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Chapel Hill Real Estate, Lake Hogan Farms Neighborhood, 2008 Market Stats

By
Real Estate Broker/Owner with Team Jodi Realty

It’s time again for a year-end Chapel Hill real estate, neighborhood market update.  Lake Hogan Farms is a complex neighborhood with three distinct sections.  This year, I have decided to provide market data, specifically high, low and average figures, separately for the single family homes on “larger” lots, single family patio homes and the townhouses. 

 

Average Stats Based on 16 Sales – Single Family Homes “Larger Lots”

 

Beds

Baths

SqFt

LP

SP

SP/LP

DOM

High

5

5

4,728

$959,000

$935,000

97%

222

Low

4

3

2,804

$465,000

$455,000

94%

2

Average

4

3

3,567

$648,521

$633,250

97%

59

 

Average Stats Based on 10 Sales – Single Family Patio Homes

 

Beds

Baths

SqFt

LP

SP

SP/LP

DOM

High

5

3

3,011

$436,000

$420,000

96%

128

Low

3

3

1,876

$325,000

$323,000

99%

8

Average

4

3

2,242

$362,450

$353,750

98%

56

 

Average Stats Based on 3 Sales – Townhouses

 

Beds

Baths

SqFt

LP

SP

SP/LP

DOM

High

4

5

3,322

$375,000

$375,000

100%

139

Low

3

3

2,001

$310,000

$300,000

96%

86

Average

3

3

2,669

$341,633

$333,666

97%

132


Are you considering selling your home?  Would you like to know what your home is worth?   Go to TiangleHomeValue.com and provide me with the requested information on your home.  I will get right back to you.


If you only want to monitor home values in the area, Team Jodi offers this service as well.  Check out our Market Snapshot Feature.


Please also visit Team Jodi's new and improved web site!       

Sandy McAlpine
RE/MAX EXECUTIVE - Cornelius, NC
Search Lake Norman Homes For Sale - Lake Norman NC

your numbers and percentages are looking somewhat like Lake Norman's at the moment

Jan 19, 2009 09:11 AM