Market Report - Raleigh NC
Chatham County New Home Listings Down 23% to Last Year
New Homes Under $300K Show Biggest Drop
Looking for a new home in the Raleigh area? Thinking the choices have gotten a little thinner? You're right....
New Home inventory in Chatham County NC was down 23% in November 2009 versus November 2008.
In September 2009, new home inventory was only down 16% to the same period in 2008.
Chatham County, which includes areas around Jordan Lake, south of Chapel Hill, Pittsboro, and Siler City, has been lauded for rolling, wooded hills and unspoiled terrain.
New Home Listings by Price Point in Chatham County NC
Chatham County saw some shifts in new home inventory levels. Some price points saw more inventory, while others saw decreased inventory.
- New homes in Chatham County under $300K reduced from 33 listings last year to only 16 listings this year, a 52% reduction in new homes at this price point.
- New homes in Chatham County from $300K to $399K decreased 30%, from 27 listings in November 2008 to only 19 listings in November 2009.
- Chatham County new homes in the $400-499K price point saw the only single family home increase, from 26 to 31 homes.
There have still been a significant number of sales in these price points - the increased inventory at these levels may be partially reflecting an increased demand.
Overall New Home Listings in Chatham County NC November 2009
In November 2008, there were 217 new homes listed in Chatham County NC.
In November 2009, there were only 168 new homes listed in Chatham County NC. Some of these new homes may be just beginning construction, or may be home and land presale packages - the number of completed new homes is much lower.
New Home Showings in Chatham County November 2009
New home showings in November were UP 20% versus September. This is a time of year that we usually see decreased showings. Compare With Other Areas of the Triangle
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Looking for more information on new homes in the Chatham County/Jordan Lake area?
Chatham County NC New Home Communities, Lots and Land
5 Easy Steps to Buying a Lot or Land in the Raleigh Area
Other Available Land and Lots in Communities
New Home Lots for Sale in Chatham County, NC
Build On Your Lot in Chatham County, NC
How to Determine a Reasonable New Home Budget
Chatham County Accessible Home Builders
Golf Community Homes in Chatham County
Mother in Law Suite Floor Plans Chatham County
Finding Your New Home in the Raleigh Area
Stanton Homes makes it easy! We'll guide you through the entire process - select from thousands of different floor plans, and hundreds of different locations, with a focus on new custom homes in the upper $100s to the $500s. Custom design build options available too!
Call 919-278-8070 or visit www.StantonHomes.com to find out more about new homes in the Raleigh area today.
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Articles copyright Stanton Homes 2006-2011. Unauthorized use is not permitted. Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements. Please note: all listing information per MLS, and current as of posting date. Information subject to change. Stanton Homes does not make claims to ownership of any lot listings, but can work with homebuyers to purchase available lots and build. Home plans to be approved on an individual basis, subject to neighborhood restrictive covenants and lot restrictions. Ask for further information regarding any community, lot or floor plan. Photos represent typical homes and details of each neighborhood, to help highlight different options available in the Raleigh/Triangle area. No claim of ownership is made to homes or land pictured.
