Every quarter I compile sales data and statistics from our local Triangle MLS; its a great way for me to analyze my pricing strategies and see our whole REAL real estate picture, usually backing up what I already could feel was happening in our Southern Wake real estate market. Always good to have quantitative data to back up what you are buzzing about!
Below is a summary of our entire area; months of inventory along with average price per square foot and average days on market are all improving, all good indicators of our appreciating market.
The following link shows a more detailed look at each of our city areas and their price ranges respectively.
Our “summer” season lasted longer than usual as our Southern and Western Wake county markets have continued to appreciate and rebound. All areas have lowered their months of inventory in most of their sales price ranges and we are showing balanced and even slight seller markets for some sales prices across the region.
This is good news for sellers, and continuing great news for buyers as mortgage rates have stayed extremely low and mortgage companies are continuing to lighten up on lending.
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
Wow! I just found out that our membership in the Institute for Luxury Home Marketing also gives us membership into Proxio, THE International MLS translated into 19 languages. This gives FRONT PORCH REALTY a huge advantage to be able to market luxury homes to high net worth buyers across the globe. Not only can we market our properties directly but we will be networking with 450,000 real estate professionals in over 115 countries!
– Welcome Home, laura
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 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
The Crooked Creek Golf Course is one of two golf communities located in Fuquay-Varina, NC. Located about 15 min southeast of downtown Raleigh, this neighborhood offers an 18 hole semi-private golf course, a practice range, a 6,000 sf clubhouse with a grill room and fully equipped conference rooms. The neighborhood also includes walking trails, a playground, Swim Club with competition swimming and Tennis Club.
Homes in this neighborhood range from the $200,000’s-$500,000’s. Most are nestled in private lots with mature trees. Check out our featured listing in this neighborhood. 5709 Butterchurn Way is a rare find with 5 bedrooms and 4 full bathrooms priced at only $349,900. It is nestled in a cul-de-sac on 1/3 of an acre. There is a bedroom with its own private deck and full bath on the first floor, great for guests, in-laws, or teens.
View full listing information of this lovely home on our website 5709 Butter Churn Way, Fuquay Varina, NC 27526
Please visit us at our OPEN HOUSE March 18, 2012 2:00 pm-5:00 pm
Welcome Home, laura
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.
©2025 Front Porch Realty
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