Tuesday, July 24, 2007

Downtown Raleigh has seen the light...

Here is another great article regarding downtown Raleigh and the efforts to revamp, revitalize and make us an even bigger contender.....

Building Booms in Downtown Raleigh

Entrepreneurial shucking at it's finest....

Monday, July 23, 2007

McMansions, Estates and Lotsa Money


It seems that home sales are down in most of the country - you would agree with that, right? Well, not all home sales! Even in the Raleigh area the sales of luxury, high-end properties have drastically picked up. Following is a story relating the country as a whole.

Soaring Into The Stratosphere

As for Wake County here are some statistics that might surprise you.

In Wake County ONLY sales jumped from $546,765,433.00 in May to a whopping $601,819,487.00 in June. That is the highest monthly sales in over a year - now I ask you, are we in a slump? Keep in mind, that is WAKE county only. It does not include Durham, Chapel Hill, and smaller areas such as Youngsville and Franklinton. Pretty astounding.

The zip code with the highest amount of sales is 27587. That includes all of Wake Forest and part of Wakefield Plantation. According to statistics there were 198 home sales in the month of June for just that zip code.

If you would like monthly updates on statistics for Wake County and surrounding counties please just send me an email and I will be happy to oblige.

Some serious house-buying shucking going on.....

Saturday, July 21, 2007

We Built This City.....

Well, the following article is tandem to the article a few days ago about growth creeping into Creedmoor. When I lived in Charlotte (years ago) the exact same thing had happened. Charlotte became synonomous with Mecklenberg County. I remember when I would get new clients back then they would specifically say, "We only want county taxes!" I had to disclose that I could sell them a house with county taxes but that there was no way I could predict when their home would be annexed by Charlotte. It was inevitable - everyone within the county was scopped up by Charlotte. Not only was Charlotte the same as Mecklenberg County -there was also a fine line between North Carolina and South Carolina. Rock Hill, SC was growing north and Charlotte (at the time) was growing South - the two met at one point.

My friends, the same is happening here. I am constantly getting requests from people that they want a house in Wake Forest (where I live), Cary, Knightdale, Apex, etc......my friends, it is all the same. There is rarely a defining line between the two and as evidenced by the article, soon there will be no difference between the "city" and the "county". It is the price we pay. We have some of the best schools in the country, best universities and colleges in the country, the biggest research area in the country, a fantastic cost of living and, interestingly enough, a slower pace compared to the rest of the country despite our achievements.......as I said, it is the price we pay.

Farmland Threatened By Wake Development

Busting and booming shucking.......

Monday, July 16, 2007

Like your momma said - Gettin' too big for your breeches....

Bound to happen! There is no more room in Wake County! Okay, not exactly true - but, I got your attention! Many smaller bedroom communities have experienced a boom in the influz of residents. Why, duh! First was Cary, Wake Forest, then came Zebulon, Knightdale and along came Holly Springs, Apex and "The Quay". If I left anyone don't scream and throw a fit - it wasn't intentional. Now, slowly creeping in is Creedmoor. Honestly, I am surprised that it took this long.

from WRAL.com
Would you live in Creedmoor? (I would!) What do you think of the bedroom communities becoming mainstream?

Just a curious shucker....

A Walk Through Historic Wake Forest, NC