The Fairoaks community offers a true Chapel Hill lifestyle at an affordable price. Fairoaks is walking distance to schools, park, biking trails and Downtown Carrboro!
Fairoaks consists of homes that were built between the late 1980's and mid-1990's and generally range from ~1,500 sf to ~2,500 sf. Homes in this community generally sit on smaller lots between 0.15 and 0.30 acres. Fairoaks is a quiet and very desireable neighborhood whose residence maintain their homes. Many homes in this neighborhood had modest beginnings but have been consistently updgraded throughout the years. Fairoaks offers great value, and recent sales definitely reflect it - the average home sells in just 26 days!!!
Fairoaks Statistics from the Triangle Multiple List Service
In 2006, 9 houses were sold in Fairoaks. Of these, the average house was a 1865 square foot, 3 bedroom 2 bath home selling for $281,322. Average time on market was 31 days, just above the Chapel Hill market average of 60 days.
Chapel Hill Statistics
In 2006, 687 homes were sold in Chapel Hill. Of these, the average house was a 2593 square foot, 3 bedroom 2 bath home selling for $440,795. Average time on market was 60 days.