Cary, NC Real Estate News

By Tracy Santrock, Raleigh - Cary Realtor/Broker In Charge
(Fonville Morisey/Santrock Realty Group, Inc. )
Buyer's market? Seller's market? Get a snapshot of current conditions in your area from a local real estate professional. Click on your state or province below. Top > North Carolina > Cary Market Conditions for Cary, North CarolinaReported by Tracy Santrock, REALTOR, ePROAs of February 27, 2007. Current Market Rating: 3 1 2 3 4 5 Buyer's Seller's Current Price Trend: 4 1 2 3 4 5 Falling Rising In many regions across the United States home prices have been rising sharply, and media coverage has predicted a burst in the "so-called" housing market bubble. Are you are concerned about a possible real estate bubble in Cary? " The National Association of Realtors Research Division recently conducted a home price analysis in the Raleigh-Cary MSA. The reports concluded that there was very littl...
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By Tracy Santrock, Raleigh - Cary Realtor/Broker In Charge
(Fonville Morisey/Santrock Realty Group, Inc. )
 The Five Star Umstead Hotel & Spa in Cary, NC My daughter Jordan, 15, goes to Cary Academy in Cary.  This school is the brainchild of Dr. Jim Goodnight that owns SAS institute in Cary.  SAS is actually the largest privately held software company in the world!!  In past years the Goodnights have spearheaded projects like Cary Academy, the development of Prestonwood and Prestonwood Country Club.  They have now expanded their efforts with the first FIVE STAR hotel in North Carolina.  Truly, with the exception of the trees, you will feel you have been transplanted to Chicago or New York!! Some key features of the new development include: 150-room hotel features 27 suites with a 14,000-square-foot full-service spa and original artwork throughout to be built beside a three-acre lake as an in...
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By Mike Jaquish, 919-880-2769 Cary, NC, Real Estate
(Realty Arts)
A settlement called Bradford's Ordinary began in 1750 in what is now Cary. However, the man credited with founding Cary was Allison Francis "Frank" Page, who was its first developer, mayor, postmaster and railroad agent.Page-Walker HotelPage and his wife, Catherine "Kate" Raboteau Page bought 300 acres here in 1854. He named his development after Samuel Fenton Cary, a prohibition leader from Ohio. Cary was incorporated in 1871, several years after the Seaboard and North Carolina railroads formed a junction in Cary.Page, whose main business was a sawmill, laid out the first streets of Cary and built a hotel. What became known as the Page-Walker Hotel is now an arts and history center on Town Hall campus. It is on the National Register of Historic Places.With development of Research Trian...
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By Mike Jaquish, 919-880-2769 Cary, NC, Real Estate
(Realty Arts)
Bond Park is the largest municipal park in Wake County, NC.At 310 acres, it includes seven ballparks, several picnic shelters, a 300 seat amphitheatre, trails and greenways, The 16,000 square foot Cary Senior Center, a  29,000 square foot Community Center, a large playground, picnic tables, and a 42 acre lake complete with a boathouse, boat rentals, boat launch, and a deck with screen porch, and rocking chair for relaxing and viewing the lake.Bond Park is a favorite play area for Cary residents of all ages.  While it is busiest during the summer sports, picnic and fishing seasons, Bond Park hosts many activities all through the year.Seven Ballparks like this: Kiwanis Picnic Shelter:Bond Park Community Center:Boathouse complex views: There's Bass in those waters!  Lake view at Bond Park:...
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By Mike Jaquish, 919-880-2769 Cary, NC, Real Estate
(Realty Arts)
Weatherstone is a mature neighborhood of 200+ move-up homes in Cary. Weatherstone is accessed from High House Road, east of the intersection with Cary Parkway, or from NW Maynard Road. View current Active Home Listings in Weatherstone. Raleigh, home of NC State University, is a 20 minute drive. The Research Triangle Park, "RTP," is about the same. Heavy drive-time traffic can lengthen either commute. The neighborhood was developed in the mid/late 1990's by Weatherstone Associates, using several reputable builders. Over 200 traditional and transitional homes comprise Weatherstone. Home sizes range from 2500 to 3700 square feet. Typical Weatherstone amenities include 4 or 5 bedrooms, 2.5 to 3.5 baths, bonus rooms, separate formal areas, many windows to light the home, .25 to .9 acre lots...
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By Mike Jaquish, 919-880-2769 Cary, NC, Real Estate
(Realty Arts)
Park Village is a mature community of 600+ homes in Cary, NC.  Park Village is situated on Davis Drive, south of the intersection with High House Road.   Raleigh is a 20 minute drive.  The Research Triangle Park, "RTP," is about the same.   Drive-time traffic may lengthen commutes. View the current Active Listings in Park Village.   Davis Drive entrance sign The neighborhood was developed in the mid 1990's by Sunstar Homes/Solaris Development Corporation.  Park Village home sizes range from 1300 to 3400 square feet.   Park Village Street Scene Typical amenities include 3 to 4 bedrooms, 2 or 2.5 baths, bonus rooms, open floor plans, many windows to light the home, .12 to .22 acre lots, 1 or 2 car garages, natural gas heat, and a surburban cul-de-sac street development.    School assignme...
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By Mike Jaquish, 919-880-2769 Cary, NC, Real Estate
(Realty Arts)
Whitebridge is a mature neighborhood of 110 homes in Cary.  Whitebridge is situated on Davis Drive, just south of the intersection with High House Road.   Raleigh is a 20 minute commute.  The Research Triangle Park, "RTP," is about the same.  Both commutes can vary during heavy drive-time traffic. The neighborhood was developed in the mid/late 1990's by SAS Institute and Engle Homes.  110 pleasant transitional homes comprise Whitebridge, with home sizes ranging from 2400 to 3800 square feet.  View currently available homes in Whitebridge. Typical amenities include 3 to 5 bedrooms, 2.5 or 3 baths, bonus rooms, separate formal areas, many windows to light the home, .25 to .55 acre lots, 2 car garages, dual-zone HVAC with natural gas heat, and a surburban cul-de-sac street development.  Ki...
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By Mike Jaquish, 919-880-2769 Cary, NC, Real Estate
(Realty Arts)
Giverny is a pleasant and mature neighborhood of 92 homes off the Cary Parkway.  Giverny is nestled in between Bishop's Gate subdivision and Gralyn neighborhood of MacArthur Park. View current Active Listings for Giverny and MacArthur Park. (Note: Giverny is not part of MacArthur Park, but TMLS does not separate the two neighborhoods.)   Raleigh is a 20 minute commute.  The Research Triangle Park, "RTP," is about the same.  Both commutes can vary during heavy drive-time traffic. The neighborhood was developed in the early/mid 1990's by New Fortis Homes, now KHovnanian.  Ninety-two pleasant transitional homes comprise Giverny, with home sizes ranging from 2000 to 3300 square feet.    Typical amenities include two story family rooms, 3 to 5 bedrooms, 2.5 or 3 baths, separate formal areas,...
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By Mike Jaquish, 919-880-2769 Cary, NC, Real Estate
(Realty Arts)
How to raise some cash for a couple of hard-working non-profits?  How to have fun doing it?  How to get a bunch of Realtors in the same room and not talk Real Estate?  What to do for a holiday party?The Cary, North Carolina office of Keller Williams Realty had chosen two local non-profits to support on an ongoing basis:1.  The Center for Volunteer Care-Giving provides services aimed at helping folks stay in their homes by offering support to them and their families.  These are warm, generous people who voluntarily give of their time to offer respite care, transportation for errands or medical care, and give Seniors a chance to stay in the comfort of independent living as long as possible.2.  April's Angels offers fantasy bedroom makeovers to chronically ill children.  Think about where ...
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By Kevin Martini
(DNJ / Gateway Mortgage)
LAST WEEK (1-1 to 1-5-2007)Fascinating things were going on behind the scenes on Thursday afternoon...here's what happened.Late last week, analysts reduced their estimate for Friday's Jobs Report number from 115,000 to 100,000...this clearly indicating much lowered expectations in new job growth. Their predication was based on ADP reported job loss for the previous month and the FED sharing it thought the employment market would be cooling.  That means ...when Bond traders saw the late change in analysts formal expectations, they gobbled up even more Bonds ahead of the Jobs Report - figuring that the number would likely come in low, Bond prices would rally, and home loan rates would improve. {WHEN BONDS GO UP...YIELD GOES DOWN...WHEN YIELD GOES DOWN...HOME LOAN RATES GO DOWN}But this wa...
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By Kevin Martini
(DNJ / Gateway Mortgage)
It's that time of year again...I am ready to lay out our thoughts and forecast for the year ahead.  They say "hindsight is 20/20", and looking back, I an quite proud of how my past predictions have held up, especially in terms of interest rates.  So crystal ball, Ouija board, and Tarot cards aside, I will do my best to see into the future, and how 2007 might look on some specifics that could impact those looking to to purchase properties or refiannce properties.  The big pictureLet me tart out by looking at the US economy at large.  Things began to slow down in 2006, which was not only needed after its former torrid pace, but also exactly what the Fed wanted to see happen.  A "soft landing" for an overheated economy is something you often hear the Fed wants, but rarely can achieve...yet...
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By Tracy Santrock, Raleigh - Cary Realtor/Broker In Charge
(Fonville Morisey/Santrock Realty Group, Inc. )
The staff economist for the National Home Builders Association, Michael Carliner, says that the Triangle (Chatham, Durham, Franklin, Johnston, Orange and Wake Counties of North Carolina) is "perhaps the healthiest market in the United States."  Area job growth is exceeding the national average.  New people means more buyers and it certainly doesn't hurt the demand for apartments either.  In October, on a year to year basis, jobs increased nationally 1.5%, the Durham area increased 2.2% and the Raleigh-Cary metropolitan statistical area increased 4.4%.  As reported here before, the Triangle housing market has not been immune to the hit the national market has taken.  For the most part our problems have been that of people moving here are having problems selling their homes in the markets...
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By Charles Rankin
(Rankin Commercial Properties)
  There are a few things to look forward to in Cary NC.  Efforts are being made to redevelop down town Cary.  Since the redevelopment zoning plan of Down Town Cary was accepted by the Town Council, town officials have been creating more and more incentives for developers to come to Town including cheaper to no development fees.  The only issue holding Down Town Cary back from soaring ahead are landowners asking high prices. But not all land owners are being unreasonable.  There are several old churches and buildings within the district that have hit the market and have "motivated sellers." For more information on these properties, give me a ring.  If you are looking for space in Down Town Cary I can help you purchase or lease and upfit.
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By Tracy Santrock, Raleigh - Cary Realtor/Broker In Charge
(Fonville Morisey/Santrock Realty Group, Inc. )
A few years ago a group of dog owners approached the Town about providing a safe place where dogs could play and get exercise while not on a leash. In December 2004, more than 60 residents attended a meeting that the Town arranged for public input. The Cary Dog Park Club has hosted several "Dog Park for a Day" events that the Town sponsored. Club members have held the events to demonstrate how a dog park would work and to help raise money for one.  As a result of the residents effort, a wonderful new dog park in the Triangle area has opened.  This dog park is located at 2050 North West Marynard near the corner of Chapel Hill Road and Maynard.  The town of Cary's first dog park will provide a place for dog owners to let their pets run free safely and legally without a leash.  The park i...
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By Tracy Santrock, Raleigh - Cary Realtor/Broker In Charge
(Fonville Morisey/Santrock Realty Group, Inc. )
Just a short drive from Cary NC is a daytrip that you will remember.  Take Randolph county, an 801-square-mile expans in the literal heart of North Caorlina, midway between the Atlantic and the Appalachians.  Two hundres years ago, its fertile Piedmont soil and rich clay attracted British potters, who laid the groundwork for one of the most offbeat, yet authentic, tourist attractions in the state.  More recently, the area's central location and proximity to Greensboro, Charlotte and the Triangle attracted the N.C. Zoological Park, which was built on 1,500 acres just south of Asheboro. Randoph County even has its own royalty, a native son known as "The King", a lanky former race car driver by the last name of Petty who rewrote the NASCAR record boot with 200 career victories.  Like any g...
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By Tracy Santrock, Raleigh - Cary Realtor/Broker In Charge
(Fonville Morisey/Santrock Realty Group, Inc. )
The majority of people who build their dream homes in the Raleigh/Research Triangle area don't get all they paid for!  They either don't know, totally ignore or work with incorrect information when they don't take advantage of a very valuable asset during their home building process that would cost them - NOTHING!  In the Research Triangle area high-end homes market ($1 million and up) the vast majority of speculative built and presale homes are built in existing and/or newly developing subdivisions.  Couples who want to build their dream home will drive through subdivisions, having homes in the price range they are interested in, and talk to the on-site agent about available homes and/or lots.  The on-site agent will show them homes and provide information about them and the available ...
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By Tracy Santrock, Raleigh - Cary Realtor/Broker In Charge
(Fonville Morisey/Santrock Realty Group, Inc. )
Statistics Show Rising Prices in Raleigh Durham Real Estate MarketAccording to the National Association of Realtors®, in many areas of the country, home sales appear to be bottoming out with lower home prices attracting buyers. Is this happening in Durham County and the Raleigh area real estate markets? Not according to the September sales statistics.                         Durham sales statistics for September 2006 show 2,093 active listings which is 52 more homes on the market than September 2005 or a 3 percent increase. Sold listings have increased by 71 homes or 21 percent. The average sales price has increased by $11,296 or 6 percent compared to September 2005 with 14 percent more sales year-to-date than 2005. DurhamCountyActiveListingsSoldListingsAverageSales PriceYear to DateSal...
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By Tracy Santrock, Raleigh - Cary Realtor/Broker In Charge
(Fonville Morisey/Santrock Realty Group, Inc. )
    Gaelic Myths & Mayhem A Celebration of Halloween through the ages! Sponsored by The Historical Enrichment Society & Irish Events NC SATURDAY · OCTOBER 28 ·11 am – 10 pm   Featuring great Halloween activities and entertainment for the whole family! During the day, a wide variety of kids activities, games, pumpkin painting, costume contests, candy & entertainment. In the evening, we will kick it up a notch, with great Celtic Bands and really spooky happenings! Other musical/dance acts include....   The Main Stage will feature the following acts:- Hwyl- Julie Glaub & Little Windows- Albannach- The Apple Chill Cloggers & Band- Baile Daire- Danny Tighe Irish Dancers- Craig Wisely- The Ghosts of Erin- Albannach- Martin Furey- Seven Nations The Wake House will feature the following acts:- ...
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By Tracy Santrock, Raleigh - Cary Realtor/Broker In Charge
(Fonville Morisey/Santrock Realty Group, Inc. )
....Click Here For Details! Koka Booth Ampitheatre is located in the heart of Cary at Symphony Lake.  It has been recently ranked in the Top 10 Ampitheatres in the US.  The creative minds at the ampitheatre are bringing a special treat for the holidays!! An outdoor skating rink.  Here are all of the details:   DESCRIPTIONTinsel Town... a magical winter wonderland complete with beautifully decorated trees, an enchanted Santa house, holiday music, and a REAL OUTDOOR ICE SKATING RINK! Families will have the opportunity to skate on the rink, visit Santa, sip on hot cocoa, and meander through decorated holiday trees and art exhibits! DATESTinsel Town will be open daily from November 20th until December 31st with the exception of Thanksgiving Day and Christmas Day. TIMESMonday - Thursday: 4PM...
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By Tracy Santrock, Raleigh - Cary Realtor/Broker In Charge
(Fonville Morisey/Santrock Realty Group, Inc. )
I spent many years in high tech before launching my career in Real Estate.  I say this because REALTORS are rappedly ramping up their technical skills to be competitive in the marketplace.  One way to increase one's business is to have a blog.  Now the big question is:  "How do I drive traffic to the blog".  I've been doing a lot of reading and their is a techie guru that keeps a blog specifically on online marketing, SEO, etc.  I wanted to share a link to his blog:  http://www.sethgodin.com/sg/ Use lists. Be topical... write posts that need to be read right now. Learn enough to become the expert in your field. Break news. Be timeless... write posts that will be readable in a year. Be among the first with a great blog on your topic, then encourage others to blog on the same topic. Share...
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