It’s taken a while but we finally have more than one home for sale for middle-income buyers in Chapel Hill.
This week’s two options are in the same condo complex near Bolin Creek, which Redin describes as at “extreme risk” of flooding. As I noted three weeks ago, much of Chapel Hill’s relatively affordable housing is located in flood-prone areas.
There are also more $1 million+ homes available this week, for a total of 11. The cheapest is a newly listed $1.09m home with over 3,400 square feet on eight-tenths of an acre. The most expensive home for sale remains a $6m single-family home on 1.5 acres. The latter home is located in a neighborhood where multiple neighbors recently hired an attorney to oppose the town’s proposed housing choices proposal, which would enable multiple modest-sized homes to be built on parcels of land where today only one home can be built.
|Week of:||Homes for sale
|Homes for sale
≥ $1 million
|January 23, 2023||There is 1 condo for sale for $149,900.||There are 9 homes available ranging in price from $1,000,000 to $6,000,000. All 9 are single-family homes.|
|February 7, 2023||There is 1 condo for sale for $150,000.||There are 7 homes available ranging in price from $1,450,000 to $6,000,000. All 7 are single-family homes.|
|February 21, 2023||There is one condo for sale for $245,000.||There are 8 homes available ranging in price from $1,150,000 to $6,000,000. Seven of the eight homes for sale are single-family homes.|
|March 13, 2023||There are two condos for sale, one for $239k and one for $235k.||There are 11 homes for sale ranging from $1,085,000 to $6,000,000. All 11 are single-family homes.|