Carolina Preserve at Amberly – located in west Cary, NC 27519

The Carolina Preserve is a 55+ active adult community where 100’s of retirees and adults have relocated. Residents of this community enjoy the massive clubhouse amenities such as indoor and outdoor pools, fitness center, social lounge area, sports room, bocce courts, putting green, tennis courts, lake, walking trails, etc.

 

This community is in its final months of completion from a built out point of view. Twelve (12) new construction properties sold in this community as compared to 58 resale properties during the past year.

My most recent sale in the Carolina Preserves was a 4,000 SF property that backs up to the Army Corp of Engineers land. It sold for close to $500,000. This was the highest price sale in the past year. 

Since this is a very popular and high demand community the average days on market, i.e. the time it takes to get the property under contract is just 43 days. That’s fast! 

Carolina Preserve sales statistics for the past year:

• Closed Sales: Seventy (70) properties sold
• Sales Price Range: Max. = $497,000; Min. = $220,000; Avg. = $316,971; Medium = $320,344 
• Sales Price / Sq-Ft: Max. = $220/SF; Min. = $102/SF; Avg. = $168/SF; Medium = $171/SF
• Home Size: Max. = 4,416 SF; Min. = 1,244 SF; Avg. = 1,949 SF; Medium = 1,741 SF

On my real estate website ( www.tarsaves.com ) you can find all available Carolina Preserve properties.

  

CLICK HERE for all available Carolina Preserve Properties. 

If you’d like to preview a Carolina Preserve property give us a call or text at (919) 342-0333 or email Jeff@TARsaves.com   

Wellsley Community – Located in west Cary (27519):

During the next several month’s I will be posting sales statistics and other relevant information for many west Cary subdivisions. Since I've lived in Wellsley for the past 20 years this seemed like the best starting point.

• 2013 Closed Sales: Thirteen (13) detached homes sold
• Sales Price Range: Max. = $475,000; Min. = $327,000; Avg. = $380,115; Medium = $379,000 
• Sales Price / Sq-Ft: Max. = $152.47/SF; Min. = $110.72/SF; Avg. = $136.77/SF; Medium = $140.36/SF

Wellsley is a very popular subdivision. The demand for properties in Wellsley continues to be very high, this is why the days on market (DOM) i.e. the time it takes to get under contract has been as low as 1 day (one of my listings) and the average days on market last year was just 24 days, less than a month to find a buyer!

Many Wellsley homeowners were attracted to this community because of the school assignments and the fact that the original developers and home builders left so many trees in place as possible.

Location couldn't be better. Wellsley is situated between Davis Drive & Rt. 55 off of High House Road. There are many wonderful restaurants close by within walking distance or a short 10 minute drive. 

Commutes to Research Triangle Park are a breeze. Lake Jordan is also a short drive where you’ll enjoy the water (swimming, boating, fishing) and camping.     

    

On my real estate website ( www.tarsaves.com ) you can find all available Wellsley properties.

CLICK HERE for all available Wellsley Properties. 

If you’d like to preview a Wellsley property give us a call or text at (919) 342-0333 or email Jeff@TARsaves.com   

North Carolina Triangle Area Real Estate Market Update for 1st Quarter 2014

This is my 1st real estate blog post and it is long overdue. I'll try to post often to keep triangle area buyers and sellers current on the local real estate market.

Highlights of the North Carolina Triangle Area Real Estate Market:

• Inventory of homes for sale - despite the fact that we live in a hot Raleigh Metro real estate market sellers are not coming to market and taking advantage of quick sales. Inventory is down 3% as compared to one year ago however we do see a 6% up tick in listings of homes for sale from Feb to Mar of 2014, this increase is typical leading into the Spring. 
• Pending sales (i.e. homes under contract) - we think the bad weather contributed to lower pending sales in Jan & Feb but are very happy to see a 35% increase in Mar 2014 homes under contract as compared to Feb 2014. This is the largest bump in pending sales we've seen in about seven years. 
• Closed sales - we are flat as compared to a year ago. Given the large increase in pending sales we will see closed sale jump nicely in the very near term. 
• Average days on market (DOM) - sellers if your house is priced correctly and in move in condition the days on market will be less than a month. The homes that remain on the market that are not in move in condition or are over priced skew the DOM metric. 
• Average sales price - when inventory goes down and sales go up we see sales prices go up. The Triangle Area sales prices jumped 7% year over year.  

Homeowners if you are thinking about selling we're here to help you get to market. The timing is perfect to sell so give us a call 919.342.0333 or email jeff@tarsaves.com 

Buyers check out our real estate website www.tarsaves.com 

 

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