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The North Hills apartment complex Park & Market has recently sold for $82 million to a Texas investor. That price sets the individual condo units at an area record-high of over $200k a piece. There are also several ground level spaces designated for retail spaces, however, the retail space was excluded from the transaction.

Kane Realty Corp has not only retained the retail space, they’ve also recently refinanced their Goldman Sachs loan. The Raleigh movers are curious to see what possible residential and commercial changes may head to the area in the coming months. We’ll keep you posted on pertinent news for the Raleigh area and also informed of real estate transactions of public interest.

Two new businesses are coming to Morrisville Business Park, the Raleigh commercial movers are glad to report. The first is a Texas-based heating & a.c. company called Lennox Industries. The Morrisville location will be a 24,000 square foot distribution center. The other company is a Durham based startup called Impact Shred & Recycle. Impact has leased 24,000 square feet of warehouse space.

Lennox will move in to the building this June, and Impact will follow shortly after in July. The Raleigh movers are glad that commercial space is getting leased out by businesses both local and from out of state, and hopefully Raleigh continues to get increasingly stable over the next few months as a reliable commercial location for businesses both new and old.

The real estate market has struck an interesting balance in Raleigh in the last few months. Home sales in the counties that comprise the Research Triangle area have had positive sales trends, the largest of which being the Durham North area which was up 80.6 percent in terms of growth. Pending sales were higher in March 2012 in comparison to March 2011 by 17.1 percent. The Triangle saw over 1,700 closed sales in March of this year.

The Raleigh movers feel that it is also worth noting that new listings are down by about 12 percent. Additionally, inventory levels have shrunk almost 30 percent. Housing prices have followed the supply/demand route and prices have increased in Raleigh as availability has gone down.

Local Raleigh real estate company Showhomes Raleigh has taken the market by storm, helping homeowners to stage vacant homes up for sale and maintaining properties while they are on the market. Many people overlook the value of home staging and the relation that home buyers make to what they envision the home to look like. The Raleigh movers have learned that the company hopes to revive the local real estate market and move homes that have been stagnant.

Partnering with a company that can stage your home is a win-win for the seller and for the realtor. Home stagers offer a third party perspective on what a potential buyer will see when they walk in to your property.

The Showhomes Raleigh brand was recognized recently in Orlando, FL with a Circle of Excellence Award for its quick impact on the Raleigh real estate industry.

The Triangle Town Center is having trouble selling commercial space, much to a different tune than nearby Durham and Raleigh shopping centers. The Town Center is behind projected estimates for the complex which have it priced at $287 per square foot as recently as 2011. That’s considerably low in comparison to Raleigh’s Crabtree Valley Mall, where average stores are renting for $665 per square foot. But, for some reason, the buyers aren’t biting.

The Raleigh movers are curious as to why the town center has yet to fill out or even hit a decent number of tenants. Perhaps it’s priced too low, if there is such a thing? Speak out & share your thoughts!

Homes are definitely selling in Raleigh’s Research Triangle area, and here at the Raleigh movers we want to make sure you are pricing your home accordingly to get the most bang for your buck when you sell. In the Triangle alone, home sales are up 35 percent for the month of February.

Throughout years of prices jumping, dropping, sales lagging, picking up–it’s hard to keep track of when is the right time to sell, whether you should price high or if you need to offer something reasonable or low to move a house quickly. The truth is, the only person who will suffer for selling your home below value is you.

Pricing your home near the value (considering upgrades, money put into the home, etc) will get you much closer to your goal of attaining a payout close to what you feel the house is worth. By pricing what you honestly feel you deserve, you aren’t losing. And your confidence in the price resonates to the buyer! Be confident.

The city of Raleigh is undergoing a few changes in regards to the rental industry. Currently, the city runs with a Probationary Rental Occupancy Permit, which can fine landlords (or their tenants) if there are too many noise violations associated with an address. This potential change comes on the end of several noise complaints and parties into the wee hours in Raleigh’s college neighborhoods.

Further, landlords will be penalized if their tenants are fined or found for prostitution, possessing stolen goods, possessing/consuming malt beverages, sale of machine guns, gambling, and several other incidents. How fair is it to penalize landlords if a seemingly good citizen tenant turns out not to be such?

The Raleigh movers want to know your thoughts–landlords, tenants, what do you think? Would you be less inclined to purchase a home for investment and rental use if you were at risk for these implications?

According to reports, Raleigh is advanced beyond cities throughout the US in its technology endeavors, including mobile apps. The city has created everything from SeeClickFix app to report pot holes and other city problems, as well as the sex offender app that alerts you of nearby reported sex offenders in the area. Bus routes, happy hours, cab companies–all are accessible by Raleigh apps!

Aside from the app market, the real estate market is worth noting too. Raleigh movers are happy to share that our city is a “one to watch” in 2012, and single family home prices are on the rise. If you’re looking to move to Raleigh, we suggest you strike while the iron is hot and consider a move sooner rather than later.

In January, reports showed that the housing market in Raleigh’s research triangle showed improvement. Sales, pending sales, and showings were all better than the reported numbers for January 2011. However, not all the news is positive–selling prices are down 7% from 2011, and over half of the sales that were made involved negotiations on the part of the seller, such as paying the buyer’s closing costs.

The average sale price was just under $220,000. About 930 homes were sold throughout Durham, Johnston, Orange and Wake counties. Pending sales were up 30 percent, and sales up 10 percent.

The Raleigh movers are hopeful that February’s numbers show the positive trends continuing.

According to a report by Clear Capital, a California-based valuation company, housing prices in Raleigh won’t be picking up in 2012. In fact, the company predicts that prices will actually continue to drop about 3 percent. In 2011, prices dropped 3.7 percent.

If the predictions come true, Raleigh could end up in the bottom part of the top 50 metro markets in America. Prices have sporadically dropped over the past six years. Here at the Raleigh movers, we wish not only for a residential real estate revival, but also for the corporate market to decrease in vacancy rate. Alas, only time will tell throughout 2012 if the real estate market succeeds in steady or increasing prices rather than falling into the predictions set by Clear Capital.