With all the doom and gloom we hear in the local and national main stream media, most people get the impression that the real estate business is down in the area, because it is down somewhat nationally, and really hit a low point in some specific areas of the nation, like parts of the North East, Los Vegas, and others.
Well, just how many homes would you think have gone under contract, 'pending' in the Triangle here, IE: under contract to be sold? In just the past 2 weeks...the end of November to December 2nd? 50? 175 homes, 200 homes? 20 homes a day, which would be 280 homes sold in 2 weeks?
The real number of homes sold in the Raleigh, Durham, Cary and Chapel Hill area of North Carolina is 975 homes, which include a few plots of land. This figure is varified with the N.C.Board of Realtor's TEMPO MLS system, with a status check made December 2nd, 2007, 10:30 PM.
And that figure does not include Commercial Real Estate. 975 in 2 weeks in the 'off season' of November and December. Not bad, huh? 25,350 would be the total homes sold in one year at the pace of 975 homes sold each 2 weeks.
The actual number of homes sold in the past year, December 2, 2006 to December 2, 2007
is 36,987 residential homes, which does not count land, and commercial property, and the few FSBOs, which are a very, very small fraction of what the Real Estate Community sellers. One of the big reasons Real Estate Agents the vast majority of the homes, including selling a large percentage of For Sale By Owners, is that the Buyer Agent's Services are Free to the buyer, and a Trained Buyer Agent who does local business day in and day out as a noble profession, brings so much knowledge, skill and disclosure to the investment, that a smart buyer just naturally wants knowledgeable guidance in this purchase of a home, which in most cases, will be the largest single purchase a person will ever make.
Let us help you. It would be an honor. The award winning web site most use is: www.kasparteam.com It has up-to-date local real estate information, costs, pitfalls, and, local school information, and a complete in-depth listing of over 17,000 detached homes and town homes in Cary, Apex, Raleigh, Durham, Chapel Hill, Holly Springs, Fuquay -Varina, Clayton, Windell, Zebulan, Knighdale, and other Triangle N.C. area communities, like Wake Forest and Youngsville, N.C. Call our agent on duty at 919-469-6555.
Regards, Vic Kaspar, Lead Broker, Hall of Fame Realtor, REMAX United
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