Chapel Hill Real Estate — Lake Hogan Farms — 2008 Market Update

It’s time again for a year-end Chapel Hill Real Estate, neighborhood market update.  Lake Hogan Farms is a complex neighborhood with three distinct sections.  This year, I have decided to provide market data, specifically high, low and average figures, separately for the single family homes on “larger” lots, single family patio homes and the townhouses.   

  Average Stats Based on 16 Sales –

Single Family Homes “Larger Lots”

Beds

Baths

SqFt

LP ($)

SP ($)

SP/LP

DOM

High

4,728

959,000

935,000

97%

222

Low

2,804

465,000

455,000

94%

Average

3,567

648,521

633,250

97%

 
 Average Stats Based on 10 Sales – Single Family Patio Homes

Beds

Baths

SqFt

LP ($)

SP ($)

SP/LP

DOM

High

3,011

436,000

420,000

96%

128

Low

1,876

325,000

323,000

99%

Average

2,242

362,450

353,750

98%

 
Average Stats Based on 3 Sales – Townhouses

Beds

Baths

SqFt

LP ($)

SP ($)

SP/LP

DOM

High

3,322

375,000

375,000

100%

139

Low

2,001

310,000

300,000

96%

Average

2,669

341,633

333,666

97%

132


Are you considering selling your home?  Would you like to know what your homeis worth? Go to TriangleHomeValue.com and provide me with the requested information on your home.   I will get right back to you.

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Market Snapshot

If you want to monitor home values in the area, Team Jodi offers this service as well. Check out our Market Snapshot Feature.