The Oaks Chapel Hill Neighborhood Market Statistics 2014
One year ago I wrote:
Wow! There were twice as many expired than closed. Price range and condition makes a big difference.In the chart below I chose properties over $450,000 because there are some townhomes in the Oaks and including those wouldn’t give a true picture of the neighborhood.
The Oaks surrounds Chapel Hill Country Club. The first phase of the neighborhood was developed in the 1970’s. In the 1980’s a local developer and builder developed a new section of the neighborhood with most of the homes located in the Chapel Hill School District and a smaller section located in Durham County with Durham County Schools. Both areas have a Chapel Hill address so it’s important to specify what county on your searches if the school system is important to you. You can see the school district line on the map above.
Homes in The Oaks are of varying styles and sizes. Golf course lots have always had a premium and the largest and most expensive homes have a great golf course view.
The neighborhood streets are fairly manicured but as time has gone on trees have grown up and the landscaping has matured. When I drive clients through the Oaks I often hear “this is so beautiful”.The homes are pricey though and when we take a look at what’s available, other neighborhoods in Chapel Hill are often the choice.
By Marianne Howell Wright