Tag Archives: apex
Re-sale versus New Construction in 2nd Quarter 2015
It’s no surprise our Southwest Triangle Market is HOT this season and our quarterly numbers are certainly proving that. This quarter I have decided to show numbers of a more narrowed down section of our county by reporting only Fuquay Varina, Holly Springs, Apex and Cary. I have also included data comparing re-sale homes to new construction homes as our new starts have certainly heated up this year as well with new construction homes being a significant part of our real estate sales.
2nd Q 2015
In summary, all markets are showing healthy new construction activity. Surprisingly, in most price-points re-sale homes are showing “price per square foot” as high as new construction and “days on market” just as low, if not lower, than new construction. Builders are staying very competitive. Holly Springs is the only market that is actually showing a measurable increase in number of units sold this 2nd quarter 2015 as compared to the same quarter last year with a 27% increase. The other towns show 1-6% increase of total units sold. It should also be noted that our table shows only active and closed sales; calculating months of inventory for this purpose we are considering “pending” sales as “active”.
FRONT PORCH REALTY has settled in to our new Main Street Fuquay office and are enjoying being part of the Link between our two downtowns. We have started a new seminar series on the 3rd Thursday of every month from 6-7 pm. This casual seminar is for potential clients that are just starting to think about a move. We offer a relaxed format with wine and cheese as well as visits from some of our trusted local professionals that also are involved in the selling or buying real estate transaction. Please send over anyone that you believe can benefit!
What’s a Buying and Selling Seminar Anyway?
We love selling Fuquay and the surrounding area, we are helping buyers move across the country as well as those moving across town. With 19 years of experience selling our Triangle market, excellent communication skills and broker support team.
Welcome Home,
Laura
Commercial Real Estate Going Fast in Fuquay Varina
I had the privilege of hopping on the Fuquay Varina Chamber of Commerce’s 5th annual Commercial Bus Tour last week. What a fantastic opportunity to ride along with investors and other brokers from Raleigh and other cities of NC. l was pleasantly surprised to see such great interest from so far away! Fuquay is booming as we saw from our tour of vacant lots and office/retail space available all amid the construction of new buildings currently going up right before our eyes.
We concluded our tour at Wake Technical College’s culinary restaurant, what a treat!
Contact Front Porch Realty today for your private tour of Fuquay Varina’s commercial real estate as well as any other real estate need!
2014 3rd Quarter, Great Market Gain!
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.
3rd Q 2014 Home Sales by City
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.
Market Update 3Q 2014
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