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Wake Forest NC Real Estate Market - Weekly Report for February 12 - 18, 2012

By
Real Estate Broker/Owner with RED Properties NC #129285

Below is the latest data for the Wake Forest NC Real Estate Market.  The Real Estate activity remains vibrant in Wake Forest NC with a healthy number of New Listings being added each week as well as a good number of closings.  

 

This past week there were 29 Homes for Sale in Wake Forest NC added to the current Inventory.  

 

  • 7 New Construction Homes
  • 16 Fair Market Resales
  • 5 Bank Owned/Foreclosures
  • 1 Short Sales

If you ever want to see Foreclosures in Wake Forest NC be sure to download my weekly report - FOR FREE!  This weeks report has just been uploaded and is available through my websiteIf you are searching in other areas of the Triangle just let me know - I can prepare a custom search for you!

For the Week of February 12 - 18, 2012 there were 9 Homes Sold in Wake Forest NC.  Of those tonly 1 was Bank Owned or a Foreclosure.  That is a distinct point in that most Home Sellers I speak with in Wake Forest think that REO/Bank Owned homes are the ones that are selling the most.

 

  • 4 Fair Market Resales
  • 4 New Construction Homes
  • 1 Bank Owned/Foreclosure

 

8 Homes received Contracts the Week of February 12 - 18, 2012.

 

  • 5 New Construction Home
  • 1 Fair Market Resales
  • 1 Short Sales
  • 1 Bank Owned/Foreclosure

9 Homes in Wake Forest NC had a Status Change to Contingent this past week.  A Contingent Status reflect "conditions to be met" such as "contingent on inspections", "contingent on bank approval if a short sale" or even "contingent on buyers loan approval".  There are a multitude of reasons that a property could be Contingent and one thing to keep in mind is if you see a home that you are interested in and it is "Contingent" you should have your agent verify the reason for the contingency.  You never know, a back up offer could be made and you could end up getting the home!

  • 5 Fair Market Resales
  • 1 Bank Owned/Foreclosure
  • 3 Short Sales

Wake Forest NC Real Estate

For information on ANY Homes for Sale in Wake Forest NC please feel free to give me a call or send me an email - I'd be happy to help!

Posted by
 RED Properties RaleighRed
RED Properties RaleighRed

Wake Forest NC House Chick on Facebook    Leesa Finley on Twitter    Leesa Finley on LinkedIn    Leesa Finley on YouTube    Wake Forest NC House Chick on Google+    Leesa Finley on Flickr    Leesa Finley on delicious


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And the Surrounding Towns and Cities of Wake Forest, Youngsville, Franklinton, Creedmoor, Raleigh, Oxford, Louisburg, Knightdale, Wendell, Garner, Cary, Apex & Holly Springs

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Comments(6)

Jason Gracey
Re/Max Vintage - Cypress, TX
Re/Max Vintage

I like the style of your market report. It's easy for people to digest the information.

Feb 19, 2012 11:50 PM
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

Thanks, Jason, I appreciate the compliment!  I hope business is well in your area and 2012 is treating you fantastic!

Feb 19, 2012 11:52 PM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Leesa - Great local real estate market report. You've given buyers and sellers a lot of good information to use.  Nicely done!

Feb 20, 2012 03:51 AM
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

Thanks, Laura!  I get quite a few questions about weekly activity after my monthly reports come out so I decided to start doing them as well!

Feb 20, 2012 06:47 AM
Thom Abbott
MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA
Midtown Atlanta GA Condos For Sale

Great report Leesa!

Real estate is so different everywhere. I talk to many agents that have more business than they know what to do with.

I think I need to move someplace! LOL!

Hope all is well....I need a trip to the wine shop tomorrow!

 

Feb 20, 2012 12:55 PM
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

Good morning, Thom!  It has been a CRAZY (in a good was) start to 2012.  It is really strange the difference in the markets around the country - you come here ANYTIME, I can point you (and join you) to some fantastic wine shops!

Feb 20, 2012 08:26 PM