In this Cary Spotlight Issue…

💭Spotlight Hook Trivia

☀️ Cary NC Weather

🏡 Cary Real Estate: Properties Sold in Cary Last Week

🔍 FREE Report of the Estimated Selling Price for Your Home

🏡 U.S. Trends in Mortgage & Real Estate

🏡 Mortgage Tip

😀 Viral Meme

This is the Real Estate Edition: local news and events will be back on Tuesday.

Question: Who became the first Black woman to receive a Ph.D. in chemistry in the United States?

A) Marie M. Daly B) Susan B. Anthony C) Gloria S. Stefan

(Answer at the bottom of the newsletter.)

Properties Sold in Cary, NC for Week of 18 Feb 2024 (Data source: Redfin)

Property Type: Single Family Residential.

There were 17 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 $696,388

The average size in square feet for houses sold is 2,576.

The average price per square foot for houses that sold is $275.

The properties are listed from highest SOLD PRICE to lowest:

Click on the address to view listing.

106 Divot Ln, Cary, NC 27513 | Sold Price: $1,450,000 
Beds: 4 | Baths: 3.5 | Size: 3492 sqft

111 Old Pros Way, Cary, NC 27513 | Sold Price: $1,250,000 
Beds: 4 | Baths: 3.5 | Size: 3876 sqft

314 Highlands Bluffs Dr, Cary, NC 27518 | Sold Price: $850,000
Beds: 5 | Baths: 4.5 | Size: 4515 sqft

101 Dometh Ct, Cary, NC 27519 | Sold Price: $840,000
Beds: 4 | Baths: 2.5 | Size: 2962 sqft

1702 Kilarney Dr, Cary, NC 27511 | Sold Price: $751,000 
Beds: 4 | Baths: 3.0 | Size: 2666 sqft

305 Connemara Dr, Cary, NC 27519 | Sold Price: $717,500 
Beds: 4 | Baths: 2.5 | Size: 3414 sqft

104 Westport Dr, Cary, NC 27511 | Sold Price: $715,000 
Beds: 3 | Baths: 2.5 | Size: 2884 sqft

423 New Rail Dr, Cary, NC 27513 | Sold Price: $655,000 
Beds: 4 | Baths: 2.5 | Size: 3008 sqft

104 Crimmons Cir, Cary, NC 27511 | Sold Price: $651,104 
Beds: 4 | Baths: 2.5 | Size: 2493 sqft

106 Huntsmoor Ln, Cary, NC 27513 | Sold Price: $565,000 
Beds: 3 | Baths: 2.5 | Size: 2278 sqft

203 Youngsford Ct, Cary, NC 27513 | Sold Price: $560,000 
Beds: 4 | Baths: 2.5 | Size: 2612 sqft

117 Westview Cv, Cary, NC 27513 | Sold Price: $518,000 
Beds: 2 | Baths: 2.5 | Size: 1571 sqft

204 Rosecommon Ln, Cary, NC 27511 | Sold Price: $512,000 
Beds: 3 | Baths: 2.0 | Size: 1929 sqft

110 Thamesford Way, Cary, NC 27513 | Sold Price: $476,000 
Beds: 4 | Baths: 3.0 | Size: 1689 sqft

320 Fenmore Pl, Cary, NC 27519 | Sold Price: $458,000
Beds: 2 | Baths: 2.0 | Size: 1439 sqft

107 Keystone Dr, Cary, NC 27513 | Sold Price: $455,000 
Beds: 3 | Baths: 2.5 | Size: 1657 sqft

1214 Selwyn Ln, Cary, NC 27511 | Sold Price: $415,000 
Beds: 3 | Baths: 2.0 | Size: 1312 sqft

FREE Report of the Estimated Selling Price for Your Home!

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 Rate Trends: As of the latest update, the 30-year fixed mortgage rate has climbed to 7.14%, marking a significant shift within the market. This increase is alongside rises in other mortgage types, including the 15-year fixed, 30-year jumbo, and 5/1 ARM rates. The upward movement in mortgage rates is attributed to factors such as inflation and economic reports influencing interest rate momentum. This trend suggests a heightened cost for borrowers and could impact buyer affordability and demand within the housing market.
   Read Source
   

2. Real Estate Trends: The National Association of Realtors (NAR) provided insights into the latest housing market behavior, indicating a mixed scenario across the country. For instance, December saw a decline in existing-home sales, yet pending home sales experienced a significant surge. This dynamic reflects a complex real estate environment where regional variations play a crucial role. NAR's forecast suggests an eventual increase in existing-home sales, painting an optimistic picture for the year ahead.
   Read Source
   

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