Cary Real Estate Blogger - A Blog by Linda Lohman

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

Linda Lohman- Former Teacher/Broker (Fonville Morisey Realty) — Mon, 23 Jan 2012 12:30:53 -0800

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

Linda Lohman- Former Teacher/Broker (Fonville Morisey Realty) — Tue, 17 Jan 2012 11:24:27 -0800

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.

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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

Linda Lohman- Former Teacher/Broker (Fonville Morisey Realty) — Fri, 13 Jan 2012 12:57:14 -0800

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

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

Linda Lohman- Former Teacher/Broker (Fonville Morisey Realty) — Thu, 12 Jan 2012 16:44:29 -0800

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

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CARY NC Swine Arrested for Hogging Highway!

Linda Lohman- Former Teacher/Broker (Fonville Morisey Realty) — Wed, 30 Mar 2011 12:28:17 -0700

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

APEX NC Premier Three Story Town Home with Garage-Haddon Hall

Linda Lohman- Former Teacher/Broker (Fonville Morisey Realty) — Wed, 23 Mar 2011 16:31:07 -0700

Premier Three Story Town Home with Garage

Overview
Maps
Photos
Features
Neighborhood
Open House

$200,000 Townhouse Main Features 3 Bedrooms
2 Bathrooms
2 Partial Bathrooms
Interior: 2200 sqft
Lot: 0.10 acre(s)
Location

134 Brittingham Loop
Apex, NC 27501
USA

To get updates on open home dates and other property events, please click the "Like" button below:

Linda S. Lohman

Fonville Morisey Realty
(919) 454-6720
LLohman@Fmrealty.com
http://www.LindaLohman.com

Listed by: Linda Lohman

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CARY NC Cary Park Homes for Sale

Linda Lohman- Former Teacher/Broker (Fonville Morisey Realty) — Sat, 19 Mar 2011 09:47:22 -0700

CARY NC Cary Park Homes for Sale is on my list for our tour of Cary NC today. Let me tell you about Cary Park. It was built, beginning in 2000, on 306 acres in south-western Cary NC at the corner of Cary Glenn Drive and Carpenter Firestation Road. Carpenter Firestation Road is off NC 55 near the new I-540 interchange. This convenience allows Cary Park residence the ability to get to the airport and North Raleigh in just minutes.

While moving to Cary NC is a big decision this neighborhood makes it easy. Cary NC Cary Park homes for sale is a unique community because of its many types of housing and numerous price points. Residents are able to choose from apartments, condominiums, town homes (one, two, and three-story), patio homes, single family homes in price ranges right up the million dollar executive homes on the 13 acre pond.

Residents come together at the club house located in the center Cary Park NC homes for sale.

The amenities include:

large clubhouse
indoor and outdoor fireplaces
game roommeeting rooms for their multiple clubs
pools, yes, that’s plural, include a gradual entry pool with a spiral slide. The second pool is a lap pool that the Cary Park swim team keeps busy winning swim meets during the summer months.
playground
sand volleyball court
make-shift basketball court
Greenway, extensive walking trails throughout the neighborhood and surrounding area.

As with most Cary neighborhoods community is the goal and you can feel it and see it while visiting Cary Park.

Both Mills Park Elementary School and Highcroft Elementary School are considered base schools for Cary Park, depending where you live in the neighborhood. West Cary is the Middle School and Panther Creek is the High School.

As a former Wake County Teacher feel free to contact me with any questions aboutWake County Public Schools. My own children attended Davis Drive Elem., Davis Drive Middle, and Green Hope High. All excellent Cary NC schools.

For a Showing of any Cary Park Homes for Sale CALL or TEXT LINDA @ 919-454-6720

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CARY NC Cary Park Homes for Sale was first publishe on CaryRealEstateBlogger .com a blog by LindaLohman

CARY NC Average Appreciation by Subdivision

Linda Lohman- Former Teacher/Broker (Fonville Morisey Realty) — Wed, 16 Mar 2011 14:56:00 -0700

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 February 2010-2011

Linda Lohman- Former Teacher/Broker (Fonville Morisey Realty) — Tue, 15 Mar 2011 09:39:01 -0700

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

Linda Lohman- Former Teacher/Broker (Fonville Morisey Realty) — Mon, 14 Mar 2011 18:45:29 -0700

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:

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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?

Linda Lohman- Former Teacher/Broker (Fonville Morisey Realty) — Mon, 14 Mar 2011 10:20:53 -0700

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”.

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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

Linda Lohman- Former Teacher/Broker (Fonville Morisey Realty) — Sat, 12 Mar 2011 14:49:24 -0800

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

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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

Linda Lohman- Former Teacher/Broker (Fonville Morisey Realty) — Sat, 12 Mar 2011 14:19:46 -0800

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:

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

CARY NC Single Family Homes-$500,000-$700,000

Linda Lohman- Former Teacher/Broker (Fonville Morisey Realty) — Sat, 12 Mar 2011 13:43:04 -0800

CARY NC Single Family Homes $500,000-$700,000

CARY NC Single Family Homes - $500,000-$700,000 feature exquisite executive homes with something for everyone.

More than any other Triangle community Cary offers an extensive selection of single family homes in the $500,000-$700,000 price range. Custom and nationals builders present homes boasting the latest upgrades and styles. National builders like John Weiland Homes and Toll Brothers offer competitive pricing, long standing quality, and selection.

Cary is the housing hub of the economic force RTP (Research Triangle Park). Cary's close proximity makes it an obvious choice for those corporation calling RTP home. New highways like I-540 create easy access to I-40, I-440, NC 55, and NC 64, all arteries to RTP.

When visiting Cary NC or planning a move-up, plan on visiting top neighborhoods in the

$500,000-$700,000 price range such as:

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CARY NC Single Family Homes- $500,000-$700,000 was first published on CaryRealEstateBlogger.com- a blog by Linda Lohman

Cary NC Western Cary Farmer's Market in Carpenter Village

Linda Lohman- Former Teacher/Broker (Fonville Morisey Realty) — Fri, 11 Mar 2011 13:15:42 -0800

Cary NC Western Cary Farmer's Market at Carpenter Village

Cary NC Western Cary Farmer's Market at Carpenter Village is a Saturday morning event. Just after dawn the tents are up and the shoppers are ready for fresh fruit, vegetables, and seafood.

I will tell you I was surprised to see the seafood, fresh shrimp and numerous varieties of fish.

The vendors are family farmers from the Western Cary and the fruits and vegetables are very fresh. I bought a container of huge peaches that were absolutely succulent. The idea of a Farmer's Market really builds community. You may pay a bit more however the quality and freshness is undeniable. The Western Cary Farmer's Market is located just inside of the Carpenter Village community off Morrisville-Carpenter Road.

Make it a date this Saturday and stop by the Western Cary Farmer's Market at Carpenter Village, you're family will thank you!

View Carpenter Village Cary NC in a larger map

For a Showing of any Cary NC Carpenter Village home: Call Linda @ 919-454-6720

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Cary NC Western Cary Farmer's Market at Carpenter Village was first published on CaryRealEstateBlogger.com - a blog by Linda Lohman