Residential real estate in the news - 10/29/09 09:48 AM
Home prices rise again According to the today's Case- Schiller index, prices in most major cities rose in August. However, Charlotte, NC actually decreased after 3 months of modest gains. Based on the index numbers, Charlotte home prices are approximately 9% lower than their peak in August in 2007. I have seen the same type numbers in the Raleigh area as well. Currently, all 20 markets tracked are still negative compared to a year ago, but overall the index has been improving.
It is important that you keep in mind that the report is for August and is not current. Also, we are in Raleigh and … (2 comments)

A little bit about Raleigh real estate values - 10/20/09 02:21 PM
This post was originally featured on my blog Raleigh Real Estate News at http://www.gravesrealtyassociates.com/raleigh-real-estate-news-blog/Did you know...
The annual, average appreciateion rate for a detached, single family home in Raleigh is about 3%? Line that statistic up against other parts of the country we hear about in the nightly news and we should feel fortunate. The current average list price of a single family home in Wake County is approximately $356,000. That reflects a 3% drop from last year. The average selling price is down about 10% to $245,000. North Hills continues to be a driving force for the residential real estate community commanding … (1 comments)

 
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Jason Graves

Raleigh, NC

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