Scott Hoyt

27519 in West Cary is one of Wake Counties most affluent and is proving to be very stable. This area goes from the Cary/High House area including Preston, to west of HWY 55 to include Cary Park, Copper Leaf, Weycroft, Highcroft and the Reserve. This report includes Single Family Detached Homes only.

January 2009 Sales For 27519

Closed Units: 17

Average Sales Price: $395,000

Average Price Per Sq Ft: $138.00

January 2008 Sales for 27519

Closed Units: 15

Average Sales Price: $399,000

Average Price Per Sq Ft: $139

Pending Sales 2/03/09

Pending Units: 36

Average List Price: $490,000

Average List Price Per Sq Ft: $142

Feb. 2008 Sales

Closed Units: 13

Average Sales Price: $370,000

Price Per Sq Ft: $129

Analysis: M-T-M numbers are outstanding in this climate showing a $1 per sq foot price drop. This is very consistent as the average home sold in Cary 27519 2008 was 2850 sq ft and the average in 2009 was 2862. Numbers are holding up very well and February sales should be an increase. New Build Sales in late 2008 will close and help prop up those numbers.

For Kicks I went back to the heart of the "Bull Market" in 27519, January of 2007. 37 homes sold, the average sales price was $436,504 for a 3022 sq ft home and an average sales price per sq ft of $141.10. A $3.10 drop in price per is not bad. The median price per sq ft was $130.85 vs $140.33 in 2009 an increase!

Lochmere, a gorgeous Cary NC golf community, is situated in a prime East Cary location near the intersection of Kildaire Farm Road and Tryon Road. The age of Lochmere homes range from 1980's-1990's, with home prices listed from $400,000-1 million. The scenic beauty of Lochmere is undeniable. Lochmere's Glen Echo town homes are situated on or close to the lake. These townhomes are in the high $100's. Other executive lakefront homes list at approximately 1 million dollars. From the tranquil lake and trails to the finely manicured fairways, Lochmere offers distinctive living for all it's residents.

If you like to be active and outdoors, Lochmere is the place for you! This planned community is easily one of Cary's most popular neighborhoods and for good reason. The mature landscaping features lots of trees and foliage throughout the subdivision. Additional outdoor amenities include walking trails, community pool, lake, tennis & volleyball courts and even a bike lane along the neighborhood roadside. The Hemlock Bluffs Preserve is directly across the street from Lochmere and offers hikers 3 miles of trails and scenic observation platforms. But if golf is what you love, the Lochmere Golf Club is there to join and enjoy!

Lochmere's proximity to shopping, highways and recreational hot spots, make is a premium place to live. At the intersection of Tryon Road and Kildaire Farm, which is just a half mile from Lochmere, you will find the Western Wake Medical Center and Medical Park, the Harris Teeter Plaza which features a convenient Wal-Mart and one of the most Popular Whole Foods stores in the Triangle. Commuting to downtown Raleigh and the Research Triangle Park is a snap as Lochmere residents are minutes from Highway 1 that leads to Interstate 40. Lochmere is certainly one of Cary's residential gems!

The Breckenridge Subdivision is an established community conveniently located just minutes from Research Triangle Park in Morrisville, NC. Breckenridge is just off Davis Drive making it a dream location for RTP commuters. Pulte Homes developed Breckenridge with every detail in mind. Breckenridge offers buyers both townhomes and single family residences with homes reaching to 3200 square feet in size and range in price from $150,00- $350,000. Floor plans and unique elevations make this a charming subdivision. Pulte is of one of the nation's largest and most diversified builders. Pulte is dedicated to building homes that meet their buyer's lifestyles and at all stages of their life. To that end, this gracious subdivision has several recreational amenities for its residents. There are the relaxing pool and tennis courts, as well the community center for resident gatherings. The new Harris Teeter Plaza is located at the entrance of Breckenridge. This Plaza is home to great local eateries, salons and shopping. Breckenridge's access to 540, Raleigh Durham Airport and RTP companies along Davis Drive add to its tremendous appeal.

This location is also very accessable to University of North Carolina-Chapel Hill, Duke University and North Carlina State University as well as government operations in downtown Raleigh.

Macgregor Downs is an exclusive community in Cary that lies adjacent to the Macgregor Downs Country Club. A majority of the home sites average a half an acre and the developer has gone great lengths to preserve the hardwood trees and sloping topography of this subdivision. Developer Arthur Steckler & Gregory Poole took great care to protect and enhance the natural scenic vistas. The impressive and elegant stone entrance ways into Macgregor greet you as you enter. Macgregor and Macgregor West are in close proximity to your favorite shopping, entertainment and business centers.

Macgregor Down and Macgregor West is situated between Kildaire Farm Road and highway 64 going west. Homes in Macgregor were built in the 1970s- 1980s and the Macgregor West subdivision were built from 1989 and to 1996. Today many of the oroginnal homes are being bought and torn down to make way for more up to date homes. The 18-hole Macgregor Downs course at the Macgregor Downs Country Club facility in Cary, North Carolina was designed by Willard Byrd. It features 6,860 yards of golf from the longest tees for a par of 72. Macgregor also has an Olympic size pool and a competitive swim team for the children of the club members.

Macgregor's proximity to shopping, highways and recreational hot spots, make is a premium place to live. At the intersection of Tryon Road and Kildaire Farm, which is just a half mile from Macgregor, you will find the Western Wake Medical Center and Medical Park, the Harris Teeter Plaza which features a convenient Wal-Mart and one of the most Popular Whole Foods stores in the Triangle. Commuting to downtown Raleigh and the Research Triangle Park is a snap as Macgregor residents are minutes from Highway 1 that leads to Interstate 40. Local restaurants, including the Macgregor Ale House, are local favorites and are in walking distance to wonderful hotels. Macgregor also has the good fortune to be a mile or so away from the Koka Booth Amphitheatre where many musicians perform as well as our own NC symphony. The exquisite homes and amenities of Macgregor make it one of Cary's most unique and lovely communities!

Living at Briercreek is an active person's dream. If walking or running is your thing, you can always find a fresh route. In the mood for a walk with a treat awaiting you on the other end? How about a waffle cone of homemade ice cream at Maggie Moos or the Sunday morning paper with a latte at Barnes and Noble? And with the holidays right around the corner, Christmas at Briercreek is magical. Old-fashioned horse-drawn sleigh rides, Christmas carolers, hot cocoa and a visit with Santa are the custom every weekend in December.