Category Archives: luxury properties

7132 Capulin Crest in The Park at Westlake, Apex NC

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.

Arches, detailed woodwork and ceilings thru home.

For additional images please check out the property website:  7132 Capulin Crest and for more information about the neighborhood please visit The Park at Westlake.

Today’s Featured Community: Bella Vista Raleigh

bella vistaBella Vista is a new luxury community ideally located just north of I-540.

The community consists of seventy-seven acres in a prime North Raleigh location. Over 20 acres will be community open space.

There will be only 62 home sites that offer lakefront, meadow or basement opportunites. The homes will be situated on lots ranging from .67 acres to over 1 acre.

The utilities in the community will be natural gas, community water and private septic. County taxes only and HOA dues of $90 per month.

There are two parade homes to visit during the Parade of Homes Oct. 1-2, 7-9, and 14-16, 2016 from 12-5 p.m.  Both of the parade homes already have sold signs on them.

The Builders At Bella Vista:

Ange Signature Homes

Bost Custom Homes

Don Collins Builder, Inc.

Legacy Custom Homes ‎

Premiere Homes

Loyd Builders LLC

Rufty Homes

Shall Construction, LLC

Sundance Signature Homes

The Developer of Bella Vista is Henry MacNair.

I would be happy to show you this new luxury community and here is a link to Listings in Bella Vista.

3 Reasons to Buy Luxury Property THIS Year!!

3 Reasons to Buy Luxury Property THIS Year!! | MyKCM

3 Reasons to Buy Luxury Property THIS Year!!

 

1. There are more homes from which to choose

According to a recent Wall Street Journal article, 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:

3 Reasons to Buy Luxury Property THIS Year!! | MyKCM

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.”

Bottom Line

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.