Front Porch Realty - 2014 1st Quarter Sales; Fewer, but Faster

2014 1st Quarter Sales; Fewer, but Faster

Once again, I have taken an in depth look at our Southwestern Wake real estate market. Just as the front page of the News & Observer reported a couple of weeks ago; “Area home sales improve, but sellers remain scarce”, we are seeing this scenario in our Southwestern part of the county. We are seeing multiple offers and contracts coming in above sales price. I am seeing such a low number of new homes coming on the market, buyers have to make quick decisions or they will miss out. New inventory is low, but sales prices have not increased enough for sellers to feel confident enough to try selling, again, in some cases. Distressed standing inventory is down as well as builder speculative standing inventory, this brings good news for our re-sale market as sales prices will begin to increase again. Below is a summary of our entire area; months of inventory along with average average sales price and average days on market. Sales-by-City-Q1-2014 The following link shows a more detailed look at each of our city areas and their price ranges respectively. Market Update Q1 2014 It is a FANTASTIC time to sell your home; if you, or someone you know, have tried to sell their home in the last few years unsuccessfully, this is a great time get on the active market again. Feel free to contact us for our exclusive proven marketing program. With 18 years of experience selling our Triangle market, I know how to sell real estate! My communication, expertise, and sales support team is un-matched as evident in being the only boutique real estate company serving Southwestern Wake county. If you would like to receive my Quarterly Market Update personally just let me know and I will be happy to add you to our email distribution and/or to our snail mail hard copy distribution. Welcome Home, Laura

How’s the Real Estate Market, Really?

Name: 2013 Year End Wake County Housing Market Update Wow! Real Estate in the Triangle continues to be a buzz word and we are certainly enjoying the buzz here in Southwestern Wake County as well. Our 2013 market finished strong with most areas showing 6 months or less of inventory. I know here, at Front Porch Realty, we did not experience the usual “halt to real estate” over the holidays as in years past. With a 13% increase in sales from 2012, Front Porch Realty is poised to sell some real estate! In response to this increasing demand, we have added two new brokers to our team – one at each of our offices in Cary and Fuquay Varina. We have also added a Luxury division with our Fine Homes by Front Porch branding. Front Porch Realty will continue to market and provide excellent representation to our clients at all price points, with added specialty services for our luxury properties. All of our markets are still showing a crossover to more of a seller’s or balanced market. The year-end report shows at least a 20% increase of homes SOLD for almost the entire area. In addition, average sales price and price per square foot have gone up and days on market have all gone down. It’s a great time to make a move!

Bicycle repair shop recommendation

I am no competitive cyclist, but I would like to recommend Torrenti Cycles for all of your bicycle tune-up and repair needs. Owner, Danielle Castelli, was quick and attentive to my online request for service. I requested help with surprising my husband with a bike tune-up as a birthday gift. I couldn’t miss her as she drove up in her very cool Torrenti Cycle big yellow van! Yes, that’s right, she will come pick up your bike, repair it, and bring it back to you, all for a very competitive fair price. She will also fix on site if you prefer! I was very pleased with Torrenti Cycles professionalism and promptness. And I wanted to make sure Wake County knows she is out there. Whether you ride for fun or competitively, I believe Torrenti Cycles can be a great asset for peace of mind on the road or on the trail.