I know we're a bit early but I was getting anxious to see how we are doing in the Raleigh area real estate market. It's exciting to be tagged as the #2 city in the nation for a real estate rebound but I want to see the numbers start to uptick and couldn't wait till next week...
So here goes - my good, bad and ugly for this month.
The tables below remember are for single family detached homes in Wake County and the information taken from the Triangle Multile Listing Service (our MLS). It includes places like Raleigh, N. Raleigh, Cary, Apex, Morrisville, Fuguay Varina, Holly Springs, and Wake Forest.
We've started to bring you some of those individual area market reports like earlier this month (Cary NC April Market Report) and will continue with those next week.
But for now let's review what's going on in Wake county...
First let's look at all Active Detached homes for sale in the Triangle MLS for Wake County
Of all the actives listings above - below are the new listings to come on the market in Wake county so far this month:
Total properties pending or under contract:
Total properties sold and closed so far this month:
I thought you would like to see the High, Low, and Average prices on these charts as well as the Average Days on Market.
Now if you've followed my previous reports you know that I like to also know what's going on as far as showings go. After all if nobody's looking nobody's buying... So here's the showings activity so far this year from our CSS. The report indicates an upswing in showing activity - which is a good indicator.
I find it interesting to see what price level is getting the most showings or activity in our Raleigh Market. Below you'll see that not much condo activity but it certainly swells around the $300K price point and then trickles down from there.
So there's what we have - looks like active listings are down, as well as the average price per square foot from last year. Days on the market are higher, but the average sales price for Wake county has actually increased a little over 4%. We'll be keeping a close eye on the market in the days and week ahead. We want to make sure we prove Ms. Corcoran right!
About the author: Pamela is a Raleigh Realtor with The St. Peter HomeSelling Team at Prudential YSU Realty in the Triangle.
A team of passionate North Carolina Brokers dedicated to connecting their clients to success in home buying and home selling in the Triangle.
Pamela can be reached via email at Pamela@RaleighHomesOnline.com or by calling (919) 645-2522.
For your real estate needs The St. Peter HomeSelling Team serves the following areas; Raleigh, Cary, Apex, Morrisville, Holly Springs, Fuquay Varina, Garner, Wake Forest
The Today Show had Barbara Corcoran discuss where she sees the most likely rebound in the real estate market and why. Pretty important question these days on everyone's mind. According to Barbara there are 8 characteristics that a city must have in order to rank high;
So just how did Raleigh do? We ranked the #2 spot in the country!! Where you can still find a 3 bedroom/2.5 bath for an average price of around $223K. Couple that with all sorts of other accolades such as Forbes naming us the #4 spot in the country for job growth and it's no wonder we love specializing in helping people relocate to the Raleigh area.
But that's not all - as Barbara also mentioned it's all about family and Raleigh is a very family friendly place to call home. However you describe your family you'll find this area teaming with all sorts of activities! Starting your life all over? Raleigh is the place to consider.
We're here making connections for you!
Visit msnbc.com for Breaking News, World News, and News about the Economy
About the author: Pamela is a Raleigh Realtor with The St. Peter HomeSelling Team at Prudential YSU Realty in the Triangle. A team of passionate North Carolina Brokers dedicated to connecting their clients to success in home buying and home selling in the Triangle.
Pamela can be reached via email at Pamela@RaleighHomesOnline.com or by calling (919) 645-2522.For your real estate needs The St. Peter HomeSelling Team serves the following areas; Raleigh, Cary, Apex, Morrisville, Holly Springs, Fuquay Varina, Garner, Wake Forest
Last month we looked at all of the real estate stats for Wake county. So I thought we need to look into the various communities here in the Triangle.
One of the most popular is Cary NC. It is also one of the most vibrant communities in the Triangle. Very much sought after for their wonderful parks and recreation, great schools, activities, involvement... It's population 132,647 (October 2008) up 5.73% from the previous year. It really is in the heart of RTP (Research Triangle Park). It's no wonder it's ranked among the top regions in the country to work & play. The accolades abound.
Let's take a look at how the real estate market did in February.
We'll start with the showing that took place. Below is the report from CSS (Centralized showing service) indicating the total number of showings for all of the TMLS area (Triangle Multiple Listing Service)
Here's how Cary North Carolina did for the month of February - remember this is for detached single family residential...
We'll continue to look into some of the other communities in our area too. Hope you find this information useful as you go about gathering information on our wonderful area.
About the author: Pamela is with The St. Peter HomeSelling Team at Prudential YSU Realty in the Triangle.
A team of passionate North Carolina Brokers dedicated to connecting their clients to success in home buying and home selling in the Triangle.
Pamela can be reached via email at Pamela@RaleighHomesOnline.com or by calling (919) 645-2522.
For your real estate needs The St. Peter HomeSelling Team serves the following areas; Raleigh, Cary, Apex, Morrisville, Holly Springs, Fuquay Varina, Garner, Wake Forest
I thought it would be interesting to see which subdivisions are the hottest selling ones in the Triangle. Let's start by looking at the subdivisions with the highest average annual appreciation in the Cary, Apex, Morrisville area or CAM as it's referred to here...
You'll quickly notice that over the past year these areas have appreciated handsomely even in a down market (as seen in the second column - average price per year appreciation). They've done so because they are very desirable places to live.
source; T.A.R.R. Report Jan-Feb 2009 data
Next let's look at the subdivisions that made the top list in the SW Wake area (south Cary, Fuquary Varina, and Holly Springs). I love the Lochmere and Sunset Ridge area's with there mature landscaping and lovely lots... Lots to do too - they are very active subdivisions.
source; T.A.R.R. Report Jan-Feb 2009 data
So if you're looking for a subdivison to fit your lifestyle, taste, and location call us. We'll connect you to the best ones around!
About the author: Pamela is with The St. Peter HomeSelling Team at Prudential YSU Realty in the Triangle.
A team of passionate North Carolina Brokers dedicated to connecting their clients to success in home buying and home selling in the Triangle.
Pamela can be reached via email at Pamela@RaleighHomesOnline.com or by calling (919) 645-2522.
For your real estate needs The St. Peter HomeSelling Team serves the following areas; Raleigh, Cary, Apex, Morrisville, Holly Springs, Fuquay Varina, Garner, Wake Forest
Hard to believe we are headed into the 2nd quarter of 2009 already. There's been a lot of chatter about how the market feels like it's improving here in the Triangle. So I thought I would do some research and see just what is taking place.
Let's start off with Wake County (we'll explore Raleigh, Cary, Apex, and Holly Springs individually in a bit). For the most part this area of our TMLS (Triangle Multiple Lisiting Service) has stayed pretty active. It's an area with a lot pull.
Below you'll see what the market activity has been for the month. These statistics are for detached homes only and the information comes from our Triangle Multiple Listing Service...
Below is a market snapshot compliments of Stacey Anfindsen T.A.R.R. Report comparing this years 1st quarter to 2008... (you'll notice this report includes all activity not just detached homes)
Again, as I've mentioned before I believe that the showing activity of an area is also a good indicator of how the market is doing. The chart below compares the showings in our TMLS for the past 3 years. Interesting to see just what price ranges are getting the most showings in our market.
So there you have it. Another report of the good, the bad, and the ugly. I'm not seeing a big upswing yet. But just as the chatter around here is saying - I'm feeling it too.
About the author: Pamela is with The St. Peter HomeSelling Team at Prudential YSU Realty in the Triangle.
A team of passionate North Carolina Brokers dedicated to connecting their clients to success in home buying and home selling in the Triangle.
Pamela can be reached via email at Pamela@RaleighHomesOnline.com or by calling (919) 645-2522.
For your real estate needs The St. Peter HomeSelling Team serves the following areas; Raleigh, Cary, Apex, Morrisville, Holly Springs, Fuquay Varina, Garner, Wake Forest
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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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