According to Redfin, nationwide, 10.8% of saved searches on Redfin.com filtered exclusively for homes priced over $1 million in January. That is up from 8.5% a year earlier and the highest share
Homebuyer interest in million-dollar-plus homes reached a record high in Wake County in January
Dated: February 21 2021
According to Redfin, nationwide, 10.8% of saved searches on Redfin.com filtered exclusively for homes priced over $1 million in January. That is up from 8.5% a year earlier and the highest share since Redfin started tracking this data in the beginning of 2017.
Meanwhile the trend here in Raleigh-Cary-Wake-County seems doubly so. Luxury homes, those prices above one million dollars in Wake County have seen a surge ins sales year over year. For example, in January 2021 there were 31 homes sold in Wake county greater than 1MM for an average of 1.5MM. Compared to 16 homes for the same period in 2020. A 100% increased demand than at the same period last year.
Yet, this trend does not appear to be isolated to 2021. Since 2017 reporting for the same January stats show exponential growth each year in Wake County!
What’s more, at the time of this writing, in Wake county there are only 15 homes for sale less than $200,000 while there’s a whopping 134 homes for sale greater than 1MM. That is nearly 13% of the available pool of homes for sale in the county of 1.1MM persons!
If you’re wondering what 1MM+ buys in Wake county, click here to learn more. Alternatively, if you’re in the market for a luxury property outside of Wake County, give us a call and we’ll connect you with one of our luxury home experts.
With a background in real estate since 1996 Ricardo earned his broker’s license in 2015 and quickly became both a top producer and a leader in his market center by working exclusively with investors....
Latest Blog Posts
Hardened Underground Bunker-Home on 10.5 acres. This is the only bunker for sale near a major city that is fully remodeled and ready for move in immediately. Find a buyer and receive a commission
The country's first 3D printed house is up for sale. 50% cheaper to build and completed 10 times faster than a traditionally-constructed home...but looks a bit sedimentary. The company can set up
New-Home Buying Rush Likely to Continue in 2021February 10, 2021 Melissa Dittmann Tracey More house hunters—particularly move-up buyers—are being drawn to new-home construction in the