Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Market Conditions in Morrisville : Real Estate Advice

  • All45
  • Local Info5
  • Home Buying23
  • Home Selling0
  • Market Conditions4

Activity 4
Tue Jan 4, 2011
Glen Stanley Jr. answered:
It all depends on what part of the county you are talking about. Iredell County is a very diverse county. As a whole the price slide has slowed or stopped for the most part. GLEN
0 votes 1 answer Share Flag
Tue Mar 9, 2010
Scott Godzyk answered:
There is not set percentage for making a offer. You really need to garner what that property is worth in todays market to base your price. You can go back 6 mo then a year and if you have to 18 months. If still none you have use other comps and add or deduct for age, condition, lot size, house size etc. After that to make an offer more appealing it should not contain any contingincies, people or banks are more open to lower offers that are quick and clean. Next check to see if there is any other interest, with no other interest you can offer a little lower, with other interest you need to guage how much you want the property. good luck with your offer ... more
0 votes 1 answer Share Flag
Sun Mar 13, 2011
Mike Jaquish answered:
Kitts Creek will do OK over time.
They just have a lot of competition. And it is the end of hte year, so like many marketers, inventory blowout is a current theme.

The location is good, just inside Wake County, near RTP, Durham, RDU(but not in the flight paths.)
540 is a mixed blessing, offering great access but too close on the south side of the community.

Some buyers love the fanciful exteriors of the homes. Some do not.

Overall, I think Kitts Creek will work over the long haul.
... more
0 votes 2 answers Share Flag
Mon Aug 31, 2009
Mike Jaquish answered:
The average for all properties across Raleigh, Cary, Morrisville, Wake Forest, Knightdale, Garner for all homes closed in the last 30 days is about 100 Days on Market with the current agent, and 120+ Days on Market Cumulative among all agents for the property.

Larger homes are faring a little less well.
The average Sold time in the last 30 days for 5 BR/3+BA homes is 133 Days on Market with current agent, and 201 Days on Market including prior listing agents.

In Morrisville and Cary, including only Areas 5 and 10, in the last 30 days the average 5BR/3+BA home sold in 98 days, with 178 Cumulative Days on Market.

Hope that helps,
... more
0 votes 9 answers Share Flag
Search Advice