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Old 02-23-2007, 06:02 AM
 
237 posts, read 981,881 times
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Why is it you can find a 3000 sf house for $300K and also well into $400K in the Holly Springs/Apex area? Is there something about the construction? What accounts for the big price difference for what seems like comparable houses? Should buyer beware?
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Old 02-23-2007, 06:07 AM
 
Location: Raleigh, NC
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Home prices are based upon desireability and supply & demand.

North Raleigh and Cary seem to have the highest price per sq. ft. based on nearby shopping, better school scores, proximity to RTP, etc.

So, as you leave North Raleigh and head out towards Wake Forest, prices drop just a bit.

Same with leaving Cary, heading to Apex, Holly Springs and Fuquay.

Hope this helps, Vicki
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Old 02-23-2007, 06:19 AM
 
Location: Wake Forest
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Quote:
Originally Posted by headinsouth View Post
Why is it you can find a 3000 sf house for $300K and also well into $400K in the Holly Springs/Apex area? Is there something about the construction? What accounts for the big price difference for what seems like comparable houses? Should buyer beware?
Location, Location and then again, Location.
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Old 02-23-2007, 06:22 AM
 
Location: Raleigh
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location is right, and also the builder. Some might be custom builders.
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Old 02-23-2007, 06:23 AM
 
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Originally Posted by DebbieF View Post
location is right, and also the builder. Some might be custom builders.
We are looking at HOlly Springs. Seems as though there is a big price range right in Holly Springs so I am guessing the "location" factor is not it??

What builders are considered "custom"?
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Old 02-23-2007, 06:35 AM
 
Location: Wake Forest
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Quote:
Originally Posted by headinsouth View Post
We are looking at HOlly Springs. Seems as though there is a big price range right in Holly Springs so I am guessing the "location" factor is not it??

What builders are considered "custom"?
Sure location can be a big factor....even in the same town. I guess I am not quite understanding your question.
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Old 02-23-2007, 06:43 AM
 
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Quote:
Originally Posted by headinsouth View Post
We are looking at HOlly Springs. Seems as though there is a big price range right in Holly Springs so I am guessing the "location" factor is not it??

What builders are considered "custom"?
As important as "location" and "custom" - the difference is probably because of lot size and lot placement. Cul-de-sacs will likely have a higher price per sqtf than a house right beside a highway.
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Old 02-23-2007, 06:44 AM
 
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I think I understand your question. The quality of the homes being built and their customization is often the differing factor. Some homes that might be advertised as $300 have very little in the way of upgrade (e.g., hardwood floors, upgraded cabinets (dovetailed drawers), granite counter tops, high end appliances, brick or stone finishing on the facade, computer network wiring, screened porches or finished patios, etc. Communities amenities might also be different. Check out the neighborhoods and the differences should be apparent to you. If not, buy the one's that cheaper!
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Old 02-23-2007, 12:25 PM
 
Location: Atlanta, GA
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There's a big price difference because Holly Springs is in the country.
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Old 02-23-2007, 01:35 PM
 
Location: WPB, FL. Dreaming of Oil city, PA
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If I had to guess, its the quality of the house, the better neighboorhood, better school district, walking distance to shopping and other perks. Rich people that have way too much money dont care, they want the best
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