In this Cary Spotlight Issue…

💭Spotlight Hook Trivia

🏡 Cary Real Estate: Properties Sold in Cary Last Week

💡 Real Estate and Mortgage Trends

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

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Founder/Publisher
Cary Spotlight

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Question: Where is the world's largest swimming pool located?

(Answer at the bottom of the newsletter.)

Properties Sold in Cary, NC for Week of 9 June 2024 (Data source: Redfin)

Property Type: Single Family Residential.

There were 32 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 $815,992

The average size in square feet for houses sold is 2,957

The average price per square foot for houses that sold is $277

The number of homes sold by Postal Code:

• 27511: 9 homes

• 27513: 10 homes

• 27518: 1 homes

• 27519: 10 homes

• 27539: 2 homes

The properties are listed from highest SOLD PRICE to lowest:

 Click on the address to view listing.

405 Rutherglen Dr, Cary, NC 27511
Sold Price: $1,700,000 | Beds: 4 | Baths: 3.5 | Size: 4527 sq ft

923 Dominion Hill Dr, Cary, NC 27519
Sold Price: $1,375,000 | Beds: 5 | Baths: 4.0 | Size: 4698 sq ft

300 Bordeaux Ln, Cary, NC 27511  
Sold Price: $1,207,500 | Beds: 5 | Baths: 4.0 | Size: 4123 sq ft

1312 Magnolia Bend Loop Loop, Cary, NC 27519  
Sold Price: $1,170,000 | Beds: 5 | Baths: 5.5 | Size: 4790 sq ft

2014 Burrus Hall Cir, Cary, NC 27519
Sold Price: $1,165,000 | Beds: 6 | Baths: 5.0 | Size: 4741 sq ft

4432 Chandler Cove Way, Cary, NC 27539  
Sold Price: $1,100,855 | Beds: 5 | Baths: 4.0 | Size: 3077 sq ft

102 Balzac Ct, Cary, NC 27511  
Sold Price: $1,100,000 | Beds: 4 | Baths: 3.0 | Size: 3444 sq ft

112 Murdock Creek Ct, Cary, NC 27519 
Sold Price: $950,000 | Beds: 4 | Baths: 3.5 | Size: 3651 sq ft

105 Nimbus Ct, Cary, NC 27513  
Sold Price: $939,500 | Beds: 4 | Baths: 2.5 | Size: 2971 sq ft

210 Arbordale Ct, Cary, NC 27518  
Sold Price: $930,000 | Beds: 5 | Baths: 3.5 | Size: 3803 sq ft

1201 Kings Canyon Ct, Cary, NC 27519  
Sold Price: $915,000 | Beds: 4 | Baths: 4.0 | Size: 3038 sq ft

405 Modena Dr, Cary, NC 27513  
Sold Price: $875,000 | Beds: 4 | Baths: 2.5 | Size: 2387 sq ft

111 Livingstone Dr, Cary, NC 27513  
Sold Price: $850,000 | Beds: 3 | Baths: 2.5 | Size: 2829 sq ft

200 Bradwyck Dr, Cary, NC 27513
Sold Price: $841,000 | Beds: 5 | Baths: 3.5 | Size: 3854 sq ft

107 Vintage Hill Cir, Cary, NC 27539
Sold Price: $815,000 | Beds: 5 | Baths: 3.0 | Size: 3252 sq ft

104 Juliet Cir, Cary, NC 27513  
Sold Price: $805,000 | Beds: 4 | Baths: 3.0 | Size: 3314 sq ft

205 Halls Mill Dr, Cary, NC 27519
Sold Price: $800,000 | Beds: 4 | Baths: 2.5 | Size: 2839 sq ft

269 Seymour Pl, Cary, NC 27519  
Sold Price: $766,000 | Beds: 4 | Baths: 3.0 | Size: 3534 sq ft

128 Beckingham Loop, Cary, NC 27519  
Sold Price: $765,000 | Beds: 3 | Baths: 2.0 | Size: 2500 sq ft

611 Carpenter Town Ln, Cary, NC 27519  
Sold Price: $730,000 | Beds: 4 | Baths: 2.5 | Size: 2511 sq ft

202 Crimmons Cir, Cary, NC 27511  
Sold Price: $675,000 | Beds: 5 | Baths: 3.5 | Size: 2867 sq ft

307 Tweed Cir, Cary, NC 27511
Sold Price: $630,000 | Beds: 3 | Baths: 2.5 | Size: 2258 sq ft

403 Indian Elm Ln, Cary, NC 27519  
Sold Price: $590,000 | Beds: 3 | Baths: 2.0 | Size: 2614 sq ft

101 Airlie Ct, Cary, NC 27513 | 
Sold Price: $585,000 | Beds: 3 | Baths: 2.0 | Size: 2103 sq ft

1330 Kingston Ridge Rd, Cary, NC 27511  
Sold Price: $585,000 | Beds: 4 | Baths: 3.0 | Size: 2484 sq ft

110 King James Ct, Cary, NC 27513 
Sold Price: $552,000 | Beds: 4 | Baths: 2.5 | Size: 2491 sq ft

409 Carriage Ln, Cary, NC 27511  
Sold Price: $500,000 | Beds: 3 | Baths: 2.0 | Size: 1460 sq ft

1419 Brunson Ct, Cary, NC 27511
Sold Price: $494,000 | Beds: 4 | Baths: 2.5 | Size: 2021 sq ft

301 Bridgepath Dr, Cary, NC 27513
Sold Price: $479,000 | Beds: 3 | Baths: 2.5 | Size: 1634 sq ft

207 Howland Ave, Cary, NC 27513
Sold Price: $460,000 | Beds: 4 | Baths: 3.0 | Size: 1819 sq ft

1032 Manchester Dr, Cary, NC 27511
Sold Price: $426,900 | Beds: 3 | Baths: 2.5 | Size: 1950 sq ft

801 Academy View Ct, Cary, NC 27513  
Sold Price: $335,000 | Beds: 3 | Baths: 1.5 | Size: 1052 sq ft

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

Real Estate and Mortgage Trends

Several noteworthy developments regarding mortgage rates and real estate trends in the USA:

1. National Real Estate Market: The national real estate market is experiencing some shifts. Existing-home sales decreased slightly in April 2024, but the upper-end market saw gains due to increased supply. Pending home sales also fell by 7.7%, with notable declines in the Midwest and West​ (www.nar.realtor)​.
   

2. Home Prices and Buyer Relief: Both mortgage rates and home prices have recently dropped, presenting some relief for potential homebuyers. This shift is expected to bring new dynamics to the market as summer approaches​ (The Mortgage Reports)​.
   

3. Mortgage Rates Decline: Mortgage rates have started to drift below 7% in June 2024, providing a slight relief for homebuyers. The rates have been moving sideways throughout 2024, and experts are hopeful for a further decrease​ (The Mortgage Reports)​.
   

These trends indicate a complex and shifting landscape in the U.S. real estate market, influenced by both economic factors like the Federal Reserve's decisions and underlying market dynamics such as supply and demand.

Editor’s Note: To make sense of Cary Real Estate consult a local Real Estate Agent with knowledge and expertise in the local market.

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