Triangle real estate market update

We have experienced some really hot weather this year!  Are we still in Spring or has Summer arrived early? The local housing market has not been as volatile and is tracking about the same as it has for the last many months. The local numbers are in for April 2024 and here is what is happening: Contrary to what you might hear on the news, I don’t expect significant home price decreases as long as the number of homes listed remains low. Here is an update for the end of April: A year ago, the average sale price of a single-family home in the Triangle was $496,792 and increased $35,890 to $532,682 by the end of April. That is a 7.2% increase. The number of homes for sale was 5,330 a year ago and declined by 409 to 4,921 by the end of April for a decrease of 7.7%. This

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50-Mile Walking Challenge now open

The Wake Forest Parks, Recreation & Cultural Resources Department will commemorate “National Physical Fitness Month” in May by offering a 50-Mile Walking Challenge for area residents ages 11 and older. Residents who accept the walking challenge commit to walk at least 50 miles in May and use a tracking card to record their progress. Walking locations may include neighborhoods, schools, churches, parks, and greenways – just to name a few. There is no cost to participate, and online registration is open through Friday, April 26, at https://wakeforestnc.recdesk.com/Community/Home (search “Walking Challenge”). Tracking cards will be emailed to all registered participants and available for pickup at Joyner Park Community Center (JPCC), 701 Harris Road. The first 100 participants to complete at least 50 miles and return their completed tracking cards to JPCC by Monday, June 3, will receive a 50-Mile Walking Challenge T-shirt. For more information about the 50-Mile Walking Challenge and the May

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Get toned up during May Month of Fitness

The Wake Forest Parks, Recreation & Cultural Resources (PRCR) Department will offer a free outdoor fitness series five nights a week in May at E. Carroll Joyner Park, 701 Harris Road. Free and open to area residents of all ages, May Month of Fitness will consist of the following weekly classes: All classes are free and require no registration. Each will be offered on its respective night from 6:30-7:30 p.m. in the Joyner Park Amphitheater. During the Women’s Self Defense classes, instructors from Quest Martial Arts will teach participating women a variety of techniques to avoid danger and defend themselves if necessary. Sessions will focus on practical and instinctive methods to get you out of harm’s way. Participants are encouraged to bring water. Cynergy Fit is an Outdoor Bootcamp Community in Wake Forest. Personal Trainer Cyndie Daniel will motivate, challenge and train participants to be stronger, faster, and better than the day

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National Trails Day Walk/Run Race on June 1

The Parks, Recreation & Cultural Resources Advisory Board will host a family-friendly 5K/3K walk/run as part of National Trails Day on Saturday, June 1, at E. Carroll Joyner Park, 701 Harris Road. Check-in on the day of the event starts at 7 a.m., and the race begins at 8 a.m. Online registration is available at https://bit.ly/WFNationalTrailsDay. The entry fee for the 5K is $25 before March 31; $30 from April 1-May 14; $35 from May 15-30; and $40 the day before and day of the race. The entry fee for the 3K is $20 before March 31; $25 from April 1-May 14; $30 May 15-30; and $35 the day before and day of the race. Please note: Registrations will be accepted on the day of the event. Everyone who registers before May 15 will receive a race T-shirt. The National Trails Day 5K/3K is a timed walk/run for children and adults.

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Monthly Inspections Report: February

The Wake Forest Inspections Department issues a monthly report about all new building permits and new businesses. In February there were 57 permits issued for new single-family dwellings, 36 permits for townhouses and 26 permits for multi-family dwellings. There were no new commercial buildings approved . There were no fit-ups approved. There were four pre-occupancy inspections: Proforce Pest Control Raleigh LLC at Merritt Capital Drove, Suite 102 Mattress Now at 12267 Capital Boulevard Revolution Hearing at 2006 South Main Street, Suite 202 Big Blue Marble Academy at 1941 Heritage Branch Road Monarch Mental Health Counseling at 1780 Heritage Center Drive, Suite 204 ###

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The Growth Rate

Based on the February 2024 Monthly Development Report, WF Planning Updated April 10, 2024 The updated Wake Forest population as of July 1, 2023 was 56,681. That figure included the new homes which were approved for occupancy. When all the current approved apartments, townhouses and single-family homes are built the population will rise to 69,956. The town keeps a running tally of approved projects with counts of those completed. The best inspections current estimate is that between seven and eight people move to town each day, moving into newly-built houses, townhouses or apartments and a few existing houses that were for sale. Projects under review There were only three changes between the January and February list of plans under review. No. 13, Traditions Grande Care Facility, a 119-bed nursing home nearing or completely built, was replaced by Friendship Chapel Road Spring Branch Crossing, a town infrastructure project for the bridge

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Obituaries

Terry Wayne Bartlett Wake Forest Terry Wayne Barlett, born on March 16, 1949, passed away on May 11, 2024. He left the world better than he found it and gave more than he took. A devoted husband, cherished son and brother, and a hero to his children and grandchildren, Terry’s legacy of love and generosity will endure. Born to Paul and Betty (Boyer) Barlett in New Bethlehem, Pennsylvania. He excelled in football at Redbank Valley High School, where he met Karen (Ochs), the love of his life. They celebrated 55 years of marriage, raising three children—William (his wife Carey), Lindy (her husband and Charles (Nicklis), and Joseph (his wife Candace)—and spoiling their 16 grandchildren:  Connor, Erin, Megan, Matt, Tylar, Jaxon, Charlie, Olivia, Ella, Josie, Caleb, Ashton, Madilynn, Kayli, Jacob, and Sara. After attending drafting school, Terry worked for Boeing in Seattle before returning to New Bethlehem, where he spent 30

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Padgett unveils 2024-2025 budget

After a county-wide real estate revaluation that increased property values by almost 50 percent or more, Wake Forest Town Manager Kip Padgett is recommending a new tax rate of $0.42, a rate above the revenue neutral tax rate of $0.3460. He unveiled the plan Tuesday night, May 7, during the town board’s work session. Padgett’s proposed $128,668,100 budget for the 2024-2025 fiscal year   includes 13 new staff positions, seven of them for the Wake Forest Police Department. There were no increases in the town’s health insurance premiums for the sixth year, but there were mandated increases in the two retirement funds for town employees. In Padgett’s full three-page letter to the town commissioners, he says the reason for the change from the revenue-neutral rate to the $0.42 is because, in a reassessment year he must add to the revenue-neutral rate of $0.3460 the following: Fire station 6 and public safety

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No gas on Faculty Avenue

100 years of history By Carol Pelosi A small brick building on North Main Street made zoning and state history in 1930, becoming the subject of the first zoning case heard by the North Carolina Supreme Court. In 1923, quiet dead-end Faculty Avenue had become part of U.S. 1, stretching from Maine to Florida, when federal engineers conquered the bluff at its north end. Automobiles and tourists rolled down the broad street which had recently been paved and edged with granite curb stones. Twenty years before, in 1905, A.J. “Jack” Medlin had built the brick general store which is now an office owned by Cooke’s Restoration. “I bought my first air rifle there,” Dr. I. Beverly Lake Sr., then retired as a Supreme Court justice recalled in 1982. The Lake family lived down the street, and Lake was a year older than the store. Medlin made arrangements to keep some

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‘Unruly teens’ continue to plague FNOW

The teens who were a problem last September during Friday Night on White have returned, Bill Crabtree, the town’s communications and public affairs director, told the Wake Forest Town Board Tuesday night. Crabtree said he and others who had put up signs and appealed to parents to control their teens thought earlier this spring that the problem had been solved or lessened, but the most recent street concert demonstrated “the September problem is back.” The FNOW committee met, talked about the problem and decided on some further corrective actions. First, since the Wake Forest Police Department can assign only a limited number of officers to the concerts, they have asked for help from other departments. Franklinton and Youngsville will send three officers each to the Friday, May 10, concert and Fuquay-Varina and Apex will each send one officer. “There may be others, but those have been confirmed,” Crabtree said Wednesday.

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