Happy New Year! While all of us in the housing industry are trying to catch our breath, I took some time once again to look at our year end local SW Wake county real estate numbers. I was both surprised and pleased to see that Triangle MLS reported the Fuquay-Varina/Holly Springs market 3
rd in the Raleigh housing market for market share for 2015. With our crazy growth, I decided to add an even more in depth comparison of re-sale homes to new construction in our region. According to the TMLS report, the Fuquay-Varina/Holly Springs market also showed a lower than average Days on Market of 50 (the Triangle average was 60) as well as a higher than average sales price increase of 7.5% (the Triangle average was 5.6%).
Across the board, re-sale and new construction of all SW Wake markets showed an increase in number of solds, sales prices, and price per square foot, as well as decreased days on market compared to 2014 year end. This is not surprising news as we are deep into a “Seller’s Market”. There are just not enough homes out there for sale, new or re-sale, to satisfy the buyers pouring in to our market. Now is the time to sell your home!
See our 2015 Sales by City Comparison
FRONT PORCH REALTY has had lots of excitement going on this past year too! We have added 3 more real estate brokers, 2 of them bilingual; we can now help consumers speaking French and Spanish. We have also JUST moved our long standing Cary office to Holly Springs. Watch for some exciting news about our Holly Springs office coming soon.
Front Porch Realty loves selling Fuquay-Varina and the surrounding area, we are helping buyers moving across country as well as those moving across town. I will be celebrating my 20th year selling real estate this year and am proud to offer Fuquay-Varina a team of experienced professionals to make everyone’s dream come true! Please like our
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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