Real Estate Information Archive

Blog

Displaying blog entries 1-2 of 2

TREIA Presentation Invite & Info

by Cynthia LaChapelle

 

You're invited to a presentation!

Cynthia LaChapelle, has been a real estate broker since 1986, a TREIA (Triangle Real Estate Investors Association) board member for 12 years and past President. She is a also an investor, rehabber and landlord. After working with Century 21, Remax and Fonville Morisey, she opened her own brokerage in 2005. 

This landlord presentation will be an owner’s perspective of the following issues:

  • Criteria for acquiring buy and hold property in the Triangle area
  • Tips and tricks for choosing and managing tenants
  • Protecting yourself
  • Avoiding legal trouble

Cynthia also will share some of her forms that she uses as a landlord.

 

When: Thursday Oct. 27  11:30-1:30

Where: Prestownwood Country Club - 300 Prestonwood Parkway, Cary NC

Please register by noon Tues Oct. 25 for rate of : Cost $15 TREIA members, $30 guests

https://www.treia.com/Events.aspx?ID=Women-in-Real-Estate-WIRE-15-10-26-2017

Market Update

by Cynthia LaChapelle

This is an amazing time to get a property on the market. The Triangle area supply of homes for sale is down to historic lows, while prices have been rising. The amount of time required to sell is also down. Here are some facts about the year-to-date statistics:

  • New Listings in the Triangle region increased 2.2% to 4,204.
  • Pending Sales were down 43.2% to 1,752.
  • Inventory levels fell 16.2% to 12,545 units.
  • Prices continued to gain traction. The Median Sales Price increased 10.0% to $231,000.
  • Days on Market was down 11.5% to 54 days.
  • Sellers were encouraged as Months Supply of Inventory was down 22.4% to 4.6 months.

The general division between a Seller’s Market and  Buyer’s Market is at the point of having a six-month supply of inventory. More inventory indicates a Buyer’s Market, less inventory indicates a Seller’s Market. 

Interested in selling?  What will it take to get your home on the market?  We can answer that.  Maybe you're worried about missing out on your dream home in a hot market.  Use our custom search tool so you never miss a listing!

Displaying blog entries 1-2 of 2