Buying Real Estate in North Carolina 12 – The Search: Understanding the Triangle Area

I want to use this post to describe the “Triangle” area of North Carolina. Naturally, I went to Wikipedia for this information!

Here is an excerpt of their description of our area:

“The Research Triangle, commonly referred to as simply “The Triangle“, is a region in the Piedmont of North Carolina in the United States, anchored by North Carolina State University, Duke University, University of North Carolina at Chapel Hill, and the cities of Raleigh, Durham, the town of Cary and the town of Chapel Hill respectively. The eight-county region, officially named the Raleigh–Durham–Chapel Hill CSA, comprises the Raleigh and Durham–Chapel Hill metropolitan areas…”

“A 2013 Census Estimate put the population at 2,037,430.”

“The “Triangle” name was cemented in the public consciousness in the 1950s with the creation of Research Triangle Park, home to numerous high-tech companies and enterprises. Although the name is now used to refer to the geographic region, “The Triangle” originally referred to the universities, whose research facilities, and the educated workforce they provide, have historically served as a major attraction for businesses located in the region…”

“The Raleigh–Durham–Chapel Hill Combined Statistical Area consists of 5,627 square miles (land and water).”

They included the following map I have here, with the counties in Red comprising the Durham-Chapel Hill area and the counties in Blue comprising the Raleigh area, as our major metropolitan areas. The remaining counties are what they called micropolitan areas.

Buying RE 12 Photo - 300px-Raleigh-Durham-Cary_CSA

At over 5600 square miles, you can see why your Realtor may not want to get started until you have narrowed down your search area a bit! Additionally, because of the size of the area, your Realtor will work in the area where they live and will refer you to another Realtor if you decide to look in an area with which they are not as familiar. In doing what is best for you, we want you to work with whoever has the knowledge base that will be most beneficial to you.

Next time, we will discuss the importance of Location.

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