cooke report spring 2014

A LOCAL REAL ESTATE MARKET UPDATE

THE COOKE REPORT

SPRING 2014

3

If you would like to be removed from our mailing list please let me know by email at:

[email protected].

Lucia, Cecil and Allison

Dear Reader,

Once again, I have the distinct pleasure of reaching out to you. It is because of our loyal clients and continual referrals that we have achieved success in real estate. In the last year, we closed $26,554,268. And as much as we are proud of our accomplishment, at the end of the day it is just a number. The important element is what is behind that number, the numerous families and individuals we were able to guide through the process of buying or selling a home. Whether it is a first time buyer or a seasoned seller, every individual and property is unique and requires attention specific to their needs. It is easy to fall into the trap of checking numbers and trying to find where you “rank” in the business but it actually has little relevance to our bottom line – making sure every client and customer never feels like a number.

And now for the numbers that actually matter! At the end of 2013, inventory was down 10% from the previous year, new listings were up 12% and pending sales were up 18%. There was a moderate decrease in overall days on the market. For the first quarter of this year, we had a bit of a dip. Many, ourselves included, are blaming the weather for the slow start to the season. The bright spots are that the closed sales are up 3%, the average sales price is up 8% and the average days on market has continued to move downward. This is for the entire Triangle, and more specific numbers for each county can be seen in the Market Report. As an addition, this and all future magazines will be available on our website in its entirety.

We include a special ‘Thank You’ to the wonderful people who allowed us to photograph their Sears home for the featured article in this edition. It was truly a joy to meet them and hear how their history and home are linked. It is a privilege to be in an industry that allows you to meet such interesting people from different walks of life.

Orange County Inventory: As compared to first quarter 2013, the number of active listings has remained the same. Of all active listings at the end of the first quarter, 27% had dropped their price at least once. The average price drop was 7%. Traffic: There was a 16% decrease in showings as compared to the first quarter 2013. Pending Sales: There was an increase of 22% compared to the first quarter 2013. Closed Sales: Year-to-date closings are up by 29% compared to the first quarter 2013. The average sales price increased by 5% as compared to a year ago to $314,400. Cash transactions accounted for 27% of the closings. The average dollar per sq ft increased by 1% to $128. Supply: Based on first quarter closings, there is a 9 month supply of housing in the county. Foreclosures: Foreclosure filings during the first quarter decreased by 41%. Distressed listings represent 1%, down from 3%. Chapel Hill: Inside the Chapel Hill School District, closings were up 2%, the median sales price increased by 13%, and the average sales price increased by 2%.

Durham County Inventory: As compared to first quarter 2013, the number of active listings decreased by 12%. Of all active listings at the end of the first quarter, 25% had dropped their price at least once. The average price drop was 7%. Traffic: There was a 4% decrease in showings as compared to the first quarter 2013. Pending Sales: There was an increase of 5% compared to the first quarter 2013. Closed Sales: Year-to-date closings are up by 8% compared to the first quarter 2013. The average sales price is up 9% ($205,000). Cash transactions accounted for 28% of the closings. The median sales price increased by 10%. Supply: Based on first quarter closings, there is a 5 month supply of housing in the county. Foreclosures: Foreclosure filings during the first quarter decreased by 20%. Distressed properties account for 7% of the total listings.

Chatham County Inventory: As compared to the first quarter 2013, the number of active listings increased by 2%. Of all active listings at the end of the first quarter, 30% had dropped their price at least once. The average price drop was 7%. Traffic: There was a 2% increase in showings as compared to the first quarter 2013. Pending Sales: Listings with a pending or closed status increased 2% over the first quarter 2013. Closed Sales: Quarterly-to-date closings are up by 22% compared to 2013. The average sales price increased by 9% as compared to a year ago. Cash transactions accounted for 22% of the closings. The median dollar per sq ft increased by 7%. Supply: Based on first quarter closings, there is a 10 month supply of housing in the county. Foreclosures: Foreclosure filings during the first quarter decreased by 25%.

First Quarter 2014Overview

5

Cary / Apex / Morrisville

Inventory: As compared to 2013, the number of active listings decreased by 14%. Of all active listings at the end of the first quarter, 28% had dropped their price at least once. The average price drop was 4%. Traffic: There was an 18% decrease in showings as compared to the first quarter 2013. Pending Sales: There was a decrease of 4% compared to the first quarter 2013. Closed Sales: Year-to-date closings are up by 6% compared to 2013. Transactions with financial concessions accounted for 47% of all closings. Supply: Based on first quarter closings, there is a 3 month supply of housing in the areas. New Construction: First quarter 2014 building permits were up 25% over the first quarter 2013.

Wake County

Inventory: As compared to 2013, the number of active listings decreased by 4.1%. Traffic: There was a 17% decrease in showings as compared to the first quarter 2013. Pending Sales: There was an increase of 1% compared to the first quarter 2013. Closed Sales: Year-to-date closings are down by 3% compared to 2013. The average sales price increased by 3%. Supply: Based on first quarter closings, there is a 3 month supply of housing in the county.

Luxury Homes Priced at $500,000 and above

Inventory: As compared to 2013, the number of active listings increased by 14%. Of all active listings at the end of the first quarter, 28% had dropped their price at least once. The average price drop was 6%. Traffic: There was a 5% decrease in showings as compared to the first quarter 2013. Pending Sales: There was an increase of 21% compared to the first quarter 2013. Most in the $500K - $599K price range. Closed Sales: Year-to-date closings are up by 40% compared to 2013. Quarterly closings where the original list price had not been changed closed at 98% of list price. Quarterly closings that had at least one price reduction closed at 90% of list price. Supply: Based on first quarter closings, there is a 9 month supply of luxury housing in the Triangle Area.

6

Market ReportAll data is from Triangle MLS.

The search periods were as follows: PAST 5/1/2012 to 5/1/2013 RECENT 5/1/2013 to 5/1/2014

Absorption rate is derived by dividing the active listings by the average number of sales per month in each price category.

7

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9

New Construction Single Family Number of Sales

Dollar per Sq Ft

New Construction Townhomeand Condominium

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale less than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiumless than 10 years old

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale more than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiummore than 10 years old

Number of Sales

Dollar per Sq Ft

0 0 0 2 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 0 0 0 140 0 0 0 0 0 158 0 0 0 0 0 195 0 0 0 0 0 0 171 0 0

2 0 8 16 16 10 3 3 0 0 3 0 0 0 0 7 3 3 3 0 0 0 0 0 0 0

166 0 301 320 352 377 376 416 0 0 498 0 0 0 0 281 261 378 377 0 0 0 0 0 0 0

0 0 0 1 2 3 0 0 0 3 1 0 0 0 0 0 0 4 2 3 2 1 2 3 1 1

0 0 0 206 147 163 0 0 0 195 204 0 0 0 0 0 0 211 145 177 185 152 194 177 195 311

2 6 8 1 3 4 1 0 2 0 0 0 0 0 14 13 1 3 1 1 3 2 3 0 0 1

136 136 147 243 216 197 168 0 216 0 0 0 0 0 137 145 154 303 149 178 194 234 213 0 0 480

1 10 66 62 38 27 24 23 8 11 6 2 0 1 11 51 52 39 17 21 10 6 6 7 0 0

90 133 145 159 174 166 200 187 182 196 257 350 0 52 140 145 151 150 159 188 205 173 228 219 0 0

19 82 25 4 0 0 0 0 1 0 0 0 0 10 65 14 3 0 0 0 0 1 0 0 0 0

87 113 158 134 0 0 0 0 216 0 0 0 0 82 113 156 169 0 0 0 0 258 0 0 0 0

8

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 0 0 2 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0

0 0 0 0 140 0 0 0 0 0 158 0 0 0 0 0 195 0 0 0 0 0 0 171 0 0

2 0 8 16 16 10 3 3 0 0 3 0 0 0 0 7 3 3 3 0 0 0 0 0 0 0

166 0 301 320 352 377 376 416 0 0 498 0 0 0 0 281 261 378 377 0 0 0 0 0 0 0

0 0 0 1 2 3 0 0 0 3 1 0 0 0 0 0 0 4 2 3 2 1 2 3 1 1

0 0 0 206 147 163 0 0 0 195 204 0 0 0 0 0 0 211 145 177 185 152 194 177 195 311

2 6 8 1 3 4 1 0 2 0 0 0 0 0 14 13 1 3 1 1 3 2 3 0 0 1

136 136 147 243 216 197 168 0 216 0 0 0 0 0 137 145 154 303 149 178 194 234 213 0 0 480

1 10 66 62 38 27 24 23 8 11 6 2 0 1 11 51 52 39 17 21 10 6 6 7 0 0

90 133 145 159 174 166 200 187 182 196 257 350 0 52 140 145 151 150 159 188 205 173 228 219 0 0

19 82 25 4 0 0 0 0 1 0 0 0 0 10 65 14 3 0 0 0 0 1 0 0 0 0

87 113 158 134 0 0 0 0 216 0 0 0 0 82 113 156 169 0 0 0 0 258 0 0 0 0

less than $100,000current inventory: 5absorption rate: 2.5 months

$100,000 - $199,999current inventory: 55absorption rate: 6.7 months









$1,000,000 - $1,499,999current inventory: 17absorption rate: 18.7 months


greater than $2,000,000current inventory: 7absorption rate: no sales to compare

Absorption RateEast

Chape

l Hill H

igh Sc

hool

9

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9


Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft

0 0 2 1 16 4 3 4 1 0 0 0 0 0 0 0 3 24 2 5 0 1 0 0 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 0 2 1 16 4 3 4 1 0 0 0 0 0 0 0 162 152 134 161 0 212 0 0 0 0

0 0 23 10 10 3 0 0 0 0 0 0 0 0 3 12 3 1 0 0 0 2 0 0 0 0

0 0 148 262 253 285 0 0 0 0 0 0 00 126 131 289 290 0 0 0 309 0 0 0 0

0 0 1 4 5 12 4 4 2 1 2 0 0 0 0 1 4 7 6 7 5 1 0 0 0 0

0 0 168 155 169 162 187 178 215 187 246 0 0 0 0 168 145 169 157 168 140 171 0 0 0 0

1 9 13 11 0 0 0 0 0 0 0 0 0 0 2 6 7 1 0 0 0 0 0 0 0 0

83 140 141 123 0 0 0 0 0 0 0 0 0 0 141 126 118 111 0 0 0 0 0 0 0 0

3 20 54 40 33 17 10 1 6 0 0 0 0 6 26 55 29 25 10 7 2 1 0 0 0 0

47 147 161 173 155 152 170 161 188 0 0 0 060 158 151 145 153 155 155 190 198 0 0 0 0

4 36 3 2 0 0 0 0 0 0 0 0 0 6 16 4 0 0 0 0 0 0 0 0 0 0

65 125 168 195 0 0 0 0 0 0 0 0 0 63 144 143 0 0 0 0 0 0 0 0 0 0

10

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 0 2 1 16 4 3 4 1 0 0 0 0 0 0 0 3 24 2 5 0 1 0 0 0 0

0 0 2 1 16 4 3 4 1 0 0 0 0 0 0 0 162 152 134 161 0 212 0 0 0 0

0 0 23 10 10 3 0 0 0 0 0 0 0 0 3 12 3 1 0 0 0 2 0 0 0 0

0 0 148 262 253 285 0 0 0 0 0 0 00 126 131 289 290 0 0 0 309 0 0 0 0

0 0 1 4 5 12 4 4 2 1 2 0 0 0 0 1 4 7 6 7 5 1 0 0 0 0

0 0 168 155 169 162 187 178 215 187 246 0 0 0 0 168 145 169 157 168 140 171 0 0 0 0

1 9 13 11 0 0 0 0 0 0 0 0 0 0 2 6 7 1 0 0 0 0 0 0 0 0

83 140 141 123 0 0 0 0 0 0 0 0 0 0 141 126 118 111 0 0 0 0 0 0 0 0

3 20 54 40 33 17 10 1 6 0 0 0 0 6 26 55 29 25 10 7 2 1 0 0 0 0

47 147 161 173 155 152 170 161 188 0 0 0 060 158 151 145 153 155 155 190 198 0 0 0 0

4 36 3 2 0 0 0 0 0 0 0 0 0 6 16 4 0 0 0 0 0 0 0 0 0 0

65 125 168 195 0 0 0 0 0 0 0 0 0 63 144 143 0 0 0 0 0 0 0 0 0 0












$1,500,000 - $2,000,000current inventory: 1absorption rate: no sales to compare


Absorption RateChape

l Hill H

igh Sc

hool

11

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9


Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft

0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 2 0 0 0 0 1 1 1 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 0 0 192 167 0 0 0 0 0 245 0 00 0 0 180 0 0 0 0 233 183 214 0 0

0 3 5 1 0 0 0 0 0 0 0 0 0 0 1 7 1 0 0 0 0 0 0 0 0 0

0 101 131 192 0 0 0 0 0 0 0 0 0 0 107 135 150 0 0 0 0 0 0 0 0 0

0 1 0 1 0 1 1 0 1 1 0 0 0 0 0 0 0 1 0 0 3 1 0 2 0 0

0 116 0 171 0 255 172 0 253 192 0 0 0 0 0 0 0 164 0 0 140 160 0 203 0 0

0 0 3 0 0 0 0 0 0 0 0 0 0 0 0 9 0 0 0 0 0 0 0 0 0 0

0 0 160 0 0 0 0 0 0 0 0 0 0 0 0 155 0 0 0 0 0 0 0 0 0 0

1 14 19 26 24 12 11 2 0 4 1 0 0 0 19 23 26 29 10 13 3 1 2 2 0 0

54 130 133 149 165 165 178 201 0 194 362 0 0 0 140 136 139 155 172 167 194 148 152 198 0 0

5 27 25 5 1 0 0 0 0 0 0 0 0 11 16 12 9 1 0 0 0 0 0 0 0 0

120 139 179 181 176 0 0 0 0 0 0 0 0 84 133 157 158 165 0 0 0 0 0 0 0 0

12

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 2 0 0 0 0 1 1 1 0 0

0 0 0 192 167 0 0 0 0 0 245 0 00 0 0 180 0 0 0 0 233 183 214 0 0

0 3 5 1 0 0 0 0 0 0 0 0 0 0 1 7 1 0 0 0 0 0 0 0 0 0

0 101 131 192 0 0 0 0 0 0 0 0 0 0 107 135 150 0 0 0 0 0 0 0 0 0

0 1 0 1 0 1 1 0 1 1 0 0 0 0 0 0 0 1 0 0 3 1 0 2 0 0

0 116 0 171 0 255 172 0 253 192 0 0 0 0 0 0 0 164 0 0 140 160 0 203 0 0

0 0 3 0 0 0 0 0 0 0 0 0 0 0 0 9 0 0 0 0 0 0 0 0 0 0

0 0 160 0 0 0 0 0 0 0 0 0 0 0 0 155 0 0 0 0 0 0 0 0 0 0

1 14 19 26 24 12 11 2 0 4 1 0 0 0 19 23 26 29 10 13 3 1 2 2 0 0

54 130 133 149 165 165 178 201 0 194 362 0 0 0 140 136 139 155 172 167 194 148 152 198 0 0

5 27 25 5 1 0 0 0 0 0 0 0 0 11 16 12 9 1 0 0 0 0 0 0 0 0

120 139 179 181 176 0 0 0 0 0 0 0 0 84 133 157 158 165 0 0 0 0 0 0 0 0

less than $100,000current inventory: 0absorption rate: no sales to compare






$600,000 - $699,999current inventory: 7absorption rate: 7 months







Absorption RateCarrbo

ro H

igh Sc

hool

13

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9

New Construction Single Family

Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft

0 10 3 2 0 0 2 0 0 0 0 0 0 0 14 1 0 0 0 0 0 0 0 0 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 83 84 122 0 0 163 0 0 0 0 0 0 0 81 78 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 3 9 4 1 3 0 2 0 0 1 0 0 0 4 13 6 10 1 1 0 0 0 2 0 0

0 118 112 119 154 187 0 205 0 0 192 0 0 0 103 104 135 145 110 160 0 0 0 223 0 0

0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0

0 75 0 0 0 0 0 0 0 0 0 0 0 0 81 0 0 0 0 0 0 0 0 0 0 0

6 49 62 8 4 3 2 1 1 0 2 0 0 11 44 39 9 6 1 0 1 0 0 1 1 0

45 108 121 129 152 150 156 228 158 0 200 0 0 63 107 121 116 162 136 0 199 0 0 142 365 0

3 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

64 91 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

14

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 10 3 2 0 0 2 0 0 0 0 0 0 0 14 1 0 0 0 0 0 0 0 0 0 0

0 83 84 122 0 0 163 0 0 0 0 0 0 0 81 78 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 3 9 4 1 3 0 2 0 0 1 0 0 0 4 13 6 10 1 1 0 0 0 2 0 0

0 118 112 119 154 187 0 205 0 0 192 0 0 0 103 104 135 145 110 160 0 0 0 223 0 0

0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0

0 75 0 0 0 0 0 0 0 0 0 0 0 0 81 0 0 0 0 0 0 0 0 0 0 0

6 49 62 8 4 3 2 1 1 0 2 0 0 11 44 39 9 6 1 0 1 0 0 1 1 0

45 108 121 129 152 150 156 228 158 0 200 0 0 63 107 121 116 162 136 0 199 0 0 142 365 0

3 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

64 91 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0










$900,000 - $999,999current inventory: 1absorption rate: no sales to compare

$1,000,000 - $1,499,999current inventory: 6absorption rate: 24 months



Absorption RateCedar R

idge H

igh Sc

hool

15

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft

0 3 4 3 9 3 0 0 0 0 0 0 0 0 4 5 31 2 0 1 0 0 0 0 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 128 103 113 128 128 0 0 0 0 0 0 0 0 91 107 112 125 0 142 0 0 0 0 0 0

0 6 2 0 0 0 0 0 0 0 0 0 0 0 21 1 0 0 0 0 0 0 0 0 0 0

0 109 103 0 0 0 0 0 0 0 0 0 0 0 101 96 0 0 0 0 0 0 0 0 0 0

1 12 13 17 5 4 2 2 0 0 0 0 0 0 20 8 15 7 2 2 0 1 0 1 0 0

89 97 100 124 115 145 149 164 0 0 0 0 0 0 93 105 113 120 126 126 0 152 0 248 0 0

0 10 2 0 0 0 0 0 0 0 0 0 0 0 6 2 0 0 0 0 0 0 0 0 0 0

0 96 100 0 0 0 0 0 0 0 0 0 0 0 90 90 0 0 0 0 0 0 0 0 0 0

29 69 51 39 13 4 2 0 1 0 0 0 0 44 68 36 17 6 4 5 0 1 1 0 0 0

54 105 129 125 135 189 157 0 138 0 0 0 0 53 96 121 125 151 167 161 0 154 182 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

16

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 3 4 3 9 3 0 0 0 0 0 0 0 0 4 5 31 2 0 1 0 0 0 0 0 0

0 128 103 113 128 128 0 0 0 0 0 0 0 0 91 107 112 125 0 142 0 0 0 0 0 0

0 6 2 0 0 0 0 0 0 0 0 0 0 0 21 1 0 0 0 0 0 0 0 0 0 0

0 109 103 0 0 0 0 0 0 0 0 0 0 0 101 96 0 0 0 0 0 0 0 0 0 0

1 12 13 17 5 4 2 2 0 0 0 0 0 0 20 8 15 7 2 2 0 1 0 1 0 0

89 97 100 124 115 145 149 164 0 0 0 0 0 0 93 105 113 120 126 126 0 152 0 248 0 0

0 10 2 0 0 0 0 0 0 0 0 0 0 0 6 2 0 0 0 0 0 0 0 0 0 0

0 96 100 0 0 0 0 0 0 0 0 0 0 0 90 90 0 0 0 0 0 0 0 0 0 0

29 69 51 39 13 4 2 0 1 0 0 0 0 44 68 36 17 6 4 5 0 1 1 0 0 0

54 105 129 125 135 189 157 0 138 0 0 0 0 53 96 121 125 151 167 161 0 154 182 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0














Absorption RateOrange H

igh Sc

hool

17

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft

0 12 9 0 0 0 0 0 0 0 0 0 0 1 39 12 0 1 1 0 2 0 0 0 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 82 90 0 0 0 0 0 0 0 0 0 0 23 78 99 0 139 145 0 193 0 0 0 0 0

0 31 2 0 0 0 0 0 0 0 0 0 0 4 6 1 0 0 0 0 0 0 0 0 0 0

0 71 111 0 0 0 0 0 0 0 0 0 067 69 115 0 0 0 0 0 0 0 0 0 0

6 37 29 11 1 3 0 0 0 0 0 0 0 11 43 17 8 0 0 0 0 0 0 0 0 0

47 74 91 120 117 152 0 0 0 0 0 0 0 44 71 90 111 0 0 0 0 0 0 0 0 0

6 7 1 0 0 0 0 0 0 0 0 0 0 3 3 0 0 0 0 0 0 0 0 0 0 0

52 67 110 0 0 0 0 0 0 0 0 0 0 50 70 0 0 0 0 0 0 0 0 0 0 0

104 172 65 25 3 1 0 0 0 0 0 0 0 120 153 52 15 4 2 1 1 1 0 0 0 0

49 90 106 113 121 106 0 0 0 0 0 0 0 38 86 100 134 103 118 214 145 140 0 0 0 0

3 3 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0

62 58 0 0 0 0 0 0 0 0 0 0 0 64 120 0 0 0 0 0 0 0 0 0 0 0

18

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 12 9 0 0 0 0 0 0 0 0 0 0 1 39 12 0 1 1 0 2 0 0 0 0 0

0 82 90 0 0 0 0 0 0 0 0 0 0 23 78 99 0 139 145 0 193 0 0 0 0 0

0 31 2 0 0 0 0 0 0 0 0 0 0 4 6 1 0 0 0 0 0 0 0 0 0 0

0 71 111 0 0 0 0 0 0 0 0 0 067 69 115 0 0 0 0 0 0 0 0 0 0

6 37 29 11 1 3 0 0 0 0 0 0 0 11 43 17 8 0 0 0 0 0 0 0 0 0

47 74 91 120 117 152 0 0 0 0 0 0 0 44 71 90 111 0 0 0 0 0 0 0 0 0

6 7 1 0 0 0 0 0 0 0 0 0 0 3 3 0 0 0 0 0 0 0 0 0 0 0

52 67 110 0 0 0 0 0 0 0 0 0 0 50 70 0 0 0 0 0 0 0 0 0 0 0

104 172 65 25 3 1 0 0 0 0 0 0 0 120 153 52 15 4 2 1 1 1 0 0 0 0

49 90 106 113 121 106 0 0 0 0 0 0 0 38 86 100 134 103 118 214 145 140 0 0 0 0

3 3 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0

62 58 0 0 0 0 0 0 0 0 0 0 0 64 120 0 0 0 0 0 0 0 0 0 0 0














Absorption RateNorthern H

igh Sc

hool

19

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft

0 0 3 2 1 1 5 1 0 0 0 0 0 0 1 5 6 0 0 0 0 0 0 0 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 0 140 123 108 176 165 179 0 0 0 0 0 0 130 127 106 0 0 0 0 0 0 0 0 0

0 62 18 0 0 0 0 0 0 0 0 0 0 0 35 8 0 0 0 0 0 0 0 0 0 0

0 102 120 0 0 0 0 0 0 0 0 0 0 0 113 113 0 0 0 0 0 0 0 0 0 0

3 14 7 10 6 0 1 0 0 0 2 0 0 3 18 9 7 6 1 0 1 0 0 0 0 0

76 98 120 114 121 0 136 0 0 0 183 0 0 49 88 109 126 116 223 0 170 0 0 0 0 0

2 12 5 3 1 1 0 0 0 0 0 0 0 7 18 4 1 0 1 0 0 0 0 0 0 0

99 133 108 191 216 218 0 0 0 0 0 0 0 80 140 217 220 0 182 0 0 0 0 0 0 0

61 198 100 32 16 4 5 2 1 0 0 0 0 75 156 92 19 7 6 0 4 0 0 0 0 0

61 105 130 157 158 148 202 134 210 0 0 0 0 53 102 132 140 139 177 0 168 0 0 0 0 0

49 34 7 1 0 0 0 0 0 0 0 0 0 21 18 1 2 0 0 0 0 0 0 0 0 0

73 100 187 236 0 0 0 0 0 0 0 0 0 63 112 177 167 0 0 0 0 0 0 0 0 0

20

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 0 3 2 1 1 5 1 0 0 0 0 0 0 1 5 6 0 0 0 0 0 0 0 0 0

0 0 140 123 108 176 165 179 0 0 0 0 0 0 130 127 106 0 0 0 0 0 0 0 0 0

0 62 18 0 0 0 0 0 0 0 0 0 0 0 35 8 0 0 0 0 0 0 0 0 0 0

0 102 120 0 0 0 0 0 0 0 0 0 0 0 113 113 0 0 0 0 0 0 0 0 0 0

3 14 7 10 6 0 1 0 0 0 2 0 0 3 18 9 7 6 1 0 1 0 0 0 0 0

76 98 120 114 121 0 136 0 0 0 183 0 0 49 88 109 126 116 223 0 170 0 0 0 0 0

2 12 5 3 1 1 0 0 0 0 0 0 0 7 18 4 1 0 1 0 0 0 0 0 0 0

99 133 108 191 216 218 0 0 0 0 0 0 0 80 140 217 220 0 182 0 0 0 0 0 0 0

61 198 100 32 16 4 5 2 1 0 0 0 0 75 156 92 19 7 6 0 4 0 0 0 0 0

61 105 130 157 158 148 202 134 210 0 0 0 0 53 102 132 140 139 177 0 168 0 0 0 0 0

49 34 7 1 0 0 0 0 0 0 0 0 0 21 18 1 2 0 0 0 0 0 0 0 0 0

73 100 187 236 0 0 0 0 0 0 0 0 0 63 112 177 167 0 0 0 0 0 0 0 0 0

less than $100,000current inventory: 29absorption rate: 3 months













Absorption RateRiv

ersid

e H

igh Sc

hool

21

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft

0 1 12 47 31 11 7 0 0 1 2 0 0 1 9 15 50 23 3 9 3 2 0 1 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 102 122 123 143 172 158 0 0 212 227 0 0 91 117 120 118 159 150 155 170 180 0 203 0 0

0 1 8 6 2 0 0 0 0 0 0 0 0 0 1 16 9 1 0 0 0 0 0 0 0 0

0 133 180 170 155 0 0 0 0 0 0 0 0 0 145 171 165 272 0 0 0 0 0 0 0 0

2 6 27 39 16 6 7 0 0 1 2 0 0 4 9 28 39 8 13 6 3 0 1 2 1 0

70 111 115 110 131 172 146 0 0 157 223 0 0 38 110 103 110 123 149 154 151 0 132 245 260 0

0 23 11 3 1 0 0 0 0 0 0 0 0 1 8 11 1 0 0 0 0 0 0 0 0 0

0 109 121 177 141 0 0 0 0 0 0 0 0 16 113 121 164 0 0 0 0 0 0 0 0 0

28 189 259 104 31 12 11 11 2 3 1 1 2 30 150 170 82 20 10 11 8 3 5 4 1 0

36 112 117 128 144 181 183 187 179 227 269 266 402 34 105 114 125 149 156 182 184 179 200 227 264 0

45 139 3 5 1 0 0 0 0 0 0 0 0 28 66 9 1 0 0 0 0 0 0 0 0 0

67 100 115 124 138 0 0 0 0 0 0 0 0 61 100 123 106 0 0 0 0 0 0 0 0 0

22

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 1 12 47 31 11 7 0 0 1 2 0 0 1 9 15 50 23 3 9 3 2 0 1 0 0

0 102 122 123 143 172 158 0 0 212 227 0 0 91 117 120 118 159 150 155 170 180 0 203 0 0

0 1 8 6 2 0 0 0 0 0 0 0 0 0 1 16 9 1 0 0 0 0 0 0 0 0

0 133 180 170 155 0 0 0 0 0 0 0 0 0 145 171 165 272 0 0 0 0 0 0 0 0

2 6 27 39 16 6 7 0 0 1 2 0 0 4 9 28 39 8 13 6 3 0 1 2 1 0

70 111 115 110 131 172 146 0 0 157 223 0 0 38 110 103 110 123 149 154 151 0 132 245 260 0

0 23 11 3 1 0 0 0 0 0 0 0 0 1 8 11 1 0 0 0 0 0 0 0 0 0

0 109 121 177 141 0 0 0 0 0 0 0 0 16 113 121 164 0 0 0 0 0 0 0 0 0

28 189 259 104 31 12 11 11 2 3 1 1 2 30 150 170 82 20 10 11 8 3 5 4 1 0

36 112 117 128 144 181 183 187 179 227 269 266 402 34 105 114 125 149 156 182 184 179 200 227 264 0

45 139 3 5 1 0 0 0 0 0 0 0 0 28 66 9 1 0 0 0 0 0 0 0 0 0

67 100 115 124 138 0 0 0 0 0 0 0 0 61 100 123 106 0 0 0 0 0 0 0 0 0













greater than $2,000,000current inventory: 3absorption rate: 18.8 months

Absorption RateJo

rdan H

igh Sc

hool

23

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft

0 3 58 122 81 25 12 4 0 2 2 0 0 0 11 51 86 29 13 5 1 4 0 1 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 133 130 140 137 145 172 168 0 164 188 0 0 0 127 125 140 134 167 167 167 197 0 140 0 0

0 10 2 0 0 0 0 0 0 0 0 0 0 0 10 3 0 0 0 0 0 0 0 0 0 0

0 110 136 0 0 0 0 0 0 0 0 0 0 0 108 125 0 0 0 0 0 0 0 0 0 0

0 15 63 57 38 25 16 10 5 0 0 2 1 2 17 56 38 32 25 15 7 2 0 0 1 1

0 106 134 147 136 143 155 178 160 0 0 179 204 42 94 131 142 126 132 139 169 172 0 0 181 250

0 7 17 0 0 0 0 0 0 0 0 0 0 0 11 13 0 0 0 0 0 0 0 0 0 0

0 114 148 0 0 0 0 0 0 0 0 0 0 0 111 149 0 0 0 0 0 0 0 0 0 0

11 68 60 47 24 14 11 2 2 1 1 0 1 8 57 52 43 15 18 7 2 2 2 2 0 0

48 106 126 140 141 149 154 182 175 152 167 0 228 62 108 122 137 146 157 163 150 238 148 159 0 0

2 15 14 2 0 0 0 0 0 0 0 0 0 14 10 7 1 0 0 0 0 0 0 0 0 0

75 110 112 149 0 0 0 0 0 0 0 0 0 54 107 119 141 0 0 0 0 0 0 0 0 0

24

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 3 58 122 81 25 12 4 0 2 2 0 0 0 11 51 86 29 13 5 1 4 0 1 0 0

0 133 130 140 137 145 172 168 0 164 188 0 0 0 127 125 140 134 167 167 167 197 0 140 0 0

0 10 2 0 0 0 0 0 0 0 0 0 0 0 10 3 0 0 0 0 0 0 0 0 0 0

0 110 136 0 0 0 0 0 0 0 0 0 0 0 108 125 0 0 0 0 0 0 0 0 0 0

0 15 63 57 38 25 16 10 5 0 0 2 1 2 17 56 38 32 25 15 7 2 0 0 1 1

0 106 134 147 136 143 155 178 160 0 0 179 204 42 94 131 142 126 132 139 169 172 0 0 181 250

0 7 17 0 0 0 0 0 0 0 0 0 0 0 11 13 0 0 0 0 0 0 0 0 0 0

0 114 148 0 0 0 0 0 0 0 0 0 0 0 111 149 0 0 0 0 0 0 0 0 0 0

11 68 60 47 24 14 11 2 2 1 1 0 1 8 57 52 43 15 18 7 2 2 2 2 0 0

48 106 126 140 141 149 154 182 175 152 167 0 228 62 108 122 137 146 157 163 150 238 148 159 0 0

2 15 14 2 0 0 0 0 0 0 0 0 0 14 10 7 1 0 0 0 0 0 0 0 0 0

75 110 112 149 0 0 0 0 0 0 0 0 0 54 107 119 141 0 0 0 0 0 0 0 0 0

less than $100,000current inventory: 4absorption rate: 3 months













Absorption RateNorthw

ood H

igh Sc

hool

25

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft

0 3 53 262 146 104 39 17 9 7 6 1 0 0 2 51 264 116 78 12 6 9 7 1 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 104 126 125 127 141 156 165 196 181 200 206 0 0 118 114 115 125 141 145 174 189 188 176 0 0

0 85 156 14 1 0 0 0 0 0 0 0 0 0 132 133 7 6 3 5 0 0 0 0 0 0

0 113 127 142 137 0 0 0 0 0 0 0 0 0 107 119 123 145 175 184 0 0 0 0 0 0

0 6 172 447 261 163 51 38 16 10 12 2 0 0 15 129 169 72 59 26 7 6 3 2 3 0

0 110 122 122 128 139 152 153 179 179 190 202 0 0 112 114 113 122 133 138 135 148 159 197 197 0

3 252 138 25 3 1 2 0 0 0 0 0 0 1 215 104 12 3 1 1 0 0 0 0 0 0

117 103 114 131 135 136 182 0 0 0 0 0 0 59 96 110 112 128 143 191 0 0 0 0 0 0

6 312 685 367 159 70 43 15 3 5 6 1 1 6 377 531 241 97 52 28 12 4 3 3 0 0

66 114 118 121 131 145 152 154 153 217 201 212 218 65 108 111 115 128 142 149 181 204 177 182 0 0

47 273 56 7 3 0 1 0 0 0 0 0 0 42 210 32 4 2 0 0 0 0 0 0 0 0

82 96 123 120 124 0 247 0 0 0 0 0 0 76 93 121 130 116 0 0 0 0 0 0 0 0

26

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 3 53 262 146 104 39 17 9 7 6 1 0 0 2 51 264 116 78 12 6 9 7 1 0 0

0 104 126 125 127 141 156 165 196 181 200 206 0 0 118 114 115 125 141 145 174 189 188 176 0 0

0 85 156 14 1 0 0 0 0 0 0 0 0 0 132 133 7 6 3 5 0 0 0 0 0 0

0 113 127 142 137 0 0 0 0 0 0 0 0 0 107 119 123 145 175 184 0 0 0 0 0 0

0 6 172 447 261 163 51 38 16 10 12 2 0 0 15 129 169 72 59 26 7 6 3 2 3 0

0 110 122 122 128 139 152 153 179 179 190 202 0 0 112 114 113 122 133 138 135 148 159 197 197 0

3 252 138 25 3 1 2 0 0 0 0 0 0 1 215 104 12 3 1 1 0 0 0 0 0 0

117 103 114 131 135 136 182 0 0 0 0 0 0 59 96 110 112 128 143 191 0 0 0 0 0 0

6 312 685 367 159 70 43 15 3 5 6 1 1 6 377 531 241 97 52 28 12 4 3 3 0 0

66 114 118 121 131 145 152 154 153 217 201 212 218 65 108 111 115 128 142 149 181 204 177 182 0 0

47 273 56 7 3 0 1 0 0 0 0 0 0 42 210 32 4 2 0 0 0 0 0 0 0 0

82 96 123 120 124 0 247 0 0 0 0 0 0 76 93 121 130 116 0 0 0 0 0 0 0 0













greater than $2,000,000current inventory: 6absorption rate: 75 months

Absorption Ratecary, M

orrisv

ille &

Ape

xAreas 0

05, 0

10, a

nd 0

15

27

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft


Number of Sales

Dollar per Sq Ft

0 4 31 40 17 28 50 41 19 5 8 0 0 0 9 42 28 27 41 19 15 3 1 3 1 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 135 109 136 147 169 172 177 203 208 254 0 0 0 125 114 128 159 162 178 193 223 144 249 230 0

0 84 39 8 5 8 1 0 0 0 0 0 0 0 121 62 21 10 4 0 0 0 0 0 0 0

0 113 127 149 187 174 184 0 0 0 0 0 0 0 107 117 199 243 156 0 0 0 0 0 0 0

0 3 39 41 34 26 14 15 5 3 8 3 0 0 11 35 31 30 23 13 5 8 4 2 2 1

0 137 123 133 148 154 169 178 173 187 196 277 0 0 124 107 123 141 147 162 199 196 197 201 235 295

8 235 157 42 9 3 3 4 0 0 0 0 0 20 188 99 25 11 1 1 2 2 0 0 0 0

79 106 122 187 215 167 215 230 0 0 0 0 0 72 103 128 170 197 150 275 245 264 0 0 0 0

21 405 537 333 140 83 40 23 14 9 11 0 2 48 370 444 239 111 47 30 16 9 3 7 2 2

70 112 135 151 173 178 181 194 197 207 217 0 536 58 106 132 144 170 174 167 184 195 185 229 526 324

277 504 101 36 9 1 1 0 1 0 0 0 0 193 379 54 25 5 2 0 0 0 0 0 0 0

69 102 146 153 151 234 174 0 279 0 0 0 0 66 97 133 135 171 161 0 0 0 0 0 0 0

28

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 4 31 40 17 28 50 41 19 5 8 0 0 0 9 42 28 27 41 19 15 3 1 3 1 0

0 135 109 136 147 169 172 177 203 208 254 0 0 0 125 114 128 159 162 178 193 223 144 249 230 0

0 84 39 8 5 8 1 0 0 0 0 0 0 0 121 62 21 10 4 0 0 0 0 0 0 0

0 113 127 149 187 174 184 0 0 0 0 0 0 0 107 117 199 243 156 0 0 0 0 0 0 0

0 3 39 41 34 26 14 15 5 3 8 3 0 0 11 35 31 30 23 13 5 8 4 2 2 1

0 137 123 133 148 154 169 178 173 187 196 277 0 0 124 107 123 141 147 162 199 196 197 201 235 295

8 235 157 42 9 3 3 4 0 0 0 0 0 20 188 99 25 11 1 1 2 2 0 0 0 0

79 106 122 187 215 167 215 230 0 0 0 0 0 72 103 128 170 197 150 275 245 264 0 0 0 0

21 405 537 333 140 83 40 23 14 9 11 0 2 48 370 444 239 111 47 30 16 9 3 7 2 2

70 112 135 151 173 178 181 194 197 207 217 0 536 58 106 132 144 170 174 167 184 195 185 229 526 324

277 504 101 36 9 1 1 0 1 0 0 0 0 193 379 54 25 5 2 0 0 0 0 0 0 0

69 102 146 153 151 234 174 0 279 0 0 0 0 66 97 133 135 171 161 0 0 0 0 0 0 0














Absorption RateCentral R

ale

igh

areas 0

01, 0

02, a

nd 0

04

29

300 Crimson Oak Drive

30 300 Crimson Oak Drive

Fine Homes

300 Crimson Oak DriveEqual parts of grand and gracious make this home a liveable

interpretation of regal design. A stately facade, grand foyer and liberal

use of detailed woodwork capture a European air. While multiple

fireplaces, tall windows and high ceilings foster a sense of intimacy that

makes spacious rooms feel cozy. Complementing the vintage details are

numerous present day necessities: a sizable heart-of-the-home kitchen;

a resort-like pool and water feature; the inclusion of state-of-the-art

technology as evidenced in the lower level theater. Requisite rooms

on the main level include a vaulted foyer, spacious dining, vaulted

study, generous living room, an open kitchen and hearth room and

luxurious master suite. Constructed by Tripp Loyd, owners will have

the confidence that every detail was attended to, every system honed

to perfection and that ultimate quality will make homeownership a

pleasure for years to come.

31

Offered at $1,350,000

5038 Heated Sq Ft / 1069 Sq Ft Porch, Patio and Terrace

Five Bedrooms, Four Full and One Half Baths

Sited on .53 Acres in Colvard Farms

3230

1010 Maple Ridge

32


5232 Heated Sq Ft / 885 Sq Ft Porches & Patio

Four Bedrooms, Five Full Baths

Sited on 3.74 Acres in Chapel Hill School District

Arts and Crafts is more than a decorating style. It is a philosophy that

embraces the use of natural material and effects. It harkens back to the

fine workmanship seen in the days of the guild system. 1010 Maple

Ridge is an exemplary model of true Arts and Crafts construction.

Natural nuances include the interplay of deep cherry and reflective

maple wood mouldings as they encase ceilings, staircases, walls and

windows. Built-in window seats, bookcases, inglenooks and sideboards

are as functional as they are charming. Each room, from entry to

bedroom, possesses a character and style that is unique and refreshing.

The stunning kitchen has all the modern requisites to please the most

discriminating chef. Every bedroom has a separate bath with tile that

reflects its mood and theme. Abundant porches and patios provide

vantage points to appreciate the 3.74 acre double lot. Friendly

neighbors enjoy monthly block parties. Here is a house to treasure.

3333

1010 Maple Ridge There are luxury properties, and then there are properties that are in a

class of their own. Envision an equestrian estate that features 12 acres

of land, where your horses can roam and you can ride and explore

on a daily basis. And situated far back from the street view in its own

haven of privacy is this stunning all-brick Georgian style home. It’s hard

to imagine all of this in Hillsborough, NC – just a few miles from the

charming downtown area – but it’s true. The in-ground, concrete pool

in the backyard offers a cool way to unwind after a day of riding. But

inside, views to graciously sized rooms allude to the grandeur of the

home. Pine floors, three fireplaces, a full unfinished basement with

abundant storage, a large and bright sunroom, a paneled study with

built-in bookcases, and second floor balconies overlooking stone

terraces and the pool all accent this superb home in addition to its

abundant living space.

33

5915 St. Mary’s Rd.


4921 Heated Sq Ft and a 4 Stall Horse Barn

Four Bedrooms, Four Full and Two Half Baths

Sited on 12.01 Acres Near Hillsborough and Duke University33

34

3206Trailwood Drive


4936 Heated Sq Ft

Five Bedrooms, Five Full Baths

Sited on 1.23 Acres in Croasdaile Farm

European styling infuses this home with a French Country flavor and

the enduring beauty of classic architecture. Features such as a capped

cupola, a handmade knotty alder front door, and board-and-batten

shutters add a layer of interest and continental ambience. Tennessee

fieldstone and earth-toned brick convey a sense of permanence and

stability. Inside, details create the character of the living space ~ the

workmanship is evident in fine mouldings, the graceful sweep of an

arch, and a curved balcony overlook that regally lifts the eye from the

entry foyer to the upper level. Owners will appreciate the second

story veranda, screened porch and covered patio with private tree-

top vistas. Open public rooms and private personal areas are found

on each of the three levels. The master bedroom is on the main level;

the lower level offers a large recreation room with fireplace and bar, a

bedroom suite and private garage entrance.

35

3100 Cornwall Road

Offered at $862,500

5101 Heated Sq Ft

Four Bedrooms, Three Full and One Half Baths

Sited on 1.01 Acres, a short walk to Hope Valley Country Club

Galleries, sunken solariums, symmetric living and family rooms,

long catwalks overlooking lower level living spaces – using vaulted

ceilings, skylights, recessed lighting and Pella casement windows with

spectacular views to mesmerize with dramatic luminous techniques –

are all architectural elements and careful considerations utilized in the

design of this modern, sleek home. Although this residence begins with

lush, green landscaping set within a rolling terrain mirroring the Hope

Valley community in which it is located. Inside, the foyer first introduces

the tone for intricate lighting effects with a transom window over the

double front door. Clerestory windows above the upper level gallery

and four skylights drench the home in natural light. An immaculate

kitchen with well-appointed amenities will surely please any chef. With

an open and spacious floor plan, your lifestyle and family size will easily

be accommodated.

363638

2537 Bittersweet Dr. This brick Georgian home one’s eye is first drawn to the details that

were considered in its design and the requisite features to complete

it – clean, uncluttered lines and spacious rooms throughout. Ten foot

ceilings, hardwood flooring and intricate woodworking dominate the

main level. Architecturally carved columns with wainscoting grace

entryways between rooms and five-piece crown moulding. Plantation

blinds in both the formal front living room and dining room help to

regulate sunlight and temperature in an upscale fashion. The master

suite found on the main level where its far exterior wall is anchored with

glass doors providing access to the backyard brick patio with overhead

trellis. A tiered retaining wall distinguishes the lush, verdant lawn from

the rolling greenspace and tree line beyond. Although the home is

set on a hill majestically vaulted over the street level below, the flat

backyard presents a great place for children to play.

Offered at $850,000

4595 Heated Sq Ft


Sited in Croasdaile Farm38

37

4004 Sapling TrailThis equisite low country home is a hybrid of Southern hospitality

and modern convenience. The layout caters to family gathering

and entertaining with a degree of formality and space definition.

A traditional center-hall leads to the coffered great room which is

anchored by the handsome stone fireplace pictured here. The kitchen

and dining areas feature a second fireplace and wet bar. They open to

exquisite gardens and a grand screen porch with the third fireplace.

Behind the kitchen lies a charming and spacious utility area which

houses a built-in desk and cabinetry. The grand master suite is on the

main level, while three other bedrooms and two baths along with a

bonus room are located upstairs. This dynamic, livable plan was custom

designed and constructed by Will Johnson, an acclaimed Chapel Hill

builder. Over 1,600 sq ft of outdoor living areas are all designed to be

maintenance free. Amenities abound in this special home.

Offered at $850,000

3604 Heated Sq Ft / 1604 Sq Ft Porches and Patios


Sited on 10.06 Acres in the Tree Farm Community

37

4004 Sapling TrailThis equisite low country home is a hybrid of Southern hospitality

and modern convenience. The layout caters to family gathering

and entertaining with a degree of formality and space definition.

A traditional center-hall leads to the coffered great room which is

anchored by the handsome stone fireplace pictured here. The kitchen

and dining areas feature a second fireplace and wet bar. They open to

exquisite gardens and a grand screen porch with the third fireplace.

Behind the kitchen lies a charming and spacious utility area which

houses a built-in desk and cabinetry. The grand master suite is on the

main level, while three other bedrooms and two baths along with a

bonus room are located upstairs. This dynamic, livable plan was custom

designed and constructed by Will Johnson, an acclaimed Chapel Hill

builder. Over 1,600 sq ft of outdoor living areas are all designed to be

maintenance free. Amenities abound in this special home.

Offered at $850,000

3604 Heated Sq Ft / 1604 Sq Ft Porches and Patios


Sited on 10.06 Acres in the Tree Farm Community

39

36

2545 Bittersweet Dr. To imbue a truly timeless quality, a home must pay homage to its

roots, look forward into the future, all while being firmly embedded

in the present. It is a balancing act of form, function and aesthetics that

few homes actually achieve. Here, the balance is struck with quality

materials, classic style and handcrafted details. The classic Southern

exterior with a graceful front porch and bead-board ceiling immediately

conjures up a sense of relaxation and comfort, while the vaulted ceilings

of the foyer and family room create a sense of light and openness. A

spacious and well-appointed kitchen displays quality materials such as

Legacy cabinets, granite countertops and an accented tile backsplash.

Dual fireplaces in the home are reminders of time past, while acting

as beautiful centerpieces of modern design. An exquisitely landscaped

patio and deck area combined with a graciously sized screened porch

make outdoor living a treat.

Offered at $825,000

4202 Heated Sq Ft


Sited on .79 Acres in Croasdaile Farm

3838

37

3804 Sweeten Creek We all hear many superlatives in advertising and this home lives up to

them all. It has everything from an exemplary location to perfection

of style and condition. A home with a gorgeous view from the street

sets the tone for even better things to come. The circular drive leads to

a two-story entry and loft. Hardwood floors on the lower and upper

level, high vaulted ceilings, a dynamic kitchen, irrigation system, private

well for irrigation, whole house water filter, trash compactor, instant hot

water dispenser and six bedrooms plus a bonus room grant elegance,

great amenities and refined living. Situated in the Chandler’s Green

neighborhood in north Chapel Hill, enjoy the convenience of proximity

to Historic Hillsborough, Durham, Downtown Chapel Hill and I-40. Fine

dining, shopping, sporting events, attractions and university life are just

moments away. Who could ask for anything more? Space, style and

substance.

Offered at $825,000

4808 Heated Sq Ft

Six Bedrooms, Four Full and One Half Baths

Sited in Chandler’s Green

39

4242

3644 Laurel Creek

Offered at $750,000

6073 Heated Sq Ft

Four / Five Bedrooms, Five Full Baths

Sited on 2.65 Acres in the Eno Woods

Creating a warm and inviting home does not happen by accident. The

careful consideration of site, setting, floor plan and materials must all

work in harmony to design a home that invokes a sense of permanence

and warmth. Here, a brick and stone exterior mesh with the surrounding

landscape to add refined character. Inside, high ceilings draw the eye

through arched openings that delineate the formal living and dining

areas. Throughout the house, there are private areas for contemplation,

reflection and rest, and public rooms for laughter, games and fun.

Over 6,000 sq ft provides space for generous multi-functional rooms

throughout. The second floor baths have just been remodeled with

granite counters, glass tile and sleek, modern design. The entrance to

the Eno River State Park is a short walking distance away. Living near a

sanctuary such as this is a joy, a wonder and a privilege. Close by is Duke

University, outstanding dining and shopping.

40

109 Palmyra PlaceAbundant windows and doors plus a layout designed with comfort

in mind make the most of refreshing, captivating views. Come inside

and discover an inviting spot to relax and unwind. The family room, the

kitchen and the breakfast room are designed to make you feel like you

are amidst a garden of serenity with abundant windows strategically

placed to allow in plenty of sunlight while granting gorgeous sightlines

of the immaculately manicured grounds with a mesmerizing water

feature towards the rear of the property. The upper level of this home

provides the versatility needed when it comes to family living. No

matter how big yours is, plenty of room exists for all of your needs – in

fact, this home is deceptively large, with more and more rooms and

living space unfolding as you navigate through. Situated on a quiet cul-

de-sac lot in Silver Creek, this home boasts a floor plan with open flow

and abundant space as its theme.

Offered at $748,000

4326 Heated Sq Ft


Sited on .50 Acres in Silver Creek 41

20 Al Acqua

424242

18 Cortona DriveLive life to its fullest in this stunning one level home in a beautiful

Italian style. Quality craftsmanship and attention to every detail – deep

inset trey and vaulted ceilings, exceptional building materials, full size

baseboards and crown molding, immaculate landscaping, stunning

views through an abundance of windows, granite countertops and

Viking appliances – merge to serve as a palette for the home you’ve

always dreamed of. An open and flowing floor plan creates ease of

movement and interaction, allowing entertaining to be an enjoyable

option. The great room, with built-in wet bar area, encourages family life

and time spent together. And outdoor relaxation is always welcomed

with a screened porch and a paverstone patio perfect for grilling.

Located in Maida Vale, a community influenced with a Mediterranean

style, located in the middle of Chapel Hill and Durham, a great lifestyle

can blend with a great home.

Offered at $600,000

2853 Heated Sq Ft

Three Bedrooms, Three Full and One Half Baths

Sited on .22 Acres in Maida Vale42

20 Al Acqua Upon entrance through the sturdy mahogany doors with wrought

iron embellishments into the light-filled and open rooms, it is obvious

you are walking into a home well built. The soaring cathedral ceiling,

white oak hardwoods and abundant clearly defined living space ring

out with a sense of permanence and purpose. Exposed beams in the

kitchen add a rustic flair, while the granite countertops and backsplash

reflect natural light around the room. The kitchen and adjoining bar

area open directly to the great room. A confluence of outdoor views

entices you out to the loggia, or covered patio. It is ideally situated to

be an intricate part of the living space. The master suite lifts the eye and

spirits with a trey ceiling, and the soul with a spa-like master bath. In

addition, there are two bedrooms on the second level. Each bedroom

has a gracious walk-in closet and its own bath. A sun-filled recreation

room completes the area.

Offered at $600,000

3002 Heated Sq Ft



44

12 Wedgewood RoadConstructed in the cottage style, 12 Wedgewood heightens awareness

of the sensual qualities of niches and nooks, of heart pine floors and

integrated bookcases, and of relationship with the landscape. Window

seats, carved and crafted woodwork, and tall windows pair with the

patio, porch, sunroom, garden and deck ... all in tune with the setting.

The home's lyrical nature strikes a deep chord. An oversized kitchen with

granite counters, a gas stove, Miele dishwasher, crisp white cabinets

and generous sitting area create an area where family members gather,

stories are told and memories are made. The master bedroom is on

the main level. New owners will appreciated its updated bath with

travertine, porcelain tile and leaded glass transoms. Three bedrooms

are located on the upper level along with the handsome recreation

room seen here. Note the cherry floors and bookcases. Enchanting

and layered with charm, updated and ready to endure ... a treasure.

Offered at $575,000

3487 Heated Sq Ft

Four Bedrooms, Two Full and Two Half Baths

Sited on 1 Acre in Sedgefield, Chapel Hill Schools

3345

15 Treviso PlaceFirst impressions always matter. They become our frame of reference

for everything that follows. Though it may evolve over time, it is that first

impression that is the harbinger for what’s to come. When walking up

the curved flagstone porch to approach the mahogany front entryway,

the first impression resounds with “Excellence.” Entering the home, it is

immediately obvious that it was designed to make the maximum use

of natural light. Arched windows in the formal living room match the

curvature of the front door. Exposed beams running through both the

living and dining room accent the ten-foot ceilings found throughout

the main level of the home. From the dining room, two door-sized

windows open to the private courtyard. The formal spaces in the home

are also punctuated by doric columns. Architecture with style, elegance

and sophistication blends with a charming old world atmosphere that is

warm, inviting and casual.

Offered at $550,000

2884 Heated Sq Ft



201 Villa DriveLocated in the Treyburn community of Durham, this exquisite villa with

a private courtyard pool and covered walkway colonnade has recently

undergone extensive renovations – windows have been replaced

throughout, a new roof has been upgraded, and the electrical and

plumbing have been updated. The interior has even been refreshed

with new carpet and paint. And the kitchen boasts new dual ovens and

a new dishwasher. For the wine enthusiast, a wine cellar is located near

the front entry. High ceilings offer tall windows and dramatic views of

the golf course. Each bedroom is en suite, with three bedrooms found

on the second level and the master on the first level. The master suite

connects to a spacious office with a built-in wrap-around desk area

and bookcases. Dual private master bathrooms with their own closets

connect by an area featuring a deep, six-jetted tub and separate

shower. An amazing opportunity for refined living.

46

Offered at $550,000

4191 Heated Sq Ft

Four Bedrooms, Four Full and One Half Baths

Sited in Treyburn, with Golf Course Views

313 Edgewater CircleA first impression is always lasting, and this home extends one of an open

and welcoming nature – first introduced by the front “rocking chair”

porch where greeting neighbors passing by becomes a natural gesture.

Inside, a circular flow between living spaces in a logical progression

makes entertaining an easy endeavor. Site finished hardwood floors

found throughout the downstairs make an elegant statement while the

wood-burning fireplace in the family room adds a warming ambiance.

The second floor is reserved for personal retreat with the master suite,

two additional bedrooms, a bonus room and a study. Just outside the

master suite is access to the upstairs porch. And with the importance of

location, this home is in the heart of the ever-popular Southern Village,

a fine example of a contemporary community designed to offer a full

array of conveniences along with the more elusive charm of an “old-

fashioned” neighborhood.

Offered at $525,000

2972 Heated Sq Ft

Three Bedrooms, Two Full and One Half Baths

Sited on .13 Acres in Southern Village 47

3230

100 Ledford CourtAmazing homes are always found in amazing locations. And this

traditional style home is no different. Sited on a cul-de-sac lot in the

Fairfield neighborhood, it represents family life – and just minutes

from the shopping and dining of Southpoint in the heart of Durham.

An open floor plan is evidenced all throughout the lower level,

creating ease of movement and allowing rooms to interact with each

other. Having both a living room and a family room encourages formal

entertaining. Four bedrooms (including the master suite) and a bonus

room upstairs allow for private living. The spacious master suite boasts

a trey ceiling, adding dimension and elegance. Bay windows in both the

master bedroom and breakfast room overlooking the back property

create charm. Newly painted, new Pergo floors in the kitchen and family

room and new carpeting on the upper level are recent upgrades to a

home that is already in pristine condition.

Offered at $285,000

2938 Heated Sq Ft

Four Bedrooms, Two Full and One Half Baths

Sited on .28 Acres in Fairfield48

33

323 East ColumbiaAn eclectic mix of chic contemporary and earthy traditional – welcome

to a home that exudes a modern, contemporary feeling...from the

hardwood floors found throughout the downstairs to the wood-

burning fireplace with marble hearth and surround, up to the sleek,

stainless ceiling fan and skylights above. The vaulted ceiling in the living

room extends through the second level and creates a laid back style of

living. Banks of windows drench this living space with glorious sunlight,

ideal for all seasons. Upstairs, two bedroom suites are separated by

a carpeted loft area – perfect if you have a roommate. All-in-all, this

townhome offers room to breathe and a chic space to relax in, and

is all about lifestyle – situated strategically right in the middle of the

quintessential college town of Chapel Hill. Just a short distance to

quaint coffee shops, wine bars and restaurants on Franklin Street, your

social life will thank you.

49

Offered at $289,000

1620 Heated Sq Ft

Two Bedrooms, Two Full and One Half Baths

Sited in Columbia Place, Walking Distance to Chapel Hill

The Brookview neighborhood is beautifully sited between

Eastwood Lake and the Cedar Falls Park on the north side of

Chapel Hill. Cedar Falls Park has a playground, tennis courts,

and extensive walking trails through a typical upland forest

in Piedmont North Carolina. Learn about the native plant

life, look for crawfish and tadpoles in Cedar Falls Creek, or

just enjoy communing with nature. An array of shopping and

dining is convenient. Neighborhood Chapel Hill schools are

nearby.

655 Brookview Road $255,000

.79 acres

cul-de-sac lot

basement lot

Brookview

50 49

Land

Photograph from the Museum of Life and Science

51

Land

Home and Land

Main level

Upper level

The Drees Premiere Built Wyngate Plan

The floorplan featured above can be built at 655 Brookview for $686,980. Go to the Drees website, www.DreesHomes.com, and click on “Build On Your Lot” for building specifications,alternative plans and pricing.

Foyer

Garage

Study

Dining

Room

Kitchen

Breakfast

Room

Family

Room

Owner’s

Suite

LaundryOpen

to Below

Loft

Bedroom

2

Bedroom

3

Bedroom

4

52

Honor Bilt

Sears, Roebuck and Company

“During the past few years there

has been a tremendous demand for

substantial and comfortable homes

for an industious and trifty people.

We offer you dependable qualities in

a house, building materials at prices

that are as reasonable as we can make

them, and we place at your command

the services of an organization that

has been perfected to a high degree of

efficiency.”

SearS, roebuck and company

1931

Modern Homes

Sears, Roebuck and Company MagnoliaThe Magnolia was one of the largest Sears Homes. It was featured on the cover of

their 1938 Home Catalogue and sold for $5,849, “already cut and fitted.” The Magnolia below is located in Benson,

North Carolina. It was described in the Sears Catalogue as,

“a close resemblance to Henry Wadsworth

Longfellow’s Cambridge

Massachusetts,

residence.”

53

54

The year was 1908 and America was soon to see many changes. There were only 8,000 cars and 144 miles of paved roads in the nation. Ford Motor Company introduced the Model T for $825, making automobiles affordable to more people. And suburbs expanded. The average wage was 22 cents an hour. Electricity was in its infancy. In 1910, only 10% of homes had electricity, but by 1930 that number was 70%. Many young families lived with their parents or grandparents. Boarding houses were also very common.

Frank W. Kushel, an uncelebrated contemporary of Frank Lloyd Wright, began his impact on American housing in 1908. In 1906, Kushel was managing the china department for Sears, Roebuck and Company. He was asked to take over the unwieldy, money losing building materials department. Sales were down and excess inventory was sitting in expensive warehouses.

Kushel was no architect, but he was clever at merchandising. He was convinced that the building supplies could be sold at a profit if storage could be centralized and the goods distributed in a coordinated package. One order could include everything . . . nails, screws, paint and roof shingles, windows and doors, woodwork, staircases and mantlepieces. And since the Sears' 500 page merchandise catalogue already sold everything needed to furnish a house, the sale of all those items would increase, too.

Kushel’s boss, Richard Sears, recognized the plan’s potential immediately and so did the buying public. Sears’ reputation for quality, low prices, and reliability, carefully nurtured since the company’s founding in 1886, was like money in the bank for its customers. The company’s first Book of Modern Homes and Building Plans was issued in 1908 and brought immediate and enthusiastic response. Sears was not the first to offer catalogue homes, “Aladdin Houses” of Bay City, Michigan was two years ahead. But they did not have the Sears reputation or audience. Richard Sears grew up in a rural community, very few of which had electricity. Lumber was cut by hand saw and the process was both tedious and time consuming and required a degree of expertise and strength. One Sears ad said, “ You can hang your saw on a nail all day.”

A House of Your own

In 1914, Sears began to offer a house kit. It included building plans and specifications along with the lumber and any other materials needed. The shipment included nails, screws, paint, staircases and windows. It did not include bricks and cement blocks because they would be cheaper to procure locally than to send by rail. Sears always furnished estimates of the finished cost of the house, including labor.

RENT RECEIPTS, OR A HOUSE OF YOUR OWN? The low prices and wide selection of designs in this book place a home within the reach of everyone. By our system you get your materials at manufacturer’s cost with one one profit added. Let your rent money pay for your home and in a few years you will have no more rent to pay.

We Need Your Good Will We would like you to know that when you purchasea house from us, w not only have your best interests in mind, but our own reputation. We want the house we sell you to be so good that you will be a frend and customer of ours forever afterward. We want to supply furnishings for this new home of yours. Don’t you see that it is a much to our interests as it is to yours that we save you money on your new home and furnish materials of which you and your friends will be proud?

Square Deal Assured

If you are a customer of ours, we don’t need to tell you how big or reliable we are. YOU KNOW. But if you have never dealt with us, then any one of six millions of your fellow citizens, dealing with us and scattered over the entire country, will tell you that you can get a square deal from Sears, Roebuck and Company.

odern Homes Catalogues were issued from 1908 until 1940, sometimes as often as twice a year. Originally the plans were assigned numbers, but were later named with titles that often suggested a style to accompany the attractive illustration. The styles were deliberately conservative rather than innovative. In the 1910’s, plans focused on a simplified Queen Anne, Arts & Crafts Bungalows and Foursquares. The 1920’s introduced the Colonial Revival, Cape Cod Cottage, Dutch Colonial, and European Revivals.

In over 32 years of production, Sears offered 447 floorplans that were both efficient and attractive, maximizing the usability of limited space. They were equipped with the most sought after conveniences of the time, including built-in china cabinets, dining

M

55

56

nooks, kitchen cupboards, built-in ironing boards, telephone niches, and medicine cabinets. Some of these amenities came as a part of the package, while others were options. Sears encouraged potential buyers to customize their designs with the aid of Sears' architectural department. They could flip a floorplan, change a roofline, add or subtract a room, a porch or a window, use a different entry detail, or expand room sizes. The house would still come pre-cut and ready to assemble.

Honor Bilt

The term “Modern Home” was part of the early 1900’s vernacular. It was a descriptive term indicating that a house had a centralized heating system, electricity and indoor plumbing, amenities that we take for granted today.

Sears offered different grades of housing, but their highest standard, and most popular, was the Honor Bilt Home.

●

●

“In this illustration we show one of our 5 800 ft. double decker lumber warehouses where 40 acres are devoted to the sorting, manufacturing, and shipping of lumber. Here you can see that all our lumber, even including that which is used for framing, is kept clean

and dry, free from rot or discoloration.”

Sears Roebuck 1926

1. Rafters, 14 3/8 inches apart

2. Double Plates over doors and

windows

3. Double Studdings at sides of

doors and windows

4. Three Studs at corners

5. Outside Casing 1 and 1/8

inches thick

6. High Grade wood sheathing

7. Double Floors with heavy building

paper between the subfloor and

finished floor

8. 2x8 inch joists, 14 3/8 inches apart

9. Studdings, 14 3/8 inches apart

10. Best Grade of Cedar Shingles or

Fire-Chief Shingle Roll Roofing,

guaranteed for 17 years

11. All outside Paint, 3 coats; shingle

stain, 2 brush coats

57

Honor Bilt" the Andara "

Sears was proud of their reputation athe quality of the products that they offered. Sears used first growth lumber for their homes. “First growth lumber” is a name given to wood which grew slowly in natural forests. The slower wood grows, the denser the grain and the stronger the wood. The yellow pine framing members that support the century old Sears homes is harder and denser than today’s “hardwoods.” Owners frequently attest that it is nearly impossible to drive a nail into any of the framing with out pre-drilling a hole. Cypress, “the wood that lasts for centuries”, was used for outside finish. Interior floors were typically oak on the first floor, maple in the kitchen and bath, and yellow pine on the second floor. For an additional $15 you could upgrade the bathroom floors to ceramic tile laid in cement.

Sears lumber was stamped with a letter and a number (ex. B761). These numbers, coupled with the 75-page leather bound instruction book, enabled novice homebuilders to assemble 30,000 pieces or more to construct their home.

The Andara, pictured on this page, was built in Chapel Hill in the 1920’s. Two box cars of materials were delivered to the Carrboro train station. The owners had 24 hours to unload the box cars. Even though cars and trucks were more prevalent than a decade earlier, the short time to unload was an exciting challenge for many new homeowners.

The charming Andara was known for its twin fireplaces ensconced with handsome cabinetry and high windows for cross ventilation.

1. Rafters, 14 3/8 inches apart

2. Double Plates over doors and

windows

3. Double Studdings at sides of

doors and windows

4. Three Studs at corners

5. Outside Casing 1 and 1/8

inches thick

6. High Grade wood sheathing

7. Double Floors with heavy building

paper between the subfloor and

finished floor

8. 2x8 inch joists, 14 3/8 inches apart

9. Studdings, 14 3/8 inches apart

10. Best Grade of Cedar Shingles or

Fire-Chief Shingle Roll Roofing,

guaranteed for 17 years

11. All outside Paint, 3 coats; shingle

stain, 2 brush coats

5858

§

§

Richard Warren Sears

Richard W. Sears was born in Stewartville, Minnesota. His father was a blacksmith and wagon maker. During his boyhood in Spring Valley, Sears befriended Almanzo Wilder, the future husband of Laura Ingalls Wilder. After learning telegraphy, Sears entered the service of the railroad. He became station agent for the St. Louis Railway in Redwood Falls, Minnesota. In 1886, a shipment of gold-filled watches from a Chicago manufacturer was refused by a local retailer. Sears recognized the opportunity. The over 100 different time zones in America were a railroad nightmare. Often, time was determined by the placement of the sun. With national synchronized time zones the demand for watches would surely increase. Richard Sears turned a $50 investment into $5,000. He felt so confident that he founded the R.W. Sears Watch Company. He hired watch repairman, Alva Roebuck, to repair any watches that were returned. They became partners and formed Sears, Roebuck and Company in 1893. By 1897 their 500 page catalogue offered everything from clothing to silverware and plows. Sears catered to the rural customer because, having been raised on a farm, he knew what they needed. His railroad experience taught him shipping. In 1908, after initiating the Sears Modern Homes catalogue sales, Richard W. Sears retired to care for his wife, suffering from failing health. He died in 1914.

IIn Vaucresson, France, an affluent suburb between Paris and Versailles, there is a prestigious property that is distinctly different from its Gallic neighbors. A full-scale reproduction of Mount Vernon, George Washington’s Virginia residence was approved by the U.S. government and built by Sears, Roebuck and Company as the 1931 pavilion for the Exposition Coloniale Internationale De Paris (World’s Fair). Mount Vernon was selected as a tribute to the Marquis de Lafayette. Charles K. Bryant from Richmond, VA was selected as the architect, because he had designed a replica of Mount Vernon for an exhibition in 1915. The government awarded the construction to Sears upon their promise to complete the building in a few short months. The ultimate cost was $75,495. Sears, Roebuck and Company demonstrated American industrial efficiency by building the 11,000 sq ft mansion in less than two weeks. Numbered pieces were shipped by boat to France. Every detail of the historic mansion was reproduced including the portico, balustrade, and a pediment with an oculus. On the roof was an eight-sided wooden cupola. Inside, Sears copied all brass and bronze hardware, mantlepieces, stairs, trim, and cabinets. The speed and efficiency in which the exhibit was constructed was considered a miracle . . . a Sears advertisement boasted, “just everyday stuff for us Yanks.”

The three-story mansion still stands and was recently offered for sale for twenty-seven million dollars.

Sears began offering mortgage loans for their houses in 1911. Easy payment plans made homebuying attainable for masses and loan qualification was very lax. A 1920’s Sears mortgage application asked a few simple questions about the house and lot, but only asked one financial question: “what is your vocation?”

World War I, the war to end all wars, ended in 1918 and soldiers returning home found a severe housing shortage exacerbated by the flood of immigrants pouring in through Ellis Island.

The sale of Sears Modern Homes skyrocketed in the 1920’s. By 1931, Sears had sold 57,000 home kits throughout the country. For the next few years there were stops and starts. But, the losses of 1932 marked the beginning of the end. The Great Depresion had taken its toll.

In 1934, Sears liquidated more than $11 million of their home mortgages. Foreclosing and evicting Sears' best customers from their homes became a public relations nightmare.

Between 1932 and 1940, Sears probably sold another 15,000 to 20,000 homes. When the last Sears Modern Homes catalogue was issued in 1940, Sears had sold approximately 75,000 homes. Frank Kushel remained with the project until the end.

Future generations would rediscover these Sears homes and fall in love with them, all over again.

5959

In Vaucresson, France, an affluent suburb between Paris and Versailles, there is a prestigious property that is distinctly different from its Gallic neighbors. A full-scale reproduction of Mount Vernon, George Washington’s Virginia residence was approved by the U.S. government and built by Sears, Roebuck and Company as the 1931 pavilion for the Exposition Coloniale Internationale De Paris (World’s Fair). Mount Vernon was selected as a tribute to the Marquis de Lafayette. Charles K. Bryant from Richmond, VA was selected as the architect, because he had designed a replica of Mount Vernon for an exhibition in 1915. The government awarded the construction to Sears upon their promise to complete the building in a few short months. The ultimate cost was $75,495. Sears, Roebuck and Company demonstrated American industrial efficiency by building the 11,000 sq ft mansion in less than two weeks. Numbered pieces were shipped by boat to France. Every detail of the historic mansion was reproduced including the portico, balustrade, and a pediment with an oculus. On the roof was an eight-sided wooden cupola. Inside, Sears copied all brass and bronze hardware, mantlepieces, stairs, trim, and cabinets. The speed and efficiency in which the exhibit was constructed was considered a miracle . . . a Sears advertisement boasted, “just everyday stuff for us Yanks.”

The three-story mansion still stands and was recently offered for sale for twenty-seven million dollars.

60

North Carolina Museum of Life & Science

Over sixty years ago, about 1946, a group of dedicated volunteers began Durham, North Carolina’s first trail-side nature center. Known as the “Children’s Museum,” the center flourished, and soon a collection began with dinosaur fossils and minerals. At the same time, in 1947, construction began on the University of North Carolina, Chapel Hill’s campus for the Morehead Planetarium. It was there that astronauts began training for space flights. Between 1959 and 1975, nearly every astronaut who participated in the Mercury, Gemini, Apollo, Skylab and Apollo-Soyuz programs trained at Morehead. The fever of space exploration and astronauts who trained in Chapel Hill motivated the search for an aerospace exhibit. Due to this focus on space exploration and training, a kind soul rented a truck to haul the now-famous landmark Mercury Redstone rocket from Alabama to its new home on Murray Avenue in Durham to grace the exterior of a burgeoning indoor/outdoor museum.

6161

North Carolina Museum of Life & Science

PrePAre

to be

entHrAlled

62

where learningis fun

minds expand

63

The 1970’s marked a period of expansion that included a name change to the North Carolina Museum of Life and Science and outdoor exhibits for large animals. Aerospace and Geology exhibits were expanded, and the Ellerbe Creek Railway was installed. The County of Durham appropriated operating funding for the first time in 1973, and the NC General Assembly provided capital support for facility improvements.

In 1986, a comprehensive Master Plan was devised introducing a second major period of growth in the Museum’s history. First, construction of an indoor Nature Center, featuring live North Carolina animals, was completed. In 1991, the Museum completed its Mercury Meeting Room, temporary exhibit gallery, expanded lobby and gift shop, new discovery rooms and an additional 6,000 square feet of exhibit space. This included a real Apollo Space Capsule, a full-scale Lunar Lander and a 13-foot tornado. The Lab provided a place for hands-on experiments and observations for many children. 1993 marked the completion of the Science and Technology Wing including a range of programs in the natural and physical sciences making the Museum one of the premier centers of informal science in the country.

An area called Soundspace allows visitors to explore how movement affects what you hear and see. For children 6 and under, Play to Learn gives them the opportunity to learn as they play. For children who enjoy building, Contraptions offers them the use of pulleys, ramps, catapults and more as they design their own contraptions.

Future thinking of how the Museum might grow using its 84-acre campus emphasized expansion of natural science learning opportunities. Strategic plans resulted in the development of a two-phase interactive science experience dubbed BioQuest, one that the National Science Foundation proclaimed would become a “national model,” the first science center expansion linking people with plants, animals and interactive exhibits in the

out-of-doors.

and Quality Time has Meaning for

Children & Adults

64

Phase One began with the now beloved Magic Wings Butterfly House, an outstanding three-story tropical conservatory that is regarded as one of the nation’s finest. Bringing visitors into intimate contact with exotic butterflies in a tropical indoor environment, the facility also supports over 200 tropical plant varieties. One of the largest museum butterfly houses in the Southeastern U.S., the 5,000-square-foot tropical conservatory is encased with an additional 13,000 square feet of learning labs and the Bayer CropScience Insectarium, which officially opened in March 2000. The Insectarium features a rare assortment of exotic insects from around the globe, making it one of the top destinations of the Southeast to admire entomological life cycles.

from camouflageto brilliant

color

As you approach the Butterfly House, stroll through the Farmyard. This has been a popular family tradition for more than a generation. The Museum’s farm animals are from both common and rare breeds. They include four alpacas, two pigs, a donkey, a Jersey steer, two rabbits, an owl and a collection of goats.

65

Phase Two of the BioQuest expansion plan included several exhibits. The National Science Foundation validated the quality of this one-of-a-kind outdoor learning experience with a $2 million grant. The people of Durham County offered resounding support for this

project with over $11 million in bond funding.

Explore the Wild opened in 2006. It offers a study of black bears, red wolves and exotic lemurs. There is also a 750-foot deck and lookout over a 2-acre wetland habitat. Catch the Wind opened in 2007. It gives visitors the opportunity to understand the important role wind plays in the natural world. Several hands-on activities are designed to help visitors discover how people, animals and plants move with the air. Dinosaur Trail opened in 2009, thanks to private support of over $800,000 to supplement the $675,000 secured in Durham County Bond Funds. It takes the visitor into the world of late Cretaceous, North American dinosaurs. Included in this exhibit is the Fossil Dig with dirt that is filled with remains of ancient sharks,

fish, corals and shells.

the nativeto theexotic

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Nearby, children can stay cool in the mist that fills the Larry and Sharon PlayScape. They will have the opportunity to explore Into the Mist to experience the lure and phenomenon and watch as droplets of water suspended in air form clouds which hover over small valleys. They can listen to the rhythmic sounds of rain as it falls upon rock. Children can stroll through the lush green landscape and watch as rainbows appear, then disappear. Nearby, a young visitor can sail skyward on the bungee trampolines. Jumpers can reach heights of twenty feet above ground when aided by the kinetic energy from some super-stretchy bungee cords.

Just outside the Museum doors sits Loblolly Park, a play yard filled with all kinds of structures to entertain and delight. Children can create music with drums and bells, or climb the multi-level play structure. An old caboose is nearby for further investigation.

The Ellerbe Creek Railway provides the visitor with an old-time train ride through the Museum grounds. This 10-minute ride makes two laps through the Nature Park on a scaled replica C.P. Huntington locomotive, made possible by a generous donation from the Teer family.

Today, new initiatives are underway at the Museum and are referred to as the Climbing Higher Campaign. The philosophy is this, go play outside! A different type of childhood can be discovered. What were your days like as a child? Did you ride your bike everywhere? Look for bugs under rocks? Play hide-and-seek until called in for dinner? Chances are you answered “yes” to at least one of these questions. The nature of childhood has changed. When today’s children are outside, they’re typically participating in a sporting event or organized activity. What children really need is time outdoors to look at the world up close, make up a game or simply reconnect with the wonder of the natural world. Research indicates children who regularly spend time playing outdoors are more creative, better problem solvers and more attentive in school.

Hideaway Woods is a two-acre nature-based playscape that will be built inside the existing train loop and accessed by a pedestrian tunnel. It will engage children in healthy movement, exploration and skill development. The current Museum playground will become a gathering

spot between the Museum building and the outdoor adventures, and provide space for a new classroom. The experience will open summer 2015.

Earth Moves is an innovative exploration of Earth sciences and systems that will be situated near the existing Catch the Wind exhibit. Visitors will control and witness powerful natural forces including erosion, moving water, an earthquake and more. Earth Moves will open in 2016.

The Museum of Life and Science wants to immerse children in a natural learning environment that stimulates their senses, strengthens their bodies and expands their minds. By creating these two spectacular learning environments that allow children and families to interact with the science and wonder of nature in new and amazing ways this will be achieved.

Daily programs are available at the Museum. In The Lab, a visitor can become a scientist and ask questions, and make observations which lead to discoveries. Expert volunteers are there to assist with these classes. This offers a wonderful opportunity for teachers to coordinate science lab programs with their science studies at school.

Science-based summer camps are an ongoing part of the Museum. Some offerings include LEGO, Robotics, Flight, Exhibit Design, Art, Geology, Reptiles and Superheroes. Two locations are now offered for this summer. One is at the Museum in Durham; the other is at Glenwood

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Elementary School in Chapel Hill. For information regarding these programs, one can call 919-220-5429, extension 324 or visit the website at www.lifeandscience.org.

Other changes to the Museum are the outdoor Picnic Pavilion, the new Sprout Café, where breakfast and lunch items are available, and a unique gift shop and full service coffee bar. Adults may find the Museum amenable for events such as weddings and receptions, private parties, or business. One thing is certain: the Museum of Life and Science is an ideal family adventure. One visit is not enough to discover the enchantment of this world class facility.

there is always something new to explore

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rave childrenB Kennedy Goodwin is nearly 12-years old and dreams of becoming a marine biologist specializing in sharks. While she initially comes across as shy, Kennedy is a bright girl who loves to be active and have fun. She enjoys hanging out with friends, playing sports and she is a passionate Carolina Hurricanes hockey fan. This otherwise ordinary girl is everything but that. Kennedy Goodwin has led her family on a four-year, life-changing journey marked by perseverance and strength. Immediately after she was born, Kennedy Goodwin was diagnosed with Goldenhar syndrome, a rare congenital craniofacial condition characterized by abnormal development of the ear, eyes, and spine. It is not preventable, and the cause is unknown. Among many other challenges, Kennedy was born with a short jaw on the right side, right-side facial paralysis, and without a right ear. By age eight, Kennedy had experienced 10 surgeries and hospitalizations. She underwent her first surgery at age two, followed by three surgeries on her spine and rib cage at five years old. Kennedy had to learn how to eat, talk, and walk again. She accepted most of these difficulties without complaint, with one exception: she wanted a right ear.

Duke Children’s

Every day at Duke Children’s Hospital & Health Center, we meet brave children and their families who are in need of hope, answers and, above all, care. For us, meeting the needs of these children and families serves as the driving force behind every one of our missions – from critical care and laboratory research to medical education and children’s health advocacy. Duke Children’s fundraising events and programs are so important. They provide necessaryfunding to support research, education and family-centered patient care.

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Marcus called upon David M. Kaylie, MD, MS, otolaryngology surgeon for Duke Medicine, and Jay McClennen, AOCA, CCA, CFm, a clinical anaplastologist with The Anaplastology Clinic, LLC. The team developed a

prosthetic ear made of silicone specifically designed for Kennedy’s unique physiology. In November 2012, Marcus removed the last remnants from the previous surgeries. Kaylie performed the implant surgery to create an anchor system to hold the prosthesis by placing two titanium post implants into Kennedy’s skull. McClennen reviewed a custom surgical template of Kennedy’s face to locate the exact implant

placement, assure compatibility to the bone, and ensure the implants are hidden by the prosthesis.After four months of recovery and waiting for the implant to heal and fuse to the bone, Kennedy received the

prosthesis on the last day of July 2013. Her new ear looks natural, as if it has been there all her life.“Up until that point, none of us were ready to say that this was going to happen,” said Amy. “It was all very

exciting and overwhelming to say we finally reached the end.”

Her family made an appointment with Jeff Marcus, MD, FAAP, FACS, who is the associate vice chair of surgery at Duke Children’s Hospital & Health Center, the Paul H. Sherman Associate Professor, and director of the Duke

Cleft and Craniofacial Program and Duke Facial Paralysis Program.“The first thing I remembered when we met him was that he got Kennedy to talk to him,” said her mother, Amy. “In the past, Kennedy often closed up

to doctors and medical personnel. It clicked that he was the person for us.” Marcus recommended an autologous ear reconstruction, using Kennedy’s own tissue. In 2010, she underwent two surgeries: one to remove part of her rib cartilage, and a second, more delicate operation to implant the rib

cartilage under the skin, contouring the shape and creating an ear lobe. During the healing process, the ear began draining, and a small hole formed. No more than 24 hours later, an infection had eaten the entire ear cartilage.

The reconstruction had failed. “On the way home, we were both in tears,” said Amy. “I heard this little voice in the backseat say, ‘It’s OK. Dr. Marcus said he can fix it.’ That’s when I learned

that it’s the child that sometimes looks after the parent.”Kennedy underwent a second attempt at ear reconstruction, using cartilage from the other side of the chest and a skin graft to repair the damaged skin. As with the first attempt, the unusual contour of Kennedy’s ear cavity and skull prevented the skin from grafting. Infection set in, and the ear had to be

removed. The two failed reconstructions were devastating. But neither Kennedy nor Marcus were ready to give up. “I’ve tried to see her through all of the

problems to get to a good result by any means possible,” said Marcus.He wanted to try a prosthetic implant, in which the implant becomes part of

the bone, which serves as the attachment system for the prosthetic.

Making a Difference

. For more information about Duke Children’s, visit www.dukechildrens.org or find us on Facebook and Twitter.

Kennedy does not let her syndrome define who she is or set limitations for her: “It is what it is,” she says. One day she hopes to undergo smile surgery for her facial paralysis. But paralysis or not, today she smiles with new confidence,

proudly tucking her blonde hair behind both her ears.

“Because of Duke Children’s,” she said, “I can believe in myself.”For her courage and demonstrated character, Kennedy was chosen to serve

as an ambassador for Duke Children’s as the 2014 Children’s Miracle Network Hospitals North Carolina Champion.

Champions is a program that increases public awareness of CMN Hospitals, the financial need of children’s hospitals, and the importance of research, education,

and care. It honors remarkable children who have faced severe medical challenges.

For her courage and perseverance, Kennedy was chosen to serve as an ambassador for CMN Hospitals, Duke Children’s, and all the hospitalized children in NC. Kennedy will attend Duke Children’s and CMN Hospitals’

events and fundraising campaigns to celebrate specialized health care and research supported by CMN Hospitals fundraising. Champions will culminate in

November 2014 with events in Washington, D.C., and Children’s Miracle Network Hospitals’ Celebration at Walt Disney World in Orlando, Fla.

Learn more about the 2014 CMN Hospitals NC Champion and program at bit.ly/dcKennedy2014.

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We are fortunate to have a Miracle hospital here in our area. Duke Hospital has been a part of the Miracle Network since 1984. The Children’s Miracle Network raises unrestricted funds for Duke Children’s Hospital & Health Center. These funds help support research, clinical care, advocacy and family support programs to help children and families heal both physically and emotionally. Duke Children’s treats over 200,000 patients each year and provides research findings that touch millions of lives worldwide.

Proud Sponsor of the

Children’s Miracle Network&

Fine Homes Divisionre/max Winning Edge

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Contact information

Lucia Cooke 919. [email protected]

Allison Cooke Zimmerman [email protected]

Cecil Cooke [email protected]