Week‑In‑Review: Open Houses & Buyer Success

A Busy Week in Real Estate

This week was eventful for our team and our clients.  We are hosting a series of open houses across Raleigh and had the privilege of assisting a buyer in securing a beautiful home in Sanford North Carolina that checks all of their boxes.  Below you’ll find highlights from each event, a recap of the property that went under contract, and some insights into the current real‑estate market.

Open House Highlights

2651 Mellowfield Drive, Unit 101 (Thursday & Saturday) 

On Thursday (11:45 AM – 1:45 PM) and again on Saturday (12:00 PM – 2:00 PM) we welcomed visitors to 2651 Mellowfield Drive, Unit 101.  This corner‑unit condominium sits inside Raleigh’s beltline and features three bedrooms and two full bathrooms within approximately 1,340 sq ft .  Visitors loved the new lvp, nine‑foot ceilings, wood burning fireplace and large kitchen. Updated HVAC (Trane iykyk).  The secure building offers elevator access and a garage, and the unit’s huge porch overlooks mature trees . Walking distance to the Greenway, Costco, Wegman's, Trader Joes,  just minutes from downtown, North Hills, major highways, this condo delivers convenience and comfort.

1316 South State Street, Unit D (Friday)

Friday’s open house (11:45 AM – 1:45 PM) was hosted at 1316 South State Street, Unit D—an updated condo near the Raleigh Greenway.  This property offers two bedrooms and one bath in a compact yet efficient 756 sq ft layout .  The entire unit has been renovated with the kitchen having quartz countertops and a center island, and a private deck extends the living space outdoors .  The HVAC system was replaced in 2023 and the sale includes the refrigerator, washer and dryer .  Attendees appreciated the easy access to nearby parks, the YMCA and downtown attractions like Transfer Co. Food Hall .

Buyer Success Story: 2575 Sheriff Watson Road

The highlight of our week was guiding a buyer to a successful contract on 2575 Sheriff Watson Road in Sanford.  This craftsman‑style home, built in 2023, spans 2,871 sq ft and sits on a one‑acre lot .  It boasts four bedrooms and four bathrooms , an open kitchen with a large island and granite counters, stainless‑steel appliances, and built‑in storage benches .  A formal dining room with barn doors currently serves as a playroom, while a flex room can function as an office .  Upstairs you’ll find a huge bonus space and abundant storage.  Outside, the fenced play yard and three‑car garage add to the home’s appeal .  We’re thrilled for our clients and grateful for the opportunity to help them secure such a wonderful property. 

Market Insights

Our buyer’s quick success is no coincidence—the Triangle real‑estate market remains a seller’s market.  According to regional market data, inventory levels are historically low , with single‑family homes averaging about 2.6 months of supply and townhouses/condos at 1.9 months .  Economists consider five months of inventory a balanced market, so today’s conditions heavily favor sellers.  Even as mortgage rates hover around 7 percent, buyers continue to compete for quality homes.

This shortage means that well‑priced and well‑presented homes sell quickly.  For example, the Mellowfield condominium drew strong interest because of its upgrades and location .  Similarly, the South State property attracted visitors thanks to its modern kitchen and convenient access to parks and downtown amenities .  Our buyer’s experience at 2575 Sheriff Watson Road shows that desirable properties can go under contract in a matter of days .

Looking Ahead

As we move further into November, we expect the market to remain active but inventory to stay tight.  National data echo this sentiment; U.S. housing inventory remains historically low, and a shortage of existing homes for sale is pushing more buyers to new construction .  Price growth is moderate, but the Triangle continues to see year‑over‑year price increasesand competition for desirable neighborhoods.

If you’re a homeowner considering selling, there’s never been a better time to list.  Low supply means less competition and a greater likelihood of multiple offers.  We offer complimentary home valuations and tailor‑made marketing plans to maximize your sale.

If you’re a buyer, attending open houses like the ones above is a great way to familiarize yourself with different neighborhoods and home styles.  Be prepared to act quickly when you find the right property—pre‑approval and a knowledgeable agent are key advantages in a seller’s market.

Thank You

Thank you to everyone planning on attending our open houses this week and congratulations to our buyers!  We’re committed to providing exceptional service to clients throughout Fuquay‑Varina, Raleigh and the entire Triangle.  Whether you’re buying, selling or just curious about the market, we’re here to help.  Feel free to reach out with any questions or to schedule a consultation.

Schedule a consultaion using the scheduler below, for a quick real estate check up!

https://scheduler.zoom.us/livinginfuquayvarina