Wake Forest, NC Real Estate News

By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Here is the weekend roundup of things to do in Wake Forest NC.  Don’t forget, there is the weekly Saturday morning Wake Forest Farmer’s Market as well where you can find all kinds of fresh produce, fresh meat, jam, jellies and so much more. While your downtown don’t forget to stop in to a few of the shops and restaurants…….there are so many to choose from! Purple Heart Dinner Saturday, Aug. 4; 5:30 pm Wake Forest Presbyterian Church, 12605 Capital Blvd.    Tickets are available for the annual Purple Heart Dinner on Saturday, Aug. 4, at 5:30 p.m., at Wake Forest Presbyterian Church. Hosted by the Wake Forest Purple Heart Foundation, the dinner invites the public to help honor military veterans wounded in battle. Tickets are $15 each and available at the Wake Forest Chamber of Commerce, t...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
In June of 2011 the Absorption Rate was 11 which indicated a market that was deep into a Buyer’s Market.  This year, the Absorption Rate is 7 which is indicative of a more balanced market.  Does this mean we have hit bottom?  Not necessarily however, there might be quite a few buyers kicking themselves for not buying a home last year.     This stabilization in the Absorption Rate is good news for sellers in the Wake Forest Real Estate market.  It essentially means that the inventory of homes for sale is lower therefore meaning less choices for buyers.    If you aren’t quite sure what an Absorption Rate is you will definitely want to read What Is An Absorption Rate And How Does It Affect You?   For more information on the Wake Forest NC Real Estate Market please feel free to give me a ca...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Wake Forest NC Real Estate Market - Weekly Report for July 22 - 28, 2012 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 33 new listings added to the Homes for Sale inventory last week with NONE 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 $59,900 - $700,000 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 - 33 ...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
There were 560 homes for sale in Wake Forest NC in June, 2012.  Usually, there is one particular price point that is the most popular hands down.  This past month though, there was a surprise!   Typically, the $200,000 - $299,999 price range is the most popular in Wake Forest NC and makes up the majority of both the homes sold and the homes for sale.  This past June a HIGHER price point tied with it!    ·         $200,000 - $299,999 – 169 homes for sale ·         $300,000 - $399,999 – 169 homes for sale   There is an amazing selection of homes for sale in Wake Forest NC that fall within BOTH of those price points.  They are all sizes, acreage, styles and various locations.  If you are interested in seeing what is currently for sale please give me a call or simply send me an email – I wo...
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By Jeremy Wrenn, VP of Finance, Winslow Homes
(Winslow Homes)
This is straight from an email that came out today from the Town of Wake Forest.  It's good advice, especially for the elderly, on how to spot a scam. I will say there are a lot of legitimate small contractors that do not have labelled vans.  But they don't practice on the spot deals, and typically give out estimates prior to the work. So seeing only one warning sign may only raise a yellow flag, but seeing several should raise red flags right away!  If you have concerns, don't sign anything.  A good deal might have time restrictions, but should never be restricted to a decision the same day the price is given.  Never! So beware, but be aware there are plenty of trustworthy contractors out there.  And these two individuals are now under arrest. Here's the text of the email:   Beware of ...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
As a Buyer are you considering a lease purchase?  A Lease Purchase may be a great way to get into that home of your dreams.  Typically, when you enter into a lease purchase you are leasing the home for a period of time and then PURCHASING the home at the end of the lease period.  A portion of your monthly payments are usually applied towards your downpayment of the home.  However, there are quite a few things that you should consider before considering or entering into a lease purchase. Currently, there are NO forms available to any Realtor® in the State of North Carolina to facilitate the Lease Purchase process.  It is not as simple as filling out a Rental Contract and an Offer To Purchase and stapling the two together.  Therefore, it is highly recommended that you, as the buyer, hire ...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
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!) ...
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By Jeremy Wrenn, VP of Finance, Winslow Homes
(Winslow Homes)
You have to admit it:  some contractors will leave you a little short of the quality work you desire, like this mailbox.  It may work, but is this really up to standards or better?  And do you like getting the mail at your kneecaps? To do the job right, it requires not only a knowledge of how things function, but of how they function BEST.  This is not the best function for the mailbox, even if it's only temporary (it's been there about a week already like this). Our goal is to give you quality service at a fair price, and to always make things right.  To do the work as if it were our own house! By the way, a mailbox like this is supposed to be between 41-45" off the road surface.  This one, is closer to about 20-24" instead.  If my math is correct, that's about half of the required hei...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
It will be a super busy weekend in Wake Forest NC with so many events surrounding the monthly Art After Hours!  Check out all of the different galleries that will be open, receptions and exhibits below!  You can also find a great evening of entertainment at the Wake Forest Coffee Company on Saturday, the weekend Wake Forest Farmer’s Market and be sure to stop by WalMart on Sunday to help out SafeHaven for Cats!   Art After Hours Friday, July 13; 5 - 9 pm Downtown Wake Forest On the second Friday night of each month the streets of downtown Wake Forest come alive with food, merchants and music! Everyone is invited to come and experience the dining, art and retail merchants of downtown Wake Forest. Downtown businesses stay open until 9 p.m. You never know what treasure you may find!   Art ...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Thornrose in Wake Forest NC is a wonderful subdivision with a variety of home styles offered in a very sought after price point!  Located just off of Forestville Road, Thornrose is extremely convenient to shopping, dining and every day conveniences.  You'll also find commutes to RTP and Raleigh super easy with access to Hwy 401 or Capital Blvd just minutes away. The tree lined streets of Thornrose welcome you home to a community that is rich in beauty and a great neighborhood fabric.  The Thornrose residents only neighborhood pool is THE focal point in the summertime! Keep in mind that there Homeowners Association Dues paid monthly to help maintain the community pool and upkeep for the common areas.  The Homeowners Association is currently managed by Dickson Properties. There are curren...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
It has been a 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 26 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 $114,990 - $1,490,500 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 - 16 REOs - 3 New Construction - 6 Short Sales - 1 Twleve homes closed last week in ...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Wow – it’s the second Friday of the month and you know what that means, right?  You don’t?  It means that historic, downtown Wake Forest NC is bringing on the Art After Hours!  Food, Art, Shopping, Dining and so much can be found during Art After Hours each month and here is the line up for this month!  Grab your friends, your neighbors, your family – you won’t want to miss Art After Hours! Wake Forest Farmers’ Market Wednesday, July 11; 4 - 7 pm  OneCare Inc. parking lot, 150 N. White St. The Wake Forest Farmers’ Market, located at 150 N. White St., is open Wednesday afternoons from 4 – 7 pm and Saturday mornings from 8 am - noon. For more information, call (919) 671-9269 or visitwww.wakeforestfarmersmarket.org. Also, “Like” us on Facebook. Friends of the Library Annual State of the Co...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Welcome to St. Ives Estates in Wake Forest NC!  St. Ives Estates is a beautiful community with rolling tree lined streets and simply magnificent custom homes on large, well-manicured lots.  St. Ives Estates is quietly tucked away off of Kearney Road yet convenient to both Capital Boulevard and Highway 98 making commutes to both Durham NC and downtown Raleigh NC a breeze.St. Ives Estates is a swim community with a large pool for residents, tennis courtsfor residents and a clubhouse that is perfect for neighborhood get-togethers or private parties.  This quiet community offers plenty of room to spread out yet amply opportunity be partake in "community".  Currently, there are  5 homes for sale in St. Ives Estates and they range in price from $525,900.00 - $574,900.00.  Each estate home off...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Wake Forest NC has so many different areas and each has its own flair!  Whether it be an older, single-family homes with large sprawling lawns, patio homes with community amenities, townhomes located within mega subdivisions, Wake Forest NC offers a lifestyle that will fit any profile!I have had the pleasure of selling a few homes in Fairlake and find that it is an attractive community to many home-buyers whether they are first time buyers or seasoned!  If you are interested in Homes for Sale in Wake Forest NC then this series will be for you!  It will help you better understand all that Wake Forest NC has available. Fairlake is a community that was established right around 1998.  The main focal point of Fairlake is a beautiful community lake and the subdivision is located just north of...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Northampton in Wake Forest NC is a wonderful community that offers tremendous homes, large lots and greatamenities for it's residents.  Northampton is locate between Chalks Road and Jones Dairy Road which makes getting out and about in Wake Forest NC a breeze!  There is a mix of resale homes and new construction homes available in Northampton which means you have quite a few different styles to choose from.  You can visit their on-site model home to preview any of the presale lots that are available as well as peruse the different floorplans and options they have to offer.  Northampton in Wake Forest NC offers it's residents a private community pool, a community playground and a picnic area with tables and a grill.  Many of the addresses in Northampton are located close enough to the Jo...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
There have been some changes made to this weeks Wake Forest NC Real Estate Weekly Report.  The report now consists of Wake County, Granville County and Franklin County for all properties that have a Wake Forest NC mailing address.  It is my hopes that this will give you a broader picture of the Wake Forest NC Real Estate Market. There were 39 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 $100,000 - $1,600,000 with a variety that includes townhomes, starter homes, luxury homes and one current Bed and Breakfast in Wake Fore...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Wake Forest NC has some standing events on the calendar each week!  In case you weren’t aware of them here is a list with a little something for everyone!      Take Off Pounds Sensibly (TOPS) Morning Club Meetings Mondays; 9:30 am weigh in; 10:10 am meeting Wakefield Baptist Church, 13029 Keith Store Road    TOPS is a non-profit weight loss support program that welcomes all! Your first session is free and annual membership is only $28. Contact Sandy Hope for more information at (919) 556-6407. www.tops.org Wake Forest Chess Club Mondays; 6-8 pm Wake Forest Coffee Company, 156 S. White St.    The club meets every Monday from 6 - 8 pm and is open to ages 16 and older. For more information, email schoolathome2012@hotmail.com. Monday Night Bingo Mondays; Doors open at 6:30 pm; Games from 7 ...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Wake Forest NC ALWAYS has some great activities and events on the calendar and next week is NO exception!  Next week is all about celebrating July 4th!  Check out the event line up and I am sure you will agree – there is something for ALL AGES!  Get out and enjoy your summer in Wake Forest NC – there is always something to do!   Fourth of July Fireworks Spectacular Tuesday, July 3; 5 pm Heritage High School, 1150 Forestville Road Fireworks, games, live entertainment, and a whole lot more awaited you at this year’s Fourth of July celebration! Now in its 40th year, Wake Forest’s Independence Day celebration is one of our area’s most eagerly-anticipated summer-time events serving up two days-worth of fun and excitement for the entire family. This year, the revelry gets underway with the Fi...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
The 4th of July celebration is Wake Forest is spectacular event!  Between the bands, the parachute team, the food and games there is SO MUCH for all ages to enjoy.  Fireworks?  You Bet!  Wake Forest has one of the BEST displays of fireworks I have EVER seen. The fun starts on Thursday, July 3rd at Heritage High School!  Gates open at 5:00pm which gives you plenty of time to seek out your "best" spot.  Don't worry - all seating is prime. Admission is $5.00 per person and children under 6 are free. A few of the highlights include: The Band of Oz - This band is incredible!  One of the southeast's BEST beach music bands AND a 1997 Beach Music Hall of Fame Inductee! Don Carrington's Parachute Team.  I just HAVE to mention here again - my tandem partner is part of this team.  You didn't know ...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Like many other real estate markets around the country Wake Forest NC has a mix of home for sale that are fair market sales, REOs and short sales.  I receive numerous phone calls and emails weekly from buyers searching specifically for Foreclosures in Wake Forest NC.  In response to the overwhelming requests I have a page on my website, Wake Forest NC House Chick, dedicated to Short Sales and Foreclosures that provides a simple explanation as to what each specifically is as well as a weekly report that I publish that contains all the Wake Forest NC Foreclosures for that week.  The report is FREE to download and here is some of the information you can find on the report: ·         Subdivision of property ·         Square feet ·         Bedrooms and Baths ·         List Price ·         Ga...
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