Avocet home prices rise in the first half of 2017

Avocet home prices rise in the first half of 2017
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The median sale price of a home sold in the first half of 2017 in Avocet rose by $60,250 while total sales decreased by 25%, according to BlockShopper.com.

From January through June of 2017, there were six homes sold, with a median sale price of $345,000 – a 21.2% increase over the $284,750 median sale price for the same period of the previous year. There were eight homes sold in Avocet in the first half of 2016.

The median sales tax in Avocet for the most recent year with available data, 2016, was $1,976, approximately 0.6% of the median home sale price for the first half of 2017.

The following table compares Avocet to other Wake County cities with similar median sales prices in the first half of 2017:

City Jan. – June 2017 Home Sales Jan. – June 2016 Home Sales % change (Total Home Sales) Jan. – June 2017 Median Sales Price Jan. – June 2016 Median Sales Price % change (Median Sales Price)
Brookstone 5 2 150% $455,000 $413,500 10%
Brookhaven 6 4 50% $448,500 $385,000 16.5%
Lake Anne 2 4 -50% $407,750 $319,250 27.7%
Birchwood Hills Estates 6 9 -33.3% $389,500 $310,000 25.6%
Stoneridge 1 3 -66.7% $380,000 $517,000 -26.5%
Avocet 6 8 -25% $345,000 $284,750 21.2%
New Hill 9 8 12.5% $345,000 $356,000 -3.1%
Cary 898 1,358 -33.9% $335,000 $320,250 4.6%
Oxxford Hunt 5 7 -28.6% $312,000 $312,000 0%
Rolesville 74 120 -38.3% $310,000 $315,250 -1.7%
Medfield Estates 4 1 300% $305,000 $290,000 5.2%


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