‘Upscale’: New homes community in West Cary start in the $700,000s
A new upscale community is coming to West Cary with homes starting in the $700,000s.
Arizona-based homebuilder Taylor Morrison is bringing 190 two-story homes to a new community named Young Farm. The single-family homes will start at around $700,000 — slightly higher than the median home price in Cary, which is $665,000 in May, according to Redfin.
The first model homes will be available mid July.
The residential community sits on the corner of Gilmore Bridge Drive and Morrisville Parkway. It’s about a 20-minute drive east to Fenton, a new mixed-used development that opened to much fanfare last year.
The homes will have at least three bedrooms, with some plans offering up to six bedrooms. The square footage will range from 2,700 to 3,500 square feet.
Amenities include a clubhouse, community pool, dog park, tot lot, walking trails, parks, multi-use field and sports courts, featuring pickleball, tennis and basketball.
“We’re offering exceptional new construction at a competitive price point,”said Mike Reynolds, Taylor Morrison’s Raleigh division president, in a release.
Cary’s explosive growth
The Triangle’s housing market is “normalizing,” say experts, after two-plus years of sky-high prices.
In May, the median home price across the Triangle was $410,000, according to data from Triangle Multiple Listing Service, down 2.4% year over year. However, newly constructed home sales spiked 4.1%, the highest jump since March 2022, the agency said, reflecting a growing demand for new build.
Cary is one of the Triangle’s fastest growing inner suburbs as companies and developers flock to the area. As land becomes more scarce, it’s getting pricier and more exclusive.
In March, roughly 38 acres of prime real estate on the periphery of east Cary — one of the last remaining large tracts inside downtown limits — hit the market for more than $1 million an acre.
This story was originally published July 3, 2023 at 6:00 AM with the headline "‘Upscale’: New homes community in West Cary start in the $700,000s."
