In this Cary Spotlight Issue…

💭Spotlight Hook Trivia

🏡 Cary Real Estate: Properties Sold in Cary Last Week

🏡 U.S. Trends in Mortgage & Real Estate

💡 Townhomes Monthly Roundup: Mar 2024

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Properties Sold in Cary, NC for Week of 07 April 2024 (Data source: Redfin)

Property Type: Single Family Residential.

There were 27 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 $844,352

The average size in square feet for houses sold is 2,839

The average price per square foot for houses that sold is $302

The number of homes sold by Postal Code:

• 27511: 9 homes

• 27513: 5 homes

• 27518: 6 homes

• 27519: 7 homes

The properties are listed from highest SOLD PRICE to lowest:

Click on the address to view listing. We only listed the top 20 homes sold.

114 Lochinvar Ct, Cary, NC 27511 
Sold Price: $2,125,000 | Beds: 5 | Baths: 4.5 | Size: 5340 sqft

101 Lake Cliff Ct, Cary, NC 27513
Sold Price: $1,701,000 | Beds: 4 | Baths: 3.5 | Size: 3520 sqft

206 Chalon Dr, Cary, NC 27511 
Sold Price: $1,450,000 | Beds: 4 | Baths: 4.0 | Size: 3650 sqft

441 Hilliard Forest Dr, Cary, NC 27519 
Sold Price: $1,430,000 | Beds: 6 | Baths: 6.5 | Size: 7383 sqft

101 Hardenbrook Ct, Cary, NC 27519 
Sold Price: $1,295,000 | Beds: 5 | Baths: 3.5 | Size: 3742 sqft

102 Bervie Ct, Cary, NC 27511 
Sold Price: $1,025,000 | Beds: 3 | Baths: 2.5 | Size: 2352 sqft

629 Mercer Grant Dr, Cary, NC 27519 
Sold Price: $995,000 | Beds: 6 | Baths: 4.0 | Size: 3432 sqft

111 Cricket Ln, Cary, NC 27518 
Sold Price: $940,000 | Beds: 4 | Baths: 3.0 | Size: 3919 sqft

906 Alden Bridge Dr, Cary, NC 27519 
Sold Price: $910,000 | Beds: 5 | Baths: 4.5 | Size: 3713 sqft

332 Parlier Dr, Cary, NC 27519 
Sold Price: $870,000 | Beds: 4 | Baths: 3.0 | Size: 3251 sqft

101 Juliet Cir, Cary, NC 27513 
Sold Price: $765,000 | Beds: 5 | Baths: 3.0 | Size: 3175 sqft

305 Piperwood Dr, Cary, NC 27518 
Sold Price: $745,000 | Beds: 3 | Baths: 2.5 | Size: 2584 sqft

429 Warren Ave, Cary, NC 27511 
Sold Price: $712,000 | Beds: 3 | Baths: 2.0 | Size: 1800 sqft

216 Capistrane Dr, Cary, NC 27519 
Sold Price: $696,000 | Beds: 4 | Baths: 2.5 | Size: 2489 sqft

109 Clubstone Ln, Cary, NC 27518 
Sold Price: $685,000 | Beds: 3 | Baths: 2.5 | Size: 2573 sqft

4040 Franks Creek Dr, Cary, NC 27518 
Sold Price: $670,000 | Beds: 4 | Baths: 2.5 | Size: 2945 sqft

501 Garendon Dr, Cary, NC 27519 
Sold Price: $642,500 | Beds: 2 | Baths: 2.0 | Size: 2166 sqft

209 Muir Woods Dr, Cary, NC 27513 
Sold Price: $640,000 | Beds: 4 | Baths: 3.5 | Size: 2753 sqft

503 S Dixon Ave, Cary, NC 27511 
Sold Price: $627,097 | Beds: 3 | Baths: 2.0 | Size: 1352 sqft

106 Bethenia Pl, Cary, NC 27511 
Sold Price: $601,000 | Beds: 3 | Baths: 2.0 | Size: 1770 sqft

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

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: Mortgage rates have shown minimal movement, indicating a period of stability or what could be termed a "near-record setting week for boredom" among mortgage rate watchers. For instance, as of a recent update, the 30-year fixed mortgage rate stood at 6.91%, the 15-year fixed rate was at 6.48%, and the 30-year jumbo rate at 7.29%. These figures highlight a slight variation within the mortgage market, with rates ranging across different mortgage types showing minor adjustments either up or down Read Source.
   

2. Real Estate Trends: Looking ahead into 2024, there is a blend of optimism and caution regarding mortgage rates and the housing market. Experts from Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors predict that the 30-year mortgage rate might fall to below 7% in the second half of 2024. Despite this potential decline, it's expected that rates will still end the year above 6%, indicating that the era of very low-interest rates might not return anytime soon. This scenario is rooted in the broader economic context and past failures to predict rate rises, suggesting that while a downward trend may be likely, it won't herald a return to the historically low rates experienced between 2019 and 2022.
   Read Source
   

Townhomes Monthly Roundup:
March 2024

Properties Sold in Cary, NC for 1 Mar to 31 Mar 2024 (Data source: Redfin)

Property Type: Townhome

Definition: A townhome is a multi-story house in a modern housing development which is attached to one or more similar houses by shared walls. Each has its own entrance and often a small front lawn and backyard as well.

There were 34 properties sold in Cary, NC during March 2024. Please note that in this section we exclude land sales and single family residential properties. Here are a few statistics based on the sales from last month:

The average price for all properties sold is $469,394

The average size in square feet for houses sold is 1,985

The average price per square foot for houses that sold is $240

The number of townhomes sold by Postal Code:

• 27511: 10 townhomes

• 27513: 9 townhomes

• 27518: 3 townhomes

• 27519: 12 townhomes

The properties are listed from highest SOLD PRICE to lowest:

Click on the address to view listing. We only listed the top 20 townhomes sold.

210 Lions Gate Dr, Cary, NC 27518  Sold Price:  $950,000  
Beds:  3  Baths:  3.5  Size:  3949 sqft

212 Mazarin Ln, Cary, NC 27519  Sold Price:  $613,000  
Beds:  4  Baths:  3.5  Size:  2580 sqft

804 Money Island Pl, Cary, NC 27519  Sold Price:  $603,135  
Beds:  3  Baths:  2.5  Size:  2058 sqft

4035 Overcup Oak Ln, Cary, NC 27519  Sold Price:  $596,000  
Beds:  4  Baths:  3.5  Size:  2819 sqft

818 Money Island Pl, Cary, NC 27519  Sold Price:  $594,410  
Beds:  2  Baths:  2.5  Size:  2410 sqft

928 River Bark Pl, Cary, NC 27519  Sold Price:  $585,000  
Beds:  2  Baths:  2.5  Size:  2291 sqft

106 Churchview St, Cary, NC 27513  Sold Price:  $580,000  
Beds:  3  Baths:  2.5  Size:  2755 sqft

910 Green Ash Ln, Cary, NC 27513  Sold Price:  $576,400  
Beds:  4  Baths:  3.0  Size:  2450 sqft

724 Churton Pl, Cary, NC 27518  Sold Price:  $570,000  
Beds:  3  Baths:  3.0  Size:  2248 sqft

550 Balsam Fir Dr, Cary, NC 27519  Sold Price:  $550,000  
Beds:  3  Baths:  3.5  Size:  2761 sqft

236 Alamosa Pl, Cary, NC 27519  Sold Price:  $541,000  
Beds:  3  Baths:  2.5  Size:  2159 sqft

8713 Macedonia Lake Dr, Cary, NC 27518  Sold Price:  $506,222  
Beds:  3  Baths:  3.5  Size:  2382 sqft

105 Brush Stream Dr, Cary, NC 27511  Sold Price:  $500,000  
Beds:  4  Baths:  2.5  Size:  2244 sqft

722 Hornchurch Loop, Cary, NC 27519  Sold Price:  $485,722  
Beds:  2  Baths:  2.0  Size:  1522 sqft

254 Kylemore Cir, Cary, NC 27513  Sold Price:  $477,000  
Beds:  3  Baths:  2.5  Size:  1992 sqft

209 Harbor Creek Dr, Cary, NC 27511  Sold Price:  $475,000  
Beds:  3  Baths:  3.0  Size:  2214 sqft

136 Sabiston Ct, Cary, NC 27519  Sold Price:  $473,000  
Beds:  2  Baths:  2.0  Size:  1428 sqft

348 Longchamp Ln, Cary, NC 27519  Sold Price:  $470,000  
Beds:  3  Baths:  2.5  Size:  1938 sqft

111 Breakers Pl, Cary, NC 27511  Sold Price:  $435,111  
Beds:  3  Baths:  2.5  Size:  1800 sqft

235 Hanover Pl, Cary, NC 27511  Sold Price:  $430,000  
Beds:  3  Baths:  3.0  Size:  1811 sqft

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