Morrisville Real Estate Market Report June 2010

Welcome to Morrisville NC

 

If you happen to be interested in buying or selling a home in Morrisville NC, we thought you might like a little information on how the Morrisville Real Estate market is doing. 

 

Morrisville NC is located on the western border of Wake County and situated just below Research Triangle Park (or RTP as it’s frequently referred to as).  There are roughly some 60 thousand people that go to work in RTP daily so living in Morrisville would be extremely convenient…

So let’s review just how the Morrisville NC real estate market did last month.  This report is only for detached homes in Morrisville as reported in our TMLS (Triangle Multiple Listing Service)

Homes for sale in Morrisville NC last month

Active listings - Homes for sale in Morrisville NC

 

New listings on the market in Morrisville in the month of June

 

new listings in Morrisville NC for April 2010

There were only 19 new listings that came on the market in Morrisville NC last month – if you’re interested you can view those new listings by subdivisions in Morrisville NC

Homes in Morrisville NC that went under contract (pending) last month

pending home sales in Morrisville NC  last month

Homes that sold in Morrisville NC last month

closed sales in Morrisville NC June 2010

Here’s a couple more graphs that will help to define the Morrisville NC real estate market:

average % of sale to list price last month in Morrisville NC

As it is with probably most markets – price it right the first time and
you’ll get a much better response from the market. 

The graph to the left indicates the average sale price to list price percentage in Morrisville for the past 6 months..  Notice the slight difference?

 

Morrisville NC homes average sales price comparision

 

 

 

Lastly I like this chart that compares sales by quarters over the past couple of years. 

If you’re considering a move to the Triangle, you might want to check out Morrisville real estate.  Call us we’ll introduce you!Now if you considering selling a home in Morrisville NC – let’s chat.  It’s what we love to do – sell homes!

*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.

For additional Triangle Real Estate Market reports check out;

Market Reports for Wake County
Market Reports for Raleigh NC
Market Reports for Cary NC
Market Reports for Apex NC
Market Reports for Morrisville NC
Market Reports for Holly Springs
Market Reports for Fuquay Varina

Morrisville NC Market report

Morrisville NC Market Report for March 2010.  

 

Below is how homes for sale in Morrisville NC in Wake County did in the month of March.  Remember this report is for detached homes only as reported in our Triangle Multiple Listing Service.

 

Active Detached homes for sale in Morrisville NC during the month of March

View home currently for sale in Morrisville as per the TMLS

Morrisville NC Market Report - active listings for March 2010

 

Of the total actives listed (above) below is the number of new listings in Morrisville NC in the month of March

 

Morrisville NC Market Report - new on the market

 

Detached homes in Morrisville NC that went under contract during the month of March

 

Morrisville NC Market Report - pendings for march

 

Closed Detached homes (sold) in Morrisville NC during the month of March

 

Morrisville NC Market Report - homes closed in March

 

 

View Morrisville NC in a larger map

 

 

 

 

Cary Apex Morrisville NC Market Report

Cary Apex Morrisville Market Report for July 2009

 

The Cary, Apex, Morrisville area (known as CAM) is seeing some tougher times too.  Even though they are probably the most sought after area they too are seeing the number of sellers who have dropped their list price increase.  And as Stacey Anfindsen says They still get to watch the dust gather on their real estate signs.  the average days on the market for active detached listings is up again to 117 DOM. 

Total active detached homes for sale in July

 

Cary Apex Morrisville Market Report for July 2009

 

Total detached homes under contract in July

Cary Apex Morrisville Market Report for July 2009

 

Total homes closed in July

Cary Apex Morrisville Market Report for July 2009

 

New home building has all but stopped in this area.  According to Stacey Anfindsen in his T.A.R.R Report First quarter permits issued were down 82% in Apex, down 50% in Cary and were up 2% in Morrisville. 

But here’s something to ponder – the 2nd quarter saw the average sales price increased by 4% in Apex, 3% in Cary and decreased by 8% in Morrisville. The average sales price per square foot decreased 6% in Apex, increased 1% in Cary and
decreased by 13% in Morrisville.

What about showings?  We can’t have any activity if showings are happening.  Below you’ll see where the numbers are in the various different price points (the final column is #of listings divided by # of showings – the higher the number the more active)

 

Cary Apex Morrisville NC Market Report for July 2009

both reports courtesy of T.A.R.R. Report

Cary Apex Morrisville NC Market Report for July 2009

 

So there’s this months the good the bad and the not too ugly Cary Apex Morrisville NC Market Report for July 2009.

Previous Market & Real Estate Reports;

Wake County 2nd quarter Market Report

Wake County Market Report June 2009

Wake County (Raleigh NC) Real Estate Report for May 2009

Raleigh NC Market Report June 2009

Cary Apex Morrisville NC Market Report

Wake County Final Market Report for May 2009

Raleigh NC (Wake County) April Market Report

Cary NC April Market Report

Raleigh NC (Wake County) February Market Report

Raleigh NC (Wake County) January Market Report

 

Cary, Apex, Morrisville NC Market Report for June 2009

A very popular area just outside of Raleigh is what we refer to as CAM – the Apex, Cary, and Morrisville area.

As a matter of fact Apex just made the Money Magazine Best Places to Live list.  They ranked #44th.  Forbes just recently named Apex the Third best place to move to in the US. The Forbes report when on to say “that 65 percent of Apex’s residents were born outside North Carolina and that 36 percent have moved a considerable distance to Apex over the past five years, usually because of a job opportunity”.  Guaranteed you’ll never feel like an outsider in Apex!!

Doesn’t get much better than that!!

 

So let’s explore the Real Estate statistics for these areas for the month of June.  Below are the final numbers for detached homes as reported in our Triangle Multiple Listing Service for  Cary, Apex, Morrisville.

Active Detached homes during the month of June

Total detached homes under contract in June



Total homes closed in June

 

As you’ll see from the graph below the sale prices are holding strong in this area albeit in this turbulent economic times.

 

Selling a home today even in strong areas like Cary, Apex, and Morrisvile is without a doubt something that demands a profession’s expertise, and one with a strong online marketing presence.  We all know real estate has changed – when almost 100% of buyers today (or someone in their family) start online don’t take chances.  It doesn’t cost one cent more to hire an online expert that knows how to market your home to today’s buyers and what needs to be done to get to the closing table…

 

Previous Market & Real Estate Reports;

 

 

 

Cary Apex Morrisville (CAM area) NC Market Report for May 2009

Cary Apex Morrisville (CAM area) NC Market Report for May 2009

Market reports coming in from various places around the US seem to be showing improvements.  We’re all looking for that to continue as we head into the summer months. According to The National Association of Home Builders half of all U.S. households (55 million to be  exact) can now afford to buy the median priced $200,000 new home. That’s up 45 percent in the past 24 months.

This report will bring you up to date information on what is happening in the Cary, Apex, Morrisville areas of Raleigh NC. for all detached homes as reported in the Triangle Multiple Listing Service (TMLS).

Inventory grew according to Stacey Anfindson by 4% in Apex, 3% in Cary and decreased by 8% in Morrisville. 

Now the average prices are falling too – Apex -9%, Cary -7%, and Morrisville -3%.  And  Stacey goes on to say ” The market has changed dramatically comparing 1Q/08 with 1Q/09. During the first quarter of 2008, the average seller accepted offers that were +/-3% off of original list price. During the first quarter of this year, the average seller accepted offers that were +/-8% off of original list price. In listings where the final list price was equal to the original list price, the average days on market was between 30 and 52. In listings where the final list price was less than the original list price, the average days on market was between 115 and 138.

 

Here’s how things shook out for May

 

Active listings for detached homes

 

detached homes

 

detached homes

 

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) for April’s showings

Monthly showings for all of our TMLS

 

The following chart will highlight the most sizzling subdivisions in the Cary, Apex, Morrisville area

top selling Subdivision in CAM

chart courtesy of Stacey Anfindson

We’ll continue to watch as the month of June usually brings a lot of activity in our market.  Weather is great – kids are out of school and it’s a perfect time to house hunt.  And with the 1st time home buyers $8,000 tax credit and the MCC additional $2,000 things could get rather busy…