Cary Bargain Days - a window of opportunity for home buyers in this highly sought after town.
Those familiar with Raleigh-Durham and Research Triangle Park are also familiar with Cary, NC. The town of Cary boast a population of just over 100k and has received many accolades such as one of the safest town to live, one of the fastest growing towns, and overall best place to live.
When you visit Cary, you immediately know there is something different. You may not find oversized, brightly colored billboards & signs or lawn art. But, what you will find is miles of green walking trails, lots of friendly smiling faces, and a myriad of community activities.
These things and more have made Cary a very desirable place to live & play. In turn, for approximately the past 10 years, Cary's attraction has given homeowners a very nice return on their home investment making it a little challenging for some to buy and live in this beautiful community.
Finally, those wishing to live in this highly acclaimed town, have a window of opportunity to invest in one of the fastest growing and most valued towns. Cary is still experiencing growth and appreciation but, in some cases, at a slower rate. However, there are bargains to be found as well. If you're looking for a home over $400,000 you may just find a great deal. But don't delay, if a home is priced right and is model ready, you may find yourself in the middle of multiple offers.
Below are some home price statistics for Cary:
Average Cost of 3BR, 2BA, detached single family home:
2007 - Approximately $242,000
2008 - Approximately $244,000
December 19, 2008 - January 17, 2009 - approximately $261,000
Average Cost of 4BR, 2 BA, detached single family home:
2007 - Approximately $324,000
2008 - Approximately $317,000
December 19, 2008 - January 17, 2009 - approximately $346,000
While the number of sales in Cary have decreased, the sale prices show the average sale price has increased. Homes in the $200-$300 price range are very popular while some homes over $400,000 may take a little longer to sell and/or are having to reduce the sale price. Recently, as mentioned before, there are some homes receiving more than one offer. From experience, those homes are the ones priced right and are in move-in ready condition. With interest rates and home prices low, there are true signs of an improving market for Cary.
Top selling Large neighborhoods/subdivisions in Cary are: Amberly, Belmont, Braeloch, Brookgreen, Brookstone, Cameron Pond, Carpenter Village, Cary Park, Copperleaf, Fieldstone Village, Harmony, Highcroft, Kildaire Farms, Lochmere, MacArthur Park, MacGregor, Oxxford Hunt, Park Village, Preston, Regency, Royal Oaks, Scottish Hills, Stonewater, Wellsley, and West Lake.
Smaller but, popular neighborhoods/subdivisions to look for are: Bishops Gate, Cambridge, Charleston Village, Cotswold, Glenkirk, Kensington, Picardy, Sherwood Green, Reserve, Weatherstone, Weston Pointe, Windermere, and Wyndfall.
There are so many wonderful neighborhoods in Cary and all couldn't be mentioned. The important thing is finding just the right neighborhood for the right price.
*Information above is the "opinion" of author based on research from the Triangle Multiple Listing Service and other resources. It is recommended anyone looking to purchase or sell a home work with a real estate professional that can target the needs of the individual buyer and seller and give data on their specific location and criteria.
Contact Carla Freund, Broker, Fonville Morisey Realty/ A Long and Foster Company, Licensed Realtor® in North Carolina at 919-602-8489 to list your property for sale or to purchase a property in Cary, Raleigh, Morrisville, Apex, Fuquay-Varina, Garner, Holly Springs, Durham, Chapel Hill, Johnston County, and the surrounding areas.
Now accepting referrals. **Not meant as a solicitation to individuals already working with a Professional Real Estate Agent.**