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Residential Real Estate – Apex makes top score!

Residential Real Estate – Apex makes top score!

The realtor.com report looked at ZIP codes of suburban areas outside the nation’s 50 largest metros. Rankings were based on a combination of household growth, listing price growth, and housing supply and demand.

Apex/Friendship landed at No. 10. “It is currently booming with new construction due to the large numbers of people flocking to the area,” the report stated. “Many of those attracted to the area are young professionals drawn to the strong job market, affordable housing and the overall quality of life, including a strong school system.” The report also highlighted its proximity to universities.

According to the report, the Apex/Friendship 27502 zip code suburb:

Had a 25.2 percent growth in the number of households between 2010 and 2017;

Saw houses spend an average of 41 days on the market in 2016 – 18 days less than in other suburban areas included in the study; and between 2013 and 2016, listing properties grew at an annualized rate of 11.6 percent.

Apex / Friendship suburb is ranked among “America’s Top 10 Suburban Hotspots” by Realtor.com.