APEX, N.C. (WNCN) - The fastest growing suburb in America is located right here in our own backyard.
Realtor.com ranks the town of Apex No. 1 in their annual list. The company took into account construction booms, home appreciation and population growth to form their list.
“Higher prices within the nearby city of Raleigh have pushed many cash-strapped buyers into the suburbs,” according to the Realtor.com article. “And Apex's walkable downtown, with a few blocks of storefronts, has made it appealing to city folks.
As a first time home buyer, Nick Jones wanted to focus his house search within the town of Apex.
“There’s a lot of potential in Apex to see growth and to see the value of houses to go up,” said Jones, who recently purchased a townhome within the town limits.
Mike Proctor, owner of Triangle Home Team Reality in Apex, says the rest of the country is now realizing what he and other Apex residents have known for years.
“It’s just such a great place to live,” said Proctor. “So many people are finding out about it, they’re inviting their friends and their family members to move into this area.”
Proctor says the Apex home market is desirable, in part, because of its downtown, its schools and its proximity to I-540 and Research Triangle Park.
“If you drive around this area you’re going to see a lot of open space and a lot of potential for developers,” said Proctor. “I think developers will seize that opportunity and as long as the real estate market nationwide stays strong then Apex will continue to grow.”
Some say they noticed significant growth in Apex since 2015, when Money Magazine named Apex the “Best Place to Live.”
“Ever since then we’ve seen a huge boom in demand for Apex,” said Rebecca Ellis, a realtor with Keller Williams Preferred.
The data from Realtor.com reveals in the past three years, the number of home listings in Apex has increased 307 percent, with the majority of that increase being new construction.
“It’s just exciting to know and think about buying a house and watching it appreciate over time,” said Jones.
And Apex isn’t the only Raleigh suburb seeing rapid growth. Proctor says he wouldn’t be surprised to see Holly Springs and Fuquay-Varina on the list in the near future.
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