In this Cary Spotlight Issue…

🏡 Cary Real Estate: Properties Sold in Cary Last Week

🔍 FREE Report of the Estimated Selling Price for Your Home

🏡 Average Home Prices Near Cary, NC

💵 U.S. Trends and Developments in the Mortgage Rates

😀 Viral Meme

Properties Sold in Cary, NC for Week of 25 Nov 2023 (Data source: Redfin)

There were 20 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 $635,895.

The average size in square feet for houses sold is 2,573.

The average price per square foot for houses that sold is $247.

The properties are listed from highest SOLD PRICE to lowest:

Address: 105 Dumbarton Ct, Cary, NC 27511
Sold Price: $1,449,900
Beds: 5
Baths: 4.5
Size: 4068 sq ft

Address: 105 Linton Banks Pl, Cary, NC 27513
Sold Price: $1,175,000
Beds: 5
Baths: 5.0
Size: 4530 sq ft

Address: 309 Parish House Rd, Cary, NC 27513
Sold Price: $880,000
Beds: 5
Baths: 4.0
Size: 3619 sq ft

Address: 134 Abbey View Way, Cary, NC 27519
Sold Price: $875,000
Beds: 3
Baths: 3.0
Size: 2938 sq ft

Address: 513 Grant Forest Ln, Cary, NC 27519
Sold Price: $799,000
Beds: 4
Baths: 3.0
Size: 3286 sq ft

Address: 206 Briardale Ave, Cary, NC 27519
Sold Price: $711,000
Beds: 5
Baths: 2.5
Size: 2976 sq ft

Address: 102 Cabernet Cir, Cary, NC 27511
Sold Price: $690,000
Beds: 3
Baths: 2.5
Size: 3391 sq ft

Address: 605 Mount Blanc Way, Cary, NC 27519
Sold Price: $593,500
Beds: 3
Baths: 3.5
Size: 2496 sq ft

Address: 117 Escher Ln, Cary, NC 27511
Sold Price: $570,000
Beds: 3
Baths: 2.5
Size: 2514 sq ft

Address: 216 Dungarven Loop, Cary, NC 27513
Sold Price: $565,000
Beds: 3
Baths: 2.5
Size: 2816 sq ft

Address: 1246 Kimbolton Dr, Cary, NC 27511
Sold Price: $535,000
Beds: 5
Baths: 3.0
Size: 2703 sq ft

Address: 229 Lost Tree Ln, Cary, NC 27513
Sold Price: $530,000
Beds: 3
Baths: 2.5
Size: 1911 sq ft

Address: 320 Ashton Ridge Ln, Cary, NC 27513
Sold Price: $525,000
Beds: 4
Baths: 2.5
Size: 2306 sq ft

Address: 101 Red Stone Ct, Cary, NC 27513
Sold Price: $475,000
Beds: 4
Baths: 2.5
Size: 1852 sq ft

Address: 414 Panorama Park Pl, Cary, NC 27519
Sold Price: $470,000
Beds: 3
Baths: 3.0
Size: 2360 sq ft

Address: 514 Pemberwich Pl, Cary, NC 27519
Sold Price: $458,000
Beds: 4
Baths: 3.5
Size: 1908 sq ft

Address: 202 Lake Tillery Dr, Cary, NC 27519
Sold Price: $450,000
Beds: 2
Baths: 2.5
Size: 2131 sq ft

Address: 8713 Chapel Hill Rd, Cary, NC 27513
Sold Price: $379,000
Beds: 3
Baths: 1.5
Size: 1163 sq ft

Address: 1626 Glengarry Dr, Cary, NC 27511
Sold Price: $335,000
Beds: 3
Baths: 2.0
Size: 1350 sq ft

Address: 1108 Donaldson Dr, Cary, NC 27511
Sold Price: $252,500
Beds: 2
Baths: 1.5
Size: 1149 sq ft

FREE Report of the Estimated Selling Price for Your Home!

Median Home Prices Near Cary, NC

U.S. Trends in Mortgage Rates

Here's a summary of the latest information on mortgage rates and market trends in the United States, based on national news stories:

1. Rate Trends and Predictions: Mortgage rates have been declining over the past few weeks. There is a general expectation that mortgage rates will remain in the high 7% to 8% range for November 2023. This rate range is likely to represent the ceiling during this housing cycle. Read Source
   

2. Purchase Applications and Market Response: The dip in mortgage rates has led to an increase in mortgage applications. The Mortgage Bankers Association's Market Composite Index, which gauges mortgage applications for both home purchases and refinancings of existing loans, rose 3.0% from a week earlier to a six-week high. Purchase applications, however, remain below typical levels, indicating that potential buyers are still cautious despite the decline in rates. Read Source

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