Tag Archives: real estate market

2nd Quarter Market Update 2023

We are still seeing low inventories across our market; however, we are beginning to see a more balanced market, and even a slight buyer’s market at higher price points and with some new construction. Keep in mind, often new construction is listed at time of permit, so our “Active” numbers are a little skewed as “active” does not necessarily mean “available” for quite some time. Price/square foot has decreased over the last year due to an increase in new construction inventory; re-sale homes are still highly competitive as they are usually on larger lots and ready for immediate move-in.
 
I believe our local housing market is going to continue to be robust despite rising rates. We still have such a surplus of people moving into the entire Triangle area. Buyers right now are coming from all over the country in addition we always have local renters, empty nesters, and growing families staying locally in Fuquay-Varina. Please consider Front Porch Realty YOUR LOCAL go to real estate company and follow all of our social media!
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New Construction Homes in Fuquay-Varina

New Fuquay-Varina subdivision, Purfoy Place has only a few opportunities left. Hurry and you can still make your own custom selections!

Enjoy a quaint, one-street neighborhood with .5 acre lots(!!!) nestled on the Harnett Co side, just a short 7 minute drive to all the Downtown Fuquay-Varina amenities. Local builders Kara Homes, Glover Design Build, TBP Homes and Gemstone Homes have built some beautiful CUSTOM homes with a few more to go! Two homes currently are READY for immediate closing with 4 more currently available! Head on over to our website to get more information!

$10,000 USE AS YOU CHOOSE!! ACT FAST!

Check out the newest neighborhood DRONE footage by Mary Pickard Photography to see how far Purfoy Place has come! Check out all available NEW CONSTRUCTION homes in Fuquay-Varina HERE and CONTACT US to get started with your home search with a trusted LOCAL real estate agent!

2023 Spring Sellers Market Outlook

If You’re Thinking of Selling Your Home, Spring is the Perfect Time

Traditionally we have all heard; “Wait until the Spring to put your home on the market!” While Spring is a fine time to sell your home, what I have learned while selling homes in Fuquay-Varina for the last 30 years is there really isn’t a “bad” time to sell your home in the Triangle area of North Carolina!
Yes, Spring brings the school-minded families out hoping to get all settled in a new home before school starts but we all know Wake county doesn’t have a “traditional school calendar” and hasn’t for a very long time. Of course, LOTS of our transplants that are looking for homes in our area are coming from areas of the country where they only know the traditional school calendar of September to May. So, Spring makes a perfect time to sell your home.
Spring also entices us all to do our “Spring Cleaning” …does anyone else remember washing walls with a bucket and sponge and windows inside and out with a vinegar bottle and newspaper on their Spring Break?? After a good cleaning out from our winter months, putting your home on the market to sell is a great idea!
I have seen over the years that if someone is looking for a home in the winter months, they “have” to move and are very serious. We don’t have to worry, most years anyway, about moving in the snow or bitter cold but we know our “transplants” do! I have always told my owners that were thinking of putting their home on the market in the fall or winter but they want to “wait until Spring”, why wait until you have lots of competition out there? May as well sell when no one else is! It’s all about supply and demand!
Speaking of supply and demand, we are STILL seeing a shortage of homes in Fuquay-Varina and the surrounding areas. We just put a home on the market last Friday afternoon and received multiple offers before the weekend was up! Yes, the mortgage interest rates are going up, but rising rates are not stopping buyers needing a home in our area! Buyers know they can always refinance their home loans when the rates head downward again.
Front Porch Realty is the only LOCAL INDEPENDENT real estate company in Fuquay-Varina. We all eat, live, and play here and most of all we KNOW our Fuquay-Varina real estate market. We consistently have buyers from all over the country contacting us as they find us on Google and can quickly see we are the LOCAL leader of Fuquay-Varina. I publish a hyper-local quarterly Real Estate Market Update, let me know if you would like to receive it by email or snail mail. Oh, and Front Porch Realty just partnered with Front Porch Rentals offering Property Management for our local homeowners!  
Let us know how we can help you!
-Laura (Moody) Evans, Broker/Owner
Front Porch Realty | 604 N Main St Fuquay-Varina | 919-422-4542
FrontPorchRealtyNC.com

MARKET UPDATE YEAR-END 2022 | SW WAKE COUNTY

Happy New Year!
 
Just when we thought real estate in the Triangle could not surprise us anymore! 2023 brings us a much slower-paced market with months of inventory just beginning to look slightly balanced. Our buyers slowed way down; I believe partly because they were priced right out of the market with the rising interest rates as well as out of an abundance of caution.  Rents are high, but house payments are even higher.  I believe buyers at every life stage took a step back and are cautiously analyzing what is important to them in their household. Despite that, the Triangle is continuing to experience record growth which will continue to bring the buyers to our area. We will continue to see a shortage of re-sale homes as those re-sale owners that have refinanced are choosing not to go anywhere.
 
See our Year-End 2022 Market update here –
4th Q 2022
 
Front Porch Realty has exciting news; we are getting ready to offer Property Management services for residential and multi-family units. Watch for our public announcement coming soon and let us know if we can help you, or anyone you know, with their property management needs. We have invested in a streamlined program/app that is going to make it super easy for the renter and landlord! Be sure to follow along to stay in the know of all of our happenings!
 
If you would Like to receive our quarterly local Market Update regularly in your mailbox, or inbox, LET US KNOW!  
-Laura Moody Evans
Broker-in-Charge/Owner

$10,000 USE AS YOU CHOOSE!

Gemstone Homes has a special offer going on for 2 of their beautiful, custom new construction homes in PURFOY PLACE!
 
Let us repeat that, Gemstone Homes is giving $10,000 TO USE AS YOU CHOOSE on your home! This could apply to your closing costs, blinds, appliances, fixtures, WHATEVER YOU WANT!
 
PURFOY PLACE is located just outside of Fuquay-Varina, about 7 minutes from the Historic Downtown Fuquay-Varina Area. All lots are just shy of half an acre with curb and gutter, enjoy a sidewalk on the North side of neighborhood, and a Mail Kiosk at the entrance of PURFOY PLACE.
 
Contact your Local Fuquay-Varina Real Estate Experts at Front Porch Realty today to learn more!
For location and more details visit us HERE!
LOT 13
294 LAMBERT LANE 4 Bed / 3 Bath $550,000

LOT 20
462 LAMBERT LANE 3 Bed / 2½ Bath $525,000

The Onyx IX

Award winning plan, The Onyx IX by Gemstone Homes sits picture perfectly on a pond view lot!

The Onyx boasts 4/5 Bedrooms PLUS 4 Full Baths. Enjoy a soaring open foyer, a Statement Gourmet Kitchen with a stainless steel hood, quartz, 36″cooktop and wall oven/microwave combo. The Master Suite and Guest bedroom are located conveniently on the first floor. The second floors holds 2 Bedrooms, a Bonus room, and a 5th Bedroom or second Bonus Room!
To learn more about Purfoy Place, located in Fuquay-Varina, and our outstanding Custom Builders, contact Front Porch Realty today…time is running out!

A Small Town with a Historical Past and a HUGE Future

Fuquay-Varina (FeW-kWAY VAh-Ree-NUh)

SMALL TOWN ATMOSPHERE

Although growing, and we mean growing FAST, Fuquay-Varina still maintains it’s small-town atmosphere. Supporting local is a key factor to this along with the outstanding community Fuquay-Varina holds. With events held all over our town throughout all seasons, to local companies that are known world-wide, Fuquay-Varina has it all. Fuquay-Varina locals shop, drink, and eat local and there is a good reason for that. We have some of the best breweries around, delicious food found on every street in both Districts, and activities for all ages, young and old! Aviator Brewery, well-known all over in Grocery Stores and Gas Stations originated in Fuquay-Varina and is a hit for locals and visitors! Take a ride on the Brewquay Prowler to explore the multiple breweries Fuquay offers with a group of friends! Stop into our favorite dive-bar for a delicious custom drink and if you’re lucky, a yummy bite to eat if you see that neon burger sign lit up at The Brick! Anywhere you venture to in Fuquay-Varina, you are sure to find a smiling face!

LESS THAN 20 MILES FROM DOWNTOWN RALEIGH

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Enchanting Home in Fuquay-Varina on 10 acres

Welcome to 938 Cokesbury Road, Fuquay-Varina, NC 27526

This unique home is nestled on a beautiful 10.8 acre secluded, wooded lot right here in Fuquay-Varina.

The ground/basement level area has it’s very own full bath and fully equipped kitchen. This space makes the perfect Mother-In-Law suite, kids bonus room, or a home office.

The upper main floor of this home has 2 Bedrooms and an open Kitchen/Living room area with plenty of natural light. The Dining Room is an oasis itself with gorgeous views. The Master Suite is located on the 2nd floor with its own private balcony.

Beautiful solid white oak flooring found around home. The screened porch areas are perfect retreats for winding down after a long day or enjoying meals in the outdoors during the upcoming beautiful months!

NO HOA | NOT IN SUBDIVISION

Contact Front Porch Realty for your private tour today!

3 BEDROOMS | 3 FULL BATHS FULL BASEMENT WITH OFFICE | IN-LAW SUITE SCREENED PORCH | BALCONY

1399 Honeycutt Road, Willow Spring, NC, 27592

Check out this charming home with numerous recent updates, it’s move-in ready! Located just outside of Fuquay-Varina in Willow Spring, you aren’t far from any of your necessities!

Beautiful, secluded home on a wooded .93 acre lot. New HVAC system, roof, and windows! Privacy in your own backyard with a beautiful view.

Another wonderful upgrade to this home, new wood laminate flooring throughout the living room area. Enjoy a gas log fireplace to enjoy on these cold winter nights ahead!

Enjoy a separate utility room attached to the kitchen. Kitchen has laminate tile for easy to clean messes. Back doorway leads to the back porch to enjoy a cup of coffee in the early mornings or a late night glass of wine while gazing out into your private backyard.

All Bedrooms have walk-in closets, you certainly are not short on closet space in this home! Master bathroom includes a double vanity, tiled floor, and beautiful chair rail molding!

Bonus time! Enjoy a pre-wired 10×12 Storage Building for all of your handy needs!

This home features a concrete driveway with a private fence around the yard! DO NOT MISS OUT ON THIS AWESOME HOME! Listed at $305,000! Call TODAY: 919-577-0175 to learn more!