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Chapel Hill and Durham Real Estate Blog

Chapel Hill - Durham Real Estate Blog

Jodi Bakst

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Displaying blog entries 231-240 of 468

Chapel Hill Ranked As One Of The Best Places To Live

by Jodi Bakst

Money Magazine just ranked Chapel Hill 40th in the nation for the best small cities in terms of livability.  The criteria used in ranking cities were:  economic climate, cultural attractions, schools, crime, and recreation.  The cities that were ranked had between 50,000 to 300,000 in population.  Cary also made this list and ranked at 25.  Chapel Hill and Cary were the only cities in North Carolina to make the list.

Area High Schools Ranked Best in the Nation

by Jodi Bakst

 

Newsweek Magazine just announced its 2010 rankings of the top high schools in the country.  The scores are based on how hard the teachers challenge the students with advanced placement classes.  Chapel Hill and other area high schools did extremely well.  Out of 1600 schools ranked, our local schools are:

  • East Chapel Hill High ranked 119,
  • Chapel Hill High School ranked 219,
  • Carrboro High School ranked 257,
  • Woods Charter in North Chatham County ranked 108, and
  • Jordan High School in Durham ranked 429.

Triangle Area Real Estate Market Update for May 2010

by Jodi Bakst

Sales in 2010 were off to a great start but have slowed considerably since the end of the home buyer tax credit is April.  Overall, year-to-date, the market has improved but with the slow down since the end of April, it is difficult to say what the market will bring for the remainder of the year.

Year-to-date, in the Triangle Area (Raleigh/Durham/Chapel Hill:

  • New listings are up 12.8%;
  • Closed sales are up 18.8%;
  • Median prices are down 0.9%;
  • Average prices are down 1.1%;
  • The list to sales price ratio is 96.4%; and
  • Average Days on market is 103.

Click here to view Team Jodi's Chapel Hill Real Estate and Durham Homes for Sale.

Click here to Search homes for sale in Chapel Hill and Durham and the surrounding Triangle NC area.

Chatham County Real Estate Market Update for May 2010

by Jodi Bakst

Sales in 2010 were off to a great start but have slowed considerably since the end of the home buyer tax credit is April.  Overall, year-to-date, the market has improved but with the slow down since the end of April, it is difficult to say what the market will bring for the remainder of the year.

Year-to-date, in Chatham County:

  • New listings are up 9.1%;
  • Closed sales are up 30.1%;
  • Median prices are down 3.7%;
  • Average prices are down 3.3%;
  • The list to sales price ratio is 95%; and
  • Average Days on market is 140.

Click here to view Team Jodi's Chapel Hill Real Estate and Durham Homes for Sale.

Click here to Search homes for sale in Chapel Hill and Durham and the surrounding Triangle NC area.

Orange County Market Update for May 2010

by Jodi Bakst

Sales in 2010 were off to a great start but have slowed considerably since the end of the home buyer tax credit is April.  Overall, year-to-date, the market has improved but with the slow down since the end of April, it is difficult to say what the market will bring for the remainder of the year.

Year-to-date, in Orange County:

  • New listings are up 24.3%;
  • Closed sales are up 22.4%;
  • Median prices are up 1.6%;
  • Average prices are down 4.3%;
  • The list to sales price ratio is 96.1; and
  • Average Days on market is 104.

Don't forget to make realestateexperts.net a favorite so that you can see monthly updates on the Chapel Hill Real Estate market.

Click here to view Team Jodi's Chapel Hill Real Estate and Durham Homes for Sale.

Click here to Search homes for sale in Chapel Hill and Durham and the surrounding Triangle NC area.

Chapel Hill Real Estate Market Update for May 2010

by Jodi Bakst

Sales in 2010 were off to a great start but have slowed considerably since the end of the home buyer tax credit is April.  Overall, year-to-date, the market has improved but with the slow down since the end of April, it is difficult to say what the market will bring for the remainder of the year.

Year-to-date, in Chapel Hill:

  • New listings are up 21.4%;
  • Closed sales are up 29%;
  • Median prices are down 6.5%%;
  • Average prices are down 11.2%;
  • The list to sales price ratio is 96.3; and
  • Average Days on market is 110.

Don't forget to make realestateexperts.net a favorite so that you can see monthly updates on the Chapel Hill Real Estate market.

Click here to view Team Jodi's Chapel Hill Real Estate and Durham Homes for Sale.

Click here to Search homes for sale in Chapel Hill and Durham and the surrounding Triangle NC area.

Durham Real Estate Market Update for May 2010

by Jodi Bakst

Sales in 2010 were off to a great start but have slowed considerably since the end of the home buyer tax credit is April.  Overall, year-to-date, the market has improved but with the slow down since the end of April, it is difficult to say what the market will bring for the remainder of the year.

Year-to-date, in Durham:

  • New listings are up 19.2%;
  • Closed sales are up 12.8%;
  • Median prices are down 3.0%;
  • Average prices are down 4.9%;
  • The list to sales price ratio is 96.7%; and
  • Average Days on market is 86.

Don't forget to make realestateexperts.net a favorite so that you can see monthly updates on the Chapel Hill Real Estate market.

Click here to view Team Jodi's Chapel Hill Real Estate and Durham Homes for Sale.

Click here to Search homes for sale in Chapel Hill and Durham and the surrounding Triangle NC area.

New Durham High School

by Jodi Bakst

Good news for Durham County.  Recently, board members voted to move ahead in the building of a new high school. The first step is purchasing land from Duke University, with a purchase price of $4.1 million. The next step is groundbreaking and construction with a price tag of $48 million. The school may be ready for new students in time for the 2012 school year.

It was obvious why the new high school building needed to be built. The nearby schools of Jordan and Riverside have been experiencing overcrowding, and the problem is only expected to grow more acute in the upcoming school year. The new school will be able to accommodate at least 800 students and even as many as 1,200.

The good news about the new school isn’t just that it will help ameliorate crowded conditions. The school building will also be good for the environment. School board leadership has plans to construct the educational facility in line with green building codes for LEED certification.

The new Durham high school is also good news for Durham real estate. New schools inevitably improve surrounding real estate conditions and prices. The new school which will be located on Duke Homestead Road and Stadium Drive is in an optimal position. Besides being close to Durham Regional Hospital, it is also close to Durham County Stadium and the Rock Quarry Park. The new school could bode well for real estate conditions in the area around the school site.

Home BuyerTax Credit Deadline Extended

by Jodi Bakst

Great News!  Congress passed a bill extending the Homebuyer Tax Credit.  The new deadline allows properties that went under contract by April 30, 2010 to close by September 30, 2010.  This is a huge win for homebuyers.  There will be no gap between June 30 and the date the President signs the bill into law.  

The date was extended because buyers are experiencing delays in getting their financing closed. The delays are the result of the large number of transactions that are short sales, which can take a long time to close, and the rush of transactions lenders are processing from buyers submitting contracts before the April 30 contract deadline.

The legislation, which now goes to President Obama for signature, is intended to create a seamless extension of the closing deadline. 

 

Pristine, Spacious and Bright on a Premium Lot

by Jodi Bakst
Team Jodi has just listed a Pristine, Spacious and Bright on a Premium Lot at
1408 Pebble Creek Crossing, Durham, NC

Powered by: ClassifiedFlyerAds.com
Click here to learn more about Team Jodi

Click here to view Team Jodi's Chapel Hill Real Estate and Durham Homes for Sale

Click here to Search homes for sale in Chapel Hill and Durham and the surrounding Triangle NC area

Displaying blog entries 231-240 of 468

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Team Jodi
501 Eastowne Drive, Suite 140
Chapel Hill NC 27514
919-697-5014
Fax: 1-877-206-5036