Sales volume continues to be lower vs. 2007 for both monthy and year to date figures.  YTD figures show just a slight average price sole decline for single family units in Pinehurst.  Condo average sale prices continue to be higher due to the increased sales of new higher end units versus ’07.  Of course sales volume (# of units sold) continues to be lower than ’07; about 33% lower year to date for single family units and 27% lower for condos.  

Despite the volume declines, prices seem to be holding their own.  Pinehurst continues to reap the benefits of a fairly steady flow of retirees from the north in search of a top notch golf community in a moderate climate.    

                                             June ‘08          June ’07           YTD ’08        Same ‘07

Pinehurst Single Family

# Units Sold                                25               35                    126               189

Average Price                          $281,576       $325,814          $321,757      $329,531

Avg. Days on Market                   119             110                    132                135

Pinehurst Condos

# Units Sold                                10                13                    46                  60

Average Price                          $198,088      $164,461          $217,739       $158,805

Avg. Days on Market                   218              101                   248               136

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 6/30/08.