Wake Forest NC Real Estate Market - Weekly Report for January 15 - 21, 2012

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 16 Homes for Sale in Wake Forest NC added to the current Inventory.  

• 1 New Construction Homes
• 13 Fair Market Resales
• 2 Bank Owned/Foreclosures

If you ever want to see Foreclosures in Wake Forest NC be sure to download my weekly report - FOR FREE!  This weeks report has just been uploaded and is available through my website.  If you are searching in other areas of the Triangle just let me know - I can prepare a custom search for you!

For the Week of January 15 - 21, 2012 there were 6 Homes Sold in Wake Forest NC.  Of those there were NO 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.

• 4 Fair Market Resales
• 2 New Construction Homes

6 Homes received Contracts the Week of January 15 - 21, 2012.

• 3 New Construction Home
• 3 Fair Market Resales

 6 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!

• 3 Fair Market Resales
• 1 Short Sales
• 2 New Construction Homes

Wake Forest NC Real Estate Market Report - December 2011

Here is the latest Real Estate Market Report for Wake Forest NC filled with the most recent and available data.  The first chart is the inventory of Homes for Sale in Wake Forest NC broken into price points.  As been the trend, the price point of $200,000 - $299,999 has the most Active Listings on the market. 

 

The Absorption Rate in Wake Forest NC has been trending downwards since the beginning of the year.  We are still, however, a Buyers Market as indicated by the December Absorption Rate of 7.  For more information regarding the Absorption Rate and what it means to you as either a buyer or seller please visit What Is An Absorption Rate and How Does It Affect YOU?

 

The following chart represents the Average Sales Price and the Median Sales Price for Homes in Wake Forest NC.  December 2011 is compared to December 2010 and I think you might find some surprises.  

 

 

 Inventory of Homes for Sale in Wake Forest NC for the month of December 2011 compared with December 2010 was lower than expected.  

 

And for what is usually the most anticipated statistic - here is the CLOSED sales for December 2011.  

 

If you have ANY questions regarding the Wake Forest NC Real Estate Market Report please feel free to send me an email - I'd be happy to help!  I can also prepare a custom report for a specific neighborhood if you like - all you have to do is ask.

 

The Twisted Vine Wine Shoppe in Historic Downtown Wake Forest NC Offers Great Holiday Gift Ideas!

Historic Downtown Wake Forest NC has an incredible destination shop - the Twisted Vine Wine Shoppe!  Have you been there yet?

Twisted Vine is owned by some familiar faces in Wake Forest NC - yep, the same smiling and friendly faces that you see at the Wake Forest Coffee Company!  Albert Barneto and Bob Cubillas.       

Twisted Vine has some amazing wines available from all over the world including Italy, Germany, Portugal, Spain, Australia, and France to name just a few!  They also stock some tremendous Yadkin Valley wines that come from here in our own back yard - North Carolina! When selecting their wines for inventory they reached out to the Wake Forest NC community and solicited their feedback as to what they wanted to see - so, this really is a wine shoppe for the community! 

They have wines for every budget and every occasion whether a light white wine for an afternoon picnic in the park to a deep, rich, decadent red for a dinner party!  Be sure to check out their climate controlled wine cooler - I have never heard or seen of one before but Bob was quick to educate me on the thermometer and how it works and keeps the wines at the PERFECT temperature!

The shoppe itself is beautiful!  Exposed brick walls, tall windows with rich coverings, and rustic hardwood floors lend to the ambiance and they have done a fabulous job with their displays! They have a bar set up for their special events which are popular and frequent.  Be sure to join them for one of their tastings- you never know what kind of wine you might discover.

The Twisted Vine is a social butterfly of sorts as well - you can check them out at their website:

Twisted Vine

their Facebook page:

Twisted Vine Facebook Page

and their Twitter account:

Twisted Vine Twitter

The hours of operation for the Twisted Vine are Tuesday - Saturday from Noon until 10pm.  Regardless of WHEN you stop by I am sure that you will see this guy there - the always present smile and ALWAYS willing to tell you a little bit about wine!  You rock, Bob!

The Lighting of Wake Forest NC for the Holidays! December 2, 2011

 

The Lighting of Wake Forest
December 2, 1011

Come to historic, downtown Wake Forest NC for a magical
evening on Friday, December 2, 2011 at 6pm for the
Lighting of Wake Forest.

Hosted by the DRC (Wake Forest Downtown Revilalization Committee) this
beautiful evening will have our very own Mayor Vivian Jones lighting
our 30 ft Christmas tree.  You can also delight in the seasonal entertainment
by local choirs as well as horse drawn carriage rides.  (weather permitting, of course)

Be sure to visit some of the local downtown merchants who will
be decorated in all of their holiday glory and offer some amazing treats
and Holiday surprises of their own!

See you in historic downtown Wake Forest on December 2
for this much anticipated Holiday kick-off!

Wake Forest NC Real Estate Market - Weekly Report for November 20 - 26, 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 7 Homes for Sale in Wake Forest NC added to the current Inventory.  

• 1 New Construction Homes
• 3 Fair Market Resales
• 2 Bank Owned/Foreclosures
• 1 Short Sale
  

If you ever want to see Foreclosures in Wake Forest NC be sure to download my weekly report - FOR FREE!  This weeks report has just been uploaded and is available through my website.  If you are searching in other areas of the Triangle just let me know - I can prepare a custom search for you!

For the Week of November 20 - 26, 2011 there were 7 Homes Sold in Wake Forest NC.  Of those there were NO 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.

• 5 Fair Market Resales
• 2 New Construction Homes

11 Homes received Contracts the Week of November 20 - 26, 2011.

• 7 New Construction Home
• 3 Bank Owned/Foreclosures
• 1 Short Sale
  

 3 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!

• 1 Fair Market Resales
• 2 Short Sales

Holiday Schedule for Sanitation and Bus Service in Wake Forest NC

The Town of Wake Forest NC will observe this Thanksgiving Holiday by closing both Town Hall and

Administrative Offices on Thursday the 24th and

Friday the 25th.  Police Service will not be altered during this time.

Wake Forest Bus Service

Wake Forest Bus Service will NOT be provided on Thursday, November 24th. 

Only the Wake Forest NC Loop will operate on Friday, November 25th.

Normal schedules will resume Monday, November 28th.

Sanitation Schedule

If your normal Collection day is Thursday your service will be on Friday, November 25

If your normal Collection day is Friday your service will be on Saturday, November 26

 

For more information or to read the official press release please visit the Town of Wake Forest NC.

Wake Forest NC Real Estate Market - Weekly Report for November 13 - 19, 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 17 Homes for Sale in Wake Forest NC added to the current Inventory.  

• 5 New Construction Homes
• 11 Fair Market Resales
• 1 Bank Owned/Foreclosures

If you ever want to see Foreclosures in Wake Forest NC be sure to download my weekly report - FOR FREE!  This weeks report has just been uploaded and is available through my website.  If you are searching in other areas of the Triangle just let me know - I can prepare a custom search for you!

For the Week of November 13 - 19, 2011 there were 10 Homes Sold in Wake Forest NC.  Of those there were approximately 2% 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.

• 5 Fair Market Resales
• 3 New Construction Homes
• 2 Bank Owned/Foreclosure

 10 Homes received Contracts the Week of November 6 - 12, 2011.

• 5 Fair Market Resales
• 4 New Construction Home
  
• 1 Bank Owned/Foreclosures

 6 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!

• 4 Fair Market Resales
• 1 Short Sales
• 1 New Construction Homes

Wake Forest NC House Chick Newsletter - November 2011

Hello Holidays! Admit it - you are gearing up for the Holidays!  Where oh where did this year GO?  The weather got a little freaky all over the country with Halloween snow for sure in the Northeast and now with Thanksgiving just days away we are swinging back up close to the 80s.  CRAZY!  As many of you that follow me know, Wake Forest NC is amazing during the Holiday season!  Check out some of the events for the remainder of November as we prepare for the final month of 2011 by visiting Discover Wake Forest NC.  You can also be sure to keep up with all the activity, events and specials via my Facebook Page and Twitter!   This is the second edition of the "new" newsletter and I am still trying to incorporate many useful links, articles and statistics.  If there is something that is missing that you would like to see you are always welcome to send me an email.  I love getting feedback! Until next month I wish you happiness, health and prosperity! Leesa a.k.a.  Wake Forest NC House Chick National Real Estate Statistics Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.  My Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports.  Click on this link to get the latest. October 2011 Wake Forest Market Report Be sure to see my latest local Wake Forest Real Estate Market Report for October 2011!  You can find all of the homes available broken down by price points, the Median and Average Sales Prices, Absorption Rates, Current Inventory as well as SOLD homes.  Each month I update the Market Reports and they can always be found at Discover Wake Forest NC.  If there is ever any additional information that you would like to see within these Market Reports please feel free to let me know!  I can also prepare a Market Report for a specific neighborhood if you would like. Click here for the latest..... Friend on Facebook Follow on Twitter Forward to a Friend Social Sites, Websites and More! Wake Forest NC House Chick Discover Wake Forest NC Life in Wake Forest NC What's YOUR Circa? The Pink Oyster Wake Forest Luxury Homes and Estate Circa Properties THANK YOU! Thank you all for nominating me for the 2011 Wake Forest Best of the Best!  Not only were nominations received for me personally but also for my company, Circa Properties!  I can not tell you how much this meant to me and from the bottom of my heart - THANK YOU!  I hope to continue to be your #1 source for Real Estate in Wake Forest NC for MANY more years to come.

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Wake Forest NC Real Estate Market Report - October 2011

Here is the latest Real Estate Market Report for Wake Forest NC filled with the most recent and available data.  The first chart is the inventory of Homes for Sale in Wake Forest NC broken into price points.  As been the trend, the price point of $200,000 - $299,999 has the most Active Listings on the market. 

 

The Absorption Rate in Wake Forest NC has been trending downwards since the beginning of the year.  We are still, however, a Buyers Market as indicated by the October Absorption Rate of 7.  For more information regarding the Absorption Rate and what it means to you as either a buyer or seller please visit What Is An Absorption Rate and How Does It Affect YOU?

 

The following chart represents the Average Sales Price and the Median Sales Price for Homes in Wake Forest NC.  October 2011 is compared to October 2010 and I think you might find some surprises.  

 

 

 Inventory of Homes for Sale in Wake Forest NC for the month of October 2011 compared with October 2010 was lower than expected.  

 

And for what is usually the most anticipated statistic - here is the CLOSED sales for October 2011.  

 

If you have ANY questions regarding the Wake Forest NC Real Estate Market Report please feel free to send me an email - I'd be happy to help!  I can also prepare a custom report for a specific neighborhood if you like - all you have to do is ask.

 

Weekends in Wake Forest NC - Nov 18 - 20, 2011

This is it!  The last weekend before the Holiday Frenzy is in full swing!  ;)  I don't know about you but I am looking forward to the Holidays this year with unprecedented excitement - I don't even think I was this excited as a little girl!  Not sure I know why I am so excited but I just am. 

Wake Forest has quite an impressive list of things to do for this pre-Holiday weekend and you won't want to miss a thing!  There is always the Farmer's Market in historic, downtown Wake Forest where you can certainly pick up a few items for your big dinner this week, Mistletoe Market, which is ALWAYS an awesome event, is this weekend, and you can drop off your donations for the 5th Annual Turkey Drive at the Wake Forest Police Department on the 19th from 9am - Noon.

Check out the latest and I hope you have a super fantastic weekend in Wake Forest NC!!!

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Adopt an Addition
Friday, Nov. 18; 1 - 4 pm
NC State Campus, Harris Field, in front of Witherspoon Student Center, 104 Witherspoon Student Center, Raleigh
The Leadership Development Committee in the Center for Student Leadership, Ethics, and Public Service (CSLEPS) has partnered with the Wake County Animal Shelter to host an adoption event at NC State for shelter animals that need a loving home. Anyone is welcome to join in the festivities, whether you are looking to adopting an animal (dog, cat, rabbit, or guinea pig), learn about volunteer opportunities, donate to Wake County Animal Shelter, enjoy music and free food, play cornhole, learn balloon twisting, or just come to play with the animals!  For more information, contact Mandy Scott at mmscott2@ncsu.edu or (919) 280-0040.

Wake Forest Farmers Market
Saturday, Nov. 19; 8 am – Noon
Depot Parking Lot, 110 S. White St.
Enjoy the “Taste of the Market” as Chef Chuck Hayworth returns cooking smoked duck and greens in different ways than what our grandmothers taught us. The market offers pasture raised meat, free range eggs, fresh picked produce, art and crafts. For more information, visit  www.wakeforestmarket.org or call (919) 671-9269.

Mistletoe Market Craft Fair
Saturday, Nov. 19; 9 am - 4:30 pm
Wakefield High School, 2200 Wakefield Pines Dr.
Handmade jewelry, arts and crafts, basket raffles, food and much more. Admission is $5. Look for $1 off admission ads in local newspapers. Proceeds will benefit the programs of the Wakefield High School Parent Teacher Student Association (PTSA). For more information contact mistletoemarket@wcpss.net.

Applebee's Flapjack Fundraiser Breakfast for Lighthouse Christian Homeschool Sports
Sunday Nov. 20; 7 – 10 am
Applebee's, 11805 Retail Dr.
Come and support Lighthouse Christian Homeschool Sports. Tickets are $7 per person. All of our proceeds goes into our basketball program for our teams to play competitive basketball. Plus we will be having a giveaway for $100 before 8 am and another for $50 before 9 am. For more information, contact Beth DeMoura at bdm67827@yahoo.com.

Wake Forest NC Real Estate Market - Weekly Report for November 6 - 12, 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 20 Homes for Sale in Wake Forest NC added to the current Inventory.  

• 2 New Construction Homes
• 11 Fair Market Resales
• 3 Bank Owned/Foreclosures
• 4 Short Sale

If you ever want to see Foreclosures in Wake Forest NC be sure to download my weekly report - FOR FREE!  This weeks report has just been uploaded and is available through my website.  If you are searching in other areas of the Triangle just let me know - I can prepare a custom search for you!

For the Week of November 6 - 12, 2011 there were 8 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.

• 5 Fair Market Resales
• 2 New Construction Homes
• 1 Bank Owned/Foreclosure

 12 Homes received Contracts the Week of November 6 - 12, 2011.

• 3 Fair Market Resales
• 7 New Construction Home
  
• 2 Bank Owned/Foreclosures

 9 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!

• 6 Fair Market Resales
• 1 Short Sales
• 2 New Construction Homes

Waterfall Plantation in Wake Forest NC - Immaculate Brick Ranch with 3500+sf and Incredible Upgrades!

Executive Brick Ranch Home

• 3,532 sq. ft., 3 bath, 4 bdrm single story - $630,000 - Competitively Priced!

Waterfall Plantation, Wake Forest  -  Simply gorgeous executive brick ranch in exclusive Waterfall Plantation! The park like setting of almost 2 acres provides the perfect respite after long weekdays and an ideal place for family and friend gatherings. Meticulous landscaping abounds which adds to the "far away" from the hustle and bustle feel yet this home is located within mere minutes to major arteries making commutes to Raleigh and RTP a breeze.

This Ranch home offers an open floorplan with a light atmosphere due to the multitude of windows which combines the elements of nature outside and ease of living inside. The epicurean kitchen boasts a large island with a flat surface cook top, top of the line Cherry cabinets, and "Black Galaxy" granite counter tops. The kitchen opens to the great room with a gas log fireplace and truly provides an excellent area for family or friends to gather. The amazing oversized Master Suite has it's own fireplace, his and her walk in closets and a luxurious master bath with a two headed glass block shower and Jacuzzi tub.

The library with its own gas log fireplace is perfect for an in-home office or just the space you are looking for to keep the reminders of everyday life (such as home management) separate from enjoying the peacefulness of this home.

2112 Wisley Way in Waterfall Plantation offers many upgrades and features. A few of note, but certainly not all, are a whole house tankless water heater which provides you with unlimited hot water, walk-in attic storage, wlk-in kitchen pantry, quality fenced back yard, oversized bay in the side-entry garage perfect for a boat, 500 square foot screened in porch, large deck, laundry room with custom dog shower, and so much more!

* Please note that this home is being offered for sale as a For Sale By Owner. The sellers have graciously agreed to allow Buyer's Agents to advertise the home. If you are interested in this home please contact me and I will be happy to provide you with additional details

Property information

Weekends in Wake Forest NC - Nov 4 - 6, 2011

It's going to be a beautiful weekend in Wake Forest NC!  I hope you get the chance to get out and enjoy a few of the activities around town.  The Wake Forest Farmer's Market is always a MUST do!  We also have a Craft and Bake Sale, a FREE Movie Night, a Fall Festival and so much more!  Check out the latest happenings this weekend in Wake Forest NC!

“To Save A Life” Free Movie Event
Friday, Nov. 4; 7 pm
Faith Harvest, 4737 Willeva Drive
Youth and college students, mark your calendars and invite and bring all of your friends for a free movie event. On Friday, Nov. 4, beginning at 7 pm (doors open at 6:30 pm), Faith Harvest will present the movie “To Save a Life.” There will be a drawing to win an iPod touch (you must be present to win). For more information, visit http://www.faith-harvest.org or call (919) 848-4340.

Wake Forest Farmers Market
Saturday, Nov. 5; 8 am – Noon
Depot Parking Lot, 110 S. White St.
Come join us for Fall Fiber Fun. Linda Tilley and Joy Thomas will be giving educational presentations on rabbits.  Joy will have her spinning wheel and demonstrate spinning angora wool. The market offers pasture-raised meat, free range eggs, fresh picked produce, art and crafts. American Legion Post 187 will be there. Triple B Farm will be cooking up their sausage biscuits (weather permitting). Music provided by Dry Bread Road. For more information, visit www.wakeforestmarket.org or call (919) 671-9269

Free Medical Clinic- No appointments needed
Saturday, Nov. 5; 8 am to 1 pm
Hope Lutheran Church & Preschool, 3525 Rogers Road
Free services to include breakfast/lunch, flu shots, blood pressure check, diabetes testing, dental & vision screening, food pantry, clothing closet, books, children activities, haircuts, family portraits and more! For more information, visit www.touchedbyhope.org, email touchedbyhopeorg@gmail.com or call (919) 554.8109.

Craft & Bake Sale
Saturday, Nov. 5; 9 am - 3 pm
Ledford Center Gymnasium, Southeastern Baptist Theological Seminary
Please join us for our Annual Craft & Bake Sale to be held at the Ledford Center at 120 S Wingate St. from 9 am to 3 pm.  Students, student wives, and staff from Southeastern Seminary will be utilizing their God-given talents and gifts to present unique crafts, delicious baked goods and much more!  Free admission and open to the public. Please visit www.sebts.edu/connectingpoint for additional information and directions. Contact the Women’s Life Office for more information at (919) 761-2340 or womenslife@sebts.edu. 

Wake Forest United Methodist Church Annual Bazaar & Fall Festival
Saturday, Nov. 5; 9 am – 3 pm
Wake Forest United Methodist Church, 905 S. Main St.
We invite the community to join us! Enjoy music, delicious food, great shopping and fun activities! Brunswick Stew, Arts and Crafts, Vintage Jewelry Shop, Bakery and Garden Shop. Activities - 11:30 am, Learn to Knit/Crochet; 1 pm, Photographing Landscapes; 1 pm, Decorating Cakes. For more information, email office@wakeforestumc.org or call (919) 556-2239.

The Virginia Tull Music & Art Series Presents the NC Master Chorale
Saturday, Nov. 5; 3 pm
Wake Forest Baptist Church, 107 E. South Ave.
The Chorale will perform Leonard Bernstein’s Chichester Psalms and Arvo Part’s Berliner Messe (Berlin Mass). Bernstein’s Psalms evokes the same lush harmonies and infectious rhythms as his West Side Story. Anthems by Parry, Brahms and Vaughan Williams complete the program. Founded in 1942 as the Raleigh Oratorio Society, the NC Master Chorale is committed to bringing the very finest in choral music performance to Triangle-area audiences. Under the direction of Dr. Alfred E. Sturgis since 1993, the Chorale boasts a 170-voce symphonic chorus and a 22-voice chamber choir.  The concert is free and open to the public. For more information, email davidfitzgerald@ncrrbiz.com or visit www.virginiatullmusicandarts.org.

Should I Sell My Home During The Holidays? YES!

Every year I get the same call right about the same time!  It is from a seller that is contemplating taking their home off the market over the Holidays and re-listing after the New Year.  They ask me what I think......Here is what I tell my sellers and I thought I would share should you be faced with the same question.  

• Homes are at their cleanest at this time of year.  With all of the families visiting and festivities around us the homes are decorated beautifully!  Every sense a buyer has is touched in some way from the sights of homes lit up with lights, to the sounds of Holiday music, to the smells of baking cookies and fresh cut pine trees, to the tastes of warm cider and the feel of crisp, clean air.
• Buyers that are intending to relocate to the area are most likely to use this time of year to visit the area and research schools, homes for sale, the city, the amenities and the overall atmosphere.  Why miss that opportunity?
• If other sellers are taking their homes off the market because "it's the thing to do" than that certainly gives you LESS competition!  Take advantage of the situation.
• The holidays are the biggest spending time of the year.  Why miss out on buyers ready to make that purchase?  If you home is previewed during December (early) there is a good chance that you can close by the end of the year.  If closer to Christmas you can look forward to a sale shortly after the New Year.

I don't know about you but I think the Holidays are a great time of the year to try and sell your home.  Sure, there might be slightly less buyers out there but the chances of the ones that ARE out there are serious and have the money is higher.

For those of you sellers out there that are thinking of taking your home off of the market - Talk with your agent first.  If they don't mention the above I hope that you at least think about them.

Wake Forest NC Real Estate Market - Weekly Report for October 23 - 29, 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 21 Homes for Sale in Wake Forest NC added to the current Inventory.  

• 7 New Construction Homes
• 12 Fair Market Resales
• 1 Bank Owned/Foreclosures
• 1 Short Sale

If you ever want to see Foreclosures in Wake Forest NC be sure to download my weekly report - FOR FREE!  This weeks report has just been uploaded and is available through my website.  If you are searching in other areas of the Triangle just let me know - I can prepare a custom search for you!

For the Week of October 23 - 29, 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.

• 5 Fair Market Resales
• 4 New Construction Homes
• 2 Bank Owned/Foreclosure
• 4 Short Sales
  

 4 Homes received Contracts the Week of October 23 - 29, 2011.

• 2 Fair Market Resales
• 1 New Construction Home
  
• 1 Bank Owned/Foreclosures

6 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!

• 3 Fair Market Resales
• 1 Short Sales
• 2 New Construction Homes