Wandering Wednesday | Downtown Cary — Kaplan & Co Real Estate Group

We were excited to venture out of Raleigh for this edition of Wandering Wednesday and make our way to the HOT and HAPPENING Downtown Cary! This area has been growing over the past few years, but with the opening of the eagerly anticipated Downtown Cary Park - we just HAD to do a feature.

🕰️ Then & Now 🕰️

The transformation of Downtown Cary has been a gradual process. Here's a glimpse into the journey that brought about the Downtown Cary Park:

In 2001, the Cary Town Council approved a visionary plan that included the development of a park as the visual and cultural focal point for Downtown Cary.
However, it wasn't until 2013 that the design of Frantz Square, now known as Downtown Cary Park, was initiated.
The design phase continued until 2020, and construction finally commenced in 2021.
On November 17th, 2023, Downtown Cary Park officially opened its doors to the community!

Spanning an impressive 7 acres, the park has become a thriving hub, offering a multitude of amenities:

Food & Beverage Facilities: Enjoy delightful dining experiences at The Bark Bar and Market 317.
Skywalk: Take in picturesque views of the park from the skywalk.
Recreation: Engage in friendly competition with table tennis and volleyball.
Open Field Space: Perfect for picnics, outdoor activities, and gatherings.
Playground Area: Children can have endless fun with numerous slides and a splash pad.

Downtown Cary Park stands as a testament to community-driven revitalization, providing a welcoming space for residents and visitors alike.

**🏘️ The Market 🏘️**

Let's start by examining the dynamic real estate market in this vibrant area, focusing on data from the past 90 days. Here's a snapshot of what's been happening:
There are currently 20 active listings in Downtown Cary
An impressive 47 listings are pending, including a remarkable 23 new construction homes.
Over the last 90 days, 9 units have been successfully sold.
With an average of just 7 days on the market, homes in Downtown Cary are in high demand.
The average active list price stands at a competitive $953,214.
It's worth noting that many of the active and pending homes are newly updated, reflecting the area's ongoing revitalization.

It's crucial to understand that the past three months have seen a limited number of sales within Downtown Cary. The best opportunities are often contracted prior to completion, making it essential to act decisively and identify opportunities pre-construction. Working with a local expert like Kaplan & Co. can help you discover the best opportunities before they hit the MLS!