In this Cary Spotlight Issue…

💭Spotlight Hook Trivia

🏡 Cary Real Estate: Properties Sold in Cary Last Week

💡 Elevating Property Management and Sales: The Distinctive Approach of Mike Tefft in Real Estate

🏡 🔨Sweeping Real Estate Reform: NAR to Drop 6% Commission Following Landmark Lawsuits

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

Dear Reader,

We look forward to sharing news, spotlights of businesses and events that make our vibrant community a great place to live, work and play. We need your help.

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They don’t have to be an expert in all of these areas. More importantly, they have to be focused on serving the community and can play nice with others.

Chris Coetzer
Founder/Publisher
Cary Spotlight

P.S. If you seeing this message, then there are still spots available.

Question: Who is the women's rights activist, coined the term "birth control."?

A) Marie Biscuit B) Margaret Sanger C) Marie Curie

(Answer at the bottom of the newsletter.)

Properties Sold in Cary, NC for Week of 17 March 2024 (Data source: Redfin)

Property Type: Single Family Residential.

There were 23 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 $734,995

The average size in square feet for houses sold is 2,762

The average price per square foot for houses that sold is $269.

The number of homes sold by Postal Code:

• 27511: 3 homes

• 27513: 9 homes

• 27518: 3 homes

• 27519: 8 homes

The properties are listed from highest SOLD PRICE to lowest:

Click on the address to view listing. We only listed the top 10 homes sold.

4203 Newington Hills Way, Cary, NC 27513 
- Sold Price: $1,185,000, Beds: 5, Baths: 5.5, Size: 4947 sqft

701 Stoney Knoll Dr, Cary, NC 27519 
- Sold Price: $1,155,000, Beds: 3, Baths: 3.0, Size: 3425 sqft

102 Cumulus Ct, Cary, NC 27513 
- Sold Price: $900,000, Beds: 4, Baths: 3.5, Size: 3371 sqft

104 Gorge Ct, Cary, NC 27518 
- Sold Price: $875,000, Beds: 5, Baths: 2.5, Size: 3302 sqft

1421 Sabino Dr, Cary, NC 27519 
- Sold Price: $861,827, Beds: 5, Baths: 4.0, Size: 3067 sqft

301 Briardale Ave, Cary, NC 27519 
- Sold Price: $850,000, Beds: 4, Baths: 3.0, Size: 2777 sqft

513 Grant Forest Ln, Cary, NC 27519 
- Sold Price: $816,000, Beds: 4, Baths: 3.0, Size: 3286 sqft

937 Regency Cottage Pl, Cary, NC 27518 
- Sold Price: $789,000, Beds: 4, Baths: 3.5, Size: 3173 sqft

1303 English Cottage Ln, Cary, NC 27518 
- Sold Price: $782,000, Beds: 3, Baths: 3.5, Size: 3567 sqft

1109 Dominion Hill Dr, Cary, NC 27519 
- Sold Price: $775,000, Beds: 4, Baths: 3.5, Size: 2831 sqft

300 Stablegate Dr, Cary, NC 27513 
- Sold Price: $750,000, Beds: 4, Baths: 2.5, Size: 2717 sqft

303 Bond Lake Dr, Cary, NC 27513
- Sold Price: $705,000, Beds: 4, Baths: 2.5, Size: 3176 sqft

104 Drysdale Ct, Cary, NC 27511 
- Sold Price: $705,000, Beds: 4, Baths: 2.5, Size: 2684 sqft

104 Pennsbury Ct, Cary, NC 27513 
- Sold Price: $702,000, Beds: 4, Baths: 2.5, Size: 2660 sqft

602 Modena Dr, Cary, NC 27513 
- Sold Price: $652,000, Beds: 3, Baths: 2.5, Size: 2231 sqft

100 Abernathy Ct, Cary, NC 27511 
- Sold Price: $637,550, Beds: 3, Baths: 2.5, Size: 2260 sqft

504 Quaker Dell Ln, Cary, NC 27519 
- Sold Price: $630,000, Beds: 3, Baths: 2.0, Size: 2394 sqft

420 Fincastle Dr, Cary, NC 27513 
- Sold Price: $618,500, Beds: 3, Baths: 2.5, Size: 2102 sqft

103 Caniff Ln, Cary, NC 27519 
- Sold Price: $580,000, Beds: 4, Baths: 2.5, Size: 2645 sqft

509 Clarenbridge Dr, Cary, NC 27519 
- Sold Price: $570,000, Beds: 2, Baths: 2.0, Size: 1768 sqft

Click Here For the Full List of All Properties Sold Last Week

Elevating Property Management and Sales: The Distinctive Approach of Mike Tefft in Real Estate

Mike Tefft at Tefft Realty Group has established himself as a pivotal figure in the real estate industry, with 19 years of experience guiding his mission to deliver unparalleled service in residential, commercial, and property management sectors. His tenure with the RE/MAX brand, beginning in 2009, has been marked by significant achievements and a steadfast commitment to his clients and community.

Tefft's reputation as a Top Producer in the region and his induction into the RE/MAX Hall of Fame in 2018 speak volumes about his dedication and the high esteem in which he is held. These honors are not just professional milestones, but are reflective of his profound impact on clients’ lives through his work in real estate.

One of the hallmarks of Tefft's approach is his meticulous attention to detail and his 24/7 availability to clients. This level of service is rare and sets Tefft Realty Group apart from competitors. It embodies Tefft’s commitment to not just meeting but exceeding client expectations, ensuring they find the perfect property fit through extensive searches and visits, if necessary.

Beyond his professional endeavors, Tefft's community involvement showcases his belief in giving back. His support for the NCST Wolfpack Hockey Club and youth hockey programs highlights his dedication to fostering community spirit and aiding charitable causes, including the Angel Tree program which assists families in need during the holiday season.

Mike Tefft's journey in real estate began with his roles as a real estate agent and loan officer, quickly evolving as his passion for helping clients buy and sell properties became evident. His experience has been enriched by his personal real estate investments and his leadership of Wake County’s premier full-service property management company, NET Property Management, alongside his wife. Their combined efforts offer investors a comprehensive real estate service, from acquisition to property management.

The recent transition of his office from RE/MAX Advantage to RE/MAX Executive signifies a new chapter in providing exemplary real estate services in the Raleigh/Durham and greater Triangle area. This merger brings together over 30 agents with more than 300 years of combined experience, reinforcing the team's ability to deliver professional and knowledgeable service.

Client testimonials underscore the profound impact Tefft has had on their real estate experiences, lauding his communication skills, deep market knowledge, and the personal care he extends beyond the transaction. These stories affirm that Tefft's work goes beyond facilitating real estate transactions; he builds lasting relationships and community connections.

As Mike Tefft and the Tefft Realty Group continue to serve the Raleigh/Durham and greater Triangle area, their dedication to quality service, community involvement, and a genuine passion for real estate set them apart. Whether for buying, selling, or property management needs, Mike Tefft and his team are equipped to guide clients through every step of their real estate journey, ensuring a rewarding and fulfilling experience.

Contact Info for Mike Tefft
Realtor/Broker
RE/MAX Executive
Tefft Realty Group
website: https://mtefft.remax.com/
Phone: 919-389-6807
Email: [email protected]

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Sweeping Real Estate Reform: NAR to Drop 6% Commission Following Landmark Lawsuits

The National Association of Realtors (NAR) has reached a settlement that will end the standard 6% commission on home sales, following antitrust lawsuits.

This settlement, which includes a $418 million payout, is expected to make home transactions more affordable and shake up the real estate industry by encouraging price competition among realtors.

It introduces rules that will increase transparency and consumer choice, potentially leading to significant reductions in real estate commissions. The agreement has had immediate impacts on real estate companies' stock prices, with increases in homebuilder stocks and declines for companies like Zillow and Compass.

This change represents the most significant overhaul in the housing market in a century, offering a more competitive and fair environment for homebuyers and sellers alike.

Read full article