Buying or Selling a Cary, NC Home in 2014?

Cary Real Estate Recap 2013

Ranked repeatedly as a top place to live in the nation, Cary, North Carolina remains as one of the most desirable places to live for all walks of life.

Is buying or selling a home in Cary on your list of 2014 resolutions?  Presenting the full 2013 year end Cary, NC real estate recap!

Cary NC 2013 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 2013 for single family detached homes located within Cary, NC.

The “0% Active” is a tad confusing.  This percentage includes only those Cary homes that entered the MLS before January 2013, and sat on the market through the duration of the year (a high % would be alarming).  At 0% this is great for home sellers and buyers (considering resale) alike.

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 – Cary Real Estate Market in 2013

Cary New Active 2013 Real Estate Recap

The “New Active Listings” with 256 homes represent the number of Cary real estate listings that came on the market in 2013 and haven’t yet gone under contract or sold.  This includes homes that were listed in Cary anytime between Jan. 1st and Dec. 31st 2013.

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

Active Detached Homes Available at the End of 2013

Cary Active 2013 Real Estate Recap

“Active Listings” include new listings to the Cary market in 2013.  To get the number of homes listed before Jan. 1st 2013 we subtract new active from active which gives us only 5 homes in Cary that have been listed for over a 1 year period.  This signifies 0% of the total Cary real estate market which is definitely a healthy statistic.

With just over 250 homes for sale ranging from $120,000 to $2,299,000 with an average price of a home for sale in Cary being $478,716 we have affordable living available in one of the greatest cities in America (more on that in our collection of  Triangle area accolades).

Homes in Cary: Under Contract at 2013 Year End

Cary Pending 2013 Real Estate Recap

At the end of 2013 there were 88 homes under contract, or in the “pending” status in Cary, NC.

Homes that sold (closed) in Cary in 2013

Cary Closed 2013 Real Estate Recap

Here’s the big one:  A total of 1,871 single family detached homes were recorded in the TMLS to have sold in Cary in 2013 (1,543 in 2012).  The average sales price in Cary, NC was $365,074 in 2013 ($345,183 in 2012) at $127.66 per square foot ($119.64 per square foot in 2012), closing at a healthy 98% of sales to list price (97% last year) and sitting an average of only 60 days on the  market (98 days in 2012).

There’s a lot of great information above to get a good overview of Cary real estate in 2013.  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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Want to know more about Cary, NC?  Check out our all about Cary, NC webpage.

 

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