Garner NC Market Trends for 2017

Many people tell me they want to stop throwing money away on rent and become a homeowner.  I always encourage them to invest their money in real estate. The next question they always ask me is: “Where should I look?”

After telling people to contact a good lender, and get their finances in order, I always mention the Town of Garner as a great place to own real estate.  Below are some of the latest Garner NC market trends for 2017.

Garner NC market trends for 2017

Why Garner NC is a great place to buy!

Location: The main attraction is its proximity to Downtown Raleigh.  Located only 5 miles, (13-minute drive) from the heart of Downtown Raleigh, residents of Garner can frequent their favorite restaurants, bars, café’s museums, concerts at the popular Red Hat Amphitheater, and much more.

There is plenty of shopping is this great North Carolina town.  The biggest attraction is the newly expanded White Oak Shopping Center, which includes Target, Best Buy, Michael’s, Starbucks, a movie theater, and many other major retailers.

Outside of White Oak is a Walmart Super Center, 3 major grocery chains, Home Depot, Lowe’s, and plenty of fast food.

Value: With a median price per square foot of approximately $113 according to Zillow, you will get a ton of value for your money.  Considering the average price per square foot of Wake County at $139, this makes Garner a great place to get more house, and land, for the same budget.

Appreciation: Solid appreciation.

Home prices have appreciated about 7% over the past year according to Zillow.  With an expectation of another 4% within the next year.  This gives home owners, a solid return on their investment.The Population in Garner NC has grown to 27,814 (2014), a 57% increase since the year 2000.  This steady population growth is the right amount to support great amenities without being overcrowded.AffordabilityThe median price of homes currently listed is about $260,000 (according to Realtor.com), which is substantially below the average for the Raleigh metro area of $375,000.It is worthy to note that there are plenty of smaller homes for sale, at or below, the $200,000 threshold, making Garner a great place for first time home buyers.

Highest Priced HomeGarner does have its share of luxury property.  The highest listing price (as of this writing) being $875,000 for a 4bed, 6 bath, 5,000+ square foot home at Bonica Creek Dr, Garner NC, 27529.  There are plenty of other luxury subdivisions like this one, giving buyers a diverse selection.

SchoolsBuying a house in Garner NC will give you a great selection of schools:
Since the town of Garner spans across both Wake, and Johnston counties, it is important to do thorough research.Here are is a great resource to search school assignments by address:

• Wake County Schools

If you have a home in Garner NC that you need to sell fast, contact us right away, this is one

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Raleigh NC Housing Market – January 2017

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