The Highly Anticipated 2012 Triangle Real Estate Recap

Triangle Year End Real Estate RecapIf moving to, from or around Wake County, NC is on your list of 2013 new year resolutions, here is some solid info to help you during the information gathering phase.

Included is the full recap of how Wake County real estate performed in 2012, divided by area and real estate activity.

Overall 2012 Triangle real estate was a year summed up by a strengthening housing market; home owners and home buyers alike have much to be excited about.

We’ll start out with a quick snapshot of the entire Triangle region comparing 2012 to 2011 (from the Triangle MLS)…

  • Homes sold in 2012 vs 2011 = 23,829 vs 19,733 representing an increase of 20.8%
  • Average Sales Price in 2012 was $226,561 vs $223,109 in 2011, a 1.5% increase
  • % of List Price Received remained steady at 96.5% in 2012 vs 96% in 2011 (excluding seller concessions), a .5% increase
  • The Days on Market until sale decreased by 5.8% for the same period with an average of 119 days in 2012 vs 126 days in 2011

Wake County Real Estate Statistics

Wake County November Real EstateNow we’ll break down the information further by area.  This information includes only the detached single family homes of Wake County real estate.

The pie chart shows the percentages of:

  • new active homes listed last year
  • total homes for sale (active)
  • homes that sold
  • homes under contract December 31st

For great information more specific to each area of the Triangle, see the links below where we’ve posted individual area market reports summing up last year:

To break down the information above even further, the table below details detached single family homes in Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by how many:

  • New Active homes entered the housing market in 2012
  • Total Active homes were listed prior to Jan. 1st, 2012 (have been listed for sale over 1 year)
  • Homes Closed last year
  • Homes that went under contract (Pending) in 2012 and haven’t yet closed
  • Average Days on the Market homes were listed before closing

2012 Triangle Real Estate Stats

AVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSING

2012 Triangle Real Estate Recap - Average Days on MarketThis graph indicates the Average Days on the Market for single family detached home that closed in 2012.

If you are selling your Triangle home this should help give a quick overview of how long you can expect it will take to sell your home, IF it is priced right. Again the table above lists the average days on the market for those homes that were closed during 2012.

If you are interested in finding out how your home stacks up against the competition, we offer a free Comparative Market Analysis. If you would like to know how we can market your home to get the best deal possible in the shortest amount of time, browse our Triangle home selling section or request a free pamphlet on how to get your home sold fast. When you’re ready, contact us and we’ll work together to get your home sold.

TRIANGLE HOMES FOR SALE – Listed Before Jan. 1st 2012

Please keep in mind the charts below reflect the actual number of homes and not percentages.  Comparing one area to another is most meaningful when dealing in percentages due to the varying number of homes in each area.  We have this information in each of our individual Triangle area 2012 real estate market recaps for your review.

2012 Triangle Real Estate Recap - Active Listings Prior to 2012

HOMES THAT WENT UNDER CONTRACT IN 2012

2012 Triangle Real Estate Recap - Pending Listings

NUMBER OF HOMES THAT SOLD IN 2012

2012 Triangle Real Estate Recap - Closed Listings

That’s it, the 2012 year-end real estate recap!  If you would like to discover what is on the market now that matches your unique criteria sign up for your own gateway and receive new listings as they enter the Triangle real estate market.

Should you have any questions regarding the information above or if you would like more detailed information please don’t hesitate to contact us.

We’re always happy to answer questions, listen to concerns and work together. Whether you are buying or selling a home, we are here to create a smooth transition and fulfill your real estate needs.


Disclaimer: Any reference to TMLS data is based on information from Triangle MLS, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Triangle MLS may not reflect all real estate activity in the market. Realtor® is a registered trademark of the National Association of Realtors®.

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