Top 10 Appreciating Developments in Wake
Stonehenge: 7.68%
Downing Village/Glen: 7.54%
Park at Perry Creek: 7%
Pearson Farms: 6.36%
Kelly West: 6.23%
Westborough: 5.3%
Jones Dairy Farm: 5.08%
Holly Glen: 4.88%
Cameron Village: 4.
Triangle homebuyers flock to retail areas, look for convenience
In Durham, experts are surprised to see homebuyers flock to areas around malls.
“Since I’ve been here, I haven’t seen anything like it. You build a mall and housing comes around it,” Anfindsen said.
The Streets at Southpoint has more than 140 shops and restaurants, and is located just off I-40.
“There’s a reason people want to live there,” Anfindsen said. “Now you’ve got shopping, you’ve got I-40 and you’ve got the park. It’s the closest of all three things in a combination.”
The average home in Durham sells in the $175,000 to $220,000 range. According to MLS data, hot locations in southwest Durham near the mall — like Hope Valley Farms — are selling for 2 percent more than the previous year.
Durham Realty Association president Bram Luknight says the average sales price is up nearly 11.7 percent within two miles of downtown Durham.
He says the Cleveland-Holloway neighborhood is a remodelers dream thanks to the downtown commercial development a few blocks away.
“In town, neighborhoods close to all the new restaurants, all the new business activity are experiencing a strong resurgence,” Luknight said.
