Wake Forest Homes & Real Estate

Foreclosures! Complete MLS Sheets on all the Raleigh Area Foreclosures & Information on Buying Them!

tripp@aliceray.com (Tripp) — Tue, 18 Aug 2009 16:13:51 GMT

Are you looking for or thinking about purchasing Foreclosures?

Here is the information you need to know as well as access to all of the areas foreclosures!

To start with here are the links that will show you the full MLS sheet on every property in Foreclosure in the following counties that is actively listed in the MLS system:

Links Updated 8/18/2009

Click here to view foreclosures in Wake County - 132 Available!

Click here to view foreclosures in Franklin County - 26 Available!

Click here to view foreclosures in Granville County - 9 Available!

Click here to view foreclosures in Johnston County - 69 Available!

Click here to view foreclosures in Durham County - 77 Available!

On each of the above links it will take you to a page that looks like the screen shot below. You will be able to move through each of the listings by clicking on the right arrow as indicated in the screen shot below. The screen shot below also tells you how to look at the pictures and a virtual tour if available.

You can also request any of these searches be set up for you and have them automatically email you new listings everyday by sending us an email at alice@aliceray.com and letting us know what type of search you would like.

If you are interested in purchasing any of the homes please let us know and we would be glad to assist you as your buyer's agent. You can call us at 919-556-6459 or email us at alice@aliceray.com.

*These listings are in the Triangle MLS System and are not listed directly by our team. As Realtors we are able to show you any home on the market and provide information to you. We will be able to assist you as your buyer's agent in the purchase of any of the homes.

First Time Homebuyers - This Blog is for You! $8,000 Tax Credit Info & More!

tripp@aliceray.com (Tripp) — Wed, 20 May 2009 16:10:21 GMT

First Time Homebuyers

What you need to know!

First off you have made a good first step by visiting our website. In this blog we are going to try to give you all the information you want without requiring anything of you. No special meeting to attend, no phone number, and no email address. In the end we hope you have gained some knowledge and are ready to make that exciting step into homeownership!

Here is a list of things we are going to cover:

1. First Time Buyer Tax Credit

2. Getting Pre-Approved for a Mortgage

3. Choosing a Realtor to Represent You!

4. Searching for Homes

5. Making the offer!

6. Savings of Owning versus Renting

7. Give the Alice Ray Team a Call or Email!

You can reach us at alice@aliceray.com or contact Alice directly at 919-906-5794!

Ready? Let's get started! Click on any of the above topics to the specific blog on that section!

3 Open Houses in Wake Forest, NC - Twin Creeks, Galloway, & Bishops Gate Subdivisions!

tripp@aliceray.com (Tripp) — Mon, 16 Feb 2009 16:30:21 GMT

3 OPEN HOUSES SCHEDULED THIS WEEK!

Thursday February 19^th from 4:00PM to 7:00PM

Visit the new home at 1304 Haltwhistle Street in the Twin Creeks section of Olde Mill Stream in Wake Forest , NC . This is a new construction home that features over 3000 square feet. You can view more information about this Wake Forest Home by clicking here.

Directions: US1N to Wake Forest past 98 intersections. Follow to third stop light -Rt on Harris Rd. - Cross over at 4 way stop- Lt on Barnford Mill - Lt on Coram Fields - Rt on Haltwhistle.

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Sunday February 22^nd from 1:00pm to 3:00pm

Visit the home at 7488 Drumantrae Lane in the Galloway Subdivision of Wake Forest, NC. This luxury home sits on a beautiful 1.37 Acre Lot and also features an attached 4 car garage. You can view more information about this Wake Forest Home by clicking here.

Directions: From Raleigh take US1 N./Capital Blvd -pass Hwy 98-Lt on Jenkins Rd-Rt on Thompson Mill - Lt into Galloway on Calliness- Lt On Blykeford- Lt on Drumantrae.

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Sunday February 22^nd from 2:00pm to 4:00pm

Visit the home at 12764 Pamplona Drive located in Bishops Gate Subdivision in Wake Forest , NC . This 3 Bedroom, 3 Bath ranch plan with upstairs Bonus features a 1 Acre Lot with patio, deck, screened porch, and side load 2 car garage! You can view more information about this Wake Forest home by clicking here.

Directions: US1 N to Wake Forest. LT on Purnell Rd. RT into Bishops Gate. OR 98W to RT on Camp Kanata. Left on Purnell. RT into Bishops Gate on Pamplona.

Wake Forest Real Estate Report - Covering Homes with a Wake Forest address

tripp@aliceray.com (Tripp) — Mon, 29 Dec 2008 20:22:49 GMT

Welcome to the Wake Forest real estate report for homes in Wake Forest , NC for the week of 12/29/2008. This report covers homes for sale with a Wake Forest address.

· As of today there are 821 homes on the market in Wake Forest .

· The average list price is $429,424 with a median price of $350,000

· Homes in Wake Forest have been on the market an average of 191 days (cumulative days) – if you are an agent and would like to know how to calculate average number of cumulative days let me know and I will be glad to share.

· There are currently 87 homes under contract. Of these 39 have an estimated closing date of sometime between today and the end of January.

Homes that closed in the last quarter of 2008 have sold for an average of 95% of the original list price. The average sales price per square foot has been $114. Many sellers need to take a close look at their listing price and make sure they have it at a price that will sell. The average list price per square foot currently is $134 which means most sellers have their home listed at a price that is unrealistic in today’s market.

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. If you have any questions on these reports or would like to see reports on other areas in the future please let us know!

Search every home for sale in the Triangle MLS at http://www.aliceray.com/Search.aspx and see all of Alice’s Featured Listings at http://www.aliceray.com/featuredlistings.aspx. We can also set you up with a custom search directly from the MLS system that automatically updates you when new listings come on the market or there are price changes. This search also provides you with a full MLS sheet that provides more information than any other search available! Just email us your search criteria and we will be glad to set it up for you.

Real Estate Report for Homes in Wake Forest 12/22/08

tripp@aliceray.com (Tripp) — Mon, 22 Dec 2008 15:50:08 GMT

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

· As of today there are 832 homes on the market in Wake Forest .

· The average list price is $427,011 with a median price of $349,927.

· Homes in Wake Forest have been on the market an average of 184 days (cumulative days) – if you are an agent and would like to know how to calculate average number of cumulative days let me know and I will be glad to share.

· There are currently 99 homes under contract. Of these 50 have an estimated closing date of sometime between today and the end of January.

November 2008 Statistics:

· For the month of November there were 45 homes that closed in Wake Forest with an average sales price of $289,280 and median price of $275,000.

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

· In contrast there were 108 homes in Wake Forest that closed in November of last year (2007) for an average of 98% of the list price.

Here are the month to date numbers (December 1^st – December 22^nd) from the Centralized Showing Service which handles setting up all of the showings for the Triangle MLS members. These only include homes with a Wake Forest zip code.

This chart indicates that there are the most showings so far in December in the price range of $150,000 to $200,000. Homes for sale in this category are also having a higher number of average showings per listing at 2.7 each during the first 22 days of December which you can see from the chart below.

Search every home for sale in the Triangle MLS at http://www.aliceray.com/Search.aspx and see all of Alice ’s Featured Listings at http://www.aliceray.com/featuredlistings.aspx.

Wake Forest Real Estate Report for the week of December 8th, 2008

tripp@aliceray.com (Tripp) — Tue, 09 Dec 2008 18:03:39 GMT

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

· As of today there are 856 homes on the market in Wake Forest .

· The average list price is $431,190 with a median price of $349,900.

· Homes in Wake Forest have been on the market an average of 176 days (cumulative days).

· There are currently 109 homes under contract. Of these 57 have an estimated closing date of sometime this month.

November 2008 Statistics:

· For the month of November there were 45 homes that closed in Wake Forest with an average sales price of $289,280 and median price of $275,000.

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

· In contrast there were 108 homes in Wake Forest that closed in November of last year (2007) for an average of 98% of the list price.

This week I’ve decided to include some numbers from the Centralized Showing Service which handles setting up all of the showings for the Triangle MLS members. Here’s what I found for the month of December so far (9 days).

This chart indicates that there are the most showings so far in December in the price range of $150,000 to $200,000. Homes for sale in this category are also having a higher number of average showings per listing at 2 each during the first 9 days of December. Overall showings appear to be about the same as last year at this time.

Search every home for sale in the Triangle MLS at http://www.aliceray.com/Search.aspx and see all of Alice ’s Featured Listings at http://www.aliceray.com/featuredlistings.aspx.

Wake Forest Real Estate Report for the Week of December 1st, 2008

tripp@aliceray.com (Tripp) — Mon, 01 Dec 2008 18:35:11 GMT

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 871 homes on the market in Wake Forest .

· The average list price is $430,911 with a median price of $348,900.

· Homes in Wake Forest have been on the market an average of 173 days.

· There are currently 106 homes under contract.

November 2008 Statistics:

· For the month of November there were 45 homes that closed in Wake Forest with an average sales price of $289,280 and median price of $275,000.

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

· In contrast there were 108 homes in Wake Forest that closed in November of last year (2007) for an average of 98% of the list price.

This report included the month end figures for November. As you can tell the numbers continue to be quite a bit off from where they were last year. This is good news for buyers as there continues to be a large inventory to choose from and mortgage rates are excellent. If you are a buyer that is planning to get an FHA loan and are currently on the fence about a property you may want to hurry and make a decision soon. After the end of the year the down payment required for an FHA loan will increase as well as the loan limits. If you are selling a property now is definitely the time to take a hard look at what properties are selling and compare yours to those. Too often sellers will only look at what other properties are on the market for and compare their home to those, but you must remember that those properties are still for sale and may not be priced correctly themselves.

Even though homes sales are still off from where they were last year at this time, the Wake Forest and Raleigh real estate market continues to be somewhat recession proof. Other areas of the county continue to see large decreases in home values but our area is not seeing a large decrease. This is mainly because we never saw the over inflated appreciation that other areas saw.

Wake Forest Real Estate Report for the Week of November 24, 2008

tripp@aliceray.com (Tripp) — Mon, 24 Nov 2008 21:46:23 GMT

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.

Wake Forest Real Estate Report for the Week of November 17, 2008

tripp@aliceray.com (Tripp) — Mon, 17 Nov 2008 19:47:53 GMT

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 908 homes on the market in Wake Forest .

· The average list price is $428,962 with a median price of $349,900.

· Homes in Wake Forest have been on the market an average of 165 days.

· There are currently 107 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.

There is a lot of inventory on the market right now which means that it is a great time to buy. In a few years time everyone will probably be telling themselves that they wished they would have purchased a home at today’s prices. Now is also a great time to sell your current home and move up to a large home. Even if you need to sell your current home for less than desired you will more than recoup the difference in what you will be able to purchase the larger home!