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Short Supply of Homes for Sale in Chapel Hill NC and Durham NC

by Masha Halpern

 

Housing costs are expected to rise above 3 % , According to NAR Chief Economist, Laurence Yun, because of a  housing shortage two-thirds of the country is experiencing. Chapel Hill, NC  Real Estate, Durham, NC real estate and Hillsborough, NC real estate are following suit and could possibly realize a greater  percentage of increase! Short-Supply is the word of the day!

The 'Triangle Region" decreased 7.8 % in new home starts, but contracts were up 2.8 %. The most amazing figure of all is that  'inventory' fell 14.8 %! Condos and Townhomes lost the least amount of inventory - 8.1 %, but they are have the smallest supply on the market at 1.4 months supply. That means its a crazy seller market in this area!

 I am certainly in agreement with this figure. We recently listed two townhomes- 71 Fernwood Lane & 13 Quintin Place and both sold within the first 48 hours with multiple offers respectively!

Contracts were up in the Triangle 2.9 % as an area and the median price rose 9.3 % to $264,995. Day on market for the area was down 18.5 % to 2.2 months indicating a strong seller market and likelihood of multiple offers given inventory levels. Check out what Stacey Andfidsen from our local MLS had to say about activity in February and what his expectations are for the Spring market!

 

 

Market-wide inventory levels are down 14.8 %. Interested to know what local inventory looks like for March  2018? Here are some amazing stats!

Durham Inventory- South West Durham saw inventory decrease by 9.7 % in March of 2018 and a rise in the median sale price of 14.9 %but Central Durham remains the HOT TICKET! 48.8 % rise in the median sale price, decreasing  inventory  of 6.1 % means homes wont last and if your'ewanting to buy a home in Durham having someone on the lookout for the perfect property is crucial. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chapel Hill and Carrboro are equally H-O-T, HOT!- New listing are down 13.8 % meaning that there are many buyers for any potential home and multiple offers is a definite possibility for your well maintained- updated, and priced right home! Im seeing homes sell for AT LEAST 99.3 % of asking price if not more! Avg sale price is up in Chapel Hill to $406,398. and we have had an increase in closed home sales  of 24 % - which means that the snow didn't slow Chapel Hill home buyers much!

 

 

 

 

 

 

 

 

 

 

 

 

Hillsborough NC Homes for Sale also had a lively market in March. New inventory was actually up 11.9 %and asking price retention of 97% list to sale ratio is rather high for this historic enclave town and "County Seat"

 

 

 

 

 

Here are some other interesting facts if you happen to be a homeowner and are considering selling your home in Durham  Chapel Hill / Carrboro or Hillsborough:

  • Price ranges with the strongest sales were those  homes $309,000 or higher
  • Houses with the strongest sales had 4 bedrooms or more
  • Properties with the strongest sales were Town homes and Condos

The Federal Reserve raised interest rates by .25% in March citing concerns about inflation. Two more increases are expected this year which means borrowing money will be more expensive but with unemployment rates at 4.1% it seems the economy is prepared for this. What does this mean for home buyers? It could mean $60 dollars more per month for the avg priced home or $300 more per month for luxury properties.

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Masha Halpern and The Boutique Real Estate Team is your ultimate real estate resource for Chapel Hill, Durham, Carrboro and surrounding areas. Visit my website at www.MashaHalpern.com for detailed information regarding today’s real estate markets.

 Masha is a certified member of The Luxury Home Marketing Institute, participates in its annual Leaders in Luxury Conference, and works with The Institute’s thousands of members worldwide to share information about current listings.

 Masha is also a certified member of Keller Williams Luxury International and is Chapel Hill & Durham's EXCLUSIVE  member of Cyber Stars International – Top Realtors Using Technology – a group dedicated to taking the best and latest technological advances and applying them to real estate advertising and marketing for her clients in all price points. Masha Halpern can be contacted for a private consultation by calling 919-414-0337 or by visiting www.MashaHalpern.com.

Masha's Expertise Guided the Sale of this Condo!

by AH for Masha Halpern

This spacious condo was just SOLD by Masha! Our team's marketing highlighted the property's features and Masha's expert negotiating skills led to a successful closing! Take a Tour.

Call us today if you want to experience superior marketing for your home or investment property.

Masha Halpern and The Smart Move Team is your ultimate real estate resource for Chapel HillDurhamCarrboro and surrounding areas. Visit my website at www.TheSmartMoveTeam.com for detailed information regarding today’s real estate markets.

·Masha is a certified member of The Luxury Home Marketing Institute, participates in its annual Leaders in Luxury Conference, and works with The Institute’s thousands of members worldwide to share information about current listings.

·Masha is also a certified member of Keller Williams Luxury International and is Chapel Hill & Durham's EXCLUSIVE  member of Cyber Stars International – Top Realtors Using Technology – a group dedicated to taking the best and latest technological advances and applying them to real estate advertising and marketing for her clients in all price pointsMasha Halpern can be contacted for a private consultation by calling 919-414-0337 or by visiting www.TheSmartMoveTeam.com.

Comfort & Convenience in Forest Oaks

by AH for Masha Halpern

131 Forest Oaks Drive

Offered at $155,000

Take a Tour

 

Life a life of convenience & comfort at 131 Forest Oaks Drive in the esteemed Forest Oaks community. This 2 bedroom plus loft townhome offers both a master bedroom and a main-level bedroom for optional one-level living. 

Most rooms feature berber carpeting, with hardwoods in the foyer, vinyl in the kitchen, and tile in both bathrooms. The open family room is brightened by a vaulted ceiling with skylight. The beautiful fireplace with adjacent bookshelf offers the perfect place to cozy up with a good book.

A chandelier lights the dining room which is adjacent to the kitchen with a large opening for access and ease of serving meals. The kitchen has everything you need: lots of counter & cabinet space, a double sink, flat-surface cooktop, oven, dishwasher, refrigerator, and views of the family & dining rooms for an open feel & easy entertaining.

The large Master Bedroom offers natural light from 2 large windows, double closet access, and a modern ceiling fan. Located upstairs, this bedroom shares a full bath with the loft. With a linen closet just off the hallway, the master bath features file flooring, a cultured marble countertop with espresso stained cabinets & brushed nickel hardware, and a fiberglas tub/shower combo.

The versatile loft offers views of the family room below, a skylight and a closet. This space would be perfect for a home office, workout room or nursery.

A private back patio is accessed by french doors from the family room. The patio has a storage closet, privacy walls and slate pavers with space for a grill - perfect for cookouts! A wooded buffer stretches behind this set of units for extra yard space & privacy.

Neighborhood amenities include a clubhouse and pool. Mere minutes from Duke University, Duke Medical Center & downtown Durham, this home has it all!

Masha Halpern and The Boutique Real Estate Team is your ultimate real estate resource for Chapel Hill, Durham, Carrboro and surrounding areas. Visit my website at www.TheSmartMoveTeam.com for detailed information regarding today’s real estate markets.
 

Masha is a certified member of The Luxury Home Marketing Institute, participates in its annual Leaders in Luxury Conference, and works with The Institute’s thousands of members worldwide to share information about current listings.
 

Masha is also a certified member of Keller Williams Luxury International and is Chapel Hill & Durham's EXCLUSIVE  member of Cyber Stars International – Top Realtors Using Technology – a group dedicated to taking the best and latest technological advances and applying them to real estate advertising and marketing for her clients in all price points. Masha Halpern can be contacted for a private consultation by calling 919-414-0337 or by visiting www.TheSmartMoveTeam.com.

 

 

Just Listed - Spacious Condo in the popular American Village neighborhood!

by AH for Masha Halpern

Set amongst the woods of Pebble Creek in the American Village neighborhood and adjacent to Duke Forest, you'll find this newly painted and carpeted 2 bedroom, 2.5 bath condo features an open floorplan. 

Sunlight enters a 2 story family room through floor to ceiling windows which surround the fireplace with access to a large, private deck.

The kitchen offers unobstructed views of the dining and family room and features a breakfast bar, ample countertop space, a gas stove, built-in microwave, and hardwood floors.

The unique den offers versatile space with a closet, washer/dryer closet, and a half-bath. A sliding door opens to the front deck - a perfect place for sipping morning coffee or tea.

Enjoy loft-like living in the owner's suite with sliding doors that open to the family room below & views of the outdoors. Both bedrooms feature walk-in closets and extra storage space. The Master Bathroom features newly painted cabinetry, a double sink vanity and built-in mirrors with medicine cabinets. The second full bath offers a large shower, granite covered vanity, track lighting and a medicine cabinet for storage.

So many possibilities with a large unfinished daylight basement - perfect to finish off and use as a home gym, office, media room or bonus room.

Combining neighborhood amenities such as hiking/biking trails and a park, with an easy commute to Duke University, Duke Medical Center, Duke Forest and downtown Durham, this home is perfect for an active lifestyle.

Take a tour to explore more features at 4229BAmericanDrive.com.

Offered at $181,000


Masha Halpern and The Boutique Real Estate Team is your ultimate real estate resource for Chapel Hill, Durham, Carrboro and surrounding areas. Visit my website at www.TheSmartMoveTeam.com for detailed information regarding today’s real estate markets.

 

Masha is a certified member of The Luxury Home Marketing Institute, participates in its annual Leaders in Luxury Conference, and works with The Institute’s thousands of members worldwide to share information about current listings.

 

Masha is also a certified member of Keller Williams Luxury International and is Chapel Hill & Durham's EXCLUSIVE  member of Cyber Stars International – Top Realtors Using Technology – a group dedicated to taking the best and latest technological advances and applying them to real estate advertising and marketing for her clients in all price points. Masha Halpern can be contacted for a private consultation by calling 919-414-0337 or by visiting www.TheSmartMoveTeam.com.

New Price for Beautiful Home with Golf Lifestyle

by AH for Masha Halpern

 

LIVE ON THE GOLF COURSE

 SUPER  NEW PRICE of $305,000.

 

 

1219 East Pointe Drive in Treyburn's Golf Community

 

Take a Tour at www.1219EastPointeDrive.com

 

Imagine a home that has a place for everyone….large & open, yet defined spaces allow for much enjoyment in this lovely home tucked away on a cul-de-sac home site beautifully situated on Hole #6 of the acclaimed Treyburn Golf Course. With 3 bedrooms, plus a separated bonus room, it’s the ideal design for versatility. It’s beautifully appointed with architectural details & offers the possibility of expansive views of nature & golf course. There is so much more.. Now with a new price, we invite you to explore this home privately by contacting Masha to schedule a preview.

 

 

Another home SOLD by Masha!

by A. Harrison

Masha Halpern and her Team had the pleasure of representing the buyers in their purchase of this sweet home in Willow Hill. Located on nearly half an acre, this home has been updated with exterior paint and gutters. The kitchen and bathrooms have been newly renovated for a fresh look. Outdoor entertaining is easy on the spacious deck overlooking the fenced backyard. 

If you or someone you know is interested in finding a home similar to 5519 Genesee, we are here to help. Contact us today for a complimentary buyer consultation!

Masha Halpern and The Boutique Real Estate Team is your ultimate real estate resource for Chapel HillDurhamCarrboro and surrounding areas. Visit my website at www.MashaHalpern.com for detailed information regarding today’s real estate markets.

· Masha is a certified member of The Luxury Home Marketing Institute, participates in its annual Leaders in Luxury Conference, and works with The Institute’s thousands of members worldwide to share information about current listings.

· Masha is also a certified member of Keller Williams Luxury International and is Chapel Hill & Durham's EXCLUSIVE  member of Cyber Stars International – Top Realtors Using Technology – a group dedicated to taking the best and latest technological advances and applying them to real estate advertising and marketing for her clients in all price points. Masha Halpern can be contacted for a private consultation by calling 919-414-0337 or by visiting www.MashaHalpern.com.

Welcome to 3 Pegram Court!

by Masha Halpern

 

Masha Halpern is pleased to present this wonderfully maintained and beautifully updated home. Just coming on the market is 3 Pegram Court in Durham's Brightleaf community. 

 

 

 

 

 

 

Nicely sited on an easy to maintained sunny home-site at the entrance of a cul de sac street of lovely neighbors!

 

 

Offering new hardwood floors on the main floor, stairs, upstairs hall & owner's suite, new plumbing, lighting and cabinetry fixtures, you will delight in the gourmet kitchen & smart design. A bright & cheerful family and bonus rooms offer flex space for entertainment...

This home has great spaces for gardening, cooking, entertaining and relaxing!
 
Call Masha Halpern for a private showing. 919-414-0337.
 

Masha Halpern and The Smart Move Team is your ultimate real estate resource for Chapel HillDurhamCarrboro and surrounding areas. Visit my website at www.TheSmartMoveTeam.com for detailed information regarding today’s real estate markets.

Masha is a certified member of The Luxury Home Marketing Institute, participates in its annual Leaders in Luxury Conference, and works with The Institute’s thousands of members worldwide to share information about current listings.

Masha is also a certified member of Keller Williams Luxury International and is Chapel Hill & Durham's EXCLUSIVE member of Cyber Stars International – Top Realtors Using Technology – a group dedicated to taking the best and latest technological advances and applying them to real estate advertising and marketing for her clients in all price pointsMasha Halpern can be contacted for a private consultation by calling 919-414-0337 or by visiting www.TheSmartMoveTeam.com.

 
 
 
 
 

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Photo of Masha Halpern - Boutique Real Estate Real Estate
Masha Halpern - Boutique Real Estate
Keller Williams Realty
101 Cosgrove Avenue, Suite 200
Chapel Hill NC 27514
Direct 919-951-1780
Toll Free 877-478-4669
Fax: 919-928-9030




Masha Halpern of Keller Williams Realty provides real estate services in the Chapel Hill, Carrboro and Durham, North Carolina area including real estate services for buyer, sellers and those relocating to the surrounding areas of Apex, Bahama,Cary, Efland, Hillsborough, Holly Springs, Mebane, Raleigh, and Wake Forest. Search for homes in Chapel Hill, Carrboro, Durham or the surrounding communities.  Request a market analysis for your North Carolina property.  I list and sell residential real estate, investment property, vacant land, lots for sale in Chapel Hill, Carrboro and Durham, North Carolina area.

Chapel Hill, Carrboro and Durham, North Carolina real estate and homes for sale in North Carolina - Masha Halpern & The Smart Move Team

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