Raleigh Relocation Package - Market Reports
Wake County Appreciation Continues to be Positive
Raleigh, Cary, Apex Hold Highest Home Values
With so much news on negative home values, homeowners and home buyers start to wonder if there are any areas where a home remains a strong investment.
Appreciation rates for the Wake County area continue to be positive, even in most recent First Quarter 2009 reports. When comparing to national appreciation rates, these positive numbers do more than just stand out - they verify why the Raleigh area has been a top destination over recent years. Here's the most recent appreciation rate results:
Wake County - A Positively Great Place to Own a Home
Every city and town inside Wake County has a positive appreciation rate, factoring all sales in 1Q 2009. These appreciation rates are factored by taking the most recent price of the home versus the previous sales price.
And the Best Places to Buy (or Sell) a Home:
Raleigh NC - Highest Wake County appreciation, average of 5.12%.
Cary NC - 4.45% Appreciation Rate
Apex NC - 4.23% Appreciation Rate
Wake County (outside city limits) NC - 3.96% Appreciation Rate
Garner NC - 3.87% Appreciation Rate
Fuquay Varina, Holly Springs, Knightdale, Morrisville, and Wake Forest also offer positive appreciation rates!
Of course appreciation does differ based on the neighborhood, nearby homes, and other factors, so you'll want an agent to look at comparable sales before deciding what to list your current home for sale at, or before deciding what kind of offer will get accepted on a home you're looking to purchase.
Overall appreciation rates are great indicators, but a good neighborhood in Wake Forest could certainly have higher appreciation than a less desirable neighborhood in the city of Raleigh - so make sure to do your research!
Other 1Q 2009 Raleigh/Durham/Chapel Hill Market Reports:
Wake County Inventory Levels April 2009
Luxury Home Inventory - First Quarter 2009
You may also be interested in:
Triangle Area Market Reports - How's The Real Estate Market in Raleigh?
Shopping in the Raleigh Area - What Kind of Shopping Is There?
Raleigh Relocation Package - All About the Raleigh Area!
Which Part of the Triangle is Cheapest to Live? Property Tax Guide
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