Wake County Real Estate Market Recap June 2012

Wondering How the Triangle Real Estate Market is Looking?

Real estate activity in June 2012 (from the Triangle MLS) was strong…

  • Homes sold in June 2012 vs June 2011 = 2,607 vs 2,197 representing an increase of 18.7%
  • At the end of June 2012 the inventory of homes for sale was 13,691 vs 18,848 in June 2011, a decrease of 27.4%
  • The Days on Market until sale saw a decrease of 2.5% for the same period with an average of 115 in June 2012 vs 118 in June 2011

The Triangle unemployment rate rose slightly to 7.8% in May, up from 7.5% in April.

Wake County Real Estate Statistics

Recap of June Real Estate in Wake CountyOur Triangle market report will give you a good overview of how detached homes for sale in our area of NC performed in the Triangle Real Estate Market during the month of June 2012.

The pie chart breaks down the percentages of:

  • new active homes listed in June
  • total homes for sale (active)
  • homes that sold
  • homes under contract June 30th

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 even further, the table below details Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by how many:

Wake County Real Estate: June Stats by Area

  • New Active homes entered the housing market in June
  • Total Active homes were listed during the month (excludes the # of New Active homes as not to be redundant or skew the numbers)
  • Homes Closed last month
  • Homes that went under contract (Pending) in June
  • Average Days on the Market homes were listed before closing

AVERAGE NUMBER OF DAYS ON THE MARKET BEFORE CLOSING

Wake County Real Estate: Days on the Market by areaThis graph indicates the average number of days a single family detached home remained on the market (includes only those homes that closed in June 2012).

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 June 2012.

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.

The information below will give an idea of what your options are as home buyers.

TRIANGLE HOMES FOR SALE – June 2012

Wake County Real Estate: Active listings by area

HOMES that went UNDER CONTRACT last month

Wake County Real Estate: Pending in June

NUMBER OF HOMES THAT SOLD in june

Wake County Real Estate: Sold in June by area

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.

Full Wake County Real Estate Recap for April 2012

April Real Estate Round up for the Triangle area of NC

The Triangle area real estate activity for April (stats pulled from the Triangle MLS) indicate a strong month!

  • Homes sold in April 2012 vs April 2011 = 1,900 vs 1,816 representing an increase of 4.6%
  • At the end of April 2012 the inventory of homes for sale was 14,111 vs 19,407 in April 2011, a decrease of 27.3%
  • The Days on Market until sale decreased by 2.1% for the same period with an average of 125 in April 2012 vs 128 in April 2011

The Triangle unemployment rate dropped to 7.8% in March, down from 8.3% in March 2011 and from 8.2% in February 2012.

If you’re considering moving to Raleigh or the Triangle area of North Carolina, or even if you’re planning on selling a home in or around Wake County, it’s important to have the right information.

Our Triangle market report will give you a good overview of how detached homes for sale in our area of NC performed in the Triangle Real Estate Market during the month of April 2012.

April Real Estate Market Recap for Wake CountyThe chart to the left breaks down the percentages of:

  • New active homes listed in April
  • Total homes for sale (active)
  • Homes that sold
  • Homes under contract (pending) at the end of April 2012

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 even further, the table below details Raleigh, Cary, Apex, Morrisville, Holly Springs, Wake Forest, Garner, Fuquay-Varina and Knightdale by how many:April Real Estate Market Recap for Wake County

  • New Active homes entered the housing market in April
  • Total Active homes were listed during the month (excludes the # of New Active homes as not to be redundant or skew the numbers)
  • Homes Closed during April
  • Homes that went under contract (Pending) last month
  • Average Days on the Market homes were listed before closing

 Average Number of Days on the Market before Closing

Wake County NC Real Estate Activity - April

 

The graph to the left indicates the average number of days a single family detached home remained on the market (includes only those homes that closed in April 2012).

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 April 2012.

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.

The information below will give an idea of what your options are as home buyers.

  Triangle Homes for Sale                              Homes Under Contract

Wake County NC Real Estate Activity - AprilWake County NC Real Estate Activity - April

Number of Homes that Sold in April 2012

Wake County NC Real Estate Activity - April

 

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.


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.

Highs and Lows of Wake County Real Estate – January 2011

Highs and Lows of the Wake County Real Estate Market

January 2011

The Triangle is considered to have one of the most stable housing markets in the country. 

Highs and Lows of Wake County Real Estate

 

The foundation of this stability is credited to a number of factors, such as our strong tech, pharma, and telecommunication industries here in the Triangle. 

Add to that a desirable location situated near both the North Carolina beaches, mountains, and the solid Wake County School Information; then top it off as one of the more stable real estate markets the nation saw during the housing bubble…

The Wake County real estate market is considered to be fairly even keeled.

 

 

Even so… after a little digging, we find some fun facts regarding the size, price, and age of homes for sale here in our Wake County real estate market!

The following includes just the single family homes that are currently on the market here in Wake County, NC. 

  • Smallest Home:  527 sq.ft.  2 beds, 1 bath, listed for $24,500
  • Largest Home:  17,946 sq.ft.   7 beds,  9 full baths,  4 half baths 
  • Most Expensive:  $8.9 million   8 beds,  8 full baths,  6 half baths,  15,844 sq.ft. home
  • Least Expensive:  $23,600K   3 beds,  1 bath,  863 sq.ft. home
  • Most Bedrooms:  8 bedrooms (also happens to be the most expensive home on the market noted above)
  • Most Bathrooms:  9 (that is 9 FULL baths),  plus 4 half baths,  7 bedrooms,  17,946 sq.ft. 
  • Oldest Home:  Built in 1855 and designated as a Raleigh Historic Landmark:  5,228 sq.ft.,  4 bedrooms,  2 full baths,  2 half baths.  This statistic may not be all-inclusive as public records for many older homes don’t exist.  This stately Greek Revival-style frame home is truly remarkable (and also happens to be listed with a PRU YSU Realtor)
  • Longest DOM (Days on Market):  1332 days  (that’s over 3 1/2 years)


January SOLD extremes… single family homes in Wake County that sold just last month.

  • Least Expensive Sale last month:  $28,500   3 beds,  1 bath,  1050 sq.ft. home
  • Most Expensive Sale last month:  $1,200,000   5 beds, 4 full baths,  2 half baths,  4,621 sq.ft. home

 

So that’s a wrap of the extremes here on our Wake County real estate!  As you can see we really do have something for everyone!  Call or email me if you’d like to chat more about your move to our wonderful area!