Sales volume continues to be lower vs. 2007 for both monthy and year to date figures. YTD figures show an average price sale decline for single family units in Pinehurst of about 4%. Condo average sale prices continue to be higher due to the increased sales of new higher end units versus '07. Sales volume (# of units sold) continues to be lower than '07; about 32% lower year to date for single family units and 26% lower for condos.
July ‘08 July '07 YTD '08 Same ‘07
Pinehurst Single Family
# Units Sold 28 40 154 226
Average Price $264,575 $320,047 $311,360 $324,970
Avg. Days on Market 129 126 132 133
Pinehurst Condos
# Units Sold 3 6 49 66
Average Price $213,333 $223,979 $217,469 $164,730
Avg. Days on Market 156 99 242 132
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 7/31/08.
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