Archive for March, 2014

Still looking good…

February 2013 vs. February 2014 closed residential real estate statistics for the entire RTP region, from Triangle Multiple Listing:


1656 closed sales, 3 bedrooms, 2.5 baths, 2107 square feet, $216,967 list price, $210,960 sale price, 111 days on market.


1693 closed sales, 3 bedrooms, 2.5 baths, 2141 square feet, $233238 list price, $227635 sale price, 97 days on market.

In my opinion the inflation in average list and sales prices comparing 2013 to 2014 is startling. I expect with inventory down that we’ll continue to see this upward tick in prices.  Condos and townhouses are recovering much more slowly.

Know someone who’s thinking about buying, selling or leasing real estate?  Refer them to us. 

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Offered at $129,900

614 Ruby St. Durham, NC 27704

To learn more about this terrific Durham, NC home and all of our listings, visit www.TeamMichaelSullivan.com or our Facebook page.

In a word, charming! Just starting out and looking for your first patch?  Here it is.  Looking to simplify life?  Here it is.  614 Ruby St. offers, a large front porch, a fully fenced rear yard, a large storage shed, worry free vinyl siding and a terrific Northgate Park neighborhood location.

Inside you’ll find hardwood flooring in the living room, dining room and both bedrooms. All appliances remain with this home; refrigerator, stack washer/dryer and range. The kitchen offers ample cabinet space and just steps away there is a rear deck for warm weather enjoyment.

Want to see inside or learn more?  Call us 919-608-2372 or email MSullivan@fmrealty.com

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4101 Five Oaks Dr. #14 offered at $139,950/3Bedrooms/3 Baths/1708 square feet

This lovely end unit condominium with private patio has the feel of a detached home. Inside there are numerous updates and a feeling of spaciousness.  The main level offers an updated kitchen with black appliances, newly painted cabinets, a lovely ceramic backsplash and new flooring.  All appliances stay with this home. Additionally on the main level is a cheery breakfast room, a large dining room with sliding doors to a patio and a generously sized living room. You’ll love the vaulted ceilings here.  Also, this home offers a full bath and a bedroom  on the main level.

Upstairs is a master suite with private bath and a huge walk in closet.  The second bedroom also has it’s own bath and is light filled and sunny.

An HSA Warranty is offered with the home. The HVAC/Heat Pump is about two years old. The carpeting is newer and the paint through out this home is fresh and updated.

4101 Five Oaks Dr. is an easy walk to the Five Oaks Club.

Hickory Downs/Five Oaks is professionally managed by Community Focus NC.

The Hickory Downs/Five Oaks neighborhood is about 7 miles to UNC and 7 miles to Duke University and is just steps from shopping and dining.

Learn more at www.TeamMichaelSullivan.com

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