Thursday, September 27, 2007
APPRECIATION
Subdivision
Avg Years
Avg PPY
# Sales
City
Avg SP
Woodcroft
2.44
5.10%
37
Durham
$175,264
Hope Valley Farms
2.23
3.73%
35
Durham
$193,407
Woodlake
2.39
4.66%
12
Durham
$211,442
Audubon Park
2.35
3.29%
11
Durham
$206,182
Chancellors Ridge
2.21
6.00%
11
Durham
$253,480
Hope Valley
2.27
6.02%
11
Durham
$354,627
Five Oaks
2.32
3.94%
6
Durham
$147,533
Garrett Farms
1.56
3.76%
6
Durham
$329,833
Prescott Place
2.78
4.70%
6
Durham
332,250
The table above presents information regarding appreciation rates by subdivision.
The data was obtained by comparing re-sales of the same property within TMLS.
The subdivision location is followed by the average years of ownership, the
aerage percent per year gain, the number of sales in the database, the city
location and the average re-sale sales price. The rates were obtained from
re-sales during the past 18 months.
Source: T.A.R.R Report: Durham County: 2007 First Quarter Summary