Lochmere Home Sales Update - October 2013

Lochmere Home Sales Update - October 2013

Lochmere Property Values on the Rise

There has been a steady sale of home in Lochmere in 2013. The chart below details the home sold in Lochmere to date. The $300,000 price range saw the most sales for two reasons. One, the majority of home in Lochmere fall in the category and two because this is a very hot price point for buyers across the board. The $400,000 price point saw quite a bit of turnover this year. This is a more challenging price point in our market, but it just goes to show Lochmere is a desirable neighborhood.

The overall Triangle real estate market saw a major improvement in 2013. In Wake County, compared to October of last year, New Listings were up, Closed Sales up, Average Sales Price up, and Year to Date # of Homes Sold were also up. Average Days on Market dropped substantially this year signaling a strengthening housing market. Lochmere was on track with this trend. Some of the higher priced listings in Lochmere moved in October however, price adjustments still need to be made by some sellers to meet the market.

If you would like more detailed information about how this and other market data affects you as a homeowner in Lochmere or as a buyer seeking your dream home in Lochmere, CONTACT US today for a consultation.

“Only the Sun covers Lochmere better than the Don Johnson Real Estate Team”

Lochmere Property Values - Curious About Yours?

Lochmere Property Values - Curious About Yours?

Lochmere has always been one of Cary's most desirable neighborhoods. Residents who live here certainly understand why. With its convenient location to US1, downtown Raleigh and RTP along with a nearby Hospital and Medical Centers, Lochmere has been a favorite for those seeking a nice lifestyle in a well, manicured neighborhood with excellent amenities.

Most people who live in Lochmere are sad to leave. Job transfers, retirement and family relocation needs are the top reasons for leaving. If you are considering a move and would like to know the value of your Lochmere home, take a look at this useful tool. Our Market Snapshot tool utilizes real time MLS data, unlike Zillow and other sites that can be inaccurate due to their aggregating of various data. 

Using the Market Snapshot tool you can view historical data of home sales in Lochmere. You can also view days on the market and other stats to help you get a good feel of your home in comparison.

If you would like a more detailed analysis, please give the Don Johnson Real Estate Team a call. Don has sold many homes in Lochmere and lives in Lochmere too. There is no better resource for Lochmere Home Values.