Durham Luxury Real Estate

Full Frame Documentary Film Festival

Jay — Sun, 20 Jun 2010 22:45:41 +0000

New Director Speaks at Durham Rotary Club Meeting. There’s some irony that while a locally produced documentary about Durham gang life got some national attention and was dragging down the city’s image, Durham’s own Full Frame Documentary Film Festival was becoming one of the top film festivals in the world and the premier documentary film [...]

Top Ten Durham Websites

Jay — Wed, 09 Jun 2010 17:05:35 +0000

My Picks for the Ten Best Websites to Learn about Durham If you believe that the three most important things in real estate are location, location, location, it probably seems a little bit of a paradox that the descriptions most real estate agents write about their listings barely mention it. Part of this is just [...]

Here’s one to look forward to

Jay — Wed, 28 Apr 2010 18:12:42 +0000

More foodie attention from the New York Times. Last Sunday’s New York Times Magazine gave more credibility to the area and Durham as a great place for foodies. The spread tells the story of Coon Rock Farm near Hillsborough and the efforts of partners Richard Holcomb, Jamie DeMent and chef Marco Shaw to create a [...]

Hope Valley Home Tour

Jay — Tue, 27 Apr 2010 20:35:34 +0000

Durham Preservation Society Sponsors Hope Valley Home Tour I have read with interest pieces in the Herald-Sun about some of the homes on the Preservation Durham’s annual historic home tour which is in Hope Valley this year. I mentioned this to Don Stanger, a Hope Valley resident and fellow Rotarian. It turns out Don had [...]

1st Quarter Luxury Home Market in Durham

Jay — Mon, 12 Apr 2010 19:16:13 +0000

It Was a Cold Winter. Don’t know whether to blame it on the weather but the first quarter of 2010 was something of an outlier in a long string of weak but consistent quarterly reports. For several years Durham County has averaged around 35 homes sold annually that were originally priced at $700K or more. [...]

The Brownstones in Durham

Jay — Mon, 12 Apr 2010 15:27:04 +0000

High end townhomes slated for luxury market in Downtown Durham Last week the announcement came from Lou Goetz of Park City Developments with new pricing beginning at $675,000 for the proposed Brownstone townhouses between Brightleaf Square and Duke’s East Campus. The plan calls for thirteen residences clustered on property that was once part of the [...]

Real Estate Marketing on the Left Coast

Jay — Wed, 31 Mar 2010 02:21:15 +0000

Be impressed. A lot of trends start on the west coast and eventually find there way to the good Old North State, but you have to wonder about this one. Why? We’ll discuss that in a moment but first take a couple of minutes to view this video in full screen and then go to [...]

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 [...]

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. [...]

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 [...]