Wednesday, October 26, 2005

There's something about...404 Berryhill Dr.

If you look back in 2005 404 Berryhill Dr. was on the market twice. In march of 2005, somebody purchased 404 Berryhill Dr. for $275,000. Then in August of 2005 404 Berryhill was put back on the market and sold for $290,000.

Now before everybody starts emailing me with requests to buy a house on Berryhill Dr. please note that before this house sold in March it was on the market for 3 months and went it sold the second time in was on the market for almost 4 months.

What I really want to point out is that generally, buying property in Carrboro is never a bad idea.

Tuesday, October 25, 2005

Another F.Y.I. Property

229 Stable Rd- $380,000, 2100 sq/ft ($180 per sq/ft), 3 bedrooms, 2.5 baths, built 2000, on a .146 acre lot.

This house was on the market for 4 days before it went under contract.

So what's the big difference between this house and yesterday's property on (1546 Pathway)? Without going into too many comparisons, I think it's safe to say the biggest differences are the age of the house and the original quality of construction. Stable Rd was built in 2000 and Pathway was built in 1994. Kovens Construction built the home on Stable Rd (the neighborhood is the Cedars at Bolin Forest).

In general, Kovens Construction does larger, more expensive, higher quality construction than the average builder-and the Cedars were no exception. Although I did not go into 229 Stable Rd, I have seen the inside of other homes in this neighborhood and I remember the actual finish of each home being EXCELLENT.

I guess what I am really saying is sometimes you get what you pay for, and sometimes you have to pay for what you want to get.

Monday, October 24, 2005

1546 Pathway- Under Contract

I haven't reveiwed this property before, but I thought it would be a good update:

1546 Pathway- $359,900, 4 bedrooms, 2.5 baths, 2300 sq/ft ($156 per sq/ft), built 1994, .25 acre lot. Available for sale (or what REALTORS call "being on the market") for 32 days.

To put this in perspective, the average home in Carrboro stays on the market for about 80 days. This is a combination of homes that sell in the first couple of days and new construction (which can typically be for sale more than a year).

I don't think this was the best deal of the year, but then again there's not a huge number of houses for sale in Carrboro either.

Sunday, October 23, 2005

What happened to the missing blog posts?!?

Sorry boys and girls. I really do try to post something everyday, but sometimes there is just nothing to say. Carrboro has an amazing market, but it is still a small town.

I would like to make it known, that if you follow this blog and have a question you would like me to share (and answer) with the rest of the blog readers, please just shoot me an email. I try to give the information I think you need to understand our Carrboro Market, but I'm not a mind reader. FYI, I also incorporate alot of home buying questions in the the free first time home buying class I hold once a month at Community Realty.