Triangle House Hunter Articles

Below you will find articles on housing market research, tips for home buyers and sellers, new technology, and local events!

 

May 16, 2018

Top 5 Neighborhoods Near Downtown Durham

Ranked as the top city for Millenials in 2017 by Growella, Durham is a popular place to call home. The area near downtown Durham is rapidly growing, with tons of new businesses opening each year. Living near downtown means there’s never a shortage of things to do! You can watch a Broadway show at the Durham Performing Arts Center, an independent film at the Carolina Theatre, live music at Motorco, and a baseball game at the Durham Bulls Athletic Park. Downtown is also home to award-winning restaurants, art galleries, unique shops, and more. 

While we love all the neighborhoods near downtown, we’ve narrowed down the choices to the top five! Read below to learn more about each neighborhood, and follow the links to explore homes for sale in these neighborhoods. 

1. Cleveland-Holloway: Convenience to Downtown 

Cleveland-Holloway is a beautiful neighborhood developed in the late nineteenth century, located east of downtown Durham. We may be a little biased, since we’ve called Cleveland-Holloway home for a few years, but the neighborhood’s proximity to downtown combined with the beautiful, diverse homes can’t be beaten.

Cleveland-Holloway is home to many different home styles, including beautiful, ornate Victorian homes built in the late 19th century, as well as bungalows built in the 1920s, duplexes built in the mid-20th century, and new homes built in the last few years. 

Homes in Cleveland-Holloway are priced in the $200,000s to $400,000s. Homesites are relatively small, around .1 to .3 acres with a few larger lots throughout the neighborhood. 

2. Trinity Park: Beautiful & Walkable 

Trinity Park, one of the oldest neighborhoods in Durham, is home to some of the most beautiful homes in the area. The neighborhood is bordered by the Brightleaf district of downtown Durham and Duke’s East Campus. Trinity Park is unique for its walkability - unlike many neighborhoods near downtown Durham, Trinity Park has sidewalks throughout the neighborhood. Many homes are well-maintained with beautiful landscaping. Trinity Park is also next to Duke’s East Campus, which is bordered by a 1.5 mile trail. 

Trinity Park features a variety of homes, from large, traditionally styled homes to smaller bungalows. Most lots are around .2 acres. Homes are priced from the $200,000s to over $1 million.  

3. Lakewood: Up & Coming 

Located south of downtown Durham, Lakewood is an awesome area that is quickly becoming a destination in its own right. In just the last few years, new restaurants, cafes, and more have opened in Lakewood, including:

  • Cocoa Cinnamon, a delicious coffee shop with freshly made churros
  • County Fare, a bar with a great outdoor space with different food trucks every day
  • The Lakewood, Phoebe Lawless’ latest restaurant, and Baby Scratch, the bakery next door with delicious pies, pastries, and bread
  • Durham Co-op Market, the area’s only co-op market
  • Grub, a fast casual spot with an awesome rooftop patio
  • Joe Van Gogh, another great local coffee shop
  • Pine State Flowers, a flower shop that exclusively sells locally grown flowers

Lakewood features a mix of homes, with older homes built in the 1920s-30s and new homes built in the last few years. Homes in Lakewood are priced from the $100,000s to $500,000s. 

4. Old West Durham: Hip with Character

Another one of Durham’s oldest neighborhoods, Old West Durham is located west of downtown, and borders Ninth Street, a popular area between Duke’s East and West Campuses with tons of restaurants, shopping, and more. Ninth Street is home to some of the best food options in Durham, including Zenfish, Monuts, Happy + Hale, Pie Hole, and Burger Bach. Durham’s only Whole Foods is located just off Ninth Street. 

Houses in Old West Durham are mostly smaller, with most sized around 1,200 square feet, on lots around .2 acres. The neighborhood is home to a few larger homes as well. Homes are priced from the $200,000s to $600,000s. 

5. Duke Park: Retreat in the City

Duke Park, located north of downtown, is a beautiful, peaceful neighborhood developed in the 1920s. As the neighborhood continued to develop through the 1950s, Duke Park is unique for its many modernist and contemporary homes built around that time. Duke Park is home to a beautiful 17 acre park with greenway access, playgrounds, and more. While Duke Park is not as walkable to restaurants and shops as the other neighborhoods on the list, the green space and unique homes more than make up for it! 

Homes in Duke Park are priced from the $200,000s to $600,000s. The older homes built in the 1920s and 30s are generally smaller, and situated on smaller lots around .2 acres. Homes built in the mid-twentieth century are usually situated on larger lots, around .5 acres, and many have basements. 

What's your favorite neighborhood near downtown Durham? Comment below to let us know! If you're interested in moving to one of these awesome neighborhoods, contact us today! 

May 11, 2018

Triangle Real Estate Market Update March 2018

Jan. 18, 2018

Buying and Selling Long Distance

Check out our two most recent guides we've put together. These will help you if you are coming from out of state to buy in the Triangle, or have to sell while away. The links are below and also in our Guides and FAQ section.

Out-of-State Buyer's Guide

Out-of-State Seller's Guide

Jan. 15, 2018

How Will Blockchain and Cryptocurrency affect Real Estate?

Although still in the early stages, blockchain and cryptocurrency have the potential in the coming years to change the way real estate is bought and sold.

The first potential change is if cryptocurrencies, such as bitcoin, become more prevalent and are eventually accepted as a form of currency to conduct transactions. Stories of real estate transactions in bitcoin have hit the press, but are rare. In one such instance a buyer made 1.3 million during the transaction process because bitcoin had appreciated roughly 25% during the time they were under contract! Though fun to read about, the volatility of cryptocurrencies will need to come down to become more popular in everyday transactions.

Besides buying property with bitcoin, new technologies such as smart contracts will be used in different ways to increase the security and reduce the hassle of real estate transactions. If you are not familiar with them, smart contracts are computer protocols that help to secure and enforce the performance of a contract.

For example, capabilities of smart contracts would allow for deposits to be automatically transferred at the time of contract signing. The broker would no longer have to pick up checks and deliver them, and the money would be verified instantaneously. This is because smart contracts live on the blockchain, which are secure by design. In the blockchain each block of data is built from a previous block, which creates a record of what has occurred.

Blockchain technology can also be used in a way similar to crowdfunding. People could join huge groups of online investor networks, and each person would have the power to vote on which real estate opportunity to buy or sell. Complete transparency of where the money and profits are going would all be possible.

Jan. 10, 2018

Triangle Real Estate Market Update January 2018

Also, here is the video from the Triangle MLS discussing the January 2018 real estate metrics:

 

Dec. 2, 2017

Triangle Real Estate Market Update December 2017

Though the December video is not out, please see below for the November TMLS video:

 

 

Nov. 15, 2017

Triangle Real Estate Market Update October 2017

Also, here is the video from the Triangle MLS discussing the metrics:

 

Sept. 19, 2017

Lustron Homes

 

After World War II, there was a shortage of homes in the United States for returning soldiers. The Reconstruction Finance Corporation, a federal agency founded to help stimulate the economy by providing financial support to state and local governments and loans  to businesses after the Great Depression, provided a loan to the Lustron Corporation in 1946 to manufacture prefabricated enameled steel houses. Manufactured in Ohio, the homes came eight different models, made up of over 3,000 parts which were shipped from Ohio directly to the lot and assembled. From 1948-50, less than 3,000 of these homes were constructed across the United States—then, the Lustron Corporation was repossessed by the Reconstruction Finance Corporation and declared bankruptcy.

 

Lustron homes were advertised as affordable, modern, low maintenance, efficient homes:Lustron Homes Advertisement

Source: http://www.oldhouseweb.com/imagesvr_ce//stories/bitmaps/12270/lestronad2.jpg

Today, approximately 1,500 Lustron homes are still standing, and in North Carolina, a few are still standing. Right now, there is one for sale in Durham at 1811 Glendale Avenue:

1811 Glendale Ave 

Source: TMLS

Contact us if you're interested in viewing this home or any other home in the Triangle!

Sept. 9, 2017

Triangle Real Estate Market Update September 2017

Sept. 8, 2017

Triangle Real Estate Market Update August 2017