Swetal Patel Realtor in Raleigh Triangle Area

11/25/2025

🚨 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

11/06/2025

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

09/10/2025

Source: ABC11

Plans are underway to repair the failed culvert on Olive Chapel Road between Ashely Downs Drive and Patterson Grove Road.

08/15/2025

📊 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!

05/12/2025

🏡 **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

\ 🏡📊💼

05/03/2025

📊 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!

🏠📈💼

04/10/2025

📊 **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