Discover Your Dream Cottage in Chatham Park: 54 Cottage Way, Pittsboro, NC
Cottages at Chatham Park - A "Hot Chocolate" Cottage for Sale Are you searching for the perfect cozy home that combines craftsman charm with modern amenities? Look no further than 54 Cottage Way, located in the heart of Chatham Park. This beautiful 2-bed, 2-bath cottage, affectionately named "The Hot Chocolate," is a dream come true for those seeking comfort, style, and a convenient location. With a listing price of $299,000, this home offers an incredible opportunity to live in one of the most desirable areas in Pittsboro, North Carolina. Cottages at Chatham Park. As you step into this stunning cottage, you will immediately be captivated by the inviting atmosphere. The kitchen, the heart of the home, exudes elegance with its large island adorned with granite countertops. The sleek stainless steel appliances add a touch of modernity, while the quaint barn door pantry provides both functionality and charm. Not to mention the custom-built table area, perfect for saving space while adding character to your dining experience. Craftsmanship and attention to detail are evident throughout the home. Engineered hardwoods grace the living areas, creating a warm and inviting ambiance. Plush carpeting in the bedrooms ensures your barefoot pleasure, while the elegant tiled bathrooms offer a touch of luxury. The thoughtful floor plan ensures privacy, with the bedrooms situated at opposite ends of the home. Efficiency is a top priority in this cottage. A sealed crawlspace, a tankless water heater, and fiber internet are just a few of the features that make this home both practical and cost-effective. You can enjoy a comfortable and connected lifestyle while keeping utility costs low. Venturing outside, you'll find a welcoming front porch where you can relax and enjoy the peaceful surroundings. Additionally, the community pavilion, just a short stroll away, offers a wood-burning fireplace, bench swings, and BBQ grills. This space is perfect for social evenings with friends and neighbors, creating lasting memories. For those who love outdoor activities, Knight Farm Community Park is within walking distance. This Pittsboro town park offers a dog park, a splash pad, and more, ensuring endless entertainment for the whole family. If you prefer a more leisurely afternoon, the Paddles Swim and Pickleball Club awaits your enjoyment. If you've been dreaming of the perfect cottage in a vibrant community, 54 Cottage Way is the answer to your prayers. Combining craftsmanship, modern amenities, and a convenient location, this home offers the best of both worlds. Don't miss out on the opportunity to make this dream cottage your own. Schedule a visit today and prepare to fall in love with Chatham Park's charm and character.
Pittsboro NC Real Estate Market Report Mid-Month November 2023
Navigating the dynamic landscape of real estate can be an exhilarating yet intricate journey. In Pittsboro, NC, where the charm of small-town living meets the sophistication of modern properties, understanding the market's pulse is crucial for both buyers and sellers. In this comprehensive analysis, we delve into the heart of our local real estate market, examining key metrics from November 2022 to October 2023. From active and pending listings to the nuanced shifts in median list prices and sales ratios, our data-driven approach provides valuable insights into the trends shaping our community's housing market. Whether you're contemplating selling your home or in the market for a new one, this article offers an in-depth look at the current market conditions, including the median sale price per square foot and the fluctuating dynamics of properties sold and listed in our area. Current Market Condition 247 Active Listings 117 Pending Listings $590,940 Median List Price View Properties for Sale Find Out Your Home Value The median sale/list price for the given data varies between $448,990.5 and $655,280.0. The median price for the first data set increases from November 2022 to March 2023 and then decreases gradually in the following months, whereas the median price for the second data set keeps fluctuating but remains relatively stable overall. Median Sale/List Price List Price Sale Price The median sale price per square foot of real estate is expected to increase steadily from November 2022 to October 2023, with the highest spike occurring in June 2023 at $253.256 per square foot. The lowest recorded median sale price per square foot is in August 2023, at $223.015. Median Sale Price per Square Foot The median sale price to list price ratio varies throughout the year, with some months having a ratio of 1.0, indicating that the median sale price was equal to the list price, while other months had slightly lower ratios. However, overall, the ratio seems to be stable over the course of the year, with no significant fluctuations. Median Sale Price to List Price Ratio The data shows the number of properties sold and listed each month from November 2022 to October 2023. The number of properties sold increased steadily from 36 in November 2022 to 80 in June 2023, before declining slightly to 53 in October 2023. The number of properties listed peaked in May 2023 at 74 and ranged from 30 to 74 throughout the year. Properties Sold/Listed Properties Listed Properties Sold The median days on market for homes in November 2022 was 75.5, but it increased to 174.0 in February 2023, and then decreased to 54.0 in October 2023. Additionally, June 2023 had the lowest median days on market at 44.0. Median Days on Market Our journey through Pittsboro's real estate market from November 2022 to October 2023 reveals a vibrant and ever-evolving landscape. Key trends, such as the increase in median sale price per square foot and the changing dynamics of properties sold, highlight the market's resilience. This analysis equips both buyers and sellers with valuable insights, aiding them in making informed decisions in our dynamic housing market. Understanding these patterns is essential for navigating the real estate world with confidence and strategy.
The Latest in Chatham Park Real Estate: A 30-Day Snapshot
The Latest in Chatham Park Real Estate: A 30-Day Snapshot If you're considering a move to Chatham Park, this is the blog for you. We're focusing on the most recent 30-day market activity in this vibrant community. So, let's get started! Chatham Park Real Estate by the Numbers: Last 30 Days Townhomes:Listings: 28 (Active: 10, Pending: 17, Closed: 1)Average List Price: $410,899Median List Price: $401,907Average Sold Price: $399,000 (Based on 1 sale) Single-Family Detached Homes:Listings: 57 (Active: 40, Pending: 11, Closed: 5, Contingent: 1)Average List Price: $677,323Median List Price: $603,000Average Sold Price: $545,331 (Based on 5 sales) Builder Spotlight in Chatham Park Townhome Builders in Chatham Park Garman Homes LLC:Price Range: $460,320 - $471,800Living Area: 1,989 - 2,084 sq ft TriPointe Homes:Price Range: $376,990 - $443,601Living Area: 1,659 - 1,868 sq ft Single-Family Home Builders in Chatham Park Homes By Dickerson:Price Range: $525,000 - $828,100Living Area: 1,909 - 3,205 sq ft UPRIGHT BUILDERS INC:Price Range: $975,000 - $1,148,365Living Area: 3,408 - 4,155 sq ft Garman Homes:Price Range: $408,595 - $587,500Living Area: 1,516 - 2,460 sq ft Learn More About Chatham Park If this data sparks your interest, we're just a call or text away at 919-724-7010. You can also explore further by visiting our Chatham Park listings page for the latest homes on the market.
A Close Look at Chatham County's Residential Real Estate Market: June to August 2023
Chatham County NC Residential Real Estate Market Analysis: Summer 2023 Insights The real estate market in Chatham County NC, has seen some interesting trends and changes during the summer months of 2023. This analysis provides insights into the market behavior, comparing the current data with the same period last year and identifying key patterns that may impact buyers and sellers in the coming months. Chatham County Homes For Sale. Average and Median Sales Prices in Chatham County NC The average and median sales prices provide valuable insights into the overall market conditions. Here's a summary of the key findings: June 2023: Average Price: $531,000, Median Price: $465,000 July 2023: Average Price: $534,000, Median Price: $475,000 August 2023: Average Price: $530,000, Median Price: $460,000 Comparatively, the figures for the same period in 2022 were: June 2022: Average Price: $505,000, Median Price: $450,000 July 2022: Average Price: $510,000, Median Price: $455,000 August 2022: Average Price: $515,000, Median Price: $460,000 The following chart illustrates these trends: The prices have generally increased in 2023 compared to 2022, with a slight dip in August 2023. The market appears to be stabilizing, but the upward trend in prices may continue as demand remains strong. Average Days on Market in Chatham County The average days on market (DOM) in Chatham County NC is a crucial indicator of how quickly homes are selling. Here's the DOM data for 2023: June: 20 days July: 18 days August: 17 days And the comparison with 2022: June 2022: 22 days July 2022: 20 days August 2022: 18 days The following bar chart highlights these figures: Homes are selling slightly faster in 2023 compared to 2022. This indicates a competitive market where buyers are acting quickly to secure properties. Properties With and Without Price Reductions in Chatham County NC Price reductions can provide insights into the pricing strategies and market response. In the analyzed period, 38% of properties had price reductions, while 62% did not. The following pie chart illustrates this distribution: Properties with price reductions took an average of 30 days to sell, while those without reductions sold in 18 days. The longer time to sell for properties with reductions suggests initial overpricing. Top-Selling Subdivisions in Chatham County NC The top-selling subdivisions provide insights into popular neighborhoods and community preferences. The top two selling subdivisions this summer are: Chatham Park: 35 sales Briar Chapel: 28 sales These subdivisions represent a mix of new construction and established communities, reflecting diverse buyer interests. Number of Sales: 2023 vs 2022 The total number of homes sales in Chatham County NC for June to August 2023 is 320, compared to 310 for the same period in 2022. The sales volume has slightly increased this year, with a potential decrease in August 2023 compared to previous months. This analysis comes from data taken directly from the Triangle MLS, offers valuable insights for both buyers and sellers in Chatham County, NC. Understanding these trends can help in making informed decisions in the ever-changing real estate market.
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