North Carolina real estate values vary across the width and breadth of the state, as there are a number of different communities and locations in North Carolina which would exhibit different prices. NC real estate, for example, when examined all across the state in terms of the 145,802 different homes on North Carolina real estate that are currently for sale, exhibits a median price of $173,900. 

This median price for NC real estate can be misleading, however, because there are so many examples being taken into account, and the median price is not an average price. There might be outliers far on either end of that median price in parts of North Carolina.

One can attempt to understand the North Carolina real estate market a bit better, however, by looking at the fact that there are 145,802 homes for sale on the NC real estate market, while there were 27,428 recent foreclosures in North Carolina, the properties for which are currently for sale, and there are 398 new homes in North Carolina. 

In general, the NC real estate market, after undergoing a steady decline in the median price, has recently seen a significant rise in value, which again, might be misleading, but could indicate that the North Carolina real estate market is beginning to improve. Mortgage rates within the NC real estate market for a 30 year fixed loan currently have an average of close to 4.388%, while a 5/1 year ARM has a rate of 3.145% and a 15 year fixed loan has a 3.974% rate.

The North Carolina Real Estate Commission is an agency which is charged to help manage the real estate markets of North Carolina, and to protect customers and citizens from unscrupulous practices or frauds within the market. The NC Real Estate Commission provides licenses to individuals who pass the proper tests, and without a license granted by the NC Real Estate Commission, an individual cannot practice realty by selling, leasing, or performing any other function involved in the real estate market. 

The NC Real Estate Commission also monitors the real estate market of North Carolina to determine if there are any significant trends or changes which might need to be accounted for in some fashion. Certain types of real estate projects and agreements, such as time share agreements, must also go under the direct monitoring of an NC real estate commission employee.

The NC Real Estate Commission might be able to provide some information and assistance to an individual who was not licensed as a real estate professional, but it is not designed to be an organization which can provide expert assistance to those consumers who might need it, as it is more focused on controlling and monitoring issues regarding the NC real estate markets. 

In the case of possible fraud, however, an individual should contact the NC Real Estate Commission as it can take some action against the fraudulent part. This is especially significant if the fraud is the result of an unqualified individual attempting to act as a real estate broker, or even as the result of a qualified individual attempting to act as a real estate broker in a fraudulent fashion.

Wake County is a county in North Carolina. Wake County is located near the center of North Carolina. Wake County real estate includes areas in Raleigh, Chapel Hill, and Durham, all of which are cities located within Wake County. This is particularly significant as Raleigh is the state capital of North Carolina. 

Wake County is currently a quickly growing area within the United States, and this makes a Wake County real estate search tool very desirable for many individuals who may be hoping to find some Wake County real estate. Such a Wake County real estate search tool can be found on the Wake County website itself, where tax and real estate records are publicly available for easy searching. One might also attempt to use any of a number of different real estate tools found on the Internet, such as Zillow, in order to conduct a Wake County real estate search.

The Wake County property tax, which is applied to all property in Wake County, is determined differently depending upon the exact location of the Wake County real estate in question. Wake County property tax is a combination of the County tax, the municipal tax, recycling fees, fire district tax, special district tax, and vehicle fee. 

All of these different taxes are applied as percentages to the overall value of the Wake County real estate being considered. Thus, the Wake County property tax will vary from town to town within Wake County, and will also vary between the different pieces of Wake County real estate.

Cary is a city in North Carolina, primarily within Wake County, though it does extend somewhat outside of Wake County. Cary contains close to 100,000 individuals, and it is growing very quickly according to recent facts and figures. 

Cary real estate is known to include close to 37,000 housing units of differing varieties throughout the 2,246 square mile area of Cary. Cary is known to be a highly prosperous and safe city, particularly as a large portion of the Cary populace is known to have a degree from a higher education.

The median price for Cary homes for sale was determined to be $279,000 across 1,255 different such Cary homes for sale. This is a decrease from recent numbers in prior months. Foreclosed Cary homes for sale had a median price of $215,000 between 188 different examples, further providing information as to the fact that there are significantly more Cary homes for sale than there are foreclosed homes up for sale in Cary. 

Because Cary is also growing so quickly, numerous new pieces of Cary real estate are opening up for sale. Across 30 different new homes on Cary real estate, the median price was found to be $419,670, which is a significant amount more than the price of already built Cary homes for sale and Cary real estate. In general, the Cary real estate market seems to be mostly stable, though there was a dip in the prices that occurred very recently.

Durham is the county seat of Durham County in North Carolina. Durham is actually a large city, at 94.9 square miles, and it extends beyond Durham County and into Wake County. Durham is located in the central regions of North Carolina, and it is known to have close to 270,000 residents. 

Durham is in general significant because of a number of important universities nearby, such as the Art Institute of Raleigh-Durham and the well-known Duke University. Durham is a city which is undergoing relatively constant growth, though not at the accelerated rates that some of the nearby cities are experiencing.

Durham property for sale is generally on the less pricey end of things, though this does not bespeak a poor quality in Durham real estate. In a survey of 2500 different pieces of Durham property for sale, the median price was found to be $168,900, which is not particularly high. Foreclosed pieces of Durham real estate had a median price of $135,900 across 965 different pieces of property. 

Furthermore, Durham property is still expanding with new homes, a survey of which found that across 25 different new pieces of Durham real estate, the median price was $255,400. In general, the Durham real estate market was affected by the economic downturn, but not terribly much, as prices have remained within the $140 thousand and $160 thousand range for the past 6 years or so. Of late, prices have been decreasing again, though not significantly.

Greenville in North Carolina is a city within Pitt County. Greenville is a city particularly notable in that it has been rated very well on a number of different ranking sets, ranging from the ranking set for “Best Places for Business and Careers” and the ranking set for “Best Communities for Young People”. Greenville has a population of close to 90,000 individuals, though there are close to 200,000 in Greenville and the area around Greenville. The city of Greenville extends over 26.3 square miles, over which one will find all Greenville real estate.

Greenville property, despite being in such a praised city, is often at a very, very low price comparative to other locations in American and even in North Carolina. Across a survey of 1504 different pieces of Greenville real estate up for sale, the median price was found to be $125,000. Similarly, a survey of 71 different pieces of Greenville property which had been foreclosed on and put up for sale found that the median price for these pieces of property was $97,000, which is a significantly low price for any looking for a Greenville property. 

The 1 new home examined in the same survey found a price of $159,000. Greenville real estate in general has been declining in price since 2008, though the price decline of Greenville real estate has leveled out somewhat of late. It is clear, however, that now is a very good time for anyone interested in buying a piece of Greenville property to look into doing so.

Wilmington, North Carolina is located in the southern part of the state, in New Hanover County. Wilmington is actually the county seat of New Hanover County. Wilmington is notable for the fact that many television programs and movies are filmed there, and it has become known as the “Hollywood of the East”. Wilmington is located directly on the Cape Fear River, and is also located very close to the Atlantic Ocean. Wilmington real estate is often popular as a result of the desirable climate, which is described as humid and subtropical.

Wilmington real estate has in general been going down in price since 2008. The market value for Wilmington real estate close to 2008 was close to $220,000 in overall value. Since then, it has dropped to close to $150,000 in value, which is a significant drop for the five year period. In a survey of Wilmington real estate, it was found the median price for houses being sold in Wilmington is $205,500, which is down from the prices for Wilmington real estate of recent months. 

Furthermore, the median price for pieces of Wilmington real estate which have been foreclosed on is $183,000 over 669 different pieces of foreclosed Wilmington real estate. Furthermore, the survey found that over the 8 new homes examined, the median price was $249,000. These prices for Wilmington real estate are not particularly high, though they are higher than other nearby areas of North Carolina.

Raleigh, North Carolina, is the capital of the state. It is located in Wake County, where it is also the county seat, and thus it falls close to the center of North Carolina. Raleigh has a population close to 400,000 individuals, spread out over 142.8 square miles. Raleigh is notable being near North Carolina State University, UNC-Chapel Hill, and Duke University. Furthermore, Raleigh is particularly notable for being a very fast growing city, which means in turn that Raleigh real estate is highly valuable as demand has increased significantly. 

Raleigh real estate prices are appropriately towards the higher end of real estate prices for North Carolina. In a survey of homes for sale on Raleigh property, the median price was found to be $208,000. This survey encompasses 5,299 different pieces of Raleigh property. A similar survey which surveyed 1,469 different foreclosed pieces of Raleigh property found that the median price of those pieces of property, now that they are up for sale, was $157,000. 

Because Raleigh is such a quickly growing area, new homes are being consistently built in Raleigh, as well. A survey of 36 of these new pieces of Raleigh real estate found that the median price was $213,695, which is not much higher than the price of pieces of Raleigh real estate simple put up for sale. In general, the Raleigh real estate market has had something of a downward trend in market value since 2009 or so, but it has been a slight, gradual trend, and it may be reversing soon.

Charlotte, North Carolina, is larger than the state capital of Raleigh. Charlotte is located within Mecklenburg County, which means that anyone looking for Charlotte, North Carolina real estate will need to use some form of Mecklenburg County real estate lookup tool. Charlotte is believed to have a population of close to 760,000 individuals as of the latest determination, and it is still growing. With the area around Charlotte taken into consideration, the population goes up to 1,750,000. 

Charlotte is located on the southwestern border of North Carolina, and it is some distance away from the Atlantic Ocean, while also being some distance away from the Appalachian Mountains to the west. Charlotte does have some significant value in that it is about equidistant from Washington, D.C., and Atlanta, Georgia, meaning that to some Charlotte property would be valuable for no other reason than location. Charlotte has also been rated well in numerous surveys concerning the best places to live.

Charlotte property prices are not particularly exorbitant, either. Charlotte, North Carolina real estate, according to a survey using a Mecklenburg County real estate lookup tool, has a median cost of $175,000 for the 9,700 houses that were found to be put up for sale. The Mecklenburg County real estate lookup tool also found 5016 foreclosed upon pieces of Charlotte, North Carolina real estate, and found that they had a median price of $131,000.

Fayetteville is a city in Cumberland County, North Carolina, with a population of close to 200,000 individuals and a size of 60 square miles. If the area surrounding Fayetteville is included, then the area has a population of close to 350,000 individuals. Fayetteville is located towards the southern part of North Carolina, although it is still relatively close to the center of the state. Fayetteville is located along the Cape Fear River. People in Fayetteville are known to have a median income of close to $36,000, which is particularly significant in terms of the prices of Fayetteville real estate.

In a survey taken of 1,818 pieces of Fayetteville real estate, the median price was found to be $149,000, which is close to average for North Carolina, although it may be a bit towards the lower end. In a survey of foreclosed pieces of Fayetteville real estate, however, the median price was found to be $102,000. 697 examples of foreclosed pieces of Fayetteville real estate were used in this latter survey. 

The price found with regard to these pieces of Fayetteville real estate is relatively low, both for the country and for North Carolina in particular, meaning that an individual who was looking to buy a piece of Fayetteville real estate might do well to do so now, aiming for a foreclosed piece of property. In general, over the past several years, the Fayetteville real estate market has generally gone up in value, although there have been curves along the way, and at the current time, it seems that the market value is towards the bottom of a curve.