Single Family sales volume continues to be lower vs. 2007 for both monthy and year to date figures, down 66% and 36% respectively. Single family monthly sales volume declined by 33% vs. October figures. YTD figures show an average price sale increase for single family units in Pinehurst of about 1.5%. Condo average sale prices continue to be higher due to the increased sales of new higher end units versus '07. Though the volume decline is significant, prices in the Pinehurst market remain strong.
Nov ‘08 Nov '07 YTD '08 Same ‘07
Pinehurst Single Family
# Units Sold 10 29 225 350
Average Price $293,390 $338,561 $320,881 $316,436
Avg. Days on Market 120 149 138 131
Pinehurst Condos
# Units Sold 8 7 81 109
Average Price $237,617 $213,157 $215,242 $172,173
Avg. Days on Market 254 124 223 120
Information provided by Broker/REALTOR® Todd Kenthack, owner of The Pines Realty. Contact Todd at (910) 603-9050 or by email at Todd@GolfHomesInPinehurst.com .
Source: Pinehurst-Southern Pines MLS as of 12/10/08.
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