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I have been on this site for awhile and read all the reports and have visited all the areas and cary we like the best. I keep hearing it is expensive now maybe it is because i am from NJ and my meaning of expensive is a little different than some. I have been looking and have found several homes around 1800-2300sqft in good shape on nice size lots built in the 1980's or 90's , so for us from Jersey that is not old , my house was 38 years old and that was in a newer section of the city I lived in. The prices of these house are 200k to 260k with taxes of $2000 a year. Now for some that might seem expensive but in Jersey similiar homes that are older and need more work would be double with taxes of 3 to 4 times that. So my question is are there areas of cary ( that maybe these homes are in) that should be avoided? Or is the word expensive just a little different to different people?
I've seen some areas of Cary that are more expensive than that. but coming from NJ you'll probably either not have sticker shock or only mildly.
I've been doing online search and found that the prices are higher than rural economy depressed upstate NY (where I am), but less than teh prices in Pa where I grew up.
I am seing that the price goes up alot to get 2 car garage (guess wihtout snow it's low priority), but it's still doable if you have a good job. And there's not that many areas of the country where you can have a good paying job and the housing is still affordable it seems.
Average new construction prices in Cary are over $500,000 as larger homes are in demand.
Average resell home prices are much lower, with many affordable homes available in Cary, based on the size and amenities of older homes.
Cary gets a lot of grief for lack of affordability, but that is overblown, IMO.
Or is the word expensive just a little different to different people?
Yes. If you are coming from the northeast, Florida, California, etc then the prices here will make you think you've gone to heaven. If you are coming here from the corn-belt, Texas, Michigan, etc then the prices here will make you think you've gone somewhere not as nice as heaven
Its supply and demand, Cary, Raleigh and Charlotte have all increased in price and more people are looking to the further out areas like Clayton, Holly springs ect to find that cheaper home. Nc will continue to increase in value as other states decrease and things will balance out at some point. Its alot like the stock market sell high and buy low, well Cary is not as low any more so other areas have become hot.
I'd say look at price per square foot. We found a home in Cary that we liked (yes, we'd be building, so it's a bit different), and price per square foot it was the same as our home in an "upscale" neighborhood in Massachusetts. I was really, really surprised. In the end, we're going to build that house in Apex for $20 per square foot less.
I found using price per square foot in our home search really helpful.
I'd say look at price per square foot. We found a home in Cary that we liked (yes, we'd be building, so it's a bit different), and price per square foot it was the same as our home in an "upscale" neighborhood in Massachusetts. I was really, really surprised. In the end, we're going to build that house in Apex for $20 per square foot less.
I found using price per square foot in our home search really helpful.
I wouldn't look at price per square foot, because it depends on what you are paying for. Some homes are built better and have nicer features than others. To answer the question though, the same home in Cary will typically cost you more than in neighboring cities. All the press it has gotten as such a nice place to live drove up demand, and thus prices.
If you're comparing similarly-built homes (meaning, not tract vs. custom, same type of building materials and finish work), then price per square foot is something valuable to evaluate. It shed the light for us.
In this case, we are buying the exact same home in Apex that we found in Cary, and it's $50k less in Apex. Larger, flatter lot in a great area too. So in this case, I'd say Cary is more expensive than Apex in it's the same product 10 miles away for a lot less.
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