Tryon Villas in Cary North Carolina Where Classic Styling Meets Modern Luxury Living !
Walk to shopping & dining or stroll around the 11- acre lake. European inspired stone and brick exterior provides an old world charm to this exclusive luxury community.
Beautifully appointed maintenance free energy star luxury residence. Each of the 4 bedrooms is an en-suite.
Designer kitchen has granite, detailed custom cabinetry, range hood and tile backsplash. Family room features a stacked stone twilight fireplace that opens to a covered porch with remote controlled screen system.
The first floor guest bedroom with a full bath can double as a office/study. Spacious master suite has master spa, oversize shower and expansive walk-in closet.
Entry into home (at front door and garage door into house) is a 36″ space and some other doors offer 36″ entry.
Lock and leave convenience is ideal for residents that travel or have vacation homes.
You’ll be impressed with 7132 Capulin Crest in The Park at Westlake.
A Parade Of Homes Gold Winner, The “Lillypad” is a 4-bedroom, 3-full bath and 2-1/2 bath home built by L and L of Raleigh, Inc.
Gleaming hardwoods greet you in the foyer and continue thru the living room, dining room, family room, staircase and upstairs hallway.
The property offers a transitional floor plan that delivers a striking living room with a coffered ceiling, an impressive dining room with a tray ceiling and an inviting family room with a fireplace with gas logs flanked by built-in bookcases.
The master suite is huge with his-and-her walk-in closets and a master spa. All of the secondary bedrooms are also spacious and each has a walk-in closet with wood closet systems and brand new carpeting in all bedrooms.
The gourmet kitchen has tile floors, granite countertops, stainless and a good size pantry.
First floor guest en-suite is perfect for visiting parents or friends.
Great storage with both a walk-in and walk-up attic.
According to a recent Wall Street Journalarticle, inventory in the upper end is increasing, while it is decreasing at the lower and mid-tier price ranges. Here is a graph showing the average increase/decrease in inventory for the first four months of this year as compared to last year:
2. Prices are becoming more reasonable
In a separate article, the Wall Street Journal also talked about prices in the luxury market. They explained that downward price adjustments have been more common in the luxury market than in markets with lower prices. They went on to say:
“The growing number of price cuts suggests luxury-home sellers are becoming more realistic about property values as sales have slowed, said several real-estate veterans.”
Not only will you have more to choose from, but you may also be able to get the property at a reduced price.
3. Mortgage rates are at historic lows
In the past, one of the drawbacks to purchasing a luxury property was the larger mortgage rate on “jumbo” loans which are often required on high end properties.
However, HSH.com just revealed that jumbo rates just set new record lows:
“While conforming fixed-rate mortgages eased a little this week, 30-year fixed-rate jumbos declined enough to break into new record low territory (3.66%), besting the previous low set in April by two basis points.”
More choices, better prices and historically low mortgage rates may make this the perfect time for you to own one of those luxury properties you and your family have always fantasized about.
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The Joann Samelko Team | Northside Realty | Phone: 919-616-2555 | Fax: 919-784-0202