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Raleigh, Durham, Chapel Hill, Cary The Triangle Area
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Old 02-15-2009, 06:39 AM
 
Location: Middle Creek Township
2,036 posts, read 4,397,768 times
Reputation: 532

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I have noticed a sales surge all of a sudden in my development in Cary. They are going under contract at an incredible pace, as compared to the last several months. Has anyone else noticed this in any other development or is this an isolated case to one development? I am wondering if the low interest rates and the Spring interest are combining for good sales around the Triangle?
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Old 02-15-2009, 06:52 AM
 
5,500 posts, read 10,523,507 times
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Statistics don't back up your claims.
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Old 02-15-2009, 06:58 AM
 
36 posts, read 129,044 times
Reputation: 28
Good to hear. Have noticed a surge in traffic and a couple contracts in our Holly Springs neighborhood. Most of the buyers seem to be relocations from out of state.
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Old 02-15-2009, 07:36 AM
 
1,112 posts, read 2,865,418 times
Reputation: 900
Quote:
Originally Posted by Charlton Dude View Post
I have noticed a sales surge all of a sudden in my development in Cary. They are going under contract at an incredible pace, as compared to the last several months. Has anyone else noticed this in any other development or is this an isolated case to one development? I am wondering if the low interest rates and the Spring interest are combining for good sales around the Triangle?
most probably readers of your posts looking for the same level of happiness that you enjoy in your heaven in Cary
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Old 02-15-2009, 07:45 AM
 
Location: Durham, NC
1,364 posts, read 6,023,789 times
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Your post indicated that you've noticed an uptick in sales in your development.
While I am sure that is the case, how in the world does this mean that sales are surging "in the triangle"?
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Old 02-15-2009, 08:08 AM
 
Location: Poway, CA
2,698 posts, read 12,176,636 times
Reputation: 2251
nothing in my neighborhood. the same houses are still for sale that have been for sale since i bought last summer.

Mike
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Old 02-15-2009, 08:16 AM
 
Location: Middle Creek Township
2,036 posts, read 4,397,768 times
Reputation: 532
Quote:
Originally Posted by Gatornation View Post
Statistics don't back up your claims.
I am not making any claims. I am asking a question, based off of something I noticed on my development.

Quote:
Originally Posted by sneezecake View Post
Your post indicated that you've noticed an uptick in sales in your development.
While I am sure that is the case, how in the world does this mean that sales are surging "in the triangle"?
Ummmm....last I checked my development is "in the Triangle".
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Old 02-15-2009, 08:19 AM
 
Location: South Beach and DT Raleigh
13,966 posts, read 24,174,498 times
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Quote:
Originally Posted by Gatornation View Post
Statistics don't back up your claims.
It could be that there are a lot of homes going under contract right now but they won't show in statistics until they are closed.
I have a friend in Quail Hollow who has told me that the few homes in his neighbhorhood have all recently sold.
Even in Miami, where the market is MUCH worse than the Triangle, better properties in great locations are starting to move.
Time will tell.
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Old 02-15-2009, 08:26 AM
 
Location: Middle Creek Township
2,036 posts, read 4,397,768 times
Reputation: 532
Quote:
Originally Posted by rnc2mbfl View Post
It could be that there are a lot of homes going under contract right now but they won't show in statistics until they are closed.
I have a friend in Quail Hollow who has told me that the few homes in his neighbhorhood have all recently sold.
Even in Miami, where the market is MUCH worse than the Triangle, better properties in great locations are starting to move.
Time will tell.

This is a good point. The homes in my development that have "sold" have not closed yet, as construction is almost done in one section and just starting in another. But many have gone under contract and are just waiting for completion. There is definitely a difference in traffic flow, offers and contracts in my neighborhood.
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Old 02-15-2009, 08:28 AM
 
3,650 posts, read 9,214,576 times
Reputation: 2787
Quote:
Originally Posted by Charlton Dude View Post
I am not making any claims. I am asking a question, based off of something I noticed on my development.
Then you should've posed it as a question, not an exclamation, or said "sales surging in my development!"

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