Chapel Hill and Durham Real Estate Blog

Chapel Hill - Durham Real Estate Blog

Jodi Bakst

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Chapel Hill and Carrboro are Bicycle Friendly Communities

by Jodi Bakst

Chapel Hill and Carrboro have been designated as bicycle friendly communites by the League of American Bicyclists.  Chapel Hill was designated at the Bronze level and Carrboro was designated at the Silver level.  Both Chapel Hill and Carrboro have worked hard at integrating bicycling into their city plans.  This is absolutely a bicycling town which is great.  It is wonderful to be able to take great rides either on the streets or trails right from your house.  Before moving to Chapel Hill, my husband and I lived in Washgton, DC.  We would have to drive a half hour to 45 minutes to get to an area that was safe enough for a good ride.  Chapel Hill and Carrboro have great bicycling for people of all ages and interest levels. 

New Listing in Durham's Hope Creek - 4206 Pine Bark Trail

by Jodi Bakst
Team Jodi's New Listing
4206 Pine Bark Trail
Walking Distance to Trinity School and Minutes to Duke
 
 
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

Team Jodi Launches Property Management Group

by Jodi Bakst

I am proud to announce that I have just launched Team Jodi Property Management Group.  Team Jodi PMG will focus on managing rental properties and neighborhood homeowner associations.

My partners in this venture are Bill Matthes and Heidi Manik.  They are both Realtors as well as rental and homeowner association (HOA) specialists.  Our mission is to bring the same level of service and attention to detail to rental and HOA management that Team Jodi brings to residential real estate.

If you or someone you know is looking for a management company that’s right for your neighborhood HOA, I encourage you to talk to Bill and Heidi.  They have the knowledge and expertise to custom-design HOA management services that will satisfy your community’s specific needs.  Take a look at our HOA Management brochure to discover some of the services we have to offer. 

Bill and Heidi can also help you achieve the maximum return on your rental property.  They will take care of your property and provide you with top-quality tenants.  Most importantly, they will communicate regularly with you and make sure that your interests are protected at all times.  Someone will always be there to answer your call or your tenants’ calls 24/7.    Look at our Rental Property Management Guide to find out more about what we have to offer you. 

Team Jodi PMG can also help you find a rental.  Go to www.TeamJodiPMG.com and click on Find a Rental to search for homes for rent in Chapel Hill and homes for rent in Durham.  Everytime a new rental comes on the market you will be notified by email.  This is a great way to track the rental market.

Let us know how we can help you or someone you know.   Call Bill or Heidi at  (919) 928-5131 or email them at Bill@TeamJodi.com or Heidi@TeamJodi.com.  You can also check out our web site at: www.TeamJodiPMG.com.

 

Wonderful all Brick Cape Cod Home

by Jodi Bakst

Team Jodi just listed a home at 2618 Nation Avenue, Durham, NC 27707


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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

Cul-de-Sac Home on Large Lot in Chapel Hill

by Jodi Bakst

Team Jodi just listed a cul-de-sac Home on Large Lot in Chapel Hill at
103 Marigold Court, Chapel Hill, NC 27516


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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

Excellent Parkside Home Surrounded by Green and Open Space

by Jodi Bakst

Team Jodi has just listed an excellent Parkside home surrounded by green and open Space
at 432 New Parkside Drive, Chapel Hill, NC 27516 - MLS# 1751139


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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

Well appointed home in excellent SW Durham location

by Jodi Bakst

Team Jodi has just listed a home in SW Durham location
at 8418 Eagle View Drive, Durham, NC 27713 - MLS# 1749498


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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

2.875% on 5-1 ARMs -- UNBELIEVEABLE INTERST RATES

by Jodi Bakst

I just learned from Laura Hall with Corporate Investors that 5-1 Arms are under 3%.  I could not believe it.  Here are the most update rates:

                        Weekly Interest Rate Update

 Financing Progam

Rates

Fixed 30-Year to $417K

3.875%

Fixed 30-Year Jumbo

4.875%

Fixed 30-Year FHA

4.0%

Fixed 15-Year to $417K

3.375%

5/1 ARM to $417K

2.875%

5/1 ARM Jumbo

3.25%

 

 

 

 

 

 

 

30 year rates are holding steady at under 4% which is also tremendous.  This is a great time to buy.  Inventory is excellent and interest rates could not be better.

Here is our local market update:

Chapel Hill

  • Closed sales are up 14% over 2009.
  • The median sales price is up 2.3%.
  • The average sales price is down 2.5%.
  • The list to sales price ratio is 96.6%.
  • The average days on market have increased 12.9%, from 97 to 110 days.

Durham

  • Closed sales are on par with last year, they are neither up or down.
  • The median sales prie is down 2.3%.
  • Average prices are down 4.5%.
  • The list to sales price ratio is 96.5%
  • Average days on market are the same at 87 days.

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.

Interest Rates, Sales & Housing Affordability

by Jodi Bakst

It is time for Team Jodi’s weekly market update.  I first want to give you today’s interest rates – which are still at all time lows.

Last week I talked about how although year to date sales are up over last year, the market has slowed since the end of the home buyer tax credit.  I am glad to report two important facts.  First, showing activity picked up substantially over June and July and I am getting many more showings on my listings and seeing properties going under contract.  

 

Second, housing affordability is at or near an all time high.  This has been created by lower home prices and incredibly low mortgage rates.  Right now, 72.3 percent of median-income families nationally can now afford to buy the median-priced house. Historically that number has stayed in the low 60 percent range, and it has in the past slipped below 50 percent.  

In the Raleigh-Durham-Chapel Hill area, housing affordability has increased 2% since last year and 19.3% since 2008!

The other great news is that employment numbers improved.  The unemployment rate in the Triangle dropped to 7.5% in July from 7.6% in June.  The Triangle region is the healthiest job market in North Carolina.  By comparison, the jobless rate in Charlotte is 10.6% and the rate for the State is 9.8%. 

These are all great indicators.  Let’s just hope that things continue on this path and keep improving. 

July Market Stats for Chapel Hill and Durham

by Jodi Bakst

Well, the July numbers are out and they are not surprising.  I kept saying that that the market was slowing down and the numbers support this statement.  So, here are the stats for Chapel Hill and Durham.

Chapel Hill 

  • Listings are up 16.5% from July last year.
  • Sales are down 14.9% from July last year BUT year-to-date, sales are UP 18.4% -- this is in large part due to the activity generated by the home buyer tax credit. 
  • Median sales prices are up 1.5%. 
  • Average prices are down 2.7%. 
  • The list to sales price ratio is way down at 96.5% when a few years ago at this time of the year we were at 98 to 99%. 
  • The average days on market is also up 7.6% to 106 days.

 

Durham 

  • Listings are up 9.3% from July last year.
  • July sales in Durham are down 33.7% which is much more than Chapel Hill.  The trend continues, however, because year to date sales are up by 4%. 
  • Median sales prices are down by 2.3%. 
  • Average prices are down 4.9%. 
  • Homes in Durham are also selling for about 96% of their list price.   
  • The good news in Durham is that, on average, houses are selling a bit faster with the days on market at 85 days. 

 

 

 

 

 

 

 

August is typically a closing month.  The showing activity has picked up since July and things are starting to move. Interest rates are still at an all time low and the inventory is better than ever.  This still makes it a great time to buy.  The conditions truly could not be better.

Interested in knowing your homes value or getting a snapshot of the market?  Visit www.TriangleHomeValue.com.

Interested in looking for a home in Chapel Hill, Durham or the surrounding area, visit www.TriangleHomeSearch.net and register for an auto home search with emails sent to you every time a property comes on the market that meets your criteria or when their is a price or status change in properties of interest. 

 

Displaying blog entries 231-240 of 484

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