Raleigh Residential Real Estate Blog

Raleigh Residential Real Estate - Open House Sunday July 13, 2008 1106 Medlin Drive Cary, NC 27511

The Poling Team will be doing an open house tomorrow at this great home in Cary, NC.

Here’s a list of updates that have been done.

*All bathrooms with tile floors, new cabinets & solid surface counters with solid surface formed sink bowls – remodeled in 2001
*Kitchen remodeled in 1999 to include lots of select and choice solid light finished wood cabinets, wood trimmed laminate counters and a desk area with cabinets overhead
*New roof in 1996
*Dishwasher, stove and refrigerator – 4-5 years old
*Washer and dryer convey
*Vinyl tilt windows and storm doors – installed in 2002
*Gas hot water heater – 2002
 *New central forced air conditioning – installed 3-4 years ago
*Carpet installed 9-10 years old – extra thick pad
*New concrete driveway

All of this for only $199,000 –  COME AND SEE!

Raleigh Residential Real Estate – Well-cared for and updated split level home tucked away in the heart of Cary, NC

1106 Medlin Drive Cary, NC 27511

The Poling Team is excited to Offer this wonderful Cary, North Carolina Home for just $204,900!

The sellers are the original owners of this home, and they have watched over the details of its care with thoughtful concern through the years.  Since 2000, they have replaced the roof, remodeled three bathrooms, replaced the ac/heating and hot water units, replaced the windows and doors and built a deck.  The kitchen was remodeled in 1999.  Come live affordably in comfort and care with great accessibility in this wonderful 1709 sq. foot home in the heart of Cary!  Offered for $204,900.  MLS# 1001674

Raleigh Residential Real Estate – This Home Just SOLD in Cary, North Carolina

The PolingTeam just sold this well cared two story home in an established Cary neighborhood. It featured 4 bedrooms, an office, 2 ½ baths, a stone gas log fireplace in family room, a single car garage, a large screened porch and deck, and a large private back yard with another deck and above ground pool.

It sold for $230,000 with the seller paying $5,000 in closing costs.

The PolingTeam received this listing from a past client and we listed the home just before Thanksgiving. The home went under contract in just 17 days and the sale closed on Thursday.

This sale again shows that if a home is priced right and marketed well it will sell, even in a buyers market.

Most of the PolingTeam’s business comes from referrals or past clients as we really do provide a high level of personalized service and because we really work to get our listings out there on the internet. Because of my background in IT, we do innovative things to market our homes.

So if you are thinking of selling your home, contact us for a free market analysis  to get your home’s value. Should you select us, we’ll help you to sell your home quickly too.

Raleigh Residential Real Estate  Looking at Homes in the Raleigh, NC Area this weekend or just traveling around Raleigh, NC? Road work on I-40 could cause you some delays.

In an effort to help Raleigh visitors,  real estate agents, realtors and home buyers looking for a home in Raleigh, NC area this weekend, I thought I would share this travel alert.

Travelers heading east from Durham, RDU and Cary, NC can expect big delays this weekend in Raleigh on Interstate 40. Traffic will be squeezed into a single lane all weekend for pavement repairs near the Gorman Street interchange.

From 8 p.m. Friday to 6 a.m. Monday, two of the three eastbound lanes will be closed between Exit 293 (U.S. 1/64) and Exit 295 (Gorman Street).  Traffic backups of up to a mile are predicted by Andy Barry, the state Department of Transportation engineer in charge of the work.

I would anticipate that this is an optimistic forecast as this is a very busy section of road. An alternative route if you are coming east from Durham, is to take the I-540 Outer Loop all the way around North Raleigh to U.S. 64/264 at Knightdale, then head west on I-440 to Exit 301 (I-40 East). This adds about 10 miles to the trip, but it could save a 20 or 30 minute construction delay.

Travel westbound is not affected except for the potential of “rubber neckers”.

Read this mornings News and Observer Article   I-40 work could cause delays

So if you are looking for homes in Raleigh, NC this weekend (take a look at our Cary, NC Listing) or just traveling around the south side, the Poling Team suggests that you plan a few extra moments and consider your route.

Since the Poling Team currently has a Cary, NC home for sale, I thought it would be fun to highlight the City of Cary in today’s blog.

Cary, NC is located about 20 minutes from downtown Raleigh and consistently been rated by Money Magazine as of the best places to live in the U.S.

Cary is also recognized as on the Safest Places To Live, one of the Best Places To Retire and one of the Best Places To Raise a Family.

As to recreation, there are 27 greenway trails in Cary that provide over 26 miles of recreation in a natural setting. In addition, Cary has 25 parks and the Town of Cary provides a number of events that bring friends and families together. These include the Cary Road Race, the Spring Daze Arts & Crafts Festival, the Dinali Indian Festival of Lights and the Heart of the Holidays Celebration.

Downtown Cary is a happening place with a variety of specialty shops and restaurants that cater to virtually every taste.

If all this appeals to you and you are thinking of relocating to Cary, take a look at the Cary home we have listed at http://www.103mantlecourt.com/

The number of current listings in Apex, NC is 86% above the 3rd quarter of 2006. Cary has 15% more homes in the TMLS than last year and Morrisville has 5 % more homes on the market.

So with all this increase in inventory how has this affected the absorption rate? Absorption rate is the number of months it will take to sell all the homes currently on the market at the current years’ selling rate.

Morrisville’s supply for all residential property types is just under 3 months. Cary has a 3.2 month supply and Apex has a 4 month supply of homes for sale. When one examines just detached single family homes, Cary’s absorption rate stays about the same and Morrisville moves out to about 4 months.

There is an oversupply in the upper price points in Cary and Morrisville (1 mil.+) and there in an oversupply in Apex for homes priced at $500,000 and above.

The average list price in Cary is increasing somewhat, while it is decreasing in Apex and Morrisville.

103 Mantle Court - Cary, NC Home for SaleRaleigh Residential Real Estate - Cary North Carolina Home for Sale - New Podcast

I featured this home the other day in my blog at Cary Home Just Listed

Today, I would like to feature the new video for:

This home has been well-cared for and includes an updated kitchen with 42” cabinets. A new roof was installed just 5 years ago and the AC system and hot water heater were replaced in 2002. This year new energy efficient windows were installed throughout the home. Take some moments on the rocking chair front porch and I think you will find that this Cary offering is easy to call home.

Watch Now:

 Cary NC Home For Sale - 103 Mantle Court [2:33m]: Play Now | Play in Popup | Download
 103 Mantle Podcast [2:33m]: | Play Now | Play in Popup | Download

Raleigh Residential Real Estate - Cary Home Just Listed! 103 Mantle Court, Cary, North Carolina

Tucked away in a friendly established Cary neighborhood, this well-cared-for two story sits among mature hardwoods and offers a 16×19 screen porch and 10×15.9 deck, and a masonry fireplace in the den.

4 bedroom, 2 ½ bath with an office and a 0.42 acre lot.

Best Valued Home in Cary, NC  Offered for $225,000.

See lots of pictures of the home and take a virtual tour of the home at: http://www.103MantleCourt.com

This lovely home was just listed by The Poling Team.

Raleigh Residential Real Estate - The Raleigh, NC shifting real estate market is still a good time for real estate investors. Third Quarter national housing vacancy rates were not statistically different from the same period last year.

U.S. Census Bureau reported today that the national vacancy rates in the third quarter 2007 were 9.8 (+ 0.4) percent for rental housing and 2.7 (+ 0.1) percent for homeowner housing, the Department of Commerce’s Census Bureau announced today. The Census Bureau said the rental vacancy rate was not statistically different from the third quarter rate last year (9.9 percent), or the rate last quarter (9.5 percent).

Rental vacancy rates in the south averaged 11.9% in the 3rd quarter of 2006. This year they averaged 12.1% for the 3rd quarter. Homeowner vacancy rates edged up to 3.1% vs. 2.8% last year.

You can see the new home sales data and a Real Estate Market Update on the Poling Team website. Take a look:  Raleigh, NC Real Estate Market Update

Looking to understand the numbers? We have entered a mixed market when it comes to home sales in the Raleigh real estate marketplace. We can help, visit our website to see recent home sales data for Durham, Johnson, Orange and Wake counties. Raleigh, NC Home Sale Statistics

Are you interested in buying or selling a home? Want to make an intelligent decision? Contact US and we will provide helpful professional advice. We would like to be your Raleigh, NC realtor of choice.

Raleigh Residential Real Estate - New Home Sales rise in September?This is certainly not true of new home sales in Raleigh, Durham and the rest of the Triangle area of North Carolina.

Today’s News and Observer is reporting that, “The Commerce Department reported today that sales of new homes rose by 4.8 percent during September to a seasonally adjusted annual rate of 770,000 units.”

I don’t want to be a pessimist, but I don’t believe the government has it right. The National Association of Home Builders is questioning the numbers as well. Here is what they said today:

“Given the substantial downward revisions to home sales numbers for June, July and August, it must be said that this is still a fundamentally weak report”, noted NAHB Chief Economist David Seiders. “Moreover, the large sales gains reported in the West region are highly suspicious, given the results of our own builder surveys and large downward movements in existing-home sales in that region. On the positive side, builders do seem to be making progress on reducing the substantial overhang of unsold units on the market, according to the latest figures.”

Sales of new construction homes in the main four county area of the Triangle, NC declined by 23.8% according to statistics from the Triangle Multiple Listing service (TMLS.)

You can see the new home sales data and a Real Estate Market Update on the Poling Team website. Take a look: Raleigh, NC Real Estate Market Update

It’s important to understand the numbers as we have entered a mixed market when it comes to home sales in the Raleigh real estate marketplace. While we have shifted to a buyers market in some areas and some price points, there are still markets in the Triangle where there is an undersupply of homes in certain price points.

Contact Us if you are interested in buying or selling a home and we will provide helpful professional advice so you can make intelligent decisions.