Cary Ranks #6 of America’s 50 Best Cities to Live

The highly regarded financial news and opinion website, 24/Wall St. has released its annual rankings, supporting your family’s decision to build in the Preston Retreat luxury home community, as Cary placed number six on the list of America’s 50 Best Cities to Live.

The website’s rankings of America’s 50 Best Cities to Live based its final tally and list on five major factors. These items included, population, median home value, poverty rate, percentage of residents with at least a bachelor’s degree, and amenities per 100,000 residents. One deceiving factor in Cary’s number six rating among America’s 50 Best Cities to Live was what appeared to be a higher cost of a home than most in the surrounding area at an average of $298,000. However, with the town’s median household income standing at a lofty $92,000 a year and Cary’s incredibly low cost of living, the median home value figure actually is far more affordable than that of Raleigh or the entire state of North Carolina on average.

In addition to an extremely low poverty rate (7.3 percent) an a higher than average number of residents with at least a bachelor’s degree (61.8 percent), Cary’s high placement among America’s 50 Best Cities to Live was helped gratuitously by its extremely low crime rate, thriving economy, and a competitive and affordable housing market.

The article accompanying 24/Wall St.’s list of America’s 50 Best Cities to Live further explained the factors in Cary being put at number six among all municipalities nation wide, saying, “The nearby Research Triangle Park (RTP), a corporate research center located between UNC-Chapel Hill, Duke University, and NC State, employs much of Cary’s qualified workforce. Only 3.7% of the city’s workforce is unemployed…one of the lowest unemployment rates of any city.” The piece concluded, noting, “Cary is also one of the safest places in America. In the past decade, the city’s population grew 44.9%, one of the largest increases nationwide.”

To see the entire listing and a more in depth analysis of America’s 50 Best Cities to Live, visit 24/7wallst.com.

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Preston Retreat Cordially Invites Realtors to Our “Masterpiece in the Making” Oct. 11 and 18

Preston Retreat

Preston Development Company would like to cordially invite our Realtor friends to be the first to visit the neighborhood “setting the new standard for luxury home communities in Cary,” Preston Retreat.

Please be our guest at our exclusive Parade of Homes realtor event on Tuesday, October 11 from 9:30- 11:00 a.m. for a walk through of our two 2016 Parade entries from Upton & Co. and Wardson Construction, as well as a third open house at a Gray Line Builders model home. Brunch will be served at this event, as Mr. A’s Beignets Food Truck will be on site with made-to-order beignets and fresh, hot coffee for all.

In addition, we will be hosting another walk through of these same spectacular homes on Tuesday, October 18 from 9:30- 11:00 a.m. Brunch will also be served at this showing, with Catering Works serving up an assortment of food and drink.

Come out and enjoy the great live music and entertainment and be a part of our free iPad giveaway as well, just for coming by and checking out Preston Retreat. We would also, like to thank all of the Realtors who stopped out and helped make our first Preston Retreat “Parade of Homes” event a huge success this past Tuesday (October 4).

We look forward to seeing you and introducing you our “Masterpiece in the Making,” Preston Retreat. Please RSVP through the link provided or email lauren@prestondev.com by…and join us and you’ll agree that for a neighborhood a quarter century in the making, Preston Retreat is worth the wait.

(Pictured is our Jay Upchurch of Upchurch Land & Home with our October 4 iPad Giveaway winner!)