Let’s start with some stats
As promised in the last post, DurhamLuxRE will begin to look at a broader range of the luxury home market over a wider area in the Triangle. Specifically, we’re talking about any home listed and/or then sold for at least $450,000. Our old threshold was $700,000 and we still make the distinction between homes between $450K and $700K and those over $700K.
Since we haven’t looked at this lower price range of entry level luxury homes here are the statistics. But first let me head off anyone who might want to argue with the cutoffs. They’re arbitrary and I know it. There are some very nice homes in the area that are under $450K including mine but you have to make the cutoff somewhere. [click to continue…]
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