkway colonnade has recently undergone extensive renovations – windows have been replaced throughout, a new roof has been added, and the electrical and plumbing have been updated. The interior has even been refreshed with new carpet and paint. And the kitchen boasts new dual ovens and a dishwasher. For the wine enthusiast, a wine cellar is located near the front entry. High ceilings offer tall windows and dramatic views of the golf course. Each bedroom is en suite, with three bedrooms found on the second level and the master on the main. The master suite connects to a spacious study with a built-in corner desk with adjoining bookcases. Dual private master bathrooms boast their own closets.

They connect through a shared room that features a deep, six-jetted

and a separate

tub shower.

An amazing opportunity for refined living.

Offered at $550,000 4191 Heated Sq Ft Four Bedrooms, Four Full and One Half Baths Sited on .23 Acres in Treyburn

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655 Brookview Road 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. The neighborhood Chapel Hill Schools have a reputation for excellence. .79 acres

cul-de-sac

basement lot

$255,000

44

the

North Carolina Farm House Lucia Cooke

s e l c tr i

A the

Jewels of Madagascar

Allison Zimmerman photography by David Haring 45

North Carolina farmhouse

46

Lives on

Our Heritage 47

Kerr Patton House

Circa 1758

50 48

Perhaps, farmhouses seem more alive than other houses, for their histories record tightly-knit cycles of work, love, respect and loyalty . . . values that are elusive and yet appealing.

The comfortably worn edges on the stair risers and hearthstones, the original glass windows that ripple in the sunlight, the floorboards that creak, all speak of the families nurtured here . . . the perseverance of its owners . . . and the comfort and shelter the farmhouse provided.

Farmhouses are a reminder of an era that has all but disappeared. They remind us of the courage of early pioneers and settlers who sustained a physically and emotionally demanding lifestyle. A lifestyle that confronted the unpredictability of “living off the land.”

1758

Eighteen years prior to the Revolutionary War, Samuel and Mary Kerr built this one and a half story farmhouse in Orange County. It originally consisted of two rooms on the main level (each with a stone fireplace) and an enclosed staircase to the room above where children would have slept. The architecture was known as the Colonial frame “hall and parlor” plan.

The

fireplace pictured above was used for cooking meals. mantle and firebox are original to the house.

The

The Kerr Patton House was strategically located adjacent to the Great (Indian) Trading Path. The house was once a stagecoach stop. The trading trail is flanked by a white oak tree that is reportedly over 300 years old and boasts a circumference of over nineteen feet.

For most of our history, America has been a nation of farmers. Owning land was, and still is, an essential part of the American Dream. It has always represented freedom, autonomy, and an opportunity to make one’s own way in the world.

Fertile land, and plenty of it, was perhaps the greatest tangible asset this country had to offer. It has shaped our history, our development, and even our values. Fundamentally practical farmhomes chronicle the development of the nation, tracing both expansion and growing prosperity.

We Are People Shaped By The Land

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In accordance with Federal architecture style, the Kerr Patton House was

expanded to include the exquisite parlor pictured below. A double-shouldered handmade brick chimney

historically supports the mantle and hearth seen here. The ceiling height (over 10 feet) allowed tall windows for elegance and the air circulation essential for comfort in warmer months.

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B

1807

y the nineteenth century our

country was expanding

and so were farmhomes. They were required to be versatile and meet changing needs.

The home was the center of all family activities and chores. A formal side was shown in front public rooms, whereas the hard-working kitchen, buttery, and pantry were strictly utilitarian.

As families grew, so did the house: a two room structure would become a three room dwelling.

Many expansions had a catslide, with a lean-to grafted on its back.

Bennett Place: Catslide Addition Many farmhouses were updated to reflect prevailing tastes and construction improvements.

Typically, larger-paned windows replaced their predecessors and a more fashionable entryway was added including a paneled door and glazed transom. With multiple remodelings over the years, the farmhouse is rarely, if ever, the same as it began.

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1807

T

he Kerr Patton expansion in 1807 also included a master bedroom upstairs with the luxury of a handsome fireplace and the privacy of separate accommodations. Quite a luxury in its day.

The wide plank virgin heart pine walls are the same as those below in the formal parlor.

Simplicity of purpose is a common thread found in farmhomes throughout the country. The architecture epitomizes the integrity of basic forms and accessible materials, making it fitting for the climate, surroundings and geographics.

The appeal of country homes is enhanced by their hand-hewn individualism and heritage of native charm. As early life evolved, they were modified to serve many generations of the same family.

Farmhomes chronicle the development of our country, tracing both its expansion and growing prosperity.

52

1823

A full gable kitchen wing was added in 1823. It provided a generous area for roasting, baking, churning butter and other household chores. Access was created to a deep side porch to cool down from the hot kitchen to prepare produce for the upcoming meals.

Mary Kerr was the sister of Nathanael (frequently misspelled Nathaniel) Greene, the Revolutionary War hero. Nathanael was known for his successful command in the Southern Campaign, forcing British general Charles Cornwallis to abandon the Carolinas and head for Virginia. He emerged from the war with a reputation as George Washington’s most gifted and dependable officer. When Nathanael Greene’s wife died, he came to live temporarily in Orange County with his sister, Mary, and her husband. He met and married an Orange County woman before returning to his homeplace.

Samuel

and

Mary’s

son,

David,

was elected by his professor peers as the first “acting president” of

University Samuel

and

Mary

of

were early ancestors of two

North Carolina.

NC governors: W. Kerr Scott

and

The

Robert Scott.

53

Jewels of Madagascar

Duke Lemur Center 54

A bit of Madagascar

in Durham, North Carolina 57 55

Nestled comfortably on 70 acres of Duke Forest is one of the Triangle’s most fascinating and underdiscovered delights ... the Duke Lemur Center. Here, research, conservation, and natural wonder come together to form an engaging atmosphere for professionals and casual viewers alike. But in order to understand how exceptional the DLC really is, you first need to meet its incredible inhabitants ... the Lemurs of Madagascar.

Lemurs are found in the wild only on the island of Madagascar. Their story and evolution are not only demonstrative of survival instincts but also of natural curiosity and creativity. The island broke away from the African continent long before Lemurs existed. As the number of primate species exploded on the mainland, the first Lemurs crossed the Mozambique Channel in a random rafting event occuring millions of years ago. Small bands, usually families, of Lemurs were trapped in floating

Calm mind brings inner strength and self-confidence, so that’s very important for good health.

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~ Dalai Lama

Look deep into nature, and you will understand everything better.

-Albert Einstein debris. Swiftly flowing rivers carried them out to sea, across the Channel, and finally landing on the island of Madagascar. This crossing created the opportunity for the Lemurs to evolve separately from other primate varieties as well as ceate a vast array of Lemur species.

The various climate niches on the island required the animals to adapt in ways not seen in other primates. Hybernation or torpor, seasonal fat storage, strict breeding seasons and female societal dominance are just a few of the many Lemur traits that are seen in no other primate on the planet. Sadly, it is also the most endangered mammal on the planet. The Duke Lemur Center houses the largest collection of Lemurs outside of Madagascar. Their conservation efforts, breeding programs, education and research allow us all to preserve and protect these fascinating creatures here and in their native land.

59 57

But it is really difficult to understand how exceptional they are without meeting them.

Raven is a native of the dry, deciduous forests in Western and Southern Madagascar. The normal diet of seeds, nectar and small insects is highly seasonal. In a stroke of evolutionary genious, this Lemur adapted to use its tail for fat storage in lean seasons and before entering the torpor state in the winter. Though other varieties also enter a torpor state, the Fat Tailed Dwarf Lemur’s is the longest.

It is the torpor state that is fascinating. Typically, it slows the metabolism, rendering the animal not fully awake and not fully asleep. But these Lemurs acutally sleep during torpor. The science behind this could open incredibly interesting areas of study including human hybernation like sleep during long surgeries or space exploration.

Raven

Fat Tailed Dwarf Lemur

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Many Lemurs were once catagorized as subspecies of other varieties. This is true of Mosi, a Crowned Lemur. He and his kind were thought to be a sub-species of Mongoose Lemurs until recently. Native to a small area of land in the Northern section of the island, much of their habitat has been destroyed by deforestation.

Mosi W

Comet

the Red Ruffed Lemur

Nosferatu

Rufted Lemurs are located in the Northern forests of Madagascar. Their thick coats protect them from the unpredictable, seasonal weather. The species spends most of its life in the canopy, spending relatively little time on the ground. While most Lemurs travel in smaller family communities, some of these Lemurs live with groups of up to 32 individuals.

the Aye Aye

There is a reason this Aye Aye has such an ominous sounding name. In his native land, there is negative Fady or taboo surrounding his species. The stories range from village to village, but all believe he is a bad omen or bringer of death. Often, if this nocturnal creature is spotted, he will be killed or the villagers will burn their village to the ground and move. Nosy, as the Duke Lemur Center nick-named him, is content eating his snack.

Within the world of Lemurs there is great diversity of size, diet, social behavior and coloration. Each is uniquely adapted to its habitat. The Duke Lemur Center has created remarkable facilities offering indoor/outdoor experiences to create a stimulating environment for each of these varied groups.

Enrichment programs keep these intelligent Lemurs mentally active, as well as physically healthy. Each diet is different and 250+ meals are made on site, per day to cater to individual needs.

59

Babie are

60

es e Here Summer Science Camp & Art & Writing Camp Available As a leader in the world of Lemur conservation, the DLC participates in numerous efforts both domestically and in Madagascar to protect and preserve habitats and species. Reforestation, education programs, and ecological technology and innovation are just a few of the efforts in place to protect and preserve Lemurs in their homeland.

But what they do domestically is no less impressive. Breeding programs both within the center and in cooperation with other facilities help keep the most at risk of these endangered primates at more sustainable population levels. The Blue Eyed Black Lemur, seen on the bottom left, is testament to that goal. His variety of Lemur is the most endangered of the Lemurs housed at the DLC. There are others in the wild also highly at risk.

The research conducted also offers a fascinating glimpse into what Lemurs can teach us about ourselves and the broader world. Areas of study include pheromone secretion, sleep habits, locomotion and the evolution of human intelligence. And when looking at the picture above, it is hard not to wonder - who is doing the studying?

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And what is even more incredible is that only a portion of the funding comes from Duke. The remainder is raised through donations, foundations and grants. Cooke Property is

proud to be a donor to this one-of-a-kind program.

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B

eware. These enchanting, curious creatures will steal your

heart.

There are other conservation centers and research facilities in the US and around the globe, but few offer the public the ability to interact with their efforts in the same way as the DLC. A variety of tours are available to the public. Photographic tours allow people to enter into the forests with the Lemurs and observe their behavior in the wild.

Guided tours offer a glimpse into the facility and introduce you to around ten different Lemur species, while explaining their unique evolution as well as their similarities.

It is even possible to go behind the scenes and share in the experience of the technicians and volunteers who make every day function.

Summer camps create an unrivaled opportunity for youths to learn about primatology, study behavior and engage their curiosity about the larger ecological and biological world.

Here, in the heart of Durham, we have a treasure. A place that inspires scientists, intrigues youth, and offers a glimpse into our past. I challenge anyone to go here and not instantly fall in love with these jewels of Madagascar ... I know I did.

For additional information about the Duke Lemur Center, please visit their website lemur.duke.edu or call (919) 489-3364 62

Going to the Source the Madagascar Experience

In 2015, the DLC is offering a chance of a lifetime ... the opportunity to travel to Madagascar with one of the foremost professionals in the field of Lemur conservation and study.

Charles Welch has lived and worked in Madagascar for 15 years, was knighted by the government for his conservation efforts, and has extensive knowledge of the culture and environment. It is truly an experience. Contact the DLC or visit their website at http://lemur.duke.edu/protect/ conservation/madagascar-trip-2014/ for details.

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“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 familycentered patient care.”

Children’s Miracle Network Hospitals Helping Local Kids

HOSPITAL & HEALTH CENTER 64

Making Miracles Happen

You see, Micole loves life. Micole is also a fighter.

Mildred had initially brushed off her daughter’s complaints of a sore leg as “growing pains” until the day 10-year-old Micole fell in the playground. At the doctor’s appointment that followed, she learned the unthinkable.

Micole had osteosarcoma—bone cancer—in her right leg. The doctor sent Micole immediately to Duke Children’s Hospital & Health Center for further testing.

Since her first visit to Duke Children’s, Micole has undergone 10 pre-surgical visits, a 7-hour surgery to insert a steel “bone” under the skin of her diseased leg and 20 post-surgical visits. Most of these hospital visits have been for either chemotherapy or physical rehabilitation. Her last treatment day was a time of mixed emotions for Micole. Though very happy to have completed her chemotherapy treatments and rehabilitation, she knew she would miss all the friends she had made at Duke Children’s.

Although she missed a great deal of school for her treatments, she maintained her honor roll status in the sixth grade, stayed active in Girl Scouts and volunteering, and was honored as Student of the Month at her middle

school. She has a great attitude and a beautiful smile. She loves to talk and hopes one day to be a lawyer. As a high school student, Micole has won several entrepreneurship grants to establish a math tutoring program to help middle school students.

Micole is another example of the many amazing kids Duke Children’s Hospital & Health Center helps each and every day.

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Where we love is home - home that our feet may leave, but not our hearts.

Oliver Wendell Holmes, Sr.

We hope your new year is filled with joyful learning, abundant opportunity, and pleasure in all you do.

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

w w w.co okeprop er t yi nc.com