Hayes Barton is Raleigh's Priciest [ITB] Neighborhood according to new list published by TBJ (Boone: real estate, big home)
Raleigh, Durham, Chapel Hill, CaryThe Triangle Area
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Here are the ten richest with Hayes Barton and Country Club Hills leading the way..
Hayes Barton
Country Club Hills
Lakestone
Highland Gardens
Drewy Hills/Williamsborough
Cambridge Woods
Anderson Heights
Darien Place
Wayland Heights
Lake Boone Place
The accompanying gallery is a look into Raleigh’s oldest and most established streets located within the confines of the Interstate 440 Beltline, which are most certainly the priciest residential properties on a per-square-foot basis in the region ...
The gallery was compiled using data from the Wake County Revenue Department, which keeps a tally of the appraised tax values of every residential and commercial property in Wake County...
(Amanda Hoyle covers commercial and residential real estate. Follow her on Twitter @TBJrealestate)
Last edited by UserNamesake; 08-11-2016 at 06:33 AM..
I'm a bit surprised that the area near North Hills (Williamsborough?) isn't on the list. I can only guess it's because they're really big homes that the per sq ft price is lower.
I'm a bit surprised that the area near North Hills (Williamsborough?) isn't on the list. I can only guess it's because they're really big homes that the per sq ft price is lower.
It says that the rankings were based on the average value price per house - also there had to be at least 10 houses on each street
Last edited by pierretong1991; 08-11-2016 at 07:31 AM..
Personally, I never cared for the area. I much preferred further west. But for pricing, all you need to do is have a limited enough supply compared to how many people would want to purchase in any given area, to drive prices up. Supply and demand. If only 100 homes are available, but 1,000 people want in....then prices go up. If 10,000 homes are available, but 5,000 people want in....prices go down. That means fewer people could want in, but because of limited stock, prices actually go higher. That is NOT the ONLY consideration, but it plays a big part in areas with space to grow compared to areas with no more space to grow.
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