
Raleigh real estate is becoming a hot commodity as more and more people are attracted to the North Carolina capital. No longer the sleepy southern capital that it once was, Raleigh is now one of the fastest growing cities in the country. Although it has experienced explosive growth in the last few decades, it has still been able to maintain an amazing charm and as many national publications have confirmed, Raleigh is one of the best places to live, work and play.
You can find all kinds of Raleigh real estate on our website with tons of photos, maps, descriptions and more. Don't forget to refine your Raleigh real estate search by selecting a property type and price range. You can also use our advanced home search to filter and enhance your search for Raleigh real estate for sale.
Raleigh real estate is becoming a hot commodity as more and more people are attracted to the North Carolina capital. No longer the sleepy southern capital that it once was, Raleigh is now one of the fastest growing cities in the country. Although it has experienced explosive growth in the last few decades, it has still been able to maintain an amazing charm and as many national publications have confirmed, Raleigh is one of the best places to live, work and play.
You can find all kinds of Raleigh real estate on our website with tons of photos, maps, descriptions and more. Don't forget to refine your Raleigh real estate search by selecting a property type and price range. You can also use our advanced home search to filter and enhance your search for Raleigh real estate for sale.
Although the Raleigh real estate market has softened during the recent recession, falling from a high of over 10,000 homes sold in 2005 to just over 6,000 homes sold in 2009, it appears to have reached a bottom. Not only have the number of homes sold dropped in the Raleigh real estate market, but so has the average sale price. At it's high in 2007, the average sale price was $251,257, dropping to $234,306 in 2009. The drop in the average sale price is partially due to the large drop in the demand for luxury homes in the Raleigh real estate market. The Raleigh real estate luxury market peaked in 2007 (the same time the average sale price peaked). With nearly half the number of luxury homes sold in 2009 compared to 2007, the drop, in part, contributed to the declining sale price in Raleigh real estate. However, the number of sold homes in Raleigh in 2010 is on track to be very close to 2009 and the average sale price is on track to exceed 2009 numbers.
Other than the people who prefer to sport a parka year round and trudge through the white stuff, it's hard not to love the climate that Raleigh and Central North Carolina has to offer. With mountains in the west, and the ocean to the East, Raleigh real estate is perfectly positioned for a diverse range in climate. Raleigh real estate offers a taste of every season, yet with a much more moderate feel.
Raleigh is part of the Wake County School System (WCSS), which means that a benefit of being a proud owner of Raleigh real estate, is your pick of schools around you. WCSS is the 18th largest public school system in the country. WCSS has won accolades like top school system in the country for certified teachers and has received a "Gold Rating" from Expansion Management.
A great aspect of Raleigh real estate is that that Raleigh high school graduates don't have to look far when they're searching for a college. Raleigh is home to a number of world class colleges and universities:
Raleigh, is home to the National Hockey League's Carolina Hurricanes that play at the RBC Center and is the only professional team to call Raleigh home.
North Carolina State University is well known for their basketball and football teams. Rivalries run strong between area college teams but are particularly strong between UNC Chapel Hill, Duke (Durham) and NC State.
Another luxury of Raleigh real estate is the highway system. I-40 is the only major interstate highway to run through Raleigh. However, I-40 has two spur routes, I-440 that makes up the beltline around Downtown Raleigh and I-540, a partially completed loop connecting the towns of Wake Forest, Knightdale, Garner, Apex, Cary, Morrisville, Rolesville and Fuquay-Varina, meaning easy travel to the nearby cities and towns. However, with I-85 and I-95 nearby, it's easy for Raleigh residents to traverse the East Coast, heading north or south. Owners of Raleigh Real Estate also have the luxury of only being a few hours drive to the Atlantic beaches to the east or the North Carolina mountains to the west.
Raleigh Durham International Airport (RDU) services 45 domestic and international locations and is located in the northwestern part of Wake County.
The Wake County economy is greatly influenced by the Research Triangle Park (RTP), the country's largest industrial research and development park. RTP is a center for U.S. high tech and bio-tech research. There are over 150 companies located in RTP, with some of the largest being IBM, GlaxoSmithKline and Cisco.
Raleigh has received a number of accolades and been highly ranked nationally as a best place to find a job and operate a business. Due to these accolades, Raleigh real estate is the perfect place for professionals in the technology and bio-tech industries, and Raleigh real estate property values continue to grow.
There are a number of malls, shopping centers and retail areas scattered throughout Wake County. You can visit one of the major department stores of Triangle Town Center, Crabtree Valley Mall and the Cary Towne Center or enjoy the smaller shops and boutiques in Cameron Village and North Hills.
With the amazing amount of colleges, and the heart of the growing bio-tech industry in the Research Triangle Park, this means that owners of Raleigh real estate have access to superior health care and specialists such as WakeMed, Duke Hospital, and Rex Health Care.
There are 3 state parks located in Wake County: Falls Lake, William B. Umstead and Jordan Lake. Throughout the county there are 152 city parks. One popular park/trail is the American Tobacco Trail, a 22 mile project with 15 miles located in Wake County for walking, cycling and, in parts, horseback riding.
There are a number of museums located in Wake County, with several state museums including the NC Museum of Art, NC Museum of Natural Science and the NC Museum of History.
There are several performing arts venues including the Walnut Creek Amphitheatre and the Raleigh Memorial Auditorium at the Progress Energy Center for Performing Arts. Wake County is also home to several professional art organizations including the NC Symphony, Opera Company of NC, NC Theatre and the Carolina Ballet.
Because Raleigh is the political capital of North Carolina, it means that owners of Raleigh real estate benefit from the cultural acts and aspects that are attracted to the capital.
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