Wake Forest NC Real Estate - Closed Sales February 2012

By
Real Estate Broker/Owner with RED Properties NC #129285
https://activerain.com/droplet/xXh

Clearly the market has become more active since the same time period last year in Percentage of List Price received and Pending Sales but remains a little uncertain with both Average and Median Sales Prices.  Another great indicator of a rebounding market is the number of closed sales.


February 2012  had a +12.5% increase in Homes that Closed compared with February 2011.  It is important to keep in mid that the Days on Market though has increased.  So while the homes ARE selling it is taking a touch longer to get them under contract.  Patience is a Virtue!  There are currently 537 homes for sale in Wake Forest NC with over 48% of them being in the sweet spot ($200,000 - $400,000) so competition is fierce.  If you are ready to play ball you better be competitive, look your best, and be aggressive!  If you are thinking of selling your home in Wake Forest NC please give me a call or send me an email - I'd be glad to help!    

Wake Forest NC Real Estate Market
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 RED Properties RaleighRed
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Rainmaker
281,829
Mike Mitchell
Real Living Kee Realty - Saint Clair Shores, MI
REALTOR (R)

That's a nice trend for your area too Leesa! Hope that trend continues upward througout the spring!

Nice job!

Mar 27, 2012 07:39 AM #1
Rainmaker
1,268,136
Al & Peggy Cunningham, Brokers
RE/MAX West Realty Inc., Brokerage - Brampton, ON
Our Family Wants To Help Your Family!

Leesa it is nice to hear that the sales are up. Strange that it is taking longer to sell, but as you said patience is a virtue!

Mar 27, 2012 11:06 AM #2
Rainer
385,327
Sidney Kutchuk
Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745 - Temecula, CA
Property Management & Sales Experts 951-217-6745

Sales are up as well here in Temecula Ca and inventory is down. These are good sign of a market trying to recover in both our markets.

Mar 28, 2012 04:04 PM #3
Rainmaker
3,495,713
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Wake Forest NC market report is looking good. With more sales than the previous year, that's a terrific sign for a real estate recovery. It may take longer to sell, but it's great that they are selling!

Mar 28, 2012 10:04 PM #4
Rainmaker
635,598
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

Spring has definitely exploded here, Mike like so many other places around the country - I DO hope this continues!

Apr 05, 2012 12:53 AM #5
Rainmaker
635,598
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

Hey there, Al & Peggy!  In my opinion the DOM is trending higher due to the hugh inventory - there are SO many choices and the competition is unreal!

Apr 05, 2012 12:55 AM #6
Rainmaker
635,598
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

That's great to hear and Sid and YES - there are signs of recovery all around!  Thank goodness!

Apr 05, 2012 10:46 PM #7
Rainmaker
635,598
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

The market is really rebounding nicely in this area, Larry and Sheila!  It was a very rough last few years!

Apr 08, 2012 10:39 PM #8
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Rainmaker
635,598

Leesa Finley

RED Properties - Raleigh NC Real Estate
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