Wake Forest NC Real Estate Market - Weekly Report for October 16 - 22, 2011
Below is the latest data for the Wake Forest NC Real Estate Market. The Real Estate activity remains vibrant in Wake Forest NC with a healthy number of New Listings being added each week as well as a good number of closings.
This past week there were 28 Homes for Sale in Wake Forest NC added to the current Inventory.
- 6 New Construction Homes
- 20 Fair Market Resales
- 2 Bank Owned/Foreclosures
For the Week of October 16 - 22, 2011 there were 14 Homes Sold in Wake Forest NC. Of those there were less than 1% that were Bank Owned or Foreclosures. That is a distinct point in that most Home Sellers I speak with in Wake Forest think that REO/Bank Owned homes are the ones that are selling the most.
- 10 Fair Market Resales
- 3 New Construction Homes
- 1 Bank Owned/Foreclosure
9 Homes received Contracts the Week of October 16 - 22, 2011.
- 1 Short Sale
- 5 Fair Market Resales
- 1 New Construction Home
- 2 Bank Owned/Foreclosures
10 Homes in Wake Forest NC had a Status Change to Contingent this past week. A Contingent Status reflect "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!
- 7 Fair Market Resales
- 2 Short Sales
If you have any questions regarding the above statistics for the Wake Forest NC Real Estate Market please feel free to give me a call at 919-649-6128 or simply
send me an email - I would be happy to help!
