Patrick Lawson - Downtown Condos - September 2020

PATRICK LAWSON REALTOR®/BROKER

1520 Glenwood Avenue Raleigh, North Carolina 27603

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

ADVANTAGE

Each office independently owned and operated.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

See All Listings and Recent Sales at www.RaleighDowntownCondo.com

ACTIVE

222 Glenwood Unit 316 2 Beds | 2 Baths 1,236 Est. Sq. Ft. Offered at $344,900

HUDSON PREFERRED CONDOS OF DOWNTOWN

Call Patrick today at 919.669.3937 for a private tour!

ACTIVE

239 New Bern Place Unit 201

REAL ESTATE MARKET REPORT | SEPTEMBER 2020

2 Beds | 2 Baths 1,155 Est. Sq. Ft. Offered at $365,000

PREPARED ESPECIALLY FOR

JOHNATHAN AND ANGELA-MARIE WILLIAMS

PRESENTED BY

PATRICK LAWSON Your Hudson Real Estate Specialist

ADVANTAGE

PATRICK LAWSON REALTOR®/BROKER

ADVANTAGE

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

Downtown Condos Recently active

THIRD QUARTER

REAL ESTATE TRENDS

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

LP per Sq/Ft

222 Glenwood

1

1.0

900

$265,000

$308

222 Glenwood

2

2.0

1,200

$345,000

$281

222 Glenwood

2

2.0

1,200

$345,000

$279

222 Glenwood

2

2.0

1,200

$358,000

$306

222 Glenwood

2

2.0

1,200

$360,000

$291

The Cotton Mill

3

3.0

2,400

$750,000

$307

The Dawson

1

1.0

800

$300,000

$360

The Dawson

2

2.0

1,100

$385,000

$337

The Dawson

2

2.0

1,200

$417,000

$356

The Dawson

4

3.0

3,000

$900,000

$297

Hillsborough

2

2.0

1,100

$325,000

$285

Hudson

2

2.0

1,500

$455,000

$301

Hudson

2

2.0

1,600

$479,000

$294

Paramount

1

1.0

1,000

$300,000

$306

Paramount

2

2.0

1,100

$490,000

$437

Paramount

2

2.0

1,200

$494,000

$424

Paramount

2

2.0

1,300

$520,000

$387

Paramount

2

2.0

1,500

$575,000

$392

Park Devereux

2

2.0

1,400

$420,000

$300

PNC Plaza

1

1.0

1,000

$400,000

$391

PNC Plaza

2

2.0

1,100

$440,000

$392

PNC Plaza

3

3.0

2,000

$899,000

$450

The Quorum

2

2.0

1,300

$620,000

$491

The Quorum

2

2.1

1,700

$785,000

$458

The Quorum

2

2.1

1,700

$825,000

$473

The Quorum

2

2.0

2,000

$895,000

$454

West Condominiums

1

1.0

700

$244,000

$357

West Condominiums

1

1.0

1,100

$283,000

$267

West Condominiums

1

1.0

1,000

$293,000

$284

West Condominiums

1

1.0

1,000

$300,000

$290

West Condominiums

2

2.0

1,100

$340,000

$307

West Condominiums

1

1.0

900

$350,000

$385

West Condominiums

2

2.0

1,200

$387,000

$326

Paperless Mortgage Process

Home Prices Are Holding Up

Despite the sharp downturn in the economy, bidding wars are common, as eager buyers compete for limited inventory.

Millennials are Starting to Buy

Preferred Downtown Condos Current Market Activity

Millennials want to buy homes and are poised to jump into the market.

Some foresee a boom in home buying in the coming years.

The industry has moved to a completely digital process with breathtaking speed.

More loans are likely to close quickly.

Shopping for Homes is Viral

Virtual tours allow homes to be sold despite buyers never setting foot in the home. More Realtors are investing in technology.

Low Rates are Here to Stay

Many economists expect rates to remain low and possibly trend lower.

This increases buyer’s purchasing power and drives up prices.

Johnathan and Angela-Marie, Now is the time to take advantage of the unique market! Call me today at 919.669.3937.

There are 14 Downtown Condos Currently Under contract

For more information on any of these properties, call me today at 919.669.3937.

Downtown Condos SOLD in the past 30 days Address

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

Sold Price**

Sold Date

323 W Jones Street #1425

The Quorum

2

2.1

1,500

$635,000

$625,000

08/21/20

400 W North Street #900

West Condominiums

1

1.0

1,000

$286,000

$280,000

08/07/20

400 W North Street #1528

West Condominiums

1

1.0

1,000

$315,000

$308,000

07/27/20

400 W North Street #616

West Condominiums

1

2.0

1,100

$325,000

$325,000

07/27/20

Patrick Lawson and RE/MAX Advantage are not in any way affiliated with Downtown Condos Owners Association, nor is this in any way an official advertisement or publication of Downtown Condos. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Triangle MLS between July 25th, 2020 and August 24th, 2020.

Listings and sales may not be those of RE/MAX Advantage. The Triangle MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates a number rounded to the nearest 100. **Indicates a number rounded to the nearest 1,000.

PATRICK LAWSON REALTOR®/BROKER

1520 Glenwood Avenue Raleigh, North Carolina 27603

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

ADVANTAGE

Each office independently owned and operated.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

See All Listings and Recent Sales at www.RaleighDowntownCondo.com

ACTIVE

222 Glenwood Unit 316 2 Beds | 2 Baths 1,236 Est. Sq. Ft. Offered at $344,900

PARK DEVEREUX PREFERRED CONDOS OF DOWNTOWN

Call Patrick today at 919.669.3937 for a private tour!

ACTIVE

239 New Bern Place Unit 201

REAL ESTATE MARKET REPORT | SEPTEMBER 2020

2 Beds | 2 Baths 1,155 Est. Sq. Ft. Offered at $365,000

PREPARED ESPECIALLY FOR

JOHNATHAN AND ANGELA-MARIE WILLIAMS

PRESENTED BY

PATRICK LAWSON Your Park Devereux Real Estate Specialist

ADVANTAGE

PATRICK LAWSON REALTOR®/BROKER

ADVANTAGE

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

Downtown Condos Recently active

THIRD QUARTER

REAL ESTATE TRENDS

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

LP per Sq/Ft

222 Glenwood

1

1.0

900

$265,000

$308

222 Glenwood

2

2.0

1,200

$345,000

$281

222 Glenwood

2

2.0

1,200

$345,000

$279

222 Glenwood

2

2.0

1,200

$358,000

$306

222 Glenwood

2

2.0

1,200

$360,000

$291

The Cotton Mill

3

3.0

2,400

$750,000

$307

The Dawson

1

1.0

800

$300,000

$360

The Dawson

2

2.0

1,100

$385,000

$337

The Dawson

2

2.0

1,200

$417,000

$356

The Dawson

4

3.0

3,000

$900,000

$297

Hillsborough

2

2.0

1,100

$325,000

$285

Hudson

2

2.0

1,500

$455,000

$301

Hudson

2

2.0

1,600

$479,000

$294

Paramount

1

1.0

1,000

$300,000

$306

Paramount

2

2.0

1,100

$490,000

$437

Paramount

2

2.0

1,200

$494,000

$424

Paramount

2

2.0

1,300

$520,000

$387

Paramount

2

2.0

1,500

$575,000

$392

Park Devereux

2

2.0

1,400

$420,000

$300

PNC Plaza

1

1.0

1,000

$400,000

$391

PNC Plaza

2

2.0

1,100

$440,000

$392

PNC Plaza

3

3.0

2,000

$899,000

$450

The Quorum

2

2.0

1,300

$620,000

$491

The Quorum

2

2.1

1,700

$785,000

$458

The Quorum

2

2.1

1,700

$825,000

$473

The Quorum

2

2.0

2,000

$895,000

$454

West Condominiums

1

1.0

700

$244,000

$357

West Condominiums

1

1.0

1,100

$283,000

$267

West Condominiums

1

1.0

1,000

$293,000

$284

West Condominiums

1

1.0

1,000

$300,000

$290

West Condominiums

2

2.0

1,100

$340,000

$307

West Condominiums

1

1.0

900

$350,000

$385

West Condominiums

2

2.0

1,200

$387,000

$326

Paperless Mortgage Process

Home Prices Are Holding Up

Despite the sharp downturn in the economy, bidding wars are common, as eager buyers compete for limited inventory.

Millennials are Starting to Buy

Preferred Downtown Condos Current Market Activity

Millennials want to buy homes and are poised to jump into the market.

Some foresee a boom in home buying in the coming years.

The industry has moved to a completely digital process with breathtaking speed.

More loans are likely to close quickly.

Shopping for Homes is Viral

Virtual tours allow homes to be sold despite buyers never setting foot in the home. More Realtors are investing in technology.

Low Rates are Here to Stay

Many economists expect rates to remain low and possibly trend lower.

This increases buyer’s purchasing power and drives up prices.

Johnathan and Angela-Marie, Now is the time to take advantage of the unique market! Call me today at 919.669.3937.

There are 14 Downtown Condos Currently Under contract

For more information on any of these properties, call me today at 919.669.3937.

Downtown Condos SOLD in the past 30 days Address

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

Sold Price**

Sold Date

323 W Jones Street #1425

The Quorum

2

2.1

1,500

$635,000

$625,000

08/21/20

400 W North Street #900

West Condominiums

1

1.0

1,000

$286,000

$280,000

08/07/20

400 W North Street #1528

West Condominiums

1

1.0

1,000

$315,000

$308,000

07/27/20

400 W North Street #616

West Condominiums

1

2.0

1,100

$325,000

$325,000

07/27/20

Patrick Lawson and RE/MAX Advantage are not in any way affiliated with Downtown Condos Owners Association, nor is this in any way an official advertisement or publication of Downtown Condos. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Triangle MLS between July 25th, 2020 and August 24th, 2020.

Listings and sales may not be those of RE/MAX Advantage. The Triangle MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates a number rounded to the nearest 100. **Indicates a number rounded to the nearest 1,000.

PATRICK LAWSON REALTOR®/BROKER

1520 Glenwood Avenue Raleigh, North Carolina 27603

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

ADVANTAGE

Each office independently owned and operated.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

See All Listings and Recent Sales at www.RaleighDowntownCondo.com

ACTIVE

222 Glenwood Unit 316 2 Beds | 2 Baths 1,236 Est. Sq. Ft. Offered at $344,900

HILLSBOROUGH PREFERRED CONDOS OF DOWNTOWN

Call Patrick today at 919.669.3937 for a private tour!

ACTIVE

239 New Bern Place Unit 201

REAL ESTATE MARKET REPORT | SEPTEMBER 2020

2 Beds | 2 Baths 1,155 Est. Sq. Ft. Offered at $365,000

PREPARED ESPECIALLY FOR

JOHNATHAN AND ANGELA-MARIE WILLIAMS

PRESENTED BY

PATRICK LAWSON Your Hillsborough Real Estate Specialist

ADVANTAGE

PATRICK LAWSON REALTOR®/BROKER

ADVANTAGE

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

Downtown Condos Recently active

THIRD QUARTER

REAL ESTATE TRENDS

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

LP per Sq/Ft

222 Glenwood

1

1.0

900

$265,000

$308

222 Glenwood

2

2.0

1,200

$345,000

$281

222 Glenwood

2

2.0

1,200

$345,000

$279

222 Glenwood

2

2.0

1,200

$358,000

$306

222 Glenwood

2

2.0

1,200

$360,000

$291

The Cotton Mill

3

3.0

2,400

$750,000

$307

The Dawson

1

1.0

800

$300,000

$360

The Dawson

2

2.0

1,100

$385,000

$337

The Dawson

2

2.0

1,200

$417,000

$356

The Dawson

4

3.0

3,000

$900,000

$297

Hillsborough

2

2.0

1,100

$325,000

$285

Hudson

2

2.0

1,500

$455,000

$301

Hudson

2

2.0

1,600

$479,000

$294

Paramount

1

1.0

1,000

$300,000

$306

Paramount

2

2.0

1,100

$490,000

$437

Paramount

2

2.0

1,200

$494,000

$424

Paramount

2

2.0

1,300

$520,000

$387

Paramount

2

2.0

1,500

$575,000

$392

Park Devereux

2

2.0

1,400

$420,000

$300

PNC Plaza

1

1.0

1,000

$400,000

$391

PNC Plaza

2

2.0

1,100

$440,000

$392

PNC Plaza

3

3.0

2,000

$899,000

$450

The Quorum

2

2.0

1,300

$620,000

$491

The Quorum

2

2.1

1,700

$785,000

$458

The Quorum

2

2.1

1,700

$825,000

$473

The Quorum

2

2.0

2,000

$895,000

$454

West Condominiums

1

1.0

700

$244,000

$357

West Condominiums

1

1.0

1,100

$283,000

$267

West Condominiums

1

1.0

1,000

$293,000

$284

West Condominiums

1

1.0

1,000

$300,000

$290

West Condominiums

2

2.0

1,100

$340,000

$307

West Condominiums

1

1.0

900

$350,000

$385

West Condominiums

2

2.0

1,200

$387,000

$326

Paperless Mortgage Process

Home Prices Are Holding Up

Despite the sharp downturn in the economy, bidding wars are common, as eager buyers compete for limited inventory.

Millennials are Starting to Buy

Preferred Downtown Condos Current Market Activity

Millennials want to buy homes and are poised to jump into the market.

Some foresee a boom in home buying in the coming years.

The industry has moved to a completely digital process with breathtaking speed.

More loans are likely to close quickly.

Shopping for Homes is Viral

Virtual tours allow homes to be sold despite buyers never setting foot in the home. More Realtors are investing in technology.

Low Rates are Here to Stay

Many economists expect rates to remain low and possibly trend lower.

This increases buyer’s purchasing power and drives up prices.

Johnathan and Angela-Marie, Now is the time to take advantage of the unique market! Call me today at 919.669.3937.

There are 14 Downtown Condos Currently Under contract

For more information on any of these properties, call me today at 919.669.3937.

Downtown Condos SOLD in the past 30 days Address

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

Sold Price**

Sold Date

323 W Jones Street #1425

The Quorum

2

2.1

1,500

$635,000

$625,000

08/21/20

400 W North Street #900

West Condominiums

1

1.0

1,000

$286,000

$280,000

08/07/20

400 W North Street #1528

West Condominiums

1

1.0

1,000

$315,000

$308,000

07/27/20

400 W North Street #616

West Condominiums

1

2.0

1,100

$325,000

$325,000

07/27/20

Patrick Lawson and RE/MAX Advantage are not in any way affiliated with Downtown Condos Owners Association, nor is this in any way an official advertisement or publication of Downtown Condos. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Triangle MLS between July 25th, 2020 and August 24th, 2020.

Listings and sales may not be those of RE/MAX Advantage. The Triangle MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates a number rounded to the nearest 100. **Indicates a number rounded to the nearest 1,000.

PATRICK LAWSON REALTOR®/BROKER

1520 Glenwood Avenue Raleigh, North Carolina 27603

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

ADVANTAGE

Each office independently owned and operated.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

See All Listings and Recent Sales at www.RaleighDowntownCondo.com

ACTIVE

222 Glenwood Unit 316 2 Beds | 2 Baths 1,236 Est. Sq. Ft. Offered at $344,900

BLOOMSBURY ESTATES PREFERRED CONDOS OF DOWNTOWN

Call Patrick today at 919.669.3937 for a private tour!

ACTIVE

239 New Bern Place Unit 201

REAL ESTATE MARKET REPORT | SEPTEMBER 2020

2 Beds | 2 Baths 1,155 Est. Sq. Ft. Offered at $365,000

PREPARED ESPECIALLY FOR

JOHNATHAN AND ANGELA-MARIE WILLIAMS

PRESENTED BY

PATRICK LAWSON Your Bloomsbury Estates Real Estate Specialist

ADVANTAGE

PATRICK LAWSON REALTOR®/BROKER

ADVANTAGE

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

Downtown Condos Recently active

THIRD QUARTER

REAL ESTATE TRENDS

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

LP per Sq/Ft

222 Glenwood

1

1.0

900

$265,000

$308

222 Glenwood

2

2.0

1,200

$345,000

$281

222 Glenwood

2

2.0

1,200

$345,000

$279

222 Glenwood

2

2.0

1,200

$358,000

$306

222 Glenwood

2

2.0

1,200

$360,000

$291

The Cotton Mill

3

3.0

2,400

$750,000

$307

The Dawson

1

1.0

800

$300,000

$360

The Dawson

2

2.0

1,100

$385,000

$337

The Dawson

2

2.0

1,200

$417,000

$356

The Dawson

4

3.0

3,000

$900,000

$297

Hillsborough

2

2.0

1,100

$325,000

$285

Hudson

2

2.0

1,500

$455,000

$301

Hudson

2

2.0

1,600

$479,000

$294

Paramount

1

1.0

1,000

$300,000

$306

Paramount

2

2.0

1,100

$490,000

$437

Paramount

2

2.0

1,200

$494,000

$424

Paramount

2

2.0

1,300

$520,000

$387

Paramount

2

2.0

1,500

$575,000

$392

Park Devereux

2

2.0

1,400

$420,000

$300

PNC Plaza

1

1.0

1,000

$400,000

$391

PNC Plaza

2

2.0

1,100

$440,000

$392

PNC Plaza

3

3.0

2,000

$899,000

$450

The Quorum

2

2.0

1,300

$620,000

$491

The Quorum

2

2.1

1,700

$785,000

$458

The Quorum

2

2.1

1,700

$825,000

$473

The Quorum

2

2.0

2,000

$895,000

$454

West Condominiums

1

1.0

700

$244,000

$357

West Condominiums

1

1.0

1,100

$283,000

$267

West Condominiums

1

1.0

1,000

$293,000

$284

West Condominiums

1

1.0

1,000

$300,000

$290

West Condominiums

2

2.0

1,100

$340,000

$307

West Condominiums

1

1.0

900

$350,000

$385

West Condominiums

2

2.0

1,200

$387,000

$326

Paperless Mortgage Process

Home Prices Are Holding Up

Despite the sharp downturn in the economy, bidding wars are common, as eager buyers compete for limited inventory.

Millennials are Starting to Buy

Preferred Downtown Condos Current Market Activity

Millennials want to buy homes and are poised to jump into the market.

Some foresee a boom in home buying in the coming years.

The industry has moved to a completely digital process with breathtaking speed.

More loans are likely to close quickly.

Shopping for Homes is Viral

Virtual tours allow homes to be sold despite buyers never setting foot in the home. More Realtors are investing in technology.

Low Rates are Here to Stay

Many economists expect rates to remain low and possibly trend lower.

This increases buyer’s purchasing power and drives up prices.

Johnathan and Angela-Marie, Now is the time to take advantage of the unique market! Call me today at 919.669.3937.

There are 14 Downtown Condos Currently Under contract

For more information on any of these properties, call me today at 919.669.3937.

Downtown Condos SOLD in the past 30 days Address

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

Sold Price**

Sold Date

323 W Jones Street #1425

The Quorum

2

2.1

1,500

$635,000

$625,000

08/21/20

400 W North Street #900

West Condominiums

1

1.0

1,000

$286,000

$280,000

08/07/20

400 W North Street #1528

West Condominiums

1

1.0

1,000

$315,000

$308,000

07/27/20

400 W North Street #616

West Condominiums

1

2.0

1,100

$325,000

$325,000

07/27/20

Patrick Lawson and RE/MAX Advantage are not in any way affiliated with Downtown Condos Owners Association, nor is this in any way an official advertisement or publication of Downtown Condos. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Triangle MLS between July 25th, 2020 and August 24th, 2020.

Listings and sales may not be those of RE/MAX Advantage. The Triangle MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates a number rounded to the nearest 100. **Indicates a number rounded to the nearest 1,000.

PATRICK LAWSON REALTOR®/BROKER

1520 Glenwood Avenue Raleigh, North Carolina 27603

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

ADVANTAGE

Each office independently owned and operated.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

See All Listings and Recent Sales at www.RaleighDowntownCondo.com

ACTIVE

222 Glenwood Unit 316 2 Beds | 2 Baths 1,236 Est. Sq. Ft. Offered at $344,900

222 GLENWOOD PREFERRED CONDOS OF DOWNTOWN

Call Patrick today at 919.669.3937 for a private tour!

ACTIVE

239 New Bern Place Unit 201

REAL ESTATE MARKET REPORT | SEPTEMBER 2020

2 Beds | 2 Baths 1,155 Est. Sq. Ft. Offered at $365,000

PREPARED ESPECIALLY FOR

JOHNATHAN AND ANGELA-MARIE WILLIAMS

PRESENTED BY

PATRICK LAWSON Your 222 Glenwood Real Estate Specialist

ADVANTAGE

PATRICK LAWSON REALTOR®/BROKER

ADVANTAGE

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

Downtown Condos Recently active

THIRD QUARTER

REAL ESTATE TRENDS

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

LP per Sq/Ft

222 Glenwood

1

1.0

900

$265,000

$308

222 Glenwood

2

2.0

1,200

$345,000

$281

222 Glenwood

2

2.0

1,200

$345,000

$279

222 Glenwood

2

2.0

1,200

$358,000

$306

222 Glenwood

2

2.0

1,200

$360,000

$291

The Cotton Mill

3

3.0

2,400

$750,000

$307

The Dawson

1

1.0

800

$300,000

$360

The Dawson

2

2.0

1,100

$385,000

$337

The Dawson

2

2.0

1,200

$417,000

$356

The Dawson

4

3.0

3,000

$900,000

$297

Hillsborough

2

2.0

1,100

$325,000

$285

Hudson

2

2.0

1,500

$455,000

$301

Hudson

2

2.0

1,600

$479,000

$294

Paramount

1

1.0

1,000

$300,000

$306

Paramount

2

2.0

1,100

$490,000

$437

Paramount

2

2.0

1,200

$494,000

$424

Paramount

2

2.0

1,300

$520,000

$387

Paramount

2

2.0

1,500

$575,000

$392

Park Devereux

2

2.0

1,400

$420,000

$300

PNC Plaza

1

1.0

1,000

$400,000

$391

PNC Plaza

2

2.0

1,100

$440,000

$392

PNC Plaza

3

3.0

2,000

$899,000

$450

The Quorum

2

2.0

1,300

$620,000

$491

The Quorum

2

2.1

1,700

$785,000

$458

The Quorum

2

2.1

1,700

$825,000

$473

The Quorum

2

2.0

2,000

$895,000

$454

West Condominiums

1

1.0

700

$244,000

$357

West Condominiums

1

1.0

1,100

$283,000

$267

West Condominiums

1

1.0

1,000

$293,000

$284

West Condominiums

1

1.0

1,000

$300,000

$290

West Condominiums

2

2.0

1,100

$340,000

$307

West Condominiums

1

1.0

900

$350,000

$385

West Condominiums

2

2.0

1,200

$387,000

$326

Paperless Mortgage Process

Home Prices Are Holding Up

Despite the sharp downturn in the economy, bidding wars are common, as eager buyers compete for limited inventory.

Millennials are Starting to Buy

Preferred Downtown Condos Current Market Activity

Millennials want to buy homes and are poised to jump into the market.

Some foresee a boom in home buying in the coming years.

The industry has moved to a completely digital process with breathtaking speed.

More loans are likely to close quickly.

Shopping for Homes is Viral

Virtual tours allow homes to be sold despite buyers never setting foot in the home. More Realtors are investing in technology.

Low Rates are Here to Stay

Many economists expect rates to remain low and possibly trend lower.

This increases buyer’s purchasing power and drives up prices.

Johnathan and Angela-Marie, Now is the time to take advantage of the unique market! Call me today at 919.669.3937.

There are 14 Downtown Condos Currently Under contract

For more information on any of these properties, call me today at 919.669.3937.

Downtown Condos SOLD in the past 30 days Address

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

Sold Price**

Sold Date

323 W Jones Street #1425

The Quorum

2

2.1

1,500

$635,000

$625,000

08/21/20

400 W North Street #900

West Condominiums

1

1.0

1,000

$286,000

$280,000

08/07/20

400 W North Street #1528

West Condominiums

1

1.0

1,000

$315,000

$308,000

07/27/20

400 W North Street #616

West Condominiums

1

2.0

1,100

$325,000

$325,000

07/27/20

Patrick Lawson and RE/MAX Advantage are not in any way affiliated with Downtown Condos Owners Association, nor is this in any way an official advertisement or publication of Downtown Condos. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Triangle MLS between July 25th, 2020 and August 24th, 2020.

Listings and sales may not be those of RE/MAX Advantage. The Triangle MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates a number rounded to the nearest 100. **Indicates a number rounded to the nearest 1,000.

PATRICK LAWSON REALTOR®/BROKER

1520 Glenwood Avenue Raleigh, North Carolina 27603

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

ADVANTAGE

Each office independently owned and operated.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

See All Listings and Recent Sales at www.RaleighDowntownCondo.com

ACTIVE

222 Glenwood Unit 316 2 Beds | 2 Baths 1,236 Est. Sq. Ft. Offered at $344,900

PARAMOUNT PREFERRED CONDOS OF DOWNTOWN

Call Patrick today at 919.669.3937 for a private tour!

ACTIVE

239 New Bern Place Unit 201

REAL ESTATE MARKET REPORT | SEPTEMBER 2020

2 Beds | 2 Baths 1,155 Est. Sq. Ft. Offered at $365,000

PREPARED ESPECIALLY FOR

JOHNATHAN AND ANGELA-MARIE WILLIAMS

PRESENTED BY

PATRICK LAWSON Your Paramount Real Estate Specialist

ADVANTAGE

PATRICK LAWSON REALTOR®/BROKER

ADVANTAGE

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

Downtown Condos Recently active

THIRD QUARTER

REAL ESTATE TRENDS

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

LP per Sq/Ft

222 Glenwood

1

1.0

900

$265,000

$308

222 Glenwood

2

2.0

1,200

$345,000

$281

222 Glenwood

2

2.0

1,200

$345,000

$279

222 Glenwood

2

2.0

1,200

$358,000

$306

222 Glenwood

2

2.0

1,200

$360,000

$291

The Cotton Mill

3

3.0

2,400

$750,000

$307

The Dawson

1

1.0

800

$300,000

$360

The Dawson

2

2.0

1,100

$385,000

$337

The Dawson

2

2.0

1,200

$417,000

$356

The Dawson

4

3.0

3,000

$900,000

$297

Hillsborough

2

2.0

1,100

$325,000

$285

Hudson

2

2.0

1,500

$455,000

$301

Hudson

2

2.0

1,600

$479,000

$294

Paramount

1

1.0

1,000

$300,000

$306

Paramount

2

2.0

1,100

$490,000

$437

Paramount

2

2.0

1,200

$494,000

$424

Paramount

2

2.0

1,300

$520,000

$387

Paramount

2

2.0

1,500

$575,000

$392

Park Devereux

2

2.0

1,400

$420,000

$300

PNC Plaza

1

1.0

1,000

$400,000

$391

PNC Plaza

2

2.0

1,100

$440,000

$392

PNC Plaza

3

3.0

2,000

$899,000

$450

The Quorum

2

2.0

1,300

$620,000

$491

The Quorum

2

2.1

1,700

$785,000

$458

The Quorum

2

2.1

1,700

$825,000

$473

The Quorum

2

2.0

2,000

$895,000

$454

West Condominiums

1

1.0

700

$244,000

$357

West Condominiums

1

1.0

1,100

$283,000

$267

West Condominiums

1

1.0

1,000

$293,000

$284

West Condominiums

1

1.0

1,000

$300,000

$290

West Condominiums

2

2.0

1,100

$340,000

$307

West Condominiums

1

1.0

900

$350,000

$385

West Condominiums

2

2.0

1,200

$387,000

$326

Paperless Mortgage Process

Home Prices Are Holding Up

Despite the sharp downturn in the economy, bidding wars are common, as eager buyers compete for limited inventory.

Millennials are Starting to Buy

Preferred Downtown Condos Current Market Activity

Millennials want to buy homes and are poised to jump into the market.

Some foresee a boom in home buying in the coming years.

The industry has moved to a completely digital process with breathtaking speed.

More loans are likely to close quickly.

Shopping for Homes is Viral

Virtual tours allow homes to be sold despite buyers never setting foot in the home. More Realtors are investing in technology.

Low Rates are Here to Stay

Many economists expect rates to remain low and possibly trend lower.

This increases buyer’s purchasing power and drives up prices.

Johnathan and Angela-Marie, Now is the time to take advantage of the unique market! Call me today at 919.669.3937.

There are 14 Downtown Condos Currently Under contract

For more information on any of these properties, call me today at 919.669.3937.

Downtown Condos SOLD in the past 30 days Address

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

Sold Price**

Sold Date

323 W Jones Street #1425

The Quorum

2

2.1

1,500

$635,000

$625,000

08/21/20

400 W North Street #900

West Condominiums

1

1.0

1,000

$286,000

$280,000

08/07/20

400 W North Street #1528

West Condominiums

1

1.0

1,000

$315,000

$308,000

07/27/20

400 W North Street #616

West Condominiums

1

2.0

1,100

$325,000

$325,000

07/27/20

Patrick Lawson and RE/MAX Advantage are not in any way affiliated with Downtown Condos Owners Association, nor is this in any way an official advertisement or publication of Downtown Condos. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Triangle MLS between July 25th, 2020 and August 24th, 2020.

Listings and sales may not be those of RE/MAX Advantage. The Triangle MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates a number rounded to the nearest 100. **Indicates a number rounded to the nearest 1,000.

PATRICK LAWSON REALTOR®/BROKER

1520 Glenwood Avenue Raleigh, North Carolina 27603

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

ADVANTAGE

Each office independently owned and operated.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

See All Listings and Recent Sales at www.RaleighDowntownCondo.com

ACTIVE

222 Glenwood Unit 316 2 Beds | 2 Baths 1,236 Est. Sq. Ft. Offered at $344,900

510 GLENWOOD PREFERRED CONDOS OF DOWNTOWN

Call Patrick today at 919.669.3937 for a private tour!

ACTIVE

239 New Bern Place Unit 201

REAL ESTATE MARKET REPORT | SEPTEMBER 2020

2 Beds | 2 Baths 1,155 Est. Sq. Ft. Offered at $365,000

PREPARED ESPECIALLY FOR

JOHNATHAN AND ANGELA-MARIE WILLIAMS

PRESENTED BY

PATRICK LAWSON Your 510 Glenwood Real Estate Specialist

ADVANTAGE

PATRICK LAWSON REALTOR®/BROKER

ADVANTAGE

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

Downtown Condos Recently active

THIRD QUARTER

REAL ESTATE TRENDS

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

LP per Sq/Ft

222 Glenwood

1

1.0

900

$265,000

$308

222 Glenwood

2

2.0

1,200

$345,000

$281

222 Glenwood

2

2.0

1,200

$345,000

$279

222 Glenwood

2

2.0

1,200

$358,000

$306

222 Glenwood

2

2.0

1,200

$360,000

$291

The Cotton Mill

3

3.0

2,400

$750,000

$307

The Dawson

1

1.0

800

$300,000

$360

The Dawson

2

2.0

1,100

$385,000

$337

The Dawson

2

2.0

1,200

$417,000

$356

The Dawson

4

3.0

3,000

$900,000

$297

Hillsborough

2

2.0

1,100

$325,000

$285

Hudson

2

2.0

1,500

$455,000

$301

Hudson

2

2.0

1,600

$479,000

$294

Paramount

1

1.0

1,000

$300,000

$306

Paramount

2

2.0

1,100

$490,000

$437

Paramount

2

2.0

1,200

$494,000

$424

Paramount

2

2.0

1,300

$520,000

$387

Paramount

2

2.0

1,500

$575,000

$392

Park Devereux

2

2.0

1,400

$420,000

$300

PNC Plaza

1

1.0

1,000

$400,000

$391

PNC Plaza

2

2.0

1,100

$440,000

$392

PNC Plaza

3

3.0

2,000

$899,000

$450

The Quorum

2

2.0

1,300

$620,000

$491

The Quorum

2

2.1

1,700

$785,000

$458

The Quorum

2

2.1

1,700

$825,000

$473

The Quorum

2

2.0

2,000

$895,000

$454

West Condominiums

1

1.0

700

$244,000

$357

West Condominiums

1

1.0

1,100

$283,000

$267

West Condominiums

1

1.0

1,000

$293,000

$284

West Condominiums

1

1.0

1,000

$300,000

$290

West Condominiums

2

2.0

1,100

$340,000

$307

West Condominiums

1

1.0

900

$350,000

$385

West Condominiums

2

2.0

1,200

$387,000

$326

Paperless Mortgage Process

Home Prices Are Holding Up

Despite the sharp downturn in the economy, bidding wars are common, as eager buyers compete for limited inventory.

Millennials are Starting to Buy

Preferred Downtown Condos Current Market Activity

Millennials want to buy homes and are poised to jump into the market.

Some foresee a boom in home buying in the coming years.

The industry has moved to a completely digital process with breathtaking speed.

More loans are likely to close quickly.

Shopping for Homes is Viral

Virtual tours allow homes to be sold despite buyers never setting foot in the home. More Realtors are investing in technology.

Low Rates are Here to Stay

Many economists expect rates to remain low and possibly trend lower.

This increases buyer’s purchasing power and drives up prices.

Johnathan and Angela-Marie, Now is the time to take advantage of the unique market! Call me today at 919.669.3937.

There are 14 Downtown Condos Currently Under contract

For more information on any of these properties, call me today at 919.669.3937.

Downtown Condos SOLD in the past 30 days Address

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

Sold Price**

Sold Date

323 W Jones Street #1425

The Quorum

2

2.1

1,500

$635,000

$625,000

08/21/20

400 W North Street #900

West Condominiums

1

1.0

1,000

$286,000

$280,000

08/07/20

400 W North Street #1528

West Condominiums

1

1.0

1,000

$315,000

$308,000

07/27/20

400 W North Street #616

West Condominiums

1

2.0

1,100

$325,000

$325,000

07/27/20

Patrick Lawson and RE/MAX Advantage are not in any way affiliated with Downtown Condos Owners Association, nor is this in any way an official advertisement or publication of Downtown Condos. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Triangle MLS between July 25th, 2020 and August 24th, 2020.

Listings and sales may not be those of RE/MAX Advantage. The Triangle MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates a number rounded to the nearest 100. **Indicates a number rounded to the nearest 1,000.

PATRICK LAWSON REALTOR®/BROKER

1520 Glenwood Avenue Raleigh, North Carolina 27603

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

ADVANTAGE

Each office independently owned and operated.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

See All Listings and Recent Sales at www.RaleighDowntownCondo.com

ACTIVE

222 Glenwood Unit 316 2 Beds | 2 Baths 1,236 Est. Sq. Ft. Offered at $344,900

WEST PREFERRED CONDOS OF DOWNTOWN

Call Patrick today at 919.669.3937 for a private tour!

ACTIVE

239 New Bern Place Unit 201

REAL ESTATE MARKET REPORT | SEPTEMBER 2020

2 Beds | 2 Baths 1,155 Est. Sq. Ft. Offered at $365,000

PREPARED ESPECIALLY FOR

JOHNATHAN AND ANGELA-MARIE WILLIAMS

PRESENTED BY

PATRICK LAWSON Your West Real Estate Specialist

ADVANTAGE

PATRICK LAWSON REALTOR®/BROKER

ADVANTAGE

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

Downtown Condos Recently active

THIRD QUARTER

REAL ESTATE TRENDS

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

LP per Sq/Ft

222 Glenwood

1

1.0

900

$265,000

$308

222 Glenwood

2

2.0

1,200

$345,000

$281

222 Glenwood

2

2.0

1,200

$345,000

$279

222 Glenwood

2

2.0

1,200

$358,000

$306

222 Glenwood

2

2.0

1,200

$360,000

$291

The Cotton Mill

3

3.0

2,400

$750,000

$307

The Dawson

1

1.0

800

$300,000

$360

The Dawson

2

2.0

1,100

$385,000

$337

The Dawson

2

2.0

1,200

$417,000

$356

The Dawson

4

3.0

3,000

$900,000

$297

Hillsborough

2

2.0

1,100

$325,000

$285

Hudson

2

2.0

1,500

$455,000

$301

Hudson

2

2.0

1,600

$479,000

$294

Paramount

1

1.0

1,000

$300,000

$306

Paramount

2

2.0

1,100

$490,000

$437

Paramount

2

2.0

1,200

$494,000

$424

Paramount

2

2.0

1,300

$520,000

$387

Paramount

2

2.0

1,500

$575,000

$392

Park Devereux

2

2.0

1,400

$420,000

$300

PNC Plaza

1

1.0

1,000

$400,000

$391

PNC Plaza

2

2.0

1,100

$440,000

$392

PNC Plaza

3

3.0

2,000

$899,000

$450

The Quorum

2

2.0

1,300

$620,000

$491

The Quorum

2

2.1

1,700

$785,000

$458

The Quorum

2

2.1

1,700

$825,000

$473

The Quorum

2

2.0

2,000

$895,000

$454

West Condominiums

1

1.0

700

$244,000

$357

West Condominiums

1

1.0

1,100

$283,000

$267

West Condominiums

1

1.0

1,000

$293,000

$284

West Condominiums

1

1.0

1,000

$300,000

$290

West Condominiums

2

2.0

1,100

$340,000

$307

West Condominiums

1

1.0

900

$350,000

$385

West Condominiums

2

2.0

1,200

$387,000

$326

Paperless Mortgage Process

Home Prices Are Holding Up

Despite the sharp downturn in the economy, bidding wars are common, as eager buyers compete for limited inventory.

Millennials are Starting to Buy

Preferred Downtown Condos Current Market Activity

Millennials want to buy homes and are poised to jump into the market.

Some foresee a boom in home buying in the coming years.

The industry has moved to a completely digital process with breathtaking speed.

More loans are likely to close quickly.

Shopping for Homes is Viral

Virtual tours allow homes to be sold despite buyers never setting foot in the home. More Realtors are investing in technology.

Low Rates are Here to Stay

Many economists expect rates to remain low and possibly trend lower.

This increases buyer’s purchasing power and drives up prices.

Johnathan and Angela-Marie, Now is the time to take advantage of the unique market! Call me today at 919.669.3937.

There are 14 Downtown Condos Currently Under contract

For more information on any of these properties, call me today at 919.669.3937.

Downtown Condos SOLD in the past 30 days Address

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

Sold Price**

Sold Date

323 W Jones Street #1425

The Quorum

2

2.1

1,500

$635,000

$625,000

08/21/20

400 W North Street #900

West Condominiums

1

1.0

1,000

$286,000

$280,000

08/07/20

400 W North Street #1528

West Condominiums

1

1.0

1,000

$315,000

$308,000

07/27/20

400 W North Street #616

West Condominiums

1

2.0

1,100

$325,000

$325,000

07/27/20

Patrick Lawson and RE/MAX Advantage are not in any way affiliated with Downtown Condos Owners Association, nor is this in any way an official advertisement or publication of Downtown Condos. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Triangle MLS between July 25th, 2020 and August 24th, 2020.

Listings and sales may not be those of RE/MAX Advantage. The Triangle MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates a number rounded to the nearest 100. **Indicates a number rounded to the nearest 1,000.

PATRICK LAWSON REALTOR®/BROKER

1520 Glenwood Avenue Raleigh, North Carolina 27603

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

ADVANTAGE

Each office independently owned and operated.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

See All Listings and Recent Sales at www.RaleighDowntownCondo.com

ACTIVE

222 Glenwood Unit 316 2 Beds | 2 Baths 1,236 Est. Sq. Ft. Offered at $344,900

THE QUORUM PREFERRED CONDOS OF DOWNTOWN

Call Patrick today at 919.669.3937 for a private tour!

ACTIVE

239 New Bern Place Unit 201

REAL ESTATE MARKET REPORT | SEPTEMBER 2020

2 Beds | 2 Baths 1,155 Est. Sq. Ft. Offered at $365,000

PREPARED ESPECIALLY FOR

JOHNATHAN AND ANGELA-MARIE WILLIAMS

PRESENTED BY

PATRICK LAWSON Your Quorum Real Estate Specialist

ADVANTAGE

PATRICK LAWSON REALTOR®/BROKER

ADVANTAGE

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

Downtown Condos Recently active

THIRD QUARTER

REAL ESTATE TRENDS

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

LP per Sq/Ft

222 Glenwood

1

1.0

900

$265,000

$308

222 Glenwood

2

2.0

1,200

$345,000

$281

222 Glenwood

2

2.0

1,200

$345,000

$279

222 Glenwood

2

2.0

1,200

$358,000

$306

222 Glenwood

2

2.0

1,200

$360,000

$291

The Cotton Mill

3

3.0

2,400

$750,000

$307

The Dawson

1

1.0

800

$300,000

$360

The Dawson

2

2.0

1,100

$385,000

$337

The Dawson

2

2.0

1,200

$417,000

$356

The Dawson

4

3.0

3,000

$900,000

$297

Hillsborough

2

2.0

1,100

$325,000

$285

Hudson

2

2.0

1,500

$455,000

$301

Hudson

2

2.0

1,600

$479,000

$294

Paramount

1

1.0

1,000

$300,000

$306

Paramount

2

2.0

1,100

$490,000

$437

Paramount

2

2.0

1,200

$494,000

$424

Paramount

2

2.0

1,300

$520,000

$387

Paramount

2

2.0

1,500

$575,000

$392

Park Devereux

2

2.0

1,400

$420,000

$300

PNC Plaza

1

1.0

1,000

$400,000

$391

PNC Plaza

2

2.0

1,100

$440,000

$392

PNC Plaza

3

3.0

2,000

$899,000

$450

The Quorum

2

2.0

1,300

$620,000

$491

The Quorum

2

2.1

1,700

$785,000

$458

The Quorum

2

2.1

1,700

$825,000

$473

The Quorum

2

2.0

2,000

$895,000

$454

West Condominiums

1

1.0

700

$244,000

$357

West Condominiums

1

1.0

1,100

$283,000

$267

West Condominiums

1

1.0

1,000

$293,000

$284

West Condominiums

1

1.0

1,000

$300,000

$290

West Condominiums

2

2.0

1,100

$340,000

$307

West Condominiums

1

1.0

900

$350,000

$385

West Condominiums

2

2.0

1,200

$387,000

$326

Paperless Mortgage Process

Home Prices Are Holding Up

Despite the sharp downturn in the economy, bidding wars are common, as eager buyers compete for limited inventory.

Millennials are Starting to Buy

Preferred Downtown Condos Current Market Activity

Millennials want to buy homes and are poised to jump into the market.

Some foresee a boom in home buying in the coming years.

The industry has moved to a completely digital process with breathtaking speed.

More loans are likely to close quickly.

Shopping for Homes is Viral

Virtual tours allow homes to be sold despite buyers never setting foot in the home. More Realtors are investing in technology.

Low Rates are Here to Stay

Many economists expect rates to remain low and possibly trend lower.

This increases buyer’s purchasing power and drives up prices.

Johnathan and Angela-Marie, Now is the time to take advantage of the unique market! Call me today at 919.669.3937.

There are 14 Downtown Condos Currently Under contract

For more information on any of these properties, call me today at 919.669.3937.

Downtown Condos SOLD in the past 30 days Address

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

Sold Price**

Sold Date

323 W Jones Street #1425

The Quorum

2

2.1

1,500

$635,000

$625,000

08/21/20

400 W North Street #900

West Condominiums

1

1.0

1,000

$286,000

$280,000

08/07/20

400 W North Street #1528

West Condominiums

1

1.0

1,000

$315,000

$308,000

07/27/20

400 W North Street #616

West Condominiums

1

2.0

1,100

$325,000

$325,000

07/27/20

Patrick Lawson and RE/MAX Advantage are not in any way affiliated with Downtown Condos Owners Association, nor is this in any way an official advertisement or publication of Downtown Condos. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Triangle MLS between July 25th, 2020 and August 24th, 2020.

Listings and sales may not be those of RE/MAX Advantage. The Triangle MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates a number rounded to the nearest 100. **Indicates a number rounded to the nearest 1,000.

PATRICK LAWSON REALTOR®/BROKER

1520 Glenwood Avenue Raleigh, North Carolina 27603

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

ADVANTAGE

Each office independently owned and operated.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

See All Listings and Recent Sales at www.RaleighDowntownCondo.com

ACTIVE

222 Glenwood Unit 316 2 Beds | 2 Baths 1,236 Est. Sq. Ft. Offered at $344,900

THE DAWSON PREFERRED CONDOS OF DOWNTOWN

Call Patrick today at 919.669.3937 for a private tour!

ACTIVE

239 New Bern Place Unit 201

REAL ESTATE MARKET REPORT | SEPTEMBER 2020

2 Beds | 2 Baths 1,155 Est. Sq. Ft. Offered at $365,000

PREPARED ESPECIALLY FOR

JOHNATHAN AND ANGELA-MARIE WILLIAMS

PRESENTED BY

PATRICK LAWSON Your Dawson Real Estate Specialist

ADVANTAGE

PATRICK LAWSON REALTOR®/BROKER

ADVANTAGE

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

Downtown Condos Recently active

THIRD QUARTER

REAL ESTATE TRENDS

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

LP per Sq/Ft

222 Glenwood

1

1.0

900

$265,000

$308

222 Glenwood

2

2.0

1,200

$345,000

$281

222 Glenwood

2

2.0

1,200

$345,000

$279

222 Glenwood

2

2.0

1,200

$358,000

$306

222 Glenwood

2

2.0

1,200

$360,000

$291

The Cotton Mill

3

3.0

2,400

$750,000

$307

The Dawson

1

1.0

800

$300,000

$360

The Dawson

2

2.0

1,100

$385,000

$337

The Dawson

2

2.0

1,200

$417,000

$356

The Dawson

4

3.0

3,000

$900,000

$297

Hillsborough

2

2.0

1,100

$325,000

$285

Hudson

2

2.0

1,500

$455,000

$301

Hudson

2

2.0

1,600

$479,000

$294

Paramount

1

1.0

1,000

$300,000

$306

Paramount

2

2.0

1,100

$490,000

$437

Paramount

2

2.0

1,200

$494,000

$424

Paramount

2

2.0

1,300

$520,000

$387

Paramount

2

2.0

1,500

$575,000

$392

Park Devereux

2

2.0

1,400

$420,000

$300

PNC Plaza

1

1.0

1,000

$400,000

$391

PNC Plaza

2

2.0

1,100

$440,000

$392

PNC Plaza

3

3.0

2,000

$899,000

$450

The Quorum

2

2.0

1,300

$620,000

$491

The Quorum

2

2.1

1,700

$785,000

$458

The Quorum

2

2.1

1,700

$825,000

$473

The Quorum

2

2.0

2,000

$895,000

$454

West Condominiums

1

1.0

700

$244,000

$357

West Condominiums

1

1.0

1,100

$283,000

$267

West Condominiums

1

1.0

1,000

$293,000

$284

West Condominiums

1

1.0

1,000

$300,000

$290

West Condominiums

2

2.0

1,100

$340,000

$307

West Condominiums

1

1.0

900

$350,000

$385

West Condominiums

2

2.0

1,200

$387,000

$326

Paperless Mortgage Process

Home Prices Are Holding Up

Despite the sharp downturn in the economy, bidding wars are common, as eager buyers compete for limited inventory.

Millennials are Starting to Buy

Preferred Downtown Condos Current Market Activity

Millennials want to buy homes and are poised to jump into the market.

Some foresee a boom in home buying in the coming years.

The industry has moved to a completely digital process with breathtaking speed.

More loans are likely to close quickly.

Shopping for Homes is Viral

Virtual tours allow homes to be sold despite buyers never setting foot in the home. More Realtors are investing in technology.

Low Rates are Here to Stay

Many economists expect rates to remain low and possibly trend lower.

This increases buyer’s purchasing power and drives up prices.

Johnathan and Angela-Marie, Now is the time to take advantage of the unique market! Call me today at 919.669.3937.

There are 14 Downtown Condos Currently Under contract

For more information on any of these properties, call me today at 919.669.3937.

Downtown Condos SOLD in the past 30 days Address

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

Sold Price**

Sold Date

323 W Jones Street #1425

The Quorum

2

2.1

1,500

$635,000

$625,000

08/21/20

400 W North Street #900

West Condominiums

1

1.0

1,000

$286,000

$280,000

08/07/20

400 W North Street #1528

West Condominiums

1

1.0

1,000

$315,000

$308,000

07/27/20

400 W North Street #616

West Condominiums

1

2.0

1,100

$325,000

$325,000

07/27/20

Patrick Lawson and RE/MAX Advantage are not in any way affiliated with Downtown Condos Owners Association, nor is this in any way an official advertisement or publication of Downtown Condos. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Triangle MLS between July 25th, 2020 and August 24th, 2020.

Listings and sales may not be those of RE/MAX Advantage. The Triangle MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates a number rounded to the nearest 100. **Indicates a number rounded to the nearest 1,000.

PATRICK LAWSON REALTOR®/BROKER

1520 Glenwood Avenue Raleigh, North Carolina 27603

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

ADVANTAGE

Each office independently owned and operated.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

See All Listings and Recent Sales at www.RaleighDowntownCondo.com

ACTIVE

222 Glenwood Unit 316 2 Beds | 2 Baths 1,236 Est. Sq. Ft. Offered at $344,900

PNC PLAZA PREFERRED CONDOS OF DOWNTOWN

Call Patrick today at 919.669.3937 for a private tour!

ACTIVE

239 New Bern Place Unit 201

REAL ESTATE MARKET REPORT | SEPTEMBER 2020

2 Beds | 2 Baths 1,155 Est. Sq. Ft. Offered at $365,000

PREPARED ESPECIALLY FOR

JOHNATHAN AND ANGELA-MARIE WILLIAMS

PRESENTED BY

PATRICK LAWSON Your PNC Plaza Real Estate Specialist

ADVANTAGE

PATRICK LAWSON REALTOR®/BROKER

ADVANTAGE

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

Downtown Condos Recently active

THIRD QUARTER

REAL ESTATE TRENDS

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

LP per Sq/Ft

222 Glenwood

1

1.0

900

$265,000

$308

222 Glenwood

2

2.0

1,200

$345,000

$281

222 Glenwood

2

2.0

1,200

$345,000

$279

222 Glenwood

2

2.0

1,200

$358,000

$306

222 Glenwood

2

2.0

1,200

$360,000

$291

The Cotton Mill

3

3.0

2,400

$750,000

$307

The Dawson

1

1.0

800

$300,000

$360

The Dawson

2

2.0

1,100

$385,000

$337

The Dawson

2

2.0

1,200

$417,000

$356

The Dawson

4

3.0

3,000

$900,000

$297

Hillsborough

2

2.0

1,100

$325,000

$285

Hudson

2

2.0

1,500

$455,000

$301

Hudson

2

2.0

1,600

$479,000

$294

Paramount

1

1.0

1,000

$300,000

$306

Paramount

2

2.0

1,100

$490,000

$437

Paramount

2

2.0

1,200

$494,000

$424

Paramount

2

2.0

1,300

$520,000

$387

Paramount

2

2.0

1,500

$575,000

$392

Park Devereux

2

2.0

1,400

$420,000

$300

PNC Plaza

1

1.0

1,000

$400,000

$391

PNC Plaza

2

2.0

1,100

$440,000

$392

PNC Plaza

3

3.0

2,000

$899,000

$450

The Quorum

2

2.0

1,300

$620,000

$491

The Quorum

2

2.1

1,700

$785,000

$458

The Quorum

2

2.1

1,700

$825,000

$473

The Quorum

2

2.0

2,000

$895,000

$454

West Condominiums

1

1.0

700

$244,000

$357

West Condominiums

1

1.0

1,100

$283,000

$267

West Condominiums

1

1.0

1,000

$293,000

$284

West Condominiums

1

1.0

1,000

$300,000

$290

West Condominiums

2

2.0

1,100

$340,000

$307

West Condominiums

1

1.0

900

$350,000

$385

West Condominiums

2

2.0

1,200

$387,000

$326

Paperless Mortgage Process

Home Prices Are Holding Up

Despite the sharp downturn in the economy, bidding wars are common, as eager buyers compete for limited inventory.

Millennials are Starting to Buy

Preferred Downtown Condos Current Market Activity

Millennials want to buy homes and are poised to jump into the market.

Some foresee a boom in home buying in the coming years.

The industry has moved to a completely digital process with breathtaking speed.

More loans are likely to close quickly.

Shopping for Homes is Viral

Virtual tours allow homes to be sold despite buyers never setting foot in the home. More Realtors are investing in technology.

Low Rates are Here to Stay

Many economists expect rates to remain low and possibly trend lower.

This increases buyer’s purchasing power and drives up prices.

Johnathan and Angela-Marie, Now is the time to take advantage of the unique market! Call me today at 919.669.3937.

There are 14 Downtown Condos Currently Under contract

For more information on any of these properties, call me today at 919.669.3937.

Downtown Condos SOLD in the past 30 days Address

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

Sold Price**

Sold Date

323 W Jones Street #1425

The Quorum

2

2.1

1,500

$635,000

$625,000

08/21/20

400 W North Street #900

West Condominiums

1

1.0

1,000

$286,000

$280,000

08/07/20

400 W North Street #1528

West Condominiums

1

1.0

1,000

$315,000

$308,000

07/27/20

400 W North Street #616

West Condominiums

1

2.0

1,100

$325,000

$325,000

07/27/20

Patrick Lawson and RE/MAX Advantage are not in any way affiliated with Downtown Condos Owners Association, nor is this in any way an official advertisement or publication of Downtown Condos. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Triangle MLS between July 25th, 2020 and August 24th, 2020.

Listings and sales may not be those of RE/MAX Advantage. The Triangle MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates a number rounded to the nearest 100. **Indicates a number rounded to the nearest 1,000.

PATRICK LAWSON REALTOR®/BROKER

1520 Glenwood Avenue Raleigh, North Carolina 27603

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

ADVANTAGE

Each office independently owned and operated.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

See All Listings and Recent Sales at www.RaleighDowntownCondo.com

ACTIVE

222 Glenwood Unit 316 2 Beds | 2 Baths 1,236 Est. Sq. Ft. Offered at $344,900

BLOUNT STREET PREFERRED CONDOS OF DOWNTOWN

Call Patrick today at 919.669.3937 for a private tour!

ACTIVE

239 New Bern Place Unit 201

REAL ESTATE MARKET REPORT | SEPTEMBER 2020

2 Beds | 2 Baths 1,155 Est. Sq. Ft. Offered at $365,000

PREPARED ESPECIALLY FOR

JOHNATHAN AND ANGELA-MARIE WILLIAMS

PRESENTED BY

PATRICK LAWSON Your Blount Street Real Estate Specialist

ADVANTAGE

PATRICK LAWSON REALTOR®/BROKER

ADVANTAGE

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

Downtown Condos Recently active

THIRD QUARTER

REAL ESTATE TRENDS

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

LP per Sq/Ft

222 Glenwood

1

1.0

900

$265,000

$308

222 Glenwood

2

2.0

1,200

$345,000

$281

222 Glenwood

2

2.0

1,200

$345,000

$279

222 Glenwood

2

2.0

1,200

$358,000

$306

222 Glenwood

2

2.0

1,200

$360,000

$291

The Cotton Mill

3

3.0

2,400

$750,000

$307

The Dawson

1

1.0

800

$300,000

$360

The Dawson

2

2.0

1,100

$385,000

$337

The Dawson

2

2.0

1,200

$417,000

$356

The Dawson

4

3.0

3,000

$900,000

$297

Hillsborough

2

2.0

1,100

$325,000

$285

Hudson

2

2.0

1,500

$455,000

$301

Hudson

2

2.0

1,600

$479,000

$294

Paramount

1

1.0

1,000

$300,000

$306

Paramount

2

2.0

1,100

$490,000

$437

Paramount

2

2.0

1,200

$494,000

$424

Paramount

2

2.0

1,300

$520,000

$387

Paramount

2

2.0

1,500

$575,000

$392

Park Devereux

2

2.0

1,400

$420,000

$300

PNC Plaza

1

1.0

1,000

$400,000

$391

PNC Plaza

2

2.0

1,100

$440,000

$392

PNC Plaza

3

3.0

2,000

$899,000

$450

The Quorum

2

2.0

1,300

$620,000

$491

The Quorum

2

2.1

1,700

$785,000

$458

The Quorum

2

2.1

1,700

$825,000

$473

The Quorum

2

2.0

2,000

$895,000

$454

West Condominiums

1

1.0

700

$244,000

$357

West Condominiums

1

1.0

1,100

$283,000

$267

West Condominiums

1

1.0

1,000

$293,000

$284

West Condominiums

1

1.0

1,000

$300,000

$290

West Condominiums

2

2.0

1,100

$340,000

$307

West Condominiums

1

1.0

900

$350,000

$385

West Condominiums

2

2.0

1,200

$387,000

$326

Paperless Mortgage Process

Home Prices Are Holding Up

Despite the sharp downturn in the economy, bidding wars are common, as eager buyers compete for limited inventory.

Millennials are Starting to Buy

Preferred Downtown Condos Current Market Activity

Millennials want to buy homes and are poised to jump into the market.

Some foresee a boom in home buying in the coming years.

The industry has moved to a completely digital process with breathtaking speed.

More loans are likely to close quickly.

Shopping for Homes is Viral

Virtual tours allow homes to be sold despite buyers never setting foot in the home. More Realtors are investing in technology.

Low Rates are Here to Stay

Many economists expect rates to remain low and possibly trend lower.

This increases buyer’s purchasing power and drives up prices.

Johnathan and Angela-Marie, Now is the time to take advantage of the unique market! Call me today at 919.669.3937.

There are 14 Downtown Condos Currently Under contract

For more information on any of these properties, call me today at 919.669.3937.

Downtown Condos SOLD in the past 30 days Address

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

Sold Price**

Sold Date

323 W Jones Street #1425

The Quorum

2

2.1

1,500

$635,000

$625,000

08/21/20

400 W North Street #900

West Condominiums

1

1.0

1,000

$286,000

$280,000

08/07/20

400 W North Street #1528

West Condominiums

1

1.0

1,000

$315,000

$308,000

07/27/20

400 W North Street #616

West Condominiums

1

2.0

1,100

$325,000

$325,000

07/27/20

Patrick Lawson and RE/MAX Advantage are not in any way affiliated with Downtown Condos Owners Association, nor is this in any way an official advertisement or publication of Downtown Condos. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Triangle MLS between July 25th, 2020 and August 24th, 2020.

Listings and sales may not be those of RE/MAX Advantage. The Triangle MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates a number rounded to the nearest 100. **Indicates a number rounded to the nearest 1,000.

PATRICK LAWSON REALTOR®/BROKER

1520 Glenwood Avenue Raleigh, North Carolina 27603

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

ADVANTAGE

Each office independently owned and operated.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

See All Listings and Recent Sales at www.RaleighDowntownCondo.com

ACTIVE

222 Glenwood Unit 316 2 Beds | 2 Baths 1,236 Est. Sq. Ft. Offered at $344,900

THE COTTON MILL PREFERRED CONDOS OF DOWNTOWN

Call Patrick today at 919.669.3937 for a private tour!

ACTIVE

239 New Bern Place Unit 201

REAL ESTATE MARKET REPORT | SEPTEMBER 2020

2 Beds | 2 Baths 1,155 Est. Sq. Ft. Offered at $365,000

PREPARED ESPECIALLY FOR

JOHNATHAN AND ANGELA-MARIE WILLIAMS

PRESENTED BY

PATRICK LAWSON Your Cotton Mill Real Estate Specialist

ADVANTAGE

PATRICK LAWSON REALTOR®/BROKER

ADVANTAGE

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

Downtown Condos Recently active

THIRD QUARTER

REAL ESTATE TRENDS

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

LP per Sq/Ft

222 Glenwood

1

1.0

900

$265,000

$308

222 Glenwood

2

2.0

1,200

$345,000

$281

222 Glenwood

2

2.0

1,200

$345,000

$279

222 Glenwood

2

2.0

1,200

$358,000

$306

222 Glenwood

2

2.0

1,200

$360,000

$291

The Cotton Mill

3

3.0

2,400

$750,000

$307

The Dawson

1

1.0

800

$300,000

$360

The Dawson

2

2.0

1,100

$385,000

$337

The Dawson

2

2.0

1,200

$417,000

$356

The Dawson

4

3.0

3,000

$900,000

$297

Hillsborough

2

2.0

1,100

$325,000

$285

Hudson

2

2.0

1,500

$455,000

$301

Hudson

2

2.0

1,600

$479,000

$294

Paramount

1

1.0

1,000

$300,000

$306

Paramount

2

2.0

1,100

$490,000

$437

Paramount

2

2.0

1,200

$494,000

$424

Paramount

2

2.0

1,300

$520,000

$387

Paramount

2

2.0

1,500

$575,000

$392

Park Devereux

2

2.0

1,400

$420,000

$300

PNC Plaza

1

1.0

1,000

$400,000

$391

PNC Plaza

2

2.0

1,100

$440,000

$392

PNC Plaza

3

3.0

2,000

$899,000

$450

The Quorum

2

2.0

1,300

$620,000

$491

The Quorum

2

2.1

1,700

$785,000

$458

The Quorum

2

2.1

1,700

$825,000

$473

The Quorum

2

2.0

2,000

$895,000

$454

West Condominiums

1

1.0

700

$244,000

$357

West Condominiums

1

1.0

1,100

$283,000

$267

West Condominiums

1

1.0

1,000

$293,000

$284

West Condominiums

1

1.0

1,000

$300,000

$290

West Condominiums

2

2.0

1,100

$340,000

$307

West Condominiums

1

1.0

900

$350,000

$385

West Condominiums

2

2.0

1,200

$387,000

$326

Paperless Mortgage Process

Home Prices Are Holding Up

Despite the sharp downturn in the economy, bidding wars are common, as eager buyers compete for limited inventory.

Millennials are Starting to Buy

Preferred Downtown Condos Current Market Activity

Millennials want to buy homes and are poised to jump into the market.

Some foresee a boom in home buying in the coming years.

The industry has moved to a completely digital process with breathtaking speed.

More loans are likely to close quickly.

Shopping for Homes is Viral

Virtual tours allow homes to be sold despite buyers never setting foot in the home. More Realtors are investing in technology.

Low Rates are Here to Stay

Many economists expect rates to remain low and possibly trend lower.

This increases buyer’s purchasing power and drives up prices.

Johnathan and Angela-Marie, Now is the time to take advantage of the unique market! Call me today at 919.669.3937.

There are 14 Downtown Condos Currently Under contract

For more information on any of these properties, call me today at 919.669.3937.

Downtown Condos SOLD in the past 30 days Address

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

Sold Price**

Sold Date

323 W Jones Street #1425

The Quorum

2

2.1

1,500

$635,000

$625,000

08/21/20

400 W North Street #900

West Condominiums

1

1.0

1,000

$286,000

$280,000

08/07/20

400 W North Street #1528

West Condominiums

1

1.0

1,000

$315,000

$308,000

07/27/20

400 W North Street #616

West Condominiums

1

2.0

1,100

$325,000

$325,000

07/27/20

Patrick Lawson and RE/MAX Advantage are not in any way affiliated with Downtown Condos Owners Association, nor is this in any way an official advertisement or publication of Downtown Condos. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Triangle MLS between July 25th, 2020 and August 24th, 2020.

Listings and sales may not be those of RE/MAX Advantage. The Triangle MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates a number rounded to the nearest 100. **Indicates a number rounded to the nearest 1,000.

PATRICK LAWSON REALTOR®/BROKER

1520 Glenwood Avenue Raleigh, North Carolina 27603

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

ADVANTAGE

Each office independently owned and operated.

Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

See All Listings and Recent Sales at www.RaleighDowntownCondo.com

ACTIVE

222 Glenwood Unit 316 2 Beds | 2 Baths 1,236 Est. Sq. Ft. Offered at $344,900

THE GARDENS ON GLENWOOD PREFERRED CONDOS OF DOWNTOWN

Call Patrick today at 919.669.3937 for a private tour!

ACTIVE

239 New Bern Place Unit 201

REAL ESTATE MARKET REPORT | SEPTEMBER 2020

2 Beds | 2 Baths 1,155 Est. Sq. Ft. Offered at $365,000

PREPARED ESPECIALLY FOR

JOHNATHAN AND ANGELA-MARIE WILLIAMS

PRESENTED BY

PATRICK LAWSON

Your Gardens on Glenwood Real Estate Specialist

ADVANTAGE

PATRICK LAWSON REALTOR®/BROKER

ADVANTAGE

919.669.3937 PatrickLawson@remax.net RaleighDowntownCondo.com

Downtown Condos Recently active

THIRD QUARTER

REAL ESTATE TRENDS

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

LP per Sq/Ft

222 Glenwood

1

1.0

900

$265,000

$308

222 Glenwood

2

2.0

1,200

$345,000

$281

222 Glenwood

2

2.0

1,200

$345,000

$279

222 Glenwood

2

2.0

1,200

$358,000

$306

222 Glenwood

2

2.0

1,200

$360,000

$291

The Cotton Mill

3

3.0

2,400

$750,000

$307

The Dawson

1

1.0

800

$300,000

$360

The Dawson

2

2.0

1,100

$385,000

$337

The Dawson

2

2.0

1,200

$417,000

$356

The Dawson

4

3.0

3,000

$900,000

$297

Hillsborough

2

2.0

1,100

$325,000

$285

Hudson

2

2.0

1,500

$455,000

$301

Hudson

2

2.0

1,600

$479,000

$294

Paramount

1

1.0

1,000

$300,000

$306

Paramount

2

2.0

1,100

$490,000

$437

Paramount

2

2.0

1,200

$494,000

$424

Paramount

2

2.0

1,300

$520,000

$387

Paramount

2

2.0

1,500

$575,000

$392

Park Devereux

2

2.0

1,400

$420,000

$300

PNC Plaza

1

1.0

1,000

$400,000

$391

PNC Plaza

2

2.0

1,100

$440,000

$392

PNC Plaza

3

3.0

2,000

$899,000

$450

The Quorum

2

2.0

1,300

$620,000

$491

The Quorum

2

2.1

1,700

$785,000

$458

The Quorum

2

2.1

1,700

$825,000

$473

The Quorum

2

2.0

2,000

$895,000

$454

West Condominiums

1

1.0

700

$244,000

$357

West Condominiums

1

1.0

1,100

$283,000

$267

West Condominiums

1

1.0

1,000

$293,000

$284

West Condominiums

1

1.0

1,000

$300,000

$290

West Condominiums

2

2.0

1,100

$340,000

$307

West Condominiums

1

1.0

900

$350,000

$385

West Condominiums

2

2.0

1,200

$387,000

$326

Paperless Mortgage Process

Home Prices Are Holding Up

Despite the sharp downturn in the economy, bidding wars are common, as eager buyers compete for limited inventory.

Millennials are Starting to Buy

Preferred Downtown Condos Current Market Activity

Millennials want to buy homes and are poised to jump into the market.

Some foresee a boom in home buying in the coming years.

The industry has moved to a completely digital process with breathtaking speed.

More loans are likely to close quickly.

Shopping for Homes is Viral

Virtual tours allow homes to be sold despite buyers never setting foot in the home. More Realtors are investing in technology.

Low Rates are Here to Stay

Many economists expect rates to remain low and possibly trend lower.

This increases buyer’s purchasing power and drives up prices.

Johnathan and Angela-Marie, Now is the time to take advantage of the unique market! Call me today at 919.669.3937.

There are 14 Downtown Condos Currently Under contract

For more information on any of these properties, call me today at 919.669.3937.

Downtown Condos SOLD in the past 30 days Address

Complex

Beds

Baths

Est. Sq. Ft.*

List Price**

Sold Price**

Sold Date

323 W Jones Street #1425

The Quorum

2

2.1

1,500

$635,000

$625,000

08/21/20

400 W North Street #900

West Condominiums

1

1.0

1,000

$286,000

$280,000

08/07/20

400 W North Street #1528

West Condominiums

1

1.0

1,000

$315,000

$308,000

07/27/20

400 W North Street #616

West Condominiums

1

2.0

1,100

$325,000

$325,000

07/27/20

Patrick Lawson and RE/MAX Advantage are not in any way affiliated with Downtown Condos Owners Association, nor is this in any way an official advertisement or publication of Downtown Condos. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Triangle MLS between July 25th, 2020 and August 24th, 2020.

Listings and sales may not be those of RE/MAX Advantage. The Triangle MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates a number rounded to the nearest 100. **Indicates a number rounded to the nearest 1,000.