Pinehurst, NC

Prices and average days on market in Pinehurst, NC are currently holding steady. Compared to the fourth quarter of 2007 there have been over 50% fewer sold properties. The current level of inventory compared to units sold in the fourth quarter is creating a higher than normal absorption rate. The high absorption rate signifies that Pinehurst is in a buyer's market.

Note: Absorption rate is used to follow market trends. It is the number of weeks it will take to sell current inventory at the rate of present sales. Absorption rates can change rapidly due to seasonal adjustments.

More than 7 months of inventory signifies a buyer's market.

5 to 7 months is a neutral market.

Less than 5 months is a seller's market.

Linda Breeding

910-690-8368

www.RealEstateInPinehurst.com

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.com . Click Here to search for all types of properties in the Pinehurst, North Carolina market.

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

When those gray days of winter are here I sure miss the spring and summer flowers. So what better way to beat the winter time blues than with a little indoor gardening? Orchids have been my "calling" and through most of the winter I have a couple of orchid plants blooming. Of course an orchid is about the only flowering house plant I can have because my "dear" cat will eat everything else. I thought I would share a couple of pictures of my favorites.

Now most people think orchids are difficult which they really are not. It's just that there are so many different varieties that all require different care. Yes, there are "tricks of the trade" but once you understand them, they are really rather easy.

Now the amusing thing, I get phone calls on how to take care of orchids right along with the phone calls on how to sell and buy Pinehurst real estate. I really love helping people with their orchids and have been known to adopt a non-blooming orchid and nurse it until it blooms again. Do you live in the Pinehurst area and think you would like to visit an orchid greenhouse? Make sure you stop by Seagrove Orchids. It's a short 25-30 minutes from Pinehurst. Linda (the owner) always has something blooming and some very interesting varieties that you will not find in the retail stores.

Linda Breeding

910-690-8368

www.RealEstateInPinehurst.com

If you are considering buying a Pinehurst NC Home or if you already live in the Pinehurst Southern Pines area, there's plenty to do right here in Moore County. But, Pinehurst is only about an hour from the "Research Triangle" and Raleigh, Durham and Chapel Hill. So, if you decide to branch out at little, there are some wonderful day trips you can take if you have half a day to spare. Here's a list of our favorites: Pinehurst NC Day Trips

For more information about Pinehurst Real estate or homes for sale in the Pinehurst MLS, which includes Southern Pines Real Estate, check out our website at: http://www.mcdevitttownandcountry.com or give us a call at 800-788-8814.

FrontGate Properties opened their doors a short 1 ½ years ago and we have just had our application approved to become Keller Williams of Pinehurst.

It all started when owner Kim Stout saw a need, a need for a real estate firm that was different. A firm with a business model that strives to train and help each individual agent become ALL they are capable of becoming. Keller Williams Pinehurst now has five owners and 53 agents. We are the largest real estate firm in Pinehurst!

I look back on when I started with FrontGate Properties - soon to be Keller Williams and I knew I had to do something different to grow my business. I was nervous making the change and wondered if all I was being told would really work. I hung on every word on what to do and when to do it from the team leader, owners and my fellow agents. I did exactly what I was told (well almost everything). Six months later I can happily say, this was the BEST move I could have made! My business has increased substantially. I am also in an environment where everyone helps everyone, we share our ideas and we have ongoing training for the taking.

Here we are! The announcement was made that we are now Keller Williams at our Christmas party. Janet Faulk, Regional Director of Keller Williams of the Carolinas, was there to help us celebrate!

Thanks Kim for having the dream and the insight of a real estate firm that DOES make a difference. Also, thanks to the other four owners Mike, Peggy, Rebecca and Tammy for all your hard work and daily motivation to make Keller Williams Pinehurst a reality. I'm looking forward to Keller Williams Pinehurst being #1 in the Pinehurst area next year!

Everyone have a Merry, Merry Christmas! You know all of us at Keller Williams Pinehurst are having the Merriest Holidays of all!