A Great Time to Purchase in Powell Place
Powell Place is a great place to live in Chatham County. The homes and townhomes are both affordable and conveniently located 15-25 minutes from most locations in the Triangle. The tree lined streets and two parks located in the neighborhood, make this a wonderful place to call home.
Many changes have taken place in the real estate market within the last year, and Powell Place has not been left unnoticed. For instance properties have spent less days on the market, down to 8 days from 40 last July equivalent to a –80% change. The median sold price has also changed, up by 59%, while established inventory is down –71%.
These numbers don’t seem to favor you if you are in the market for a new home, but please do not panic. There is a resurgence of new builds taken place recently, accounting for an increase of 11% over last year. For those in the market, and don’t want the headaches of building your home, there are homes ready for you to move in. If this just won’t do and you want to create your own masterpiece lots are available. Whichever you choose, rest assured that you are buying into a great, pedestrian friendly neighborhood in Pittsboro, built by an award winning developer.
So as you can see, it is still a great time to purchase a home in lovely Powell Place!