Wake Forest NC Real Estate - Weekly Market Report for March 4 - 10, 2012

Real Estate Broker/Owner with RED Properties NC #129285

The Wake Forest NC Real Estate Market is definitely shaping up nicely for Spring!  There were MANY new listings that hit the Wake Forest NC Real Estate Market this week and just since mid February there have been 84 homes homes for sale added to the mix!  Competition is ramping up for a stellar Spring season - don't miss it!  If you want to get your home in the best possible condition for the Spring Real Estate Market check out a few of the tips that I offer  - you HAVE to be competitive and on top of your game.    Here are some great tips to get you prepared!

There were 32 fresh new listings added to the Homes for Sale inventory last week with two of them being short sales!  Just an FYI - there have been indicators that a few mores short sales and foreclosures will be hitting the market this Spring making competition even more fierce!  The price range for new listings ranges from $80,000 - $750,000 with a variety that includes townhomes, starter homes and luxury homes.  The breakdown of the new listings last week is:

  • Fair Market Resales - 21
  • REOs - 4
  • New Construction - 5
  • Short Sales - 2

Fourteen (YES - 14!) homes closed last week in Wake Forest NC.  The Sales Prices range from $135,000 - $485,000 with a List Price to Sales Price ratio of .973% - FANTASTIC!  Lesson learned?  Price it properly to start and it will sell!  Here is the breakdown of Homes Sold in Wake Forest NC last week:

  • Fair Market Resales - 6
  • REOs - 1
  • New Construction - 6
  • Short Sales - 1

Nine home sellers in Wake Forest NC received contracts on their homes last week and it really is no surprise that ALL of them hit the mark for the most popular price point in Wake Forest NC.  Do you know what that sweet spot is?  You can check out ALL the price points in Wake Forest NC here - Wake Forest NC Real Estate Price Points - January 2012  Here is the breakdown for Pending Listings last week:

  • Fair Market Resales - 5
  • New Construction - 3
  • REOs - 1

Quite a few listings, 12 to be exact, had their status changed to Contingent last week.  A Contingent Status reflects "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!

The Spring Real Estate Market is going to be stellar this year - don't miss out on this fantastic opportunity to sell your home in Wake Forest NC!  If you are looking for some tips to get your home ready for the Real Estate Market check out Putting Your House on the Market This Spring?  Get Ready NOW!

As I always say, if you would like specific information about YOUR neighborhood just give me a call or send me an email - I'd be happy to help!

Wake Forest NC Real Estate Market Report

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 RED Properties RaleighRed
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Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Competition is ramping up for a stellar Spring season...call Leesa Finley-Wake  to list or sell your property.

Mar 12, 2012 01:19 PM #1
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

I think it is going to be a very welcome year for real estate - if Spring is any indicator!  ;)

Mar 12, 2012 08:03 PM #2
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RED Properties - Raleigh NC Real Estate
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