October Home Sales in The Triangle

Triangle wide closed sales are up 4.5%, median prices are up 3.8%.  The average days on market is 67.  However, if you look at sales where there were no price reductions, the average days on market was actually 50 and if a seller made price reductions, the average days on market was 142!  Also, Triangle wide, there is 5 months of inventory on the market which is not much.
The picture is a little different in Chapel Hill where closed sales – year-to-date – are down 8.7%, median prices are down 1.6%, the average days on market 58 days if there was no price reduction and 171 days if there was a price reduction.  Also of note, there is 7 months of inventory on the market which is well above the 5 months on average for the entire Triangle.
Durham is doing a bit better.  Home sales are up 3.8% in Durham, median prices are up 5% and the average days on market with no price reduction is 45 and 132 with a price reduction.  Durham’s supply of inventory is 4 months which below the market average. 
This indicates it is more of a seller’s market in Durham and a buyer’s market in Chapel Hill.
Cary is also doing well.  Home sales in Cary are up 1.4% and median prices are up 7.9%.  The average days on market with no price reduction is 36 days – which is amazing – and 115 with a price reduction.  Most notable, Cary has 2.8 months of inventory on the market which indicates it is a fairly strong seller’s market.
Team Jodi Realty provides area market data updated on a monthly basis.  We provide summary datadetailed data and monthly market reports by market area.
 

Music & Summer Fun!



I love attending outdoor concerts with family and friends this time of year! This is just a quick reminder of some of my favorites. Hope to see you at one of the events soon! 

Backdoor Music on the Lawn There will be 8 FREE (3 hour) concerts on Thursday nights from May to September. The shows start at 6:00 PM and most feature two bands. Picnics and coolers are welcome but no glass, please. Food and beverages are also available at the American Tobacco restaurants that surround the Amphitheater. Concerts are held next to the Lucky Strike Water tower.   

"Find Your Cool" Summer Concert Series Is an annual concert series put on by Downtown Durham, Inc. and held on Thursday nights at the CCB Plaza (where "Major the Bull" statue is located). Concerts are 7-8:30 and will feature eclectic bands. 

Rock the Park Music and Concert Series Is sponsored by Durham Parks and Recreation and occurs on Saturday evenings at various local parks around Durham. Music runs 6-8:00 PM and movies are 8-10:00 PM. 

Music in the Gardens  is a summer music series held at Sarah P. Duke Gardens, on the lawn beside the visitor center. The concerts are on Wednesdays and start at 7:00 PM.

Brightleaf Square Concert Series  is a popular free venue because you can dine outside and enjoy the lovely setting of the historic district. Concerts last from 7-9:00 PM.

Music on Main is being brought back at the Streets of Southpoint Mall. The concerts are held outside close to the movie theater and are 6-9:00 PM. 

Blues on The Plaza Northgate Mall is getting in on the action and kicking off a concert series on Fridays from 6-9:00 PM.

Take a look at these links for more fun events happening in Durham and The Triangle. Free Outdoor Music in The Triangle and Things to do in Durham.




Fix It or Not? What to Ask When Prepping Your Home for Sale!



This is a great article. Please give me a call if you want to know what the trends are in your neighborhood. I will be glad to give you a free market analysis and make recommendations to help you get your home market ready. There is a low inventory and Buyers are ready. I can help you get ready too! Don't spend money before talking to me. 
                                     
Lets talk about selling your home...919-475-9460




Under Contract in 12 Hours!

Take a look at this property at 5909 Rustic Wood Lane, Durham 27713. It went under contract in 12 hours. Who is next? Call me at 919-475-9460 to discuss your home value. 


Full Frame Festival 2014


I'm super EXCITED about the Full Frame Documentary Film Festival on April 3rd- 6th. I'm honored to be volunteering again this year but wanted to make sure you saw the Film List that was just released today. Take a look at the website, make plans to attend and check out the Free Screenings that are available. This is a fantastic event! The passes have already sold out but tickets will go on sale March 27th so mark your calendar. 

In feature films the director is God; in documentary films God is the director. 

~Alfred Hitchcock


What is the Real Estate Market doing?

Take a look at the video provided by our Triangle Multiple Listing Services. Let me know if you would like more data and if you are interested in knowing how your neighborhood compares with the overall information in The Triangle. Contact me at 919-475-9460 or Stacie@StacieDye.com.

Rare Music Concert...

Have you attended any of the Free Concerts at Duke? Mark your calendars because you will not want to miss any in the future. The  Baroque music on Baroque musical instruments, performed by Duke faculty Eric Pritchard and Randall Love, with Visiting Artist, William Conable (also an Alexander Technique teacher)was delightful! 

Take a look:


The concert was located in the Mary Duke Biddle Music Building. There is a beautiful collection of Musical Instruments on display.