Pine Knoll Shores, NC 28512 - 2011 Market Report

Pine Knoll Shores, NC 28512

2011 Market Report

When Comparing closed listings from 2010 (33 units) vs. 2011 (52 units), Sales are up 57.6%. The number of Pending Sales has increased 56% year over year comparison. There are still a great number of listings currently available to choose from, but that number has dropped 11.1% over the previous year... leaving Pine Knoll Shores with 121 properties currently available on the market. Number of sales are up, inventory is down and prices are starting to level out and even increase in some communities. It certainly hasn't been a record breaking year for real estate in Pine Knoll Shores, but it has definitely been much better.

The average sales price in 2011 was $398,315 (down 13.6% from 2010), and the average List Price in 2011 was $500,354 (down 10.14 % 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!

If you are thinking about selling your property in Pine Knoll Shores, remember to price it right.... Things are selling, but you are not going to get 2005 prices! Call Pine Knoll Shores Realty for a Comparative Market Analysis.