The best of values in the Triad are in Burlington foreclosure homes. Alamance County is perfectly positioned within the Piedmont Triad to attract young families to neighborhoods where traffic and overcrowded schools are not a problem. New life is emerging in Burlington, where losses of jobs in the textile industry over the last 25 years stopped development in its tracks for a time. Low prices for family homes to be found in foreclosure houses, savings on property taxes, and a great environment for raising a family are drawcards for the dormitory suburb environment which Burlington provides for workers in the larger cities of the Piedmont Triad.
| ZIP CODE | LOCATION | BD/BH | PRICE | DETAILS |
|---|---|---|---|---|
| 27217 | Burlington, NC | 3/1 | $47,900.00 |  |
| 27215 | Burlington, NC | 4/3.5 | $219,900.00 | |
| 27215 | Burlington, NC | 3/1 | $49,900.00 | |
| 27217 | Burlington, NC | 3/2 | $54,900.00 | |
| 27217 | Burlington, NC | 3/1 | $28,900.00 | |
| 27217 | Burlington, NC | 2/1 | $54,900.00 | |
| 27215 | Burlington, NC | 3/2.5 | $119,900.00 | |
| 27217 | Burlington, NC | 3/2 | $120,400.00 | |
| 27217 | Burlington, NC | 3/2 | $109,900.00 | |
| 27217 | Burlington, NC | 2/1 | $12,500.00 | |
Burlington, on the Haw River, was first settled around 1700, gained its first 'company shops' in 1857 as a repair and maintenance stop for the North Carolina Railroad Company. The population is now just under 50,000. North Carolina Foreclosure Homes provide a great pool for well priced family dwellings state-wide, selling for, on average, $100,000. Burlington foreclosure listings average $90,000, and tend to sell with savings of around 27%. Excellent value in a family home for just $67,000, unlikely to be found elsewhere, and maybe not for long here!
Burlington has a reputation for THE place to shop at factory outlets in the Triad, and is now building on that reputation and poised to face a retail boom. Developers' plans include stores, restaurants and a large mall, Alamance Crossing, to rival the regions biggest retail corridors, with the first shops opening this summer. Foreclosed homes numbers in the Triad are small, but expected to provide a steady stream of new filings as the nationwide mortgage woes continue. Burlington, with its share of foreclosed properties, will continue to provide amazing value for relocating families wanting a calmer life, for some time to come.
Greensboro and Winston-Salem, and Raleigh in the Triangle region directly to the east provide new era jobs. The Triad region is a primary manufacturing and transport hub for the southeast region of the US. Employment is provided by the large tobacco (Lorillard, Reynolds American), textile (Hanes) and furniture corporations, but these older industries are giving way, under the pressure of globalisation, to technology based businesses supporting life science and information technology research. The region now has a computer assembly plant for Dell Inc. Unemployment is still high.
