Welcome to the weekly report for real estate in Wake Forest, NC. This report covers homes for sale with a Wake Forest address.

·         As of today there are 905 homes on the market in Wake Forest. 

·         The average list price is $428,802 with a median price of $349,900. 

·         Homes in Wake Forest have been on the market an average of 170 days. 

·         There are currently 97 homes under contract.

October 2008 Statistics:

·         For the month of October there were 58 homes that closed in Wake Forest with an average sales price of $326,396 and median price of $277,995. 

·         Homes sold for an average of 96% of the list price.

·         In contrast there were 118 homes in Wake Forest that closed in October of last year (2007) for an average of 98% of the list price.

For those of you curious as to the highest priced home for sale with a Wake Forest address it is located in Hasentree.  Hasentree is located off of HWY 98 and is home to the only Tam Fazio designed golf course in the area.  The home is priced at $4,598,000 and has 11,000 square feet!  There are currently 29 Active Homes for sale in the Hasentree Subdivision.  Call Alice today if you are interested in the Hasentree community or any other golf community in our area.

As always please remember the Alice Ray Team when you or anyone you know is thinking about buying or selling homes in the Wake Forest area.  We are a full time, full service real estate team here to help you 7 days a week.