Single Family sales volume continues to be lower vs. 2007 for both monthy and year to date figures, -56% and -33% respectively. YTD figures show an average price sale increase for single family units in Pinehurst of about 2.5%. 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.
Oct ‘08 Oct '07 YTD '08 Same ‘07
Pinehurst Single Family
# Units Sold 15 34 215 321
Average Price $286,233 $276,617 $322,159 $314,437
Avg. Days on Market 146 128 139 129
Pinehurst Condos
# Units Sold 5 7 73 102
Average Price $168,750 $180,892 $212,790 $169,360
Avg. Days on Market 97 68 220 120
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 11/24/08.
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