Market Report - Raleigh Area Market Reports
Wake Forest New Home Inventory Dropped Over 40%
Fewer New Home Choices in November 2009
Looking for a new home in Wake Forest NC? Thinking the choices have gotten a little thinner? You're right....
New Home inventory in Wake Forest NC was down 41% in November 2009 versus November 2008.
New Home Listings by Price Point in Wake Forest NC
There were fewer new home listings in Wake Forest NC in every price point.
Only seven single family homes were listed in Wake Forest NC under $200K.
The $800-999K price range had the most significant percentage reduction of Wake Forest NC new home choices, down by 71% (from 17 to 5 homes).
Wake Forest NC new homes in the $200-299K range saw a 31% reduction in inventory levels, from 74 to 51 new homes.
Wake Forest new home listings in the $300-399K price range saw a 24% reduction, from 103 homes to 78 homes.
New Homes in Wake Forest in the $400-499K price range saw a 60% reduction, from 80 homes last year to only 32 homes this year.
Overall New Home Listings in Wake Forest NC November 2009
In November 2008, there were 515 new homes listed in Wake Forest NC.
In November 2009, there were only 303 new homes listed in Wake Forest NC.
Wake Forest new home inventory is down 41% to the same time last year.
Wake Forest new home selections are continuing downward - new home inventory is down another 7% compared to September 2009, two months ago.
Builders are building fewer 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).
What Price Points are getting the most showings in Wake Forest?
If you're looking to purchase in these price points, you'll have more competition for your new home.
$300-399K new homes in Wake Forest were the most popular.
$400-499K new homes saw the most showings per home.
Wake Forest townhomes were the least popular, with the fewest showings per home.
Wake Forest New Home Building Resources:
Wake Forest Lots and Land
Wake Forest NC New Homes
Build On Your Lot in Wake Forest NC
Accessible Home Builders in Wake Forest, NC
Golf Course Community Homes
Finding Your New Home in the Raleigh Area
Stanton Homes makes it easy! We'll guide you through the entire process - select from thousands of different floor plans, and hundreds of different locations, with a focus on new custom homes in the upper $100s to the $500s. Custom design build options available too!
Call 919-278-8070 or visit www.StantonHomes.com to find out more about new homes in the Raleigh area today.
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Articles copyright Stanton Homes 2006-2011. Unauthorized use is not permitted. Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements. Please note: all listing information per MLS, and current as of posting date. Information subject to change. Stanton Homes does not make claims to ownership of any lot listings, but can work with homebuyers to purchase available lots and build. Home plans to be approved on an individual basis, subject to neighborhood restrictive covenants and lot restrictions. Ask for further information regarding any community, lot or floor plan. Photos represent typical homes and details of each neighborhood, to help highlight different options available in the Raleigh/Triangle area. No claim of ownership is made to homes or land pictured.
