Tag Archives: Greater Raleigh

Lovely Townhome Offers Granite Falls Swim Club Amenities


The charming town of Rolesville, located in Wake County, NC and north of Raleigh off of Hwy 401 (Louisburg Road) is a wonderful place to call home.  Just outside of the city limits of Raleigh, enjoy the small town comforts with many conveniences nearby and a very reasonable commute to Research Triangle Park (RTP) via I-540.

1-Front

304 Morgan Brook Way, Rolesville, NC 27571

 MLS 1910589  |  Offered at $139,999

A part of the great town of Rolesville is Granite Ridge Townhomes,  a newly established neighborhood.  Available for sale within Granite Ridge is 304 Morgan Brook Way, which is very-well maintained, meticulously kept, and has had only one owner.

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Features

  • Located in Granite Ridge Townhomes, a Granite Falls Community
  • Low HOA dues include membership to Granite Falls Swim and Athletic Club
  • Beautiful stone and shake exterior with gutters
  • Approximately 1564 sqft; Live Oak’s Beaufort floor plan
  • Great Kitchen with 42″ maple cabinets and tiled back-splash
  • Gleaming hardwoods in foyer and powder room
  • Open and extensive family room with corner gas log fireplace
  • 3 total bedrooms (all on second floor) and 2.5 baths
  • Master’s retreat with soaking tub and separate stand-in shower
  • Private patio
  • USDA loan eligibility
  • Click here for additional information about this great townhome.

See the virtual tour for 304 Morgan Brook Way.

Directions

Hwy 401 North (Louisburg Road); Left on Rogers Road; Left on Grand Rock Way; Right on Morgan Brook Way; Home is on Right.

Granite Falls Swim and Athletic Club

 


Stunning North Raleigh Townhome, Prime Location


438 Weathergreen Drive, North Raleigh

Offered at $199,900  |  MLS 1925490

Great opportunity to live an amazing lifestyle in a very low-maintenance, established townhome community – Weathersfield Place, located at the intersection of Falls of Neuse Road and Weathergreen Drive, near I540, and Ravenscroft. Updated with coveted amenities, this lovely property is nestled in a beautiful, wooded and serene environment with a community pool and tennis court for its residents.

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Features

Townhome is approximately 2071 sqft., with 3 or 4 bedrooms (finished 3rd floor attic offers versatility and can serve as bonus room, 4th bedroom, teen suite, media room, office, etc.) and 2.5 baths.  Upgrades galore and much detail and care has been added to this charming abode:

  • NEW gleaming cherry hardwoods throughout first floor
  • NEW carpet on second and third floor
  • NEW paint throughout
  • Chef’s dream kitchen:  NEW granite counter-tops, glass-tile back-splash, ALL NEW appliances,  NEW sink & disposal; Additional cabinets with NEW hardware; Built-in Refrigerator Surround with cabinets
  • Finished 3rd floor walk-up ATTIC serves as versatile Bonus Room with lots of storage
  • Huge Master with spacious walk-in-closet, ceiling fan, and custom color
  • All Baths have been updated as well with all or some of the following-  granite, ceramic tile counter-tops, ceramic tile flooring, ceramic and glass tile tub surround and updated hardware
  • New gas logs in Family Room
  • Large and private deck with outside storage

Directions

North on Falls of Neuse Road; Left on Weathergreen Drive; Keep straight through roundabout; Turn Left into 400s section; 2nd Townhome on Left.

Click here for more details on this amazing townhome.


Buyers’ or Sellers’ Market in the Carolinas?


Buy Sell Scale_Can StockWhat exactly is a buyer’s market?  A Buyer’s Market is when we have more homes for sale than buyers.  In this market buyers can leverage the over-supply of homes to their advantage and get very favorable terms such as lower prices, receive closing costs and can take their time with selection.  Buyer’s markets are often identified with a depressed market or declining market and the obvious signs are very few offers in a buyer’s market – best offer is the only offer you received and it’s really low.

So what exactly is seller’s market?  A Seller’s Market is when we have fewer homes for sale than buyers.  In this market sellers can leverage the under-supply of homes to their advantage and get very favorable terms such as higher prices, pay little to no closing costs for the buyers and get quick turnarounds.  Seller’s markets are often identified with a real estate market that is improving and/or getting hot, with multiple offers in a seller’s market – pick the best of many offers received and often they are over the asking price as buyers are competing.

Another way we track whether we are in a buyer’s or seller’s market is our current monthly supply of inventory.  This market statistic demonstrates how many months of supply would be left if no other seller placed his house on the market.  The breakdown would be the following:

1 to 5 months = seller’s market – price is appreciating

5 to 8 months = balanced or normal market – price is stable

8 months and more = buyer’s market – price is depreciating

So how are we doing in North and South Carolina?  Reviewing the last 12 months ending October, 2013 for single-family homes and condo/townhomes for a few areas in NC and SC:

  • Charlotte, NC = 5.5 months with our best month in 2013 of 4.4 months
  • Triad Region, NC (Asheboro, Burlington, Greensboro, High Point, and Winston-Salem) = 9.5 months with our best month in 2013 of 6.3 months
  • Triangle Region, NC (Raleigh area) = 4.8 months with best month in 2013 of 3.8 months
  • Greenville, SC = 6.7 months with our best month in 2013 of 5.6 months
  • Piedmont Regional SC (York, Lancaster County, Lake Wylie) = 6.9 monthswith our best month in 2013 of 5.4 months

As you can see from these numbers across the Carolinas, our trending for the last 12 months demonstrates we are moving out of a buyer’s market and into a healthy/balanced market, which means a great equilibrium for both sides of the transaction.  The monthly supply inventory numbers of 2009 thru 2012 were often double-digit numbers of 10 months and more indicating a strong buyer’s market for many years, with falling prices.  Now with these monthly supply inventory numbers decreasing into single-digit numbers, we are starting to see price appreciation in all of our markets.  A few of our markets are even starting to evolve into a seller’s market!

So what does all of this mean to you?  It means the NC and SC residential real estate market in 2013 showed solid improvement throughout the year and continues to build strength.  If you are thinking of buying a home, low interest rates and good pricing results in high affordability.  If you are thinking of selling your house, the improving market means more activity and better chances of market-value returns for your equity investment.

Reposted from Allen Tate Blog by Tony Jarrett


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