Wake Forest, NC Real Estate News

By Jeremy Wrenn, VP of Finance, Winslow Homes
(Winslow Homes)
Oh boy, it's still happening.  I can't give it up.  I can't stop myself.  Yes, I'm still seeing faces in inanimate objects. Let's see if you can see it with me, or if my mind is just a LITTLE overactive.  Well, ignore that last point, it's alread proven.But I looked up in a house recently, and there was a little happy man on the ceiling.  Really, he was.  Here's his picture!   See?  I told you!
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By Marc Iafrate, MBA, MBA - Wake County Real Estate Search
(Capital City Realty Team)
Keep your eyes open for the next family fun event at Traditions at Heritage Wake Forest. This weekend, Traditions hosted a Fall Parade of Home Tours, bouncy houses, face painting, train rides, hayrides, Starbucks coffee, caramel apples, cupcakes, pumpkin decorating, family photos and much more! The Traditions neighborhood Wake Forest NC is a wonderful, new community in Wake Forest just north of the 98 bypass and the Gateway Commons Shopping Center. It currently offers the options to build with 4 different builders, JordanBuilt Homes, Chesapeake Homes, Lennar and M/I Homes. Each of these builders offers different price points and floor plans that will appeal to just about every buyer. The really amazing aspect is the amenities planned at Traditions (scheduled for completion next year). T...
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By First Last name
(Keller Williams Preffered)
  I love this place--I took my kids and niece last year--we had an absolute blast.... the admission is 10$ (UNDER 2 FREE) but it includes your Hay Ride on the farm and a free pumpkin (and yes, you get to pick the pumpkin) It's minutes from Raleigh, Wake Forest, Durham, Cary, etc.   if you don't pack snacks for the kids ....make sure you bring some extra money for the food...   Once you get arrive they are many other things to do: Feeding Dock, Picnic Areas, Corn house, Bounce House, Live music, good food, GIANT Slide, train rides $3, pony rides $4, Hay Jump.....it's perfect adventure for the little ones...better than just going to the grocery store and picking out a pumpkin.   For more information visit their website   2013 Fall Pumpkin and Harvest Festival   WWW.hillridgefarms.com   Lo...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
The Wake Forest Real Estate statistics are out for June and we continue to see improvement in the market!  Both the Average Sales Price and the Median Sales Price have increased since the same time last year.   Closed Sales for June have increased by +6.6% compared with the same time in 2012.  However, inventory is tight and continuing to tighten - current inventory has decreased -2.9% when compared with the same time in 2012.    The Absorption Rate in Wake Forest NC has remained stable at what is considered a "balanced" market - neither a seller's market nor a buyer's market.  It is important to note that this is just for Wake Forest - the Absorption Rate varies in the different areas of Raleigh.     The average Days on Market has declined considerably when compared with the same time ...
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By Carla Freund, Carolina Life RealEstate & Relocation 919-602-8489
(Keller Williams Preferred Realty)
Search for ALL Homes for Sale in Wake Forest NC and Rolseville NC OR   1) Search for Homes manually using your own criteria at: www.NCStyleHomes.com  (Only active homes will come up)   2) Set up and save your own search at: www.FindNCStyleHomes.com   3) Receive a Daily Update of Homes for Sale in Wake Forest, NC by Emailing your search criteria to carla@carlafreund.com:   Area:   Price Range:   # Bedrooms:   # Bathrooms:   Sq. Feet:   Garage/Parking?   Lot Size:   Amenities (pool, etc.):   Detached/Townhome:   Age of Home:                  School Needs:     Timeframe:   Anything else you want us to add to search:     Are there any particular neighborhoods you’ve already identified?     Do you have any other questions/concerns?   Interested in selling your Wake Forest home? Please go to ...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
The Wake Forest Real Estate statistics are out for April 2013 and we continue to see improvement in the market!  Both the Average Sales Price and the Median Sales Price have increased since the same time last year.  The average Days on Market has slightly increased.    Closed Sales for April have increased by +19.8% compared with the same time in 2012.  However, inventory is tight and continuing to tighten - current inventory has decreased -3.1% when compared with the same time in 2012.               The Absorption Rate in Wake Forest NC has remained stable at what is considered a "balanced" market - neither a seller's market nor a buyer's market.  It is important to note that this is just for Wake Forest - the Absorption Rate varies in the different areas of Raleigh.             The av...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
This Friday is the annual Lighting of Wake Forest!  Join your friends and neighbors at Centennial Plaza in front of Wake Forest Town Hall as the town kicks off the Holiday Season.  The 30 foot Christmas tree will be lit by Mayor Vivian Jones and you can expect to see Santa make an appearance shortly afterwards.  There will also be performances by local choirs, pictures with Santa and horse and carriage rides.  While you are downtown don't forget to visit the local shops that are beautifully decorated for the Holidays and offering some of the most unique and one-of-a-kind gifts.  Lighting of Wake Forest December 7 - 6-8pm Centennial Plaza, Wake Forest Town Hall 301 S. Brooks Street  
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By Jeremy Wrenn, VP of Finance, Winslow Homes
(Winslow Homes)
Sometimes when visiting a home, I have that moment of surprise when damage is a direct result of how the home was built (and possibly designed).  This was such a home.   These nice folks are getting ready to possibly list their home for sale.  And they have this mysterious staining and mildew/mold on the garage drywall ceiling.   Being in home repairs, I have received special traning that I can tell that this is not normal.  Don't try this at home.   Ok, so anyone would know this is not normal.  You got me.  Mold in the house, not normal, except on that sandwhich in the back of the fridge you forgot from last month.  You might want to get that out of there.   But I digress...   So being the naturally curious guy I am, I wanted to find out WHY there is damage on a drywall ceiling that is...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
The first cool morning has come which means Fall is definitely on its way!  There have been some amazing homes for sale added to the current inventory this past week but it is certainly less that weeks previous.  The variety of price points, types of homes and locations offer home buyers many options.  Check out the latest Wake Forest NC Real Estate Weekly Market Report and let me know if you have any questions as I would be more than happy to help!  Also, if you want more specific information for a particular neighborhood I can certainly prepare a custom report just for you.   There were 31 new listings added to the Homes for Sale inventory last week with only two of them being short sales!  Just an FYI - there have been indicators that a few mores short sales and foreclosures will be ...
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By Jeremy Wrenn, VP of Finance, Winslow Homes
(Winslow Homes)
We recently had to remove a deck that was built by others, and wasn't built to commercial code (yes, there are MANY differences between residential and commercial code).  Our first preference was to bring it up to commercial code, but we figured out that wasn't doable with some major steps having been missed.  So having spent so much time on investigating the issues, we thought we'd just get the deck down as quickly as possible.  Mission accomplished.  
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By Jeremy Wrenn, VP of Finance, Winslow Homes
(Winslow Homes)
  Wrenn Home Improvements in Wake Forest, NC (with work in Wake Forest & Raleigh area) is seeking a full time or part time Handyman Assistant to work under the supervision of a Crew Leader. Positions for both full time or part time are for immediate employment with long term potential and advancement. Some construction and carpentry experience is required, but on-the-job training will be provided. Applicant must be able to work from ladders, do heavy lifting, and have the ability to communicate effectively with customers and represent the company well. Work day will be 7:00 am-3:30 pm with 1/2 hour lunch break. Applicant will need to provide personal tools (i.e. tool belt, tape measure, hammer, etc.). Applicant must have a current valid drivers license and a driving history (last 5 year...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Both the Average Sales Price and the Median Sales Price were up in July 2012 when compared with July 2011.  There is a distinct difference between the two - do you know what they are?  To help you understand the difference you can visit a recent blog post I created titled "Do You Know The Difference Between the Average Sales Price and the Median Sales Price?"  Creative title, right?  ;) Here is the latest Market Statistic graph showing the substantial increase in both, and, don't forget, if you need information specific to your neighborhood please feel free to give me a call - I'd be happy to help!
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
In July 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...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
There were 735 homes for sale in Wake Forest NC in July, 2012.  For the first time in quite a while the most active Price Point has changed.  This past month the price point with the most homes for sale was $300,000 - $399,900.   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 July a HIGHER price point had the most inventory!      ·         $200,000 - $299,999 – 165 homes for sale   ·         $300,000 - $399,999 – 185 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 plea...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Coming up this Saturday, August 18th, from 6pm - 8pm is a dog-gone awesome event that you won't want to miss!  (Yes, I said that!)   The Mill Room at The Factory in Wake Forest NC will host BARKITECTURE - a fun-filled event dedicated to our 4 legged furry canine AND feline best friends.  Join in the fun and food at Barkitecture 2012 which will feature a live auction of: unique dog houses cat condos pet furniture designed and built by local builders and designers dog painting by renowned local artist Dick Larsen There will also be a Silent Auction which will include sports memorabilia, gift baskets and pet supplies! All proceeds from this awesome event will go to SNIP Fund which provides low cost spay/neuter services to Franklin County pet owners. The cost for the event is $45 per person...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
There have been quite a few new listings added to the inventory of Homes for Sale in Wake Forest NC this past week.  The variety of price points, types of homes and locations offer home buyers many options.  Check out the latest Wake Forest NC Real Estate Weekly Market Report and let me know if you have any questions as I would be more than happy to help!  Also, if you want more specific information for a particular neighborhood I can certainly prepare a custom report just for you. There were 47 new listings added to the Homes for Sale inventory last week with only ONE 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 late Summer making competition even more fierce!  The price range for new listi...
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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!  New Home activity made up 37% of all activity with the Wake Forest NC Real Estate Market - that is a very healthy number.   There were 44 new listings added to the Homes for Sale inventory last week with only TWO 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 late Summer making competition even more fierce!  The price range for new listings ranges from $114,990 - $499,900 with a variety that includes townhomes, starter homes, move up homes and luxury homes. The breakdown of the n...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Things to Do in Wake Forest NC - August 6 - 9, 2012 It's another full week in Wake Forest NC where there is always something to do!  Check out some of this week "Don't Miss" events.  I hope I get to see you around and if you see me please be sure to say HI!     National Night Out Parking Lot Party Tuesday, Aug. 7; 5 - 9 pm Wake Forest SuperTarget Parking Lot, 12000 Retail Dr. On Tuesday, Aug. 7, neighborhoods throughout Wake Forest are invited to join the Wake Forest Police Department, Target, and thousands of communities across the United States for the 28th Annual National Night Out. The Wake Forest Police Department and Target, the national sponsor for NNO, are marking the occasion by hosting a “National Night Out Parking Lot Party” from 5 pm to 9 pm at the Wake Forest Target Superst...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
August 7, 2012, Wake Forest NC will be recognizing National Night Out with a Parking Lot Party at the Super Target from 5:00pm - 9:00pm.   Target is the National Sponsor for National Night Out which is a nationwide program geared towards promotingNeighborhood Spirit and Police-Community Patnerships in a fight for a safer nation.  National Night Out is designed to: Heighten crime and drug prevention awareness; Generate support for, and participation in, local anticrime programs; Strengthen neighborhood spirit and police-community partnerships; and Send a message to criminals letting them know that neighborhoods are organized and fighting back. This year celebrates 29 years since the inception of National Night Out and communities throughout the nation are celebrating in many ways.  Vario...
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By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
It is no surprise that Foreclosures made up a huge portion of the inventory of homes for sale in Wake Forest NC last year.  They also accounted for quite of few of the resales in 2011.  The other evening when I was walking my dogs through one of the most popular neighborhoods in Wake Forest, Heritage, and I passed a few homes that I knew were Foreclosures.  It got me to thinking.......while I may know that the homes are foreclosures since I stay on top of the real estate market in Wake Forest NC that others may not.  On the exterior the homes look like any other home on the street.  They have a manicured lawn, a beautiful front porch, maybe a fenced back yard and all the characteristics that you would expect from a home.  Many buyers that I work with started their search by EXCLUDING fo...
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