Since 2008 , the real estate market has had ups and downs depending on where you live. Properties in the Chapel Hill School district have done okay when compared to other areas. So let’s take a look below and see how Springcrest is doing .Single family detached home statistics.

DATE

TYPE

# of

homes

SQ. FT.

LP

LP

SQ. FT.

SP

SP

SQ. FT.

DOM

2014

ACTIVE

2

2680

$407,250

$153.93

   

102

2013

CLOSED

12

2792

$418,391

$151.89

$400,633

$145.64

89

2012

CLOSED

6

2676

$406,983

$152.96

$395,875

$146.96

164

2011

CLOSED

5

2868

$451,920

$159.31

$434,280

$152.80

41

2010

CLOSED

9

2301

$375,511

$164.75

$362,588

$158.80

69

2009

Closed

7

2722

$419,928

$155.69

$407,000

$151.04

97 

In 2013, the number of homes sold in Springcrest was up when compared to previous years. However, the average sales price per square foot is coming down. There are a number of reasons that affect the sales price per sq. ft. For example: Condition, Price, and Urgency to sell. This past year it looks like urgency to sell was at the top of the list in Springcrest. In the past few years, condition had been the problem.

Now lets look at the Chapel Hill School District and the Triangle area single family detached homes. Sales for the past couple of years are on the rise. In the Chapel Hill market, the average sales price per sq.ft. for 2013 was $163.17 per sq.ft.

There are a number of buyers looking for homes in our market. Price and condition are a priority. Give Tommy and Kelley a call.

 

Chapel Hill School District , Detached Homes

YEAR

# SOLD

AVG. SQ.FT.

DOM

2013

692

$163.17

78

2012

576

$154.91

109

2011

536

$159.27

117

 

Triangle MLS Area ,Detached Homes 

YEAR

# SOLD

AVG. SQ.FT.

DOM

2013

23,656

$106.13

87

2012

19,312

$100.94

118

2011

16,046

$103.36

135


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Coldwell Banker HPW
1600 E Franklin St • Chapel Hill, NC 27514
Phone: (919)260-0054 • Fax: (919)313-9855




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