Mar. 4, 2007 - Fuquay Varina NC Real Estate & Market Conditions

You just have to love the name.  All my clients get a kick out of FUQUAY-VARINA.  Half of them say that can't even pronounce it.  It's kind of like our #1 grocery store in the area--Harris Teeter..Go figure.

On to the real estate business in Fuquay(for short): 

 The market in Fuquay-Varina is continuing to trend upward in price and activity as are most of the Raleigh area suburbs. General market indicators have been steadily climbing for the last 3 years with 3,616 properties closed through 12/31/2006.   

Homes priced below $200,000 are becoming difficult to find except in the Fuquay-Varina, Holly Springs, East Raleigh & Southern Wake areas.  There are significant opportunities to own a home throughout the area between $300’s & the low $400's.  In general we are experiencing a very robust market here with a 2006 average of about 13,000 homes on the market at any given time. Average supply of inventory in Fuquay Varina is a bit higher than the rest of Raleigh at five months of inventory.   

The highest appreciating subdivisions in Fuquay Varina include Windermere at over 6.7% above $400k and Windcrest at 7.8% below $200k. In short, it’s a great time to buy in Fuquay Varina.  It’s a great community with a lot of growth potential in the future.

Dec. 26, 2007 - RE: Fuquay Varina NC Real Estate & Market Conditions