Tag Archives: market

1st Q 2018 Market Update

By now, you’ve heard Front Porch Realty’s exciting news; we have elevated our brand and we have a new custom website! We are still the same “Front Porch Realty” you have known for years but have begun to concentrate our business in Fuquay-Varina and Holly Springs. We are already the #1 Independent real estate office in these two towns and our goal is to become the #1 real estate company overall. We want to become top of the mind status for you and all things real estate! Here is our quarterly 1st Q 2018 snapshot of our local housing inventory. We are still deep in a seller’s market, especially for re-sale homes; new home inventory is up 17% across the Triangle while re-sales inventory is down 15% from the 1st quarter of 2017, according to our Triangle Multiple Listing Service 1st quarter market stats. This imbalance of supply is causing record increases in sales prices; average sales price of new construction is up 9% and average re-sale homes sales prices are up 10%. Inventory is still low on our end of the county and demand is high. As we can see from our 1st quarter local data, months of inventory are very low at most price points at less than 2 and units sold have increased across both markets. We are here to help you, your relatives, co-workers, employees, and neighbors. Please consider Front Porch Realty as YOUR LOCAL real estate professionals!

4 Tips For Buying A Home In A Hot Market

When a market is hot, finding and buying a home can feel like an uphill battle. In a seller’s market, homes go quickly. They can be on the market one day and gone the next. And on top of the challenge of finding a home, most homes (especially the desirable ones) have multiple offers, making it harder to get into the home of your dreams. But buying a home in a hot market isn’t impossible! You just have to approach it strategically and stack the deck in your favor to find – and successfully buy – the right home for you and your family. Here are four tips for buying a home in a hot market that will put you a step ahead of the home-buying competition: Continue reading →

To FSBO or not to FSBO, that is the question…

To FSBO or not to FSBO, that is the question… It’s no secret that the Triangle Area Real Estate Market is busy. Why not just be a For Sale by owner and save a little cash?

FSBO cartoon sign

We can totally understand why a NC Homeowner might be enticed to sell their real property “on their own” in this busy Real Estate market.  You have worked hard to build up the equity in your home…why give it all to an agent?
From Larissa, a recent FRONT PORCH REALTY Seller Client ” …Selling you home is always stressful but working with a professional real estate professional ensures that the process goes as smoothly as possible and that your best interests are kept in mind while your home is being marketed and sold so that you can get the highest return on your investment…”
  Rocking-Chair-image-with-logos  
  • NC has disclosure laws that EVERY homeowner must follow, whether they are using a real estate agent or not.
  • NC purchase contracts now have a due diligence clause to help the seller with their real estate sale, a professional knows how to negotiate all of the facets of the purchase contracts and their addenda to get you through a smooth transaction.
  • A perspective buyer entering your home will most likely be represented by their own personal Buyer’s Agent and YOU are paying for that representation whether you have hired an agent or not!
Did you know it is illegal for anyone in the state of NC to pay a “referral fee” to a non-licensed person?  Yep, it is actually a felony. It’s better to avoid this and stay out of trouble! We sell real estate FULL TIME and we have a professional state license to do so. We are experts in this Market and we want to work for you. So…why not leave it to us?

A look back at the 2014 Triangle Real Estate Market

To no one’s surprise 2014 was a great year for our Triangle real estate market! All of our local markets showed an increase in average sales price as well as an increase in price per square foot and decrease in days on market.  That means homes are selling fast! 4th Q 2014 Home Sales by City This shortage of homes for sale has helped our sellers to be able get out from under water and have the confidence again to sell. Mortgage rates stayed extremely low for the year which was a key factor in fueling buyer activity. See how 2013 compared to 2014 and how a few of our Fuquay Varina local neighborhoods shaped up in 2014.  This should give you a good picture of what’s to come in 2015! 4th Q 2014 City and subdivision Welcome home! laura