2019 RALEIGH-DURHAM-CHAPEL HILL
ANNUAL REPORT
We’re here to answer the question
HOW’S THE MARKET? Happy New Year! 2019 was fantastic, thanks to wonderful clients like you. We know that buying or selling a home is an incredibly emotional process, so thank you for trusting us to be there with you every step of the way. As we look forward to the new year, let’s also look back on 2019 to explore the real estate market’s performance. At Nest, we make it a priority to stay informed on market trends so we can pass along the most up-to-date information to you. So whether you’re considering selling your existing home, purchasing a new home, or you simply enjoy keeping tabs on the real estate market in general, it’s our pleasure to present you with the 2019 Nest Realty Annual Report. Have questions about the report, or a friend who’s interested in buying or selling? We’d love to hear from you! Thank you once again for trusting us with your real estate needs. We wish you a happy new year, from our nest to yours!
Nest Realty raleigh-durham-chapel hill
C O NTENTS HOW’S THE MARKET
4
2019 YEAR IN REVIEW
5
HOW TO READ THIS
6
TRIANGLE MSA
7
WAKE COUNTY
8
DURHAM COUNTY
9
ORANGE COUNTY
10
CHATHAM COUNTY
11
APEX
12
HOLLY SPRINGS
12
CARY
13
FUQUAY-VARINA
13
GARNER
14
MORRISVILLE
14
INSIDE THE BELTLINE RALEIGH
15
MIDTOWN RALEIGH
15
NORTH RALEIGH
16
SOUTH RALEIGH
16
WAKE FOREST
17
WENDELL
17
ZEBULON
18
DOWNTOWN DURHAM
18
NORTH DURHAM
19
SOUTHWEST DURHAM
19
CHAPEL HILL
20
CARRBORO
20
HILLSBOROUGH
21
PITTSBORO
21
OUR NESTS
22
RA L E I G H- DUR HA M C H A P E L H ILL M A R K E T As we start to look through the 2019 data, here
2016 to 2017, is not sustainable; eventually home
are some national housing market trends that we
prices outstrip wage growth, impacting many buyers’
are seeing. The most compelling shift is in housing
willingness to purchase.
affordability. Low inventory has caused home prices to increase throughout the year, but the actual
Buyers continue to jump aggressively when attractive
affordability of homes has improved due to changing
properties come to market and have demonstrated
real wages and lower interest rates. Though low
a willingness to pay a premium for homes
inventory continues to stifle sales volume growth,
in exceptional condition. Finally, inventory levels
year over year sales are increasing based on slight
continue to fall for the region, reaching an average
supply increases throughout the U.S.
low of 2.3 months without impacting the overall days on market trend, which has held remarkably
The Triangle area continues to thrive. Overall sales
steady from 2018 to 2019. This, we believe, is due in
volume increased more than 9% even though this
large part to the demographic trends of the area,
year started slower—we saw the seasonal burst of
which show a net influx of 40 residents per day to
spring market enthusiasm occur almost a month
the region, driving significant demand for housing
later than in previous years, with the sharp uptick
that builders have not been able to satisfy. The
occurring in April and May, rather than March. Prices
Triangle area may not see a return to a market that is
continue to rise with this year coming in at a robust,
balanced between buyers and sellers, represented by
but more reasonable, 4.5% pace. Double-digit price
a six month supply of homes, for many years.
growth, which many parts of this region saw from 4
Nest Realty Raleigh-Durham-Chapel Hill
YEAR IN REVIEW
100%
2
AGENT DEDICATION
TRIANGLE AREA LOCATIONS
Each of our 54 agents are full-time and fully invested in making your transaction a top-shelf experience.
There are TWO equally wonderful yet individually unique Nest locations in the Triangle. From Orange to Durham to Wake County, we’ve got you covered.
1,000
2,000
AGENT HOURS OF IN-HOUSE TRAINING
FRIENDS AT OUR ANNUAL COUNTY FAIRS
We are rabid (in a good way!) about staying on top of current trends and feeling the prevailing winds within our marketplace and differentiate ourselves by having weekly training sessions all year long.
Many of our Friends of Nest joined us last fall at two blowout block parties. We’ve already started planning next fall’s festivities—bigger, better, and even more WOW!
20%
$1.74M, $333K, $106K
INCREASE IN SALES VOLUME
MAX, MEDIAN, AND MIN LISTINGS
Year over year, the Triangle Nest team amped it up, making 2019 a banner year with $285,000,000 in sales volume.
Big and small, we loved them all! Of the 283 Triangle Nest listings that sold in 2019, the median home price was $333K. Not too shabby.
5
H OW TO RE A D YO UR R E P O RT We designed our graphs to give you a quick understanding of how the total number of sales has grown year over year, along with the median price. This knowledge can help support your decision to buy or sell.
TOTAL SALES VS. MEDIAN PRICE 4,000
$320,000
3,800
$300,000
3,600
$280,000
3,400
$260,000
3,200
$240,000
3,000
$220,000
2015
2016
2017
2018
2019
The graph table is a quick look at how the area has changed year after year. You can always check the side “trend” column to get a quick glance at how the market is doing. Just remember, a down arrow isn’t always scary. Sometimes you want the arrow to point down for days on market. This means that listed homes are selling quicker than in previous years.
MSA
2017
%
2018
%
2019
Total Sales
3,514
5.41
3,704
4.45
3,869
$275,000
7.27
$295,000
4.07
$307.000
Price per Sq. Ft.
$149
8.05
$161
1.24
$163
Days on Market
77
-12.99
67
-11.94
59
Avg. List Price
$351,523
8.04
$379,791
0.93
$383,329
Median Price
TREND
FLAT
Our candlestick graphs help explain the Nest areas more clearly. The top graph below shows the lowest and highest prices paid for a house within an entire Nest area last year, along with a block that shows you the price range in which the majority of the homes were sold. A similar graph, at the bottom of the page, defines the range of lot sizes available, along with a block that shows the range in which most lot sizes fell this year. first line is minimum
Last line is maximum
average range
Price Range $0
$250,000
$500,000
$750,000
$1 M +
0
2.5
5.0
7.5
10 +
Lot Size (in acres)
average lot size
6
TR IA N G L E M SA
TOTAL SALES VS. MEDIAN PRICE 30,000
$320,000
29,000
$300,000
28,000
$280,000
27,000
$260,000
26,000
$240,000
25,000
$220,000
2015
2016
2017
2018
2019
2017
%
2018
%
2019
29,198
-2.72
28,405
5.59
29,993
$278,000
7.73
$299,500
3.51
$310,000
$149
2.01
$152
5.26
$160
39
-48.72
20
10.00
22
Avg List Price
$351,703
4.45
$367,345
2.83
$377,745
Avg Sale Price
$319,418
6.13
$338,985
4.42
$353,982
$9,326,366,764
3.24
$9,628,868,925
10.26
$10,616,982,126
Total Sales Median Price Price / S.F. Days On Market
Total Volume
TREND
*The Triangle MSA consists of four primary counties: Wake, Durham, Orange, and Chatham. Data as of 1/6/20.
7
WAK E CO UN TY A RE A SP OT L IGHT
AMBERLY LOCAL Located in the Amberly neighborhood in west Cary, Amberly Local opened its doors in fall 2019. Serving local craft beer on tap, food, and wine, it’s quickly become a local “watering hole” for folks who live in the surrounding neighborhoods.
1999
28.36
2,572
1,712
AVERAGE YEAR HOUSES BUILT
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
2018
%
2019
20,251
5.35
21,335
$305,000
3.28
$315,000
Price per Sq. Ft.
$152
-0.66
$151
Days on Market
18
16.67
21
Avg. List Price
$372,955
2.73
$383,150
Avg. Sales Price
$345,254
4.22
$359,838
$6,991,738,754
9.80
$7,677,143,730
OSHA THAI & SUSHI Osha Thai & Sushi in Holly Springs serves authentic Thai cuisine, fresh sushi, and a fantastic array of
Total Sales Median Price
TREND
specialty cocktails. With an environment for the family or a special occasion, it’s definitely one to check out.
Total Volume
FLAT
TOTAL SALES VS. MEDIAN PRICE
KING’S BOWLING ALLEY
24,000
$320,000
22,000
$300,000
20,000
$280,000
it up a notch (or three). With more than 32,000
18,000
$260,000
square feet of entertainment space, you can bring
16,000
$240,000
14,000
$220,000
This isn’t your standard bowling alley. King’s kicks
out your inner kid with billiards, ping pong, foosball, shuffleboard, darts, air hockey, and, of course, bowling.
2015
8
2016
2017
2018
2019
DU RHA M C O U N T Y AR EA SPOT LI GHT
BAR VIRGILE Specializing in craft and classic cocktails as well as an ever changing dinner and small plates menu, Bar Virgile shines in the heart of Downtown Durham.
1988 AVERAGE YEAR HOUSES BUILT
18.57
2,091
1,632
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
2018
%
2019
TREND
5,032
9.02
5,486
$255,000
6.66
$271,991
Price per Sq. Ft.
$143
32.87
$190
Days on Market
17
5.88
18
Avg. List Price
$291,866
6.86
$311,886
Avg. Sales Price
$279,157
7.80
$300,924
$1,404,718,024
17.52
$1,650,869,064
PICNIC DURHAM Total Sales
Don’t ask for the skinny on the barbecue sauce at
Median Price
Total Volume
PICNIC: It’s a family recipe. Wood-cooked pork comes from right up the road in Bahama, provided by a pig farmer who’s also a partner in the business.
TOTAL SALES VS. MEDIAN PRICE 5,500
$280,000
5,000
$260,000
4,500
$240,000
4,000
$220,000
3,500
$200,000
3,000
$180,000
2015
2016
2017
2018
SAM’S BOTTLE SHOP With one of the most well-stocked craft beer selections in the country, you can pick up just about any bottle of beer that you can imagine. Be sure to check out the wide variety of draft beers at the second-story bar and enjoy one on the rooftop.
2019
9
O RANGE CO UN TY
ARE A SP OT L IGHT
ACME FOOD & BEVERAGE Acme Food & Beverage Company has been serving Southern American cuisine since 1988. The menu draws inspiration from the seasonal rhythms and flavors and fresh local ingredients to create Southern American dishes in a fine dining setting.
THE CAT’S CRADLE The Cat’s Cradle is a legendary local music venue that has played host to many famous musicians in their early days, including R.E.M., Nirvana, and the Dave
1987
13.46
2,522
1,510
AVERAGE YEAR HOUSES BUILT
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
2018
%
2019
1,852
1.57
1,881
$317,000
0.32
$318,000
Price per Sq. Ft.
$168
2.98
$173
Days on Market
31
-3.23
30
Avg. List Price
$418,393
0.69
$421,297
Avg. Sales Price
$380,660
1.27
$385,480
$704,982,320
2.85
$725,087,880
Total Sales Median Price
TREND
FLAT
Matthews Band.
Total Volume
TOTAL SALES VS. MEDIAN PRICE 2,000
$340,000
1,800
$320,000
Since 1977, the Carrboro Farmers Market welcomes
1,600
$300,000
farmers and artisans from within a 50-mile radius of
1,400
$280,000
the town. Hosted year-round, note that dogs aren’t
1,200
$260,000
permitted, so leave your four-legged friends at home!
1,000
$240,000
CARRBORO FARMERS MARKET
2015
10
2016
2017
2018
2019
FLAT
C HA TH A M C O U N T Y
AR EA SPOT LI GHT
FEARRINGTON VILLAGE Re m i n i s ce n t o f a n o l d S o u t h e r n fa r m v i l l a g e, Fearrington Village features the Fearrington House Inn and Restaurant. Treat yourself to something lovely in Dovecote Style or discover a favorite author in McIntyre’s Books. The spa boutique is aptly named...Heaven.
2002 AVERAGE YEAR HOUSES BUILT
44.22
2,687
1,677
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
2018
%
2019
1,270
1.65
1,291
$393,000
1.78
$400,000
Price per Sq. Ft.
$159
3.14
$164
Days on Market
39
-12.82
34
Avg. List Price
$478,383
2.10
$488,446
Avg. Sales Price
$415,309
5.17
$436,772
$527,442,430
6.91
$563,872,652
TREND
GRASSROOTS FESTIVAL Total Sales Median Price
The biannual Shakori Hills GrassRoots Festival of Music & Dance will be held Thursday, May 7, through Sunday, May 10, and Thursday, October 8, through Sunday, October 11, 2020. These dates will be the 18th annual spring festival and 17th iteration of the fall festival.
Total Volume
TOTAL SALES VS. MEDIAN PRICE 1,400
$400,000
1,300
$380,000
1,200
$360,000
1,100
$340,000
1,000
$320,000
amenities. Check out the Crosswinds Boating Center.
900
$300,000
They offer pontoon boat rentals, kayak rentals, and
2015
2016
2017
2018
2019
JORDAN LAKE STATE PARK Comprised of more than 4,500 acres of woods and shore as well as the almost-14,000-acre Jordan Lake, this is one of the region’s most desirable outdoor
fishing boat rentals on the lake!
11
AP EX 2007 AVERAGE YEAR HOUSES BUILT
$400,000
2,200
$380,000
2,000
$360,000
1,800
$340,000
1,600
$320,000
1,400
$300,000
2015
2016
2017
2018
2,886
2,031
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
%
2019
2,177
11.25
2,422
$372,000
3.49
$385,000
Price per Sq. Ft.
$152
1.97
$155
Days on Market
14
21.43
17
Avg. List Price
$420,811
2.65
$431,956
Avg. Sales Price
$402,475
4.54
$420,752
$876,188,075
16.31
$1,019,061,344
Median Price
2,400
43.51 % OF HOMES LESS THAN 5 YEARS OLD
2018 Total Sales
TOTAL SALES VS. MEDIAN PRICE
Total Volume
$0
$250,000
$500,000
$750,000
$1 M +
0
2.5
5.0
7.5
10 +
Lot Size
2019
(in acres)
2008 AVERAGE YEAR HOUSES BUILT
1,400
$380,000
1,200
$360,000
1,000
$340,000
800
$320,000
600
$300,000
400
$280,000
12
2017
2018
2019
36.75
2,755
1,970
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
%
2019
1,055
8.53
1,145
$355,000
4.22
$369,990
Price per Sq. Ft.
$141
3.55
$146
Days on Market
17
23.53
21
Avg. List Price
$390,296
4.42
$407,529
Avg. Sales Price
$374,407
2.81
$384,918
$394,999,385
11.58
$440,731,110
Median Price
TOTAL SALES VS. MEDIAN PRICE
WAKE CO UNTY
2018 Total Sales
2016
TREND
Price Range
H O LLY S P RI NGS
2015
WAKE CO UNTY
Total Volume
TREND
Price Range $0
$250,000
$500,000
$750,000
$1 M +
0
2.5
5.0
7.5
10 +
Lot Size (in acres)
C A RY
W A K E C O U NT Y
1999 AVERAGE YEAR HOUSES BUILT
21.54
2,887
1,956
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
2018
%
2019
TREND
2,788
0.54
2,803
FLAT
$376,178
3.67
$390,000
Price per Sq. Ft.
$159
3.14
$164
Days on Market
18
22.22
22
Avg. List Price
$437,916
2.75
$449,961
Avg. Sales Price
$411,662
4.47
$430,051
$1,147,713,656
5.03
$1,205,432,953
Total Sales Median Price
Total Volume
TOTAL SALES VS. MEDIAN PRICE
Price Range $0
$250,000
$500,000
$750,000
$1 M +
3,100
$400,000
3,000
$380,000
2,900
$360,000
2,800
$340,000
2,700
$320,000
2,600
$300,000
Lot Size (in acres)
0
5.0
2.5
F U Q U AY-V A R I N A 2007 AVERAGE YEAR HOUSES BUILT
7.5
42.08
2,337
1,694
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
%
2019
1,361
6.47
1,449
$285,941
4.88
$299,900
Price per Sq. Ft.
$130
3.85
$135
Days on Market
18
11.11
20
Avg. List Price
$315,187
1.95
$321,348
Avg. Sales Price
$298,627
5.79
$315,913
$406,431,347
12.63
$457,757,937
Median Price
Total Volume
$250,000
0
2.5
2018
2019
TOTAL SALES VS. MEDIAN PRICE
$500,000
$750,000
$1 M +
Lot Size (in acres)
2017
TREND
Price Range $0
2016
W A K E CO U NT Y
2018 Total Sales
2015
10 +
5.0
7.5
10 +
1,400
$300,000
1,300
$280,000
1,200
$260,000
1,100
$240,000
1,000
$220,000
900
$200,000
2015
2016
2017
2018
2019
13
GARNE R 2002 AVERAGE YEAR HOUSES BUILT
$260,000
1,200
$240,000
1,000
$220,000
800
$200,000
600
$180,000
400
$160,000
2,250
1,773
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
%
2019
1,286
-8.55
1,176
$255,000
3.92
$265,000
Price per Sq. Ft.
$118
5.93
$125
Days on Market
10
30.00
13
Avg. List Price
$265,236
6.35
$282,073
Avg. Sales Price
$252,420
7.49
$271,315
$324,612,120
-1.71
$319,066,440
Median Price
1,400
42.43 % OF HOMES LESS THAN 5 YEARS OLD
2018 Total Sales
TOTAL SALES VS. MEDIAN PRICE
WAKE CO UNTY
Total Volume
TREND
Price Range $0
$250,000
$500,000
$750,000
$1 M +
0
2.5
5.0
7.5
10 +
Lot Size 2015
2016
2017
2018
(in acres)
2019
M O RRI SVI LLE 2007 AVERAGE YEAR HOUSES BUILT
$320,000
550
$300,000
500
$280,000
450
$260,000
400
$240,000
350
$220,000
2015
14
2016
2017
2018
2019
2,741
1,911
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
%
2019
484
8.06
523
$313,000
2.24
$320,000
Price per Sq. Ft.
$149
1.34
$151
Days on Market
15
33.33
20
Avg. List Price
$350,999
1.55
$356,443
Avg. Sales Price
$332,063
1.43
$336,825
$160,718,492
9.61
$176,159,475
Median Price
600
19.76 % OF HOMES LESS THAN 5 YEARS OLD
2018 Total Sales
TOTAL SALES VS. MEDIAN PRICE
WAKE CO UNTY
Total Volume
TREND
Price Range $0
$250,000
$500,000
$750,000
$1 M +
0
2.5
5.0
7.5
10 +
Lot Size (in acres)
I N S I DE T H E B E LT L I N E R ALEI GH 1972
17.33
2,234
1,747
AVERAGE YEAR HOUSES BUILT
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
2018
%
2019
TREND
1,596
0.88
1,610
FLAT
$355,000
5.63
$375,000
Price per Sq. Ft.
218
7.34
$234
Days on Market
24
25.00
30
Avg. List Price
$489,820
2.47
$501,903
Avg. Sales Price
$431,015
9.32
$471,204
$687,899,940
10.28
$758,638,440
Total Sales Median Price
Total Volume
TOTAL SALES VS. MEDIAN PRICE
Price Range $0
$250,000
$500,000
WAKE CO U NT Y
$750,000
$1 M +
1,700
$380,000
1,600
$360,000
1,500
$340,000
1,400
$320,000
1,300
$300,000
1,200
$280,000
Lot Size (in acres)
0
5.0
2.5
M IDTOWN R A L E I G H
7.5
1987
12.90
2,573
1,706
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
2018
%
2019
2,147
-1.40
2,117
$289,900
3.45
$299,900
Price per Sq. Ft.
$153
3.27
$158
Days on Market
18
27.78
23
Avg. List Price
$360,092
2.36
$368,605
Avg. Sales Price
$341,004
1.96
$347,696
$732,135,588
0.54
$736,072,432
Median Price
Total Volume
$250,000
$500,000
0
2.5
5.0
2018
2019
TOTAL SALES VS. MEDIAN PRICE
FLAT
$750,000
$1 M +
Lot Size (in acres)
2017
TREND
Price Range $0
2016
W AKE CO U NT Y
AVERAGE YEAR HOUSES BUILT
Total Sales
2015
10 +
7.5
10 +
2,300
$300,000
2,200
$280,000
2,100
$260,000
2,000
$240,000
1,900
$220,000
1,800
$200,000
2015
2016
2017
2018
2019
15
NO RTH RALEI GH 1998
10.47
2,661
1,692
AVERAGE YEAR HOUSES BUILT
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
2018
%
2019
2,545
6.80
2,718
$268,025
1.55
$272,176
Price per Sq. Ft.
$136
2.94
$140
Days on Market
22
9.09
24
Avg. List Price
$361,750
4.78
$379,043
Avg. Sales Price
$328,394
2.30
$335,945
$835,762,730
9.25
$913,098,510
Total Sales Median Price
TOTAL SALES VS. MEDIAN PRICE 3,000
$280,000
2,800
$270,000
2,600
$260,000
2,400
$250,000
2,200
$240,000
2,000
$230,000
2015
2016
2017
2018
Total Volume
$0
$250,000
$500,000
$750,000
$1 M +
0
2.5
5.0
7.5
10 +
Lot Size
2019
(in acres)
1999
21.46
2,149
1,604
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
2018
%
2019
1,461
7.46
1,570
$210,000
8.10
$227,000
Price per Sq. Ft.
$213
-37.56
$133
Days on Market
14
0.00
14
Avg. List Price
$275,356
5.01
$289,143
Avg. Sales Price
$254,743
5.52
$268,804
$372,179,523
13.39
$422,022,280
Median Price
TOTAL SALES VS. MEDIAN PRICE 2,200
$230,000
2,000
$220,000
1,800
$210,000
1,600
$200,000
1,400
$190,000
1,200
$180,000
16
2017
2018
2019
WAKE CO UNTY
AVERAGE YEAR HOUSES BUILT
Total Sales
2016
TREND
Price Range
S O UTH RALE I GH
2015
WAKE CO UNTY
Total Volume
TREND
FLAT
Price Range $0
$250,000
$500,000
$750,000
$1 M +
0
2.5
5.0
7.5
10 +
Lot Size (in acres)
W AKE FO R E ST
W A K E C O U NT Y
2008
42.39
2,829
1,899
AVERAGE YEAR HOUSES BUILT
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
2018
%
2019
2,166
4.29
2,259
$336,404
1.07
$340,000
Price per Sq. Ft.
$133
3.01
$137
Days on Market
22
0.00
22
Avg. List Price
$384,090
3.36
$397,008
$357,201
3.41
$369,398
$773,697,366
7.85
$834,470,082
Total Sales Median Price
Avg. Sales Price Total Volume
TREND
FLAT
TOTAL SALES VS. MEDIAN PRICE
Price Range $0
$250,000
$500,000
$750,000
$1 M +
2,200
$340,000
2,000
$320,000
1,800
$300,000
1,600
$280,000
1,400
$260,000
1,200
$240,000
Lot Size (in acres)
0
WENDELL 2005 AVERAGE YEAR HOUSES BUILT
5.0
2.5
7.5
47.08
2,120
1,416
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
%
2019
1,067
20.71
1,288
$245,310
3.95
$255,000
Price per Sq. Ft.
$121
6.61
$129
Days on Market
12
8.33
13
Avg. List Price
$261,768
3.96
$272,132
Avg. Sales Price
$250,448
4.58
$261,906
$267,228,016
26.23
$337,334,928
Median Price
Total Volume
0
2018
2019
TOTAL SALES VS. MEDIAN PRICE
$250,000
$500,000
$750,000
$1 M +
Lot Size (in acres)
2017
TREND
Price Range $0
2016
W AK E C O U N T Y
2018 Total Sales
2015
10 +
2.5
5.0
7.5
10 +
1,400
$260,000
1,200
$240,000
1,000
$220,000
800
$200,000
600
$180,000
400
$170,000
2015
2016
2017
2018
2019
17
Z E BULO N 2004 AVERAGE YEAR HOUSES BUILT
$240,000
550
$220,000
500
$200,000
450
$180,000
400
$160,000
350
$140,000
2015
2016
2017
2018
2,005
1,579
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
%
2019
445
30.56
581
$230,000
4.35
$240,000
Price per Sq. Ft.
$118
5.93
$125
Days on Market
15
0.00
15
Avg. List Price
$249,312
2.07
$254,482
Avg. Sales Price
$233,144
6.68
$248,725
$103,749,080
39.29
$144,509,225
Median Price
600
51.54 % OF HOMES LESS THAN 5 YEARS OLD
2018 Total Sales
TOTAL SALES VS. MEDIAN PRICE
Total Volume
$250,000
$500,000
$750,000
$1 M +
0
2.5
5.0
7.5
10 +
Lot Size
2019
(in acres)
TOTAL SALES VS. MEDIAN PRICE 900
$300,000
850
$280,000
800
$260,000
750
$240,000
700
$220,000
650
$200,000
18
2018
2019
DU RH AM CO UNTY
1962
16.05
1,757
1,521
AVERAGE YEAR HOUSES BUILT
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
2018
%
2019
824
6.80
880
$275,000
8.36
$298,000
Price per Sq. Ft.
$181
9.94
$199
Days on Market
23
-8.70
21
Avg. List Price
$326,270
2.96
$335,926
Avg. Sales Price
$303,164
14.22
$346,280
$249,807,136
21.98
$304,726,400
Median Price
2017
FLAT
$0
Total Sales
2016
TREND
Price Range
DOWNTOWN DURHAM
2015
WAKE CO UNTY
Total Volume
TREND
Price Range $0
$250,000
$500,000
$750,000
$1 M +
0
2.5
5.0
7.5
10 +
Lot Size (in acres)
NORTH D U R H A M
DU R H AM CO U NT Y
1987
8.58
1,960
1,602
AVERAGE YEAR HOUSES BUILT
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
2018
%
2019
1,293
11.29
1,439
$203,000
11.82
$227,000
Price per Sq. Ft.
$123
9.76
$135
Days on Market
20
10.00
22
Avg. List Price
$240,217
12.54
$270,332
Avg. Sales Price
$230,591
10.72
$255,310
$298,154,163
23.22
$367,391,090
Total Sales Median Price
Total Volume
TREND
TOTAL SALES VS. MEDIAN PRICE
Price Range $0
$250,000
$500,000
$750,000
$1 M +
1,400
$230,000
1,300
$220,000
1,200
$210,000
1,100
$200,000
1,000
$190,000
900
$180,000
Lot Size (in acres)
0
5.0
2.5
SOUTHWEST DURHAM 1998 AVERAGE YEAR HOUSES BUILT
7.5
25.09
2,250
1,726
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
%
2019
2,598
9.74
2,851
$270,000
6.48
$287,500
Price per Sq. Ft.
$139
57.55
$219
Days on Market
13
15.38
15
Avg. List Price
$297,474
7.89
$320,932
Avg. Sales Price
$289,016
5.84
$305,902
$750,863,568
16.15
$872,126,602
Median Price
Total Volume
$250,000
$500,000
0
2.5
5.0
2018
2019
TOTAL SALES VS. MEDIAN PRICE
$750,000
$1 M +
Lot Size (in acres)
2017
TREND
Price Range $0
2016
DURH AM CO U NT Y
2018 Total Sales
2015
10 +
7.5
10 +
3,000
$280,000
2,800
$260,000
2,600
$240,000
2,400
$220,000
2,200
$200,000
2,000
$180,000
2015
2016
2017
2018
2019
19
CH AP E L H I LL 1997
31.36
2,825
1,790
AVERAGE YEAR HOUSES BUILT
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
2018
%
2019
1,782
-6.85
1,660
$391,000
2.30
$400,000
Price per Sq. Ft.
$175
1.71
$178
Days on Market
35
-2.86
34
Avg. List Price
$486,403
1.80
$495,175
Avg. Sales Price
$432,094
3.09
$445,466
$769,991,508
-3.96
$739,473,560
Total Sales Median Price
TOTAL SALES VS. MEDIAN PRICE 2,000
$400,000
1,800
$390,000
1,600
$380,000
1,400
$370,000
1,200
$360,000
1,000
$350,000
2015
2016
2017
2018
O RANG E CO UNTY
Total Volume
Price Range $0
$250,000
$500,000
$750,000
$1 M +
0
2.5
5.0
7.5
10 +
Lot Size
2019
(in acres)
CARRBO RO 1978
6.81
1,828
1,317
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
2018
%
2019
114
25.44
143
$253,000
21.54
$307,500
Price per Sq. Ft.
$186
9.68
$204
Days on Market
26
-23.08
20
Avg. List Price
$295,205
14.14
$336,960
Avg. Sales Price
$274,447
13.70
$312,046
$31,286,958
42.62
$44,622,578
Median Price
TOTAL SALES VS. MEDIAN PRICE 150
$320,000
140
$300,000
130
$280,000
120
$260,000
110
$240,000
100
$220,000
20
2016
2017
2018
2019
O RANG E CO UNTY
AVERAGE YEAR HOUSES BUILT
Total Sales
2015
TREND
Total Volume
TREND
Price Range $0
$250,000
$500,000
$750,000
$1 M +
0
2.5
5.0
7.5
10 +
Lot Size (in acres)
H IL L S BO R O UG H 1989 AVERAGE YEAR HOUSES BUILT
O R A N GE CO U NT Y
17.77
2,335
1,864
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
2018
%
2019
474
6.54
505
$289,990
0.00
$290,000
Price per Sq. Ft.
$150
4.00
$156
Days on Market
28
-14.29
24
Avg. List Price
$340,446
2.48
$348,904
Avg. Sales Price
$327,342
-0.21
$326,667
$155,160,108
6.32
$164,966,835
Total Sales Median Price
Total Volume
TREND
FLAT
TOTAL SALES VS. MEDIAN PRICE
FLAT
Price Range $0
$250,000
$500,000
$750,000
$1 M +
550
$310,000
500
$300,000
450
$290,000
400
$280,000
350
$270,000
300
$260,000
Lot Size (in acres)
0
PI TTS BO R O 1996 AVERAGE YEAR HOUSES BUILT
5.0
2.5
7.5
27.59
2,487
1,823
% OF HOMES LESS THAN 5 YEARS OLD
AVERAGE DETACHED SQ. FT.
AVERAGE ATTACHED SQ. FT.
%
2019
386
6.48
411
$325,000
7.66
$349,900
Price per Sq. Ft.
$144
4.86
$151
Days on Market
44
-13.64
38
Avg. List Price
$401,361
1.21
$406,233
$346,940
8.64
$376,920
$133,918,840
15.68
$154,914,120
Median Price
Avg. Sales Price Total Volume
2017
2018
2019
TREND
TOTAL SALES VS. MEDIAN PRICE
Price Range $0
2016
C H A T H AM C O U NT Y
2018 Total Sales
2015
10 +
$250,000
$500,000
$750,000
$1 M +
500
$350,000
400
$340,000
300
$330,000
200
$320,000
100
$310,000 $300,000
0
Lot Size (in acres)
0
2.5
5.0
7.5
10 +
2015
2016
2017
2018
2019
21
O F F I C E S P OTLI GH T
Our Nests
NEST AMBERLY 704 Slash Pine Drive | Cary, NC 27519 (919) 948-6378 The Nest Realty office located in the Amberly neighborhood of west Cary is geographically just below the Streets of Southpoint. It’s the newest of the two Nest offices, having opened its doors in the summer of 2018. Fifteen licensed agents from Holly Springs, Cary, Raleigh, Southwest Durham, and Chapel Hill call this swanky contemporary light-filled office their Nest home away from home. 501 NEST REALTY 308 West Main Street | Durham, NC 27701 (919) 493-8383 The 501 Nest Realty office pre-dated our January 2019 association with Nest Realty. We moved into this space in early 2015. Located on Main Street in the heart of booming Downtown Durham, our funky urban loft supports local artists. There are 39 licensed agents who primarily work the Durham and Chapel Hill markets, but rest assured that they serve the greater Triangle area when called into service. 22
1
2
4
Raleigh-Durham-Chapel Hill
3
AREA MAP KEY 1. Orange County
3. Wake County
pg. 10
pg. 8
2. Durham County
4. Chatham County
pg. 9
pg. 11
501 NEST REALTY 308 W. MAIN STREET, SUITE A DURHAM, NC 27701 NESTREALTY.COM