Scott Hoyt

Scotts Mill in Apex is a fantastic place to live. A very progressive live/work development 20 minutes from RTP, 27 minutes from RDU International and 25 minutes to downtown Raleigh. Less than five minutes away is Beaver Creek with a Super Target, Lowes, Dicks Sporting Goods, many restaurants. The Tobacco Train is three miles south.

Truly an amazing spot. With many more features than I mentioned. The only problem is that most of the homes cap out around 2400 sq ft. Not really a problem as these homes have increased in value a great deal because of location, amenities and style.

300 Hickory Bottom Court is the exception, this 3100 square foot home with 4 bedrooms and a finished attic perfect for an office, entertainment room, or guest room. This large home on a cul de sac has a sizable FLAT/level mature lot. A great rare find in a great location. This Cattano built home has great bones and a fantastic floor plan, good cabinetry.

Scotts Mill also includes Booda Beans Coffee shop, Hoppers House (a children's playhouse) a family dentist, and a private Catholic School.

For more information on this home and any in Scott's Mill contact Nancy Guenther 919.522.8330

The following Graph shows Active, Pending and Sold listings for Wake County, North Carolina homes over the last 15 months.

You can see the market is picking up in line with last year, but not as rapidly. The inward migration numbers are strong, the sales are down, the pent up demand in Wake County is growing and growing. I have no idea what the catalyst will be, but rates will not get much lower and we have seen that it is very unlikely prices will decrease or job growth will not continue in our area so it is a very different market than many other parts of the country.

Apex has become well-known in recent years for being a great place to raise a family. It's known for its slow, Southern Pace, welcoming attitude and the quaint Downtown Historic District, but fashion? It may not be the first thing that comes to mind when you think of Apex, but things are changing.

My Girlfriend's Closet, Nativa (the new womens boutique on Salem St.), Blue Tiger Gifts and Hair, Body and Sole Salon and Spa will be hosting a runway fashion show at Common Grounds Coffee House on Friday, June 13th at 7 pm.

Common Grounds is located at 219 N Salem St, Apex NC 27502. Bring your appetite Common Grounds has a great desert selection.

It is great to see all of the shops downtown collaborating to create a fantastic consumer shopping experience!

Thanks Cheri for giving me the info and the press release, trying to spead your word.

Apex, North Carolina, May 23, 2008.

Apex home sales for April of 2008 exceeded those in April of 2007. Median sales price is up $26,000, the number of homes put under contract is higher. What is going on, everything I have read has said this is not possible. Days on the market is up to 72 but it was 73 in April of 2007.

Bottom line the home market in Apex is outstanding, just as Forbes Magazine said last week the whole Raleigh Market is a great sellers market.

To see all the homes currently listed in Apex click here.

The real estate market for Cary / Morrisville North Carolina continues to out-perform the national market. There were actually more homes put under contract in April 2008 than in April 2007.

As these charts show the average price per square foot for homes sold is very positive as well, up $3 from April of 2007.

The number of homes for sale in Cary is way up from last year but current pendings have brought the months supply to a very solid 6, a great number compared to the 9-24 months we are seeing in other parts of the country.

A big reason for the increased inventory is the large number of Spec homes being build in new developments along HWY55. Developments such as Hortons Creek, Villages of Highcroft, Weycroft, Copper Leaf and Crossing at Green Level. The sales history in these developments has been so strong that builders are very comfortable putting strong selling spec inventory on the market. This will create some strong sales numbers in the summer of 2008. You will see that existing homes for sale, (owner occupied sales) are feeling pricing pressure on the asking side but sales prices are still increasing at an amazing rate.

As you can see that pricing aside from October of 2007 and February of 2008 has had a very positive curve over the last 15 months.

The pricing pressure for sellers has not actually resulted in devaluation it is actually correcting the market.

Forbes magazine called the Raleigh North Carolina the best sellers market in the nation, in May of 2008.

To search all the homes for sale in Cary / Morrisville click here.