Apex, NC: What are homes selling for in Apex, NC?

Apex, NC is a big relocation area in addition to the Cary area. Many companies are moving their headquarters to Cary, NC or Research Triangle Park. Apex also offers a great quality of life and wonderful lifestyle. It is becoming well known for its quaint revitalized downtown area. It was also most recently voted as the Apex NC #9 Best Places to Live by Money magazine.

What some people don't consider is Real Estate is very regional. In our area, it can even come down to the very neighborhood and sometimes the different builders or levels within a neighborhood. It is important you work with a qualified Real Estate Professional who understands Real Estate statistics and can use every bit of information provided to not only help you get the best price when purchasing a home but, to help you not miss out on a great home.

When I work with people relocating to the area, I ask a lot of questions. The answers will help me show prospective buyers home that best meet their criteria and it will help me explain how our market is compared to where they're coming from.

Apex is a smaller town and never truly had a huge bubble, it wasn't hit as hard during the recession. Sellers did take a hit but, nothing like other NC towns and especially not like other states such as FL, NV, CA, etc. It is important a homebuyer is educated in Real Estate before purchasing in this area. It will save them time, money and aggravation if they have a Realtor who understands the market.

Below is a rough example of Real Estate Sales in the Apex NC area. You may be surprised at what percentage homes are selling for. It is also interesting to see where the sweet spot is and where the dips are.

You can clearly see that most homes in Apex NC are selling for 98% - 99% of of FINAL list price. This past year, Apex did not have Resale homes selling at $1m and up. This shows us that most homes are priced correctly.

Also notice how the days on the market fluctuate. This too demonstrates sweet spots for home buyers.

These statistics are for the entire town of Apex. The numbers will vary based on many things such as schools, area, neighborhood and more. There are cases where homes are selling for more than 100% of FINAL list price.