[This is the second post in a series of posts about the top appreciating subdivisions in the Triangle. You can find the first in the series here.]
Out of the top 20 highest appreciating subdivisions, 17 of them are in Raleigh. The other 3 are in the Cary/Apex area. Like I said earlier, if your neighborhood didn’t make the list, that doesn’t necessarily mean it wouldn’t have ranked as high as these neighborhoods. There just may not have been enough sales to provide accurate data.
Like all highly appreciating areas, Knollwood is in a phenomenal location. Just one walkable mile (sidewalk or greenway) from Downtown Apex and bordering Highway 64, Knollwood has a lot of things going for it. Knollwood is convenient to all the amenities of downtown Apex, including the Halle Cutural Arts Center, restaurants, coffee shops, bakeries, breweries. It is also accessible to the Eva Perry Library through the back of the subdivision. The central location and close proximity to highways makes it easily commutable to other parts of the Triangle.
Prices in Knollwood range from about $170k for 1300 square feet to around $290k for 2000 square feet. These homes were built in the late 1960’s and early 1970’s.
MacGregor Downs is a beautiful mixture of tastefully built custom homes from the 60’s, 70’s and 80’s, interspersed with more modern upscale homes in a Country Club atmosphere. The grounds are stunningly beautiful, the golf course well-respected and as perfectly located as Knollwood, just across the road.
It is still occasionally possible to buy a vacant lot in MacGregor for around $300k, the median home price is around $700,000, although it is possible to find attached homes in the $300k range.
Located in Cary, in the Southeast corner of the Maynard Loop and an easy walk to the Cary Town Center Mall, Greenwood Forest hasn’t seen the last of it’s growth. With the coming development of Cary’s Eastern Corridor and Ikea’s announcement earlier this year, this location will only continue to grow in desirability.
Prices in Greenwood Forest range from $170k (for a complete fixxer upper) to $350k+ (for fully remodeled) and sizes are about 1700 square feet to about 2400.
Or search all Wake County homes for sale here: Wake County Real Estate Search
Ellen is the founder of Harmony Realty, a socially conscious realty company. Ellen believes in empowering her clients through education and open communication. Ellen is a number-cruncher at heart and takes great pleasure in following and analyzing the trends of the housing industry. She loves communicating the big picture to her clients and helping them to understand how the market affects their sale or purchase. Her honest and down-to-earth approach allows her clients to make informed and intelligent decisions to get the most out of their offers and negotiations.
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