Market Report - Raleigh NC

Southeast Raleigh New Home Listings Down 32% to December 2008

 Choices Getting Slimmer for New Home Buyers in 2009

Most Up-to-Date Raleigh Market Reports - How is the Housing Market in Raleigh?

 

Looking for a new home in the Garner NC area?  Thinking the choices have gotten a little thinner?  You're right....

New Home inventory in Southeast Raleigh NC was down 32% in December 2009 versus December 2008.

New Home Listings by Price Point in Southeast Raleigh NC

  

 

There were fewer new home listings in Southeast Raleigh NC in every price point - the only exception was new condos, which increased by eight units. 

There were 21 single family homes were listed in the Garner NC/Southeast Raleigh area under $150K, making Southeast Raleigh NC one of the more affordable areas in Wake County.  There were also 32 new homes listed between $150-199K. 

The $200-299K, $300-399K, and $400-499K price ranges all had significant percent reduction of Southeast Raleigh NC new home choices - from 60 homes in December 2008 to only 31 homes in December of 2009.

Garner NC area new homes in the $150K and under range saw a 46% reduction in inventory levels, from 39 to 21 new homes.

Garner NC area new homes in the $150-199K range saw a 47% reduction in inventory levels, from 60 to 32 new homes.

 Overall New Home Listings in Southeast Raleigh NC - December 2009   

 In third quarter 2008, there were 205 new homes listed in Southeast Raleigh NC.

In third quarter 2009, there were only 139 new homes listed in Southeast Raleigh/Garner NC.

Builders are building fewer "speculative" homes, and more home buyers are opting for completely custom packages, in every price point (which means the homes are not listed, but completed to the buyers exact specifications). 

On the bright side, if you're looking for a new home, there are many more choices of available lots in Garner/SE Raleigh NC, so it is easier to match up your floorplan, budget, and location (browse available communities here). 

What Price Points are getting the most showings in Southeast Raleigh?  

 

 

If you're looking to purchase in these price points, you'll have more competition for your new home.

$150-199K new homes in Garner NC area saw the most overall showings - 32% of all showings were for Garner new homes in this price point, while only 23% of inventory was in this price point.

Condos in Garner NC saw a surge in interest, with more than 4 times the number of showings as seen in September 2009.

$300-399K new homes in Southeast Raleigh were also very busy.  These homes represented 12% of the available new home inventory in Garner NC, but saw 19% of the Garner new home showings.

New Homes in Garner - Overall Showings

In September 2009, Garner new homes had a total of 94 showings.  In November of 2009, Garner NC new homes saw 124 showings.  Showings in November were up 32% to September, in a time of year that is typically much slower. 

 

Garner NC New Home Resources:

 

Garner NC New Home Builders

Build On Your Lot in Garner, NC

Accessible Homes NC – Accessible Builders in Garner

Acreage Lots for Sale Garner, NC

Garner, NC New Home Lots and Land

 

 

Raleigh NC Market Report

Southeast Raleigh New Home Listings Almost Half of Last Year

Choices Getting Slimmer for New Home Buyers in Fall 2009

Looking for a new home in the Garner NC area?  Thinking the choices have gotten a little thinner?  You're right....

New Home inventory in Southeast Raleigh NC was down 42% in third quarter 2009 versus third quarter 2008.

New Home Listings by Price Point in Southeast Raleigh NC

 

 

There were fewer new home listings in Southeast Raleigh NC in every price point - the only exception was new condos, which increased by two units. 

There were 21 single family homes were listed in the Garner NC/Southeast Raleigh area under $150K, making Southeast Raleigh NC one of the more affordable areas in Wake County.  There were also 32 new homes listed between $150-199K. 

The $400-499K price range had the most significant percent reduction of Southeast Raleigh NC new home choices - from 9 homes in third quarter 2008 to only 2 homes in third quarter 2009, a new home inventory reduction of 78%. 

Garner NC area new homes in the $150K and under range saw a 60% reduction in inventory levels, from 52 to 21 new homes.

Garner NC area new homes in the $150-199K range saw a 52% reduction in inventory levels, from 67 to 32 new homes.

 Overall New Home Listings in Southeast Raleigh NC Third Quarter

 

 In third quarter 2008, there were 248 new homes listed in Southeast Raleigh NC.

In third quarter 2009, there were only 144 new homes listed in Southeast Raleigh/Garner NC.

Builders are building fewer "speculative" homes, and more home buyers are opting for completely custom packages, in every price point (which means the homes are not listed, but completed to the buyers exact specifications). 

On the bright side, if you're looking for a new home, there are many more choices of available lots in Garner/SE Raleigh NC, so it is easier to match up your floorplan, budget, and location (browse available communities here). 

What Price Points are getting the most showings in Southeast Raleigh?

 

 

If you're looking to purchase in these price points, you'll have more competition for your new home.

$150-199K new homes in Garner NC area saw the most overall showings - and saw more than DOUBLE the average number of showings per new home in September 2009. 

$300-399K new homes in Southeast Raleigh saw the second most showings, with each new home, on average, seeing two and half times as many buyers as overall new homes in the area.  Might be a little more competition between buyers in this price point! 

 

Garner NC New Home Resources - How to Build a Custom Home in Garner:

 

Garner NC New Home Builders

Build On Your Lot in Garner, NC

Accessible Homes NC – Accessible Builders in Garner

Acreage Lots for Sale Garner, NC

Garner, NC New Home Lots and Land

 

New Homes Garner NC

Garner Inventory Down Nearly 20% From 2008

Easier to Buy A Garner Home in 2009

Why?  Because there are fewer homes to look at!  That means fewer top choices to pick between, which can make the buying process a little easier. 

Here's the April 2009 Inventory Levels, by price point.

As you can see, inventory is down significantly in every Garner NC price point but the 0-149.9 (which is level), and the Condo/Townhouse category, which has increased from 26 to 41 listings. 

This gets even more dramatic when looking at a percentage basis:

In April 2009, we see dramatic inventory decreases starting at the $150K price point and continuing across all other price points in Garner NC.  The selections are actually getting thinnest above $300K. 

Total Garner NC inventory is down by 17% in April 2009 vs April 2008.

Surprising, since first time homebuyers have been increasing in the market - would have thought the lowest price buckets would see the highest inventory declines.

But this could also be a reflection of fewer homes being built in other price points.  It's now more likely that a homebuyer will select their new home and then break ground, rather than choosing from a variety of "already completed" new homes. 

 

Raleigh NC New Home Resources - Building a Home in Raleigh

 

Raleigh NC New Home Builders

 

Build On Your Lot in Raleigh, NC

 

Accessible Homes NC – Accessible Builders in Raleigh

 

Acreage Lots for Sale Raleigh, NC

 

Golf Course Communities – New Homes on a Golf Course in Raleigh

 

Raleigh, NC New Home Lots and Land

 

Most Up-to-Date Raleigh Market Reports - How is the Housing Market in Raleigh?

 

Available Lots in the Raleigh/Triangle Area - Bring Your Own Builder

Available Land and Lots in Garner, NC

Here are some examples of land and neighborhoods with available lots in Garner, NC, just south of Raleigh.

Redevelopment of downtown Garner and an easy commute to Raleigh, along with lots of new shopping and restaraunts, have continued to make Garner, NC a popular place to live. 

Communities on the southern side of Garner often offer larger lots, at 1/2 acre or more.  Southern Garner is also convenient to Fuquay-Varina, NC.   

Here's information on just some of the communities with available lots in Garner, where you can build a custom home in the Raleigh/Triangle area.

Turner Farms in Garner NC - Large Lot Community

 

Turner Farms in Garner NC - Wooded Acreage Just Minutes from Raleigh.

Lots generally start at $55,000.  Custom homes in the neighborhood are in the $200s to low $500s.

 

 

 

 

Chadbourne in Garner NC - All Brick Homes, 2/3 Acre and Larger Lots Available

 

Chadbourne in Garner NC - Beautiful All Brick Homes Community with .5 Acres or More  

 

Lot cost generally start around $40,000.  Custom homes in the Chadbourne neighborhood are generally in the mid $300s to the mid $600s. 

 

 

 

Silver Pointe in Garner NC - New Home Community, Lots 1/2 Acre to 3/4 Acre

 

Silver Pointe in Garner NC - New Neighborhood with Great Lots Available

First phase lot sizes range from 0.46 acres to about 3/4 acres.

Custom homes are planned to be in the $300s and up.

 

 

 

Everwood in Garner NC - Established Brick Home Community

 

Everwood - Custom Homes in Garner NC - Build on Your Lot

Lots generally available starting at $50,000.

Custom homes in Everwood range from the $330s to the $450s.

 

 

 

  

Stevens Oaks - Garner NC Neighborhood - Half Acre Lots

 

Stevens Oaks - Quiet, Pretty Garner NC Neighborhood - Build on Your Lot

Available lots under one acre.  Lots are generally available starting at $36,900.

Custom homes in the Stevens Oaks neighborhood are generally under $280K.   

 

 

Brittmoore in Garner NC - Brick Homes Community

 

Brittmoore in Garner, NC - Large Wooded Lots and Brick Homes - Available Lots Near Raleigh NC

Homes are in the $300s and up.

Lot are generally available starting at $49,900. 

 

 

 

DISCLAIMER: The above data is furnished for informational purposes only. Neither Stanton Homes Inc nor its agents warranty the completeness or accuracy of this data. Prospective buyers should verify all data that is pertinent to their particular needs, or at least provide for such verification as a condition of their offer to purchase. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. In addition Stanton Homes makes no claim to ownership of either the information provided or the properties contained therein.  Data provided by the Triangle MLS as of 12/01/2011.

 

  

You may also be interested in:

Additional Garner New Homes, Lots, and Land

5 Easy Steps to Buying a Lot or Land in the Raleigh Area

Other Available Land and Lots in Communities

Subscribe to this blog!

 

Looking for Custom Homes Near Raleigh NC?

Available Building Lots in Garner, NC - Bring Your Own Builder

Turner Farms Offers Wooded and Pasture Acreage

 

We've discovered another great Raleigh new home community you might enjoy.  Looking to build a custom home in Garner? Check out these available lots in Turner Farms, courtesy of Howard Perry & Walston Realtor and Leatherman Real Estate Services.

Stanton Homes helps make it easy to find the right place to build your new home, by putting together information on great new home communities, lots and land throughout the Triangle area.  All information per MLS, and current as of posting date. 

 

Looking for a great neighborhood to build a home near Raleigh, NC?

Turner Farms in Garner, NC is a very pretty community with a variety of meadow and wooded homesites.

There are plenty of tall trees for a more private feel.

 

   

 

 

The Turner Family originally owned 1200 acres in the area, with some deeds dating back to 1810. 

In 1974, the Turner Farms community was first laid out, with a combination of tall, green trees, rolling pasture, and wooded areas.

 

 

 

 

Turner Farms has a wide variety of homes, from 1400 sq ft to over 4300 sq ft. 

Homes are offered in the $200s to the low $500s. 

Lot sizes start at almost one acre.

Click here to view Turner Farms lots for sale.

Lots in Turner Farms are generally available starting at $55,000.

  

 

 

Community water is provided, and as in most communities with lots .5 acres or larger, septics are required. 

The new phase offers a mixture of meadow and wooded lots.

Turner Farms is located off Hwy 50, just past Lake Benson.

Turner Farms offers a community pool and tennis courts.  

 

 

 

 

  

DISCLAIMER: The above data is furnished for informational purposes only. Neither Stanton Homes Inc nor its agents warranty the completeness or accuracy of this data. Prospective buyers should verify all data that is pertinent to their particular needs, or at least provide for such verification as a condition of their offer to purchase. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. In addition Stanton Homes makes no claim to ownership of either the information provided or the properties contained therein.  Data provided by the Triangle MLS as of 12/01/2011.

 

 You may also be interested in:

5 Easy Steps to Buying a Lot or Land in the Raleigh Area

Other Available Land and Lots in Communities

Subscribe to this blog!

Additional Garner New Homes, Lots, and Land

  

 

Chadbourne in Garner NC

Looking for Custom Homes Near Raleigh NC?

Available Land and Lots in Garner, NC 

We've discovered another great Raleigh new home community you might enjoy.  Looking to build a custom home in Garner? Check out these available lots in Chadbourne, courtesy of North Hills Homes, Inc., Re/Max Southland Realty II.

Stanton Homes helps make it easy to find the right place to build your new home, by putting together information on great new home communities, lots and land throughout the Triangle area.  All information per MLS, and current as of posting date.

 

 

Looking for a great neighborhood to build a home near Raleigh, NC?

Chadbourne in Garner, NC is a well-spaced community with a variety of meadow and wooded homesites.

Homes in Chadbourne range from the mid-$300s to the mid-$600s.

Home sizes in Chadbourne range from 2700 to 4600 sq ft.

 

 

New custom homes are required to have brick on all 4 sides of the exterior.

New homes must be at least 2800 sq ft.

Click here to view lots for sale in Chadbourne.

 

 

Click here for available Chadbourne lots.

Lots in Chadbourne are generally available in the $40,000 to $70,000 price range.

 

The Chadbourne community offers a playground, tennis courts, and a community swimming pool.

Chadbourne is near the intersection of Hwy 42 and Hwy 50 in Garner, NC.  

As in most communities with larger lots in the Raleigh area, septics are required.  County water is available.

Outbuildings are allowed, if exterior matches that of the main structure.

 Builder and plan will need to be approved by the developer before construction starts - homebuyers are allowed to bring their own builder. 

 For map location, use 134 Devonshire Drive, Garner, NC. 

 

 

 

 

 

 

DISCLAIMER: The above data is furnished for informational purposes only. Neither Stanton Homes Inc nor its agents warranty the completeness or accuracy of this data. Prospective buyers should verify all data that is pertinent to their particular needs, or at least provide for such verification as a condition of their offer to purchase. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. In addition Stanton Homes makes no claim to ownership of either the information provided or the properties contained therein.  Data provided by the Triangle MLS as of 12/01/2011.

 

You may also be interested in:

Additional Garner New Homes, Lots, and Land

How to Find a Lot - Top 12 Questions to Ask

Other Available Land and Lots in Communities

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Virtual Tours - See This Week's Most Exceptional Homes

Looking for Custom Homes Near Raleigh NC?

Available Land and Lots in Garner, NC - Bring Your Own Builder

 

We've discovered another great Raleigh new home community you might enjoy.  Looking to build a custom home in Garner? Check out the Silver Pointe new home community.

Stanton Homes helps make it easy to find the right place to build your new home, by putting together information on great new home communities, lots and land throughout the Triangle area.  All information per MLS, and current as of posting date. 

 

 

Looking for a great neighborhood to build a home near Raleigh, NC?

Silver Pointe in Garner, NC is a new home community with 17 lots in the first phase.

All first phase lots are at least .46 acres, with some as larger than 3/4 acre. 

Silver Pointe is located about 1.5 miles south of Ten-Ten Rd, and about 1.5 miles north of Highway 42, just south of Garner, NC.

 

Lot prices in Silver Pointe start at $50,000, with most lots generally available at $65-68K. There are currently no lots for sale in Silver Pointe.

Click here for up-to-date lot listings in Silver Pointe.

The Silver Pointe neighborhood is planned for homes in the low $300s to low $400s.

 

 

Most lots are fairly flat, with very usable space for yards - foundation costs should be favorable.

There are plenty of woods in the Silver Pointe community.

Community water is provided, so water costs are low.

 

 

 

 

 

 

 

 

DISCLAIMER: The above data is furnished for informational purposes only. Neither Stanton Homes Inc nor its agents warranty the completeness or accuracy of this data. Prospective buyers should verify all data that is pertinent to their particular needs, or at least provide for such verification as a condition of their offer to purchase. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. In addition Stanton Homes makes no claim to ownership of either the information provided or the properties contained therein.  Data provided by the Triangle MLS as of 12/01/2011.

 

You may also be interested in:

Additional Garner New Homes, Lots, and Land

5 Easy Steps to Buying a Lot or Land in the Raleigh Area

Other Available Land and Lots in Communities

Subscribe to this blog!

 

Available Land and Lots in Garner, NC - Bring Your Own Builder

Everwood - Brick Home Neighborhood with City Sewer and Water 

 

We've discovered another great Raleigh new home community you might enjoy.  Looking to build a custom home in Garner? Check out these available lots in Everwood, courtesy of Premier Properties of the Triangle and Hometown Realty Group.

Stanton Homes helps make it easy to find the right place to build your new home, by putting together information on great new home communities, lots and land throughout the Triangle area.  All information per MLS, and current as of posting date. 

 

  

Looking for a great neighborhood to build a home near Raleigh, NC?

Want a mostly established neighborhood with some architectural distinction?

Lots are currently available in Everwood, just 10 miles from downtown Raleigh and around the corner from Lake Benson. 

  

 

 

Average sales price in Everwood is $360K. Average size of home is about 3000 sq ft.

Lots in Everwood are generally available at $50,000 to $55,000.

Minimum square foot is 2100, and two-car garages are required.

Restrictive covenants are in place.

View available Everwood lots for sale.

 

Exteriors in Everwood are Hardiboard (fiber cement), many with brick or stone accents, brick front homes with hardiboard, or all-brick homes. 

 

 

 

 

 

DISCLAIMER: The above data is furnished for informational purposes only. Neither Stanton Homes Inc nor its agents warranty the completeness or accuracy of this data. Prospective buyers should verify all data that is pertinent to their particular needs, or at least provide for such verification as a condition of their offer to purchase. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. In addition Stanton Homes makes no claim to ownership of either the information provided or the properties contained therein.  Data provided by the Triangle MLS as of 12/01/2011.

 

Looking for Custom Homes Near Raleigh NC?

Available Land and Lots in Garner, NC - Bring Your Own Builder

Stevens Oaks - Half Acre or Larger Lots Available 

We've discovered another great Raleigh new home community you might enjoy.  Looking to build a custom home in Garner? Check out these available lots in Stevens Oaks, courtesy of Hometown Realty Group.

Stanton Homes helps make it easy to find the right place to build your new home, by putting together information on great new home communities, lots and land throughout the Triangle area.  All information per MLS, and current as of posting date.  

 

Looking for a great neighborhood to build a home near Raleigh, NC?

Want a larger lot and open feel?

Lots are currently available in Stevens Oaks, conveniently located on Highway 50 in Garner, NC.

Lots in Stevens Oaks are generally available starting at $36,900.

 

 

 

 

 

 

 

 

 

 

 

 

The Stevens Oaks neighborhood was built in two phases.  Most homes in Phase One were completed in 2001.  

 

Stevens Oaks offers a mixture of one and two story homes. 

Most homesites in Stevens Oaks are roughly .5 acres.

As in most communities on larger lots, septic systems are required.  Community water is available. 

Stevens Oaks has a nice mixture of woods and open meadows. Home plan is subject to approval by developer.

  

Stevens Oaks is less than 3 miles from Interstate 40, for an easy commute to Raleigh, and is just 13 miles from downtown Raleigh. 

How Much Does it Cost to Build a Home in Stevens Oaks?

For a free building cost estimate, contact Stanton Homes, or call us at 919-278-8070. 

Just browse our Library of Favorite Floor Plans, or send us a plan from one of your favorite online guides like Houseplans.com, and we'll go over a complete estimate with you.    

 

 

 

 

 

 

DISCLAIMER: The above data is furnished for informational purposes only. Neither Stanton Homes Inc nor its agents warranty the completeness or accuracy of this data. Prospective buyers should verify all data that is pertinent to their particular needs, or at least provide for such verification as a condition of their offer to purchase. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. In addition Stanton Homes makes no claim to ownership of either the information provided or the properties contained therein.  Data provided by the Triangle MLS as of 12/01/2011.

 

 You may also be interested in:

Additional Garner New Homes, Lots, and Land

5 Easy Steps to Buying a Lot or Land in the Raleigh Area

Other Available Land and Lots in Communities

Subscribe to this blog!

 

Available Lots in the Raleigh Area - Bring Your Own Builder

Brittmoore in Garner, NC

Another great Raleigh area community has come to our attention!  Looking to build a custom home in Garner? Check out this available lot in Brittmoore, courtesy of Re/Max Southland Realty II and Fonville Morisey/Vandora Sales Office.

Stanton Homes helps make it easy to find the right place to build your new home, by putting together information on great new home communities, lots and land throughout the Triangle area.  All information per MLS, and current as of posting date. 

 

Brittmoore is a beautiful community in Garner, NC.

Brittmoore is just 10 miles from downtown Raleigh, right off of Hwy 50 in an area with a rural feel, but just minutes from shopping and more. 

If you're interested in building a custom home, there are many options, from "city" subdivisions to acreage in a country setting. 

Brittmoore is a small, quiet neighborhood with only 25 lots.  All are nicely spaced, hardiboard and brick homes. 

 

View available lots in Brittmoore

Lots in Brittmoore are generally available starting at $49,900.

 

 

 

 

 

 

 

 

Garner has a population of over 25,000 and is just south of Raleigh.

To get to Brittmoore from Raleigh, take Hwy 50 south.  Turn right on Rand Rd, just past Lake Benson.  Turn right at Brittmoore, about a half mile down.

Interested in property tax rates?  Click here to read about 2011 Garner, NC property tax rates.  

 

 

 

 

 

 

There are many different wonderful lots and new home neighborhoods available for your new Garner custom home.  If you're considering a new custom home in the Garner NC area, you may also be interested in:

Additional Garner New Homes, Lots, and Land

Easy Guide to Buying a Lot - Raleigh Area

How to Build a Custom Home in Four Easy Steps

Read One Family's Experience Building a Custom Home

 

DISCLAIMER: The above data is furnished for informational purposes only. Neither Stanton Homes Inc nor its agents warranty the completeness or accuracy of this data. Prospective buyers should verify all data that is pertinent to their particular needs, or at least provide for such verification as a condition of their offer to purchase. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. In addition Stanton Homes makes no claim to ownership of either the information provided or the properties contained therein.  Data provided by the Triangle MLS as of 12/01/2011.