Seven Lakes, NC

Community Profile

Seven Lakes, NC community was developed in 1973 and consists of more then 4,000 acres of rolling pine forests. The gated community offers two club houses with a pool, tennis courts, championship golf course, riding stable and Lake Auman, the largest lake in Moore County. Today Seven Lakes enjoys a mixture of retirees and young professionals and the area is considered one of the fastest growing communities with a population of over 2,000.

Housing Market Update

Dec 01, 2008 through to Dec 31, 2008 there were 05 Single Family Homes Sold. Average Sales Price $266,600. Average Days on Market (DOM) 208. During the same time frame there were 23 New Listings entering the market with the Average Asking Price $316,178.

View the full and printable version of the Housing Market Update at our website and contact us with your questions, comments and referrals.

Thank you for your interest and the privilege of serving you!

With our highest regard,

Wayne and Lynda Gomillion
"The Pinehurst Home Team"

"The friendship and referrals of those we serve is the foundation of our success."

Member of the Real Estate Intelligence Network

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com

Prices and average days on market in Seven Lakes, NC are currently holding steady. 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 Seven Lakes 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

November 01, 2008 through to November 30, 2008 there were 04 Single Family Homes Sold. The Average Price was $302,500 and Average Days on Market (DOM) was 112. During the same time there were 25 New Listings entering the market with the Average Asking Price $355,177.

View the full and printable version of the Housing Market Update at our website and contact us with your questions, comments and referrals.

Thank you for your interest and the privilege of serving you!

With our highest regard,

Wayne and Lynda Gomillion
"The Pinehurst Home Team"

"The friendship and referrals of those we serve is the foundation of our success."

Member of the Real Estate Intelligence Network

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com

October 01, 2008 through October 30, 2008 there were 23 Single Family Homes Sold. The Average Price was $279,897 and Average Days on Market (DOM) was 132. During the same time there were 56 New Listings entering the market with the Average Asking Price $427,729.

Go to www.PinehurstRealEstate.us to download a printable version of the Housing Market Update and contact us with your questions, comments and referrals.

Thank you for your interest and the privilege of serving you!

With our highest regard,

Wayne and Lynda Gomillion
"The Pinehurst Home Team"

"The friendship and referrals of those we serve is the foundation of our success."

Member of the Real Estate Intelligence Network

If you thought Pinehurst was the only spot in Moore County for good golf, think again. Head west a bit on Highway 211 (about 12-13 miles to be exact) and you will be in Seven Lakes, NC. Seven Lakes has three very popular subdivisions: Seven Lakes West, a lake and golf gated community; Seven Lakes North, a gated lake community; and Seven Lakes South, a gated golf community.

Seven Lakes South is the subject of this blog. A bit about the golf course and community features......Residents have the option of joining Seven Lakes Country Club, an 18-hole track designed by Peter Tufts in 1976. In addition to golf privileges, members have access to tennis courts and dining inside its clubhouse. The community is predominantly made up of single family homes, but does have a limited number of townhouses within its gates.

Though Seven Lakes has all the essential stores and services, such as a supermarket, pharmacy, doctors, dentists and a few restaurants, you will need to travel a bit to find more choices. For many buyers who like more privacy and a more rural-like setting, this is an attraction. Excellent healthcare facilities are located about twenty minutes east in Pinehurst. To learn more about FirstHealth as well as other healthcare facilities and schools, click here.

As of the date of this blog, there are currently 26 single family homes listed in Seven Lakes South, ranging in price from $209,500 to $424,000, and one condo listed at $171,900.

Check out the current inventory in Seven Lakes South

The above information was provided by Todd Kenthack, Broker/Owner of The Pines Realty in Pinehurst, NC. Todd regularly works with buyers searching for homes throughout all of Moore County. You can reach him at (910) 603-9050, or by email at Todd@MoveToMooreCounty.com.