What’s the #1 pitfall when buying a home? The closing date.

Gorgeaus Home in Fuquay VarinaBuying a house isn’t that hard really.  But believe it or not the #1 pitfall when buying a home is the closing date.

Pick a bad date and the process can be brutal. I’m scratching my head over what it takes to get a real estate transaction CLOSED in today’s real estate market! Not sure how anyone would chance selling their home on their own.  It has become a mine field that really does require some very experienced professionals to get the job done.

Here’s what happened… We had given ourselves what we thought would be plenty of time to do our due diligence; we even cleared the closing date with the lender. But here’s an example of an ‘out of the blue’ scenerio that really happened

Sold a gorgeous home to a great couple relocating here from Kansas.  The normal consultation meeting, overview of the area, discussing their parameters all went well.  Even finding their new home went smoothly.  Inspections, negotiated cash in lieu of repairs, lender process – yep, all going smooth as silk eying the date to close.

BUT then 1 week before closing the lender sends my client an email and cc’d me, here’s what they said;

…we are wanting to see a copy of the inspection report. I know that you stated that they have to replace some flashing on the roof and fix a leaky toilet but we are really wanting to see a copy of the inspection report to see what the real problem is with the roof especially.  We may need a certification verifying that there are no active leaks and the roof is fine for 12 months depending on what the inspection report says.  Can you please forward me the inspection report as soon as you can so we can take a look at it?

There was no mention of any leaks on the home inspection report (and believe me when I say I use a very very meticulous inspector!!).  So I sent them the ‘roof’ section of the report the next day thinking that will answer any concerns about a leaking roof and they’ll move on getting the loan package to the attorney… But oh no – here’s the response we got;

…we want a roofer go out to the property to inspect the roof and have him send something on company letter head signed and dated stating there are no leaks on the roof and the life expectancy is at least 12 months.  We need this to get the purchase agreement approved and the faster you can get that to me that would be great.

WHAT?  It’s 3 days before closing.  I called and left messages for reputable roofers I know and work with here in the Triangle.  But lo and behold they were all booked!  The earliest I was able to get a roofer out to ‘fulfill’ this request was 3 or 4 weeks out.  BUT REMEMBER WE ARE SCHEDULED TO CLOSE IN 3 DAYS.  So I emailed the lender back and told him I was having problems getting a roofer that I knew and trusted to go to the house in such short notice; and again asked him since the inspector didn’t mention any leaks would he reconsider his request…he writes back;

Pam-is there any other roofing companies out there that can go to the property and inspect the roof before the 25th? I ask that cause I know <your client> will want to close on the home before then.

I wasn’t about to start calling random roofers…  what to do? Fortunately I thought to call a builder I love working with.  I called Massengill Design Build.  He was kind enough to refer his roofer who ‘dropped what he was doing’ to get to the house and get me that letter within a couple of hours.

I question why that happened in the first place?  There was no indication on the home inspectors report about any ‘roof leaks’ , and the home is just 6 years old with 30 year architectural shingles!!! 

This is just one example of what can snarl a closing, and there are many other issues that can/and do come up; so please have a back up plan for your closing date.  It relieves a lot of stress and tension.  Especially if that moving truck was scheduled for the same day as closing. Not having a back up plan if closing doesn’t go as scheduled, it’s the #1 pitfall when buying a home.  Give yourself some breathing room….  You’ll be glad you did if something comes up.

Happy House Hunting!

 

Fuquay-Varina Real Estate Market Recap: Starting 2014 Strong!

Fuquay-Varina Real Estate Recap

Out-performing previous years, the Fuquay-Varina real estate market kicked off 2014 with a bang!  The days on market until sold averaged only 90 days (about 3 months) and single family detached homes sold at an average of 99% sale price to list price.

Fuquay-Varina Real Estate Market Recap January 2014Continuing the upward trend as 26% of the activity in January comprised of homes that either sold or went under contract.  This 26% outperforms previous years with:

  • 19% closed and pending sales in January 2013
  • 15% in January 2012
  • 11% representing closed and pending sales in January 2011.

Our Fuquay-Varina real estate market reports are designed to provide a comprehensive overview of how detached homes for sale perform month over month.

The tables below break down the information into detail to show highs, lows and averages for the beds, baths, square feet, list price, price per square foot, and also the days on market for Fuquay.  

Newly Active Fuquay-Varina Real Estate for Sale:

Fuquay-Varina New Active Homes in January

Take a sneak peak at all the new homes for sale in Fuquay-Varina NC last month (in alphabetical order by subdivisions).  If you’d like a more customized search, you can save a search outlining your unique home needs and get free e-mails with only homes for sale in the Triangle that match your criteria.

Active Fuquay-Varina NC Real Estate in January

Fuquay-Varina Active Homes in January

*When you’re ready to see homes for sale in Fuquay-Varina, NC or really any homes for sale in the Triangle area contact us, we are here to help every step of the way.

Fuquay-Varina Real Estate that went Under Contract last Month

Fuquay-Varina Pending Homes in January

Sold Fuquay-Varina Real Estate in January 2014

Fuquay-Varina Closed Homes in January

For quick sold Fuquay-Varina real estate market recap, in January 2014 there were 50 closed homes compared with 40 in January 2013, 24 in January 2012 and 26 in January 2011.

If you’ve been considering a move to Fuquay-Varina, NC, would like more information on selling in Fuquay, or would simply like to discuss your Wake County real estate needs call or e-mail me.  I’d love to chat!

*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.

Holly Springs Real Estate Market Stats Kick Off the New Year Strong!

Holly Springs Real Estate Market Recap January 2014It was a solid month for Holly Springs real estate market stats to kick off the new year!  The average closed sales price in Holly Springs last month was $331,505 for single family detached homes and spent an average of only 55 days on the market before closing at an average of 99% list to sale price in January.  Last month 33% of the single family detached housing activity accounted for homes that either sold or went under contract.  As real estate is cyclical, for a year over year comparison there were:

  • 33% closed and pending homes in January 2014
  • 31% in January 2013
  • 19% in January 2012
  • 13% in January 2011

Our Holly Springs real estate market reports are offered to provide a solid overview of how detached homes for sale in Holly Springs, NC are performing month over month.

Newly Active Homes in Holly Springs (Hit the Market in January)

Holly Springs New Active Homes in January

39 new listings came on the market in Holly Springs last month.  Take a sneak peak at all the new homes for sale in Holly Springs NC (in alphabetical order by subdivisions).  If you’d like a more customized search, you can save a search outlining your unique home needs and get FREE e-mails with only homes for sale in the Triangle that match YOUR criteria.

Active homes for sale in Holly Springs NC last month

Holly Springs Active Homes in January

*When you’re ready to see homes for sale in Holly Springs, NC or really any homes for sale in the Triangle area contact us, we are here to help every step of the way.

Holly Springs, NC Real Estate That Went Under Contract in January

Holly Springs Pending Homes in January
SOLD Holly Springs Real Estate in January

Holly Springs Closed Homes in January

Holly Springs home values remain strong with an average sales price to list price of 99% and an average of only 55 days on the market before selling.  Something to keep in mind regarding expectations if you’re a home selling is that Holly Springs, like the rest of the Triangle, has an under supply of lower priced homes, causing lower priced homes to sell much more quickly than higher.

For quick comparison previous months include the following number of single family detached closed homes each month:

  • 54 homes closed in January 2014 (39 in Jan. 2013)
  • 64 homes closed in November (40 in Nov. 2012, 29 in 2011, 26 in 2010)
  • 59 homes closed in October (49 in Oct. 2012, 41 in 2011, 30 in 2010)
  • 65 homes in September (63 in Sept. 2012)
  • 72 homes in August (77 in Aug. 2012)
  • 92 homes in July (54 in July 2012)
  • 84 homes in June (78 in June 2012)
  • 87 homes in May (74 in May 2012)
  • 82 homes in April (56 in April 2012)
  • 75 homes in March (54 in March 2012)
  • 45 homes in February (50 in February 2012)

If you’ve been considering a move to Holly Springs, NC or would like more information on selling a home in Holly Springs call or e-mail me.  We’re here to help.

*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.

The Apex Real Estate Market Starts 2014 Strong!

Apex Real Estate Market Recap January 2014The Apex real estate market is off to a great start in 2014!  A strong performance in January, the average days on market for homes that closed in Apex in January was only 62 days (about 2 months).  Additionally, single family detached homes in Apex sold for an average of $124.06 per square foot and at (a beautiful) 99% sale to list price.

Last month Apex single family detached homes knocked the previous 3 years of January stats out of the park, with 35% of the real estate activity accounting for homes that either went under contract or sold.  This beats the previous three years with 26% closed and pending homes in January 2013, 19%  in January 2012 and 14% in January 2011.

The information included in this report is only for single family detached homes located within Apex NC.  If you’d like additional information or are considering buying or selling your Apex home let us know ~ we’re happy to provide information specific to your needs.

Apex New listings on the market: January 2014

Apex New Active Homes in January

Take a peak at the new Apex NC Homes for Sale on the market in January (in alphabetical order by neighborhood)

Apex Detached Homes For Sale Last Month

Apex Active Homes in January

With just over 150 homes for sale ranging between $34,999 – $789,000 there are good opportunities for home searchers with a wide variety of wants and needs to find a home here in Apex.

Whether you have outgrown your home and need something larger; are relocating to the area, are empty-nesters ready to down-size, or are just looking to capitalize on the Triangle investment opportunities, locating a great match (with the right Realtor®) will not be an problem here in Apex.

Apex Homes That Went Under Contract Last Month

Apex Pending Homes in January

Sold Apex Real Estate in January 2014

Apex Closed Homes in January

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

More about Apex

For more information about Apex check out our:

*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.

Our goal for sharing these statistics in the form of real estate market reports is to provide a comprehensive overview of how real estate in Apex is performing.  If you’re considering making a move to, from or around the area, our goal is that you will have everything you need right at your fingertips.

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.  Not sure if we’re right for you?  Read a bit about what some of our past clients have had to say about us in their testimonials and reviews.

Cary Real Estate Market Recap for January 2014!

Cary Real Estate Market Recap January 20142014 is off to a great start in the Cary real estate market!  Real estate in Cary, NC performed strong, selling for an average of $383,024 in January.  36% of the real estate transactions resulted from either closed or under contract homes (compared with 31% in January 2013 and 17% in January 2012 and 15% in January 2011).

For single family detached homes that closed last month they averaged only 74 days on market closing at an average of 98% sales to list price.  Something to keep in mind, and consistent with the trend throughout the Triangle, lower priced homes are selling much more quickly than those homes priced in higher brackets.

Cary continues to enjoy a steady and balanced market,  family-friendly neighborhoods, desirable amenities, close proximity to Raleigh and RTP (Research Triangle Park).

Our goal for our Cary real estate market reports is to provide a good overview of how detached homes for sale in Cary, NC perform month over month.

The following information shows a break down of the detached homes for sale in Cary NC that are new active, active, pending or closed in January 2013:  

Newly Active Cary Real Estate for Sale:

Cary New Active Homes in January

Take a sneak peak at all the new homes for sale in Cary NC last month (in alphabetical order by subdivisions).  If you’d like a more customized search, you can save a search outlining your unique home needs and get FREE e-mails with only homes for sale in the Triangle that match YOUR criteria.

Cary NC Active Homes for sale – January 2014

Cary Active Homes in January

*When you’re ready to see homes for sale in Cary, NC or really any homes for sale in the Triangle area contact us, we are here to help every step of the way.

Cary, NC Real Estate that went Under Contract in January

Cary Pending Homes in January

At the end of last month there were 40 homes under contract in Cary.

Cary Real Estate Market – SOLD in January

Cary Closed Homes in January

Last month there were 106 homes closed in Cary, compared 94 in January 2013, 48 in January 2012 and 68 in January 2011.

If you’ve been considering a move to Cary, NC, would like more information on selling a home in Cary, or would simply like to discuss your Wake County real estate needs call or e-mail me.  I’d love to chat!

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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 learn more about us?  Read what some of our past clients have had to say:  testimonials and reviews.

Want to know more about Cary, NC?  Check out our all about Cary, NC webpage.

January 2014 Raleigh Real Estate Market Recap

Raleigh Real Estate Market Recap January 2014The Raleigh real estate market is off to a great start this year!  Closing for an average sales price of $291,723, single family detached homes in Raleigh closed for an average of 97% sale to list price in January and sat on the market for an average of only 99 days.

For a snapshot of how single family detached real estate performed in January 2014, the pie chart shows the percentage of newly active listings, total active listings (on the market longer than 1 month), closed listings, and homes that went under contract last month.

Last month a solid 25% of the Raleigh real estate activity accounted for either closed or pending transactions (compared with 26% in January 2013 and 17% in January 2012 and 12% in January 2011).  19% of the activity accounting for newly active listings.

Newly Active Raleigh Real Estate in January

Raleigh New Active Homes in January

Take a peak at the new Raleigh NC Homes for Sale on the market in January

Active Raleigh Detached Real Estate for sale last month

Raleigh Active Homes in January

Raleigh offers ample opportunities for individuals and families with diverse wants and needs to find a home here.  With just over 1300 homes for sale ranging between $39,900 and $4,850,000, with the right Realtor®, home buyers are sure to find a home that meets their needs.

Whether you’ve outgrown your home and need something larger; are relocating to the area, are empty-nesters ready to down-size, or are just looking to capitalize on the Triangle investment opportunities, locating a great match (with the right Realtor®) will not be an problem here in Raleigh.

Raleigh Real Estate that went Under Contract in January

Raleigh Pending Homes in January

Raleigh Homes that sold in January 2014

Raleigh Closed Homes in January

For a year over year comparison of single family detached home performance in Raleigh there were 312 sold homes in January 2014, 269 in January 2013, 215 in January 2012 and 197 in January 2011.

*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.  If you like, read a bit about what some of our past clients have had to say about us in their testimonials and reviews.

Fun Things To Do In and Around Raleigh in February 2014!

Things to do around Raleigh in February 2014There are no excuses for being bored… unless you just want to be… presenting the February 2014 list of fun things to do around Raleigh!  Organized by holiday happenings, sporting events, running events, music festivals and concerts, cultural happenings, annual parades, festivals, park activities and more.

Looking for fun things to do in Raleigh and the Wake County area next month?  Here you have it!

Raleigh Area Events: February 2014

Things to do in Raleigh, in order by activity type and date…

Music Lovers – Blues, Salsa, Rock, Jazz, Pop, Rap, Country, Reggae and Between September Music Events

  • Czech Mates – by Cary Town Band – Cary Arts Center   Visit Website

Booth Amphitheatre:  Visit Website

Sertoma Amphitheatre at Bond Park:  Visit Website

Red Hat Amphitheater:  Visit Website

Music Pavilion at Walnut Creek:  Visit Website

Duke Energy Center Raleigh:  Visit Website

  • Feb. 1st & 2nd:  Pinkalicious
  • Feb. 7th:  Capriccio Espagnol
  • Feb. 7th:  Sutton, Holt & Coleman
  • Feb. 9th:  Concertante
  • Feb. 9th:  Jubilee!  Triangle Youth Brass Band
  • Feb. 11th – 23nd:  Les Miserables
  • Feb. 13th:  Love and Laughter
  • Feb. 13th – March 2nd:  Vivaldi’s Four Seasons: Carolina Ballet    Visit Website
  • Feb. 14 – 15th:  Romeo & Juliet
  • Feb. 18th:  Freedom Train
  • Feb. 21st – 22nd:  Singin’ in the Rain
  • Feb. 23rd:  Partership with Youth featuring NC Symphony Trumpeter
  • Feb. 28th – March 1st:  Swan Lake
  • Feb. 28th – March 2nd:  Dinosaur Train – Broadway Series South

Lincoln Theatre:  Visit Website

  • Feb. 1:  The Ringers
  • Feb. 4th:  Moe.
  • Feb. 7th:  Pulse
  • Feb. 8th:  Who’s Bad (Michael Jackson Experience)
  • Feb. 13th:  Lettuce
  • Feb. 14th:  Mount Moriah
  • Feb. 15th:  Far Too Jones
  • Feb. 16th:  Rebelution
  • Feb. 19th:  Emancipator Ensemble
  • Feb. 20th:  Tim Reynolds & TR3
  • Feb. 21st:  G. Love & Special Sauce
  • Feb. 25th:  Jerry Garcia Cover Band
  • Feb. 26th:  Matrimony
  • Feb. 27th:  Randy Rogers Band
  • Feb. 28th:  Juicy J
  • Feb. 22nd:  Steep Canyon Rangers

NC Museum of Art:  Visit Website

North Carolina Symphony:  Visit Website

Festivals, Holiday and Annual Events – February 2014

  • Feb. 1st:  Last day of Raleigh Winterfest – Downtown Raleigh  Visit Website
  • Feb. 6th:  Champagne + Chocolate – NC Museum of Art  Visit Website
  • Feb. 8th:  Harambee Community Fest – Ezra Conference Center  Visit Website
  • Feb. 14th:  Valentine’s Day Parents’ Date Night Out – Pump It Up of Raleigh  Visit Website

Things to do for Kids around Raleigh

  • Feb. 1st:  7th Annual Triangle Daddy-Daughter Dance – Marbles Kids Museum  Visit Website
  • Feb. 1st:  American Girl Doll Valentine Workshop and Tea Party – Historic Polk House  Visit Website
  • Feb. 4th  Time for Tots:  Presidents and a Frist Lady – NC Museum of History  Visit Website
  • Feb. 9th:  Carolina Parent’s Camp & Education Fair – Saint Mary’s School  Visit Website
  • Feb. 22nd:  Rapunzel – The ArtsCenter  Visit Website
  • Feb. 28th – March 3rd:  LEGO KidsFest – Raleigh Convention Center  Visit Website

Other Fun Things to Do Around the Triangle

  • Feb. 6th – 7th:  2014 Awakening Raw Artist Showcase – Lincoln Theatre  Visit Website
  • Feb. 6th – 9th:  Boat Show – Raleigh Convention Center  Visit Website
  • Feb. 14th – 16th:  Home Show – Raleigh Convention Center  Visit Website
  • Now – May 30th (every Friday):  Art in the Evening – NC Museum of Art  Visit Website
  • Year Round (1st & 2nd Sat./mo.):  Center Open Mic – LGBT Center Raleigh  Visit Website
  • Year Round (every Saturday):  A Downtown Cary Walking Food Tour Visit Website
  • Year Round (every Sat. & Sun):  Raleigh Flea Market – NC State Fairgrounds  Visit Website
  • Year Round (every Saturday):  Gourmet Food Tour – Raleigh City Museum  Visit Website
  • Year Round (every Saturday):  Carolina Brewing Company Tour  Visit Website
  • Year Round (every Sun. & Mon.):  Karaoke – Flex  Visit Website
  • Year Round (every Fri. & Sat.):  Raleigh Haunted Ghost Tours  Visit Website

Outdoor Movies

Koka Booth Amphitheatre  Visit Website

Wake County February Park Activities

  • Calendar for ALL Wake County Park locations (dozens of activities for kids and adults).  Scroll down the page for the calendar of events:  Visit Website

February 2014 Triangle Sporting Events 

Carolina Railhawks NASL Soccer Games – WakeMed Soccer Park:  Visit Website
  • *Season ended
Durham Bulls Minor League Baseball – DBAP  Visit Website
  • * Season starts April 2014
Carolina Mudcats Minor League Baseball – Five County Stadium  Visit Website
  • * Season starts April 2014
NC State Wolfpack Football – Carter-Finley Stadium  Visit Website
  • * Season starts August/September 2014

NC State Wolfpack Basketball – PNC Arena & Reynolds Coliseum  Visit Website

  • Feb. 1st:  1 PM – Wolfpack vs North Carolina (Location – Chapel Hill, NC)
  • Feb. 11th:  7 PM – Wolfpack vs Wake Forest
  • Feb. 26th:  8 PM – Wolfpack vs North Carolina
Hurricanes NHL Hockey Games – PNC Arena  Visit Website
  • Feb. 4th:  7 PM – Hurricanes vs. Jets
  • Feb. 7th:  7 PM – Hurricanes vs. Panthers
  • Feb. 8th:  6 PM – Hurricanes vs. Canadiens

Fun Runs, 5K's, Marathons and Walks around Raleigh NC

Races, Fun Runs, Marathons and Triathlons around Raleigh

February Holidays

The February 2014 major (and some not so major) holidays include (please forgive us if we missed some):

  • Feb. 2nd:  Groundhog’s Day
  • Feb. 2nd:  Super Bowl Sunday
  • Feb. 12th:  Lincoln’s Birthday
  • Feb. 14th: Valentine’s Day
  • Feb. 15th:  Singles Awareness Day
  • Feb. 17th:  President’s Day
  • Feb. 22nd:  Washington’s Birthday

Where to go in Wake County for Additional Fun

Included is a great list of locations with ongoing events for additional ideas for things to do in Wake County

Be sure to check out the web link for your events before showing up… sometimes pre-registration or tickets are required.

Reading this and it’s not quite February yet?  Check out our list of things to do in Wake County in January.

We know we didn’t catch everything.  Can you think of a Wake County event that will be taking place in February, 2014 that we missed?  Please leave us a comment below and let us know!

We hope to see you out and about in Wake County!

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 Fuquay Varina Real Estate Market Recap – A Great Year!

We love Fuquay-Varina.  The town, spanning only 8 square miles encompasses great people, terrific shops and businesses, gorgeous open space and friendly neighborhoods.  Interested in buying or selling a home in Fuquay-Varina?  Presenting the full 2013 year end Fuquay-Varina, NC real estate recap!

Fuquay-Varina 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 Fuquay-Varina, NC.

The “0% Active” is confusing, yes… this percentage would include only those Fuquay-Varina homes that entered the MLS before January 2013, and sat on the market through the duration of the year (a high % would be alarming).  This 0% actually represents zero homes as well – great for Fuquay-Varina home buyers and sellers.

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 – Fuquay-Varina Real Estate Market in 2013

Fuquay-Varina New Active 2013 Real Estate Recap

The “New Active Listings” with 225 homes represent the number of Fuquay-Varina 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 Fuquay-Varina anytime between Jan. 1st and Dec. 31st 2013.

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

Active Detached Homes Available at the End of 2013

Fuquay-Varina Active 2013 Real Estate Recap

“Active Listings” include new listings to the Fuquay-Varina market in 2013.  To get the number of homes listed before Jan. 1st 2013 we subtract new active from active which gives us zero homes in Fuquay-Varina that have been listed for over a 1 year period!  This is terrific and signifies (you guessed it) 0% of the total Fuquay-Varina real estate market.

With 225 homes for sale ranging from $69,000 to $1,075,000 with an average price of a home for sale in Fuquay-Varina being $282,025 ($266,809 in 2012) we have plenty of options for both affordable and luxury living available in the area.

Homes in Fuquay-Varina: Under Contract at 2013 Year End

Fuquay-Varina Pending 2013 Real Estate Recap

At the end of 2013 there were 54 homes under contract, or in the “pending” status in Fuquay-Varina, NC.

Homes that sold (closed) in Fuquay-Varina in 2013

Fuquay-Varina Active 2013 Real Estate Recap

Here’s the big one:  A total of 856 single family detached homes were recorded in the TMLS to have sold in Fuquay-Varina in 2013.  The average sales price in Fuquay-Varina, NC was $223,051 in 2013 ($203,721 in 2012) at $98.40 per square foot ($93.21 per square foot in 2012), closing at a healthy 98% of sales to list price (same as 2012) and sitting an average of only 79 days on the market (124 days in 2012).

There’s a lot of great information above to get a good overview of Fuquay-Varina 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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Want to learn more about us?  Read what some of our past clients have had to say:  testimonials and reviews.

Want to know more about Fuquay-Varina, NC?  Check out our all about Fuquay-Varina, NC webpage.

Holly Springs Real Estate Market 2013 Year End Recap

Holly Springs Real Estate Recap 2013Holly Springs, NC had a banner year for 2013!  Is buying or selling real estate in the area on your list of 2013 resolutions?  Presenting the full 2013 year end Holly Springs real estate recap!

We know and love Triangle real estate and gorgeous Holly Springs, North Carolina remains a desirable place to live for all walks of life, promoting affordable and quality options for home buyers looking to settle down in Wake County.Holly Springs 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 Holly Springs, NC.

The “0% Active” is confusing, this percentage includes only those Holly Springs homes that entered the MLS as a for sale home before January 2013, and sat on the market through the duration of the year.  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 – Holly Springs Real Estate Market in 2013

Holly Springs New Active 2013 Real Estate Recap

The “New Active Listings” with 144 homes represent the number of Holly Springs 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 Holly Springs anytime between Jan. 1st and Dec. 31st 2013.

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

Active Detached Holly Springs Homes Available at the End of 2013

Holly Springs Active 2013 Real Estate Recap

“Active Listings” include new listings to the Holly Springs market in 2013.  To get the number of homes listed before Jan. 1st 2013 we subtract new active from active which gives us only 3 homes in Holly Springs that have been listed for over a 1 year period.  This signifies 0% of the total Holly Springs real estate market.

With just under 150 homes for sale ranging from $112,000 to $725,000 with an average price of a home for sale in Holly Springs being $355,255 ($336,647 in 2012) 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 Holly Springs: Under Contract at 2013 Year End

Holly Springs Pending 2013 Real Estate Recap

At the end of 2013 there were 63 homes under contract, or in the “pending” status in Holly Springs, NC.

Homes that sold (closed) in Holly Springs in 2013

Holly Springs Closed 2013 Real Estate Recap

Here’s the big one:  A total of 845 single family detached homes were recorded in the TMLS to have sold in Holly Springs in 2013.  The average sales price in Holly Springs, NC was $291,723 in 2013 ($272,271 in 2012) at $110.43 per square foot ($104.83 per square foot in 2012), closing at a healthy 98% of sales to list price (same as 2012) and sitting an average of only 63 days on the market (99 days in 2012).

There’s a lot of great information above to get a good overview of Holly Springs 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 learn more about us?  Read what some of our past clients have had to say:  testimonials and reviews.

Want to know more about Holly Springs, NC?  Check out our all about Holly Springs, NC webpage.