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HORSE FARMS "ACTIVE ON THE MARKET" IN MOORE COUNTY, JUNE 1, 2008 LOWER BY 8 OVER LAST FOUR MONTHS

By
Real Estate Broker/Owner with Everything Pines Partners, LLC. 232722

The Pinehurst - Southern Pines Area Association of Realtors' Multiple Listing Service carried 43 Active Listings for Horse Farms within Moore County as of June 1, 2008.  Of those listings, 21 were located in Southern Pines while 4 were located in Vass and 5 were located in Carthage.  The others were located in Aberdeen (1), Cameron (3), Foxfire (2), Pinebluff (1), Pinehurst (4), Robbins (1), and Whispering Pines (1).  The price of these Horse Farms ranged from a low of $118,500 to a high of $6,950,000, with the average price equal to $1,226,883  and the median price equal to $775,000.  The average number of days these listing were on the market ran 248, while the median number of days ran 223.   This is 8 fewer Horse Farms on the market than on February 1, 2008, with the average number of days on the market increasing only 9 days, although the median number of days has increased 38 days.

The information for previous months is as follows:

The Pinehurst - Southern Pines Area Association of Realtors' Multiple Listing Service carried 45 Active Listings for Horse Farms within Moore County as of May 1, 2008.  Of those listings, 22 were located in Southern Pines while 5 were located in Vass and 6 were located in Carthage.  The others were located in Aberdeen (1), Cameron (2), Foxfire (2), Pinebluff (1), Pinehurst (4), Robbins (1), and Whispering Pines (1).   The price of these Horse Farms ranged from a low of $159,000 to a high of $6,250,000, with the average price equal to $1,204,411  and the median price equal to $775,000.  The average number of days these listing were on the market ran 266, while the median number of days ran 235.

This compared to 47 Active Listings for Horse Farms within Moore County as of April 1, 2008.  Of those listings, 25 were located in Southern Pines while 6 were located in Vass and 6 were located in Carthage.  The others were located in Aberdeen (1), Cameron (1), Foxfire (2), Pinebluff (1), Pinehurst (3), Robbins (1), and Whispering Pines (1).  The price of these Horse Farms ranged from a low of $159,000 to a high of $6,250,000, with the average price equal to $1,205,759  and the median price equal to $795,000.  The average number of days these listing were on the market ran 287, while the median number of days ran 244.

 As of March 1, 2008, the Pinehurst - Southern Pines Association of Realtors' Multiple Listing Service carried 50 Active Listings for Horse Farms within Moore County.  Of those listings, 25 were located in Southern Pines while 7 were located in Vass and 6 were located in Carthage.  The others were located in Aberdeen (2), Cameron (1), Foxfire (3), Pinebluff (1), Pinehurst (3), Robbins (1), and Whispering Pines (1).   The price of these Horse Farms ranged from a low of $159,000 to a high of $6,250,000, with the average price equal to $1,169,094  and the median price equal to $780,000.  The average number of days these listing were on the market ran 254, while the median number of days ran 212.

As of February 1, 2008, the Pinehurst - Southern Pines Association of Realtors' Multiple Listing Service carried 51 Active Listings for Horse Farms within Moore County.  Of those listings, 26 were located in Southern Pines while 7 were located in Vass and 6 were located in Carthage.  The others were located in Aberdeen (2), Cameron (1), Foxfire (3), Pinebluff (1), Pinehurst (3), Robbins (1), and Whispering Pines (1).  The price of these Horse Farms ranged from a low of $159,000 to a high of $6,250,000, with the average price equal to $1,163,817  and the median price equal to $785,000.The average number of days these listing were on the market ran 239, while the median number of days ran 185.

  To obtain more information about these statistics, and to search for these listings on line, please visit http://www.arearealestatepartners.com

 This information is deemed reliable but is not guaranteed.  

Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota/Wisconsin Real Estate Expert

Great detail in your post.  Have a great weekend.

Jun 07, 2008 04:07 AM