Home sales are slowing in North Carolina’s Triangle region, but prices remain high. A property in Durham’s Hope Valley suburb sold for $2,555,000, or $575 per square foot, while a house in Raleigh sold for $1,650,000, or $470 per square foot. Meanwhile, a new-build house also in Raleigh sold for $1,850,000.
Triangle Real Estate Market Experiences High Prices Amid Slow Sales
New home sales in the Triangle region are slowing, yet prices continue to remain high. One property in Durham’s historic Hope Valley suburb, found on the 3100 block of Cornwall Road, sold for an impressive $2,555,000, translating to $575 per square foot, on October 3, 2023.
The single-story home, originally built in 1984, spans 4,443 square feet. It boasts three bedrooms, five bathrooms, and a two-car garage.
High-Value Sales in Raleigh
In Raleigh, a single-story house on the 3300 block of Alleghany Drive fetched $1,650,000, or about $470 per square foot, on September 15. Originally built in 1957, this 3,510-square-foot property features a backyard with a pool.
Adding to Raleigh’s high-value sales, a newly built two-story house on the 7600 block of Harps Mill Road also sold on September 15, with a price tag of $1,850,000.
Real Estate Transactions Snapshot
Here’s a quick peek at some of the transactions uncovered this week by our real estate artificial intelligence tool.