The area around the star on the map is the University and downtown historic area. Chapel Hill is a university town and while we have some beautiful older homes most of the historic area homes are fairly simple compared to those in Southern towns that were formed because of business and manufacturing. Chapel Hill has three historic areas Franklin-Rosemary, Gimghoul, and Cameron-McCauley. Franklin Street generally has the highest priced homes in the historic areas ranging from the $800,000’s and up. Above is a home on Franklin Street on the market now for $1,900,000.

  Westwood is a campus area located off South Columbia Street near the UNC Hospital. It has winding streets and wooded lots with an eclectic collection of homes built from the 1920's to an occasional home on an infill lot today. Prices start at around $400,000 but sometimes a little rental cottage will come on the market for less. 

Greenwood is bordered by 15-501 and hwy 54 and is just down the hill from UNC. The playwright Paul Green developed the neighborhood in the 1930's as a special place with affordable homes for artists and intellectuals. The beautiful lots are at least an acre and wooded. Home prices have varied from the $300's up to around $800,000. Recently a developer tore down an existing home and built a large new home that sold for over 1.8 million. This was a wake up call to the neighbors who had the town designate the area as a Neighborhood Conservation District to protect the neighborhood from mega sized homes and preserve the harmonious look of Greenwood. 

If you start at the center of town and continue down South Columbia Street past UNC you’ll cross Fordham Blvd. (some call it The Bypass) and the road name will change to 15-501 south. Southern Village will be just ahead on your right. Development started in the mid 90’s and has just finished so there are only resale homes for sale now. It’s a planned, new-old neighborhood with a combination of apartments, condos, town homes, single family homes priced from the $400’s and a retail area including restaurants, a movie theater, elementary school, church, day care and other retail and service businesses.  It’s one of the most popular neighborhoods in town with one of the highest appreciation rates-about 12% a year.

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