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The serene beauty of North Carolina has always drawn people in, but when one narrows down the options to settle, Cary frequently tops the list. If you’ve been on a house hunt recently, especially on popular platforms like Zillow or Realtor.com, you might have noticed the escalating prices in Cary, NC. But what gives? Why is Cary seemingly on every homebuyer’s radar? Before we dive in, let us tell you that we moved here in 2011- straight from Los Angeles, and we have not regretted the move at all. Cary is our home and we love it here! Our 2 children have plenty of sports to attend, have arts and music, and we have amazing restaurants and activities( as adults) that we can enjoy on a date.
Discovering Cary, NC: The Crown Jewel of North Carolina
Historically, relocation favorites have been cities in Texas, Florida, and California. Cary, however, has emerged as a dark horse, surprising many with its magnetic appeal. As someone who’s made the cross-country journey from the glitz of Los Angeles to the scenic charm of North Carolina, I can vouch for Cary’s inimitable charm. While places like West Hollywood and Valencia have their unique allure, Cary offers a refreshing change of pace without compromising on modern amenities. Nestled in the heart of North Carolina, Cary stands out as a testament to the state’s blend of natural beauty and modern advancement.Spotlight: The Top Ten Neighborhoods in Cary
Discover Cary, NC’s top neighborhoods: a blend of Preston’s grandeur, Amberly’s modern charm, and unmatched scenic beauty. Cary’s finest awaits.
- Preston: Known for luxury and impeccable architecture, Preston stands out as a premier choice for those seeking sophistication and style.
- Amberly: This neighborhood is a perfect blend of contemporary design and natural beauty, offering a tranquil yet modern living experience.
- Highcroft, Cary Park, and Lochmere: Ideal for families, these neighborhoods boast safety, urban comforts, and scenic surroundings, making them a top pick for family-oriented individuals.
- Other noteworthy neighborhoods in Cary include:
- Carpenter Village
- Green Level Crossing
- West Cary
- MacGregor Downs
- Park Village
- Amberly Real Estate
- Lochmere Real Estate
- West Raleigh Real Estate
- Carolina Preserve at Amberly Real Estate
- Research Triangle Park Real Estate
- West Cary Real Estate
- Preston Real Estate
- Twelve Oaks Real Estate
- MacGregor Downs Real Estate
- Northwest Raleigh Real Estate
Top Luxury Neighborhoods in Cary, NC
Cary, NC, is currently undergoing a significant metamorphosis, enhancing its appeal as a hub for luxury living.
1. Montvale: As one of the emerging neighborhoods, Montvale offers residents the chance to indulge in luxury while still being reasonably priced.
2. Chandler’s Cove: Another new addition to Cary’s luxury residential scene, Chandler’s Cove promises upscale living without the exorbitant price tag.
This transformation hints at Cary’s evolving landscape, blending the charm of its history with the allure of modern luxury.
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Downtown Cary Transformation: The heart of Cary is experiencing a rapid change. Old residences are being torn down, making way for magnificent, expansive luxury homes.
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Older Neighborhoods Revamp: Not just restricted to the downtown area, various older neighborhoods throughout Cary are also seeing older homes being replaced with new, luxurious ones.
Education: Cary’s Academic Excellence
Cary, NC boasts top-tier schools such as Green Hope High School and Cary Academy ( private school) renowned for academic excellence and innovation. If you would like to go with a magnet school, or maybe a charter one, you have many options. We love Farmington Woods Elementary, as it is an IB school, and our children had the opportunity to learn Chinese and Spanish at that school. in Cary, you will surely experience a community where education and engagement shine.
One cannot overlook the importance of quality education when choosing a place to settle, especially for families. Cary, NC excels in this regard:
- Green Hope High School: Apart from strong academics, the school offers diverse extracurriculars.
- Cary High School: A legacy of excellence, it’s been the cornerstone of education in Cary, NC.
- Panther Creek High School: Modern infrastructure and dedicated teaching staff.
- Davis Drive Elementary: Shaping the future with its innovative teaching methods.
- Weatherstone Elementary: A holistic learning approach to molding future leaders.
- Cary Academy: A private haven emphasizing rigorous academic learning.
- Reedy Creek Magnet Middle School: Encouraging students to think outside the box.
- Farmington Woods Elementary: Where arts and academic studies go hand in hand.
- West Cary Middle School: Community service and individual growth are priorities.
- Kingswood Elementary School: Cultivating a community of enthusiastic and engaged learners.
Decoding the Real Estate Prices in Cary
It’s no secret that Cary’s housing market isn’t the most affordable. Housing expenses in Cary soar approximately 32% higher than the national average. But when one juxtaposes this with the relatively moderate prices of utilities( that are just about 2% more than the national average) like gas, and other essentials, it poses an intriguing question: Is the trade-off worth it?
Market and Economic Overview: Cary, NC
Cary’s monthly supply of inventory offers a comprehensive insight into the local market trends and demands. With up-to-date listings and an analysis of supply rates, buyers and sellers in Cary can make informed decisions. Dive into our monthly inventory stats to stay ahead in Cary’s competitive real estate landscape.
Cary, North Carolina continues to shine as a hotspot for both real estate and employment. The latest trends highlight its growing appeal and the resulting implications for the housing market.
In May 2024, Cary witnessed a notable increase in its housing market sales. The town successfully sold 201 homes, showing a significant rise from the 172 homes sold in the same month the previous year. This data highlights a robust growth in Cary’s real estate transactions, indicating a thriving market.
Analyzing the annual trends in Cary’s real estate market reveals a notable shift. The latest data indicates a decrease in the median sale price of homes. Compared to the previous year, the current median sale price stands at $612,000, reflecting an 8% decline from the preceding year. This change underscores a downward trend in the local property market over the reviewed period.
Real Estate Trends in Cary, NC:
Cary’s real estate market is currently experiencing a low inventory level, with only a few month's supply of homes available for sale. This means that there are fewer homes on the market compared to the demand from buyers.
Homes in Cary are selling quickly, and days on the market depend on the neighborhood and price point itself. It is usually a rapid turnover, just as we’ve seen over the last year. This suggests a high demand for homes in this market and a competitive environment for home buyers.
The list-to-sold price percentage is relatively high at 101.7%,( again, that varies from case to case and this information could be a bit older by the time you read it) indicating that homes are typically selling for above their listing price. Yes, the interest rates have increased, and we can negotiate a bit more on some properties, but overall, if the home is listed accordingly, and is in a great condition, we see multiple offers.
The median sold price for homes in this market is $619,350, reflecting the overall value of properties in the area. This price point, combined with the low inventory levels and high demand, suggests a strong market for both buyers and sellers. Please note that the age of the homes matters a lot, and we could give many more stats, but at least we are giving you a general idea of overall home pricing in Cary.
Overall, these metrics paint a picture of a dynamic and competitive real estate market with opportunities for both buyers and sellers. Buyers should be prepared to act quickly and potentially pay above the asking price, while sellers may benefit from the current high demand and strong lists to sold price percentage.
Both potential buyers and sellers must keep up with these dynamics to navigate the market efficiently.
Economic Insight: Cary’s growing appeal isn’t just confined to its real estate. The town’s job market is booming, housing tech giants, eminent biotech firms, and renowned universities. This influx of esteemed institutions and businesses is not only elevating Cary’s status but also driving the demand for housing further.
Making informed decisions in such a bustling market requires keen insights and an understanding of these intertwined factors.
Cary: A Tapestry of Culture and Recreation
Embracing nature’s beauty: The Cary Greenways’ White Oak Creek Greenway segment beckons outdoor enthusiasts for a rejuvenating journey amidst verdant landscapes.
Recreational facilities are Cary, NC‘s strong suit. Miles of greenways, well-maintained parks, and world-class golf courses ensure that residents always have places to unwind. Your pets will love the greenways as well!
Add to this a burgeoning arts and culture scene, and you have a locale that promises both relaxation and enrichment.
Are you considering moving to Cary and wondering about the nearby city listings? Here’s a quick rundown of areas you might find interesting:
We do have amazing videos on YouTube about all these towns/ cities around Cary.
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Holly Springs Real Estate: A growing community with a friendly small-town vibe.
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Apex Real Estate: Known for its top-rated schools and historic downtown.
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Fuquay-Varina Real Estate: Offers a blend of rural charm and modern amenities.
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Durham Real Estate: A bustling city famous for its rich history and major universities.
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Morrisville Real Estate: Ideally located for tech professionals and close to major shopping centers.
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Raleigh Real Estate: The state capital with a diverse cultural scene and plentiful job opportunities.
Each of these cities has its unique characteristics and could be a great choice depending on your preferences and needs. To see Cary’s new real estate listings along with each city’s current inventory, scroll to the bottom of the page and choose any of the cities from the list.
Explore Cary’s Housing Market by Zip Code
Cary, North Carolina, offers a diverse and active real estate landscape, evident in its varied zip code markets. If you’re considering Cary for your next home, understanding the different housing markets within these zip codes can provide valuable insights:
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27511: Central Cary, with mature neighborhoods and convenient access to local amenities.
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27513: Features a mix of residential subdivisions and commercial areas, suitable for families and professionals.
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27518: Known for more upscale homes and newer developments.
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27519: This area boasts rapid residential growth with a variety of housing options, from apartments to family homes.
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27560: Encompasses parts of Cary and Morrisville, offering a strategic location near the Research Triangle Park.
Each of these zip codes in Cary presents its unique opportunities and characteristics, catering to various lifestyles and preferences. Whether you’re looking for a bustling commercial community or a peaceful suburban retreat, Cary’s housing markets are diverse enough to meet a wide range of needs.
If you’re exploring housing options near Cary, you’ll find several vibrant markets nearby.
Notably, you can consider homes in Holly Springs, Apex, and Fuquay-Varina, each offering unique community vibes and amenities. Additionally, the housing markets in Durham, Morrisville, and Raleigh are also worth investigating, as they provide a wide range of properties that cater to diverse preferences and budgets. Each of these areas boasts its distinct charm and advantages, making them fantastic choices for potential homeowners looking around Cary.
Explore the Latest Homes on the Market in Cary, NC!
If you’re house-hunting in Cary, you’re in luck! Here’s a fresh batch of properties recently listed for sale:
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2049 Vandiver Way – Perfect for those seeking spacious living
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120 Juliet Circle – Ideal for families looking for a friendly neighborhood
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405 Vintage Hill Circle – A great choice for those valuing privacy and elegance
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704 Newstead Way – Offers modern amenities in a serene setting
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1002 Grogans Mill Drive – Features a large yard and contemporary finishes
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348 Clementine Drive – A charm-filled home close to local amenities
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501 Dundalk Way – Boasts ample natural light and a cozy ambiance
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1700 Cary Reserve Drive – A stately home with luxurious features
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204 Callum Place Place – Located in a prestigious area with scenic views Ultra-spacious with a welcoming atmosphere
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605 Sea Salt Court – Set in a tranquil neighborhood, perfect for relaxation
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502 Heathridge Lane – Offers a great balance of comfort and convenience
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1109 Contessa Drive – A beautifully designed home with unique architecture
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1107 Hero Place – A modern home that combines style and practicality
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1108 Bradshaw Court – Ideal for those who appreciate fine details
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103 Welchdale Court – Combines elegance with a family-friendly layout
These listings showcase a range of options whether you’re looking for something cozy, luxurious, or with a character of its own. Navigate through these top picks to find a place you can call home in Cary! A character of its own. Navigate through these top picks to find a place you can call home in Cary!
What are the walkability, bike-ability, and transit-friendliness scores of Cary?
Cary has been evaluated on walkability, bike-ability, and its transit features with the following scores:
- The Walk Score® for Cary is 16 out of 100, indicating that the area is car-dependent.
- The Transit Score® rates Cary at 39 out of 100, suggesting limited public transport availability.
- As for biking, Cary is rated as “Somewhat Bikeable.”
These scores help gauge just how accessible Cary is using these forms of transportation.
How much is Cary, NC expected to see an increase in the number of days over 104ºF in the next 30 years?
Cary, NC is projected to witness a significant rise in hotter days, with the frequency of days exceeding 104ºF expected to increase by 142% over the next three decades. Currently, Cary experiences approximately 7 days annually with temperatures surpassing 104ºF. However, looking ahead to 30 years, this number is anticipated to escalate to 17 days. This trend highlights a considerable shift in the local climate, marking a move towards more extreme heat events within the span of just a generation.
In Conclusion: Cary’s Unmistakable Charm
There’s no denying Cary is a top place to live in, move to, retire to! From its top-tier educational institutions and thriving job market to its vibrant cultural landscape and welcoming neighborhoods. Cary, NC has something for everyone. As the real estate market continues to evolve, one thing remains constant: Cary’s unwavering appeal as a dream destination.
For those keen to delve deeper into Cary’s real estate nuances, I invite you to explore my video series. It offers comprehensive insights, helping you make informed decisions.
Are you intrigued by Cary, NC? Share your thoughts or experiences with this enchanting town below.
Frequently Asked Question
1. Why is Cary, NC, such a popular place to move to?
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Cary, NC is the perfect mix of modern convenience and peaceful living. With top-notch schools, beautiful neighborhoods, and tons of activities for families, it’s no wonder so many people want to call it home. It has everything you need—great parks, restaurants, and a strong sense of community—without the hustle and bustle of a big city.
2. What are some of the best neighborhoods in Cary?
- Cary, NC has a neighborhood for everyone! If you’re looking for luxury, Preston is a standout. Families love areas like Lochmere and Highcroft for their safety and charm. Amberly offers a newer, more modern vibe, and there are also gems like Carpenter Village and MacGregor Downs. Each neighborhood has its own personality, so there’s something for every lifestyle.
3. Why are home prices in Cary going up so much?
- It comes down to supply and demand. Cary’s popularity means there are a lot of people looking to buy, but not as many homes available. Add in excellent schools, thriving job opportunities in tech and biotech, and a great quality of life, and you’ve got a recipe for a competitive housing market. Homes here are often selling quickly, and some even go for more than the asking price.
4. How easy is it to get around Cary without a car?
- Cary, NC is a little more car-friendly than walkable, with a lot of neighborhoods designed for driving. While public transportation is limited, biking is becoming more popular thanks to the town’s greenways and bike paths. That said, most people here rely on their cars to get around.
5. Why do so many families choose to live in Cary?
- Families are drawn to Cary, NC for the schools—it’s as simple as that! Schools like Green Hope High, Farmington Woods Elementary, and Cary Academy are highly rated, with options for private, public, and even IB programs. On top of that, Cary is safe, has a ton of activities for kids, and offers a sense of community that’s hard to beat.
For a deeper understanding of Cary’s real estate nuances, consider exploring the video above. If you would like to talk to a Realtor®, please contact us. We are here to help and answer any questions.
Disclaimer: Most stats and information presented on this page, including the Monthly Supply of Inventory and real estate market trends, are based on the local MLS data and is provided for informational purposes only. TPA The Prosperous Agency is not responsible for the accuracy, completeness, or reliability of the data. Any decisions or actions taken based on this information are at the sole discretion and risk of the users.
