Pittsboro

The once small and quaint town of Pittsboro (map), with its downtown full of antique stores and restaurants, is changing fast. The historic downtown will hopefully remain the same, but the surrounding areas are experiencing explosive growth. A new four-lane road has reduced the travel time from Pittsboro to Chapel Hill to about 20 min. In addition to the communities surrounding the town itself, there are other excellent developments. The retirement community of Fearington Village (map) has the only four-star restaurant in the area, an excellent inn and, of course, the signature herd of black-belted cows. Other excellent communities in the area are Chatham Forest, Potterstone Village and Chapel Ridge. East West Partners of Chapel Hill is building Powell Place, a 148-acre project that will include lots for about 1,000 homes, a hotel and a commercial center at the corner of U.S. 64 Bypass and N.C. 15/501 about a mile north of Pittsboro.   This is the same group that produced Meadowmont in Chapel Hill however  prices will be a lot lower and the location is very convenient to both Chapel Hill and Raleigh.

As land prices in Raleigh, Durham and Chapel Hill continue to rise, farm and forest land in Chatham County has become more attractive to developers. This “underdeveloped jewel of the Triangle” has recently hit a residential growth spurt as home sales leapt from 425 in 2002 to 1,100 last year. The average sale price for a home in the county in 2005 was $310,000, second in the triangle only to Orange County and $75,000 more than the average in Wake County. .

Brought to you by Carolina Nesting™ Patricia Scolnik - Realtor and Broker   If interested in buying or selling a home in any Pittsboro community, please call me anytime at:   Office: 919-960-8949 Direct: 919-619-6633 Fax: 919-338-1472 or send me an email