County of Wake issued the following announcement on Dec. 5.
Deed of Trust activity had a decrease of 10% from October’s 2022’s level.
Wake County Register of Deeds Tammy L. Brunner
For Immediate Release
Contact: Tammy Brunner tammy.brunner@wakegov.com
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Raleigh, NC – Wake County’s very high-value segment (real estate sales transactions worth $30 million and above) had three transactions in the month of November. This is a $186 million, or a 79%, increase from October’s 2022’s very-high value market amount. November 2022’s very high-value segment transactions are as follows:
Bradford Subdivision, Lot 1 & Lots 14-33, Cary, NC : $149 million
NorthChase at Midtown, Raleigh, NC: $48 million
Garner Business park Garner, NC: $37 million
The High-value segment, (transactions worth between $1 million to $30 million), stood at 150 transactions totaling over $398 million, an increase of $86 million, or 28% increase from October 2022.
Transactions in the Core Market (property valued at $1 million or less) saw 1887 transactions (23 less than October 2022) totaling just over $835 million, down 2% from October 2022.
Total sales value from all three segments equaled over $1.5 billion for November 2022, up 25% from October’s total sales of over $1.2 billion. 2040 total sales occurred in November 2022 which is a very small decrease in the number of total sales compared to October 2022’s total sales of 2049.
Original source can be found here
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