Market Trends: 2/21/2012
Durham
Market Snapshot
Total Properties Listed:
2,053
Month-Over-Month Change: +3.9%
Average List Price:
$211,187
Month-Over-Month Change: +.67%
Median List Price:
$159,900
Month-Over-Month Change: +.57%
Typical Property
Single-Family Home
3.23 Bedrooms
2.35 Baths
$211,187 Average List Price
$100/SqFt Average Price per SqFt.
Average Price by Bedrooms:
1 Bedroom:
$112,472
2 Bedrooms:
$117,209
3 Bedrooms:
$169,790
4 Bedrooms:
$296,918
5 Bedrooms:
$505,389
Top 5 Most Viewed Properties
Durham, NC Real Estate:
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About Durham
Located halfway between the Great Smoky Mountains and the beaches of the Atlantic, Durham is a community that is home to over 300 restaurants, more than 40 annual festivals, Duke , the Durham Bulls Triple-A baseball, art and science museums, and world-class medical facilities just to name a few. With more than 5.2 million visitors annually, Durham is the top destination of arrivals at RDU International Airport.
It doesn't take long for visitors to the City to notice the changing face of Durham, but the current exciting transformation is just one of many transitions the City has gone through as it has shaped a vibrant history over the last 180 years to become the world-class City it is today.
Durham was nicknamed the "Bull City" in the late 1800s when the Blackwell Tobacco Company named its product "Bull" Durham Tobacco. By the time James B. Duke of the American Tobacco Company purchased the Blackwell Tobacco Company in 1898, Bull Durham was the most famous trademark in the world.
The "Bull City" prospered as a manufacturing hub for the tobacco industry and textiles for many decades, but has since transformed itself into a place where shopping thrives and high-tech industry flourishes with upscale housing in the same classic buildings where tobacco giants American Tobacco and Liggett-Meyers once made this City their industrial home.
With the birth of the Research Triangle Park (RTP) in the 1950s, Durham began to take on a new look that has evolved into a global center for information technology, biotechnology, pharmaceuticals, and medicine. The City of Durham is known as the "City of Medicine," with healthcare as a major industry including more than 300 medical and health-related companies and medical practices with a combined payroll exceeding $1.5 billion annually.
Newcomers to Durham will be impressed with the expansive Southpoint Mall shopping area and prestigious golf clubs. The city has a great mix of established communities and new home communities.Home buyers in search of Durham homes for sale will find a nice selection of real estate in Durham. If you are looking for the best Durham real estate search site, look no further than right here on the Fathom Raleigh website. If you’re interested in learning more about Durham or are considering relocating to the area, Fathom Realty has Durham area experts to help with your real estate needs.