Summing up 2012 Wake Forest, NC Real Estate

Home sellers, buyers and owners of Wake County real estate – the full 2012 year end Wake Forest, NC real estate recap is here!

2012 was a solid year for Wake Forest real estate.  894 homes closed during 2012 at an average of 97% sales to list price, and in an average of 122 days (approximately 4 months) on the market… not shabby at all.2012 Wake Forest Real Estate Recap

The pie chart shows the breakdown of:

  • new active listings (homes that went on the market)
  • total active listings
  • closed listings
  • homes that have gone under contract

during the whole of 2012 for single family detached homes located within Wake Forest, NC.

The “1% Active”, as we mentioned in our previous market reports, is a tad confusing.  This percentage includes only those Wake Forest homes that entered the MLS as a for sale home before January 2012, and sat on the market through the duration of the year (a high % would be alarming).

While the pie chart is a little arbitrary by itself, we include it to help paint the full picture for the stats below.

New listings – Wake Forest Real Estate Market in 2012

2012 Wake Forest Real Estate Recap - New Active Homes

The “New Active Listings” with 333 homes represent the number of Wake Forest real estate listings that came on the market in 2012 and haven’t yet gone under contract or sold.  This includes homes that were listed in Wake Forest anytime between Jan. 1st and Dec. 31st 2012.

Take a peak at the new Wake Forest NC Homes for Sale on the market in December (in alphabetical order by subdivisions).

Active Detached Homes Available at the End of 2012

2012 Wake Forest Real Estate Recap - Active Homes

“Active Listings” include new listings to the Wake Forest market in 2012.  To get the number of homes listed before Jan. 1st 2012 we subtract new active from active which gives us 13 homes in Wake Forest that have been listed for over a 1 year period.  This signifies the 1% of the total Wake Forest real estate market.

With 346 homes for sale ranging from $54,900 to $3,299,000 with an average price of a home at $372,200 we have plenty of options for everyone’s budget in Wake Forest, one Raleigh, NC‘s favorite surrounding areas.

Homes in Wake Forest: Under Contract at 2012 Year End

2012 Wake Forest Real Estate Recap - Homes pending at the end of the year

At the end of 2012 there were 73 homes under contract, or in the “pending” status in Wake Forest, NC.

Homes that sold (closed) in Wake Forest in 2012

2012 Wake Forest Real Estate Recap - Homes Closed During 2012

Here’s the big one:  A total of 894 single family detached homes were recorded in the TMLS to have sold in Wake Forest in 2012.  The average sales price in Wake Forest, NC was $306,273 in 2012 (higher than the Wake County average of $275,225) at $106.93 per square foot, closing at a healthy 97% of sales to list price and sitting an average of 122 days (approximately 4 months) on the market.

There’s a lot of great information above to get a good overview of Wake Forest real estate in 2012.  Need more information?  Let us know!

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*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.

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