Q1 2021 is looking a lot like Q1 2020 with our LOCAL robust Fuquay-Varina and Holly Springs real estate sales and extremely low inventory. Continued low interest rates along with some “recovery” from Covid has added to our un-balanced market. New construction neighborhoods have had to slow down sales by releasing only a limited number of lots per month as home construction materials continue to be harder and harder to come by.
Take a look at our quarterly MARKET UPDATE HERE. Let us know if you have any questions or suggestions to add to our report!
This quarter’s numbers show just how un-balanced our market is; as I write this report there are only 80 homes ACTIVE on the market right now for sale in all of Fuquay-Varina, Wake county and there are 459 homes UNDER CONTRACT. (Per our Triangle Multiple Listing Service). As an office we are continuing to see multiple offers above sale prices and homes being sold way above appraised values. Buyers are having to make super strong offers with high due-diligence funds and short due-diligence periods, we just put a town home under contract with $15,000 due diligence!
We are here to help you, your relatives, co-workers, employees, and neighbors. Please consider Front Porch Realty YOUR LOCAL real estate professionals! Please LIKE US on Facebook and Instagram if you haven’t already and please let us know if we can help you get moving too!
Spring is finally here and Easter is coming! You know here at Front Porch Realty, how much we love to support our local community. This weekend will be packed full of events and we have curated a list of options for you if you needed some ideas. The list focuses on the Fuquay-Varina and Holly Springs areas. From sweet hopping events to Sunday services.
We are so happy Spring is here and hope that you all have a blessed weekend!
In Front Porch Realty’s 25 year history, there has never been a better time to sell your home than in today’s market! We have a low inventory of homes across all price points and an influx of buyers from all over the country. Super hot LOW interest rates are adding to our buyer pool as first time buyers strive to leave their high-priced rentals and apartments. Multiple offers within days, and even hours, way above list prices are fast becoming the “norm” at FRONT PORCH REALTY.
According to our latest Triangle MLS stats, our local inventory is down a whopping 80% from 2020 and our Days on Market is down 68%! Not only is Front Porch Realty selling our listings extremely quickly, we are also accepting offers way over list price with the buyers signing appraisal addendums willing to pay their offer prices regardless of what their lender’s appraised value comes in. Below is a snapshot of February’s 2021 Fuquay-Varina and Holly Springs MLS activity, courtesy of our local Triangle MLS.
Thinking about selling this year but not quite ready? Our “COMING SOON” option may be the perfect solution for you! Potential Buyers are able to get a “sneak peak” of your home before you are ACTIVE on the market ensuring a very quick sale with mimimum showing exposure of your home.
Find out what your home is worth HERE, no obligation, just info, we are LOCAL experts and are here to help!
Well, 2020 certainly was a year of “firsts” and hopefully “lasts”. While some of our core industries have taken a disastrous Covid hit, real estate sales and growth fortunately has been spared.
As I do every year, I took an in-depth look at our 2020 housing market and was a little taken aback when I first saw our compilation of numbers because they looked a little askew to me. You can view our 2020 Year-End Market Update HERE. Since we are still deep in a sellers’ market, with not enough inventory for our buyer demand, the “Sold” numbers were just not looking accurate. I went back to my market data, our Triangle MLS, and ran some more numbers. I quickly discovered why things were looking so off; about 1/3 of the 2020 sales were new construction homes that had not closed yet! New homes are going under contract before they have even begun to be built, so our “closed” numbers for 2020 were not showing up. I have added another column to our year-end summary called PENDING that now gives us a truer picture of what is going on in our local market.
Interestingly, new construction average pricing has come down slightly from 2019, while re-sale pricing has increased. I am going to presume this is due to high availability of new construction and extremely low availability of re-sale homes. The re-sales are ready “now” which can make them the only choice to a buyer that cannot wait the 4-9 months for a new build.
It’s a great time to sell a home in Holly Springs and Fuquay-Varina! If you are thinking about selling “the easy way” to Offerpad, Open Door, Mark Spain, etc. PLEASE talk to us first. These companies typically charge 8-10% commission on top of leaving lots of your equity on the table. There is a reason these investment companies want to buy your home! I promise we will take care of all the details for you AND it will cost you much less. Our listings are typically selling in less than a week at above asking price. In addition, if you are out there looking at new construction homes, be sure and utilize our FREE Buyer’s Agency. The on-site agents at the new construction neighborhoods represent the builders and look out for THEIR best interests, not yours. Why not have an agent on your side? Learn more about NC Agency HERE.
If you would like our quarterly Market Update delivered to your inbox, let us know. In addition, if we can be of any assistance to you with your real estate needs, we are certain you will be extremely satisfied with any of our Front Porch Realty real estate brokers level of professionalism and expertise.
Please stay safe and we hope to see you real soon!
Live the dream here at 24 Sade Rock Court | Southern Acres
Offered at $295,000
Get a closer look at this gorgeous home in Fuquay-Varina! This immaculate 2-story home will capture your attention as soon as you walk through the front door. Wide-open, sunny floor plan with 4 true bedrooms and 2 1/2 bathrooms. We love how it has an amazing amount of natural sunlight that flows throughout and gives it an inviting atmosphere.
Perfect floor plan for entertaining or relaxing by the cozy fireplace.
Endless possibilities with the 4 spacious bedrooms; home office/learning space, play rooms or even a media room for everyone to enjoy! The baths have a minimal modern look that gives them a fresh, relaxing feeling.
Next to impossible to find at this price point, this home has a HUGE fenced in backyard! The large covered back porch and extended patio make the private backyard a perfect spot for enjoying special occasions or having your morning coffee. This home is a rare package only 10 minutes from downtown Fuquay-Varina!
If you are wondering if there’s anything to do in the area, Southern Acres is only minutes away from Downtown Fuquay-Varina and other retail shopping areas. We recommend you try out Nil’s Bakery Cafe, the Front Porch Realty Agents love their food!
Schools close by:
Contact us now to schedule your private viewing before it’s too late!
AVALON SPRINGS is located on the “East” side of Fuquay-Varina. Located only minutes away from Downtown Fuquay-Varina. Avalon Springs provides access to a community pool, clubhouse, playgrounds, and trails surrounding the area. If you or your family love to be outdoors often, this would be a great place to settle into!
This wide-open plan has 3 bedrooms and 2 1/2 baths and lots of natural light. The owner has given it their special touches and it looks amazing. From the hardwood/tiled floors to the coffered ceiling, you’ll feel like you’re in a new construction home!
The kitchen is perfect for gatherings as well as family time with a large center island, granite counter-tops and stainless steel appliances.
If this hom eis not quite what you are looking for, Fuquay-Varina has various up-coming communities that our Front Porch Realty Agents could show you. We are currently teamed up with several local Custom-Home Builders for the new development of Purfoy Place! Learn more…
Contact us directly and we can answer all your real estate questions!
2020 has been quite the year for surprises and hardships and we are all ready to bid it farewell! FRONT PORCH REALTY has been working hard to find some great New Year’s options and wanted to share what we have found with all of you! All are held locally within the Triangle. If you’ve been stuck at home and just dying to get out and do something fun, now is the time to do so!
From 4:30pm to 9pm (201 S Boylan Ave, Raleigh, NC 27603)
Enjoy a special evening at the Wye Hill. Wind down, relax and socialize (at a distance of course). Bring your friends or family to join you as you spend your last moments of 2020 together! For safe distancing the setting will be held outside on their heated, covered and cozy patio. It’ll be a perfect night as you enjoy the 5 course meal they will be serving and their amazing dessert to top it off.
Starts at 5:30pm (409 Holland Rd, Fuquay-Varina, NC 27526)
A fun-filled drive by experience as Holland Road Lights wraps up another season with an outstanding show. Enjoy a spectacular light show and hear hard hitting beats, nothing will stop those hips from moving! There will even be free glow sticks while supply lasts!
Starts at 5:30pm ( 2105 Umstead Dr, Raleigh, NC 27603)
Take a drive through Dorothea Dix Park and check out the mile long holiday lighting. You can’t get any safer than watching the show from your car. Don’t miss the last day to see it!
From 6pm to 10pm (109 N Main St, Holly Springs, NC 27540)
Toast at 8:30pm for the New Year! Eat good food and jam to live music played by Liz Reedy. Festivities will take place on their heated outdoor seating area.
From 6pm to 9pm (9301 Hay Meadow Ct, Raleigh, NC 27603)
This family began sharing their joy 23 years ago! Celebrate with them and see their light show. You may even see some favorite characters such as Frosty, Rudolph, and Mickey and catch a glimpse of Santa himself. They have over 40 inflatables to enjoy! You will want to tune to channel 88.3 FM to listen as the lights dance to the music. This will be a fantastic treat for the kids!
Starts at 6pm (304 Glenwood Ave, Raleigh, NC 27603)
Come join the crew as they toast 2020 goodbye and say “hello” to the new year! Table reservation will be required. They will have packages that include Champagne for the Table, Appetizer Platter, your choice of Domestic Bucket of Beer or Bucket of Seltzers. Fees will apply once you reserve.
HAPPY NEW YEAR from our FRONT PORCH family to yours!
We are here for you for any local real estate need you may have! Let us know HERE!
Imagine moving to a new state and picking out your new home site unseen! That is exactly what some of our buyer clients are doing these days, but we recently had a special surprise Holiday love story we just had to share!
We got a call one day from a young man moving to the Triangle area from Massachusetts. He had found a 5 bedroom home online that he and his fiance were very interested in and wanted to know if we could “show” it to him while he was still out of state as he did not have any immediate plans to come to the area. Of course we were excited to be able to help him and as we were headed Holly Springs way he said ” you may as well face-time my fiance, she can pick out our home better than I can!”. So, long story short, we face-timed with Ms. Fiance and we got their dream home under contract for them and were on our way to closing.
When Mr. Massachusetts arrived the day before closing, we were a little nervous about meeting him at the house knowing he was closing on it the very next day but had not seen it in person yet! However, all went well at our walk through and we learned the cutest love story we have ever heard…
Ms. Fiance was not in Massachusetts with Mr. Fiance at all, she was in Arizona and would not be arriving in Holly Springs for another week! Mr. Fiance told us that they had been middle school sweethearts years ago but were broken up when they were caught kissing by Ms. Fiance’s mother! They remained friends all through school and college never to date again and would occasionally reach out to each other over the years however one of them was always in a committed relationship so they never had a chance to rekindle their young love.
One day deep into Covid-19 quarantine, Mr. Fiance had just been through a break up and vowed to stay away from relationships for at least a year. However, Covid social distancing gave him lots of time to think so he decided he would reach out to his long lost love. It was unbelievable, she was not in a relationship either and had also vowed to be on her own for awhile. They talked, and face-timed, and talked and face-timed some more and within 8 months learned they wanted to spend the rest of their lives together! They decided on Holly Springs NC and saw each other for the FIRST TIME in 17 years 1 week after they purchased their new home!
This is Jessica and Jereme reunited for the first time at their home in Holly Springs!
If you are thinking of a move to the Triangle area let us help you find your dream home too! Contact us HERE.
Merry Christmans and Happy New Year!
We all see lots of NEW HOME communities popping up all over Fuquay-Varina and Holly Springs so we wanted to take a few minutes to explain what it means to have a BUYER’S AGENT representing YOU when buying a new home. The good news is; it is absolutely FREE! Yes, you read correctly, having Buyer’s Agency representation in North Carolina means you have an agent on your side looking out for YOUR best interests and it doesn’t cost you a thing! Read all about NC Agent representation HERE. Everyone loves to look at new homes and the “on-site” agents are there to welcome you in and tell you all about what the neighborhood and builder has to offer. Just remember, the on-site agent is looking out for the BUILDER’s best interest, not YOURS.
The builder group is most likely going to require a non-refundable builder deposit, especially if you are starting the process from the ground up because the builder will be building a home specific to what YOU pick out. This deposit will be a credit towards the purchase price at closing, however if you don’t close on the home you will risk losing your deposit. The builder is also going to base your new home costs on expected pricing of the time of your construction, which most likely will be higher than was used for the existing inventory in the neighborhood. Don’t be surprised if your “custom pre-sale home” ends up costing much more than the inventory “spec” homes that are already in the neighborhood for sale.
The professional real estate brokers of Front Porch Realty are experts at knowing how to negotiate for YOU at a new construction neighborhood for an existing spec home or a pre-sale home. We can help you navigate through the builder contracts and negotiation process as well as the inspection process along the way to a smooth closing.
We also have many local trusted lenders that offer “Construction to Permanent loans” which takes some risk off the builder and may help you save money with your new home financing. In this situation the Buyer applies for the construction loan at the beginning of the build process and at a time of completion of the home the lender converts the construction loan to a mortgage.
Our area is booming with new construction! If you were thinking of buying a new construction home for the new year we are happy to help. We have worked with many local, regional, and national builders and have started Pre-Sales for our new custom homes in Fuquay-Varina for Purfoy Place. Pick out your perfect lot and build your dream home TODAY!
It’s home sweet home at 528 Lennie Smith Rd | Fuquay-Varina, NC
Finding a home like this is a rare gem! The owner actually grew up in this home! Situated on almost an acre of un-restricted land this home also offers a rocking chair front porch, oversized driveway and 2 car garage. The floorplan is open with 3 large bedrooms and 2 full baths. The kitchen is equipped with stainless steel appliances and has a sweet breakfast bar.
Enjoy the private oversized deck and covered back porch. The home has a fenced yard, a large shed and a separate dog run.
“The big backyard is amazing. I enjoyed it as a child and my kids have enjoyed it as well!” says the seller.
“Everyone in the neighborhood knows each other well, they are good and caring people.”
Offered at $235,000.
Click HERE to see more photos and details of this amazing home and CONTACT US to schedule your own private viewing!