Triangle Area Market Trends

The table below shows average sales price growth rates for new and resale single family detached homes over the past three years for properties with 2,500 square feet of living space or more.

Once again Holly Springs & Apex had the highest gains in sale prices this year, up 7.2% and6.7% respectively.

This is an excellent time to have Triangle Area Realty sell your home

(1) Inventory levels are very low (it is a seller’s market)

(2) Sales prices are up (home equity levels are peaking)

(3) The time to find a buyer has plummeted

(4) Jeff charges his sellers a LOW 1.75 % real estate commission

Call Jeff Today @ 919.342.0333 for a no obligation listing appointment.

2017 Western Wake County Sales Highlights

MEDIAN DAYS ON MARKET: All western Wake County community properties that sold did so very quickly.

The data below shows that half of the these western Wake County properties that sold in March 2017 went under contract in one week or less!

March 2017 Triangle Region Market Overview

In March 2017 there were 4,215 New Listings in the triangle region. The bulk of the new listings occured in Wake county. Orange & Johnston counties had a decrease and Durham county was slightly higher.

In March 2017 a total of 3,392 triangle area properties went Under Contract. Here again the lions share of action was in Wake county. In this case all four triangle region counties had gains in under contract sales.

Inventory Levels fell across all triangle region counties, down nearly 10% in Wake county and 30% in the other three triangle region counties.

Sales Prices continued to gain traction, for example in Wake county the median Sales Price increased 10.8%.

Days on Market were down big time approximately 50% +/- across all triangle region counties.

Closed Sales in Wake county were up 16.5% !

NOTE: Triangle Region = four (4) counties (Durham, Johnston, Orange and Wake).

West Cary (27519) Market Update – March 2017

The data below is for all property types, e.g. single family detached home, townhouses, condos plus new construction and resale properties.

The good news is that west Cary property average sales prices increased by 12.9 %. Unfortunately the inventory of homes for sale declined along with the number of closed sales.

Mortgage Rates

These mortgage rate quotes are from (www.bankrate.com) for Cary, NC with a 20 % down payment and a credit score of 740 or better, $400,000 loan amount and zero points.

30 Year Fixed: range from 3.8750 % to 4.644 % APR

15 Year Fixed: range from 3.125 % to 3.907 % APR

Mortgage rates remain relatively low making this a great time to finance a home purchase.

Lock in your low mortgage rate before they go up again in 2017.

New Construction Properties

As of April 9th, 2017 there were 1,368 new construction properties available in Wake County.

• 1,147  single family homes
•    183  townhouses
•      38  condominiums

List prices range from $155,985 to $1,875,000 with an average price of $464,636.

We enjoy representing buyers with their new home construction real estate purchases.

We are aware of all the pitfalls and issues that can arise with new construction real estate transactions.

1st Time Home Buyers

The Triangle Area has numerous first time home buyer opportunities

Most 1st time buyers are in the $100,000 to $250,000 price range

• 72%  are resale properties
• 28%  are new construction properties
• 292   single family detached homes
•   99   townhouses
•   23   condominiums

1st Time Home Buyer Testimonial: Jeff Warren, from Triangle Area Realty, was an invaluable asset to my wife and me during our first home purchase. He was very knowledgeable and we valued and relied on his “father-like” advice. Jeff walked us thru the purchase process from finding the right home to closing the deal at the attorney’s office. No matter what time of day or night he was available to answer our questions. I could not believe I got responses from him at twelve or one o’clock in the morning. He never slept! My wife and I felt very comfortable working will him and knew he was looking out for our best interests. He did not make any promises he could not deliver on. He worked flawlessly with my lender and insurance company to close on schedule with no headaches. Even after closing he was available to answer our questions. Thanks Jeff for making our first home purchase as easy as possible. We got a great deal too!!!! Thanks

LifeStyle Properties

If you are looking for an active adult community, golf course community, homes with water views, or luxury properties we offer Life Style Property Search features helping you zero in on these property types quickly.

Will you be a 2017 Buyer or Seller?

Allow us to step through your options as your real estate agent.

• Call broker Jeff at 919.342.0333 or
• Send Jeff a message at Jeff@tarsaves.com

Buyers: If you plan to purchase a home in the greater Raleigh Cary areas we’d love to assist you with your property search. Together as a team we will automate the process of finding homes that match your search criteria. You can do drive-by’s of properties that interest you, and then we’ll schedule an appointment for a showing. It’s really simple.

Sellers: Would you like to know what your home is worth in today’s marketplace? Click on theHome Valuation request below for a no-obligation market analysis review of your property.

New Listing Alerts

Use these quick links below for immediate access to Just Listed properties within the past three (3) days.

Just Listed CARY Properties

Just Listed APEX Properties

Just Listed MORRISVILLE Properties

Just Listed RALEIGH Properties

Click any of the Just Listed links above to see the newest available properties in that community…..

Homes For Sale Quick Links

Use these Homes For Sale Quick Links below for immediate access to available Triangle Area properties sorted by community.

MLS Access – See New Listings Every Day

Did you know that you can receive daily updates of “what’s new” in Cary, Apex, or any triangle area community?

You can set your own buyer criteria so you only receive listing alerts of relevant homes or land.

You can save listings that look interesting and request a showing.

It’s a great way to search from home using the internet and best of all we automate the process.

This is a free service that we provide for all our clients and prospective customers…..