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Raleigh, Nc Real Estate Then and Now...
This site provides you the capabilities to find out where and what kind of new construction is going on in the Raleigh Real Estate industry. Raleigh, Nc Real Estate is always in good shape despite what the rest of the real estate market might be doing. The real estate property values have continued to climb in this niche market and will continue to do so for years to come. The triangle market continues to be a driving force in the Piedmont of North Carolina.
The Population has doubled in the past 10 years. The Raleigh Real Estate Market provides the opportunity to relax in a calm area just minutes away from everything you would need in the city life. There is new construction going around in Raleigh and the surrounding cities. New condos for young couples starting out, new townhomes for those looking to settle down, and new custom built homes for those who are ready to relax. Raleigh real estate in North Carolina is one of the fastest growing metropolitan areas in the United States. The real estate market in Raleigh is so diverse that it offers every type of real estate available. Anything from brand new condos, to Luxury Raleigh real estate can be purchased at a reasonable price.
Unemployment remains low and per capita income remains high. Wake-County's bigges industries which include Government, Healthcare, and Education are basically recession proof. With the Nation slowing down economically everybody has felt it even though Raleigh is still going strong as a whole. The city is still growing and building despite how the rest of the Nation's real estate market is doing.
Non-residential Building Activity as of 10/31/2006 for 2006
| |
# of Permits |
Square Feet |
Value |
| Office |
75 |
1,567,361 |
$108,501,958 |
| Industrial |
33 |
257,542 |
$12,045,399 |
| Institutional |
60 |
1,325,785 |
$161,794,863 |
| Commercial |
49 |
708,019 |
$45,838,668 |
| Other* |
77 |
12,572,095 |
$83,421,050 |
| Total |
294 |
16,430,802 |
$411,601,938 |
| *Other includes parking garages, out-buildings, cell towers, etc. |
Source: City of Raleigh Planning and Inspections Departments. Figures do not include alterations or fit-ups.
Residential Permits Issued 2004-10/31/2006
| |
2004/2005 |
2005/2006 |
2006(as of 10/31) |
| Single family |
2,946
|
2,618
|
2,061 |
| Townhouse |
1,558
|
1,714
|
1,230 |
| 2 Family |
92
|
43
|
441 |
| 3 & 4 Family |
3 |
8 |
24 |
| Condominium |
16
|
27 |
386 |
| Apartment |
36
|
57
|
1.948 |
| Total |
4,651
|
4,467
|
6,094 |
Source: City of Raleigh Planning and Inspections Departments.
To search the Raleigh real estate market in North Carolina start here. Each section of our website has been designed to help you find the Raleigh property your looking for. If you would like to recieve updates on the market check out our personal market update section. Our Raleigh real estate professionals can help you find the Raleigh -Cary property you've been looking for all your life. And if your getting ready to sell, then you will want a team of experienced Realtors that know how to market Raleigh Real Estate. Feel free to browse the site, or contact us anytime.
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