Raleigh Residential Real Estate Blog

Raleigh Residential Real Estate - For Sale -Just Listed in Johnson County

A Ranch Home on 1 acre

112 Juniper Court Garner, NC 27529

The PolingTeam is happy to announce a new listing in Johnson County. Enjoy country living and the convenience of easy access to the rest of the Triangle area of NC. Located only 2 miles from the intersection of Hwy. 42 and I-40 you will find this home a delight.

Situated on 1+ landscaped acres at the end of a cul-de-sac offering plenty of parking, a covered front porch with swing, open floor plan, tiled kitchen and bathroom floors, cathedral ceilings, ceiling fans, LARGE bedrooms and closets, 2 miles from I40.

Offered for $149,900

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 - Real Estate Market Update for January 2008

It is hard for me to believe that I have been gone from my Raleigh Residential Real Estate blog for so long. Linda and I (The PolingTeam) had a wonderful holiday season with family and friends. Then our youngest son was married in Tennessee on January 5.

So with all those activities and keeping up with several year end home sales and a closing on January 8 for a California relocation home buyer, I have not taken the time to write.

However, I trust you will be interested to see what I have been working on for the last several weeks in regards to the status of the Raleigh, NC area real estate marketplace.

I have posted a fairly comprehensive report and a series of graphics that show a summary of the Triangle’s four main counties real estate sales for 2007 and predictions for the upcoming year. Even with all the mortgage turmoil and the declining sales numbers for the last half of the year, it still can be said that the Raleigh Area of North Carolina had a great year in 2007 for buying and selling real estate.

In the upcoming days, I will be sharing more about why it is a good time to buy a home in the Raleigh, NC area. For now take a look at my real estate market update at: Raleigh, NC Real Estate Market Update

Raleigh Residential Real Estate Thinking of selling your Apex, Cary, Knightdale, or any other Raleigh area home? Concerned about listing during the holidays? There are 11 reasons why you should put your home on the market now.

Thinking of selling your Apex, Cary, Knightdale, Raleigh or Wake Forest home? Concerned about listing during the holidays? The Poling Team has 11 reasons why you should put your home on the market now. In yesterday’s blog I covered No. 11 through no. 6 and today I will finish with the top 5 reasons.

No. 5 Buyers are more emotional during the Holidays, so they are more likely to pay your price.

No. 4 Houses show better when decorated for the Holidays.

No. 3 Since the supply of listings will increase in January; there will be less demand for your particular home. Less demand means less money for you.

No. 2 Serious buyers have fewer houses to choose from during the Holidays and less competition means more money for you!

And the Number One Reason Sellers Should List During the Holidays…

No. 1 People who look for homes during the holidays are serious buyers!

Raleigh Residential Real Estate –
Hot Real Estate Topic Affecting Raleigh Area Home Owners – New Home Revaluation Letters on the way.

Monday of this week updated tax values were placed on-line on the Wake County Register of Deeds website. Mailings went out to 312,000 property owners and Wake Count Officials expect about 10% of the property values will be appealed.

In North Carolina, property values are re-evaluated every 8 years, but the tax rate can be adjusted every year. The last revaluation was done in 2000 and under the new revaluation; home values will increase an average of 43%.

Durham County also sent out letters with the new property values to 97,000 property owners and so far about 400 people have made appointments for an informal review according to the News and Observer.

The Poling Team’s home in Knightdale, NC was valued at $198,529. The letter we received this week says that our Knightdale home is now valued at $258,981. That’s a 30.5% increase. It’s amazing how much difference a day makes.

You can read the full News and Observer article here: Wake Property Value Notices Go Out
 

Raleigh Residential Real Estate - Just Listed in Raleigh, NC - Best Home Buy in Riverside Subdivision!

At just $249,900, this 2573 square foot home offers great value in an ultra convenient location.  Just minutes from I-540, this home is easily accessible to just about everything.

You can also access me and more information about the home on our website:  www.PolingTeam.com. 

Watch Now:

 5933 Myakka Court Podcast - wmv [1:47m]: Play Now | Play in Popup | Download
 5933 Myakka Court - mp4 [1:47m]: | Play Now | Play in Popup | Download

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