May 22, 2015
Featured Raleigh zip code: 27616
For this week's featured zip code, we're heading to 27616. This area counts US 1 and 401 as the main thoroughfares running north and south. Since this zip code is in the Northeast quadrant of Raleigh, I-540 has three exits in 27616. Net-net, it's a busy, high-traffic area.
Because it's a busy area, there is some pretty significant shopping. First, there's Triangle Town Center Mall with Belk, Dillards and Macy's as its main anchors. This mall also has the state's only Saks Fifth Avenue - pretty fancy, huh? Surrounding the mall, there's also quite a few larger, more popular stores like Dick's Sporting Goods, Target, World Market, Bed Bath & Beyond and DSW.
WRAL Soccer Park, located on Perry Creek Road, also calls this East Raleigh zip code home. This park is a MASSIVE athletic complex boasting 23 Bermuda grass soccer fields, two turf fields and a 3,000-seat championship stadium.
Neighborhoods & Properties
This area is full of new and newish construction with relatively affordable homes. Arbor Chase, for instance, features recently-finished new homes in the low-mid $200's while Bryson Village is in the final building phase with new homes in the high $200's to the low $300's, resale homes in the mid $200's and townhomes available in the $150's. Lastly, Riverside is a community that offers a great mix of homes built in the late 90's and onward from the lower $100's for some of the smaller townhomes to larger homes in the $200's and $300's.
Last year, a total of 1162 homes were sold in 27616. Of that total, 871 were detached homes versus 291 townhomes/condos. The average length on the market for both property types ranged from 55 to 65 days. Check out the Triangle MLS tables below to see what home prices are like in the area.
How Does 27616 Compare?
Check out the graph below to see how home sales in this zip code stacks up against other areas in East Raleigh so far this year. For additional information on how 27616 faired in 2014, click here.
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