A hot topic of late is how bad the real estate market is throughout many parts of the country. The truth is, most markets are actually faring very well. As is usually the case, our media gets a hold of stories and runs with them. An increase in home foreclosures in some markets is automatically interpreted as a nationwide, uncontrollable epidemic! In any case, Moore County, NC is one of many markets doing just fine. The information below certainly shows volume has slowed, but the sales price data show that homes in Moore County are retaining values and, in most instances, increasing in value. Click here to see the same data for Pinehurst.
March ‘08 March '07 YTD '08 Same ‘07
Moore County Single Family
# Units Sold 67 97 187 269
Average Price $288,500 $262,801 $264,764 $268,672
Avg. Days on Market 122 137 138 141
Moore County Condos
# Units Sold 15 20 45 56
Average Price $237,912 $197,378 $218,226 $174,047
Avg. Days on Market 90 209 172 152
Information provided by Broker/REALTOR® Todd Kenthack, owner of The Pines Realty at (910) 603-9050 or by email at Todd@GolfHomesInPinehurst.com.
Source: Pinehurst-Southern Pines MLS as of 4/3/08.
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