Monthly Archives: March 2012

Is Our Housing Market REALLY Improving?

Is  OUR Housing Market REALLY Showing Signs of Improvement? With lots of buzz in the local and national news right now over our housing crisis showing signs of improvement;  I thought I would share what I am seeing in our local Raleigh Triangle market, including the southern and western Wake County areas of Morrisville, Cary, Apex, Holly Springs and Fuquay-Varina, NC.  Inventory is still high, although in certain very desirable areas (closer to RTP) inventory is definitely low in all price ranges.  Other areas show lower inventory in the lower price ranges, we are even seeing multiple offers coming in on lower-end properties (<$175,000).  I am also seeing banks set their sales prices very low day one on the market, a major change over last year at this time.  As a result of their low pricing, they are moving their inventory very quickly and have streamlined their whole “market to offer” approving process.  As these distressed properties are sold quickly we also have good news, according to CoreLogic in Realtor magazine;   that the “shadow” market is also declining, in other words the number of houses not yet in the foreclosure process but heading towards it are down 10% from this time last year.  Watch for my 1st Quarter Market reports due out mid-April as I take an in-depth look at our local market and how we are improving in each of the Triangle, Wake County areas at every price point. -Welcome Home, laura

Luxury in the Triangle

Luxury Real Estate in Southern and Western Wake County, NC Did you know that a large part of our real estate market is considered luxury property?  Properties valued at $500,000 or more in the Triangle are “luxury”, this is about 10% of our active listings!   The brokers of Front Porch Realty have recently become certified by the internationally recognized Institute for Luxury Home Marketing.  This intense training prepared us for the specialized niche of marketing these very unique properties.  We now have access to marketing tools normally used in what you would consider a high-end market; Miami, New York, Vale, etc.    We have also solidified our skills to best negotiate these properties for our buyers. We will be highlighting these listings as they come on the market, meanwhile you can use these links to search all luxury properties in the Southern and Western Wake market, the links are updated in real time so you won’t miss a thing! Whether you are looking for an equestrian oasis, a golf haven, acreage, or just that special estate to call home, we can show you any home for sale on the market. Let us know if you would like your own private tour of a fabulous property!  Visit our website and search all of the Triangle listings for sale here www.FrontPorchRealtyNC.com
Apex: $300,000-$500,000 $500,000 and up Foreclosures Angier, Lillington and Buies Creek: $300,000-$500,000 $500,000 and up Foreclosures  Cary: $300,000-$500,000 $500,000 and up Foreclosures 
Fuquay-Varina: $300,000-$500,000 $500,000 and up Foreclosures Holly Springs: $300,000-$500,000 $500,000 and up Foreclosures Morrisville: $300,000-$500,000 $500,000 and up Foreclosures
  –Welcome Home, laura