Friday, October 29, 2010

Luxury Homes Market Report for Wake Forest NC - October 2010

Luxury Homes in Wake Forest NC make up 4% of the entire inventory of homes for sale.  For the purpose of this report a Luxury Home is defined as having a list price of $800,000.00 and above.

Within the entire Wake Forest Real Estate Market this luxury tier has the highest absorption rate which is currently at 29.  For an explanation of the Absorption Rate and how it affects you as either a buyer or a seller please read What Is An Absorption Rate and How Does It Affect YOU? at Discover Wake Forest NC

The Luxury Market saw two closings for the month of October, 2010.

Sale #1:
List Price:  $1,399,900.00
Sale Price: $1,300,000.00
Sale Date:  October 14, 2010
Days on Market:  501
Financial Concessions:  $0.00
Fair Market Value Sale
Subdivision:  Wakefield

Sale #2:
List Price:  $899,000.00
Sale Price: $806,500.00
Sale Date:  October 26, 2010
Days on Market:  478
Financial Concessions:  0.00
Fair Market Value Sale
Subdivision:  Hasentree

** Both homes were brand new construction

Currently, there are 49 luxury homes for sale in Wake Forest NC that range from $800,000.00 to $5,850,000.00.  Each luxury home available offers a unique living opportunity with unrivaled amenities and superb locations.  Many of the homes available are located in Hasentree, Wakefield Estates, River Hill and the Back Nine Estates.

If you are interested in the latest Market Report for Wake Forest NC in its entirety you can view it here.  

For more information regarding the Luxury Real Estate Market in Wake Forest NC please feel free to give me a call or simply send me an email - I would be happy to answer any questions you have!  For more information regarding Wake Forest NC please visit:

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