Durham County home sales up, average sales price down, in January
DURHAM – The number of closed Durham County home sales in January was up 21.7 percent compared with level of closed home sales in the month last year, according to Triangle Multiple Listing Service data.
Meanwhile, the inventory of homes for sale was down 20.1 percent to 1,322 homes, according to the service’s “Local Market Update.” New listings were down 9.8 percent to 361 in the month.
The average sale price for the county was down 5.8 percent to $167,207, while the median sales price was down 3.3 percent to $149,950.
The average number of days on market until a sale was 110 days, which was down 9.2 percent compared with the month last year.
There was almost a five months’ supply of inventory on the market, compared to 7.6 in the month last year.
N.C. Biotech Center announces study results
DURHAM – North Carolina’s life-science sector is the third largest in the nation, behind California and Massachusetts, according to a study funded by the N.C. Biotechnology Center.
The study is one of three paid for by the N.C. Biotechnology Center, a N.C. General Assembly-supported private nonprofit that’s working to develop the state’s biotechnology industry.
The report, “2012 Evidence and Opportunity: Biotechnology Impacts in North Carolina,” was conducted by the research and development organization Batelle Technology Partnership Practice.
The report is expected to be presented to state lawmakers and others today.
According to a news release about the study results, the study found that more than 58,000 in North Carolina have bioscience jobs, and earn an average of $78,000 a year. That’s almost twice what other private sector workers make statewide.
The study also found that the sector generates $59 billion in economic activity in the state, and produces $1.73 million in taxes for state and local government.
In addition, it found that the sector grew 23.5 percent from 2001 to 2010.
The release said the report linked the state’s “success in building its life science foundation” to the work of the center which works to recruit, in new business creation, and financial support for university spinouts and startups.
New Southeastern Freight Lines facility in Durham
DURHAM – The South Carolina-based transportation company Southeastern Freight Lines is having a new service center built on 44 acres in Durham on Alston Avenue.
The service center will have a 16,000-square-foot service building, and an approximately 51,000-square-foot terminal building, according to a news release from Bobbitt Design Build, a commercial design build contractor said it started the construction project.
The dock is designated to accommodate 97 trucks, and can be expanded to up to 150 berths/doors, the release states.
The facility is expected to be finished in December. The company is relocating its Raleigh facility to the Durham site.