Pine Knoll Shores, NC 28512, October 2011 Market Report

Pine Knoll Shores, NC 28512

October 2011 Market Report

When Comparing closed listings from October 2010 (4 unit) vs. October 2011 (3 units), Sales are down 25%. The number of Pending Sales has remained the same year over year comparison. There are still a great number of listings currently available to choose from, but that number has dropped 21.3% over the previous year... This still leaves us with 118 properties currently available on the market. Number of sales are holding pretty steady, inventory is down and prices seem to be stabilizing and actually increasing in some cases.

The average sales price in October 2011 was $525,000 (up 52.94% from 2010), and the average List Price in October 2011 was $589,958 (up 5.91 % from 2010).

Now IS a great time to buy property in Pine Knoll Shores, North Carolina...With so many wonderful properties still available and prices still low, not to mention LOW Interest Rates!