Orange County NC Website
Matched Pair Summary <br />Adjoins Solar Farm <br />Average Median <br />sales Price $25:3,600 $253,000 <br />Year Built 2013 2013 <br />Size 3,418 :3,400 <br />Fliicse /SF $74.27 $74.41 <br />Percentage Differences <br />Median Price -2% <br />Median Biz -'/o <br />Median Pxice/Sf 0% <br />Nearby Solar Farah <br />Average Median <br />$246,000 $2443,00£} <br />2014 2014 <br />3,189 3,346 <br />$77.85 $74.46 <br />111 <br />M <br />I note that 2308 Granville Drive sold again in November 2015 for $267,500, or $7,500 more than when it <br />was purchased new from the builder two Years earlier (fax ID 3600195361, Owner. Leak).. The <br />neighborhood is clearly showing appreciation for homes adjoining the solar farm. <br />The Median Price is the hest indicator to follow in any analysis as it avoids outlying saunples that would <br />otherwise skew the results. The median sizes and median prices are all consistent throughout the sales <br />both before and after the solar farm whether you look at sites adjoining or nearby to the seLar farm, The <br />average for the homes nearby the solar farm shows a smaller building size and a higher price per square <br />foot. This reflects a common occurrence in real estate where the price per square foot goes up as the size <br />goes down. This is similar to the discount you see in any market where there is a discount for braying larger <br />volumes. So when you buy a 2 liter coke you pay less per ounce than if you buy a 16 oz. cake. So even . <br />o=paring averages the indication is far no impact, but I rely on the median rates as the most reliable <br />indication for any such analysis. <br />