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

💡 From First-Time Buyers to Investors: The Sherry Riano Team is Making Dreams Come True

💵 U.S. Trends in Mortgage & Real Estate

😀 Viral Meme

Properties Sold in Cary, NC for Week of 17 Dec 2023 (Data source: Redfin)

Property Type: Single Family Residential.

There were 25 properties sold in Cary, NC during the past week. Please note that we exclude land sales and townhouses. Here are a few statistics based on the sales from this past week:

The average price for all properties sold is $695,364.

The average size in square feet for houses sold is 2,368.

The average price per square foot for houses that sold is $286.

The properties are listed from highest SOLD PRICE to lowest:

1. Address: 103 Vista Green Ct, Cary, NC 27513, Sold Price: $1,620,000, Beds: 4, Baths: 3.5, Size: 4028 sqft
   

2. Address: 203 Parkman Grant Dr, Cary, NC 27519, Sold Price: $1,210,000, Beds: 5, Baths: 5.0, Size: 4747 sqft
   

3. Address: 4332 Chandler Cove Way, Cary, NC 27539, Sold Price: $1,070,000, Beds: 5, Baths: 5.0, Size: 3870 sqft
   

4. Address: 209 W Jules Verne Way, Cary, NC 27511, Sold Price: $909,999, Beds: 4, Baths: 2.5, Size: 3230 sqft
   

5. Address: 1204 Ventnor Pl, Cary, NC 27519, Sold Price: $807,000, Beds: 3, Baths: 3.0, Size: 3894 sqft
   

6. Address: 531 Siltstone Pl, Cary, NC 27519, Sold Price: $790,000, Beds: 5, Baths: 3.0, Size: 3019 sqft
   

7. Address: 107 Timber View Ln, Cary, NC 27511, Sold Price: $780,000, Beds: 4, Baths: 2.5, Size: 3026 sqft
   

8. Address: 130 Abbey View Way, Cary, NC 27519, Sold Price: $730,000, Beds: 3, Baths: 3.0, Size: 2464 sqft
   

9. Address: 102 Flora Springs Dr, Cary, NC 27519, Sold Price: $730,000, Beds: 3, Baths: 2.5, Size: 2433 sqft
   

10. Address: 112 Conway Ct, Cary, NC 27513, Sold Price: $685,000, Beds: 4, Baths: 2.5, Size: 2281 sqft
    

11. Address: 632 Angelica Cir, Cary, NC 27518, Sold Price: $661,000, Beds: 3, Baths: 2.5, Size: 2533 sqft
    

12. Address: 106 Hidden Bluff Ln, Cary, NC 27513, Sold Price: $624,000, Beds: 5, Baths: 3.5, Size: 3123 sqft
    

13. Address: 904 Footbridge Pl, Cary, NC 27519, Sold Price: $620,000, Beds: 3, Baths: 2.0, Size: 1917 sqft
    

14. Address: 500 Autumngate Dr, Cary, NC 27518, Sold Price: $571,000, Beds: 4, Baths: 2.5, Size: 2300 sqft
    

15. Address: 222 Muir Brook Pl, Cary, NC 27519, Sold Price: $515,000, Beds: 2, Baths: 2.0, Size: 1893 sqft
    

16. Address: 413 Easton Grey Loop, Cary, NC 27519, Sold Price: $475,000, Beds: 3, Baths: 2.0, Size: 1415 sqft
    

17. Address: 1726 Seabrook Ave, Cary, NC 27511, Sold Price: $474,300, Beds: 3, Baths: 2.0, Size: 1490 sqft
    

18. Address: 427 Oakridge Rd, Cary, NC 27511, Sold Price: $468,000, Beds: 3, Baths: 2.0, Size: 1810 sqft
    

19. Address: 712 Trappers Run Dr, Cary, NC 27513, Sold Price: $452,500, Beds: 4, Baths: 2.5, Size: 1640 sqft
    

20. Address: 1216 Kingston Ridge Rd, Cary, NC 27511, Sold Price: $438,000, Beds: 4, Baths: 3.0, Size: 2346 sqft
    

21. Address: 402 Charles Ct, Cary, NC 27511, Sold Price: $420,800, Beds: 3, Baths: 1.0, Size: 1157 sqft
    

22. Address: 107 Ellsworth Pl, Cary, NC 27511, Sold Price: $385,000, Beds: 3, Baths: 2.0, Size: 1417 sqft
    

23. Address: 1226 Gatehouse Dr, Cary, NC 27511, Sold Price: $382,500, Beds: 3, Baths: 2.0, Size: 1233 sqft
    

24. Address: 220 N Dixon Ave, Cary, NC 27513, Sold Price: $372,000, Beds: 2, Baths: 1.0, Size: 1047 sqft
    

25. Address: 216 N Dixon Ave, Cary, NC 27513, Sold Price: $293,000, Beds: 2, Baths: 3.0, Size: 876 sqft
    

FREE Report of the Estimated Selling Price for Your Home!

From First-Time Buyers to Investors: The Sherry Riano Team is Making Dreams Come True

The Sherry Riano Team at Clear Mortgage has been a beacon of financial guidance and support for two decades. Specializing in a myriad of loan types, this team, led by the esteemed Sherry Riano, has carved a niche in the mortgage industry, extending their services across NC, SC, FL, TN, AL, and VA.

Personalized Mortgage Solutions

The Sherry Riano Team stands out with its bespoke approach. Recognizing that each client's story is unique, they provide personalized mortgage solutions, tailoring their services to individual financial needs and goals. Their expertise ranges from aiding first-time buyers and relocating families to assisting self-employed borrowers and real estate investors.

Protecting Client Interests

With a focus on protecting their clients’ credit scores, the team expertly navigates rate shopping across over 25 banks and lenders. This strategy not only offers the best rates but also minimizes the impact of multiple credit inquiries - a crucial aspect often overlooked in the mortgage process.

Efficiency and Support

Their commitment to efficiency is evident in their 20-day closing process and 24/7 loan progress monitoring, ensuring clients are well-informed at every step. Their quick pre-approvals, sometimes in as little as 15 minutes, and streamlined closing processes underscore their dedication to client convenience.

Local, Yet Far-reaching

Though rooted in Cary, their reach and impact extend far beyond. Sherry Riano's journey, from a Raleigh native to a nationally recognized mortgage expert, reflects a deep commitment to her community and clients. Her team's recent foray into commercial financing, covering a wide range of properties, marks a new chapter in their ever-expanding portfolio of services.

Community and Family

Despite her professional accolades, Sherry's heart remains with her family and the local community. A proud mother and grandmother, she balances her professional life with her love for travel and the beaches, always returning to her North Carolinian roots.

Final Thoughts

The Sherry Riano Team is more than just a mortgage firm; it’s a testament to personalized service, industry expertise, and a commitment to client success. Whether it's buying a first home or exploring commercial property investments, Sherry Riano and her team stand ready to guide their clients towards their financial dreams.

Learn more about: Tailored Mortgages and The Sherry Riano Team

U.S. Trends in Mortgage & Real Estate

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

1. Mortgage Rates Dropping: According to Redfin, there's been a noticeable drop in mortgage rates recently. This week, average mortgage rates fell to 6.82%, which is the lowest level since May. This decline in rates has led to an increase in mortgage-purchase applications, which are up nearly 20% from their November low point. This change is seen as a piece of good news for the housing market​​.
   Read Source
   

2. Increase in Home Listings: National Mortgage News reported that the housing market logjam is easing, as more homeowners are encouraged to list their properties for sale. This increase in listings is the largest in over a year. Falling mortgage rates during November were a key factor in this trend. Additionally, pending home sales rose to their highest since the summer of 2022. However, it's noted that canceled sales have reached a new high, constituting 16.9% of all transactions in November​​. Read Source
   

3. Market Predictions and Buyer Behavior: The market is experiencing adjustments as both buyers and sellers adapt to the current conditions. Sellers are now understanding the need to price their homes fairly and offer buyer concessions in some cases. On the other hand, buyers, who are getting back into the market, are learning to live with the uncertainty of fluctuating mortgage rates. There's an anticipation of a similar recovery in the housing market in early 2024, expected to be more sustainable with potential inflation reduction and Fed rate cuts​​. Read Source

   These reports indicate a dynamic and evolving real estate market in the U.S., with changing mortgage rates, shifting buyer and seller behaviors, and varying levels of market activity. The current trends point towards an easing of market conditions, with potential opportunities for both buyers and sellers in the near future.

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