Time to take a look at the Wake County Market Report for July 2009.
Below are the final numbers for detached homes as reported in our Triangle Multiple Listing Service which includes Apex, Cary, Fuquay Varina, Garner, Holly Springs, Raleigh, Wake Forest areas.
Remember the graphs below in this Wake County July 2009 Market Report are ONLY for detached homes in Wake County...
Active Detached homes during the month of July
Total detached homes under contract in July
Total homes closed in July
Home Sales surprised even the experts shooting up 3.6% - they had only expected 0.7% for July. Now we have five consecutive months of gains for Pending Home Sales and that's the first time that's happened since July 2003
photo courtesy of T.A.R.R. report
Pending Home Sales surprised even the experts shooting up 3.6% - they had only expected 0.7%. Now we have five consecutive months of gains for Pending Home Sales and that's the first time that's happened since July 2003. Low mortgage interest rates and affordable home prices are what's moving things upward.
Couple that with the Wall Street Journal reporting that inventories of active homes for sale on the market in 28 major metro areas fell 2.5% from June to July. Compared to July 2008 these metro areas had inventory drop a whopping 27%.
The facts still points hard that when priced right the first time homes sold in fewer DOM and for more money - according to the T.A.R.R. report:
"2nd quarter closings where the original list price equaled the final list price sold in an average of 49 days for 97% of list price as opposed to closings where the final list price was less than the original list prices took an average of 138 days to sell and for 88% of the original list price."
So just which subdivisions in Wake County are sizzling?
photo courtesy of T.A.R.R. report
So no matter where you are in your plans include a move to the wonderful Raleigh Triangle area let us know and we'd be please to send you our free relocation package. Or even better how about starting to receive FREE e-mails containing only the Triangle Real Estate listings specifically set up to match YOUR needs?
In any event - we're here. So drop us a note or call - we'd love to chat!
Previous Market & Real Estate Reports;
Wake County 2nd quarter Market Report
Wake County Market Report June 2009
Wake County (Raleigh NC) Real Estate Report for May 2009
Raleigh NC Market Report June 2009
Cary Apex Morrisville NC Market Report
Wake County Final Market Report for May 2009
Raleigh NC (Wake County) April Market Report
Raleigh NC (Wake County) February Market Report
Raleigh NC (Wake County) January Market Report
Coquette
4351 The Circle at North Hills
Raleigh, NC 27609
919-789-0606
This week after our Continuing Education class a group of us all got together for lunch at the neatest restaurant here in Raleigh NC. Coquette's in North Hills Mall in Raleigh, NC. There's nothing to complain about with this little gem. It's got it's own sassy personality very comparable to the regions in France to which they base their menus.
We enjoyed the private room for our Glenwood Gang lunch after our CE class with Bill Gallagher. This room is a great place for private parties at Coquette's in Raleigh NC
Owned by Kevin & Stacey Jennings of the Urban food group I shouldn't have been surprised to find it so chic. After having experienced their other gems in and around Raleigh - Tuscan inspired Vivace's, & urban chic Porter’s City Tavern. They also own Frazier's on Hillsborough Street in Raleigh.
The Jennings arrived in Raleigh in 1998 bringing with them a whacking amount of hospitality experience they had garnered in well-know bistros and resort dining from other parts of the Southeast.
Coquette's in Raleigh NC change their menu to reflect different regions in France about every 6 weeks. You'll experience tastes from regions like Languedoc (south west France), or when we were there last week it was French Basque. I heard that coming up next will be Provence. Offering dining experiences that are parallel to our weather and seasonal foods offered here. Pair this exciting menu with an extensive French wine list available by the bottle or glass - and you have a match made in heaven...
Chef Rob Bland and his 2 sous chefs trained in France and have been with Croquette's in Raleigh NC since it's opening. And since his family and Stacey's are from France you'll see old family photos that adore the decor at Croquette's. So next time you'll looking for someplace neat - whether for a luncheon treat, a dining experience, or a just to meet a friend at a chic French Brasserie style bar - make your way over to Midtown mall's - Coquette's in Raleigh, NC
Here's when you can enjoy Coquette's:
Brunch:
Sun 10:00 a.m.3:00 p.m.
Lunch:
Mon - Sat 11:00 a.m. - 5:00 p.m.
Dinner:
Mon - Thu 5:00 p.m. - 10:00 p.m
Fri - Sat 5:00 p.m. - 11:00 p.m
Sun 5:00 p.m. - 9:00 p.m
Barry's Cafe
2851 Jones Franklin Rd.
Swift Creek Shopping Center
Raleigh, North Carolina 27606
(919) 859-3555
Barry's Cafe is famous in our neck of the woods, but I got to thinking with so many new people moving into Raleigh and Cary NC it's time spread the word online about Barry's Cafe at 2851 Jones Franklin Rd located in 
Raleigh NC.
There's a very interesting story behind just how it became famous - but before we dive into that I have to tell you that if you happen to be in the mood for one of the best burgers ever - you'll be real glad you gave Barry's Cafe a try!
Ok - so back to the story. Owned by Barry Doyle, this unique resturant is tucked back in the Swift Creek Shopping center just off Tryon & Jones Franklin Road in Raleigh.
Barry's Cafe which opened its doors around 1992 in a way was just like many other new restaurants - long hours and hard work filled the first few years for Barry.
But all that changed when a surprised ice storm hit Raleigh in January 1994. A tracker trailer hit a dump truck that was spreading sand causing a massive collision and pile up on I-40. The firefighters and 1st responders spent hours in the freezing cold attending to the injured and clearing the debris to get the road reopened.
Cold and and hungry after nearly 7 hours they needed help - but how would anyone be able to reach them in the freezing ice storm. As fate would have it someone knew that Barry had a 4 wheel drive truck so they called and asked if he could help. Without hesitation Barry answered that call in a very unselfish way (you'll learn more if you'll watch the video below produced by the National Restaurant Association).
One thing's for sure - Barry's Cafe has a life of it's own which becomes very apparent as you enter it's doors and find yourself surrounded by a collection of "Fire Stuff". What's that you ask? Take a look at these pictures! The walls are covered with firefighter plaques, uniforms, and memorablia from all 50 states. It's dedicated to those that are out there risking their lives for us every day - the Firefighters of America!
Barry hasn't stopped answering the call for help. He's gone on to become the Founder and Station 1 of the
Feed the Firefighters Foundation.
And there's more... Barry's Cafe is committed to supplying all emergency food and drink to all of the 59 Fire Stations in Wake County - AT NO CHARGE!
Here's a way to add a flare to your next casual outside catered event - check out this firetruck! Fully equipped with a grill and a sound system guaranteed to please young and old alike making your event one that will be enjoyed and remember for a long time!
The world needs more people like Barry Doyle...
Hours of Operation:
Monday - Wednesday 7:00am - 2:00pm
Thursday - Saturday 7:00am - 8:30pm
Breakfast: 7:00 - 11:00am Lunch & Dinner 11am - 8:30pm
Sunday (Breakfast Only) 8:00am - 1:00pm
Detached homes in Wimbledon as per the Triangle MLS
As you meander around the beautiful winding roads of Wimbledon subdivision, located in Cary, NCyou'll come upon not one but two community ponds, a swimming pool, club house and naturally a spectacular tennis complex.
With a subdivision name like Wimbledon and streets named after some of the most accomplished tennis pro’s like Agassi, Connors, Everett, Martina, and of course McEnroe - tennis enthusiasts will certainly feel at home.
Located just across the way from exceptional health facility - Western Wake Medical Center, residents of Wimbledon Subdivision in Cary NC have a plethora of amenities right at their finger tips. There's Trader Joe’s on the corner of Cary Parkway and Kildaire Farm Road, as well as Whole Foods, Harris Teeter and Wal-Mart just down the street, convenience is a term Wimbledon subdivision residents know and appreciate.
Despite the conveniences, when you make that turn into Wimbledon it feels the same as if you would have entered a gorgeous neighborhood in the country - quiet, serene, and tucked into the trees. Just take a peak at what you'll find when you enter Wimbledon in Cary NC
So if you're considering selling or buying a home in Cary, NC or any other area in the Triangle I'd love an opportunity to discuss how tech savvy Realtors® WILL get your home sold.
Newstead Manor in Raleigh NC is for the discriminating homeowner who thought they just couldn't find an acre lot around the Cary/Raleigh borders.
Newstead Manor in Raleigh NC is located just west of Greythorne subdivision also in Raleigh NC. This one lane subdivision off Penny Road features matured landscaped lots and executive estates.
The entrance is so tastefully done setting the stage for what you'll find as you meander down Newstead Manor Lane. Not hard to be impressed! There are 21 custom built homesites (two lots that are still owned by Loyd Builders LLC) and one resale available. Located just minutes from Crossroads Shopping center, downtown Raleigh, major roadways, RTP and the RDU airport.
I enjoyed watching as Newstead Manor in Raleigh NC developed. Home prices back in 2005/2006 started out in the high $800's - low $900's. Below is a chart showing all the activity found in our TMLS for Newstead Manor in Raleigh NC.
So without further adieu may I introduce you to Newstead Manor Subdivision in Raleigh NC
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Raleigh REALTORS® - Broker Team serving the North Carolina's Triangle area with decades of combined experience. Specializing in relocation, new construction, resales & online real estate information
Nothing is more important to us than our family and home, it always has been. It really is where the heart is. So we have dedicated our real estate careers to helping others connect with their dream homes. We are very passionate about making the home buying or home selling process here in the Raleigh - Cary area as enjoyable and smooth as we can for people. . . We work hard to try and create raving fans of our clients (read what our clients say about us). We love what we do and this may sound clichéd, but we both are in our dreams job.
Being in the real estate business as a Realtor here in the Triangle is really many jobs rolled into one...
But most importantly - we're human beings. We can't think of any other career where we get so very close with people in such a short period of time. And we can't think of any other business we'd rather be in than Raleigh Real Estate.
Our areas of expertise is simple - it's Raleigh Real Estate. Whether you are buying - selling - 1st time home buyer - or on the 12th home sale/purchase, we'll give you 100%. We are relocation certified & specialists. We have made our mark with numerous awards over the years as #1 agents at Prudential Carolinas Realty (a complete list of our accomplishments can be at RaleighHomesOnline.com).
We take the time to stop and learn - continuously. Real Estate is an industry that is constantly changing and we know it. Lee holds his GRI, CRS, ABR, e-PRO designations, and Pamela has her CRS, ABR and is e-Certified - she devours everything pertaining to the internet, and to the process they use to enhance their sales & listings.
Through the years we have taken great care to learn not just about one town/area but about all of Wake County and the surrounding counties to better help their clients make a choice in where they want to move to.
So if you're thinking about selling your home, buiding a new home, buying land or a re-sale home in any of the Triangle areas from Morrisville, Cary, Apex, Holly Springs, Fuquay Varina, Garner, Raleigh, N. Raleigh, Wake Forest, Wendell, Rolesville, Knightdale call us. We are your connection to success in Real Estate!
We are settling in the new home and are enjoying every moment of it...And we owe you immeasurable thanks in making this dream a reality.
Since the time we've known you, you have helped us in each step of the home-buying process. Like I always say, you are more than a realtor to us. You are a trusted friend and a ready-source of information.
And for my kids, "Pam is our best friend who always listens and makes us happy".
Your in-depth knowledge of the market and enthusiasm and systematic style has amazed us. We did see quite a lot of homes before we liked this one and we appreciate your patience and positive attitude. Never did you put pressure on us for compromising our wish-list or likes. Whether it is providing information about the zoning of any property, proposed developments or other nearby property, you've always kept us upto-date with everything and that too in a prompt manner.Your skill of negotiating is evident from the fact that we bought the house for a very good price. When there were hiccups just before our closing, if you had not interfered and talked to the bank, the closing would have been postponed to the following week. And it's again your thoughtfulness and genuine nature that you tried your best and got the closing date pre-poned from a Monday to a Friday so that we get the weekend for setting up the new home.
We will surely recommend only "you" to all our friends and family. And I will maintain this friendship with you always.
Thanks again...Good luck and our best wishes to you and your family.
Sincerely,
Suresh and Santhy Subramanian
I can't even begin to tell you how much Bob and I appreciate your help in finding our new home. Having just moved from Wisconsin, house hunting was a daunting experience just in itself but you made it fun, comfortable and as stress-free as possible right from the start.
You immediately put us at ease because of your openness and excellent knowledge of the market and area. Again, as new-comers to the area you really listened for what was important to us and focused in right away to possible matches. You were also very accommodating to our schedule and needs.
Once we found our new home (which, I might add, was in only about a month's time--much shorter than what we expected) you led the negotiations with ease and expert know-how that made us glad you were on our side. throughout the whole process you were a stellar advocate for us, the buyers, and not hesitant in the least to speak up for our best interests.
You'll be our first call when we start thinking about our next move.
Bob and I can't thank you enough! Now, can you help us hang some pictures. :)
Bob & Jeanne- Apex, NC
Lee I just wanted to take a moment to thank you for your assistance regarding the sale of our home.
As you know, our home had been on the market for 6 months prior to your services with another agency. We had no offers during such time. It was quite depressing and very unsettling.
When I inquired about Prudential, you were the listing agent that my husband and I wanted. We noticed you had sold other properties in our neighborhood that were on the market for a very short time.
You were very knowledgeable in your area of expertise. you told us facts and never "Sugar Coated" anything. We greatly admired that! Your marketing strategies, knowledge of the market, and selling techniques were outstanding.
When closing time finally happened, we were extremely impressed on how you walked us through the process. In just 3 1/2 short months, you did what we believed would never happen... placed a "SOLD" sign in our front yard.
I would also like to add a little bit of hidden information to those reading this letter. We were 725 miles away during this process and you were always only a phone call away!!
Many Thanks,
Catrina & Charlie - Cary, NC
We've worked with Pamela & Lee St. Peter on buying and selling our home in Holly Springs NC and we would highly recommend anyone looking to buy or sell in the Triangle to use their services. Our first experience with the St. Peter's was in 2003 when we were looking to buy our first house. We needed someone to trust and who would have the patience and knowledge to guide us through this process. They did not let us down, from signing the purchase agreement to closing day, they were with us every step and there to answer any questions.
Then, earlier this year (2008) we decided we were going to move back to NY and we asked them to sell our house. Our house sold in less than 4 weeks and we had a showing almost every day of those 4 weeks. Again they were there every step during the sale of our house and we never felt like we didn't know what was going on. Selling a home can be extremely stressful and their professionalism helped reduce the overall stress of the transaction. Thanks for making the process run so smoothly..YOU GUYS ARE THE BEST.
Sincerely,
Josh & Michelle Putnam -Webster, NY
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