Cary, NC is a big relocation area. Many companies are moving their headquarters to Cary, NC or Research Triangle Park. Cary offers a great quality of life and wonderful lifestyle.
What some people don't consider is Real Estate is very regional. In our area, it can even come down to the very neighborhood and sometimes the different builders or levels within a neighborhood. It is important you work with a qualified Real Estate Professional who understands Real Estate statistics and can use every bit of information provided to not only help you get the best price when purchasing a home but, to help you not miss out on a great home.
When I work with people relocating to the area, I ask a lot of questions. The answers will help me show prospective buyers home that best meet their criteria and it will help me explain how our market is compared to where they're coming from.
Since Cary never had a huge bubble, it wasn't hit as hard during the recession. Sellers did take a hit but, nothing like other NC towns and especialy not like other states such as FL, NV, CA, etc. It is important a homebuyer is educated in Real Estate before purchasing in this area. It will save them time, money and aggrevation if they have a Realtor who understands the market.
Below is a rough example of Real Estate Sales in the Cary NC area. You may be surprised at what percentage homes are selling for. It is also interesting to see where the sweet spot is and where the dips are.
*based on resale homes in the hundred thousand range (ie $100 = $100,000)
Notice where home prices go from selling at 97% of FINAL list price to 98%, back to 97% and up to 99%. Then when the home price hits $1 million, closed selling prices drop dramatically to 93% of FINAL list price.
Also notice how the days on the market fluctuate. This too demonstrates sweet spots for home buyers.
These statistics are for the entire town of Cary. The numbers will vary based on many things such as schools, area, neighborhood and more. There are cases where homes are selling for more than 100% of FINAL list price.
Keller Williams Preferred Realty
By Carla Freund Realty Team
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Contact Carla Freund, Broker, Keller Williams Preferred Realty, Licensed Realtor® in North Carolina at 919-602-8489 to list your property for sale or to purchase a property in Cary, Raleigh, Morrisville, Apex, Fuquay-Varina, Garner, Holly Springs, Pittsboro, Durham, Chapel Hill, Johnston County, and the surrounding areas.
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Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. The Raleigh - Cary Home Reviews Blog, Keller Williams and Carla Freund does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either expressed or implied. Entries on Raleigh - Cary Home Reviews represent the opinions and ideas of the author(s). Raleigh - Cary Home Reviews Blog does not express the views of Keller Williams, or those of the broker.
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