SW WAKE COUNTY MARKET UPDATE | Q1 2021
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!
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