Wildwood Green Home Sales Market Update

Showing History for 2010 for Zip Code 27613

YOUR SEARCH SUMMARY       Price Range 325,000  To  575,000   Date Range 1/01/2010 12/31/2010   Increments 10000   Zip Codes       REPORT DETAILS     Report Date 1/20/2011 10:36:40 AM Report For NANCY PIACENTE Report Title Showing Report Report Type Market View Days In Report 365   1/1/2010  –  12/31/2010
	Summary   Total Between $325,000.00 And $575,000.00 Number Of Showings For This Report % At Price Level Monthly Avg Weekly Avg Showings Per Listing Monthly % Inc/Dec Prior Month Showings     7799       649.6     149.6     17.7         Price Analysis   Price Range Number Of Showings For This Report % At Price Level Monthly Avg Weekly Avg Showings Per Listing Monthly % Inc/Dec Prior Month Showings $320001 To $330000   459     5.9     38.2     8.8     11.2       $330001 To $340000   734     9.4     61.1     14.1     14.4       $340001 To $350000   746     9.6     62.1     14.3     13.8       $350001 To $360000   407     5.2     33.9     7.8     11.3       $360001 To $370000   507     6.5     42.2     9.7     10.6       $370001 To $380000   367     4.7     30.6     7.0     8.7       $380001 To $390000   498     6.4     41.5     9.6     10.2       $390001 To $400000   744     9.5     62.0     14.3     12.4       $400001 To $410000   132     1.7     11.0     2.5     7.3       $410001 To $420000   366     4.7     30.5     7.0     9.9       $420001 To $430000   457     5.9     38.1     8.8     10.4       $430001 To $440000   231     3.0     19.2     4.4     8.3       $440001 To $450000   315     4.0     26.2     6.0     11.3       $450001 To $460000   86     1.1     7.2     1.6     7.8       $460001 To $470000   222     2.8     18.5     4.3     12.3       $470001 To $480000   213     2.7     17.7     4.1     9.7       $480001 To $490000   208     2.7     17.3     4.0     9.0       $490001 To $500000   286     3.7     23.8     5.5     8.7       $500001 To $510000   80     1.0     6.7     1.5     11.4       $510001 To $520000   100     1.3     8.3     1.9     11.1       $520001 To $530000   179     2.3     14.9     3.4     9.9       $530001 To $540000   67     0.9     5.6     1.3     6.7       $540001 To $550000   178     2.3     14.8     3.4     9.9       $550001 To $560000   41     0.5     3.4     0.8     5.9       $560001 To $570000   68     0.9     5.7     1.3     11.3       $570001 To $580000   108     1.4     9.0     2.1     10.8           7799     100.0

Cornerstone Park 2010 Home Sales Stats

TMLS Trends

YOUR SEARCH SUMMARY       Price Range 140,000  To  390,000   Date Range 1/01/2010 12/31/2010   Increments 10000   Zip Codes       REPORT DETAILS     Report Date 1/20/2011 10:22:25 AM Report For NANCY PIACENTE Report Title Showing Report Report Type Market View Days In Report 365   1/1/2010  –  12/31/2010
	Summary   Total Between $140,000.00 And $390,000.00 Number Of Showings For This Report % At Price Level Monthly Avg Weekly Avg Showings Per Listing Monthly % Inc/Dec Prior Month Showings     14869       1238.4     285.2     17.0         Price Analysis   Price Range Number Of Showings For This Report % At Price Level Monthly Avg Weekly Avg Showings Per Listing Monthly % Inc/Dec Prior Month Showings $140001 To $150000   611     4.1     50.9     11.7     10.0       $150001 To $160000   836     5.6     69.6     16.0     10.0       $160001 To $170000   478     3.2     39.8     9.2     8.7       $170001 To $180000   866     5.8     72.1     16.6     12.0       $180001 To $190000   534     3.6     44.5     10.2     11.6       $190001 To $200000   792     5.3     66.0     15.2     13.2       $200001 To $210000   800     5.4     66.6     15.3     17.0       $210001 To $220000   644     4.3     53.6     12.4     11.5       $220001 To $230000   858     5.8     71.5     16.5     14.5       $230001 To $240000   451     3.0     37.6     8.6     12.5       $240001 To $250000   687     4.6     57.2     13.2     11.5       $250001 To $260000   296     2.0     24.7     5.7     9.3       $260001 To $270000   552     3.7     46.0     10.6     15.8       $270001 To $280000   415     2.8     34.6     8.0     8.8       $280001 To $290000   565     3.8     47.1     10.8     10.7       $290001 To $300000   899     6.0     74.9     17.2     12.7       $300001 To $310000   213     1.4     17.7     4.1     6.9       $310001 To $320000   397     2.7     33.1     7.6     10.2       $320001 To $330000   657     4.4     54.7     12.6     12.9       $330001 To $340000   734     4.9     61.1     14.1     14.4       $340001 To $350000   746     5.0     62.1     14.3     13.8       $350001 To $360000   407     2.7     33.9     7.8     11.3       $360001 To $370000   507     3.4     42.2     9.7     10.6       $370001 To $380000   367     2.5     30.6     7.0     8.7       $380001 To $390000   498     3.3     41.5     9.6     10.2

 

Great 2 Bedroom Condo, Walking Distance to Shopping and Restaurants

 

3249 Mill Run

Raleigh, 27612

Mill Ridge Condominiums

$88,900

Fantastic Price for an Awesome 2 bedroom, 2 full bathroom condo conveniently located near Rex Hospital, RBC Center and walking distance to Harris Tetter and restaurants! Wood flooring in living/dining area, Berber carpet in bedrooms, masonry fireplace, kitchen has pass-thru to dining area and tile backsplash. Enjoy the greenway view from your patio. Refrigerator, washer & dryer convey. Move-in condition! Call Nancy, Broker, ChangingStreets.com (919) 219-1214 to schedule a showing today!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Downtown Raleigh Condos For Sale!!

The rejuvenation of Downtown Raleigh’s shops, businesses and restaurants has led to new and renovated condominiums with  gorgeous views of downtown and at the heartbeat of everything!!!

WEST

What a skyline view!! Secured entry & parking, doorman in the lobby, stainless, hardwoods & granite are standard, roof-top pool/clubroom/fitness center…all of this within walking distance to all your favorite spots in Glenwood South!

1, 2 & 3 bedroom units available, 700 – 1800 square feet

$205,000 – $445,000

510 Glenwood

In the heart of Glenwood South!  Gourmet kitchens, fireplaces and elevator. Covered parking and secured entry! Shops, bars, & restaurants just a minutes walk! The Globe, Red Room Tapas and Bogart’s Amer Grill at your doorstep!

1 & 2 bedrooms units available, 900 – 1300 square feet

$225,000 – $375,000

 

The Dawson on Morgan

Located at the intersection of three of Downtown’s districts — Glenwood South, The Warehouse District, and City Center.  Secured entry and parking, guest and resident lobbies, additional storage and restaurants in the building!

2 bedroom/2 bathroom units available, 1600+ square feet

Starting at $448,000

Paramount

Located on the Northern section of Glenwood South. Features include a 5th floor pool, fitness center, community room, secured entry, covered parking and a skyline view from many units!

1 & 2 bedroom units available; 1000-1500 square feet

$284,900 – $395,000

The Cotton Mill

Own a piece of history! 100 year old textile mill converted to upscale condos within walking distance to Seaboard Station. All brick exterior, warehouse-style interiors, covered parking, additional storage in basement.

1, 2 & 3 bedroom units available; 700 – 1700 square feet

$191,900 – $300,000

                         

The Quorum Center Condos

Located at Jones and Harrington, the Quorum offers residences, offices, retail and conference center. Features include a pool, terraces, rooftop garden, parking and breathtaking views!

1 & 2 bedroom units available; 700 – 2200 square feet

$299,000 – $995,000

Hudson

Formerly the downtown Hudson Belk department store built in the 1930’s on Fayetteville St, these spacious contemporary condos offer a fitness center, patios, secured entry and covered parking.

1 & 2 bedroom units available; 1200-1400 square feet

$262,500 – $301,035

 

For a complete list of available condos and new projects, please call Nancy Piacente of ChangingStreets.com at (919) 219-1214.

Dear Santa, I Would Like A House For Christmas!

Homes $100,000 and Under

 

2039 Turtle Point Drive

Hedingham

End Unit Townhome

$100,000

 

1312 Hilbrow Lane #302

Wynde Point Condominiums

3rd Floor Condo

$87,900

 

2011 Quaker Landing #303

Wellington Woods

3rd Floor Condo

$69,900

Homes $101,000 – $200,000

 

1832 Natalie Brook Way

Brook Forest

3 Floor, 2 Bedrooms with Garage

$133,700

7305 Valley Cross Circle

Raintree

4 Bedrooms, 3 Bathrooms, .44 acre lot

$158,000

9221 Sayornis Court

Windsor Forest

3 Bedrooms, 2 Bathrooms, 2 Car Garage

$198,500

Homes $201,000-$250,000

10821 Cokesbury Lane

Falls River

3 Bedrooms, 2 Bathrooms, 2 Car Garage, Community Pool

$205,000

11912 Radner Way

Harrington Grove

3 Bedrooms, 2,5 Bathrooms, Updates Galore!

$219,900

10658 Cardington Lane

Bedford

3 Bedrooms, 2.5 Bathrooms, Bonus & more

$248,900

6 Most Expensive Foreclosures In Wake County

 1400 Alpine Creek, Raleigh, 27614

$3,200,000

 

12501 Village Springs Drive, Raleigh, 27614

 $1,260,000

 

2401 Victoria Park Lane, Raleigh, 27614

$999,900

 

105 Baybrook Court, Cary, 27518

$995,000

 

2009 Strewart Street, Fuquay Varina, 27526

$895,500

 

2908 Ridgepine Lane, Apex, 27502

$809,900

Downtown Raleigh’s Mordecai Haunted House

Within the hustle, bustle of Downtown Raleigh is the Mordecai Plantation located between Person Street and Wake Forest Road.. The structure is said to be the oldest in the area being built in the mid 1780s. Originally constructed by Joel Lane for his son, Harry, it was named after his granddaughter’s husband, Moses Mordecai. Moses Mordecai had 3 children with his wife Margaret and 1 with his second wife, Ann and in his deceased wife’s honor named the child Margaret. In 1824 Moses Mordecai passed away leaving the home to his family.

Mary Willis Mordecai Turk, a descendent of Moses Mordecai and one of five generations of family members to acquire possession of the structure. She passed away on April 17^th, 1937 and she is believed to still haunt it to this day. She has appeared wearing a gray, 19^th Century Dress and can be heard playing piano in the downstairs drawing room. It is said that if anyone makes an unkind comment of Mary’s photo, the photo is slammed down. Wow, guess Mary wasn’t very attractive!

In 1964, the house was willed to the City of Raleigh along with the surrounding land which makes up Mordecai Historic Park and is open to the public, so, if you dare….

BTW, did you know that in North Carolina, a seller does not have to disclose that the home they are selling is haunted, or a death or murder occurred inside due to it not being a material fact????

Why Move To Raleigh/Wake County? – Raleigh Accolades

#1 in Quality of Life among Major Markets (Raleigh-Cary) Portfolio.com, May 2010

#3 among Best Places for Business and Careers (Raleigh-Cary) – Forbes.com, July 2010

#3 Best Market for Young Adults (Raleigh-Cary) – Portfolio.com, March 2010

#3 Metro Area for Overall Well-Being (Raleigh-Cary) – Gallup-Healthways Well-Being Index, February 2010

#8 Best Place to Live (Raleigh-Cary) – RelocateAmerica.com, April 2010

#15 in Economic Strength Rankings (Raleigh-Cary) – Policom Corporation, May 2010

#4 Among America’s Smartest Cities (Raleigh-Cary) – CNNMoney.com, October 2010

#1 Among 10 Great Cities for Raising Families (Raleigh) – Kiplinger’s, August 2010

#20 Fastest Growing Incorporated Place in the U.S. over 100,000 Population (Raleigh) – U.S. Census Bureau, Population Division, June 2010

#1 for Top Public Schools: Large U.S. Cities (Wake County Public School System) – greatschools, August 2010

Is it possible to have too much of a good thing? Nope! If I had to do it all over again, I wouldn’t change a thing!

Wake County Sales Data and Random Thoughts

Home sales in Wake County over the last couple of months have really slowed. Sold units will be down around 33% Q3 of 2010 vs Q3 2009. The bizarre part of that equation is that the average sales price is up over 9%.

That’s correct sales are down significantly and the average sales price is up, this fly in the face of price reductions! Yes even price per square foot is up this year. So what does this say about all the price reductions in your neighborhood? It is driving me crazy in mine, the highest priced homes keep selling and the agents keep dropping prices on the other homes? What are you going to do….BUY!

Panicked Sellers + Panicked Agents + Reckless Price Reductions + Historical Low Interest Rates = Tremendous Opportunity

There is nothing fundamentally wrong with the Wake County Market. As a matter of fact fundamentally it is one of the strongest markets in the United States yet agents and sellers are out there dropping prices like they are in 2006 Detroit. Homes that sold for $149 a square foot are now on the market for $115. You can really make up ground if you are selling on the inexpensive end and moving up to a higher priced or larger home.

Ok, lets get back to numbers sales numbers, home sales quarter to date are 2019 in Wake County vs. 3582 for third quarter 2009. We will end up around 2450 sales for the quarter when it is all said and done.

Despite the numbers being down so drastically two things jump out at me that fly in the face of what we are hearing on the street; the average sales price of a home sold in Wake County has risen to $262,747 vs. $238,498 and the number of foreclosure sales has pretty much stayed the same, by the end of the quarter I estimate an increase of foreclosure sales of 44 units. Granted this is larger by percentage and that 44 units is a 30% increase but we are talking 70 foreclosures a month out of 800+ sales. There is not a county in the country that would not love those numbers!

Even the foreclosures are increasing in price! The average sales price of a foreclosure in Wake County was $178,619 in Q3 2009. In Q3 2010 the average sales price of a Wake County foreclosure is $189,433. A six percent increase.

Do You Know If The House You Are Going To Sell or Buy Is In The RDU Flight Path?

Some of the most popular residential areas in Durham and Northwest Raleigh are much sought after due to their convenient locations near RTP, shopping, restaurants and great schools but they are also located very close to RDU Airport.

RDU has worked with the FAA and surrounding neighborhoods and have adopted a Noise Abatement Policy that reduces aircraft noise and promotes compatible land uses. They have also provided some information to the public on their website to assist home sellers and buyers including Aircraft Noise Notifications for Durham and Wake Counties with contour maps. If your home is in the contour area, an Aircraft Noise Notification must be presented as disclosure for a prospective buyer. There is one exception to this and that being a disclosure is not required for new homes being sold for first time occupancy.

Tips provided by RDU include taking at least two hours at the home site to observe aircraft operations in each operational mode. There are two modes for aircraft operations at RDU. When the winds are south, southwest or west, the planes depart towards Morrisville and Cary and arrive over north Raleigh. When the winds are north, northeast or east, the planes depart towards north Raleigh and arrive over Cary and Morrisville. The noise impact will be different for each operational mode at the home site. A good time to observe is between 4 p.m. and 6 p.m. on weekdays. Most planes fly during the day and early evening. Some flights occur late at night. Weekends may be busy too. Personal observations are important. However you probably don’t have the time to observe at all hours. Airplanes fly at all hours.

There are some people that have lived in the flight path for years and it doesn’t bother them.  They feel that having a convenient commute to RDU or easy access to Brier Creek, I-540 and entertainment is more important to them.  I, myself, lived in Harrington Grove for over 8 years and was never fazed by the aircraft noise.

If you are concerned about the impact of aircraft noise before selling or buying your new home? Call your ChangingStreets.com agent or the RDU Noise Officer at (818) 840-2100 to have your questions answered regarding noise impacts on your current or future property.

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