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Market Report - Raleigh NC

Southeast Raleigh New Home Listings Down 32% to December 2008

 Choices Getting Slimmer for New Home Buyers in 2009

Looking for a new home in the Garner NC area?  Thinking the choices have gotten a little thinner?  You're right....

New Home inventory in Southeast Raleigh NC was down 32% in December 2009 versus December 2008.

New Home Listings by Price Point in Southeast Raleigh NC

  

 

There were fewer new home listings in Southeast Raleigh NC in every price point - the only exception was new condos, which increased by eight units. 

There were 21 single family homes were listed in the Garner NC/Southeast Raleigh area under $150K, making Southeast Raleigh NC one of the more affordable areas in Wake County.  There were also 32 new homes listed between $150-199K. 

The $200-299K, $300-399K, and $400-499K price ranges all had significant percent reduction of Southeast Raleigh NC new home choices - from 60 homes in December 2008 to only 31 homes in December of 2009.

Garner NC area new homes in the $150K and under range saw a 46% reduction in inventory levels, from 39 to 21 new homes.

Garner NC area new homes in the $150-199K range saw a 47% reduction in inventory levels, from 60 to 32 new homes.

 Overall New Home Listings in Southeast Raleigh NC - December 2009   

 In third quarter 2008, there were 205 new homes listed in Southeast Raleigh NC.

In third quarter 2009, there were only 139 new homes listed in Southeast Raleigh/Garner NC.

Builders are building fewer "speculative" homes, and more home buyers are opting for completely custom packages, in every price point (which means the homes are not listed, but completed to the buyers exact specifications). 

On the bright side, if you're looking for a new home, there are many more choices of available lots in Garner/SE Raleigh NC, so it is easier to match up your floorplan, budget, and location (browse available communities here). 

What Price Points are getting the most showings in Southeast Raleigh?  

 

 

If you're looking to purchase in these price points, you'll have more competition for your new home.

$150-199K new homes in Garner NC area saw the most overall showings - 32% of all showings were for Garner new homes in this price point, while only 23% of inventory was in this price point.

Condos in Garner NC saw a surge in interest, with more than 4 times the number of showings as seen in September 2009.

$300-399K new homes in Southeast Raleigh were also very busy.  These homes represented 12% of the available new home inventory in Garner NC, but saw 19% of the Garner new home showings.

New Homes in Garner - Overall Showings

In September 2009, Garner new homes had a total of 94 showings.  In November of 2009, Garner NC new homes saw 124 showings.  Showings in November were up 32% to September, in a time of year that is typically much slower. 

 Compare With Other Areas of the Triangle

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Finding Your New Home in the Raleigh Area

Stanton Homes makes it easy!  We'll guide you through the entire process - select from thousands of different floor plans, and hundreds of different locations.  New homes from the upper $100s to the $500s. Custom modifications available too!

Call 919-278-8070 or visit www.StantonHomes.com to find out more today.

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Copyright Stanton Homes 2009.   Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements.   Stanton Homes is an NC New Homes Builder, with new homes in the Triangle and Fort Bragg area. 

Educating Real Estate Agents On How To Use Modern Technologies To Better Their Business Will Never Be The Same!

On January 4th, 2010 dozens of the most respected educators in the real estate industry converge to host most exciting event of its kind, the Virtual Real Estate BarCamp.

Virtual Real Estate BarCamp is a 1-Day Learning Extravaganza.
From 9am until 4pm PST, three concurrent webinar "rooms" will each host 7 different sessions, for a total of 28 different presentations.
There is something for everyone and everything for someone, and best of all, IT IS FREE and attendance is unlimited!

Click below to:
Register.
Learn more.
See who is coming.
Check out the Session Calendar.
Get sponsorship info.

Attendance is projected to be at least 1000 agents, nationwide.
Do not miss out on being part of this ground-breaking event.

Potential Session Topics Include:

Facebook for Real Estate
Twitter 101
Driving Quality Traffic to Your Website
Beginning Search Engine Optimization
Advanced SEO
Getting Started with WordPress
Advanced WordPress Techniques
Using Flickr for Real Estate
Using YouTube for Real Estate
LinkedIn Business & Referral Strategies
Selecting an IDX Company
Single Property Websites
Getting the Most Out Of Your Mobile Devices
The iPhone and Real Estate
Photoshop for Real Estate
Video Blogging
Video Listings
Advanced Twitter Tips
Preparing to Start a Real Estate Blog
Google Analytics and Traffic Statistics

...and much more, with new sessions being added every day.

And if that wasn't cool enough, individuals from around the country are volunteering to host In-Real-Life MeetUps for after the event.

Learn all day, and then meet to have a beer with local participants. This is going to be a blast!

We hope to see you there!

Like many of you Christmas is my favorite Holiday of the year.  I love the looks on my daughter's faces when they see all the Christmas presents under the tree and when they are playing with the gifts that "Santa" brought.  I love spending time with family and friends and most of all the kindness and generosity that people seem to have in the few short weeks between Thanksgiving and the New Year.  But, it wasn't always that way:

Some would say I had a pretty tough childhood (I kind of did) but I think of most it as a blessing that I was able to learn on small and large scales how wonderfully generous and kind people can be throughout the year.  I was really fortunate that God put some incredible people in my path that cared for me in the hardest of those times. 

From as early as I can remember I celebrated Christmas at a church where "we" (the kids in the social services system) were all given our gifts together from Santa.  There were two Chrismas' that stand out to me the most.  One year my baby sister got a big wheels and that is what I had prayed she would get (I still believed in Santa at that point) and when I was 11 years old I got a pair of guess socks.  Yes, a pair of socks.  To this day it brings tears to my eyes when I think about it.  Not because all I got was a pair of socks, but because it was the first year I got something I really truly wanted.  That was the year my two sisters and I were put in foster homes.  When I was taken from my mom (April 19th 1984) I was only able to have the clothes I was wearing.  By Christmas I was in my 3rd foster home and had only acquired a small amount of clothing.  So when given the opportunity to fill out an Angel request all I wanted was clothes.  When I opened my box and not only got socks but got name brand socks I couldn't have been happier.

For the past several years our local Realtor Association has been collecting gifts for the Angel Tree and of course I participate.  This year when picked up my Angels I went through them trying to decide which ones I wanted to shop for.  I picked mine up a little late this year which meant that all the Angels left were for the older children.  By nature I think we all want to go out and buy cute, fun and exciting presents for the smallest of God's creatures.  Trust me, I'm the same way so it's great for me that I have my own little ones to shop for:)  As I was going through the stack this year it again brought tears to my eyes as I chatted with the young girl who coordinates the event.  Angel after Angel these kids were asking for things like sheets, school supplies, clocks and overall basic needs that most teens couldn't even fathom having to ask for as a Christmas gift.  I explained to the girl that these teens (15-18) were having to prepare for independent life.  Soon they would find themselves out of the system and in need of the basic essentials to live but most without families that will help provide that.  In a way it is sad, but in a way it is wonderful that these teens are planning ahead, being prepared for life ahead of them as adults.  I can only hope that my daughters will be so humble as to not have the expectations that I will provide for their every adult need but with the peace to know I will never let them go with out.

So this year for Christmas, I ask you when you see the Angel Tree to stop by pick up an Angel or two or three.  Remembering that as fun as it is to buy the little ones presents try to get a teenager too.  Many of them get left totally out of Christmas merely because no one picked up their Angel off the tree.  At the same time I want to thank the total strangers that made sure I had Christmas presents when I was a child and to those I know that made sure I had an awesome Christmas every year I was a teenager... You know who you are.   

Merry Christmas to ALL...

Join me on the following Social Networking site...

Many of us were pleasantly surprised with the announcement of the merger of Real Living and GMAC so I thought I would put together some good information that I have found that helps explain.

Excerpts from the announcement sent to franchise owners and managers:

"GMAC Real Estate is one of America's leading residential real estate franchises, and combined with the Real Living Network, we will have over 600 office locations, 10,000 plus agents and more than $20 billion in annual home sales. Together we will become a bigger, bolder company, offering a strong appealing, consumer-focused brand, with a suite of industry leading tools and technology that will power us forward in the years ahead.

The new organization was created after Brookfield Residential Property Services, the owner of GMAC Real Estate, acquired Real Living Network Services, and merged the two companies under the Real Living brand name.  As we move forward, the Real Living agent-centric and consumer focused philosophy will continue to drive our decision-making and investment strategies. 

As we make the transition, Real Living will focus on excellence in five key areas:  technology, sales, marketing, training and business planning.  These are areas that we will invest in to make our combined organization into one of the most sought after brands in the business. Our primary goal will continue to be to help our agents, offices and franchisees grow their business."

Here is the official Press Release... http://franchise.realliving.com/images/stories/Real-Living-News-Release.pdf
 
Here is the official information from Real Living...  http://franchise.realliving.com/  There is a great video on here that you can use.
 
Here is the official information from GMAC... http://www.gmacrealestate.com/about/press/2009/1111.cfm
 
Official Announcement from Realtor Magazine with links to other sources... http://www.realtor.org/RMODaily.nsf/pages/News2009111101?OpenDocument&WT.cg_n=RMO&WT.cg_s=RSSDaily
  
Inman News (A leading real estate new publication)... http://www.inman.com/news/2009/11/11/gmac-real-estate-unites-with-real-living

Here is a link to the story in Business Wire: http://www.businesswire.com/portal/site/google/ndmViewId=news_view&newsId=20091111005279&newsLang=en

If you are new to the Real Living Network or interested in being a part of the Real Living Network feel free to contact me via ActiveRain or on Facebook at www.Facebook.com/SheriMoritz or on Twitter @RealLifeSheri