January 2014 Wake County Real Estate Recap

The year is off to a solid start in real estate!  We’ll cover a lot of January 2014 Wake County real estate information here, beginning with a quick snapshot of the entire Triangle region comparing January 2013 to January 2014 (from the Triangle MLS)…

Triangle Real Estate Information

  • Homes sold in January 2014 vs Jan. 2013 = 1,723 vs 1,550 representing an increase of 11.2%
  • The inventory of homes for sale at the end of Jan. 2014 was 11,689 vs. 12,583 in Jan. 2013.
  • The Days on Market until sale decreased by 10% for the same period with an average of 103 days in Jan. 2014 vs 114 days in Jan. 2013.

Wake County Real Estate Market Trends

Wake County Real Estate Market Recap January 2014Now 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 in January
  • total homes for sale (active)
  • homes that sold last month
  • homes that went under contract

Wake County Active Real Estate

Wake County Active Homes in January

Wake County New Active Homes in January 2014

Wake County New Active Homes in January

 Pending Wake County Homes

Wake County Pending Homes in January

Sold Homes in Wake County in January 2014

Wake County Closed Homes in January

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 January:

Real Estate Market Trends for Raleigh, Cary, Apex, Holly Springs and Fuquay-Varina

The table below details detached single family homes in Raleigh, Cary, Apex, Holly Springs, and Fuquay-Varina by how many:

  • New Active homes entered the housing market in January 2014
  • Total Active homes were listed prior to Jan. 1st, 2014
  • Homes Closed last year
  • Homes that went under contract (Pending) in January 2014 and haven’t yet closed
  • Average Days on the Market homes were listed before closing

January real estate stats for the Wake County area

Average Days on the Market Before Closing

January real estate stats for the Wake County area - Average Days on MarketThis graph indicates the Average Days on the Market for single family detached home that closed in January 2014.

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 January 2014.

Curious 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.

Wake County Homes for Sale – Active homes listed Before Jan. 1st 2014

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 January 2014 real estate market recaps for your review.

January real estate stats for the Wake County area - Active

Homes that Went Under Contract in January 2014

January real estate stats for the Wake County area - Under Contract

Number of Sold Homes in January 2014

January real estate stats for the Wake County area - Sold

That’s it, the January 2014 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®.

The 2013 Triangle, NC Real Estate Market Recap – Great Stats!

Wake County Real Estate Recap 2013Number of homes sold are up, average list price is up, percentage of list price received at closing is up, average days on the market is down… Wake County, North Carolina had a tremendous year in real estate!

Is moving to, from or within the Triangle area of NC on your list of 2014 new year resolutions?

Included is the full recap of how Wake County real estate performed in 2013, divided by area and real estate activity.

We’ll start out with a quick snapshot of the entire Triangle region comparing 2013 to 2012 (from the Triangle MLS)…

  • Homes sold in 2013 vs 2012 = 29,469 vs 23,859 representing an increase of 23.5%
  • Average Sales Price in 2013 was $236,756 vs $226,625 in 2012, a 4.5% increase
  • % of List Price Received increased slightly to 97.3% in 2013 vs 96.5% in 2012 (excluding seller concessions), a .8% increase
  • The Days on Market until sale decreased substantially by 16% for the same period with an average of 100 days in 2013 vs 119 days in 2012

Wake County Real Estate Statistics

Wake County 2013 Real Estate RecapNow 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 2013
  • Total Active homes were listed prior to Jan. 1st, 2013 (have been listed for sale over 1 year)
  • Homes Closed last year
  • Homes that went under contract (Pending) in 2013 and haven’t yet closed
  • Average Days on the Market homes were listed before closing

2013 Triangle Real Estate Recap

AVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSING

2013 Triangle Real Estate - Average Days on the marketThis graph indicates the Average Days on the Market for single family detached home that closed in 2013.

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 2013.

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 2013

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 2013 real estate market recaps for your review.

2013 Triangle Real Estate - Active Over a Year

HOMES THAT WENT UNDER CONTRACT IN 2013

2013 Triangle Real Estate - Under Contract

NUMBER OF HOMES THAT SOLD IN 2013

2013 Triangle Real Estate Recap - Homes Sold

That’s it, the 2013 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®.

2013 Real Estate Market Recap for Wake County

Wake County Real Estate Recap 2013Presenting the Wake County 2013 year end Real Estate recap!

2013 was a year of healing for much of the nation, after a few tumultuous years for real estate and the economy… Last year we saw strengthening and improvement beyond what we could have expected.  The stock market is reaching record highs, and real estate across the nation is improving.  We’re seeing greater appreciation rates and home buyer and seller confidence growing.  Do we plan to sum everything up here today?  Sorry… definitely not.  Our specialty is Triangle area real estate, so we’ll stick to what we know.

The pie chart shows the breakdown of:Wake County 2013 Real Estate Recap

  • 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 Wake County NC.

The “0% Active” is a tad confusing.  This category includes only the homes that entered the MLS (listed for sale) before January 2013, and sat on the market through the duration of the year (0% is GREAT and 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 Wake County Real Estate Listings on the Market in 2013

Wake County New Active 2013 Real Estate Recap

The “New Active Listings” with 2,881 homes represent the number of 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 anytime between Jan. 1st and Dec. 31st 2013.

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

Active Detached Homes Available at the End of 2013

Wake County Active 2013 Real Estate Recap

“Active Listings” include new listings to the market in 2013.  To get the number of homes listed before Jan. 1st 2013 we subtract new active from active which gives us:  69 homes in Wake County that have been listed for over a 1 year period.  This is a significant improvement to 162 listings that were on the market at the end of 2012 and signifies the 0% total Wake County real estate market – a healthy sign.

With just under 3,000 homes for sale ranging from $32,900 to $4,850,000 with an average price of a home for sale in Wake County being $371,572 we have affordable living available in one of the greatest cities in America (more on that in our collection of  Triangle area accolades).

Homes Under Contract in Wake County: 2013 Year End

Wake County Pending 2013 Real Estate Recap

At the end of 2013 there were 691 homes under contract, or in the “pending” status.

Homes that sold in Wake County in 2013

Wake County Closed 2013 Real Estate Recap

Here’s the big one:  A total of 12,861 single family detached homes were recorded in the TMLS to have sold in Wake County in 2013 (compared to 10,320 in 2012).  The average sales price was $288,209 (compared to $275,225 in 2012) at $112.62 per square foot (compared to $107.59 in 2012), closing at a healthy 98% (97% in 2012) of sales to list price and sitting an average of only 73 days on the market (compared to 111 days in 2012).

There’s a lot of great information above to get a good overview of Wake County real estate in 2013.  Want more information?  Just ask!

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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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Is buying or selling a home on your list of 2014 resolutions?  Call us.  Want to learn more about us?  Read what some of our past clients have had to say:  testimonials and reviews.

Where exactly is Wake County, NC?  Outlined below:

Wake County Area

Full Triangle Area November 2013 Real Estate Market Recap

Presenting the full November 2013 Triangle real estate market recap.  If you’re in the market to buy or sell a home in the area we have good news wrapped in the statistics below.  The trend has continued with closed sales up and the average days on the market is down.

Here are some quick stats representing the entire Triangle MLS area (before we dive into performance details for Wake County homes).

  • Homes sold in November 2013 vs November 2012 = 2,020 vs 1,807 representing an increase of 11.8%
  • At the end of November 2013 the inventory of homes for sale was 12,676 vs 13,649 in November 2012, a decrease of 7.1%
  • The Days on Market until sale decreased by 18.1% for the same period with an average of 93 in November 2013 vs 114 in November 2012

The Triangle unemployment rate was flat in October at 6.4%, down from 7.5% in October 2012.

Alongside our monthly market report we wanted to share a terrific monthly market update featuring the following counties:  Orange, Durham, Johnston and Wake County.  Presenting the Triangle MLS (multiple listing service) November market update with Stacey Anfindsen:

Wake County November Real Estate Stats

Wake County Real Estate Statistics

Our goal for the Triangle real estate market reports is to offer a solid overview of how real estate in our areas of NC perform month over month.

Specifically this is information covering single family detached homes, indicating fluctuation in home sales, inventory, and days on market until sale.

To break down the information above, the tables below detail the November 2013 activity for Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by the number of:November 2013 Triangle Real Estate Stats

  • New active homes that entered the real estate market
  • Total active homes listed (excludes the # of new active homes as not to be redundant and skew the percentages)
  • Homes closed last month
  • Homes that went under contract (pending)
  • Average number of days on the market before closing

November 2013 Average Days on MarketAVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSING

This graph indicates the average number of days a single family detached home remained on the market for those homes that closed in November.

Wonder how your Triangle area home stacks up against the competition?  We offer a free Comparative Market Analysis (CMA).

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, request a free pamphlet on how to get your home sold fast or contact us and we’ll work together to get your home sold.

Buying a home?  The information below will give an idea of what your options look like for each area.

Triangle Real Estate For Sale – November 2013

November 2013 Active Triangle Real Estate

Wake County Real Estate that Went Under Contract Last Month

November 2013 Under Contract Triangle Homes

Wake County Real Estate that Sold in November 2013

November 2013 Closed Triangle Homes

Just some highlights:

Average Days on Market in the Triangle

Like last month, the average days on the market for homes in the entire Triangle area last month was 93 days (just over 3 months).  Something to keep in mind with the average days on market is that currently there is an under supply of homes in the lower price ranges and an over supply of homes in the higher price ranges.  93 days is a good indication for Triangle home sellers who are selling their homes for less than around $200,000.  For those home sellers with homes in the upwards of $800,000 and higher those average days on market is closer to 10 months.  What to expect in terms of length of time on the market before selling depends greatly on specific location, desirability, and price bracket.

The low and high per area for days on market before closing in November were Holly Springs averaging (an incredibly impressive) 42 days, and Garner with an average of 110 days (note: the “Triangle area” includes other areas outside of the specific areas we cover above); the other Triangle areas noted above fall between the two (see chart outlining the average days on market for the breakdown).

E-mail Me Homes Matching my Criteria

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 directly to your e-mail as they enter the Triangle real estate market.

Have questions or in need of more information?  Please don’t hesitate to contact us.

Whether you are buying or selling Triangle real estate, we are here to help create a smooth transition.


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.

Happy Real Estate Stats in Wake County Add to a Happy Thanksgiving

November Real Estate Info for Wake County

Happy statistics for real estate in Wake County add to a happy Thanksgiving in November!

Wake County November Real Estate Stats

Closed homes averaged only 69 days on the market for those single family detached homes last month, with lower priced homes selling on average much more quickly than higher.  At an average of 98% sale to list price, demand for Wake County real estate is strong.  Are you in the market for Wake County real estate?  Our goal is to provide the service and information you need for your relocation.

The pie chart compares the percentages of listings that are new to the market, active (for more than 1 month), closed, and went under contract, last month.  In November 2013 28% of real estate activity either closed or went under contract.  Comparing year over year, this 28% is a substantial increase over the 23% in November 2012, 17% in November 2011 and 14% in November 2010 for single family detached closed and pending sales.

Monthly we release our full Wake County real estate market reports revealing how our areas single family detached homes performed as a whole month over month.

Wake County Newly Listed Real Estate – November 2013

Wake County New Active Real Estate - November

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

Active Wake County Real Estate in November

Wake County Active Real Estate - November

With just over 3,300 homes for sale ranging from $32,900 to $4,850,000 with an average price of a home for sale in Wake County being (slightly lower than last month) $371,946 we have ample options to meet the needs of even the most fastidious tastes, in one of the greatest cities in America (more on that in our collection of Triangle area accolades).

Wake County Pending Real Estate Last Month

Wake County Pending Real Estate - November

Wake County Real Estate Closed in November, 2013

Wake County Closed Real Estate - November

The above information and charts reflect only detached home activity in Wake County.

*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.

Whatever your Triangle real estate needs, we are here for you. Give us a call and we’ll help you through your home buying and selling transitions. With decades of experience – real estate is what we love and what we do. Want to learn more? Read what some of our past clients have had to say about us: testimonials and reviews.

Closed Sales UP and Average Days on Market DOWN

Closed sales are up and the average days on the market is down – the October 2013 snapshot of Triangle area real estate activity reveals good news for home buyers and sellers in the area.  Here are some quick stats representing the entire Triangle MLS area (before we dive into performance details for Wake County homes).

  • Homes sold in October 2013 vs October 2012 = 2,320 vs 1,988 representing an increase of 16.7%
  • At the end of October 2013 the inventory of homes for sale was 13,281 vs 14,378 in October 2012, a decrease of 7.6%
  • The Days on Market until sale decreased by 20.3% for the same period with an average of 93 in October 2013 vs 117 in October 2012

Oddly we couldn’t find released numbers for the Triangle unemployment rate in September (possibly due to the government shut down?)… the previous month however dropped sharply to its lowest point in nearly 5 years, reaching 6.6% in August, down from 7.2% in July.

Alongside our monthly market report we wanted to share a terrific monthly market update featuring the following counties:  Orange, Durham, Johnston and Wake County.  Presenting the Triangle MLS (multiple listing service) October market update with Stacey Anfindsen:

Knightdale October Real Estate Stats

Wake County Real Estate Statistics

Our goal for the Triangle real estate market reports is to offer a solid overview of how real estate in our areas of NC perform month over month.

Specifically this is information covering single family detached homes, indicating fluctuation in home sales, inventory, and days on market until sale.

To break down the information above, the tables below detail the October 2013 activity for Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by the number of:October Wake County Real Estate Activity

  • New active homes that entered the real estate market
  • Total active homes listed (excludes the # of new active homes as not to be redundant and skew the percentages)
  • Homes closed last month
  • Homes that went under contract (pending)
  • Average number of days on the market before closing

October Wake County Real Estate Average Days on Market

AVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSING

This graph indicates the average number of days a single family detached home remained on the market for those homes that closed in October.

Wonder how your Triangle area home stacks up against the competition?  We offer a free Comparative Market Analysis (CMA).

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, request a free pamphlet on how to get your home sold fast or contact us and we’ll work together to get your home sold.

Buying a home?  The information below will give an idea of what your options look like for each area.

Triangle Real Estate For Sale – October 2013

October Real Estate Market Active Homes

Wake County Real Estate that Went Under Contract Last Month

October Wake County Real Estate Pending

Wake County Real Estate that Sold in October 2013

October Wake County Real Estate Closed

Just some highlights:

Average Days on Market in the Triangle

The average days on the market for homes in the entire Triangle area last month was 93 days (just over 3 months).  Something to keep in mind with the average days on market is that currently there is an under supply of homes in the lower price ranges and an over supply of homes in the higher price ranges.  93 days is a good indication for Triangle home sellers who are selling their homes for less than around $200,000.  For those home sellers with homes in the upwards of $800,000 and higher those average days on market is closer to 10 months.  What to expect in terms of length of time on the market before selling depends greatly on specific location, desirability, and price bracket.

The low and high per area for days on market before closing in October were Holly Springs averaging (an incredibly impressive) 73 days, and Garner with an average of 138 days (note: the “Triangle area” includes other areas outside of the specific areas we cover above); the other Triangle areas noted above fall between the two (see chart outlining the average days on market above for the breakdown).

E-mail Me Homes Matching my Criteria

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 directly to your e-mail as they enter the Triangle real estate market.

Questions or a hankering for more information?  Please don’t hesitate to contact us.

Whether you are buying or selling Triangle real estate, we are here to help create a smooth transition.


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.

Real Estate Stats in Wake County Surpassed Previous 3 Years – October 2013

Wake County real estate in October had a higher percentage of closed and pending single family detached homes than any other October in the previous 3 years!

Wake County October Real Estate StatsThe pie chart compares the percentages of listings that are new to the market, active (for more than 1 month), closed, and went under contract, last month.  In October 2013 28% of real estate activity either closed or went under contract.  Comparing year over year, this 28% is a substantial increase over the 25% in October 2012, 16% in October 2011 and 14% in October 2010 for single family detached closed and pending sales.

Closed homes averaged only 61 days on the market for those single family detached homes last month, with lower priced homes selling on average much more quickly than higher.  At an average of 98% sale to list price, demand for Wake County real estate is strong.  Are you in the market for Wake County real estate?  Our goal is to provide the service and information you need for your relocation.

Monthly we release our full Wake County real estate market reports revealing how our areas single family detached homes performed as a whole month over month.

Wake County Newly Listed Real Estate – October 2013

Wake County New Active October Listings

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

Active Wake County Real Estate in October

Wake County Active October Listings

With just over 3,500 homes for sale ranging from $32,900 to $4,850,000 with an average price of a home for sale in Wake County being (slightly lower than last month) $374,766 we have ample options to meet the needs of even the most fastidious tastes, in one of the greatest cities in America (more on that in our collection of Triangle area accolades).

Wake County Pending Real Estate Last Month

Wake County Pending October Listings

Wake County Real Estate Closed in October, 2013

Wake County Closed October Listings

The above information and charts reflect only detached home activity in Wake County.

*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.

Whatever your Triangle real estate needs, we are here for you. Give us a call and we’ll help you through your home buying and selling transitions. With decades of experience – real estate is what we love and what we do. Want to learn more? Read what some of our past clients have had to say about us: testimonials and reviews.

An Inspiring Month for Triangle Real Estate and Unemployment

The Triangle area of NC’s real estate activity and most dramatically, the Triangle unemployment rate had an inspiring month in September.

With average days on the market down and homes sales up, here’s a snapshot of the September 2013 Triangle area Real estate activity (from the Triangle MLS) before jumping into more details of Wake County stats:

  • Homes sold in September 2013 vs September 2012 = 2,325 vs 2,004 representing an increase of 16.0%
  • At the end of September 2013 the inventory of homes for sale was 13,539 vs 14,772 in September 2012, a decrease of 8.3%
  • The Days on Market until sale decreased by 15.0% for the same period with an average of 97 in September 2013 vs 114 in September 2012

The Triangle unemployment rate dropped sharply to its lowest point in nearly 5 years, reaching 6.6% in August, down from 7.2% in July.

Alongside our monthly market report we wanted to share a terrific monthly market update featuring the following counties:  Orange, Durham, Johnston and Wake County.  Presenting the Triangle MLS (multiple listing service) September market update with Stacey Anfindsen:

Note our report below includes specifically single family detached homes in Raleigh, Cary, Apex, Morrisville, Holly Springs, Fuquay-Varina, Garner, Wake Forest and Knightdale.

Wake County Real Estate Market Stats - September

Wake County Real Estate Statistics

Our goal for the Triangle real estate market reports is to offer a solid overview of how real estate in our areas of NC perform month over month.

Specifically this is information covering single family detached homes, indicating fluctuation in home sales, inventory, and days on market until sale.

To break down the information above, the tables below detail the September 2013 activity for Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by the number of:Triangle NC Real Estate - September 2013 Stats

  • New active homes that entered the real estate market
  • Total active homes listed (excludes the # of New active homes as not to be redundant and skew the percentages)
  • Homes closed last month
  • Homes that went under contract (pending)
  • Average number of days on the market before closing

Triangle NC Real Estate - Days on Market in September 2013AVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSING

This graph indicates the average number of days a single family detached home remained on the market for those homes that closed in September.

Wonder how your Triangle area home stacks up against the competition?  We offer a free Comparative Market Analysis (CMA).

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, request a free pamphlet on how to get your home sold fast or contact us and we’ll work together to get your home sold.

Buying a home?  The information below will give an idea of what your options look like for each area.

Triangle Real Estate For Sale – September 2013

Triangle NC Real Estate - Active in September 2013

Wake County Real Estate that Went Under Contract Last Month

Triangle NC Real Estate - Pending in September 2013

Wake County Real Estate that Sold in September 2013

Triangle NC Real Estate - Sold in September 2013

Just some highlights:

Average Days on Market in the Triangle

The average days on the market for homes in the entire Triangle area last month was 97 days (just over 3 months).  Something to keep in mind with the average days on market is that currently there is an under supply of homes in the lower price ranges and an over supply of homes in the higher price ranges.  97 days is a good indication for Triangle home sellers who are selling their homes for less than around $200,000.  For those home sellers with homes in the upwards of $800,000 and higher those average days on market is closer to 10 months.  What to expect in terms of length of time on the market before selling depends greatly on specific location, desirability, and price bracket.

The low and high per area for days on market before closing in September were Morrisville averaging (an incredibly impressive) 29 days, and Wake Forest with an average of 93 days (note: the “Triangle area” includes other areas outside of the specific areas we cover above); the other Triangle areas noted above fall between the two (see chart outlining the average days on market above for the breakdown).

E-mail Me Homes Matching my Criteria

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 directly to your e-mail as they enter the Triangle real estate market.

Questions or a hankering for more information?  Please don’t hesitate to contact us.

Whether you are buying or selling Triangle real estate, we are here to help create a smooth transition.


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.

Wake County Real Estate in the Fall – September Stats

Wake County Real Estate in the Fall

Fall may be the season but Real Estate stats in Wake County are far from falling!  Closed homes averaged only 65 days on the market for those single family detached homes last month, with lower priced homes selling on average much more quickly than higher.  At an average of 98% sale to list price, demand for Wake County real estate is strong.  Are you in the market for Wake County real estate?  Our goal is to provide the service and information you need for your relocation.

Wake County Real Estate Market Stats - SeptemberThe pie chart compares the percentages of listings that are new to the market, active (for more than 1 month), closed, and went under contract, last month.  In September 2013 27% of real estate activity either closed or went under contract.  Comparing year over year, this is an increase over the 24% in September 2012 and 16% in September 2011.

Monthly we release our full Wake County real estate market reports revealing how our areas single family detached homes performed as a whole month over month.

Wake County Newly Listed Real Estate – September 2013

Wake County New Active Homes - September

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

Active Wake County Real Estate in September

Wake County Active Homes - September

With just over 3,500 homes for sale ranging from $34,500 to $4,850,000 with an average price of a home for sale in Wake County being (slightly lower than last month) $376,509 we have ample options to meet the needs of even the most fastidious tastes, in one of the greatest cities in America (more on that in our collection of Triangle area accolades).

Wake County Pending Real Estate Last Month

Wake County Pending Homes - September

Wake County Real Estate Closed in September, 2013

Wake County Closed Homes - September

The above information and charts reflect only detached home activity in Wake County.

*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.

Whatever your Triangle real estate needs, we are here for you. Give us a call and we’ll help you through your home buying and selling transitions. With decades of experience – real estate is what we love and what we do. Want to learn more? Read what some of our past clients have had to say about us: testimonials and reviews.

August Real Estate Recap: Days on Market Down, Homes Sold is Up

Days on market is down, homes sold is up, unemployment is steady.  Real Estate in the Triangle area had another strong month in August.

August 2013 Triangle area Real estate activity (from the Triangle MLS):

  • Homes sold in August 2013 vs August 2012 = 2,895 vs 2,425 representing an increase of 19.4%
  • At the end of August 2013 the inventory of homes for sale was 13,727 vs 15,030 in August 2012, a decrease of 8.7%
  • The Days on Market until sale decreased by 18.8% for the same period with an average of 93 in August 2013 vs 114 in August 2012

The Triangle unemployment rate, after falling for 5 consecutive months remained unchanged in July at 7.3%.  This is down substantially however from 7.9% during this time a year ago.

Alongside our monthly market report we wanted to share a terrific monthly market update featuring the entire Triangle MLS region.  The region includes the following counties in NC:  Alamance, Caswell, Chatham, Durham, Franklin, Granville, Harnett, Johnston, Lee, Nash, Orange, Person, Sampson, Vance, Wake and Warren.  Presenting the Triangle MLS (multiple listing service) August market update with Stacey Anfindsen:

Note our report below includes specifically single family detached homes in Raleigh, Cary, Apex, Morrisville, Holly Springs, Fuquay-Varina, Garner, Wake Forest and Knightdale.

Wake County Real Estate Statistics

Wake County Real Estate Market - August StatsOur goal for the Triangle real estate market reports is to offer a solid overview of how real estate in our areas of NC perform month over month.

Specifically this is information covering single family detached homes, indicating fluctuation in home sales, inventory, and days on market until sale.

The pie chart breaks down the August 2013 percentages of:

  • new active homes listed
  • total homes for sale (active)
  • homes that sold
  • homes under contract

For great information more specific to each area of the Triangle, see the links below to our blog where we’ve posted individual area market reports for last month:

To break down the information above, the tables below detail the August 2013 activity for Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by the number of:August real estate stats for Wake County

  • New active homes that entered the real estate market
  • Total active homes listed (excludes the # of New active homes as not to be redundant and skew the percentages)
  • Homes closed last month
  • Homes that went under contract (pending)
  • Average number of days on the market before closing

August Average Days on Market Wake County HomesAVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSING

This graph indicates the average number of days a single family detached home remained on the market for those homes that closed in August.

Wonder how your Triangle area home stacks up against the competition?  We offer a free Comparative Market Analysis (CMA).

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, request a free pamphlet on how to get your home sold fast or contact us and we’ll work together to get your home sold.

Buying a home?  The information below will give an idea of what your options look like for each area.

Triangle Real Estate For Sale – August 2013

August Homes Active in Wake County

Wake County Real Estate that Went Under Contract Last Month

August Pending Homes in Wake County

Wake County Real Estate that Sold in August 2013

August Homes Closed in Wake County

Just some highlights:

Average Days on Market in the Triangle

The average days on the market for homes on the market in the entire Triangle area last month was 93 days (just over 3 months).  Something to keep in mind with the average days on market is that currently there is an under supply of homes in the lower price ranges and an over supply of homes in the higher price ranges.  93 days is a good indication for Triangle home sellers who are selling their homes for less than around $200,000.  For those home sellers with homes in the upwards of $800,000 and higher those average days on market is closer to 10 months.  What to expect in terms of length of time on the market before selling depends greatly on specific location and price bracket.

The low and high per area for days on market before closing in August were Morrisville averaging 45 days, and Holly Springs and Garner both averaged 71 days (note: the “Triangle area” includes other areas outside of the specific areas we cover above); the remaining Triangle areas noted above fall between the two (see chart outlining the average days on market above for the breakdown).

E-mail Me Homes Matching my Criteria

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 directly to your e-mail as they enter the Triangle real estate market.

Questions or a hankering for more information?  Please don’t hesitate to contact us.

Whether you are buying or selling Triangle real estate, we are here to help create a smooth transition.


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.