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Is the Raleigh Real Estate Market Turning?

by Judy Burrell

Posted by Judy Burrell - Suddenly, everyone wants to buy a house!  Our Team has 20 listings that were getting lots of attention, but not that many offers.  All of a sudden, we are getting offers, and multiple offers, on many of them.

We have one listing that is a wonderful house, but it is right next to Interstate 1 and 64, a six lane road with traffic 24 hours a day.  Everyone loves the house, nearly everyone hates the location.  But, we just had two people bidding for the house at the same time, and we accepted an offer by first time homebuyers who are thrilled to have so much house for so little money.  If you watch the NBC-17 news, Tim was interviewed at that house by Steve Sbraccia as an example of properties that sold well under their tax value.

We have several bank owned properties that are getting offers.  One in Edgewater has three buyers bidding to be the successful owner.  Another one in Clayton has a delightful couple with a ten month old baby looking to purchase their first home.

We have a short sale in North Raleigh that has had three offers.  With the number of showings that are going on while the banks are reviewing the short sale, there may be several more offers.

This sudden flurry of activity may just be a localized burst of sales in Raleigh real estate.  Or it could mean that the Raleigh real estate market has turned the corner and is going back up.  Our market was extremely strong until last October, so the Triangle was one of the last areas to experience a downturn.  Now, we may be one of the first to show a recovery. 

 

Triangle Wine Experience

by TeamForYOUrDreams

Submitted by Lisabeth Tunell:

If you enjoy fine wine then this Thursday, Friday and Saturday will be dates you will want to mark on your calendar!

The Triangle Wine Experience Event, a Frankie Lemmon Foundation benefit, brings some of the world's top winemakers to the Triangle to pour wines for you to sample and purchase.

The events include wine tastings, winemaker dinners at top area restaurants and the Grand Gala and Auction which will benefit supporting the education of children with special needs.

Thursday features Winemaker Dinners, Friday is Sip, Shop & Sign-Winemaker Tastings and Saturday is the Grand Gala and Fine Wine Auction.

For event information and reservations visit:

www.TriangleWineExperience.org or call 919.845.8880

 

Of course if you are looking for a home in which to toast, drink or share that wine....Team For YOUr Dreams has what you are looking for. First time home buyers, upgrading, transferring, selling, foreclosures, investing, or just purchasing a home!

Please visit our website at www.teamforYOUrdreams.com to see what is available or call 919.812.5111.

 

 

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Contact Information

Photo of Team For Your Dreams, Inc. Real Estate
Team For Your Dreams, Inc.
REMAX United
7721 Six Forks Road, Suite 110, Raleigh, NC 27615
Raleigh NC 27615
919-846-3272
919-812-5111
Fax: 310-347-4041