In the early 2000's, the Ammons family started development of HeritageWake Forest. Located on the site of an old dairy farm and over 2000 acres, it is one of the largest planned developments in the Triangle. With a first class golf course, two community pools, over 7 miles of walking trails and 2000+ homes, Heritage offers something for everyone. Over the past ten years, Heritage has been a leader in home sales in the greater Raleigh area. Since 2005, home sales have averaged 214 homes/year (new construction and resale). Since 2011 (after the "down years" of 2008-2010) home sales have jumped to average more than 250 homes sold each year.
2014 was no different for the Heritage sales monster. The appeal of Heritage with its community amenities, walking trails, shopping, and schools continues to drive people to the area and to strong home sales. There were 250 recorded home sales for HeritageWake Forest in 2014. Evenly split between new construction (126 homes sold) and resale homes (124 homes sold).
New construction homes ranged from $270,000 up to $630,000 with an average home price of $401,000. The size of these homes ranged from 1976sqft up to 3819sqft with an average size of 2854sqft. New home did not stay on the market for very long with a median number of days on market of 96 days. Pricing on these properties had an average cost/sqft of $139.92.
Heritage resale homes in 2014 ranged in price from $218,000 up to $883,000 with an average price of $375,000. These properties went from the smaller end at 1626sqft and all the way up to 8277sqft. That comes out to an average size of 3027sqft. REsale homes sold twice as fast as the new construction homes with a median number days on market of 46 days. Resale homes continued to hold their value in the Heritage market with an average of $124.33/sqft.
Heritage is getting close to being completed in terms of new construction with less than 150 lots left to build upon. I would not be surprised that even when new construction comes to an end in Heritage that it doesn't continue to lead the field in the resale market.
When it comes to providing the utmost in personal service to his clients, Peter Kima is on the cutting edge. This family man's demanding work ethic was passed on from his parents. His mother, a first generation German-American, forged a new life in a strange country. His father, who has not missed a day of work since 1972, led by example. Peter does not rest until he's done everything in his power to help you achieve your goals. As a husband and a father, his understanding of the importance of a family's home is reflected in his every move.
When Peter is not helping one of his clients, he can be found volunteering his time running a charity Lobster Bingo event, cooking burgers at the local Fire Station to benefit the children in the community, delivering dictionaries to every 3rd grade student in Wake County with his Kiwanis Club, collecting school supplies for the needy, or ringing the bell for the Salvation Army. His favorite pastime, however, is spending time with his wife, Jennifer, and their two sons, Cole (12) and Camden (9 going on 20!).
Peter has resided in Germany, California, Georgia, Indiana, Massachusetts, North Carolina, Oregon and Vermont. Having lived in North Carolina for over 10 years, Peter refers to North Carolina as home. Don't underestimate the value of Peter's moving experience. He and his team understand the rigors involved in making a family move. Rely on that experience to help you.
I have been helping buyers in the Raleigh Real Estate market for over
"We enjoyed every aspect of working with Jennifer. She was welcoming, extremely knowledgeable about the area and was always kind and professional. We would highly recommend her to anyone in need of real estate services. Kurt & Kathi McCorkle"