Log in to WRAL.com with one click using your favorite social network:
OR
Log in using your WRAL.com account:



Wrong email/password combination.

Forgot password?

Register with WRAL.com using your favorite social network:
OR
Register for a WRAL.com account using our web form.

Login Options

12:02 p.m. • 2-12-12

Weather Forecast for Raleigh

  • Today: Clear.
    • Hi: 41° F
  • Mon: Partly Cloudy.
    • Hi: 50° F
  • Tue: Rain.
    • Hi: 53° F

Other Locations

> 7 Day Forecast

Doppler Image

Marketplace Links

Social Links

Main Menu

Triangle's Real Estate Market Shows Signs Of Gaining Momentum


e-mail print friendly
real estate - home for sale

Some experts claim the

Triangle's real estate market

is now on the upturn.

Diane Parker is loading up and moving out of her north Raleigh home.

"If I wasn't moving out of town, I would not leave here," seller Diane Parker said.

Since duty calls elsewhere, Parker put her house on the market on Feb. 25.

"I thought it would take three, four, maybe six months to sell, so I was just nevertheless shocked when it was sold in one week," Parker said.

February was not just good for Parker, but for a lot of home sellers in the Triangle. According to the Triangle Multiple Listing Service, about 1,600 homes were sold last month, which is a 19 percent increase over February 2003 when more than 1,300 homes were sold.

"I feel that people sense safety in our country, interest rates being low, stock market continuously going up," real estate agent Ida Terbet said.

Cary appraiser Stacey Anfindsen said the areas of growth are changing.

"When I moved here in 1982, I guess all the growth from 1985 until 1985 was in Cary and Apex," he said.

Anfindsen said now the area of growth is outside the Beltline in Raleigh due to the creation of I-540. The roadway brought more shopping like Triangle Town Center Mall and Super Target near Capital Boulevard.

In fact, officials said the three areas with the most home sales in February -- Clayton's 27250, Wake Forest's 27587 and Raleigh's 27616 zip codes, are close to new shopping.

"If this is an indication of how the month is going to be, it will be a phenomenal year," Terbet said.

Agents said more real estate on the market is another reason for more sales, which led to more competition and lower prices.

  • Reporter:
  • Photographer: Nathan Monroe
  • Web Editor: Kamal Wallace

RELATED TOPICS: North Raleigh, Raleigh, Cary, Apex

e-mail print friendly

0 Comments


WRAL.com welcomes your comments on this story. All comments are moderated prior to publication based on our posting guidelines. Please review them prior to posting and if your message is not approved.

View Comments 0 COMMENTS

This story is closed for comments. Comments on WRAL.com news stories are accepted and moderated between the hours of 8 a.m. and 8 p.m. Monday through Friday.

View Comments 0 COMMENTS
Report It

Multimedia

Click Here