You’ve heard the saying: “Location, location, location,” it can be easy to get caught up in the qualities of the home itself and lose sight of the overall location. My friend’s father used to say “It’s better to buy a Pinto home in a Cadillac neighborhood than it is to buy the Cadillac home in the Pinto neighborhood.” Though I didn’t understand it as a kid, his words were wise. Now I’m keenly aware that the popularity of the neighborhood is one of the biggest driving factors in the value of a home.

It’s interesting how different neighborhoods grow in popularity over time. According to Trulia statistics the most ‘popular’ neighborhoods (those where the most number of homes were sold) during the month of February are:

Most popular Raleigh neighborhoods:

• Five Points East
• King Charles
• Mordecai
• North Boylan
• Laurel Hills

Just because a lot of people are buying in a particular neighborhood doesn’t necessarily mean that it’s a smart buy. When new developments emerge, there is often a spike in ‘popularity’ in terms of the number of people buying in that location. It’s more important to analyze which neighborhoods remain statistically popular over time and to stay aware of the general perception of the neighborhood in the local area.

Tags: Triangle Real Estate //