$700K+ is not a "discount option" in Apex. It's at the high end of the market. Average new construction (let alone existing home sales) in the area is probably

$700K+ is not a "discount option" in Apex. It's at the high end of the market. Average new construction (let alone existing home sales) in the area is probably around $400K for a 2500 sf house. The house in question is probably over 4000 sf on a decent sized lot (most lots for new construction are under 1/4 acre) and built by one of the "luxury" homebuilders like Toll Brothers. Definitely still depends on the area within the town/city, but Apex in general is still cheaper than Raleigh comparing neighborhoods of similar demographics. E.g., $500K gets you 6bed/4bath 3700sf in this neighborhood of relatively new homes in Apex: https://www.redfin.com/NC/Apex/2851-Lumber-River-Trl-27502/home/105542900 https://www.redfin.com/NC/Apex/2851-Lumber-River-Trl-27502/h... vs. close to $1Mil for 3500sf in North Hills, one of the most desirable suburban-ish neighborhoods within the Raleigh city limits: https://www.redfin.com/NC/Raleigh/118-Lake-Boone-Trl-27608/home/146729901 https://www.redfin.com/NC/Raleigh/118-Lake-Boone-Trl-27608/h...