CaryRealEstate.com | Cary NC | Local Specialist for Cary Real Estate

Newest Listings – Cary Homes For Sale

David Williams — Mon, 08 Mar 2010 23:56:15 +0000

Here at CaryRealEstate.com we have a new feature for our website – this post will automatically show the newest listings of homes for sale in Cary – homes that have been listed within the past 7 days.

Cary Real Estate Market Update: February 2010

David Williams — Wed, 03 Mar 2010 02:59:32 +0000

February Home Sales and Listings Report for Cary, North Carolina

Cary Real Estate Market Update - February 2010

Category	# of Homes	Avg Price	Avg Days on Market	Avg Price Per Sqft	Avg Size
Homes For Sale - End of Feb	801	$441,331	116	$139.09	3,061
New Listings	227	$415,271	13	$134.58	2,953
Homes Under Contract	107	$377,348	87	$128.05	2,758
Homes that Closed	70	$332,421	104	$123.78	2,650

Market Data reflects Single Family Detached Homes with a Cary address – not condos and townhomes – CaryRealEstate.com pulls data from the Triangle MLS

Thanks for Reading our Cary Real Estate Blog. Post Authored By: David Williams

David’s a Licensed North Carolina Realtor & The Voice of CaryRealEstate.com

Garmin Opening New R&D Office in Cary, North Carolina

David Williams — Thu, 25 Feb 2010 21:38:38 +0000

Garmin's New Cary Office Space in Regency Park

Garmin is opening their first office in the Cary -Raleigh-Durham area of NC – they have chosen the very popular Regency area in Cary – Garmin has leased about 14,000 square feet in one of the Regency office buildings – according to the Garmin press release it will be a research and development facility. The new Garmin jobs will mostly be in the engineering field.

Garmin plans to occupy their new Cary office in April – the Cary Town Council is scheduled to discuss a possible financial incentive to Garmin for the new Cary office.

We welcome Garmin to the Cary area – what a smart choice for their new office!

Thanks for Reading our Cary Real Estate Blog. Post Authored By: David Williams

David’s a Licensed North Carolina Realtor & The Voice of CaryRealEstate.com

Four Wheel Driving on the Crystal Coast Beaches of North Carolina

David Williams — Sat, 20 Feb 2010 19:47:33 +0000

David Williams takes a break for a little fun down at Atlantic Beach – Video shot while driving on Atlantic Beach, North Carolina. You can purchase a permit to drive on the beach between November and Mid March from the Atlantic Beach police department. Atlantic beach is a short drive from Cary, North Carolina – about 2.5 hours – I 40 east to Hwy 70 – cross over the bridge in Morehead and you’re at the beach!

Thanks for Reading our Cary Real Estate Blog. Post Authored By: David Williams

David’s a Licensed North Carolina Realtor & The Voice of CaryRealEstate.com

Cary NC Group Wins Super Bowl Commercial Contest for Doritos

David Williams — Wed, 10 Feb 2010 04:15:58 +0000

Congratulations to local Cary resident Josh Svoboda & his partners that won $650,000 for their winning Doritos Super Bowl Commercial - “Underdog”!

I was pulling for the group not only because of their local Cary ties but due to my friendship with Josh’s mother Cindy and his brother DJ – I volunteer with both of them at Hope Community Church.

Josh isn’t the only one in the family with creative talent – Josh’s autistic brother DJ travels on a regular basis, sharing his testimony and his story of how he has embraced his autism by creating his very own company – myimagiville.com

The winning commercial was filmed at Cary’s Fred G. Bond Park off High House Road. The group also won a runner-up spot for ‘Kids These Days” – filmed at Cary’s Waverly Place Shopping Center.

Thanks for Reading our Cary Real Estate Blog. Post Authored By: David Williams

David’s a Licensed North Carolina Realtor & The Voice of CaryRealEstate.com

Cary’s Top Selling Neighborhoods – January 2010

David Williams — Thu, 04 Feb 2010 22:24:54 +0000

The Cary Real Estate Market had almost 100 homes go under contract in January – Which neighborhoods sold the most homes?

1. Greystone: 7 Homes Under Contract in January

1. StoneWater: 7 Homes Under Contract in January

3. Harmony: 5 Homes Under Contract in January

What do these neighborhoods have in common? All in West Cary – Priced between $200,000 and $600,000 – All New Construction! That’s right 18 of the 19 home sales in these 3 neighborhoods were new construction! So while the number of homes being built and sold are down from 2006 record numbers, new construction is still alive in Cary North Carolina! Almost 1 out of every 2 homes that went under contract in January was New Construction!!!

More About the 3 Neighborhoods:

Greystone is built by M/I Homes. Price Range: 300k – 500k. Average Price: 360k.

Search Greystone Homes For Sale

StoneWater is built by Lennar. Price Range: 200k – 450k. Average Price: 315k

Search Stonewater Homes For Sale

Harmony is built by Pulte. Price Range: 300k-550k. Average Price 375k

Search Harmony Homes For Sale

Click here to view the embedded video.

Cary Real Estate Market Report – January 2010

David Williams — Wed, 03 Feb 2010 23:18:43 +0000

The Cary Real Estate Market in January showed definite signs of improvement from a stabilization standpoint. Compared to this time last year, the number of homes for sale are down while the number of home sales and closings are up. The average sales price is down roughly $20,000.

Total # Cary Homes For Sale as of January 31, 2010: 739

Cary Homes For Sale at the end of January past 5 years

Number of New Listings – Cary Homes For Sale – January 2010: 244

New Listings in January of Cary Homes For Sale Previous 5 Years

Cary Homes For Sale that went Under Contract – January 2010: 94

Number of Homes Under Contract in January Past 5 Years

Closed Cary Home Sales Report – January 2010: 71 Homes Closed

Cary January Closings Data Compared to Previous 5 years

Curious what we mean by Cary Home Sales and where our data comes from?

Thanks for Reading our Cary Real Estate Blog. Post Authored By: David Williams

David’s a Licensed North Carolina Realtor & The Voice of CaryRealEstate.com

American Tobacco Trail – Cary – White Oak Park Access

David Williams — Thu, 28 Jan 2010 21:41:01 +0000

What is the American Tobacco Trail?

It’s 22 miles of trails running from Cary to Durham – the trails are built over an old abandoned rail road track that dates back to the early 1900’s. The American Tobacco Trail’s almost perfectly flat – which makes sense when you think of it being where a railroad track used to be – along the trail you will find yourself in tunnels, under highways & on bridges.

The trail is open to walking / running / hiking / bicycle riding and horse back.

One of the American Tobacco Trail public access points is in Cary – on White Oak Church Road – this site which is right around the corner from Cary’s upscale Copperleaf Community, has restrooms and ample parking. If you haven’t explored the American Tobacco Trail you’re missing out – it’s incredible to think you can start out in Cary and ride your bike 20 plus miles and end up at the Durham Bulls Athletic Park! A special thank you to the Triangle Rails to Trails Conservatory Organization for their hard work making this dream become a reality – we are truly blessed here in the Cary area with the wonderful parks & trails!

View American Tobacco Trail / White Oak Park on Google Map

Thanks for Reading our Cary Real Estate Blog. Post Authored By: David Williams

David’s a Licensed North Carolina Realtor & The Voice of CaryRealEstate.com

FHA Changes-Impact on Cary Homes For Sale

David Williams — Tue, 26 Jan 2010 00:57:44 +0000

David Williams (L) w/ FHA Commissioner David Stevens

Back in December I blogged about possible upcoming changes to FHA loan requirements – well it’s arrived – The FHA recently announced major changes to their requirements for buyers/borrowers. These increased standards could reduce the number of buyers that qualify to purchase Cary Homes For Sale. The changes are aimed at shoring up the FHA’s long term stability – which I think is definitely positive in the big picture/long term - it’s the individual buyers and sellers on a local level, like right here in Cary that will see and feel the impact – anytime the requirements become stricter for securing home loans the available buyer pool is reduced. However one of the major contributors to the recent housing market downturn was buyers purchasing too early or too high. The current FHA commissioner David Stevens is from the real estate industry, having worked on both the mortgage side and brokerage side – I believe he brings a common sense mindset to the FHA restructure.

FHA’s Changes to Borrower Requirements

The upfront fee charged for the mortgage insurance premium (MIP) will be raised to 2.25%
The Seller contribution (closing costs etc) is reduced to 3% instead of previous 6%
To Qualify for a 3.5 % minimum down-payment requires credit score of 580 or higher
Less than 580 Credit Score will require 10% or more down payment
Several new lender requirements aimed at protecting the borrower

Like to read detailed FHA policy? FHA Commissioner David Stevens recently wrote an article covering the FHA changes.

Thanks for Reading our Cary Real Estate Blog. Post Authored By: David Williams

David’s a Licensed North Carolina Realtor & The Voice of CaryRealEstate.com

Cary NC Homes For Sale: 2009 Average Days on Market Report

David Williams — Wed, 20 Jan 2010 00:13:09 +0000

Cary North Carolina Home Sellers experienced a fairly stable average number of days on the market for 2009 – for the year the average was 121 days on market – or approximately 4 months.

While this is a bit longer than years past it’s still a very robust market – especially compared to other parts of the country. It’s still crucial to price your home correctly in the beginning – research clearly shows that homes priced correctly initially sale faster and at a much higher % of asking price than sellers that choose to overprice and then take price reductions over time – those home sellers experience a longer time on the market and usually end up selling for less than they could have if priced correctly at the beginning.

Thanks for Reading our Cary Real Estate Blog. Post Authored By: David Williams

David’s a Licensed North Carolina Realtor & The Voice of CaryRealEstate.com