Swetal Patel Realtor in Raleigh Triangle Area

🚨 Huge Economic Development News for the Triangle! 🚨

North Carolina just scored another major win. Novartis, one of the world’s leading pharmaceutical companies, is making a massive investment to build a flagship U.S. manufacturing hub right here in our backyard.

Here’s what’s coming to Durham, Morrisville, and the surrounding area:
🏗️ $771 million total investment
🏥 Three brand-new facilities + expansion of a fourth
📦 Over 700,000 sq. ft. of advanced manufacturing space
💊 End-to-end production for biologics, sterile packaging, tablets and capsules
👩‍🔬 700 new jobs expected by 2030
📅 First openings planned as early as 2027

This is all part of Novartis’ larger plan to invest $23 billion into U.S. manufacturing and R&D over the next five years. Their goal is simple: produce all medicines start-to-finish in the United States and build a more resilient supply chain.

What this means for our region:
🌆 More talent relocating to the Triangle
🏘️ Higher demand for housing
💼 Stronger jobs pipeline in life sciences
📈 Continued growth for our local economy

North Carolina’s Economic Investment Committee also awarded Novartis a Job Development Investment Grant based on long-term growth and tax impact, showing how committed the state is to supporting innovation.

The Triangle continues to prove it’s not just growing — it’s leading. Exciting times ahead for our community.

JUST ANNOUNCED: Novartis, a global leader in the development and manufacturing of innovative medicines, will invest $771 million in Durham and Wake counties. The company expects to create 700 jobs across three locations in Durham and Morrisville.

🔗Read more: https://ow.ly/l5mg50Xufvy

5100 Equipment Dr, Charlotte, NC 28269 | Crexi.com Hospitality property for sale at 5100 Equipment Dr, Charlotte, NC 28269. Visit Crexi.com to read property details & contact the listing broker.

Source: ABC11

Section of Olive Chapel Road in Apex will remain closed until January, NCDOT says Plans are underway to repair the failed culvert on Olive Chapel Road between Ashely Downs Drive and Patterson Grove Road.

📊 Triangle Real Estate Market Update – July 2025🏡✨

The summer market in the Triangle is staying hot! Here’s how
Apex, Cary, Morrisville, Fuquay-Varina, Holly Springs, Raleigh, Wake Forest, Chapel Hill, Carrboro, and Durham** performed last month:

📈 Median Sales Price $525,000 — ⬆ **1.1%** year-over-year
📦 Closed Sales: 2,222 — ⬆ **15.7%**
🆕 New Listings: 1,826 — ⬆ **10.0%**
🏘 Active Inventory: 4,849 — ⬆ **48.2%**
💰Median Sold Price/SqFt: $241 — ⬆ **0.4%**
⏱ Median Days on Market: 19 — **72.7% faster** than last year!

💡 What This Means:

Sellers → Homes are moving quickly and buyers are ready to act.
Buyers → More inventory means more choices — but competition is still fierce for well-priced homes.

📞 Thinking about buying or selling in the Triangle? Let’s make your next move a success!

🏡 **Triangle Area Real Estate Market Update – April 2025** 🏘️
Covering Raleigh, Durham, Cary & Chapel Hill 🏙️🌳

The spring market is in full swing, and here's what’s happening in the Triangle area ⬇️

📈 **Home prices are rising** – The *median price* is now **\$485,000**, up **10%** from last year! 💰
⏳ **Homes are selling fast** – On average, they're going under contract in just **12 days**!
📋 **More options for buyers** – Over **3,300 new listings** hit the market in April 📬
🏠 **Inventory is up** – But supply is still low overall, which means demand remains high 📦
✅ **Sellers are winning** – Most are getting **99.5% of their asking price** 💵

Whether you're buying your first home 🏡, moving up 🏠, or thinking of selling 🏘️—this is a great time to make a move in the Triangle!

📲 Let’s talk about your real estate goals today!

—
Swetal Patel, REALTOR®
📞 336-455-1195
🌐 http://www.kanharealty.com

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📊 April Jobs Report: Positive News for Triangle Homebuyers! 🏡

The U.S. economy added 177,000 jobs in April, surpassing forecasts of 130,000, while the unemployment rate held steady at 4.2%. This robust job growth, particularly in healthcare and transportation sectors, indicates a resilient labor market.

📈 Triangle Housing Market Snapshot:
• Raleigh: Median home price reached approximately $475,000 in April 2025, marking a 6.8% year-over-year increase.
• Durham: Median home price was $426,415 in April 2025, up 2.7% from the previous year.
• Inventory: The number of homes for sale across the Triangle has grown by nearly 30% over the past year, providing more options for buyers.

💡 What This Means for You:
With steady job growth and increasing housing inventory, now is an opportune time to consider buying or investing in the Triangle real estate market. The combination of economic resilience and a growing selection of homes offers promising prospects for homebuyers.

📞 Ready to explore your options? Let’s connect and navigate the Triangle market together!

🏠📈💼

📊 **March 2025 Market Update – Triangle Area (Wake, Durham, Orange & Chatham Counties)** 🏡

📈 **Median Sales Price:** $475,000 🔼 5.1% YoY
🔑 **Closed Sales:** 1,776 homes sold 🔼
🏠 **New Listings:** 3,087 🔼 30.0%
📦 **Active Inventory:** 4,660 homes on the market 🔼 6.5%
📉 **Days on Market:** 20 days ⏳ 🔽 31.0%
💲 **Price per SqFt:** $231 🔼 0.9%
📉 **List Price Received:** 99.1% 💰
📉 **Months Supply of Inventory:** 2.6 months 🔽 14.2%

🔥 **What it means:**
Homes are selling *faster* and *closer to asking price*. Inventory is ticking up, but demand is strong. Now’s a great time to make a move—whether you're buying or selling! 🏡💼

📲 Ready to buy or sell? Let's talk!
👉 **Swetal Patel, REALTOR®**
📞 (336) 455-1195
📧 [email protected]
🌐 https://www.kanharealty.com