About Five Points

Five Points is such a nice area of Raleigh! Very walkable with lovely homes along with some new cool infill townhomes and single family homes.

Five Points  is where Glenwood Avenue and Fairview Road make an x.  Whitaker Mill Road terminates at the x, making 5 points.

Glenn Ave. also terminates there, but nobody knows where Six Points is, making it pointless.

History

The Raleigh Historic Development Commission has written an online history of the “Five Points Historic Neighborhoods”. They list: Hayes Barton, Bloomsbury, Georgetown, Vanguard Park, and Roanoke Park. Here is a brief excerpt that paints a picture of the early days:

“… a second wave (of development) began on the prime real estate bordering the Glenwood Avenue streetcar line downtown out to Bloomsbury Park. Carolina Power and Light (now Duke Energy) built the amusement park in 1918 to attract riders to the streetcar line and to tout the wonders of electricity. Spread out beneath eight thousand glowing light bulbs were a penny arcade, roller coaster, carousel, and other amusements. In the meantime, the land on either side of the streetcar line got plenty of exposure for the pleasure seekers riding it.”

The streetcar line and park are long gone. The carousel now resides in Pullen Park. The neighborhoods still remain and are some of the most desirable Inside-the-Beltline locations.

Five Points Subdivisions

There are quite a few subdivisions in the Five Points neighborhood. I have selected five groups for which I looked at  closed sales of attached and detached homes. The results are below and  portray what you can expect to find in the different areas of this interesting neighborhood. One thing to notice is the very short median number of days these homes stay on the market, and the close relationship between prices asked and paid-indicators of desirability.

Hayes Barton

See the link. The Raleigh Historic Development Commission continues its discussion of  Five Points (See Above)  with a more in depth look at Hayes Barton.

Hayes Barton generally includes the area west and east of Glenwood which is south of Five Points. It includes  the west side of Fairview Road which is north of Five Points. Hayes Barton is north of Wade Avenue.  Triangle MLS lists Hayes Barton, and the streets included a few that don’t conform exactly to the Five Points neighborhood boundaries on the map above, but you will get the idea and can expand the map to include an enlarged area.

Bloomsbury and White Oak Forest

These two areas run on either side of Glenwood immediately north of Five Points, and include the areas along White Oak Road just north of Five Points. Glenwood Avenue is a busy street, and you may wish to consider that if looking at houses with a Glenwood address.

Whitaker Mill Area of Five Points

Roanoke Park, Vanguard Park, Georgetown and Hi Mount

    (See below  and separate “Whitaker Mill Area of Five Points” page)

Roanoke Park, Vanguard Park, Georgetown and Hi Mount run along either side of Whitaker Mill Road  to Wake Forest Road.

Roanoke Park, Vanguard Park, Georgetown, and Hi Mount  Recent Sales History

Click here for maps, listings and more  about  Whitaker Mill Area of Five Points  (Roanoke Park, Vanguard Park, Georgetown, and Hi Mount)

Fallon Park Area of Five Points

Oxford Park, Villa Park, Whitaker Park, Fallon Park, Oaks at Fallon Park, The Grove at Fallon Park

These neighborhoods lie north of Whitaker Mill Road and include new infill development at The Oaks at Fallon Park and The Grove at Fallon Park.

Fallon Park

Fallon Park is a City Park with 10.3 acres with open and wooded areas and the picnic shelter shown. The park follows a stream that runs along Oxford Road in Oxford Park and Royster St. in Anderson Heights and is a focal point for this area. Several of the subdivisions bear its name.

School

The Joyner Elementary Magnet School on Lowden Street adjoins the area.

Kiwanis Park

Next to the school, with frontage on Noble Road is Kiwanis Park .  (See the City of Raleigh link). This park also lies along Crabtree Creek and is crossed by the same creek draining Fallon Park. There is a neighborhood Center with a warming kitchen available for rent. There is a picnic shelter, outdoor basketball and volleyball, a baseball field, and a playground.

The Oaks at Fallon Park

The Grove at Fallon Park

Oxford Park, Villa Park, Whitaker Park, Fallon Park, Oaks at Fallon Park, The Grove at Fallon Park- Recent Sales History

These neighborhoods lie north of Whitaker Mill Road and include new infill development at The Oaks at Fallon Park and The Grove at Fallon Park.

The adjacent Oaks at Fallon Park are much more complete, and there were 5 sales of detached residences from just less than 3,000 SF to over 4,500 SF there in 2015.  Prices ranged from $700,000 to $950,000 in what is essentially the same location as The Grove, but a different product type.

For the area as a whole, days on market ranged from 0 to 442, the longest times affecting the 77 day average. The median market time was 24 days.

Average sale/list prices were $430,468/$434,800:  99%.             Median sale/list prices were $412,317/$412,122:  100%

My thought is that the large number of sales of new homes shows up in these average and median numbers, because there may not be as much room for negotiation, and  extras get added during construction.

Glenwood-Brooklyn Subdivisions

This area is just north of and very convenient to the Downtown Glenwood South District.  It runs north of Peace Street to Wade Avenue, and lies along either side of  Glenwood.