Boom!
I’ve said repeatedly that North Carolina is booming, and thought it would be interesting to compare the Raleigh and Phoenix real estate markets. A search for 3+bed/2+ bath homes revealed 2,770 such single family properties available in Raleigh with prices ranging from $40,475 (home built in 1930, 3bed/2ba, 1345 sq ft) to $23,000,000 (built in 2000, 8bed/13 Bath, 16,856 sq ft). To contrast, Phoenix has 8,277 single family homes ranging from $59,900 (1942, 3bed/2ba, 1000-1200 sq ft) to $7,900,000 (1985, 7bed/11ba, >5,000 sq ft).
The low end of the housing market is pretty much a given–they don’t call it fixed income for nothing. But look at the top end. Almost 3 times the price for fewer bed/bathrooms. Phenomenal! It’s a great time to be a realtor in North Carolina.
And also, am I the only one who thinks it’s amusing that super-rich people apparently poop more than they sleep?
Are you sure it’s the best time to be a real estate agent… anywhere? It has been great the last few years, but I bet there are a bunch of agents who would disagree with you!
Our business is diverisifed somewhat, so we are still staying busy but I know a number of other good, long time agents who are seeing some pretty slow times.