Pine Knoll Shores, NC 28512, February, 2012 - Market Report

Real Estate Agent with Pine Knoll Shores Realty NCRE# 242843

Pine Knoll Shores, NC 28512

February, 2012 - Market Report

Pine Knoll Shores Market Report

When Comparing closed listings from February 2011 (3 units) vs. February 2012 (2 units), number of sales are down.   The number of Pending Sales has increased  200%, year over year comparison. There are still a great number of listings currently available to choose from,  but that number has dropped 12.5% over the previous year... leaving Pine Knoll Shores with 119 properties currently available on the market.  Number of sales are up year to date, inventory is down and prices seem to be stabilizing.

The average sales price in February 2012 was $198,000 (down .98% from 2011), and the average List Price in February 2012, was $498,748 (down 10.13% from 2011).

Home for sale in Pine Knoll Shores

Now IS a great time to buy property in Pine Knoll Shores, North Carolina... With so many wonderful properties still available and prices still low, not to mention LOW Interest Rates!

Comments (1)

Ellen Caruso
Daniel Gale Sotheby's International Realty - Glen Head, NY

Amy, very well explained the market trends in Pine's to things moving in the spring!

Mar 21, 2012 12:08 PM