Highcroft Subdivision continues to show strength, even in todays market. With less than a six months supply and only one builder home left (the home is great, the pictures do not do it justice), Highcroft is finding itself.
The interesting part is of the 14 active listings for sale in Highcroft ten have had price reductions in the last 30 days bringing some of them into the outstanding deal range, while others are still "just a bit outside".
There is a foreclosure in Highcroft, but the good news for current residents is that it is fairly priced; for now. I really find this foreclosure interesting, because my research suggests that most of the homes in this development have fairly non-foreclosure type Loan To Values of around 78-80% on average, a very secure area and this home was never on the market prior to foreclosure.
The seven properties that have closed in 2008 in Highcroft have averaged $137.50 per square foot, and averaged $427, 285 sales price.
There are two undercontract both over $574,900 and an average price per sq ft of $165.00 (see the deal above).
To view the active homes for sale in Highcroft Click Here.
ChangingStreets.com specializes in properties along HWY 55 between Apex through Cary to RTP. There are many fantastic neighborhoods. To see Listings go to www.changingstreets.com .If you are relocating to the area and would like to ask questions please feel free to email. Scott.Hoyt@changingstreets.com
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