Raleigh Real Estate

The latest report from the Triangle MLS has just been released and includes info on the Raleigh NC Real Estate results from January 2014. The update focuses mainly on the shrinking inventory (number of homes for sale) in the Raleigh NC Real Estate Market. Inventory is down 9% year over year and is the lowest we have seen in the past 5 years. We typically see an increase in buyer activity over the next several months, so with less competition, now is a perfect time to put your home on the market. However, all data is pointing to a much slower increase in the number of offers and sold homes this year versus last year, so pricing your home properly is extremely important. Check out the video from Triangle MLS to hear more about what is happening in and around the Raleigh NC Real Estate Market. 

               Courtesy of: Triangle MLS

Holly Springs and the surrounding towns to its east continue to wait to hear which route the final section of 540 will take. The final decision will impact homes, businesses and residents in many areas in and around Holly Springs. The original route designated the "orange" route would impact the fewest residents as it was thought by many builders and town planners to be the only route and they have for years stayed clear of developing on most of the property. A newsletter was just released from NCDOT about the 540 route alternatives. Bad news is that all the routes are still up for consideration...good news according to the NCDOT newsletter #4 is "Based on the feedback from citizens, local governments, and state and federal agencies, NCDOT is moving forward to complete the detailed study as quickly as possible, and will include all of the comments in any final decision making process."

Click the link below to view the entire newsletter

http://www.ncdot.gov/projects/complete540/download/LochnerNwsltrNo4Jan2014.pdf

Click here to see the latest alternatives map (dated December 2013)

http://www.ncdot.gov/projects/complete540/download/DetailedStudyAlternative.pdf

The Inside the Beltline Raleigh NC Real Estate market update for January 2014 iis sending mixed messages to buyers and sellers. The decrease in inventory is a clear win for "sellers" who have less homes to compete with and in certain neighborhoods they are able to increase the asking price as a result...however, the increase in days on market and the small decline in number of homes sold would in most cases put a "buyer" in the drivers seat, allowing them to offer less than asking price on homes that have been on the market for longer periods of time. So, what should you take away from the January 2014 Inside the Beltline Raleigh NC Real Estate market update? It's a great time to buy and sell! I know that sounds very cliche and what you would expect to hear from a Realtor, but honestly, with rates continuing to be decent, a slight slow down in the number of competing buyers and a clear reduction in inventory, this market seems to be a win-win for both buyers and sellers within the Raleigh NC Real Estate market.  

Raleigh - Inside the Beltline - Market Update

Below is a list that includes the newest homes and condos for sale inside the beltline. You can also narrow your search down to the neighborhood. Some popular neighborhoods/areas include Five Points, Mordecai, Hayes Barton, Oakwood, Cameron Park, and Glenwood South. (Click the Neighborhood name to see available listings)

Inventory is decreasing and the prices are slowly rising in select neighborhoods. These trend typically favor the "seller" and not the "buyer" in the real estate market. But with a decrease in the number of closed sales month over month and year over year, there are still plenty of great deals out there for first time buyers and for buyers who are looking to sell their home and move into something new. The Holly Springs Real Estate market, the Fuquay Varina Real Estate Market, the Cary NC Real Estate market, and the Apex Real Estate Market all are seeing an increase in new home construction and continue to fair well compared to other markets. Check out the the video below that has some great information about the January 2014 Holly Springs Real Estate Market. The video also includes information about the Cary NC Real Estate Market, the Fuquay Varina Real Estate Market and the Apex NC Real Estate market.

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The Raleigh NC Real Estate Market is still going strong. While we have seen a seasonal drop in the number of new listings and the number of homes shown, we continue to see a reduction in the days on market and an increase in the number of homes sold year over year. Thanks to the great team at the Triangle MLS, we have a great video to share that explains how the Triangle Real Estate market shaped up for November 2013. 

Courtesy - Triangle MLS

Raleigh did it again. It seems like every month we are reading about how Raleigh and the surrounding towns like Cary, Apex and Holly Springs top the best places to live, work, play, raise a family, etc. The latest just came out, with CNN/Money ranking Raleigh as one of the top 10 places to retire. While I could spend more time than you have providing my biased opinion about why they got this 100% right, instead I will let you read the article for yourself. 

http://money.cnn.com/gallery/retirement/2013/10/28/best-places-to-retire.moneymag/index.html?hpt=hp_t2

Feel free to reach out if you want the countless number of other links with articles about the Raleigh NC Real Estate Market and how we top just about every "good" list!

Check out our latest market updafte video which includes a recap of the market through September. We continue to see a strong market year over year. 

After a two year break,  the NC Dept of Transportation is once again researching which route the final sections of I540 should take. In Holly Springs the original "orange" route consists of mostly vacnt land in anticipation of the highway beign built. However, the orange route is not set in stone and the alternatives have neighborhoods and towns on high alert. The proposed "purple" route for example would end up costing several homowners in Sunset Oaks thier homes. Meetings have been set up on various dates so that NCDOT can answer questions.

This link has info about I540 http://www.ncdot.gov/projects/complete540/ 

Public Meetings: https://apps.ncdot.gov/newsreleases/details.aspx?r=8839 

Study Area: http://www.ncdot.gov/projects/complete540/download/DetailedStudyAlternative.pdf

This video was created by NCDOT

The Triangle Real Estate market continues to be strong. AS the inventory shrinks, and the days on market reduces, we are starting to see more multiple offers on properties and a shift to a sellers market in many locations.  The video below has some great information about the August results for Cary, Holly Springs, and Fuquay Varina real estate markets. 

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