The featured Raleigh zip code for this week is located in the Northwestern part of the Oak City - 27612. One might think that all roads lead to 27612 given that it encompasses parts of I-540, I-440, Highway 70 (also known as Glenwood Avenue), Creedmoor Road, etc.
This area of Raleigh is comprised of several shopping centers but the mecca of all of them would, hands down, be, Crabtree Valley Mall. Anchored by Belk, Macy's and Sears, this mall is probably one of the biggest draws in the area. It also features popular restaurant chains such as Cheesecake Factory, P.F. Chang’s and Fleming's Prime Steakhouse & Wine Bar. Another primary draw to this section of Raleigh - Furniture. Known as "furniture row" by locals, Glenwood Avenue is littered with multiple furniture stores including Haverty's, Ashely Furniture, Rooms to Go, Bassett…I could go on and on.
Neighborhoods & Properties
27612 is full of older neighborhoods that are popular with buyers looking for larger lots and the exclusivity of an established address. In fact, a lot of the buyers who look at this area often renovate their properties. Brookhaven, for instance, is a neighborhood that is full of brick ranch-style and more traditional-styled homes from the 1950s and 60s. Many of the lots are larger and wooded, offering a lot privacy to residents.
Hamptons at Umstead is on the other end of the spectrum as it offers new, custom-styled homes starting around the high $600s. This neighborhood, however, offers a varied selection of lots (both wooded and open) and is surrounded by City of Raleigh's greenway system.
Last year, a total of 633 homes were sold in this particular area. Of that total, 342 were detached homes versus 291 townhomes/condos.The average length on the market for both property types hovers between 48 and 55 days. To get a better idea of what the home prices are like, check out the Triangle MLS tables below:
How Does 27612 Compare?
Check out the graph below to see how home sales in this zip code stacked up against the surrounding areas in North Raleigh so far this year. For additional information on how 27612 faired in 2014, click here.