27519 in West Cary is one of Wake Counties most affluent and is proving to be very stable. This area goes from the Cary/High House area including Preston, to west of HWY 55 to include Cary Park, Copper Leaf, Weycroft, Highcroft and the Reserve. This report includes Single Family Detached Homes only.
January 2009 Sales For 27519
Closed Units: 17
Average Sales Price: $395,000
Average Price Per Sq Ft: $138.00
January 2008 Sales for 27519
Closed Units: 15
Average Sales Price: $399,000
Average Price Per Sq Ft: $139
Pending Sales 2/03/09
Pending Units: 36
Average List Price: $490,000
Average List Price Per Sq Ft: $142
Feb. 2008 Sales
Closed Units: 13
Average Sales Price: $370,000
Price Per Sq Ft: $129
Analysis: M-T-M numbers are outstanding in this climate showing a $1 per sq foot price drop. This is very consistent as the average home sold in Cary 27519 2008 was 2850 sq ft and the average in 2009 was 2862. Numbers are holding up very well and February sales should be an increase. New Build Sales in late 2008 will close and help prop up those numbers.
For Kicks I went back to the heart of the "Bull Market" in 27519, January of 2007. 37 homes sold, the average sales price was $436,504 for a 3022 sq ft home and an average sales price per sq ft of $141.10. A $3.10 drop in price per is not bad. The median price per sq ft was $130.85 vs $140.33 in 2009 an increase!
See every home for sale in west cary at www.changingstreets.com!
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