That place is actually a village -- the Southern Village mixed-use development to be exact. The development is home to commercial property (the Lumina Theatre), educational facilities (Mary Scroggs Elementary School) and a variety of families to fill the 1,175 housing units.
The magazine's list, which pinpoints the 10 best-selling neighborhoods in the Triangle, was based on amounts of sales using figures compiled by the Triangle Multiple Listing Services 2002 market update.
"The list was put together from a business standpoint," said Kim Nilsen, business editor for the Triangle Business Journal. "Southern Village is selling lots of homes."
Statistical categories included the number of properties sold, average price and average days on the market. They were gathered from subdivisions in the Triangle from Jan. 1 to Jan. 31, 2002.
Erika Buchholtz, Southern Village's sales and marketing manager, noted several factors that help the sales of the community.
"Southern Village is doing well for numerous reasons," Buchholtz said. "It offers convenience and aesthetics and is a village designed for people."
Buchholtz also said the diversity of the area is appealing to home buyers.
"We have people from all of the country and all over the world," she said. "It's a great mix, people from all stages of life."
Chapel Hill Town Council member Pat Evans said the success in the area is because of the satisfaction of the residents.