TAG | Experts
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Local real estate experts in Durham, NC analyze
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(Press box) 16 Includes December 2011
Homes.org recently about the current Durham, NC real estate market for local experts, a first-hand, and statistics on home sales area create. The report is part of a new series Homes.org, the emphasis on local real estate markets across the country as buyers and sellers can better understand what is happening in their city, rather than ideas for the industry nationwide.
“Real estate is a localized and housing, while the national figures are correct, there is no way to predict what the local market is the foundation makes what other city does,”
said Kelli Kaspar, Raleigh-Durham real estate agent? with Weichert Realty Group. “And here in the Wake (Raleigh) and Orange (Durham) counties, there are many variations depending on the neighborhood and the neighborhood where you are on.”
For example, pointed Kasper, that “earlier this year, Durham was doing slightly better than the rest of the triangle. From July 2011 Triangle home sales fell by 27% overall, and Wake County, where sales increased by approximately 29% . For this same period, sales went up to Durham only about 18% since 2010. This is not great, but it’s not as bad as in other areas of the triangle. “
Christopher Murray, a Certified Residential Mortgage Specialist (CRM) and Sr. Loan Officer of the Murray Group cimg Inc., a new example of strong market position in Durham compared with other regions. “It’s real estate space in front of Durham recently named No. 1 is the best city in the U.S. with properties in the local market monitor to buy. According to the local president Ingo Winzer, websites to rank highly for investment suitability are those with a low probability that house prices continue to fall. ”
Overall, the outlook for
Durham real estate market looks promising. Murray said: “While we have all kinds of loans (and much more try, want to finish, I might add) will we see an increase in requests for the USDA Rural Home Loans Durham and Orange County.” But Murray added that the majority of Durham does not meet the appropriate USDA program, which is the last real 100% mortgage.
Kasper has also seen signs of increased interest in the region. “Our office has seen an increased bargaining power of activity in the last few weeks, and pending are up. Our website has performed well as the growth in the number of searches studies and performances have seen price ranges between $ 135,000 and $ 325,000.” Is this the awakening from the market or the Weichert Realty Group Marketing supports its clients or the combination of the two is not yet determined.
Durham Real Estate Market – Current information and statistics
Durham and Wake counties
zip codes in the city: 27 701, 27 702, 27 703, 27 704, 27 705, 27 706, 27 707, 27 708, 27 709, 27 710, 27 711, 27 712, 27 713, 27 715, 27 717, 27 722
Population: 228 330
all households: 88 468
foreclosures (Durham County): 1 4245
Foreclosures (Wake County): 1 960
tenants vs. owners: 48.6% vs. 51.4%
type of property:
27% single-family
4% of condo
69% Other
Median Home Value (2005-2009): $ 173.100
Durham County (October 2011)
? The average sale price: $ 176,439
? Discount Homes: 194 homes sold in Wake County
(October 2011)
? The average sale price: $ 243,517
? Homes for sale: 836 homes sold
For more information about Durham real estate and the latest home listings in North Carolina in Homes.org
About Homes.org
Homes.org is a rapidly growing real estate search portal that offers users a lot more than the MLS listings. Homes.org provides users with a rich collection of resources, including but not limited to, limited real estate offers home buyers and home-based financing tools tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools By partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures Ltd., based in Austin, TX headquarters.
Star Nine Ventures?
Star Nine Ventures? the Austin-based marketing-driven venture creation companies target large national business and consumer online market places. Nine Star core task is to help companies who offer to build an exemplary consumer experiences and unparalleled customer service.
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