Durham Luxury Real Estate

Our New Luxury Classification

Jay — Tue, 16 Feb 2010 02:56:37 +0000

Let’s start with some stats As promised in the last post, DurhamLuxRE will begin to look at a broader range of the luxury home market over a wider area in the Triangle. Specifically, we’re talking about any home listed and/or then sold for at least $450,000. Our old threshold was $700,000 and we still make the [...]

Shift in Direction

Jay — Mon, 25 Jan 2010 16:44:07 +0000

I was naive. Maybe too cocky. But definitely wrong. With this blog that began almost two years ago, I had hoped to contribute to a revival of the luxury home market in Durham. It didn’t work. The collapse of the overall real estate market didn’t help, of course, but the numbers are still pretty dismal. The [...]

2009 Durham Luxury Market

Jay — Thu, 31 Dec 2009 23:19:22 +0000

A typical year? A first pass looking at the Durham luxury home statistics for 2009 you might not guess that we’re in a recession. In the 4th quarter 3 homes closed in Durham for prices over $700,000, the somewhat arbitrary cut off point I use for analyzing the luxury home market in Durham. However, the total [...]

Third Quarter 2009 Market Report

Jay — Fri, 09 Oct 2009 15:56:51 +0000

So what are we to make of this? For several quarters in a row now Durham has maintained over 10% of the luxury market in the Triangle with 13 sales. Since I have been doing these updates, my rather arbitrary definition of the luxury market has been anything in the MLS system that is listed [...]

Oak Drive Mansion

Jay — Thu, 06 Aug 2009 01:08:45 +0000

So far in eighty some posts I have not really featured any of the luxury homes in Durham. But I’ve got a lot of reasons for featuring 11 Oak Drive. First of all I was the agent for the current owners, Steve and Kim Van Horn when they bought the home several years ago. Steve [...]

Durham Is…

Jay — Thu, 30 Jul 2009 19:43:17 +0000

As the chair of the PR committee for the Downtown Durham Rotary Club I often end up writing the report on the program for the weekly bulletin. Last Monday, Tom Bonfield, Durham’s new city manager and a member of the club presented the program. I’m re-publishing my write-up here because Mr. Bonfield made such a [...]

More on School Performance

Jay — Mon, 27 Jul 2009 14:08:21 +0000

The link below is to a story in the Baltimore Sun about the importance of schools in home buyers assessment of a community. Even folks without school age children often consider the schools as an indicator of the overall livability of a community. This also supports the larger point that many listing agents and sellers have [...]

More Good News for Durham Real Estate

Jay — Thu, 16 Jul 2009 15:42:30 +0000

There are two things I’m very proud of in terms of my involvement in the community over the years. The first was the small role I played in the late 80’s in downtown revitalization getting Downtown Durham, Inc. off the ground with a coherent marketing theme. During that same timeframe as the Marketing Director of [...]

Got Your Own Idea of A Luxury Home?

Jay — Sat, 04 Jul 2009 13:55:19 +0000

Sometimes you can’t have your dream by buying somebody else’s. If your dream is a small estate for your family and a few chosen horses here is a chance to build it yourself. This site of 10.76 acres is located at 10040 South Lowell Road in Northern Durham. Long time Durhamites know that there is an [...]

Second Quarter Luxury Home Report

Jay — Wed, 01 Jul 2009 02:26:39 +0000

More of the Same Pulling together these statistics on the Durham luxury home market is getting a little boring I’m afraid. Unlike our neighboring counties of Wake, Orange and Chatham, through the economic downturn Durham has not gotten worse…or better. You might see a glimmer of hope in the fact that for the last two quarters [...]