Linda Craft & Team’s Luxury Home Highlight: The Barony

landscaped gated entrance to The Barony neighborhood

The Barony, a private gated community in North Raleigh, is an ideal location for those seeking luxury homes and secluded living, while remaining close to the heart of city life convenience.

The Beauty of The Barony

leaves in a lakeThe Barony is an 80-acre luxury subdivision broken into 21 custom home sites. Located within The Barony is a 12-acre lake, allowing for waterfront properties hard to find in the Greater Raleigh area.

Surrounding the subdivision lays 20 acres of forest, giving residents a natural barrier from the noise and commotion of urban life.

Simply stated, The Barony has achieved perfection.

Custom Craftsmanship

Each luxurious home in The Barony is custom built, accentuating the natural beauty of each home site, ranging from 1 to 4 acres and priced at 1 to 4 million dollars. The interior lake was designed by a core of superior engineers and all land is protected to prevent overpopulation and pollution.

Secluded, Yet Convenient Living

trees in a forestAlthough residents experience the serenity and exclusion from the surrounding city, they still have the luxury of big city amenities close to their homes. Located just a few miles from 540, residents have shopping centers, upscale restaurants, premier golf courses, nightspots, and more within easy traveling distance.

Residents with children have a great selection of quality schools nearby for all ages as well as the top local universities Raleigh is known for.

Outdoor aficionados and water lovers can also enjoy Falls Lake, equipped with a beautiful marina for boating and endless hours of swimming in the summer.

Linda Craft & Team, Realtors

Locating the perfect luxury property, like those found in The Barony, should be a fun and exciting time. At Linda Craft & Team, Realtors, we work around the clock to ensure your needs are met and your expectations are exceeded.

For over 30 years, we have diligently honed our techniques, offering a unique home-buying experience. Our dedication has led us to become the #1 team in the Triangle and we know if you are ready to purchase a luxury home, you deserve nothing but the best.

Schedule an appointment with us today at 919-235-0007 or visit our website for a complete list of our services and more!

2015 Triangle Real Estate News

What’s New in the Triangle Real Estate Market

Home ownership is the American Dream! A home provides shelter, safety, and an investment that forces savings and increases in value over time – allowing you to build personal wealth. Knowing how important a good real estate investment can be to your future, let’s take a look at how the 2014 Triangle real estate market performed and the outlook is for 2015.

Trends and hot topics will be discussed, and we will answer frequently asked questions.

Included in the topic lineup:

  • Available housing
  • Luxury market
  • Distressed properties (short sales and foreclosures)
  • Interest rates
  • Home values

Raleigh real estate marketHousing Supply in the Greater Raleigh Area

The inventory of homes for sale is low in most segments of Wake, Chatham and Durham Counties. If you are considering selling a home in the greater Raleigh area, now is the time to list and sell for top dollar while there is less competition.

Traditionally, sellers wait until spring to list properties, which means they will have more competition and their odds of selling for top dollar is reduced. Home prices rise as inventory shrinks, and it is currently down 20%. If you are buying a home, this shrinking inventory means you have less to choose from and could find yourself in competition with other buyers for a home.

When more homes enter the market in the spring, a small window of more choices is created for the buyer, but more competition among sellers. Bottom line…if you are selling a home, list it now. If you want to buy a home, prepare to act fast. When you see a home you really like, don’t wait, or another buyer may beat you to it. If the right home is not out there right now, wait until spring, and you may have more choices for 30 to 60 days.

The Triangle Luxury Market

The luxury market experienced a 24% increase in homes sold in 2014, according the Triangle Multiple Listing Service. The luxury market in the Triangle (Raleigh, Durham, and Chapel Hill) is $750,000 and up.

  • 368 luxury homes were sold in the Triangle in 2013.
  • The highest sale price for 2013 was a house in Wakefield, which sold for $2,875,000.
  • In 2014, the Triangle Multiple Listing Service reported 470 luxury homes were sold.
  • The highest sale price in 2014 was $4,800,000, for a home located in Chapel Hill.

One of the reasons for the increase in luxury homes sold, is because it is currently much easier to qualify for jumbo mortgages. Jumbo loan amounts start at $417,000. We expect even higher sales numbers for luxury homes in 2015, as confidence in the real estate market continues to grow and lending is made easier.

Distressed Properties in the Triangle

Distressed properties, which are short sales and foreclosures, made up 15% of our inventory of homes for sale at one time. Now that home values have gone up, many people are once again finding themselves in a much better equity position. Distressed properties make up approximately 6% of our total current market.

However, even with great improvements, we expect it will be another 4 years before this segment normalizes. Many people are stuck in mortgages with high interest rates, or mortgage balances higher than they can sell for due to 100% financing, equity lines of credit, or loan modifications. If you are one of these homeowners drowning in debt, give us a call. Our staff is certified and experienced at finding dignified solutions for homeowners. You have options. Let us help you find the right one.

Interest Rates at an All-Time Low

Interest Rates remain at a historical low, and my expert lenders believe they will even drop slightly lower before they start rising again in the fall. Interest rates have been so low for so long that it is hard to wrap your mind around interest rates in the double digits. When I began my career in 1985, mortgage interest rates were at 16%. In fact, the national average for mortgage rates is approximately 10%.

These low interest rates are allowing home buyers to afford more housing than in years past. With money so readily available, now is the ideal time to buy a new home. Interest rates are low, and home prices are going up – a combination perfect for building future wealth if you buy now.

Wake County Home Values

In the Wake County area, home values went up in 2014. Most home owners realized a gain of approximately 4%. If you want to receive a value specific to your home and geographical area, contact Linda Craft & Team, Realtors for a free analysis, or sign up for our super cool online tool. This free online service will provide both a market value for your home, and a market trend report showing your homes future potential.

Considering Buying or Selling a Raleigh Home?

Contact Raleigh real estate experts, Linda Craft & Team, to set up a free consultation with a buyers specialist who can help you navigate the exciting Raleigh market. Call 919.235.0007 today!

 

Madison Park

Madison Park is located minutes from Downtown Raleigh, and if you are wishing for a Southern Style Estate look no farther! With exquisite double gallery porches, gorgeous landscaping, and tree lined street you will feel like you are living in another time in Madison Park. With extreme attention to detail these homes are sure to last for many generations to come. A perfect taste of Southern Hospitality in the City of Raleigh!

Ready for Your Personal Tour of Madison Park?

If so, please contact Linda Craft & Team at www.LindaCraft.com or call us at 919.235.0007 to schedule your personal tour today!

See all Homes For Sale in Madison Park

Click here to see all homes for sale!

MacGregor Downs

Gorgeous lake and golf course views are amazing in this luxury neighborhood located in Cary NC.  Custom floor plans with a perfect mix of luxury and breathtaking views. Lots are large and very private. Homes in this neighborhood range from the low $800s to $1.1 million. Cary is located close to Research Triangle Park, Downtown Raleigh, and RDU airport.

Ready for Your Personal Tour of MacGregor Downs?

If so, please contact Linda Craft & Team at www.LindaCraft.com or call us at 919.235.0007 to schedule your personal tour today!

See all Homes For Sale in MacGregor Downs

Click here to see all homes for sale!

Highland Forest

Want the option to build a beautiful custom home? Highland Forest in North Raleigh is the perfect location to buy or build amazing custom homes in a gorgeous private wooded neighborhood. With only thirteen lots and lots from one to three acres, the neighborhood is private and quiet. A lovely landscape of hills and amazing scenic views, Highland Forest is a perfect escape from the everyday hustle and bustle.

Highland Forest community search

Ready for Your Personal Tour of Highland Forest

If so, contact Linda Craft & Team at www.LindaCraft.com or call 919.235.0007 to schedule your personal tour today!

See all Homes For Sale in Highland Forest

Click here to see all the current homes for sale!

Highcroft Village

Highcroft Village is a development in the heart of the Raleigh-Durham-Chapel Hill area. Located just west of North Carolina Highway 55 in the West Cary area, Highcroft Village is three miles south of Research Triangle Park, 12 miles from Raleigh Durham International Airport, 18 miles from the University of North Carolina at Chapel Hill, and North Carolina State University and 22 miles from Duke University.

About the homes:

The development features the work of the area’s custom builders to create a diverse collection of homes from 2500 to 5000 square feet. Neighborhood Amenities: Highcroft Village is centrally located in a great area for parks. A 16 acre, Town of Cary park, Sears Farm Road Park, is directly adjacent to the neighborhood. The USA National Training Center at Thomas Brooks Park is an easy walk, featuring many regional and national-level baseball activities.

Highcroft Village features a recreational center with a junior Olympic pool, lots of fun features, a bathhouse, pavilions and a toddlers’ playground on-site.

About the Developer:

Impact Properties Group has developed a number of neighboring communities including Highcroft, Cameron Pond, Weycroft, Southlakes Greythorne and Madison Place at Carpenter Village.

Shopping:

Highcroft is located near several shopping centers, and within 15 miles drive of Cary Town Centre, the Streets at Southpoint in Durham and Crabtree Valley Mall in Raleigh.

Ready for Your Personal Tour of Highcroft Village?

If so, contact Linda Craft & Team at www.LindaCraft.com or call 919.235.0007 to schedule your personal tour today!

See all Homes For Sale Highcroft Village

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Coley Forest

Situated inside the beltline between Glenwood and Glen Eden neighborhoods, Coley Forest is minutes from everything! With gorgeous tall oaks and pines, Coley Forest has been established since the 1950s. There is an amazing mix of newly designed homes and large renovated ones. Coley Forest has a southern feel and location makes it a premiere home location!

Ready for Your Personal Tour of Coley Forest?

If so, contact Raleigh Real Estate experts Linda Craft & Team at www.LindaCraft.com or call 919.235.0007 to take a personal tour today!

See all See all Coley Forest Homes For Sale

Click here to view all the homes for sale!

Chatsworth

Chatsworth is in Northern Wake County, 15 miles from North Carolina State University and Raleigh Durham International Airport, 28 miles from the main campus of the University of North Carolina, Chapel Hill, and 24 miles from Duke University. The community features homes on lots of an acre and larger. Chatsworth was developed by Creedmoor Partners, who have developed a number of prestigious subdivisions around the Raleigh-Durham-Chapel Hill area such as Crossmoor, Devon and Hasentree.

Amenities:

Swimming, Boating, Fishing, Golf

Chatsworth has a community pool and basketball area for use by neighborhood residents. There are 35 acres of protected natural areas as part of the Chatsworth’s community. The community is also minutes away from Falls Lake and access to boating and fishing areas on the lake. Golfers will find dozens of golf courses and clubs within easy driving distance from Chatsworth as well.

Shopping:

Chatsworth is just minutes from I-540, with quick and convenient access to North Raleigh shopping areas like North Hills, and shopping malls such as Triangle Town Center and Crabtree Valley Mall, in addition to shopping and nightlife in downtown Raleigh.

Ready for Your Personal Tour of Chatsworth?

If so, contact Raleigh Real Estate experts Linda Craft & Team at www.LindaCraft.com or call 919.235.0007 to take a personal tour today!

See all See all Chatsworth Homes For Sale

Click here to view all the homes for sale!

Chase Court

Chase Court is in a convenient location of Lake Boone, you are minutes from virtually everything in the Triangle. The neighborhood consists of beautiful luxury homes. The homes are situated on beautifully landscaped large arced private lots and most homes are considering large homes with 4+ bedrooms. You will feel like you are in the Deep South viewing country estates when driving down Chase Court. A perfect neighborhood to raise a family and enjoy all the charms of Raleigh!

Ready for Your Personal Tour of Chase Court?

If so, contact Raleigh Real Estate experts Linda Craft & Team at  www.LindaCraft.com or call 919.235.0007 to take a personal tour today!

See all See all Chase Court Homes For Sale

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Carlyle

Located in North Raleigh, the subdivision of Carlyle offers huge homes on large wooded lots with many cul-de-sacs. Very modern with tons of community amenities including a swimming pool and tennis courts. The HOA in this neighborhood is amazing taking care of water and septic tank cleaning, playgrounds, and common facilities. You will truly find a since of community in this amazing subdivision. Take the Six Forks Road on I540. Take a left towards Possum Track Road and then a left on Bayleaf Church Road.

Ready for Your Personal Tour of Carlyle?

If so, contact Raleigh Real Estate experts Linda Craft & Team at  www.LindaCraft.com or call 919.235.0007 to take a personal tour today!

See all See all Carlyle Homes For Sale

Click here to view all the homes for sale!