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Hello friends, welcome to February!
I'm happy to report that 2023 is off to a great start and our team saw a productive January. We welcomed new out-of-town clients to our area and helped our local buyers and sellers who were ready to make a move in the new year. Thanks to being a great place to live (see article below) and stabilizing interest rates, we believe that our 2023 local real estate market will continue to thrive, without the frenzy of 2021 (thank goodness!). Spring is right around the corner and we all know that there's no better place to be than springtime in NC!
And don't forget, Valentine's Day is coming soon.
Tuesday, February 14th. ❤
We have some exciting up-coming events, local news, and our newest listings for you. But first, lets take a look at the local real estate market.
We now have the full-year statistics for 2022 from the Triangle MLS. Let's compare 2021 and 2022. You will see that both listings and sales are down, but sale price are up for both the entire Triangle and the Cary area.
(Entire Triangle - Full Year)
NEW LISTINGS: 50,660 vs 47,341 -6.6%
CLOSED SALES: 47,836 vs 41,542 -13.2%
MEDIAN SALE PRICE: $345,000 vs $402,000 +16.5%
PERCENT OF LIST PRICE RECEIVED: 102.9% vs 102.2% -0.7%
DAYS ON MARKET UNTIL SALE: 13 days vs 16 days +23.1%
(Cary/Apex/Morrisville only - Full Year)
NEW LISTINGS: 5,652 vs 4,857 -14.1%
CLOSED SALES: 5,659 vs 4,347 -23.2%
MEDIAN SALE PRICE: $465,000 vs $555,000 +19.4%
PERCENT OF LIST PRICE RECEIVED: 104.5% vs 103.6% -0.9%
DAYS ON MARKET UNTIL SALE: 8 days vs 13 days +62.5%
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Thinking of selling in 2023?
We would be happy to assist.
Give us a call today to get started!
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Raleigh area in the news!
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"The 10 best cities to buy a home in 2023."
A fast-growing tech hub with low unemployment, Raleigh has seen home prices increase by almost 30% since 2020. With a median home price near $500,000, it is the most expensive of the top 10 markets for 2023.
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Get a neighborhood report!
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Are you interested in learning what homes have sold for in your neighborhood? Click here and we can send you a customized sold report. When it comes time to place your home on today's highly competitive market, remember pricing your home RIGHT is so critical.
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When: Sat. Feb. 4, 12-4pm
Where: Raleigh Beer Garden 614 Glenwood Ave, Raleigh, NC 27603
Local, regional, & national breweries offering some great samples. Live music, food, and more! Learn more.
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Revolution: The Music of the Beatles — A Symphonic Experience
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Where: North Carolina Symphony, 2 E. South St., Raleigh, NC 27601
Travel to Abbey Road with your North Carolina Symphony and guest vocalists performing restored orchestrations from the original sessions at Abbey Road. Learn more.
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Minimal yet cozy, Sherwin Williams color creates a comforting backdrop for the everyday moments that matter. See more here.
Meanwhile, Behr's Blank Canvas will renew every room of your home! See more here.
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See what's hot! Comfortcore, color, contrast, and more: quick hits on today's top interior styles to watch. See more.
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4 BD 4 BA 3000 SF $695,000
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Immaculate Home in popular Lochridge! Mostly Hardwoods on main floor. Kitchen offers Stainless Appls, Quartz Counters, Center Island w/Seating, Pantry, and a Bright Breakfast Area. The Vaulted Family Room features a Gas Fireplace w/Side Bookshelves. The Dining Room has a Trey Ceiling. Home Office has a Double French Door entry. MAIN FL OWNERS SUITE w/Cathedral Ceiling, Walk-in Closet w/Custom Shelves & Cabinets, and Spa Bath w/Double Quartz Vanity, Free-Standing Tub, and a Tiled Shower. Main Fl Laundry offers a Utility Sink w/Quartz Counters & Upper Cabinets. 2nd Fl includes a Loft, Two Bedrooms that share a Full Hall Bath, and One Additional Bedroom w/a Private Bath. Relax on the Back Deck while enjoying the Peaceful Wooded Views. Lochridge offers residents a Clubhouse with Pool. Located close to Harris Lake County Park, SouthPark Village Shopping, Holly Springs Towne Center, downtown Holly Springs, downtown Fuquay-Varina, Parish Womble Park, Ting Park, and easy access to US-1, Hwy 55 By-pass and the Triangle Expressway/I-540!
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3 BD 2 BA 1466 SF $425,000
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Light, bright and happy! Sound like your next chapter? Come fall in love with 804 Oakley. This All-Brick Ranch in the Heart of Cary features an impeccably updated interior on a cul-de-sac, corner lot. Recently updated with fresh paint on walls/trim and beautiful REAL OAK HARDWOODS with a modern white-washed matte finish in every room. You’ll find updated bathrooms and an OPEN main living area with wood-burning fireplace in this move-in ready space. Kitchen showcases white Shaker cabinets, GRANITE countertops, HERRINGBONE tile backsplash, under-cabinet lighting, large pantry, SS appliances. French patio doors lead to an exterior deck overlooking Magnolia and Oak trees. Tons of storage. One-car garage. Plumbing updates, whole-house water filter, dehumidifier. No HOA. Join Scottish Hills Recreation Club and Pool. Neighborhood access to greenways and Annie Jones Park with sport facilities. Mins to historic Downtown Cary and luxury shopping at Fenton. About 15 mins to DT Raleigh, Research Triangle Park, and new Apple campus.
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2 BD 2 BA 1165 SF $225,000
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Great value in Colony Hill! Close to everything....downtown Durham, Duke University, Duke Forest, UNC-Chapel Hill University, lots of area parks, plus neighborhood amenities including pool and tennis courts. Convenient top level (3rd floor but only two flights up), large balcony with "treehouse" view, private setting. New A/C (2016) and roof (2014). Freshly painted. Spacious living/family room includes a fireplace with adjacent bookcases. Separate dining room. Owner's bedroom has attached 1/2 bath and walk-in closet. Large secondary bedroom could serve as office, guest space. Convenient hall bath. Easy lifestyle, nothing to take care of, better than renting! Also a terrific investment property.
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3 BD 2 BA 1465 SF $425,000
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Amazing Ranch in Twin Lake Farm! Beautifully updated home with stunning Engineered Wood Floors, Family Room with Exposed Brick Fireplace. Kitchen includes Stainless KitchenAid Appls, Quartz Counters, Cabinets w/Under-Mount Lights & Soft Close Drawers, Kohler Vault Sink, Walk-in Pantry w/Sliding Door, and Dining Area. Owners Bedroom features a Coffered Ceiling, Walk-in Closet, Cultured Marble Double Vanity and Tiled Shower. Nice Size Secondary Bedrooms & Updated Hall Bath. Relax after a long day in the Plunge Pool with Pergola or enjoy entertaining on the Covered Patio. The Fenced Backyard adds Privacy. There's also a "She-Shed" with A/C and a Dream Detached GARAGE/Workshop. No HOA! 2022 Updates: New Windows, Door Hardware, Exterior Painted w/New Board & Batten Siding, Copper Gutters, and a New Heat Pump! Located close to SouthPark Village Shopping, Holly Springs Towne Center, downtown Holly Springs, downtown Fuquay-Varina, Parish Womble Park, Ting Park, and easy access to US-1, Hwy 55 By-pass and the Triangle Expressway/I-540!
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that we have trusted real estate professionals throughout the US? These are friendships and contacts that have been built for over 20 years.
Thinking of a second home at the lake? Or the mountains? Family moving in other areas?
Call, email or text us first, we have you covered!
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REALTOR® ABR, CRS, E-PRO, CLHMS, PMN, C2EX
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Maximize the value of your home with Compass Concierge.
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Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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