CARY NC - Is the High School District a Key Factor in the Buying Decision?  YES!!!!

 

"Housing located in the Panther Creek and Green Hope High School districts still has the largest market share of the closings at 49%, the same as last year.

 Housing in the Athens/Cary districts has a 29% share and housing in the Apex High School district has a 19% share.

The supply of housing is 4 months in Panther Creek/Green Hope, 5 months in Athens/Cary and 6 months in Apex. Each of these supply numbers are below the levels seen in the Triangle and in the United States"

According to TARReport December 2011

 

This is not news to those of us who reside in the area.  We know we have excellent sought-after High Schools in Cary NC because our children attend these schools. 

 Are just the high schools excellent in Cary NC? 

 Of course not, here's my theory as a former Wake County teacher, if you have a great high school the elementary schools and middle schools that filter in those high schools must be excellent as well.

For this reason Panther Creek and Green Hope Have become the top schools of CHOICE.

My children went these very schools and are now enjoying very successful college careers.

 

  

View Wake County High Schools Of CHOICE in a larger map <

 

 CARY NC - Is the High School District a Key factor in the Buying Decision?  YES!!!  was first published on CaryRealEstateBlogger.com - a Blog by Linda Lohman

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RALEIGH NC - New Home Sales Rise

Raleigh NC - New home sales rise according to Builder Local Market an On-Line Newsletter for local Builders.
Good news for our local Triangle Real Estate Market.  While home building has stopped in most parts of the country the Raleigh NC
market which included the ever popular Cary is growing.

Why?  We have thriving business base, Research Triangle Park, multiple large universities (NCSU, UNC, DUKE), and a growing Downtown, and quality schools.  This formula has made the Triangle a destination for families.

Market Share of Home Sales   In the Raleigh, NC market new home sales grew year-over-year in October, and the percentage hike was greater than September 2011, giving hints of improving market conditions. New home sales saw a hike of 15.9% from the year earlier to 371. This came after a 7.7% rise year-over-year in September. A total of 4,060 new homes were sold during the 12 months that ended in October, up from 4,009 for the year that ended in September. Of 1,152 total sales, 371 were of new homes. This is a surge from 28.2% of sales a year earlier. Sales of new and existing homes rose year-over-year in October after also rising in September year-over-year.

Pricing and Mortgage Trends The average per-unit price of new homes increased in October to $264,033, up by 1.3% from a year earlier. This is a reversal from the 2.0% decline in September from a year earlier. For newly sold homes, the average mortgage size declined year-over-year in contrast to average price of new homes. In October 2011, there was a 9.2% decline in the average mortgage size on new homes to $222,679. Average mortgage size slid 11.7% in September 2011 from a year earlier. Of the overall sale price, the percentage that was being financed slipped 9.7 percentage points year-over-year to 84.3% in October 2011.

Finish reading this article and see an additional 15 charts and graphs on Raleigh-Cary, NC.

Are you looking for a REALTOR that is:

• a former teacher that knows the schools system
  
• has lived in the area for over 15 years
• has the expertise to get the job done?

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Raleigh NC - New Home Sales Rise  was first published on CaryRealEstateBlogger.com  - a Blog by Linda Lohman

Wake County School Choice Plan

What is Wake County School Choice Plan?  In short it is no longer a rumor it is a reality.  Wake County School Superintendent Tony Tata has made his plan a reality.  Even the squabbling of the Democratic and Republican factions within the School Board sound not stop Superintendent Tata's Choice Plan.

Basically when a child is registered for school parent have a choice of which school....kind of.

    Here's how it works:

•  Enter your address in the Student Assignment Finder
• A chart with your option will pop up.
• 5 Elementary Schools
• 2 Middle Schools
• 2 High Schools
• Familiarize yourself with the schools within your choice plan.
• Register your child for your school of choice.

So yes, your "choices" are limited.  You must pick a school within your option list. However, you may pick a Magnet School that is not on your list.  

This simplistic plan listed above is for the Newcomer, new to the area.  If you are currently enrolled in Wake County Schools it get a bit sticky.  More blogs to come....

Wake County School Choice Plan was first published on CaryRealEstateBlogger.com - a blog by Linda Lohman

Are you looking for a REALTOR that is:

• a former teacher that knows the schools system
  
• has lived in the area for over 15 years
• has the expertise to get the job done?

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CARY NC Homes for Sale - Stats and Data - December 2011

Cary NC homes for sale are still stable.  The number of home for this time of year are expectedly low.  Inventory of homes for sale through the Holiday Season is always light.  Sales light too.
We are looking forward to an active spring season in Cary NC.  Sellers can expect to break even.  While Buyers can still expect to be in the "driver's seat".  

The Cary NC market continues to be a "price war and a beauty contest".  Meaning Sellers should, pre-inspect, make their home as desirable as possible, and price competitively.  Buyers are being very particular.

This summer I showed one Buyer 76 homes, another 62.  Buyers are eliminating homes because of smells, carpet color, and minor repairs.

CARY NC Homes for Sale - Stats and Data - December 2010   

was first published on CaryRealEtateBlogger.com - a Blog by Linda Lohman

 

Are you looking for a REALTOR that is:

• a former teacher that knows the schools system
  
• has lived in the area for over 15 years
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CARY NC Swine Arrested for Hogging Highway!

You can't make this stuff up! 

During morning rush hour five pigs were loose at the very busy highway intersection of I-40 and I-540.  The Highway Patrol was called and a foot chase took place until the culprits were all apprehended.

The situation was made worst by a hard driving rain.  The dedicated deputies had a difficult job trying to capture thier fugitives as well as keep them from harm from oncoming traffic. 

No mention of were the pigs originated.  If no one comes forward to claim the pigs they will be put up for auction.

"No honey, I realize you're a Vet student but you can't have a pet pig!"

CARY NC Swine Arrested for Hogging Highway! was first Published on CaryRealEstateBlogger.com a blog by LindaLohman

CARY  NC  Average Appreciation by Subdivision

CARY NC Average Appreciation by Subdivision looks like age is selling.  Its no surprise MacGregor Downs is "selling like hotcakes" as we say down south.  It was the first country club community in Cary NC.  It has aged gracefully over the years and folks are seeing its beauty and making renovations.

The same can be said for many of the other neighborhoods that are the top contenders in the area.  Cary is truly a community full of neighbors.  We are beginning to see a trend of original residents  downsizing after their kids have left for college.  This area went through a huge growth spurt in the mid-90's and those kids are now college-age and their parent are empty nesters with homes that are too big.

The chart below also shows the dominance of the $150-300,000 price point in our market.  Resonable housing makes Cary very attractive to those working in Research Triangle Park.

Average Appreciation CARY/APEX/MORRISVILLE PUD/SUBDIVISION Avg Years Avg PPY # of sales Avg Price MACGREGOR DOWNS 10 4.69% 13 $474,885 SILVERTON 7 2.72% 18 $201,000 OXXFORD HUNT 6 2.57% 28 $223,214 KILDAIRE FARMS 10 2.42% 74 $164,243 SPRINGBROOKE 6 2.4% 10 $224,950 MACARTHUR PARK 11 2.36% 11 $305,045 PEARSON FARMS 8 2.36% 11 $251,273 WALDEN CREEK 8 2.11% 18 $271,667 EDGEHILL FARMS 9 2.08% 12 $143,625 HOMESTEAD PARK 8 1.93% 15 $151,800 PRESTON 13 1.93% 15 $409,833 REGENCY PARK 8 1.89% 36 $576,083 RIGGSBEE FARM 7 1.85% 13 $367,769 WESTON POINTE 9 1.8% 10 $348,350 PERRY FARMS 7 1.7% 10 $180,100 SUNSET HILLS-APEX 7 1.67% 18 $161,194 HERITAGE PINES 6 1.64% 14 $273,536 SCOTTISH HILLS 12 1.62% 21 $197,095 SCOTTS MILL 6 1.58% 40 $240,325 PARK VILLAGE 7 1.48% 23 $220,957 UPCHURCH FARMS 4 1.46% 13 $272,577 WATERFORD GREEN 6 1.4% 10 $270,700 BRECKENRIDGE 7 1.25% 55 $200,764 KELLY WEST 6 1.2% 10 $217,850 CAMERON PARK-APEX 6 1.1% 10 $286,400 ABBINGTON 7 1.08% 12 $418,542 WELLSLEY 9 1% 11 $350,364 PRESTON 7 0.98% 58 $409,664 HAMLET IN THE PARK 5 0.92% 12 $144,583 CARPENTER PARK 6 0.91% 11 $161,500 Area Averages 8 1.80% 612 $270,663

 

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CARY NC  Average Appreciation by Subdivision was first published on CaryRealEstateBlogger.com by Linda Lohman

CARY NC  Housing Stats and Trends Februaby 2010-2011

CARY NC Housing Stats and Trends February 2010-2011 shows PENDING sales are up 15% over last month.  That's great news!  That means our Spring Market is in full swing.
Next month the 15% PENDING will turn in to 15% SOLD.  Our 6% increase in inventory will quicky turn to an increase in sales.  

Our Spring Market generally starts mid-February and is full swing my mid-March and is crazed until end of June, if were lucky until July.  This year if want to sell pricing must be close, if not at market.  Sellers are motivates and Buyers are being particular.  One issue to be aware of, Buyers from depressed markets are looking for deals, no matter what the numbers say!


 


CARY NC Housing Stats and Trends February 2010-2011 was first published on CaryRealEstateBlogger.com - blog by Linda Lohman

CARY NC  Single Family Homes from $400-300,000

CARY NC  Single family homes from $400-300,000 are the "sweet spot" of our market.  We have an abundance of inventory in this price point.  National builders and local custom builders have numerous floor plans to offer home buyers.

Single family home amenities in this price range include 2 car garages, 1/4 -1/5 acre, 4 bedrooms and a bonus room, usually a community pool.  Community Pools are not unique, however they are abundant in our area. Most communities have a pool, tennis courts, play area, and the lucky ones access to the County Greenway.  A community pool offers a unique social aspect to the neighborhood, not to mention a swim team.  

Neighborhoods compete against each other throughout the summer.  It truly is a wonder outlet outlet for the kids both physically and socially.  Years later in High School the kids remember each other from thier years on opposing teams.

Cary NC Single Family Homes from $400-300,000:

Amberly

Carolina Preserve

Carpenter Village

Cary Park

Devereaux

Highcroft

Lochmere

Preston

Rigsbee Farm

Twin Lakes

Upchurch Farms

Weatherstone

Wellsley

 

 

 

Are you looking for a REALTOR that is:

• a former teacher that knows the schools system
  
• has lived in the area for over 15 years
• has the expertise to get the job done?

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Cary NC Single Family Homes from $400-300,000 was first published on CaryRealEstateBlogger.com -a blog by Linda Lohman