In this Cary Spotlight Issue…

☀️ Cary NC Weather

🏡 Cary Real Estate: Properties Sold in Cary Last Week

🏡 Housing Market Sees Slight Resurgence as Mortgage Rates Plunge

💡 We Want To Spotlight Your Business

💌 Viral Meme

🏛️ Support Cary Local Businesses

Properties Sold in Cary, NC: Nov 6, 2023 to Nov 9, 2023
(Data source: Redfin)

There were 22 properties sold in Cary, NC during the past week. Please note that we exclude land sales. Here are a few statistics based on the sales from this past week:

The average price for all properties sold is $619,833.

The average size in square feet for houses sold is 2,334.

The average price per square foot for houses that sold is $266.

The properties are listed from highest SOLD PRICE to lowest:

Date Sold: NOV 9, 2023
Address: 209 Michelangelo Way, Cary, NC 27518
Sold Price: $1,800,000
Beds: 5
Baths: 5.5
Size: 5,043 Sq Ft

Date Sold: NOV 8, 2023
Address: 341 Baronet Bend Dr, Cary, NC 27513
Sold Price: $1,210,000
Beds: 4
Baths: 4
Size: 3,294 Sq Ft

Date Sold: NOV 6, 2023
Address: 316 Hilliard Forest Dr, Cary, NC 27519
Sold Price: $895,000
Beds: 5
Baths: 3.5
Size: 4,140 Sq Ft

Date Sold: NOV 8, 2023
Address: 105 Spindle Creek Ct, Cary, NC 27519
Sold Price: $650,000
Beds: 4
Baths: 2.5
Size: 2,665 Sq Ft

Date Sold: NOV 6, 2023
Address: 403 Danton Dr, Cary, NC 27518
Sold Price: $635,000
Beds: 4
Baths: 3
Size: 2,619 Sq Ft

Date Sold: NOV 6, 2023
Address: 302 Copperfield Ct, Cary, NC 27513
Sold Price: $630,000
Beds: 4
Baths: 3.5
Size: 2,836 Sq Ft

Date Sold: NOV 6, 2023
Address: 208 Fox View Pl, Cary, NC 27511
Sold Price: $620,000
Beds: 3
Baths: 2.5
Size: 2,234 Sq Ft

Date Sold: NOV 6, 2023
Address: 950 Market House Way, Cary, NC 27518
Sold Price: $693,831
Beds: 3
Baths: 2
Size: 2,270 Sq Ft

Date Sold: NOV 6, 2023
Address: 117 Trailing Oak, Cary, NC 27513
Sold Price: $577,000
Beds: 4
Baths: 2.5
Size: 2,551 Sq Ft

Date Sold: NOV 8, 2023
Address: 112 Donna Pl, Cary, NC 27513
Sold Price: $565,000
Beds: 3
Baths: 2.5
Size: 2,308 Sq Ft

Date Sold: NOV 7, 2023
Address: 531 Tomkins Loop, Cary, NC 27519
Sold Price: $535,000
Beds: 3
Baths: 2
Size: 1,548 Sq Ft

Date Sold: NOV 9, 2023
Address: 1756 Laurel Park Pl, Cary, NC 27511
Sold Price: $545,000
Beds: 4
Baths: 2.5
Size: 2,278 Sq Ft

Date Sold: NOV 9, 2023
Address: 104 Snapdragon Ct, Cary, NC 27513
Sold Price: $492,500
Beds: 3
Baths: 2.5
Size: 2,198 Sq Ft

Date Sold: NOV 9, 2023
Address: 224 Great Lake Dr, Cary, NC 27519
Sold Price: $475,000
Beds: 3
Baths: 2.5
Size: 1,999 Sq Ft

Date Sold: NOV 9, 2023
Address: 637 Rockcastle Dr, Cary, NC 27519
Sold Price: $525,000
Beds: 3
Baths: 2.5
Size: 2,286 Sq Ft

Date Sold: NOV 8, 2023
Address: 105 Chatham Walk Ln #304, Cary, NC 27511
Sold Price: $525,000
Beds: 2
Baths: 2
Size: 1,210 Sq Ft

Date Sold: NOV 9, 2023
Address: 307 Vinca Cir, Cary, NC 27513
Sold Price: $420,000
Beds: 2
Baths: 2.5
Size: 1,887 Sq Ft

Date Sold: NOV 9, 2023
Address: 1026 Sturdivant Dr, Cary, NC 27511
Sold Price: $400,500
Beds: 3
Baths: 2.5
Size: 1,875 Sq Ft

Date Sold: NOV 6, 2023
Address: 209 N Dixon Dr, Cary, NC 27513
Sold Price: $400,000
Beds: 4
Baths: 3.5
Size: 2,078 Sq Ft

Date Sold: NOV 6, 2023
Address: 1226 Old Apex Rd, Cary, NC 27513
Sold Price: $400,000
Beds: 3
Baths: 2
Size: 1,462 Sq Ft

Date Sold: NOV 6, 2023
Address: 315 Orchard Park Dr, Cary, NC 27513
Sold Price: $320,000
Beds: 2
Baths: 2.5
Size: 1,258 Sq Ft

Date Sold: NOV 9, 2023
Address: 117 Bay Dr, Cary, NC 27511
Sold Price: $322,500
Beds: 2
Baths: 2
Size: 1,315 Sq Ft

Note: Listings not located in Cary, NC have been excluded.

Housing Market Sees Slight Resurgence as Mortgage Rates Plunge

Mortgage rates dropped significantly this week to 7.50%, marking the largest one-week decline since last November. The decrease follows a period of rising rates, with this week's drop offering a brief respite for potential homebuyers.

Despite the fall in rates, high living costs and rising household debts continue to burden consumers. A moderate increase in mortgage applications was noted, though the housing market remains sluggish with buyers awaiting more inventory and lower rates.

The Federal Reserve's decision to maintain interest rates and a recent report showing moderate job growth suggest potential economic stability.

Homebuying costs have hit record highs due to elevated mortgage rates, indicating a shift to a new norm in mortgage rates. Read full article here.

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