Pittsboro, NC

Market Report - Raleigh NC

Chatham County New Home Listings Down 16%

New Homes Under $300K Show Biggest Drop

Looking for a new home in the Raleigh area? Thinking the choices have gotten a little thinner? You're right....

New Home inventory in Chatham County NC was down 16% in third quarter 2009 versus third quarter 2008. Chatham County, which includes areas around Jordan Lake, south of Chapel Hill, Pittsboro, and Siler City, has been lauded for rolling, wooded hills and unspoiled terrain.

New Home Listings by Price Point in Chatham County NC

Chatham County saw some shifts in new home inventory levels. Some price points saw more inventory, while others saw decreased inventory.

• New homes in Chatham County under $300K reduced from 33 listings last year to only 18 listings this year, a 55% reduction in new homes at this price point.
• New homes in Chatham County from $300K to $499K increased from 38 listings last year to 51 listings this year. There have still been a significant number of sales in these price points - the increased inventory at these levels may be partially reflecting an increased demand.

Overall New Home Listings in Chatham County NC Third Quarter

In third quarter 2008, there were 207 new homes listed in Chatham County NC.

In third quarter 2009, there were only 174 new homes listed in Chatham County NC.

Compare With Other Areas of the Triangle

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Chatham County NC New Home Communities, Lots and Land

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Available Communities and Land - Triangle NC Area

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All statistical information courtesy of Stacey Anfindsen's TARR (Triangle Area Residential Realty) Reports. Anfindsen analyzes sales and inventory of Triangle real estate.

Chatham County NC New Homes - Market Report - Raleigh Relocation Information

Geothermal Systems - How Tax Credits Have Made Them Affordable

We get many questions on geothermal systems, particularly from homebuyers interested in a greener approach to their new home. Top questions include affordability and steps to installation for a geothermal system.

How Much Does a Geothermal System Cost?

A geothermal heating and cooling system in the Triangle area generally starts at about $8,000 per ton, installed. This compares to a cost of about $2,000 per ton for a traditional HVAC system.

Example Geothermal System

Just to make the numbers easy, let's look at a 3000 sq ft home. A 3000 sq ft home generally requires about a 5 ton system.

Traditional HVAC system -

5 tons at $2,000 each

$10,000 for total system - Traditional HVAC

Geothermal Heating and Cooling system -

5 tons at $8,000 each

$40,000 for total system - Geothermal Heating and Cooling

Geothermal Tax Credits

Ok, now we get to look at the tax credits. Remember, you'll want to consult a tax professional, and you will have to wait to get "refunded" for the tax credits. But the savings can be significant.

Federal Geothermal Tax Credit

30% of the cost of the Geothermal System, or $12,000 credit.

North Carolina State Geothermal Tax Credit

35% of the cost of the Geothermal System (with a cap of $8400) - $8,400 credit

Progress Energy Credit

$1200 credit

Cost of Geothermal after credits:

Original price tag = $40,000

- $12,000 Federal Tax Credit

- $8400 North Carolina State Tax Credit

- $1200 Progress Energy Credit

= $18,400 total cost.

Thus after credits, the cost is much closer to a traditional HVAC system. On average, a geothermal system saves 35% on energy costs for COOLING your home versus a standard HVAC system, and 70% on energy costs for HEATING your home versus a standard HVAC system.

Geothermal can be a great part of building green. Again, you'll want to talk with your tax professionals about how the tax credits work, but these credits have made a significant difference this year in the total cost of a geothermal system.

Considering custom building in the Triangle area? We're happy to help answer your questions - just contact us, or call 919-278-8070. We'll set you up directly with the experts, to see if a geothermal system or other energy and cost savings ideas like Energy Wise or solar are right for you!

Building green can be easy and affordable with the right builder. Ask how a green certified home can be right for you.

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Browse floorplans online, or request more information today! Thousands of floor plans available.

Call 919-278-8070 or visit www.StantonHomes.com.

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Stanton Homes builds throughout the Raleigh/Triangle and north of the Fort Bragg area. Ask about our build on your lot program too!

Copyright Stanton Homes 2009. Check with a tax professional and builder for precise costs for your new home. Costs vary based on conditions and home.

How Much Does Geothermal Cost - Build On Your Lot NC

Stanton Homes completes first green-conscious home

in new Horizon neighborhood

2800 square feet of living area with guaranteed $80 per month heating and cooling costs

Custom home builder Stanton Homes celebrates the completion of its first Energy Wise home in the Horizon neighborhood, with the next already breaking ground in this new community just south of Chapel Hill.

Energy Wise comes with a written guarantee of heating and cooling costs.

The custom home just completed offers over 2800 square feet - with a guaranteed average heating and cooling cost of no more than $80 per month!

"We get excited every time we build an Energy Wise home, said Stan Williams, CEO of Stanton Homes.

"And we're especially pleased to bring Energy Wise homes to Horizon. The location is fantastic, the environment is private and comfortable, the trees are beautiful; it's a perfect setting for a green conscious home and we're thrilled to be able to lead the community with a home that combines both artistic personality and the sensibility of Energy Wise construction."

The heating and cooling costs guaranteed by Energy Wise for this home offer a 65% savings over what they could cost in the same home, if standard construction had been utilized.

The Energy Wise program offers 50-70% heating and cooling savings for homes built with this system.

Energy Wise uses a systems approach to heating and cooling a home based on blueprints, window sizes and types, and room dimensions.

The HVAC system is precisely calculated, and spray foam insulation is used to fill every crack and crevice, followed by extensive caulking to prevent any air leakage.

"Today's ecology-minded buyers are telling us that their first concern is the environment, followed by the growing cost of energy," said Williams.

"When they find out that an Energy Wise home offers a written guarantee of 50-70% cost savings on heating and cooling over any standard home, while using fewer natural resources, it's a no-brainer. They're even more excited when they find out Energy Wise homes don't have to be at the high end of affordability - Stanton Homes is putting together Energy Wise packages for homes starting in the $200s."

Stanton Homes is one of only a few home builders in partnership with Healthy Home Insulation to provide Energy Wise guaranteed heating and cooling in affordable new homes throughout the Triangle region and beyond.

"Energy Wise and spray foam insulation is an extremely viable solution to alleviating our dependence on fossil fuel, while improving our health and protecting the environment for future generations," said Tu Nguyen, CEO of Healthy Home Insulation. "We're pleased to be working with Stanton Homes to bring this kind of value to home owners."

The Energy Wise guarantee package is available as an option in any home in the Horizon neighborhood, as well as any Stanton Homes custom home when implemented at the planning stages.

Horizon offers 38 total lots in Phase 1, ranging from 1 to 2.3 acres.

Just 8 miles south of Chapel Hill, Horizon is a wooded acreage community a mile off 15/501, and minutes from shopping, UNC Medical Center, UNC Chapel Hill. Horizon offers a blend of city and country amenities - with low county taxes.

"Energy Wise is an excellent choice for anyone looking to save on energy costs while enjoying a cleaner, tighter, more comfortable home," said Williams.

"Based on the tremendous increase in requests over the past months, we're anticipating that this is the kind of home we'll be building a lot more of - in Horizon, as well as all across the Triangle and beyond."

More About Energy Wise

More About Green Home Building

More About Energy Star Homes

Floor Plans to Browse - or contact us about thousands of options available!

Call Stanton Homes at 919-278-8070 for more information on Energy Wise homes in Horizon, or elsewhere in the greater Raleigh Triangle area.

Directions to Horizon:

Horizon is just 8 minutes from Chapel Hill, and offers exceptional new custom homes in the $330s to the $600s, all on gorgeous wooded acreage. From Chapel Hill, take 15/501 south. Just past Fearrington Village, turn right on Hamlets Chapel Road. Horizon is one mile on the right. Already nine of 38 total lots sold in Phase 1. Find out more about Horizon at http://www.horizonneighborhood.com/, or call Mike Shachtman of Prudential York Simpson Underwood at 919-444-9264.

Governors Club Neighborhood Update
October 2, 2009

Average Days on Market: 258 days Inventory: 28 months

For the recent Active, Pending and Closed real estate transactions for Chapel Hill's Governors Club neighborhood, click here: Governors Club.

If you have any questions about any of these homes, please call or email The Rogers Team.

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Market data derived from Triangle MLS and believed to be accurate but not warranted by RE/MAX Winning Edge or The Rogers Team.

The Rogers Team @ RE/MAX Winning Edge serving Chapel Hill, Durham, Raleigh, Cary, Research Triangle Park and Chatham County.

Next time your ready to play some great golf come by New Salem church first. Yes it is right on the way to Chapel Ridge golf Course. An awesome place to play 18 on a Sunday afternoon. Usually fellowship begins around 10:50 am on Sundays and tee time is up to you. 5030 Old Graham road Probably 1/4 from Chapel Ridge.

This Church has some history it use to sit about 1/8 a mile down the road until a local used his team of horses to pull the building to where it sits today. The building is around 100 years of age. http://www.facebook.com/pages/Pittsboro-NC/New-Salem-Church-Childrens-Ministry/76095654986