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A LOCAL REAL ESTATE MARKET UPDATE designed, photographed, and published by Lucia Cooke and Allis on Zimmerman THE COOKE REPORT NOVEMBER 2015

Cooke report november 2015

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Page 1: Cooke report november 2015

A LOCAL REAL ESTATE MARKET UPDATE designed, photographed, and published by Lucia Cooke and Allison Zimmerman

THE COOKE REPORT

NOVEMBER 2015

Page 2: Cooke report november 2015

2

Page 3: Cooke report november 2015

3

Dear Reader,

As always, it is a privilege to have the opportunity to address you. It has now been a full year since we launched our new company, and we could not be more delighted with the results thus far. We have sold around $28 million this year ... and it is not over yet!

We are also pleased to introduce a new member to our company, Steve Gillham. As an active Realtor and Broker, Steve covers the Triangle area and beyond. His dedication to professionalism, attention to detail and stellar customer service make him a welcome addition to our Firm.

This edition's articles focus on two Raleigh locations, the State Capitol and Pullen Park. I hope you have as much fun reading them as we had researching and writing them. We are lucky to live and work in an area with rich history and cultural interest.

We would be remiss if we did not also take this opportunity to thank our clients and friends who continue to refer new buyers and sellers and promote our services to others. We couldn't do it without you ... literally.

Our best wishes during the holiday season, and we will see you next year!

Lucia, Cecil and Allison

If you would like to be removed from our mailing list, please let me know

by email at:[email protected].

Page 4: Cooke report november 2015

4

The back stairs, shown here, were used by servants to carry wood to many fireplaces in the chambers above. You can see where they are worn from carrying heavy loads of wood.

Page 5: Cooke report november 2015

Orange County Inventory: There are currently 699 homes on the market. That is a 7.4% decrease over the end of third quarter 2014. Closed Sales: There have been 1439 homes closed this year. That is a 15% increase over the end of third quarter 2014. Average Sales Price: The current average sales price for 2015 is $348,843. It is an increase of 1.8% over last year. The average dollar per sq ft is $148. In the Chapel Hill School District, the average sales price is $351,500 and the average dollar per sq ft is $163. Cash Buyers: Year to date 2015, 23% of all buyers purchased their home with cash. List Price/Sales Price: The ratio of list price to sales price is 97%.

Durham County Inventory: There are currently 1028 homes on the market. That is a 2% decrease over the end of third quarter 2014. Closed Sales: There have been 3772 homes closed this year. That is an 8% increase over the end of third quarter 2014. Average Sales Price: The current average sales price for 2015 is $216,606. It is an increase of 2.4% over last year. The average dollar per sq ft is $109. Cash Buyers: Year to date 2015, 18.3% of all buyers purchased their home with cash. List Price/Sales Price: The ratio of list price to sales price is 98%. Chatham County Inventory: There are currently 470 homes on the market. That is a 16.8% decrease over the end of third quarter 2014. Closed Sales: There have been 802 homes closed this year. That is a 5.9% increase over the end of third quarter 2014. Average Sales Price: The current average sales price for 2015 is $357,290. It is an increase of 6.5% over last year. The average dollar per sq ft is $135. Cash Buyers: Year to date 2015, 23.7% of all buyers purchased their home with cash. List Price/Sales Price: The ratio of list price to sales price is 97%.

Third Quarter 2015Overview

5

Page 6: Cooke report november 2015

Cary / Apex / Morrisville

Inventory: There are currently 612 homes on the market. That is a 10.7% decrease over the end of third quarter 2014. Closed Sales: There have been 3585 homes closed this year. That is a 3.6% increase over the end of third quarter 2014. Average Sales Price: The current average sales price for 2015 is $282,900. It is an increase of 6% over last year. The average dollar per sq ft is $132. Cash Buyers: Year to date 2015, 12.7% of all buyers purchased their home with cash. List Price/Sales Price: The ratio of list price to sales price is 99%.

Central Wake County

Inventory: There are currently 695 homes on the market. Last year's numbers are not available to compare. Closed Sales: There have been 3435 homes closed this year. That is a 13.9% increase over the end of third quarter 2014. Average Sales Price: The current average sales price for 2015 is $291,544. It is an increase of 3.5% over last year. The average dollar per sq ft is $141. Cash Buyers: Year to date 2015, 19.6% of all buyers purchased their home with cash. List Price/Sales Price: The ratio of list price to sales price is 98%.

Luxury Homes Priced at $800,000 and above in Wake, Orange, Durham, and Chatham Counties

Inventory: There are currently 433 homes on the market. Last year's numbers are not available to compare. Closed Sales: There have been 368 homes closed this year. That is a 26% increase over the end of third quarter 2014. Average Sales Price: The current average sales price for 2015 is $1,039,762. It is an increase of 1% over last year. The average dollar per sq ft is $208. Cash Buyers: Year to date 2015, 19.4% of all buyers purchased their home with cash. List Price/Sales Price: The ratio of list price to sales price is 96%.

6

Page 7: Cooke report november 2015

Market ReportAll data is from Triangle MLS.

The search periods were as follows: PAST 11/1/2013 to 11/1/2014 RECENT 11/1/2014 to 11/1/2015

Absorption rate is derived by dividing the active listings by the average number of sales per month in each price category.7

Page 8: Cooke report november 2015

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9

New Construction Single Family Number of Sales

Dollar per Sq Ft

New Construction Townhomeand Condominium

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale less than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiumless than 10 years old

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale more than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiummore than 10 years old

Number of Sales

Dollar per Sq Ft

0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 2 1 0 0 1 0 0 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 0 0 1 2 5 0 0 0 1 0 0 0 0 0 0 0 139 175 0 0 184 0 0 0 0

0 0 0 1 2 5 0 0 0 1 0 0 0 3 0 2 3 3 4 1 3 0 0 5 0 0

0 0 0 264 377 374 0 0 0 465 0 0 0 167 0 346 325 359 363 450 455 0 0 465 0 0

0 0 0 1 0 2 0 3 3 0 1 0 1 0 0 0 0 1 4 1 2 2 2 1 0 0

0 0 0 198 0 165 0 201 201 0 206 0 455 0 0 0 0 143 167 189 191 195 208 204 0 0

0 11 4 1 5 10 1 0 0 4 1 0 1 1 4 6 1 2 3 1 1 2 2 1 0 0

0 172 197 264 326 369 339 0 0 270 422 0 500 109 147 187 243 305 194 192 190 216 301 199 0 0

0 17 35 61 32 26 18 18 12 7 12 2 0 1 11 46 55 32 20 19 15 11 10 4 0 1

0 143 159 163 160 176 208 216 207 223 219 352 0 90 152 149 153 166 173 198 186 200 216 287 0 520

20 76 17 3 2 2 1 2 0 0 0 0 0 17 70 35 2 0 0 0 0 1 1 0 0 0

91 119 143 184 187 213 181 195 0 0 0 0 0 87 120 161 155 0 0 0 0 215 217 0 0 0

8

Page 9: Cooke report november 2015

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 2 1 0 0 1 0 0 0 0

0 0 0 1 2 5 0 0 0 1 0 0 0 0 0 0 0 139 175 0 0 184 0 0 0 0

0 0 0 1 2 5 0 0 0 1 0 0 0 3 0 2 3 3 4 1 3 0 0 5 0 0

0 0 0 264 377 374 0 0 0 465 0 0 0 167 0 346 325 359 363 450 455 0 0 465 0 0

0 0 0 1 0 2 0 3 3 0 1 0 1 0 0 0 0 1 4 1 2 2 2 1 0 0

0 0 0 198 0 165 0 201 201 0 206 0 455 0 0 0 0 143 167 189 191 195 208 204 0 0

0 11 4 1 5 10 1 0 0 4 1 0 1 1 4 6 1 2 3 1 1 2 2 1 0 0

0 172 197 264 326 369 339 0 0 270 422 0 500 109 147 187 243 305 194 192 190 216 301 199 0 0

0 17 35 61 32 26 18 18 12 7 12 2 0 1 11 46 55 32 20 19 15 11 10 4 0 1

0 143 159 163 160 176 208 216 207 223 219 352 0 90 152 149 153 166 173 198 186 200 216 287 0 520

20 76 17 3 2 2 1 2 0 0 0 0 0 17 70 35 2 0 0 0 0 1 1 0 0 0

91 119 143 184 187 213 181 195 0 0 0 0 0 87 120 161 155 0 0 0 0 215 217 0 0 0

less than $100,000current inventory: 9absorption rate: 5.4 months

$100,000 - $199,999current inventory: 39absorption rate: 4.5 months

$200,000 - $299,999current inventory: 21absorption rate: 4.5 months

$300,000 - $399,999current inventory: 26absorption rate: 4.7 months

$400,000 - $499,999current inventory: 20absorption rate: 3.5 months

$500,000 - $599,999current inventory: 20absorption rate: 6.1 months

$600,000 - $699,999current inventory: 14absorption rate: 8.4 months

$700,000 - $799,999current inventory: 17absorption rate: 7.3 months

$800,000 - $899,999current inventory: 10absorption rate: 8 months

$900,000 - $999,999current inventory: 12absorption rate: 13.1 months

$1,000,000 - $1,499,999current inventory: 13absorption rate: 11.1 months

$1,500,000 - $2,000,000current inventory: 3absorption rate: 18.8 months

greater than $2,000,000current inventory: 5absorption rate: 30.1 months

Absorption RateEast

Chape

l Hill H

igh Sc

hool

9

Page 10: Cooke report november 2015

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9

New Construction Single Family Number of Sales

Dollar per Sq Ft

New Construction Townhomeand Condominium

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale less than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiumless than 10 years old

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale more than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiummore than 10 years old

Number of Sales

Dollar per Sq Ft

0 1 1 1 5 7 2 1 2 0 0 0 0 0 0 2 2 12 3 3 1 1 0 0 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 80 188 213 179 172 175 213 192 0 0 0 0 0 0 192 182 144 171 180 190 128 0 0 0 0

0 4 25 12 4 2 0 0 0 0 0 0 0 0 2 9 13 6 4 0 0 0 1 0 0 0

0 91 147 176 276 293 0 0 0 0 0 0 0 0 118 168 248 248 344 0 0 0 305 0 0 0

0 1 0 2 3 3 1 3 2 1 2 0 0 0 0 0 2 4 3 1 1 1 0 0 0 0

0 122 0 189 165 147 195 161 203 220 159 0 0 0 0 0 149 172 160 134 173 222 0 0 0 0

0 6 10 4 1 0 0 0 0 0 0 0 0 0 4 9 8 1 0 0 0 0 0 0 0 0

0 158 152 110 468 0 0 0 0 0 0 0 0 0 141 131 133 110 0 0 0 0 0 0 0 0

0 11 43 61 48 16 48 5 1 3 1 0 0 2 22 55 36 44 19 10 4 4 0 0 0 0

0 152 165 160 158 170 159 155 183 292 195 0 0 55 168 168 169 165 172 160 187 183 0 0 0 0

14 32 12 4 0 0 0 0 0 0 0 0 0 7 45 3 2 0 0 0 0 0 0 0 0 0

66 139 148 122 0 0 0 0 0 0 0 0 0 62 138 201 196 0 0 0 0 0 0 0 0 0

10

Page 11: Cooke report november 2015

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 1 1 1 5 7 2 1 2 0 0 0 0 0 0 2 2 12 3 3 1 1 0 0 0 0

0 80 188 213 179 172 175 213 192 0 0 0 0 0 0 192 182 144 171 180 190 128 0 0 0 0

0 4 25 12 4 2 0 0 0 0 0 0 0 0 2 9 13 6 4 0 0 0 1 0 0 0

0 91 147 176 276 293 0 0 0 0 0 0 0 0 118 168 248 248 344 0 0 0 305 0 0 0

0 1 0 2 3 3 1 3 2 1 2 0 0 0 0 0 2 4 3 1 1 1 0 0 0 0

0 122 0 189 165 147 195 161 203 220 159 0 0 0 0 0 149 172 160 134 173 222 0 0 0 0

0 6 10 4 1 0 0 0 0 0 0 0 0 0 4 9 8 1 0 0 0 0 0 0 0 0

0 158 152 110 468 0 0 0 0 0 0 0 0 0 141 131 133 110 0 0 0 0 0 0 0 0

0 11 43 61 48 16 48 5 1 3 1 0 0 2 22 55 36 44 19 10 4 4 0 0 0 0

0 152 165 160 158 170 159 155 183 292 195 0 0 55 168 168 169 165 172 160 187 183 0 0 0 0

14 32 12 4 0 0 0 0 0 0 0 0 0 7 45 3 2 0 0 0 0 0 0 0 0 0

66 139 148 122 0 0 0 0 0 0 0 0 0 62 138 201 196 0 0 0 0 0 0 0 0 0

less than $100,000current inventory: 4absorption rate: 3.4 months

$100,000 - $199,999current inventory: 20absorption rate: 4.4 months

$200,000 - $299,999current inventory: 24absorption rate: 3.2 months

$300,000 - $399,999current inventory: 35absorption rate: 5 months

$400,000 - $499,999current inventory: 21absorption rate: 3.9 months

$500,000 - $599,999current inventory: 19absorption rate: 7.4 months

$600,000 - $699,999current inventory: 14absorption rate: 21.2 months

$700,000 - $799,999current inventory: 5absorption rate: 12 months

$800,000 - $899,999current inventory: 1absorption rate: 1.7 months

$900,000 - $999,999current inventory: 5absorption rate: 30.1 months

$1,000,000 - $1,499,999current inventory: 3absorption rate: 12 months

$1,500,000 - $2,000,000current inventory: 2absorption rate: no sales to compare

greater than $2,000,000current inventory: 0absorption rate: no sales to compare

Absorption RateChape

l Hill H

igh Sc

hool

11

Page 12: Cooke report november 2015

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9

New Construction Single Family Number of Sales

Dollar per Sq Ft

New Construction Townhomeand Condominium

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale less than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiumless than 10 years old

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale more than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiummore than 10 years old

Number of Sales

Dollar per Sq Ft

0 0 0 0 0 3 3 3 1 0 0 0 0 0 0 0 0 1 0 2 0 0 0 1 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 0 0 0 0 198 190 197 182 0 0 0 0 0 0 0 0 177 0 189 0 0 0 231 0 0

0 0 0 0 1 0 0 0 0 0 0 0 0 0 2 0 0 1 0 0 0 0 0 0 0 0

0 0 0 0 192 0 0 0 0 0 0 0 0 0 116 0 0 198 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0

0 0 0 0 0 0 0 209 0 216 221 0 0 0 0 0 0 0 0 0 0 0 0 234 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 167 174 0 0 0 0 0 0 0 0 0 0

0 11 28 15 32 21 8 2 2 3 3 0 0 0 15 17 18 24 14 9 5 2 0 2 0 0

0 133 153 153 168 186 176 183 178 190 180 0 0 0 131 132 149 173 173 181 175 147 0 280 0 0

4 28 14 10 2 0 0 0 0 0 0 0 0 3 33 18 6 1 0 0 0 0 0 0 0 0

89 137 175 179 173 0 0 0 0 0 0 0 0 126 135 183 178 159 0 0 0 0 0 0 0 0

12

Page 13: Cooke report november 2015

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 0 0 0 0 3 3 3 1 0 0 0 0 0 0 0 0 1 0 2 0 0 0 1 0 0

0 0 0 0 0 198 190 197 182 0 0 0 0 0 0 0 0 177 0 189 0 0 0 231 0 0

0 0 0 0 1 0 0 0 0 0 0 0 0 0 2 0 0 1 0 0 0 0 0 0 0 0

0 0 0 0 192 0 0 0 0 0 0 0 0 0 116 0 0 198 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0

0 0 0 0 0 0 0 209 0 216 221 0 0 0 0 0 0 0 0 0 0 0 0 234 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 167 174 0 0 0 0 0 0 0 0 0 0

0 11 28 15 32 21 8 2 2 3 3 0 0 0 15 17 18 24 14 9 5 2 0 2 0 0

0 133 153 153 168 186 176 183 178 190 180 0 0 0 131 132 149 173 173 181 175 147 0 280 0 0

4 28 14 10 2 0 0 0 0 0 0 0 0 3 33 18 6 1 0 0 0 0 0 0 0 0

89 137 175 179 173 0 0 0 0 0 0 0 0 126 135 183 178 159 0 0 0 0 0 0 0 0

less than $100,000current inventory: 2absorption rate: 6.1 months

$100,000 - $199,999current inventory: 2absorption rate: .6 months

$200,000 - $299,999current inventory: 11absorption rate: 3.1 months

$300,000 - $399,999current inventory: 9absorption rate: 4.3 months

$400,000 - $499,999current inventory: 8absorption rate: 2.7 months

$500,000 - $599,999current inventory: 12absorption rate: 6 months

$600,000 - $699,999current inventory: 5absorption rate: 5.4 months

$700,000 - $799,999current inventory: 6absorption rate: 12 months

$800,000 - $899,999current inventory: 2absorption rate: 8 months

$900,000 - $999,999current inventory: 3absorption rate: 9.1 months

$1,000,000 - $1,499,999current inventory: 7absorption rate: 21.2 months

$1,500,000 - $2,000,000current inventory: 1absorption rate: no sales to compare

greater than $2,000,000current inventory: 1absorption rate: no sales to compare

Absorption RateCarrbo

ro H

igh Sc

hool

13

Page 14: Cooke report november 2015

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9

New Construction Single Family

Number of Sales

Dollar per Sq Ft

New Construction Townhomeand Condominium

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale less than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiumless than 10 years old

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale more than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiummore than 10 years old

Number of Sales

Dollar per Sq Ft

0 5 1 9 3 1 0 0 0 0 0 0 0 0 9 2 5 0 0 0 0 0 0 0 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 87 147 124 99 151 0 0 0 0 0 0 0 0 87 90 126 0 0 0 0 0 0 0 0 0

0 0 12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 125 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 6 3 5 0 2 1 1 0 0 1 0 0 0 2 5 2 0 1 2 0 1 0 0 0 0

0 85 117 135 0 140 164 235 0 0 223 0 0 0 108 114 103 0 169 181 0 232 0 0 0 0

0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 114 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

5 55 75 29 10 5 3 2 3 4 1 0 0 7 54 59 13 1 1 3 3 3 0 1 0 0

58 119 104 142 164 220 248 158 215 329 252 0 0 79 115 124 147 169 132 202 213 196 0 234 0 0

0 3 0 0 0 0 0 0 0 0 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0

0 106 0 0 0 0 0 0 0 0 0 0 0 74 97 0 0 0 0 0 0 0 0 0 0 0

14

Page 15: Cooke report november 2015

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 5 1 9 3 1 0 0 0 0 0 0 0 0 9 2 5 0 0 0 0 0 0 0 0 0

0 87 147 124 99 151 0 0 0 0 0 0 0 0 87 90 126 0 0 0 0 0 0 0 0 0

0 0 12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 125 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 6 3 5 0 2 1 1 0 0 1 0 0 0 2 5 2 0 1 2 0 1 0 0 0 0

0 85 117 135 0 140 164 235 0 0 223 0 0 0 108 114 103 0 169 181 0 232 0 0 0 0

0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 114 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

5 55 75 29 10 5 3 2 3 4 1 0 0 7 54 59 13 1 1 3 3 3 0 1 0 0

58 119 104 142 164 220 248 158 215 329 252 0 0 79 115 124 147 169 132 202 213 196 0 234 0 0

0 3 0 0 0 0 0 0 0 0 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0

0 106 0 0 0 0 0 0 0 0 0 0 0 74 97 0 0 0 0 0 0 0 0 0 0 0

less than $100,000current inventory: 2absorption rate: 3 months

$100,000 - $199,999current inventory: 25absorption rate: 4.3 months

$200,000 - $299,999current inventory: 20absorption rate: 2.6 months

$300,000 - $399,999current inventory: 16absorption rate: 4.5 months

$400,000 - $499,999current inventory: 12absorption rate: 11.1 months

$500,000 - $599,999current inventory: 12absorption rate: 18.2 months

$600,000 - $699,999current inventory: 8absorption rate: 24.2 months

$700,000 - $799,999current inventory: 9absorption rate: 36 months

$800,000 - $899,999current inventory: 3absorption rate: 12 months

$900,000 - $999,999current inventory: 1absorption rate: 3 months

$1,000,000 - $1,499,999current inventory: 3absorption rate: 18.1 months

$1,500,000 - $2,000,000current inventory: 3absorption rate: no sales to compare

greater than $2,000,000current inventory: 4absorption rate: no sales to compare

Absorption RateCedar R

idge H

igh Sc

hool

15

Page 16: Cooke report november 2015

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9

New Construction Single Family

Number of Sales

Dollar per Sq Ft

New Construction Townhomeand Condominium

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale less than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiumless than 10 years old

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale more than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiummore than 10 years old

Number of Sales

Dollar per Sq Ft

0 4 4 4 5 4 6 0 1 0 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 118 129 138 146 158 155 0 221 0 0 0 0 0 96 125 0 133 136 0 0 0 0 0 0 0

0 3 2 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0

0 121 117 0 0 0 0 0 0 0 0 0 0 0 0 96 0 0 0 0 0 0 0 0 0 0

0 16 18 17 7 3 1 0 0 0 2 0 0 0 18 11 20 10 5 2 0 0 0 0 0 0

0 93 110 125 139 128 150 0 0 0 190 0 0 0 100 106 123 119 136 151 0 0 0 0 0 0

0 11 4 0 0 0 0 0 0 0 0 0 0 0 12 1 0 0 0 0 0 0 0 0 0 0

0 100 103 0 0 0 0 0 0 0 0 0 0 0 100 96 0 0 0 0 0 0 0 0 0 0

42 80 51 37 16 0 4 3 1 0 1 1 0 24 68 45 27 12 1 1 1 0 0 0 0 0

59 104 120 133 152 0 183 178 178 0 196 228 0 58 106 124 134 140 202 143 204 0 0 0 0 0

0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 99 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0

16

Page 17: Cooke report november 2015

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 4 4 4 5 4 6 0 1 0 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0

0 118 129 138 146 158 155 0 221 0 0 0 0 0 96 125 0 133 136 0 0 0 0 0 0 0

0 3 2 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0

0 121 117 0 0 0 0 0 0 0 0 0 0 0 0 96 0 0 0 0 0 0 0 0 0 0

0 16 18 17 7 3 1 0 0 0 2 0 0 0 18 11 20 10 5 2 0 0 0 0 0 0

0 93 110 125 139 128 150 0 0 0 190 0 0 0 100 106 123 119 136 151 0 0 0 0 0 0

0 11 4 0 0 0 0 0 0 0 0 0 0 0 12 1 0 0 0 0 0 0 0 0 0 0

0 100 103 0 0 0 0 0 0 0 0 0 0 0 100 96 0 0 0 0 0 0 0 0 0 0

42 80 51 37 16 0 4 3 1 0 1 1 0 24 68 45 27 12 1 1 1 0 0 0 0 0

59 104 120 133 152 0 183 178 178 0 196 228 0 58 106 124 134 140 202 143 204 0 0 0 0 0

0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 99 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0

less than $100,000current inventory: 9absorption rate: 2.2 months

$100,000 - $199,999current inventory: 29absorption rate: 2.9 months

$200,000 - $299,999current inventory: 26absorption rate: 4 months

$300,000 - $399,999current inventory: 23absorption rate: 4.8 months

$400,000 - $499,999current inventory: 28absorption rate: 12 months

$500,000 - $599,999current inventory: 10absorption rate: 17.2 months

$600,000 - $699,999current inventory: 9absorption rate: 9.8 months

$700,000 - $799,999current inventory: 5absorption rate: 20 months

$800,000 - $899,999current inventory: 5absorption rate: 20 months

$900,000 - $999,999current inventory: 1absorption rate: no sales to compare

$1,000,000 - $1,499,999current inventory: 6absorption rate: 36.1 months

$1,500,000 - $2,000,000current inventory: 2absorption rate: 24.1 months

greater than $2,000,000current inventory: 2absorption rate: no sales to compare

Absorption RateOrange H

igh Sc

hool

17

Page 18: Cooke report november 2015

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9

New Construction Single Family

Number of Sales

Dollar per Sq Ft

New Construction Townhomeand Condominium

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale less than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiumless than 10 years old

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale more than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiummore than 10 years old

Number of Sales

Dollar per Sq Ft

0 16 15 8 1 0 1 0 0 0 0 0 0 0 22 15 3 1 0 0 0 0 0 0 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 97 96 151 201 0 155 0 0 0 0 0 0 0 84 98 177 150 0 0 0 0 0 0 0 0

0 0 0 1 0 0 0 0 0 0 0 0 0 0 15 0 0 0 0 0 0 0 0 0 0 0

0 0 0 101 0 0 0 0 0 0 0 0 0 0 72 0 0 0 0 0 0 0 0 0 0 0

3 35 17 9 3 1 0 0 0 0 0 0 0 4 41 23 12 2 1 1 0 0 0 0 0 0

65 82 96 119 120 134 0 0 0 0 0 0 0 44 82 90 130 129 140 239 0 0 0 0 0 0

1 15 1 1 0 0 0 0 0 0 0 0 0 1 8 2 0 0 0 0 0 0 0 0 0 0

69 76 114 106 0 0 0 0 0 0 0 0 0 80 74 110 0 0 0 0 0 0 0 0 0 0

97 203 99 31 9 0 0 0 1 1 1 0 0 106 181 77 26 6 2 0 2 0 0 1 1 0

52 96 105 117 142 0 0 0 148 146 142 0 0 48 94 111 126 130 106 0 123 0 0 147 199 0

5 8 0 0 0 0 0 0 0 0 0 0 0 6 8 0 0 0 0 0 0 0 0 0 0 0

67 70 0 0 0 0 0 0 0 0 0 0 0 70 69 0 0 0 0 0 0 0 0 0 0 0

18

Page 19: Cooke report november 2015

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 16 15 8 1 0 1 0 0 0 0 0 0 0 22 15 3 1 0 0 0 0 0 0 0 0

0 97 96 151 201 0 155 0 0 0 0 0 0 0 84 98 177 150 0 0 0 0 0 0 0 0

0 0 0 1 0 0 0 0 0 0 0 0 0 0 15 0 0 0 0 0 0 0 0 0 0 0

0 0 0 101 0 0 0 0 0 0 0 0 0 0 72 0 0 0 0 0 0 0 0 0 0 0

3 35 17 9 3 1 0 0 0 0 0 0 0 4 41 23 12 2 1 1 0 0 0 0 0 0

65 82 96 119 120 134 0 0 0 0 0 0 0 44 82 90 130 129 140 239 0 0 0 0 0 0

1 15 1 1 0 0 0 0 0 0 0 0 0 1 8 2 0 0 0 0 0 0 0 0 0 0

69 76 114 106 0 0 0 0 0 0 0 0 0 80 74 110 0 0 0 0 0 0 0 0 0 0

97 203 99 31 9 0 0 0 1 1 1 0 0 106 181 77 26 6 2 0 2 0 0 1 1 0

52 96 105 117 142 0 0 0 148 146 142 0 0 48 94 111 126 130 106 0 123 0 0 147 199 0

5 8 0 0 0 0 0 0 0 0 0 0 0 6 8 0 0 0 0 0 0 0 0 0 0 0

67 70 0 0 0 0 0 0 0 0 0 0 0 70 69 0 0 0 0 0 0 0 0 0 0 0

less than $100,000current inventory: 5absorption rate: 3 months

$100,000 - $199,999current inventory: 20absorption rate: 2.4 months

$200,000 - $299,999current inventory: 49absorption rate: 3.1 months

$300,000 - $399,999current inventory: 79absorption rate: 4.1 months

$400,000 - $499,999current inventory: 83absorption rate: 5.3 months

$500,000 - $599,999current inventory: 53absorption rate: 7.1 months

$600,000 - $699,999current inventory: 27absorption rate: 9.8 months

$700,000 - $799,999current inventory: 28absorption rate: 21.1 months

$800,000 - $899,999current inventory: 15absorption rate: 15 months

$900,000 - $999,999current inventory: 11absorption rate: 18.8 months

$1,000,000 - $1,499,999current inventory: 13absorption rate: 19.7 months

$1,500,000 - $2,000,000current inventory: 5absorption rate: 30.1 months

greater than $2,000,000current inventory: 5absorption rate: 60.2 months

Absorption RateNorthern H

igh Sc

hool

19

Page 20: Cooke report november 2015

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9

New Construction Single Family

Number of Sales

Dollar per Sq Ft

New Construction Townhomeand Condominium

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale less than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiumless than 10 years old

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale more than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiummore than 10 years old

Number of Sales

Dollar per Sq Ft

0 0 5 3 0 2 1 8 4 0 0 0 0 0 1 4 7 0 0 10 2 0 0 0 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 0 155 126 0 175 182 182 210 0 0 0 0 0 105 132 116 0 0 173 178 0 0 0 0 0

0 12 4 0 0 0 0 0 0 0 0 0 0 54 16 0 0 0 0 0 0 0 0 0 0 0

0 133 137 0 0 0 0 0 0 0 0 0 0 0 109 132 0 0 0 0 0 0 0 0 0 0

3 7 6 7 5 3 0 0 2 0 1 0 0 1 9 8 8 5 0 0 0 0 0 1 0 0

64 110 96 133 126 134 0 0 210 0 241 0 0 68 95 119 126 120 0 0 0 0 0 245 0 0

2 16 9 1 1 0 0 0 0 0 0 0 0 3 3 8 4 0 0 0 0 0 0 0 0 0

67 119 187 252 199 0 0 0 0 0 0 0 0 57 91 198 246 0 0 0 0 0 0 0 0 0

41 196 105 49 20 5 1 2 1 0 0 0 0 67 205 116 43 13 6 2 2 0 0 1 0 0

68 108 139 165 161 185 211 171 249 0 0 0 0 64 107 131 147 154 172 233 164 0 0 210 0 0

45 32 6 3 0 0 0 0 0 0 0 0 0 35 34 3 5 0 0 0 0 0 0 0 0 0

80 100 1 86 170 0 0 0 0 0 0 0 0 0 73 109 134 195 0 0 0 0 0 0 0 0 0

20

Page 21: Cooke report november 2015

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 0 5 3 0 2 1 8 4 0 0 0 0 0 1 4 7 0 0 10 2 0 0 0 0 0

0 0 155 126 0 175 182 182 210 0 0 0 0 0 105 132 116 0 0 173 178 0 0 0 0 0

0 12 4 0 0 0 0 0 0 0 0 0 0 54 16 0 0 0 0 0 0 0 0 0 0 0

0 133 137 0 0 0 0 0 0 0 0 0 0 0 109 132 0 0 0 0 0 0 0 0 0 0

3 7 6 7 5 3 0 0 2 0 1 0 0 1 9 8 8 5 0 0 0 0 0 1 0 0

64 110 96 133 126 134 0 0 210 0 241 0 0 68 95 119 126 120 0 0 0 0 0 245 0 0

2 16 9 1 1 0 0 0 0 0 0 0 0 3 3 8 4 0 0 0 0 0 0 0 0 0

67 119 187 252 199 0 0 0 0 0 0 0 0 57 91 198 246 0 0 0 0 0 0 0 0 0

41 196 105 49 20 5 1 2 1 0 0 0 0 67 205 116 43 13 6 2 2 0 0 1 0 0

68 108 139 165 161 185 211 171 249 0 0 0 0 64 107 131 147 154 172 233 164 0 0 210 0 0

45 32 6 3 0 0 0 0 0 0 0 0 0 35 34 3 5 0 0 0 0 0 0 0 0 0

80 100 1 86 170 0 0 0 0 0 0 0 0 0 73 109 134 195 0 0 0 0 0 0 0 0 0

less than $100,000current inventory: 9absorption rate: 1.2 months

$100,000 - $199,999current inventory: 52absorption rate: 2.3 months

$200,000 - $299,999current inventory: 25absorption rate: 2.2 months

$300,000 - $399,999current inventory: 19absorption rate: 3.6 months

$400,000 - $499,999current inventory: 12absorption rate: 5.3 months

$500,000 - $599,999current inventory: 9absorption rate: 11 months

$600,000 - $699,999current inventory: 7absorption rate: 42.2 months

$700,000 - $799,999current inventory: 9absorption rate: 10.8 months

$800,000 - $899,999current inventory: 4absorption rate: 6.9 months

$900,000 - $999,999current inventory: 4absorption rate: no sales to compare

$1,000,000 - $1,499,999current inventory: 10absorption rate: 120.5 months

$1,500,000 - $2,000,000current inventory: 0absorption rate: no sales to compare

greater than $2,000,000current inventory: 0absorption rate: no sales to compare

Absorption RateRiv

ersid

e H

igh Sc

hool

21

Page 22: Cooke report november 2015

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9

New Construction Single Family

Number of Sales

Dollar per Sq Ft

New Construction Townhomeand Condominium

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale less than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiumless than 10 years old

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale more than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiummore than 10 years old

Number of Sales

Dollar per Sq Ft

0 17 7 48 30 2 4 1 2 0 0 1 0 0 9 27 34 24 10 6 0 0 0 3 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 124 133 131 131 148 186 188 232 0 0 224 0 0 125 122 128 143 162 154 0 0 0 234 0 0

0 0 0 4 2 2 0 0 0 0 0 0 0 0 0 1 5 3 1 0 0 0 0 0 0 0

0 0 0 167 204 252 0 0 0 0 0 0 0 0 0 171 158 184 170 0 0 0 0 0 0 0

3 5 15 48 21 11 2 4 2 1 1 1 1 0 5 18 32 15 5 6 0 0 0 0 0 0

67 97 130 121 132 152 145 119 170 0 199 205 409 0 111 119 113 136 192 158 0 0 0 0 0 0

0 42 27 5 2 0 0 0 0 0 0 0 0 0 27 24 4 2 0 0 0 0 0 0 0 0

0 111 133 172 0 0 0 0 0 0 0 0 0 0 106 127 166 146 0 0 0 0 0 0 0 0

25 157 290 118 35 19 15 2 6 2 5 0 0 26 161 255 124 39 20 11 12 5 4 1 1 1

49 118 125 133 145 185 170 244 185 206 271 0 0 35 113 119 130 158 167 178 186 178 195 222 266 453

27 183 15 0 1 0 0 0 0 0 0 0 0 37 153 11 3 0 0 0 0 0 0 0 0 0

77 103 114 0 285 0 0 0 0 0 0 0 0 70 99 143 169 0 0 0 0 0 0 0 0 0

22

Page 23: Cooke report november 2015

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 17 7 48 30 2 4 1 2 0 0 1 0 0 9 27 34 24 10 6 0 0 0 3 0 0

0 124 133 131 131 148 186 188 232 0 0 224 0 0 125 122 128 143 162 154 0 0 0 234 0 0

0 0 0 4 2 2 0 0 0 0 0 0 0 0 0 1 5 3 1 0 0 0 0 0 0 0

0 0 0 167 204 252 0 0 0 0 0 0 0 0 0 171 158 184 170 0 0 0 0 0 0 0

3 5 15 48 21 11 2 4 2 1 1 1 1 0 5 18 32 15 5 6 0 0 0 0 0 0

67 97 130 121 132 152 145 119 170 0 199 205 409 0 111 119 113 136 192 158 0 0 0 0 0 0

0 42 27 5 2 0 0 0 0 0 0 0 0 0 27 24 4 2 0 0 0 0 0 0 0 0

0 111 133 172 0 0 0 0 0 0 0 0 0 0 106 127 166 146 0 0 0 0 0 0 0 0

25 157 290 118 35 19 15 2 6 2 5 0 0 26 161 255 124 39 20 11 12 5 4 1 1 1

49 118 125 133 145 185 170 244 185 206 271 0 0 35 113 119 130 158 167 178 186 178 195 222 266 453

27 183 15 0 1 0 0 0 0 0 0 0 0 37 153 11 3 0 0 0 0 0 0 0 0 0

77 103 114 0 285 0 0 0 0 0 0 0 0 70 99 143 169 0 0 0 0 0 0 0 0 0

less than $100,000current inventory: 6absorption rate: 1.3 months

$100,000 - $199,999current inventory: 66absorption rate: 2.3 months

$200,000 - $299,999current inventory: 46absorption rate: 1.6 months

$300,000 - $399,999current inventory: 57absorption rate: 3.1 months

$400,000 - $499,999current inventory: 47absorption rate: 5.9 months

$500,000 - $599,999current inventory: 13absorption rate: 4.6 months

$600,000 - $699,999current inventory: 9absorption rate: 5.4 months

$700,000 - $799,999current inventory: 5absorption rate: 8.6 months

$800,000 - $899,999current inventory: 3absorption rate: 3.6 months

$900,000 - $999,999current inventory: 2absorption rate: 12.5 months

$1,000,000 - $1,499,999current inventory: 4absorption rate: 8 months

$1,500,000 - $2,000,000current inventory: 1absorption rate: 4 months

greater than $2,000,000current inventory: 4absorption rate: no sales to compare

Absorption RateJo

rdan H

igh Sc

hool

23

Page 24: Cooke report november 2015

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9

New Construction Single Family

Number of Sales

Dollar per Sq Ft

New Construction Townhomeand Condominium

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale less than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiumless than 10 years old

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale more than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiummore than 10 years old

Number of Sales

Dollar per Sq Ft

0 2 32 116 116 53 12 6 4 3 0 0 0 0 1 50 120 90 31 20 8 2 1 2 0 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 140 140 143 146 149 170 200 193 206 0 0 0 0 142 136 141 141 154 168 184 159 196 215 0 0

0 0 2 0 0 0 0 0 0 0 0 0 0 0 3 4 0 0 0 0 0 0 0 0 0 0

0 0 128 0 0 0 0 0 0 0 0 0 0 0 113 132 0 0 0 0 0 0 0 0 0 0

0 6 45 66 37 18 15 7 5 0 5 2 1 0 14 72 52 42 20 9 5 1 0 3 0 0

0 112 144 149 143 141 166 168 172 0 193 215 271 0 102 140 147 135 139 158 145 143 0 228 0 0

0 8 15 0 0 0 0 0 0 0 0 0 0 0 9 14 0 0 0 0 0 0 0 0 0 0

0 117 159 0 0 0 0 0 0 0 0 0 0 0 115 146 0 0 0 0 0 0 0 0 0 0

14 62 81 47 37 19 6 3 3 4 4 0 0 15 66 61 48 30 20 6 4 3 1 1 0 0

69 114 130 146 146 152 155 206 163 183 195 0 0 62 109 125 143 172 135 134 155 162 164 124 0 0

1 12 16 1 0 0 0 0 0 0 0 0 0 2 6 15 1 0 0 0 0 0 0 0 0 0

95 117 111 113 0 0 0 0 0 0 0 0 0 67 112 115 155 0 0 0 0 0 0 0 0 0

24

Page 25: Cooke report november 2015

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 2 32 116 116 53 12 6 4 3 0 0 0 0 1 50 120 90 31 20 8 2 1 2 0 0

0 140 140 143 146 149 170 200 193 206 0 0 0 0 142 136 141 141 154 168 184 159 196 215 0 0

0 0 2 0 0 0 0 0 0 0 0 0 0 0 3 4 0 0 0 0 0 0 0 0 0 0

0 0 128 0 0 0 0 0 0 0 0 0 0 0 113 132 0 0 0 0 0 0 0 0 0 0

0 6 45 66 37 18 15 7 5 0 5 2 1 0 14 72 52 42 20 9 5 1 0 3 0 0

0 112 144 149 143 141 166 168 172 0 193 215 271 0 102 140 147 135 139 158 145 143 0 228 0 0

0 8 15 0 0 0 0 0 0 0 0 0 0 0 9 14 0 0 0 0 0 0 0 0 0 0

0 117 159 0 0 0 0 0 0 0 0 0 0 0 115 146 0 0 0 0 0 0 0 0 0 0

14 62 81 47 37 19 6 3 3 4 4 0 0 15 66 61 48 30 20 6 4 3 1 1 0 0

69 114 130 146 146 152 155 206 163 183 195 0 0 62 109 125 143 172 135 134 155 162 164 124 0 0

1 12 16 1 0 0 0 0 0 0 0 0 0 2 6 15 1 0 0 0 0 0 0 0 0 0

95 117 111 113 0 0 0 0 0 0 0 0 0 67 112 115 155 0 0 0 0 0 0 0 0 0

less than $100,000current inventory: 4absorption rate: 2.1 months

$100,000 - $199,999current inventory: 36absorption rate: 4.2 months

$200,000 - $299,999current inventory: 45absorption rate: 2.5 months

$300,000 - $399,999current inventory: 74absorption rate: 4 months

$400,000 - $499,999current inventory: 96absorption rate: 7 months

$500,000 - $599,999current inventory: 76absorption rate: 12.7 months

$600,000 - $699,999current inventory: 31absorption rate: 10.7 months

$700,000 - $799,999current inventory: 10absorption rate: 7.1 months

$800,000 - $899,999current inventory: 10absorption rate: 20 months

$900,000 - $999,999current inventory: 15absorption rate: 90.4 months

$1,000,000 - $1,499,999current inventory: 15absorption rate: 45.5 months

$1,500,000 - $2,000,000current inventory: 3absorption rate: no sales to compare

greater than $2,000,000current inventory: 6absorption rate: no sales to compare

Absorption RateNorthw

ood H

igh Sc

hool

25

Page 26: Cooke report november 2015

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9

New Construction Single Family

Number of Sales

Dollar per Sq Ft

New Construction Townhomeand Condominium

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale less than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiumless than 10 years old

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale more than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiummore than 10 years old

Number of Sales

Dollar per Sq Ft

0 0 33 132 142 63 78 40 19 8 4 2 0 0 6 24 291 172 79 47 26 10 7 7 1 0

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 0 134 144 142 147 158 165 185 18 202 212 0 0 106 137 129 133 140 156 161 176 179 207 207 0

0 8 269 69 0 0 0 0 0 0 0 0 0 0 86 192 118 1 0 0 0 0 0 0 0 0

0 112 128 142 0 0 0 0 0 0 0 0 0 0 115 126 153 137 0 0 0 0 0 0 0 0

0 1 79 201 143 87 34 12 7 3 10 1 1 0 5 69 182 115 55 28 17 6 2 6 0 0

0 113 130 129 131 145 148 151 160 155 190 310 225 0 112 124 121 130 140 146 148 158 184 183 0 0

0 163 193 34 6 1 3 0 0 0 0 0 0 5 213 152 20 2 1 3 0 0 0 0 0 0

0 112 120 141 158 162 169 0 0 0 0 0 0 119 107 118 133 146 155 174 0 0 0 0 0 0

2 245 764 522 178 70 48 19 8 3 4 3 0 8 293 702 428 172 82 46 9 9 3 9 2 0

59 123 129 130 138 149 156 154 178 170 183 234 0 65 115 122 124 136 145 154 165 170 201 176 204 0

34 324 77 11 2 3 2 0 0 0 0 0 0 43 288 61 8 3 1 1 0 0 0 0 0 0

89 106 131 129 127 161 192 0 0 0 0 0 0 81 99 124 142 132 242 150 0 0 0 0 0 0

26

Page 27: Cooke report november 2015

$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 0 33 132 142 63 78 40 19 8 4 2 0 0 6 24 291 172 79 47 26 10 7 7 1 0

0 0 134 144 142 147 158 165 185 18 202 212 0 0 106 137 129 133 140 156 161 176 179 207 207 0

0 8 269 69 0 0 0 0 0 0 0 0 0 0 86 192 118 1 0 0 0 0 0 0 0 0

0 112 128 142 0 0 0 0 0 0 0 0 0 0 115 126 153 137 0 0 0 0 0 0 0 0

0 1 79 201 143 87 34 12 7 3 10 1 1 0 5 69 182 115 55 28 17 6 2 6 0 0

0 113 130 129 131 145 148 151 160 155 190 310 225 0 112 124 121 130 140 146 148 158 184 183 0 0

0 163 193 34 6 1 3 0 0 0 0 0 0 5 213 152 20 2 1 3 0 0 0 0 0 0

0 112 120 141 158 162 169 0 0 0 0 0 0 119 107 118 133 146 155 174 0 0 0 0 0 0

2 245 764 522 178 70 48 19 8 3 4 3 0 8 293 702 428 172 82 46 9 9 3 9 2 0

59 123 129 130 138 149 156 154 178 170 183 234 0 65 115 122 124 136 145 154 165 170 201 176 204 0

34 324 77 11 2 3 2 0 0 0 0 0 0 43 288 61 8 3 1 1 0 0 0 0 0 0

89 106 131 129 127 161 192 0 0 0 0 0 0 81 99 124 142 132 242 150 0 0 0 0 0 0

less than $100,000current inventory: 3absorption rate: .97 months

$100,000 - $199,999current inventory: 13absorption rate: .19 months

$200,000 - $299,999current inventory: 18absorption rate: .56 months

$300,000 - $399,999current inventory: 39absorption rate: 1.3 months

$400,000 - $499,999current inventory: 59absorption rate: 1.4 months

$500,000 - $599,999current inventory: 101absorption rate: 5.4 months

$600,000 - $699,999current inventory: 69absorption rate: 5 months

$700,000 - $799,999current inventory: 43absorption rate: 7.3 months

$800,000 - $899,999current inventory: 12absorption rate: 4.2 months

$900,000 - $999,999current inventory: 6absorption rate: 5.1 months

$1,000,000 - $1,499,999current inventory: 10absorption rate: 6.7 months

$1,500,000 - $2,000,000current inventory: 1absorption rate: 2 months

greater than $2,000,000current inventory: 4absorption rate: 48.2 months

Absorption RateCary, M

orrisv

ille &

Ape

xAreas 0

05, 0

10, a

nd 0

15

27

Page 28: Cooke report november 2015

Price Range

less tha

n $100,0

00

$100,0

00 - $

199,99

9

$200,0

00 - $

299,99

9

$300,0

00 - $

399,99

9

$400,0

00 - $

499

,999

$500,0

00 - $

599,99

9

$600,0

00 - $

699,99

9

$700,0

00 - $

799,99

9

$800,0

00 - $

899,99

9

$900,0

00 - $

999,99

9

New Construction Single Family

Number of Sales

Dollar per Sq Ft

New Construction Townhomeand Condominium

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale less than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiumless than 10 years old

Number of Sales

Dollar per Sq Ft

Single Family Re-Sale more than 10 years old

Number of Sales

Dollar per Sq Ft

Townhome and Condominiummore than 10 years old

Number of Sales

Dollar per Sq Ft

0 0 14 20 38 47 43 39 9 7 7 1 0 0 6 27 38 26 32 55 36 20 9 5 0 1

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

recentpast

0 0 128 143 162 174 197 196 216 212 264 253 0 0 125 120 131 153 175 175 189 203 214 256 0 467

0 39 46 37 39 0 0 0 0 0 0 0 0 0 79 38 16 14 6 1 0 0 0 0 0 0

0 123 167 173 173 0 0 0 0 0 0 0 0 0 117 146 161 189 193 185 0 0 0 0 0 0

0 2 22 47 25 19 26 9 13 4 6 3 1 0 6 23 26 31 23 12 13 9 4 9 1 1

0 122 123 139 153 153 168 185 196 179 233 248 273 0 122 118 138 148 164 174 193 175 178 229 251 238

2 183 171 51 13 3 3 2 1 0 0 0 0 4 218 153 36 10 1 4 1 0 0 0 0 0

71 111 142 204 223 222 339 249 272 0 0 0 0 77 107 126 198 237 262 259 190 0 0 0 0 0

16 321 649 424 185 105 42 30 20 7 18 4 1 17 393 552 381 150 76 52 28 15 10 8 0 1

70 114 139 157 174 199 194 194 236 240 246 345 219 234 539 138 158 172 189 191 204 205 204 243 0 537

232 733 151 42 15 6 1 2 0 0 1 0 0 234 539 112 31 10 4 0 0 1 0 0 0 0

75 96 147 170 149 177 263 294 0 0 400 0 0 70 104 138 145 191 227 0 0 299 0 0 0 0

28

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$1,0

00,0

00 - $

1,499

,999

$1,500,0

00 - $

2,000,0

00

grea

ter th

an $

2,000,0

00

0 0 14 20 38 47 43 39 9 7 7 1 0 0 6 27 38 26 32 55 36 20 9 5 0 1

0 0 128 143 162 174 197 196 216 212 264 253 0 0 125 120 131 153 175 175 189 203 214 256 0 467

0 39 46 37 39 0 0 0 0 0 0 0 0 0 79 38 16 14 6 1 0 0 0 0 0 0

0 123 167 173 173 0 0 0 0 0 0 0 0 0 117 146 161 189 193 185 0 0 0 0 0 0

0 2 22 47 25 19 26 9 13 4 6 3 1 0 6 23 26 31 23 12 13 9 4 9 1 1

0 122 123 139 153 153 168 185 196 179 233 248 273 0 122 118 138 148 164 174 193 175 178 229 251 238

2 183 171 51 13 3 3 2 1 0 0 0 0 4 218 153 36 10 1 4 1 0 0 0 0 0

71 111 142 204 223 222 339 249 272 0 0 0 0 77 107 126 198 237 262 259 190 0 0 0 0 0

16 321 649 424 185 105 42 30 20 7 18 4 1 17 393 552 381 150 76 52 28 15 10 8 0 1

70 114 139 157 174 199 194 194 236 240 246 345 219 234 539 138 158 172 189 191 204 205 204 243 0 537

232 733 151 42 15 6 1 2 0 0 1 0 0 234 539 112 31 10 4 0 0 1 0 0 0 0

75 96 147 170 149 177 263 294 0 0 400 0 0 70 104 138 145 191 227 0 0 299 0 0 0 0

less than $100,000current inventory: 49absorption rate: 2.3 months

$100,000 - $199,999current inventory: 23absorption rate: .73 months

$200,000 - $299,999current inventory: 33absorption rate: 1.1 months

$300,000 - $399,999current inventory: 52absorption rate: .94 months

$400,000 - $499,999current inventory: 60absorption rate: 2.3 months

$500,000 - $599,999current inventory: 51absorption rate: 3.4 months

$600,000 - $699,999current inventory: 57absorption rate: 5.9 months

$700,000 - $799,999current inventory: 62absorption rate: 9.1 months

$800,000 - $899,999current inventory: 26absorption rate: 7.3 months

$900,000 - $999,999current inventory: 18absorption rate: 12 months

$1,000,000 - $1,499,999current inventory: 30absorption rate: 11.3 months

$1,500,000 - $2,000,000current inventory: 13absorption rate: 19.7 months

greater than $2,000,000current inventory: 5absorption rate: 30.1 months

Absorption RateCentral R

ale

igh

areas 0

01, 0

02, a

nd 0

04

29

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31

Notable homes come

with a heritage, they

are a landmark of the

community. That legacy

begins with the site

as inspiration. Over

three acres of exquisite,

manicured grounds provide

a setting like none other for

3124 Surrey Road, an

icon imbued with refined

architectural grace.

Page 32: Cooke report november 2015

3124 Surrey Road3124 Surrey Road was one of the earliest homes built in Hope Valley, an English countryside inspired community centered around a

Donald Ross golf course. The original construction dates to 1938. In 1996, even though it was not on the market, a couple knocked

on the door and asked to purchase the residence. After the purchase they engaged renowned architect Hutch Johnson and respected

builder Leon Meyers to combine their expertise and talent to create a timeless addition that looked original to the house. The home

was featured on Good Morning America as an example of excellence in design . . . respecting historical elements and adding classical

rooms true to the genre. The current owners have made other additions, and each time have continued the collaboration with Hutch

Johnson and Leon Meyers. The splendid interior design focuses attention to the grounds, each room inviting extended views and access

32

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33

Offered at $3,500,000

9085 Heated Sq Ft

Five Bedrooms, Four Full and Three Half Baths

Sited on 3.12 Acres on the Hope Valley Golf Course

to multiple terraces, porches and gardens. The center garden room is a

focal point that centers the house. A horizontal layer of windows envelope

the vaulted ceiling. The effect is reminiscent of the grand solariums found

in major estates throughout Europe and the US. What brilliant grounding

to this noble estate.

The mahogany study pictured to the left is original to the house. Note the

furniture quality joinery and intricate detail. One of the six fireplaces is located

in this room.

Above is the separate guest house. This charming cottage includes a kitchen,

vaulted great room, and bedroom suite.

Mere words can’t give credence to this fine home. From the trompe l’oeil

painting in the formal dining room to the chestnut billiard and gaming room,

the effect is an entity that is a home . . . one that is welcoming and rich with love.

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34

28 W hitley Drive

Offered at $1,650,000

7593 Heated Sq Ft

Five Bedrooms, Six Full and Two Half Baths

Sited on .93 Acres on the Golf Course in the Oaks

Modern with traditional references, this custom home exudes

volume and comfort. Vaulted coffered ceilings, a library turret, deep

cove moldings and extensive hardwood floors nod to traditional

architecture, while an enormous state-of-the-art kitchen, clean lines

and high ceilings reference the most modern, in-demand requisites.

There are two master suites, one on the main level and another on the

second floor. Additional rooms include an in-home theater, exercise/

glass sitting room on the main level, and a third floor sixth bedroom/

bonus room. An elevator keeps all levels accessible. Lutron lighting,

central vacuum, steam shower, distributed audio system and circular

drive are appreciated amenities. The almost one acre homesite is on

the 16th fairway of Chapel Hill Country Club. Stacked stone landscape

walls, limestone terraced seating areas, a gazebo, an in-ground pool

and cabana house contribute to the exquisite setting.

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35

118 Stoneridge DriveHere, in the coveted community of Stoneridge, sits an architectural

gem. This exceptional ranch style home both enhances and blends into

its incredible surroundings. One of the first impressions on entering is

how the sophisticated style seamlessly incorporates natural elements

reflective of the home’s setting. The natural stone present on the

exterior is carried into the foyer and then to other areas. Hardwood

floors are found throughout most of the home and act as a reflective

surface for both sunlight and the Lutron lighting to play. The vaulted

great room with a fireplace encased in the immense stone wall is the

soul of the home, while the kitchen, offering exceptional functionality

combined with a classic aesthetic, remains the heart. But it’s the lower

level recreation room that guarantees hours of entertainment. Backing

up to Duke Forest, the home offers both privacy and the promise of

natural beauty no matter the time of year.

Offered at $1,155,000

5111 Heated Sq Ft

Four Bedrooms, Four Full and Two Half Baths

Sited on 4.95 Acres in Stoneridge ... with Chapel Hill Schools

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3636383636

7111 Creek Wood Drive

Offered at $1,150,000

6133 Heated Sq Ft

Six Bedrooms, Four Full and One Half Baths

Sited on 2.06 Acres in Creek Wood ... with Chapel Hill Schools

Set within a spacious, private and wooded lot in Creek Wood, this

home combines the serenity of the views and sounds of nature with

elegance, sophistication and beauty. From first glance, the immaculate

design of the exterior facade sets the tone, but inside, it becomes

obvious that this is not just another house, it is a statement in classic

refinement and quality details. With the hardwood flooring, heavy

crown moulding, master bedroom with vaulted ceiling and true chef’s

kitchen, the distinction is blurred between a weekend getaway home

and one that is for everyday living. Three levels of living space provide

plenty of room in this home – in addition to the main level where you’ll

find the master suite, the upper level boasts three more bedrooms, a

bonus, a media room and plenty of storage while the lower level is a

self-sufficient suite unto itself with a living room, kitchen, dining room,

two bedrooms and a full bath.

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3737

410 Woodgate DriveNestled on a 2.8 acre lot that borders Nature Conservancy land, this

soft-contemporary home melds beautifully with its environment. Its

incorporation of natural wood and stone makes it warm, comfortable

and inviting. 410 Woodgate Drive showcases the refined construction

of well-respected Chapel Hill builder, Jim Henry. Clean lines, purity of

design, quality craftsmanship and a beautiful setting distinguish this

property as a one-of-a-kind home. Elements include artistic layers of

lighting, hardwood flooring, nearly floor-to-ceiling casement windows

with woodland views, alcoves designed for furniture placement and

artistic displays, and dimension that extends passed designed tiered

ceilings and walls. Designed by award winning architect, Michael

Barclay, this home captures his nationally renowned style of blending

Northwest Contemporary and Prairie elements. First floor rooms

include the master suite and an office with private entrance.

Offered at $970,000

4471 Heated Sq Ft

Four Bedrooms, Three Full and One Half Baths

Sited on 2.85 Acres in the Woodlands ... with Chapel Hill Schools

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105 Millbrae LaneThis sleek, Contemporary, European style home located on a spacious

lot in the Chesley community is truly a work of art – evidenced by the

well-landscaped grounds; multi-tiered garden boxes; and all-brick

walled courtyard, walkway and entry stairs found on the exterior,

and the all solid wood doors with Baldwin Brass fixtures and endless

hardwoods on the first and second level (except for the marble tile

located in the foyer) found throughout the interior. The kitchen is a

“must see” in this spacious home. Remodeled by CKS Design, honed

granite counters make up the majority of the work space while amethyst

speckled movement stone tops off the bar counter. Segmented “instant

close” drawers complete the underside of the counters. Uplighting

above the cabinets and Lutron lighting allow you to illuminate the

space any way you can imagine. There is nothing about this home that

hasn’t been carefully considered and strategically implemented.

Offered at $900,000

4771 Heated Sq Ft

Five Bedrooms, Four Full and One Half Baths

Sited on .54 Acres in Chesley3838

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37 39

3414 Tree Farm Road

Offered at $850,000

3877 Heated Sq Ft

Four Bedrooms, Three Full and One Half Baths

Sited on 10.34 Acres, in Hillsborough, NC

An artistic, sophisticated home on over ten acres of immaculately

landscaped property with pristine, private views near Historic

Hillsborough is a rare but treasured find. Inside, every detail has been

considered – from the hardwood flooring to the audio, electronic and

multi-media system and pre-wiring, and from the granite counters to the

Aga dual-fuel, radiant heat, six-burner and four oven cooking system.

The great room features vaulted ceilings, a stone encased fireplace and

access to a wet bar, while the formal dining room adjoins the true chef’s

kitchen through a butler’s pantry. The private, spa-like master suite

is found on the lower level and three additional bedrooms, a bonus

room and study reside upstairs. Custom built by Pomarico Construction

Company, with four generations of building experience, this home is

aligned with the integrity of the builder – a true masterpiece, and one

that embodies excellent craftsmanship and design.

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4242

5909 Beech Bluff

Offered at $725,000

4599 Heated Sq Ft

Four Bedrooms, Three Full and One Half Baths

Sited on .93 Acres, near Duke and UNC

This custom-constructed, 4599 square foot home, situated on a cul-

de-sac lot is splendidly embraced by its natural setting – with its stone

front porch granting dramatic views of the pristine downward sloping

terrain of Piney Mountain Creek. Inside, this exceptionally built home

achieves its desired warmth, comfort and visual drama by blending a

contemporary look of clean lines with appealing architectural elements

such as coffered, trey and vaulted ceilings; half walls delineating spaces;

columns with intricate carvings and stately mouldings. Hardwood

flooring runs through the main level living space extending elegance

to a home with an already carefully-considered floor plan in which

spacious rooms can easily accommodate oversized furniture and large

gatherings. The spa-like master suite with trey ceiling is found on the

main level, while the lower levels adds even more living space and a

fourth bedroom and full bath.

40

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41

5909 Beech Bluff 4111 Champaign Dr.The quality and craftsmanship of a home are always evidenced first

from the exterior views. Situated on a deep corner lot in New Hope

Valley, multiple vantage points of the home boast exquisite brickwork,

not only found within the facade of the home, but also in the curved

approach from the street. It’s the careful consideration of every detail,

sure to be carried through inside, that entices you to enter and see what

else is in store. Hardwood floors, heavy crown moulding, intricate chair

railing and a charming fireplace are among the careful considerations

adding elegance to the generously sized living spaces. In addition to

the resort-like first floor master, there is a handicapped accessible and

equipped suite with a private sitting room, kitchenette, bedroom and

bath. The upper level boasts a loft, three more bedrooms and two

sizable storage rooms. The deep front porch and a spacious back deck

grant plenty of opportunities for relaxation.

Offered at $635,000

3788 Heated Sq Ft

Five Bedrooms, Three Full and One Half Baths

Sited on .484 Acres in Hope Valley41

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4242

306 Old Larkspur Way

Offered at $625,000

4069 Heated Sq Ft

Five Bedrooms, Four Full Baths

Sited on .28 Acres in Larkspur, Chapel Hill 42

Wonderful opportunities only present themselves on rare occasions,

and here is one, with this immaculate home built by Zinn Design Build in

Larkspur and backing up to private greenspace. The open and spacious

floor plan is perfect for family living and is exquisite in its use of intricate

mouldings, architectural elements, vaulted areas, custom shelving and

cabinetry, accent columns and arched entrances. Hardwood flooring is

also found throughout the entire home except for the third floor bonus

room. The sizable kitchen boasts upscale considerations such as granite

counters and stainless appliances. A first floor guest suite adds private

accommodations for overnight visitors, while the master suite with a

luxurious bath is found on the second floor along with three other

bedrooms. Pristine outside living areas include a spacious front porch,

screen porch and deck, and the neighborhood pool, clubhouse and

playground are an easy walk away.

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41

306 Old Larkspur Way

4141

406 Weaver Mine Tr.Living a beautiful life in the South is not difficult when you have a

wonderful home such as this that embodies all aspects of the true

Southern Style. A symmetrical design with striking black shutters

accenting the brilliant white siding makes neighbors stop to take notice.

Once inside, the gesture of that warm Southern welcome is evidenced

through an open floor plan on the main level where spacious rooms flow

naturally from one to another and boast hardwood flooring. The upper

level master suite features an octagonal shaped trey ceiling, a spa-like

bath and a separate sitting room, while the lower level recreation area,

with ample storage rooms and a full bath, is multi-faceted – zoned for

a theatre area, gaming area and/or children’s play area…the choice

is yours. Located in Meadowmont – a 435-acre extension of Chapel

Hill, near downtown and UNC, and with close proximity to I-40 and

Highway 54 – this home is a rare find.

Offered at $575,000

3150 Heated Sq Ft

Four Bedrooms, Three Full and One Half Baths

Sited on .18 Acres in Meadowmont43

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14 Goldenrod PlaceGood homes are easy to find. But an exceptional one like this, situated

on a cul-de-sac lot in coveted Croasdaile Farm, is rare. And to sweeten

the mix, this all-brick home is set within pristine, well-maintained

landscaping – what else would you expect of a home positioned with

views of the Croasdaile Golf Course. Inside, a true family home such

as this encourages and facilitates time spent together with a warming

ambiance, open and spacious living spaces, and gorgeous views of the

immaculate landscaping and pristine exterior picturesque setting from

every angle. Hardwoods are found throughout most of the lower level

and gleam from the abundant sunlight drawn in from plenty of well-

placed windows. The immaculate kitchen boasts granite counter tops

and maple cabinets, while the first floor master suite is like a resort.

Located in Croasdaile Farm, this community offers convenience to

Duke, major highways, fine dining and entertainment.

Offered at $535,000

3272 Heated Sq Ft

Four Bedrooms, Three Full Baths

Sited on .70 Acres in Croasdaile Farm4242424244

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14 Goldenrod Place

43

3 Winterfield PlaceMaterials and architectural elements have been carefully selected

in this stunning all-brick home to establish an aesthetically pleasing

touch and to render beauty and value at every turn. An open floor

plan in which every area of living space can be seen from the foyer is

embellished by the vaulted ceiling in the great room – the epitome

of spaciousness. The oversized kitchen is well-appointed with upscale

stainless appliances and granite counters, while the first floor master

represents a true suite with a sitting room and spa-like master bath.

Discreetly situated on a cul-de-sac lot, this home is surrounded by

immaculate, well-established landscaping set to an irrigation system.

And found within the Croasdaile Farm community, swimming, tennis

facilities and walking trails which connect to lakes stocked with fish

are all just moments away. Welcome to a fine example of superior

craftsmanship and elegant design.

Offered at $530,000

3720 Heated Sq Ft

Three or Four Bedrooms, Three Full and One Half Baths

Sited on .63 Acres in Croasdaile Farm45

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46

Pullen Parkand Fun is had by Everyone!

where pigs fly ... tigers circle ... paddle boats glide on the lake ... a

train chugs byhttp://www.raleighnc.gov/parks/content/ParksRec/Articles/Parks/Pullen.html

Page 47: Cooke report november 2015

and Fun is had by Everyone!where pigs fly ... tigers circle ...

paddle boats glide on the lake ... a train chugs by

http://www.raleighnc.gov/parks/content/ParksRec/Articles/Parks/Pullen.html

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48

In the heart of Raleigh near downtown and NC State rests an historic site and one of the area's great treasures. Originally farm

land, the 66.33 acres site was donated by Richard Stanhope Pullen on March 22nd, 1887. He expressly stated that the site was

to be used for the "recreational enjoyment of citizens and visitors to Raleigh." This vision became the first public park in North

Carolina. Though it was named Pullen Park, Richard Pullen was opposed to the park bearing his name, as he was consistently shy

of publicity and thanks. He was actively involved in the planning and funding of improvements until his death in 1895 at the age

the Land

of 73; however, no monument or plaque to honor his contributions was errected for nearly 100 years. The city of Raleigh

feared violating the clause stating that the land must be preserved for recreational purposes, but finally honored his gift in 1992

while other renovations and improvements to the park were undertaken. Pullen Park has seen great evolution over the years,

but its contributions to the enrichment of the community have maintained the vision of its founder. Today, it is the 5th oldest

amusement park in the country and 16th in the world.

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49

In 1891, Pullen Park added its first swimming pool. Made out of wood and surrounded by a large pavilion and fountain, it was

exclusively used by men. Four years later, renovations and additions were made to the structure which allowed women and girls

to participate. North Carolina's Jim Crow laws prohibited the use of the pools by African Americans, but the rest of the park

was completely integrated. This differed greatly from other NC parks, which designated "white" and "black" sections. The pool

remained in place until 1992 when construction of the new Pullen Aquatic Center was completed.

Open year round, the facility also hosts the Special Olympics of North Carolina Summer Games in May and June.

Housed here are an Olympic sized swimming pool, a warm water therapy pool, a mezzanine with spectator seating, an outdoor

patio and indoor locker rooms. Water exercise programs, recreational swimming, swim instruction for a variety of skill levels and

lifeguard training are just a few of the options available to the general public. Passes can be purchased for yearly use, or a simple

day of fun in the water.

Swimming

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50

Park Keeper Wiley Howell is the namesake of Howell Lake, one of Pullen Park's popular attractions. Pedal boats and kiddie boats

are available for leisurely rides to view some of the intricate landscaping. Howell and Pullen worked closely together on all of the

landscape design elements, and many of the Magnolias, Oaks and Maple trees were planted by the partners. During the most

recent renovation, the lake was dredged and drained for maintenance and a geothermal energy system was installed.

Boating

In 1899, Howell started a small zoo within Pullen Park. Stemming from the national trend of incorporating zoological parks into

public parks, it began modestly with two raccoons. Eventually it housed an Australian owl, mink, bears, alligators and more. In

1938, the zoo was closed after Howell passed away. None of the other staff members had the experience to care for the animals,

so they were relocated and sold to other zoological parks. It is one of the many attractions that has arrived and departed in the

park's long history, but Howell's contributions are forever etched in both history and present.

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51

Always moving with the times and seeking to improve the park, a miniature train was added in 1950. It goes through a tunnel

and around the park grounds. This train is a near exact replica of a locomotive built by the Danforth-Cooke Locomotive Works in

1863. Built during the Civil War in Patterson, New Jersey, the full sized train was 29 feet long, weighed over thirty-nine thousand

pounds, and was tasked with the construction of the new track across the Rocky Mountains. The one in Pullen Park is a third of

the size of its predecessor, and is tasked with delighting children of all ages.

There are several swing sets, sand areas and other various playground equipment for children to enjoy, but the park caters to

many recreational appetites. From the lighted tennis courts and baseball fields to the picnic areas and the well-manicured trails,

there is something to be explored with every visit. In addition, the Pullen Park Arts Center and the Theater in the Park offer

rotating classes and productions for the enrichment of all.

Trains

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53

Carousel

It is impossible to mention Pullen Park without

including its most popular and most historic

feature, the Carousel. In 1915, the park boasted

a steam driven Merry-go-Round, but by 1920,

the Raleigh City Board voted to "replace the

antiquated machine."

America's first carousel company was founded by

German immigrant, Gustav Dentzel. Though he

began as a cabinet maker, he switched to building

carousels full time in 1876. The Dentzel Carousel

Company closed in 1928, but their works are still

considered to be the finest of their era.

The one residing in Pullen Park was made by

Salvatore Cernigliaro, a master craftsman of the

Dentzel Carousel Company. 52 hand carved

basswood animals, 18 canvas panels, 18 large

guilded mirrors and 2 chariots each display

unique design elements and distinct artistry. A

restoration between 1977 and 1982 uncovered

and documented the original factory paint, and

each element was restored to its exact Munsell

Color System paint color. This careful preservation

of an artistic treasure has enabled it to still delight

and inspire even today.

Of the thousands of American made carousels,

there are less than 200 antique carousels left and

less than 25 are Dentzel. Of those, only 14 are still

in operation. It should come as no surprise that

it was added to the National Register of Historic

Places in 1976 and is a designated Raleigh Historic

Landmark. Of all of Pullen Park's attractions, this is

the most likely to bring out your inner child.

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55

North Carolina State Capitolcirca 1833

"Henceforth our youth may never need to roam the arts to study, better seen at home." The Raleigh Star

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56

GreekRevival

Americans of the early national period admired the classical architecture of the Greeks and Romans. Americans believed that they were shaping a form of government that had not existed since the time of the Roman Republic. A government in which the power resided with the voting citizens and the voting citizens chose their representatives.

Inspiration

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Chronology Prior to 1722, North Carolina was without a fixed capital, Governors (appointed by the King) lived in their own homes and the Assembly moved from place to place, meeting in private homes, and courthouses when available. Edenton was selected as capital in 1722, but by the time modest facilities were constructed, the population center had shifted to the

south, so again the government migrated.

In 1766, New Bern was selected as the capital of North Carolina. One year later, the construction of Tryon Palace began, and the project was completed in 1771. Tryon Palace was designed to function as the governor's residence and office and as the meeting place of the Upper House. A few years later, during the American Revolution, New Bern was threatened by attack and the government fled the city, meeting in both coastal and inland towns. The "palace" was deserted and in 1798 all but one wing burned to the ground.

Post war, the population base of North Carolina shifted further west. In 1788, a State Convention was held in Hillsborough to consider ratification of the United States Constitution. Here the delegates voted to fix the capital within ten miles of Hunter's Tavern in Wake County. Commissioners selected by the General Assembly to select the specific site met at Hunter's Tavern on March 20, 1792. Hunter apparently hoped to sell the land for the capital, but the commissioners adjourned to the residence of Joel Lane, from whom they purchased the land.

City plans were to be based on the existing capital of the United States, the city of Philadelphia. When first established in 1792, Raleigh consisted of four 99 foot wide streets, a few 66 foot wide streets, and five public squares. A central square was reserved for a statehouse building. The state legislature allotted $10,000 for construction of the State House. It was completed in 1796. In 1819 the architect, William Nichols, was hired to embellish the building. He added classical details, a third floor, a rotunda and a dome. In 1831, the remodeled capitol building was destroyed by fire. Ironically, a smelting pot of zinc being used to fireproof the building tipped over onto the roof and started the blaze. The original statue of George Washington by Antonio Canova was damaged beyond repair. Today, a replica of the original stands in the center of the State Capitol rotunda. 57

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5858

In December of 1832, the legislature appropriated $50,000 for the new Capitol, and specified that it be built as an enlarged version of the old State House . . . a cross-shaped building with a central, domed rotunda. And, most important, it was to be fireproof. Plans were submitted by William Nichols, Jr., whose father had worked on the original building, and later by the New York architectural firm of Ithiel Town and Alexander Jackson Davis. The Town-Davis firm was famous for designing buildings in the Greek Revival Style.

Construction began based on the William Nichols, Jr. plan. The cornerstone was laid on July 4, 1833 with full masonic honors by the Grand Master of the State, Simon Jones Baker. Although walls were already several feet high, Nichols was replaced by Town and Davis as the architectural firm to redesign and complete the project. Their firm is credited with its exterior appearance and plan.

David Paton was hired by Town and Davis to supervise construction. Paton was born in Edinburgh and was the son of an acclaimed builder and architect. He attended Edinburgh University and trained as an architect and builder under his father's tutelage. After the death of his young wife, David traveled to the United States, arriving in New York. On arrival, Paton sought employment, and found such in the offices of Town and Davis. Due to his vast experience with the construction of fine-jointed, stone-built Neoclassical buildings they readily employed him and sent David Paton to North Carolina to oversee construction of the North Carolina State Capitol. His rich heritage and classical training led Paton to make valuable changes to the interior design. He is responsible for making the first floor offices and corridors fireproof by spanning them with masonry groin vaults. Paton moved the Supreme Court and Library rooms from the second to the third floor, and redesigned the east and west wings to provide more offices and committee rooms. Public galleries were added at the third floor level where top lit, domed vestibules were designed. In his most dramatic change to the edifice, Paton introduced the galleried circular opening between the first and second floor levels in the rotunda, employing sophisticated engineering techniques to create the breathtaking full height view from ground level to the skylit dome. His cantilevered "pen-checked" stone stairs and simple Greek inspired coffers are elegant and spatially inspiring. Paton patterned the moldings, ornamental plasterwork, and the honeysuckle crown atop the dome after features of ancient Greek temples such as the Parthenon, the Tower of the Winds and the Erechtheum. Paton's interior changes effectually made the building more functional, while introducing greater spatial sophistication and drama.

Town was offended by the significant alterations allowed to the original design without his approval, and officially withdrew from the project. In March 1835, the commissioners appointed David Paton as the architect. The commissioners increased Paton's salary from three dollars a day to five dollars a day, effective February 1, 1837. By early 1840, tension between Paton and the commissioners over additional compensation rose to a level the commissioners would not tolerate, and Paton was dismissed. For many years to follow, Paton futilely pursued his claim for additional compensation. He contended that his services as architect were far more extensive than those called for by his initial contract as superintendent.

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The Capitol was completed in 1840. The total cost including furnishings was $532,682.34.

That sum was more than three times the yearly gross income of the state.

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House of Representatives

This chamber was originally called the House of Commons, but was changed to the House of Representatives in 1868. It seats 120 members in a semicircular plan based on the design of a Grecian amphitheater. The ornate plaster moldings and column capitols are executed in the Corinthian style as seen in the Tower of the Winds in Athens. The top podium was used by the Speaker of the House, the middle podium was occupied by the clerks, and the lower curved table was assigned to newspaper reporters. The Secession Ordinance of 1861 was signed at this curved table. The Thomas Sully portrait of Washington (circa 1818) was saved during the State House fire of 1831. The carpet is a conjectural reproduction of the thirty-one-star pattern added in 1854 for warmth. There were thirty-one states in the nation at that time. The original 84 candle brass chandelier was lowered each day by pulley to light the candles. The mid-nineteenth century brass and copper chandelier that hangs in the house today is lowered on that same mechanism to change the light bulbs.

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Behind The desk

The desks are original and were built by William Thompson, a local cabinetmaker.

Standing in the chamber, it is fascinating to think of the men and women who served in this chamber. A personal favorite is Lillian Exum Clement. Lillian Clement was the youngest of six children, and was born in the Black Mountains of North Folk, North Carolina. In her early teens, Lillian's father moved his family to Asheville, where he helped construct the Biltmore House. Lillian attended school at All Souls Parish and then at Asheville Business College. An eager learner, she furthered her education by studying law under two local practicing attorneys -- J.J. Britt and Robert C. Goldstein. Lillian worked for the Buncombe County sheriff's office while studying law. In 1917, Lillian passed the bar exam and became the first woman in North Carolina to open her own law practice. Within four years she had earned a reputation as a quick-witted and skilled criminal lawyer. In 1920, the Buncombe County Democratic Party asked Lillian Clement to run for a seat in the North Carolina House of Representatives. The 19th Amendment had not been ratified and women were not allowed to vote. She won by a landslide over two male opponents. On January 5, 1921, at the age of 26, Lillian Exum took her seat in the North Carolina House of Representatives. She introduced the "Clement Bill", a measure calling for private voting booths and secret ballots.

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The senate chambers are Ionic in style, and its details resemble the Erechtheum, a temple in Athens. This room served the fifty-member Senate until 1961.

The two rooms at the north end of the chamber were originally the offices of the Speaker and the Principal Clerk of the Senate. The Senate has two additional rooms at the south end of the chamber that acted as committee rooms. There are three public galleries with balcony seating.

The rostrums at the front are slightly smaller than those in the House and originally seated the Speaker of the Senate, now known as the President of the Senate, or Lieutenant Governor.

The desks are original and built by the same craftsman who provided those for the House of Representatives, William Thompson.

The window shades feature laurel wreaths, a symbol of victory and honor. The lithograph to the right of the rostrum depicts the original Cordova statue of Washington. This 1840's lithograph presents the only known interior view of the 1796 State House.

the Senate

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The exterior Capitol walls are built of gneiss, a form of granite that was quarried in southeastern Raleigh and transported to the site on a mule-drawn Experimental Railroad, North Carolina's first railway.

Raleigh gneiss is about 544 million years old. It can be identified by characteristic streaks, bands and lines, as well as the veins of igneous rock containing pink feldspar and gray quarts cutting across the gneiss.

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State Geologist Office

Originally designed for and occupied by the Supreme Court, this room became the State Geologist's Office in 1856. The Supreme Court relocated to the first floor (for convenience) in 1843 and presided here only three years. The state geologist, Dr. Ebenezer Emmons, used this room to conduct a geological survey to determine the commercial and agricultural value of minerals and plants native to North Carolina. In glass cabinets, he displayed specimens from the Piedmont counties, including soil, seeds, rocks, and mineral samples. A Gothic gallery was added in 1858 to expand the collection, but it is likely that the upper shelves were actually used to store an overflow of books from the State Library. In April 1865, Union troops occupied Raleigh, and General Sherman's troops rifled the mineral collection. In 1866, the collection's remnants were donated to the University of North Carolina, and by 1868, the mineral cases were removed from the room. After the Civil War, the room housed the office of the superintendent of public instruction.

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Dr. Ebenezer Emmons

A pioneering American geologist whose work includes the naming of the Adirondack Mountains in New York.

Ebenezer Emmons (1799 - 1863) geologist, educator, and physician. Emmons pursued a vigorous tripartite career for over a decade. He became one of the four head geologists of a significant geological study of the state of New York. When Emmons discovered and proposed the presence of a system of stratified rocks, which he named as the Taconic system, beneath the Potsdam it caused great furor among geologists. Emmons reportedly became embittered by the ostracism and ridicule of other geologists and accepted a position with the state of North Carolina as chief geologist in 1851. The work of Emmons and his assistants was lost during the Civil War.

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the StateLibrarylocated in this room from 1840 until 1888

In 1842 the staircase, gallery and shelves were added to hold the growing collection of books and papers. The collection began with more than two thousand volumes and grew to nearly forty thousand. It was only open to state officials until 1845, when the general public was admitted. By 1859, the State Library had outgrown this space and was storing contents

into other areas of the Capitol. In the late 1880's, the State Library moved to a larger building.

Gothic elements pervade the room . . . from the iconic Gothic arches, to the decorative ceiling, to the highly decorative white oak woodwork and vertical elements. It is an exquisite masterpiece and a pleasure to the eye.

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History Remembers

Completed in 1840, the North Carolina State Capitol

is often described as being one of the best preserved capitols in all our nation.

It is a monument to our heritage, a living view into our past,

and an inspirationfor our future.

Each of us has unlimited opportunities to explore this historical and architectural gem. My apologies for only referencing a brief scatter of the many stories and beautiful scenes surrounding and inside

the walls.

To explore possibilities to participate in activities at the State Capitol, to read the newsletter, to shop and support, or to see

ongoing projects, go to

www.ncstatecapitol.org

Over 100,000 visitors visit the North Carolina State Capitol each year. Self guided tours are available Monday through

Saturday from 9 am until 5pm.Admission is free though donations are

welcome and appreciated.

Public guided tours are available every Saturday at 11 am and 2 pm.

For group tours of 10 or more, contactwww.nccapvisit.org.

Special Under the Dome Tourstake visitors into areas

"behind the velvet ropes"Check the website or call 919.733.4994 for dates and times. Book ahead, the

tour fills quickly.

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Proud Supporters of the

CCooke Property

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Making a Difference

We are fortunate to have a Miracle hospital here in our area.

Duke Hospital has been a part of the Miracle Network since 1984. The

Children’s Miracle Network raises unrestricted funds for Duke Children’s Hospital

& Health Center. These funds help support research, clinical care, advocacy and family

support programs to help children and families heal both physically and emotionally. Duke Children’s

treats over 200,000 patients each year and provides research findings that touch millions of lives worldwide.

Proud Supporters of the

. For more information about Duke Children’s, visit www.dukechildrens.org

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CNestled comfortably on 70 acres of

Duke Forest is one of the Triangle’s most

fascinating and underdiscovered

delights ... the Duke Lemur Center.

Here, research, conservation, and natural

wonder come together to form an

engaging atmosphere for professionals

and casual viewers alike. And what is even

more incredible is that only 20% of the

funding comes from Duke.

The remainder is raised

through donations

and sponsors.

lemur.duke.edu

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Cooke Property

the Duke Lemur Center

They give so much ...

knowledge of the

environment & unconditional joy.

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w w w . c o o k e p r o p e r t y i n c . c o m

Cooke Property Inc.2 Hastings SquareDurham, NC 27707

w w w . c o o k e p r o p e r t y i n c . c o m

Contact information

Lucia Cooke 919. [email protected] Allison Cooke Zimmerman [email protected]

Cecil Cooke [email protected]

C Cooke Property