Pinehurst Home Sales Statistics as of December 31, 2008 | Real Estate in Pinehurst NC

Real Estate Agent with The Pines Realty

So, what is happening with home prices in the popular golf town of Pinehurst, North Carolina?  The numbers below give you monthly comparisons for single family and condos inside Pinehurst for December '07 and '08, as well as annual comparisons. 

Since we have complete calendar year data, let's focus on the annual figures.  Single Family sales volume for 2008 in Pinehurst was down 36% from 2007.  However, the average sold price is up just a bit for 2008 at about 1.2%.  This data suggests that the Pinehurst market has fared very well vs. many other regions throughout the country.  Yes, we have slowed, but so far it has not had a negative impact on prices.  For condos, the data you see has been influenced by the increase in higher end new condos  and town homes sold in the Pinehurst market in communities such as Cotswold, Lamplighter Village and the Villas at Forest Hills.   


                                                     Dec ‘08          Dec '07                2008             2007


Pinehurst Single Family

# Units Sold                                    17                    30                      242                380

Average Price                          $285,058       $290,996        $318,364      $314,428

Avg. Days on Market                   102                  150                    135                132


Pinehurst Condos

# Units Sold                                     4                         13                      85                 122

Average Price                          $182,000         $249,676        $213,678      $180,431

Avg. Days on Market                    127                     121                   219                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.comClick Here to search for all types of properties in the Pinehurst, North Carolina market. 

Source:  Pinehurst-Southern Pines MLS as of 1/5/09.

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