A Great Time to Buy a Lot in Pinehurst, NC

It is a great time to buy a lot in Pinehurst NC, especially one that carries with it a transferrable membership to the Pinehurst Country Club. If you are not familiar with Pinehurst, it is the home of the famed Pinehurst golf resort. Pinehurst has 8 courses in all, and 6 of them come with the Pinehurst membership - including Pinehurst No. 2, where the US Open was played in 1999, 2005 and will be played again in 2014. The bottom line is that a membership at Pinehurst rivals a membership at a premium club anywhere in the world. Memberships are available to landowners in Pinehurst - and some of the lots in Pinehurst carry with them a "transferrable membership". That means that the owner of the lot, at the time of purchase, may join the Pinehurst CC for a transfer fee of $12,000 with no further initiation fees. Buying a lot in Pinehurst, therefore, is a great investment if you are a golf enthusiast whether you live in Pinehurst or not. Moreover, if you plan to move to Pinehurst one day, you'll have a lot ready for your new house. The best news is that a Pinehurst Membership lot is a solid investment - and year in and year out, that's proven true. For example, Pinehurst Membership lots sold for an average of $33,000 in 2005, $35,000 in 2006, $50,000 in 2007, and $51,000 in 2008 so far. You hear nightmares about the real estate market all over the country. However, Pinehurst is still a solid investment. You won't get rich flipping real estate here, but you aren't likely to lose. Why? - Value and demand. A Pinehurst Membership lot stayed on the market for about 97 days in 2007. In 2008, the average is down to 86 days - that's from the time a lot is listed until the day it closes. Prices up slightly combined with the ability to sell more quickly than last year - that's a sign of a healthy market. The last good reason to buy a Pinehust lot is that they are likely to surge in price when the US real estate market gets going again, which it will. At the average pricepoint, a Pinehurst Membership lot is a great investment - one that will hold its value and one that you can actually use! For more info about lots in Pinehurst, call us at 800-788-8814 or visit McDevitt Sotheby's International Realty on the web at: http://www.mcdevitttownandcountry.com