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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• has lived in the area for over 15 years
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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
• has the expertise to get the job done?

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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

 

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  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

CARY NC What is a Due Diligence Fee?

CARY NC What is a Due Diligence Fee?  The state of North Carolina recently adopted a Due Diligence Contract.  Basically the buyer fully inspects the home before committing.

My experience has been that both Buyers and Seller are having had difficulty with the concept of a Due Diligence fee.

 

So what is a Due Diligence fee?

 

The contract states:

A negotiated amount, if any paid by Buyer to Seller with this Contract for Buyer’s right to conduct Due Diligence during the Due Diligence Period. It shall be the property of the Seller upon the Effective Date and shall be a credit to Buyer at Closing.

In southern terms:

The agent and clients negotiate a small amount of funds, usually about $100-300, depending on the value of the home. A check is written to the Seller from the Buyer.  The Buyer has a negotiated number of days to investigate the property.  If the Buyer decides to buy, the Due Diligence funds are credited at closing.  If the Buyer decides not to buy the Seller keeps the Due Diligence funds.  The home remains ON the market during the Due Diligence period.  It is marketed in the MLS as “Active-Due Diligence”.

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 What is a Due Diligence Fee? was first published on CaryRealEstateBlogger.com – a blog by Linda Lohman

 

 

 

Things To Do In CARY NC?

Things to do in CARY NC?  While visiting Cary NC I'm often asked what should we do?  Where do I start?  

We  have an amazing park system with boat rentals, walking trails, a dog park, even a SK8 park (that's "skate" for those of us over 40)

When you're done with all that exercise you'll need some refreshments.  You will be thanking yourself for stopping at Goodberry's!  Goodberry's is Cary's own creation.  A frozen custard where you hand pick the topping.  Yummy!!!

Need a midafternoon lift?  Crema Coffee is your answer.  Kevin and Regina are true baristers who know coffee.  They import, roast and grind coffee to perfection. Its like nothing you've ever tasted.  Take some home too.

Below is a list of other events ad place you won't eant to miss while visiting Cary NC:

Cary Christmas Parade

Visit the Mountains

Noodles & Company

Adore Designer Resale

Cary Lazy Daze

 

 

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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Things To Do In Cary NC  was first published on CaryRealEstateBlogger.com a blog by Linda Lohman

CARY NC  Single Family Homes from $400-500,000

CARY NC Single family homes from $400-500,000 are plentiful in our market both form national builders and local custom builders.  This price point will get you on average a third acre, 4 bedrooms, 3.5 baths, bonus room, 2/3 car garages, and numerous custom features.  

A few thing I should mention about our market.  Three car garages are not the norm.  In recent years we've begun to see more, however 2 car garages are our standard.  It may stem from not needing to store so many season items.

Another item that is not a norm is a basement.  I know, its unheard of for those of you from the north.  Our soil is clay.  Clay and basements do not mix.  Clay retains moisture, moisture creates mold and mildew, mold and mildew and human do not mix.  

We do have walk out basements, usually at a premium beginning in the $400-500,000 price range.

Looking for a single family home in the $400-500,000 price range in Cary NC?  Visit:

• Amberly
• Carpenter Village
• Carramore
• Cary Park
• Greystone
• Highcroft
• Highland Oaks
• Lochmere
• MacGregor Down
• Preston Village
• Rigsbee Farm
• Twin Lakes

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?

                     Let me GOOGLE one for you! - click here

 

CARY NC Single Family Homes from $400-500,000 was first published on CaryRealEstateBlogger.com - a blog by Linda Lohman.com