Wake County Real Estate Trends Q1 2014
Percent of List Price
This number is a very good number to pay attention to regardless if you are a buyer or seller because it serves as a guidepost of how to price or buy a home in Wake County. As you can see, most sellers are receiving about 98% of their final list price. It’s important to note that distinction because there is a 1.5% difference from the original list price. That means that houses that aren’t priced right from the beginning aren’t faring any better. In fact, an argument could be made that they spend longer on the market, thus costing the seller more time and money.
Since relocating from Northern Michigan in 2007 I have lived in Garner (27529) with my wife Melanie and our four children. With personal production of 8MM in real estate sales across Southern Wake County I am considered to be a local market expert in the following communities: Garner (27529), Fuquay-Varina (27526), Holly-Springs (27540), Apex (27502), and Raleigh (27603, 27604, 27606, 27609, 27610)) which spans from downtown Raleigh to Willow Spring including Lake Wheeler. Call or email me, I’m here to help! Ricardo Cobos (919) 526-0183