While single-family homes make up most of the triangle’s housing stock – the homes snatched by extremely competitive buyers – buyers are also looking for downtown condos.
Condos in tall and mid-height buildings offer views of cities in the triangle, as well as access to a range of downtown amenities that are a shorter walk away than most single-family homes.
Home prices are up 12.3%, or $ 35,700, in Raleigh since April last year to $ 327,048, The News & Observer reported in May. In Durham, prices rose a slightly smaller margin from $ 31,444 to an average of $ 307,558 over the same period.
Meanwhile, condominium prices range from smaller units starting at $ 325,000 to larger units with asking prices in the millions.
Here are five condos for sale in Wake, Durham, and Orange Counties in late May 2021 – all in city centers.
2 bedroom, 2 bathroom high-rise luxury condominium of 1,138 square feet on the 25th floor of PNC Plaza Tower at 301 Fayetteville Street Unit 2510. Triangle MLS
301 Fayetteville St., Unit 2510, Raleigh
Asking price: $ 425,000
The details: 1,138 square feet, high-rise, two-bedroom, two-bathroom, luxury condominium on the 25th floor of PNC Plaza Tower. The hotel is located between Fayetteville, Martin and South Wilmington Streets, near Moore Square Park. The apartment has newly finished hardwood floors, granite countertops and a deck with views of the Raleigh skyline.
Three bedroom, three and a half bathroom, 2,301 square feet condominium in the 15-story Quorum Center Condos Tower at 122 N. Harrington Street, Unit 1045, Raleigh. Triangle MLS
122 N. Harrington St., Unit 1045, Raleigh
Asking Price: $ 1,092,000
The details: three-bedroom, three-and-a-half bathroom condominium with 2,301 square feet in the 15-story Quorum Center Condos Tower. Located on the 10th floor, this property features hardwood floors and wooden kitchen cabinets with granite countertops and built-in bookshelves. Two balconies offer views of downtown Raleigh.
This luxurious two bedroom, three bathroom penthouse is an extremely spacious 9,266 square feet and is located in the historic 300 East Main Street building in downtown Durham. Triangle MLS
300 E. Main St., # 300, Durham
Asking Price: $ 4,500,000
The Details: This luxurious two bedroom, three bathroom penthouse is an extremely spacious 9,266 square feet and is located in the historic 300 East Main Street building in downtown Durham. This residence has a large balcony, two floors and is large enough to host parties with many guests. The loft features modernist and industrial design and architecture with artistic craftsmanship with cathedral-like ceilings and exposed brick, concrete and wood surfaces.
Located across from the One City Center Tower in the heart of downtown Durham at 109 W. Main Street, Apt, this compact 1 bed, 1 bathroom 799 square feet apartment is located in the Baldwin Lofts. 205. Triangle MLS
109 W. Main St., Apt. 205, Durham
Asking price: $ 324,999
The Details: This compact 1 bed, 1 bath 799 square feet apartment is located in the Baldwin Lofts across from the One City Center Tower in the heart of downtown Durham. The property features rooftop access, a balcony overlooking Black Wall Street Gardens, concrete floors, and floor-to-ceiling windows with downtown amenities within walking distance.
Downtown Chapel Hill
The two-bedroom, two-bathroom condominium on the 5th floor is 1,206 square feet and is located in the University of North Carolina campus area near West Franklin Street at 601 East Rosemary Street # 502.
601 W. Rosemary St. # 502, Chapel Hill
Asking price: $ 450,000
The Details: Two bedroom, two bathroom condominium on the 5th floor of 1,206 square feet, located off West Franklin Street, not far from the UNC campus. The accommodation has hardwood floors and large floor-to-ceiling windows with views. The location on Rosemary Street is within walking distance of Weaver Street Market and other locations in neighboring Carrboro.
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Aaron Sánchez-Guerra is a business and real estate reporter for The News & Observer and The Herald-Sun. He previously worked at WLRN Public Media in Miami and as a freelance journalist in Raleigh and Charlotte serving the Latino population. A graduate of North Carolina State University, a native Spanish speaker, and born in Mexico.