In this Cary Spotlight Issue…

💭Spotlight Hook Trivia

🔥 Meme of the Day

🏡 Cary Real Estate: Properties Sold in Cary Last Week

💡 U.S. Trends in Mortgage & Real Estate

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

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Properties Sold in Cary, NC for Week of 16 August 2024 (Data source: Redfin)

Property Type: Single Family Residential.

There were 21 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(short week because of 4th of July Holidays):

The average price for all properties sold is $759,595

The average size in square feet for houses sold is 2,843

The average price per square foot for houses that sold is $273

The number of homes sold by Postal Code:

• 27511: 4 homes

• 27513: 6 homes

• 27518: 3 homes

• 27519: 8 homes

• 27539: 0 homes

The properties are listed from highest SOLD PRICE to lowest:

 Click on the address to view listing.

Address: 909 Weycroft Ave, Cary, NC 27519 Sold Price: $1,431,000 Beds: 5 Baths: 4.5 Size: 4601 sqft

Address: 305 Ambermore Pl, Cary, NC 27519 Sold Price: $1,250,000 Beds: 6 Baths: 4.0 Size: 3977 sqft

Address: 512 Ferrell St, Cary, NC 27511 Sold Price: $1,230,000 Beds: 4 Baths: 3.5 Size: 3229 sqft

Address: 1436 Carpenter Town Ln, Cary, NC 27519 Sold Price: $1,193,000 Beds: 5 Baths: 4.5 Size: 5386 sqft

Address: 801 Allforth Pl, Cary, NC 27519 Sold Price: $900,000 Beds: 4 Baths: 3.5 Size: 5049 sqft

Address: 7001 Talton Ridge Dr, Cary, NC 27519 Sold Price: $868,000 Beds: 5 Baths: 3.5 Size: 3003 sqft

Address: 1152 Canyon Shadows Ct, Cary, NC 27519 Sold Price: $763,000 Beds: 4 Baths: 3.0 Size: 2818 sqft

Address: 103 Welchdale Ct, Cary, NC 27513 Sold Price: $750,000 Beds: 4 Baths: 2.5 Size: 2680 sqft

Address: 1104 Canyon Shadows Ct, Cary, NC 27519  Sold Price: $750,000 Beds: 3 Baths: 3.0 Size: 2694 sqft

Address: 104 Hollycliff Ln, Cary, NC 27518 Sold Price: $725,000 Beds: 4 Baths: 2.5 Size: 2738 sqft

Address: 212 Longbridge Dr, Cary, NC 27518 Sold Price: $697,000 Beds: 4 Baths: 2.5 Size: 2666 sqft

Address: 103 Bayreuth Pl, Cary, NC 27513 Sold Price: $615,000 Beds: 4 Baths: 2.5 Size: 2194 sqft

Address: 504 Carriage Woods Cir, Cary, NC 27513 Sold Price: $595,000 Beds: 4 Baths: 2.5 Size: 2290 sqft

Address: 909 Brookgreen Dr, Cary, NC 27511 Sold Price: $557,000 Beds: 4 Baths: 2.5 Size: 1989 sqft

Address: 413 Brook Creek Dr, Cary, NC 27519 Sold Price: $550,000 Beds: 4 Baths: 2.5 Size: 2122 sqft

Address: 101 Canton Chase Ct, Cary, NC 27513 Sold Price: $535,000 Beds: 3 Baths: 2.5 Size: 1950 sqft

Address: 201 SE Maynard Rd, Cary, NC 27511 Sold Price: $530,000 Beds: 3 Baths: 2.0 Size: 1994 sqft

Address: 110 Oxpens Rd, Cary, NC 27513 Sold Price: $525,000 Beds: 4 Baths: 2.5 Size: 2309 sqft

Address: 308 Durington Pl, Cary, NC 27518 Sold Price: $525,000 Beds: 4 Baths: 2.5 Size: 3132 sqft

Address: 407 Palmer Pl, Cary, NC 27511 Sold Price: $482,500 Beds: 4 Baths: 2.0 Size: 1297 sqft

Address: 209 Trailview Dr, Cary, NC 27513 Sold Price: $480,000 Beds: 3 Baths: 2.5 Size: 1591 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:

• Mortgage Rates: There's been a minor uptick in mortgage rates recently. As of the latest updates, the 30-year fixed-rate mortgage averages around 6.47%, with slight fluctuations across different sources and weeks. However, trends suggest a possible decline in mortgage rates as the year progresses due to economic indicators like inflation rates and federal policies​ (Moneywise)​ (HousingWire).
  

• Real Estate Trends: U.S. home prices have continued to hit new highs, with significant demand in certain metropolitan areas, despite the high mortgage rates. This trend reflects a complex interplay between available housing inventory and buyer demand, influenced by broader economic conditions such as employment rates and market sentiment​ (Redfin)​ (Redfin).
  

• Market Predictions: Looking forward, experts suggest that mortgage rates may continue to see a downward adjustment in the coming months. This expectation is based on current economic slowdown signs, including a decrease in job additions and moderated inflation, which might prompt the Federal Reserve to adjust interest rates accordingly​ (HousingWire).

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