Once again I have taken an in depth look at our Southwestern Wake county real estate market. 2014 3rd Q is showing some great numbers in the housing market! Average sales prices across our area are showing a healthy economic gain of 2-3 % increase over last year. Days on Market are averaging about 50 days in our part of Wake County, which is lower than the average 66 Days on Market for the rest of Wake County.
Look for our next Market Update to include more detailed statistics of our market; for example new construction will be included as well as actual subdivision data. We also have some exciting news to share about Front Porch Realty!
It is still a FANTASTIC time to make a move; interest rates this week are showing rates that were last seen in June of 2013. We are helping buyers moving across country as well as those moving across town. With 18 years of experience selling our Triangle market, excellent communication skills and a sales support team that is unmatched, we can guide you in a smooth successful transaction from contract to close.
If you would rather receive this report by email please let me know. In addition, if we can be of any assistance to you or your clients, rest assured they will be extremely satisfied with our level of professionalism and expertise.
Welcome Home, Laura
I have taken an in depth look at our Southwestern Wake real estate market. We are a busy group these days! We are seeing multiple offers and contracts coming in above sales price as well as more homes entering the market for sale. Average days on market have decreased in some markets by as much as 25%, a product of our busy start to 2014.
The following link shows a more detailed look at each of our city areas and their price ranges respectively.
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 to 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, excellent communication skills and a sales support team that is unmatched, we can guide you in a smooth, successful transaction from contract to close.
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
Fuquay-Varina held their 4th annual Teen Day Saturday, May 10 at the Fuquay-Varina Community Center and South Park. What an awesome program put on by The Town of Fuquay-Varina Police Department! As the mother of a middle schooler, it was great to hear that this was a “cool” event that all the middle schoolers and some high schoolers were attending. For the Town and our Police Department to take such an initiative investing in our future drivers is huge! There was free pizza, free t-shirts, and driver simulation activities to show teens what it feels like to drive while impaired or texting. The music and DJ were great; they delivered a low key, non-preachy, message to the young adults about how serious this matter is. My teen even came home with her friends telling me that they signed the pledge banner to Never Drink or Text While Driving.
Thank you Fuquay-Varina Town Police; FRONT PORCH REALTY will definitely help sponsor this program next year!
Welcome Home, Laura
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.
The following link shows a more detailed look at each of our city areas and their price ranges respectively.
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
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!
Front Porch Realty is An Equal Opportunity Company, Equal Housing Opportunity.
Information Not Guaranteed. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
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