$400K and under: New-build townhouses at this year’s Triangle Parade of Homes
Despite below-average home sales across the Triangle, one type of housing has bucked the trend: new construction.
Sales of newly built homes jumped by 4.1% in June, according to Triangle Multiple Listing Service (TMLS), reflecting a growing trend among buyers for new build in the face of record-low inventory.
In particular, townhouses are making a comeback, said Paul Kane, CEO of the Home Builders Association of Raleigh-Wake County, which is holding its annual Triangle Parade of Homes until Oct. 15.
This week’s Price Point features three townhouses included as part of the showcase. They’re located in outlying metros: Pittsboro, Clayton and Zebulon, and priced under $400,000.
Of the parade’s 157 homes, 23 — about 12% — are listed at this price point. It’s still a relatively small sampling compared to the rest of the parade (roughly a quarter of the homes come with a price tag more than $1.5 million), but it’s a fast-growing market share, Kane said.
Here’s a look. These townhouses are available for viewing this weekend.
The free event continues Oct. 6-8 and Oct. 13-15 from noon to 5 p.m. each day. For more details, go to triangleparade.com/homes.
192 Norwell Lane, Pittsboro
Community: Chatham Park
Builder: Tri Pointe Homes
Model: The Mitchell
List price: $358,990 (base price); $450,690 (“as shown” in parade)
Two-story home with three bedrooms and two and a half bathrooms
This 1,775-square-foot townhouse is in Chatham Park in Pittsboro. It’s about a 40-minute drive northeast to downtown Durham, and about a 35-minute drive northeast to Raleigh-Durham International Airport.
This home may not be for sale, but can be built on another lot, according to the parade guidebook, starting at a base price of $358,990.
Among the features: a one-bay garage, open-plan kitchen, luxury vinyl plank floors throughout main living areas. Primary bedroom offers walk-in closet.
404 Barrington Row, Zebulon
Community: Barrington
Builder: Dream Finders Home
Model: The Kenley
List price: $319,905
Two-story home with three bedrooms and two and a half bathrooms
This 1,761-square-foot townhome is in Barrington in Zebulon. It’s about a 26-minute drive east to downtown Raleigh, and about a 40-minute drive east to Raleigh-Durham International Airport.
Among the features: open-concept living area, L-shaped kitchen, additional first-floor storage space, second-floor owner’s suite, loft and laundry room.
15 S. Lenny Drive, Clayton
Community: Champion West
Builder: Herring Homes
Model: Laurel
List price: $335,000
Two-story home with three bedrooms and two and a half bathrooms
This 1,536-square-foot townhome is in Champion West in Clayton. It’s about a 24-minute drive northwest to downtown Raleigh, and about a 38-minute drive northwest to Raleigh-Durham International Airport.
Among the features: attached garage, open-concept living area, first-floor half bathroom off foyer, second-floor owner’s suite and laundry room.
Other sales
Here’s information on some recent home sales in the Triangle:
Single-family house in Raleigh sells for $1.7 million.
Five-bedroom house in Durham sells for $2.2 million.
This story was originally published October 5, 2023 at 10:50 AM with the headline "$400K and under: New-build townhouses at this year’s Triangle Parade of Homes."
