Real Estate: Rolesville Real Estate Market Continues Upward Trend in Rolesville

August 2015

By Brian Pate
Keller Williams Realty

Brian PateYou have probably been hearing all of the stories about how great the real estate market is. Well, they’re true!

If you sold your home in the last three months, you have likely sold it quicker and for more money than any time in recent history.

The second quarter of 2015 was robust in Rolesville, with a total of 69 homes selling between April 1 and June 30. That is a significant increase over the 40 that were sold in the first three months of the year.

The best news is that the average sale price of homes is holding steady above $313,000 and that will increase as some of the new communities begin to see more inventory available.

With the new 401 Bypass, Rolesville will become a bigger player in the real estate market. Location has always been a great benefit to the area, and now the travel time to other areas of the Triangle will be 5 to 10 minutes shorter. That typically draws more people if housing is available.

In the coming month, we expect to see Cedar Lakes, a Lennar community, add a few new construction properties to the market, as well as Eastwood Homes and KB Homes which are both building in existing communities.

The Village at Rolesville continues to have significant activity, although some homes are being priced too high and are therefore sitting on the market for a longer period of time. Granite Ridge and Olde Towne are also seeing good activity in those communities, and we expect that continue.

How a home is priced is more important than ever. If your home is in good condition and competitively priced, it will likely sell within 45 days if it is under $300,000. There is very little on the market in Wake County and, although competition is fierce, buyers are not ready to just throw extra cash at a house when multiple offers arise.

If you are looking to sell your current home and move to a bigger one, it is still a great time to do so. First-time buyers are making up about 40 percent of the market as Millennials begin to flex their muscles in today’s economy.

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Brian Pate has been a well-respected real estate professional for over 22 years. During his time in the business, he has served as an agent, manager, coach, instructor and training manager. Brian leads a team as a mega agent at Keller Williams Realty in Wake Forest.