Active Homes on the Market in Whispering Pines, NC
2008
As of January 2, 2009, there were 75 Single Family Homes on the market in the greater Whispering Pines area. The price of these homes ranged from a low of $79,900 to a high of $474,000. The median asking price was $304,900 and the average asking price was $293,921.
The number of active Single Family Homes on the market over the last 12 months has fluctuated from a low of 70 in February, 2008 to a high of 98 in May, 2008. This number is dynamic as homes move from one status category to another (active, pending, sold), and should be looked at in a general fashion rather than viewed too literally. In summary, the number of homes on the market in WP at any one time has not fluctuated dramatically over the past 12 months, and our total inventory has not increased significantly as one might suspect. However, we are aware that several homes that did not sell in a reasonable time have been withdrawn from the market, thereby skewing the overall picture of the health of our market. We all know that the nation is in a very difficult economic downturn, and real estate in our area is not immune primarily because many who would like to relocate here cannot sell their homes in other parts of the country.
If you wish to sell your present home and buy another house at the same time, it really does not matter when you sell as you will be affected by the same market conditions on both transactions. If you are in the market just to buy a home, this is the time to find the home of your dreams and a broker with strong negotiating skills and market knowledge who can help you maximize a lifetime opportunity. If you are thinking of selling, but have some flexibility, we suggest you wait a bit longer to place your home on the market. However, if for a variety of reasons you need, or want, to sell at this time, please give us a call and let us help you best position yourself. We helped several Whispering Pines residents do just that last year!
AREA REAL ESTATE PARTNERS
BETSY N. ROBINSON
910-639-0695
ANITA M. EMERY
910-639-1751
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