Investing in North Carolina and the Mid-South

North Carolina has long been the destination for tourists and retirees who wanted to escape from the cold and long winters of the North East and North Central states but didn’t want to deal with the high humidity and tropical storms of Florida and the Gulf Coast. North Carolina offers many exciting investing opportunities. The North Carolina coast has many of the East Coast’s least developed beaches with miles of protected coastline.

From the Outer Banks and Barrier Islands in the North, to the Crystal Coast in the South, coastal North Carolina has seen a surge of development and consistent high yearly appreciation this past decade. Oceanfront and Intra-Coastal Waterway properties have appreciated at unprecedented rates of 30% to 100% annually.

A similar situation exists in Western North Carolina especially in the Asheville vicinity. Within city limits, homes, townhomes and condos are speedily appreciating, while raw land has seen prices quickly shoot up from $10,000-$15,000 per acre to $40,000-$100,000 per acre in surrounding areas. Both the mountain and coastal areas have seen their share of speculators who continue to gamble on the popularity of these get-a-way areas or retirement boomtowns.

For investors wanting a less volatile opportunity but a steady return, the cities of Raleigh, Cary, Greensboro, Charlotte and other major population centers offer slower but steady growth. While many of the nation’s markets have seen sharp price peaks now being followed by a slowly deflating market, the cities of North Carolina have shown steady appreciation.

An earlier governor of North Carolina had the foresight to create the Research Triangle Park. The Research Triangle Park is anchored by three major universities: University of North Carolina at Chapel Hill, Duke University in Durham and North Carolina State University in Raleigh. The Research Triangle Park (RTP) has helped serve as an economic engine for all of North Carolina. RTP has generated the highest concentration of PhD’s in the nation and the second highest concentration of college graduates nationwide. The secondary benefits of RTP have been enormous with hundreds of people arriving weekly to work in the various industries and services that have developed in support of the various companies within RTP, state government, the nationally ranked health care providers and the region’s universities. All of these factors have made the Raleigh-Cary-Durham-Chapel Hill region rank consistently in the top 10 most livable areas in the United States (ranking #1 several times!).

Our team of Realtors has extensive training and experience in working with 1031 exchanges. Our focus is on the Raleigh/Cary/Durham/Chapel Hill marketplace. We have established relationships with Realtors throughout North Carolina as well as in Virginia, South Carolina, Georgia and Tennessee who have also had the training and experience of working with investors on 1031 exchanges.