Pittsboro apartments fetch $91M as Triangle market balloons beyond Raleigh, Durham
- Keller Group
- Jun 17, 2022
- 1 min read
The recent sale of an apartment complex in Pittsboro for $91 million highlights the rapid growth of the Triangle real estate market beyond the traditional hubs of Raleigh and Durham. With the sale price averaging over $345,000 per unit, this deal rivals some of the most significant apartment transactions recently recorded in the Raleigh area. Investors are increasingly looking to emerging suburban markets like Pittsboro, drawn by strong rental demand and potential for long-term appreciation. This trend reflects a broader shift in the Triangle region, where high housing demand and limited supply are driving prices upward not only in city centers but also in surrounding communities.
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