The market in the Triangle is still strong.
Chatham County and Pittsboro have 20,000 new homes on the books. Yikes! Most of these homes are in the $450,000 and up range. Not surprisingly, the most popular areas are near Jordan Lake and within an easy drive to the University of NC and Research Triangle Park.
Chapel Hill homes are on the market a bit longer than they have been in the past for several reasons; they are more expensive than ever before, people relocating here from other areas are having difficulty selling their homes and the new home market in nearby Chatham County is offering tempting upgrades at "no extra charge'.
New construction in Chapel Hill is going up, not out. New multi story condo complexes are being built downtown, including Greenbridge, an ambitious green building. Visit www.GreenbridgeDevelopments.com, to learn more.
Hillsborough, the county seat of Orange County, has awakened from its historical slumber and is coming alive! It may be the only downtown area next year with enough parking. Over 400 new spots are being created even as you read this.
Carrboro has a building moratorium that they are billing their, growatorium, so they can discuss how to rezone areas for higher density. There are few building lots and the rural buffer zone of Orange County borders them on the west. Two areas in north Carrboro are transitioning from agricultural areas to residential areas. They are near I-40 to make commutes to RTP easy.
