Fun Facts

For those interested in conserving and preserving the unique character of older Raleigh

Number of homes in housing stock that are Pre-1945: 8%

Number of demolitions (homes and buildings) in the last 5 years: 600

Percentage increase in demolition permits issued this year over last in Triangle: 75%

Construction and demolition debris as percent of solid waste in Wake landfill: 35%
(exclusive of road and bridge debris)

Percentage of methane emissions that come from the landfills: 34%

Power of methane over carbon dioxide to trap heat in atmosphere: 20 times

Number of energy years used to construct a new home: 50

Average number of square feet in new single family home, 1973: 1525
Average number of square feet in new single family home, 2006: 2248

Average number of people per household, 1973: 3
Average number of people per household, 2006: 2.6

Fastest growing segment of household size: 1-2 people

Unofficial observations:

Average number of square feet in new single family home built to replace a teardown in Raleigh: the sky is the limit ... but informal research would point toward 4000 to 5000 feet.

Average price differential between teardown purchase price and new house built on old lot: 2.5-3x

Number of Million Dollar speculative homes still for sale near or on Anderson Drive: 6

Number of Million Dollar speculative homes sold near or on Anderson Drive this year: 2

Number of Million Dollar homes being built by private owner near or on Anderson Drive currently: 2

Number of $500K empty lots for sale near or on Anderson Drive: 2 out of 2 with signs, 1 mystery.

Where we are in the national trend toward rebuilding older neighborhoods: at the beginning of an upward trend.