{"id":157286,"date":"2016-12-19T05:00:11","date_gmt":"2016-12-19T10:00:11","guid":{"rendered":"http:\/\/raleighpublicrecord.org\/?p=157286"},"modified":"2016-12-19T08:49:49","modified_gmt":"2016-12-19T13:49:49","slug":"development-beat-mind-your-manors-monday-8","status":"publish","type":"post","link":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/news\/development-beat\/2016\/12\/19\/development-beat-mind-your-manors-monday-8\/","title":{"rendered":"Development Beat: Mind Your Manors Monday"},"content":{"rendered":"<p><strong>Monday, December 19, 2016<\/strong><\/p>\n<p><em><strong>Brought to you by Rufty-Peedin Design Builders<\/strong><\/em><\/p>\n<p><em>Mind Your Manors Monday is a relatively new feature that will take a look back at the previous week&#8217;s single-family and town home renovation and new building projects.\u00a0<\/em><\/p>\n<p>Once again this week, we&#8217;ll be incorporating home sales data into our analysis, and using somewhat-professional looking infographics. As always, we&#8217;d love to hear any suggestions for new or additional Mind Your Manors Monday content.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-large wp-image-157380\" src=\"http:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/IMG_9816-771x509.jpg\" alt=\"img_9816\" width=\"771\" height=\"509\" srcset=\"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/IMG_9816-771x509.jpg 771w, https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/IMG_9816-336x222.jpg 336w, https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/IMG_9816-768x507.jpg 768w, https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/IMG_9816.jpg 852w\" sizes=\"(max-width: 771px) 100vw, 771px\" \/><\/p>\n<p>Two things worth noting before we dive in:<\/p>\n<ul>\n<li>While our new homes\/home renovations\/home demolitions categories do not include condominiums, sales of condo units will be included in this category. Why? It&#8217;s easier that way.<\/li>\n<li>This data is compiled from a comprehensive database, updated daily, put together by Wake County. Some of the data is a little weird: home sales listed at $0, deed dates listed 100 years in the future, etc. We did our best to screen out these obvious errors, but can&#8217;t guarantee we didn&#8217;t miss a few other anomalies. So we&#8217;d say the figures below are &#8220;close to exact&#8221; rather than being 100 percent precise.<\/li>\n<\/ul>\n<p>A total of 199 residential units were sold in Raleigh between December 12 and December 16. The total value of all the combined sales was $30,234,312; the average cost of each home was $209,961 and the median cost was a somewhat more reasonable $170,500. For all you math nerds following along at home: $30.2 million divided by 199 is <em>not<\/em> $209,961, but a shocking 56 of the sales recorded\u00a0last week were listed at zero dollars, so we excluded them from both the average and the median figures. The majority of those zero-dollar &#8220;sales&#8221; were for lots in the new 5401 North master-planned residential community in North Raleigh near the 540\/401 interchange, which has the great tagline of\u00a0 &#8220;The edge of the City&#8230;The Center of Attention!&#8221;<\/p>\n<p>NOTE: We had previously misidentified the location of this development as being off Wake Forest Road.<\/p>\n<p>The least expensive of the nonzero dollar sales was the $10,000 purchase of\u00a0739 Ellington Street, a 684 square-foot home built in 1962. It was apparently purchased by a Virginia-based construction company.<\/p>\n<p>At $895,000, the most expensive home purchase from the last two weeks was for a house at 5101 Accabonac Point in the North Raleigh Hamptons at Umstead neighborhood. The 3,912\u00a0square-foot home was built in 2014 by the optimistically named Foreverhome LLC.\u00a0We&#8217;re not entirely sure which real estate firm sold the property, as it was listed on several different agent&#8217;s websites. Although the description was not as enticing as some of those we&#8217;ve come across in the past, we&#8217;ve decided to share it anyway:<\/p>\n<p><em>Exquisite combination of stone &amp; brick, with cedar columns flanking covered entry. Beautiful iron grill enhances the 8&#8242; Mahogany front door! Wonderful corner Homesite with fenced backyard is beautifully landscaped!<\/em><\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-full wp-image-157379\" src=\"http:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/IMG_9817.jpg\" alt=\"img_9817\" width=\"663\" height=\"379\" srcset=\"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/IMG_9817.jpg 663w, https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/IMG_9817-336x192.jpg 336w\" sizes=\"(max-width: 663px) 100vw, 663px\" \/><\/p>\n<p>20 new Raleigh homes received building permits last week, a slight decline from the 30 issued the week before. The homes ranged in size and cost from a quartet of two-story, 1,555 square foot Southeast Raleigh homes built by Wade Jurney homes at a cost of $157,556\u00a0to a $604,000, 5,955 SF single-family dwelling at 5001 Wainscott Way. Arthur Rutenberg Homes will be handling the build out of this Wainscott Way manor. The average cost of a new home permitted over the last two weeks\u00a0was $294,811, while the median was $274,831. The total cost of all\u00a0new homes built last week was\u00a0$5,896,229.<\/p>\n<p>The largest\u00a0and smallest homes in terms of square footage were also the most and least expensive ones to receive permits last week.<\/p>\n<p><img loading=\"lazy\" class=\"size-large wp-image-157378\" src=\"http:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/IMG_9819-771x510.jpg\" alt=\"Female Hands Framing Custom Kitchen Design Drawing and Photo Combination.\" width=\"771\" height=\"510\" srcset=\"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/IMG_9819-771x510.jpg 771w, https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/IMG_9819-336x222.jpg 336w, https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/IMG_9819-768x508.jpg 768w, https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-content\/uploads\/2016\/12\/IMG_9819.jpg 1000w\" sizes=\"(max-width: 771px) 100vw, 771px\" \/><\/p>\n<p>37 homeowners received a total of 43 renovation\/addition\/&#8221;other&#8221; permits last week at a total cost of $2,473,859. The average cost of each permit was $57,532 while the median cost was about half of that at $29,780. The costliest project was a $250,000 whole-house renovation of a property on Brunswick Street,\u00a0which will be handled by\u00a0Dempsey Hodges Construction.<\/p>\n<p>The total square footage involved in all\u00a0renovations permitted last week was 21,858\u00a0and the average size of a renovation project permitted last week was 508 SF, with a median size of 397 SF.<\/p>\n<p>Note: If you&#8217;re wondering what &#8220;other&#8221; means, most of the projects with that work description are deck\/garage additions, but they also include things like pergola renovations and in-ground pool installations.<\/p>\n<p><em><strong>Editor&#8217;s Note: No residential properties received demolition permits this week.\u00a0<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We take a look at the last two week&#8217;s new home and home renovation projects in and around the City of Oaks. Plus: a report on all the home sales during that period. <\/p>\n","protected":false},"author":24061,"featured_media":157379,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1599],"tags":[],"_links":{"self":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/posts\/157286"}],"collection":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/users\/24061"}],"replies":[{"embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/comments?post=157286"}],"version-history":[{"count":0,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/posts\/157286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/media\/157379"}],"wp:attachment":[{"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/media?parent=157286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/categories?post=157286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theraleighcommons.org\/raleighpublicrecord\/wp-json\/wp\/v2\/tags?post=157286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}