Wake Forest NC Real Estate - Weekly Market Report for July 8 - 14, 2012

By
Real Estate Broker/Owner with RED Properties NC #129285
https://activerain.com/droplet/FK6

It has been an extremely busy week in the Wake Forest NC Real Estate Market!  Here is the latest report with the Actives, Solds, Under Contract and Contingent properties - lot's of movement in the New Home inventory!

There were 30 new listings added to the Homes for Sale inventory last week with only 1 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 later this Summer making competition even more fierce!  The price range for new listings ranges from $141,500 - $495,000 with a variety that includes townhomes, starter homes, move up homes and luxury homes. The breakdown of the new listings last week is:

  • Fair Market Resales - 21
  • REOs - 2
  • New Construction - 7
  • NO SHORT SALES!

Twenty four (YES - 24!) homes closed last week in Wake Forest NC.  The Sales Prices range from $45,000 - $856,617 with an average List Price to Sales Price ratio of .98%!  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 - 13
  • New Construction - 10
  • REOs - 1
  • NO SHORT SALES!

Eighteen 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.  Here is the breakdown for Pending Listings last week: 

  • Fair Market Resales - 6
  • New Construction - 11
  • REO - 1
  • NO SHORT SALES!

Quite a few listings, 20 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!

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

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


Welcome to Raleigh NC!

Live, Love, Work and Play...

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

R.E.D. Properties

919-410-8722


To Search for Homes for Sale in Raleigh NC please visit
www.RaleighRed.com

    

 

Discover Wake Forest NC

 


Protected by Copyscape Plagiarism Scanner

 

All content including design, code and any other material that is provided or is part of the site are copyrighted, unless stated otherwise. The copyright forbids you to reproduce or distribute any material anywhere on the Internet or offline (magazine articles, CD etc.) without a written permission and consent from me.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
North Carolina Wake County Wake Forest
Groups:
North Carolina Real Estate
Realestateandfunding
City and State
Dedicated Bloggers
Market Reports
Tags:
wake forest nc real estate market
wake forest nc house chick
wake forest nc homes for sale

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
635,598

Leesa Finley

RED Properties - Raleigh NC Real Estate
Need Help? Email Us!
*
*
*
*

Additional Information