Fuquay-Varina is one of the southernmost towns in Wake County, North Carolina. lying south of Holly Springs and southwest of Garner, and north of Angier and west of Willow Springs. The population was 17,937 at the 2010 census, and estimated at 30,324 as of July 2019. The hyphenated name attests to the town's history as two separate towns. Fuquay Springs and Varina merged in 1963 to create the modern town. Economically, the town initially grew due to tobacco trade and agriculture, but has seen recent population growth and real estate development due to its proximity to Research Triangle Park. The town of Fuquay-Varina's new tagline 'a dash more' is a play on the town's hyphenated name while also conveying that the town offers something extra.
Why Move to Fuquay-Varina?
At the heart of North Carolina, Fuquay-Varina offers an affordable living option with promising job prospects and a comfortable lifestyle. It might not be the capital, but it's a growing hub that is quickly becoming a sought-after destination for many. As you make plans to relocate to this delightful town, let our comprehensive guide assist you in settling into your new neighborhood by informing you about housing costs, educational standards, local amenities, vehicle registration, and more.
Understanding Fuquay-Varina Before Your Move
Exploring the housing market in Fuquay-Varina, you might be pleasantly surprised. Compared to the larger city of Raleigh, the real estate market here is slightly more accessible, yet still bustling due to its proximity to the capital. Families looking to move will find solace in the high-quality education system Fuquay-Varina has to offer, with various public and private school options to choose from. The town also boasts a rich array of cultural experiences, with galleries, annual community events, and museums like the Fuquay-Varina Museums Complex, offering insights into the local history and culture.
Housing in Fuquay-Varina
The town's housing options are diverse, fitting a range of preferences and budgets. Whether you're interested in a quiet luxury neighborhood or a vivacious community within walking distance to local amenities, Fuquay-Varina has it all. The area's housing ranges from affordable family-friendly communities to luxurious communities like Stonewall Farms tends to be more budget-friendly compared to the larger Raleigh market.
Employment in Fuquay-Varina
Thriving under the expansive economic shadow of the Raleigh area, Fuquay-Varina also offers ample employment opportunities, benefiting from the various industries such as healthcare, pharmaceuticals, biotech, education, and IT. As a growing economy, the town continues to attract new businesses and development, multiplying job prospects for its residents. Job seekers can explore opportunities online or visit local job fairs to connect with potential employers.
Cultural Experiences and Activities in Fuquay-Varina
Fuquay-Varina is vibrant with cultural activities and community engagement. Along with its own galleries and historical sights, residents can enjoy the Fuquay-Varina Arts Center, which provides an array of performing arts, classes, and exhibits. The town is also home to several parks, including the Fuquay Mineral Spring Park, which is a nod to the town's historic reputation for healing waters. The town celebrates many annual events that bring the community together, such as the Follow Me to Fuquay-Varina concert series and the Celebration of the Arts. Not to mention, the proximity to both Raleigh and the Research Triangle Park means that the cultural and recreational options are nearly limitless for locals.
Frequently Asked Questions about Fuquay-Varina
What is the current state of the Fuquay-Varina, NC housing market?
Based on real-time data, Fuquay-Varina's housing market is somewhat competitive with a score of 52 out of 100. The median sale price of a home in Fuquay-Varina was approximately $468,000 as of October 2023, experiencing a slight decrease of 4.9% from the previous year. On average, homes in the area tend to sell after 41 days on the market.
Is Fuquay-Varina, NC considered a buyer's or seller's market?
As of November 2023, Fuquay-Varina leans towards a buyer's market, with home prices observing a minor decrease and homes spending more time on the market before selling. For instance, the median sold price was down 2.2% to $424,870, and homes averaged 58 days on the market, providing buyers with more negotiation power.
How have home prices changed in Fuquay-Varina, NC recently?
Home prices in Fuquay-Varina have seen varying degrees of change depending on the type of home. In November 2023, 2 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 6.7%, while 3 bedroom and 5+ bedroom homes saw an increase of 0.8% and 4.6%, respectively.
What is the inventory of homes like in Fuquay-Varina, NC?
The inventory in Fuquay-Varina had 116 homes for sale in November 2023, showing a 9.4% decrease from October 2023. The number of homes available varies with the type, with some categories like 2 bedroom homes increasing by 50%, whereas 4 bedroom homes decreased by 14.6%.
How long does it take for homes to sell in Fuquay-Varina, NC?
On average, homes in Fuquay-Varina took about 58 days to sell in November 2023, which is a 39.2% decrease in days on market compared to the previous year. This indicates that while homes are taking somewhat longer to sell than in more competitive markets, the time on market is decreasing year over year, suggesting a steady pace in home sales.