How's the Real Estate Market?

People are always asking me about the real estate market.  The perception is that the market is very poor all around.  However, I generally try to explain that in real estate it is all about location.  As they say, location, location, location. Location is not just the region, county, or town, it goes alway down to the neighborhood and even sometimes the street.  How well our neighbor maintains his home not only affects the value of his home, but the value of the neighborhood.  The charts below are the latest glimpse of the real estate market in the triangle showing the top 30 appreciating subdivision.  I hope that you find the information helpful.  If you have any questions or want to know the approximate value of your home, just ask.  That is my speciality.  

Top 30 Appreciation Subdivisions Per Area Report

The subdivisions presented below are the top 30 within the geographic area stated in terms of percent per year appreciation. This list is developed by taking the subdivisions with the most qualifying resale's. The subdivision name is followed by the average percent per year gain from prior purchase price, the average years of ownership, the number of qualifying sales in our database during the past 13 months and the average sales price of those sales.

Average Appreciation CARY/APEX/MORRISVILLE PUD/SUBDIVISION Avg Years Avg PPY # of sales Avg Price MACGREGOR DOWNS 10 4.69% 13 $474,885 SPRINGBROOKE 6 2.4% 10 $224,950 UPCHURCH FARMS 4 2.08% 12 $279,333 CHARLESTON VILLAGE 9 2% 10 $235,950 SILVERTON 7 1.95% 20 $203,900 WESTON POINTE 9 1.8% 10 $348,350 SCOTTISH HILLS 13 1.8% 20 $198,550 PRESTON 13 1.75% 16 $484,219 KILDAIRE FARMS 11 1.74% 77 $165,994 PERRY FARMS 7 1.7% 10 $180,100 SUNSET HILLS-APEX 7 1.65% 17 $160,324 PEARSON FARMS 9 1.62% 13 $248,846 SCOTTS MILL 6 1.49% 39 $239,513 WALDEN CREEK 8 1.41% 17 $261,824 WATERFORD GREEN 6 1.4% 10 $270,700 KELLY WEST 6 1.2% 10 $217,850 RIGGSBEE FARM 7 1% 13 $374,923 MACARTHUR PARK 11 0.92% 12 $304,625 REGENCY PARK 8 0.92% 37 $571,230 BROOKGREEN FOREST 7 0.9% 10 $224,750 PRESTON 8 0.67% 61 $410,574 WELLSLEY 10 0.6% 10 $348,900 HERITAGE PINES 6 0.5% 12 $251,292 WELLINGTON 9 0.5% 20 $158,650 CARPENTER PARK 6 0.5% 12 $164,833 PARK VILLAGE 6 0.39% 23 $216,478 BRECKENRIDGE 7 0.34% 58 $197,784 LOCHMERE 8 0.3% 10 $289,250 ABBINGTON 7 0.25% 12 $415,625 DOWNING VILLAGE/GLEN 5 0.17% 24 $188,813 Area Averages 8 1.29% 618 $277,100 INSIDE BELTLINE PUD/SUBDIVISION Avg Years Avg PPY # of sales Avg Price SUNSET HILLS-RAL 8 5.4% 10 $473,850 LONGVIEW PARK 14 5.1% 10 $121,301 LAKEMONT 11 4.71% 21 $202,476 NORTH HILLS 15 4.67% 24 $321,750 AVERY CLOSE 8 2.8% 10 $79,150 HEATHER HILLS 18 2.55% 11 $124,909 CAMERON VILLAGE 8 2.54% 26 $196,538 COLONIAL HEIGHTS 12 0.8% 10 $132,200 HUNTERS CREEK 8 0.77% 13 $122,769 LAKEMOOR 7 0.4% 10 $209,950 AVERY PARK 7 0.4% 10 $120,300 CHASTAIN 4 0.11% 18 $139,556 PARKRIDGE LANE 5 -0.33% 12 $192,167 RIVERBROOKE 5 -1% 10 $130,100 VAN STORY HILLS 10 -2.4% 10 $110,950 UNIVERSITY COMMONS 6 -2.81% 16 $98,813 OLDE RALEIGH 7 -3.9% 10 $463,550 BATTLE RIDGE 4 -4.59% 17 $138,206 Area Averages 9 0.85% 248 $187,696 GARNER PUD/SUBDIVISION Avg Years Avg PPY # of sales Avg Price TURNER FARMS 9 1.15% 13 $198,500 EAGLE RIDGE 5 -2.73% 26 $204,173 Area Averages 7 -0.79% 39 $201,337 WAKE FOREST PUD/SUBDIVISION Avg Years Avg PPY # of sales Avg Price CIMARRON 5 4.75% 12 $151,167 MITCHELL MILL 6 3.08% 12 $176,708 DEACONS RIDGE 8 2.25% 12 $214,750 OLDE MILL STREAM 6 -0.27% 11 $193,409 CADDELL WOODS 5 -1% 12 $193,375 BRAEFIELD 5 -1.82% 11 $184,682 WAKEFIELD 5 -2.31% 83 $325,181 NEUSE CROSSING 7 -2.43% 21 $175,381 SUNCREST VILLAGE 5 -3.33% 12 $205,458 HERITAGE WAKE FOREST 4 -3.67% 69 $332,601 Area Averages 6 -0.48% 255 $215,271 EAST RALEIGH/WAKE PUD/SUBDIVISION Avg Years Avg PPY # of sales Avg Price BRENTWOOD 14 0.43% 23 $131,587 PLANTERS WALK 7 -0.31% 26 $158,500 HEDINGHAM 6 -0.49% 84 $145,060 PRINCETON MANOR 3 -0.7% 10 $288,450 WIDEWATERS 5 -0.9% 10 $165,600 RUTLEDGE LANDING 4 -1% 12 $99,500 SOUTHALL 9 -1.31% 13 $154,885 MINGO CREEK 5 -1.6% 15 $129,733 VILLAGE LAKES 8 -1.91% 11 $143,364 EDGEWATER 4 -2.42% 12 $163,458 AMBER RIDGE 4 -3.5% 14 $125,786 EMERALD POINTE 5 -4.27% 11 $142,000 Area Averages 6 -1.50% 241 $153,994 NORTH RALEIGH/WAKE PUD/SUBDIVISION Avg Years Avg PPY # of sales Avg Price QUAIL HOLLOW 16 5.6% 10 $254,100 SIX FORKS NORTH 10 4% 15 $146,667 NORTH RIDGE 13 3.35% 54 $295,176 WILDWOOD GREEN 8 3.25% 12 $340,583 BARTONS CREEK BLUFFS 6 2.55% 11 $384,227 DURANT TRAILS 9 2.16% 19 $226,947 BROOKHAVEN 15 2% 10 $346,850 BENT CREEK-NRAL 9 2% 13 $110,538 WYNGATE 9 1.83% 12 $254,792 WINDSOR FOREST 7 1.81% 16 $212,500 NORTHCLIFT 5 1.6% 10 $183,700 BRITTANY WOODS 6 1.46% 24 $153,458 CRABTREE PINES 10 1.27% 11 $131,182 WOODLAWN 6 1.24% 17 $222,588 STONEHENGE 10 0.93% 15 $320,600 DOMINION PARK 8 0.85% 26 $233,231 STONEHENGE 8 0.83% 35 $235,229 FALLS RIVER 7 0.65% 43 $242,977 PINECREST-NRAL 8 0.62% 16 $232,594 PEMBERTON 8 0.58% 12 $222,042 BERKSHIRE DOWNS 13 0.45% 11 $85,727 CORNERSTONE PARK 5 0.06% 33 $183,364 GREYSTONE 9 0% 28 $238,982 WOOD SPRING 7 0% 11 $341,727 DELTA RIDGE 6 -0.26% 27 $168,630 CAMDEN PARK 5 -0.53% 15 $157,300 HARRINGTON GROVE 7 -0.56% 45 $222,144 LONG LAKE 5 -0.66% 38 $233,618 PARK@PERRY CREEK 6 -1% 17 $163,324 CARDINAL GROVE 10 -1.09% 11 $140,409 Area Averages 8 1.17% 617 $222,840 SWCARY/FUQUAY/HSPRINGS PUD/SUBDIVISION Avg Years Avg PPY # of sales Avg Price PLEASANT RIDGE ESTATES 12 4.09% 11 $144,636 WINDCREST 4 3.85% 13 $208,769 GLENRIDGE 10 2.69% 13 $300,538 LOCHMERE 11 1.79% 47 $337,713 SANDY SPRINGS 6 1.67% 21 $125,405 JAMISON PARK 5 1.4% 10 $531,600 TRAILWOODS 7 1.25% 40 $158,900 LOCHMERE HIGHLANDS 9 1.14% 14 $317,286 COVENTRY-CARY 11 1.1% 10 $298,900 AMHERST-SWAKE 7 1% 12 $148,792 WOODCHASE 5 0.8% 15 $166,533 PHILLIPS POINTE 5 0.25% 12 $132,667 REMINGTON 8 -0.06% 16 $137,781 AUTUMN PARK 5 -0.58% 12 $181,875 CRESCENT RIDGE-CARY 4 -0.6% 10 $156,600 SUNSET RIDGE 7 -0.78% 65 $331,731 VILLAGE OF SIPPIHAW 6 -1.08% 12 $222,750 OAK HALL 5 -1.09% 22 $195,023 SUNSET OAKS 3 -1.17% 12 $278,083 VILLAGES OF TRYON 5 -1.31% 13 $140,885 ARBOR CREEK 7 -1.32% 31 $157,677 HOLLY GLEN 5 -1.43% 28 $212,786 CARRIAGE HEIGHTS 3 -1.5% 10 $175,550 CAMDEN CROSSING 5 -1.69% 13 $157,038 BRAXTON VILLAGE 4 -2.32% 28 $185,571 CROOKED CREEK 7 -2.36% 14 $303,607 PARK@WEST LAKE 4 -3.38% 24 $343,792 WILLOW BLUFFS 7 -3.8% 10 $148,200 PARK GROVE 4 -5.8% 10 $186,850 CENTENNIAL 6 -6.36% 11 $101,636 Area Averages 6 -0.52% 559 $216,306 This information was taken directly from the TARR Report from which I am a subscribing member.

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