Todd Kenthack, MBA, GRI

Single family home listing and sales activity in the popular Pinehurst No. 6 subdivision continues to be rather slow compared to prior years. Between October 6th and December 1st there were five new* listings with list prices ranging between $239,000 and $542,000. Three properties are pending as of 12/1. And three sales occured between 10/6 and 12/1, with sold prices of $215,000, $322,900 and $343,000. Click here to see more details on the above homes.

Info. About Pinehurst No. 6 - One of the largest and most admired golf communities in town, "No. 6" member residents covet their home course that is also considered a favorite by many members and guests. The course was redesigned by Tom Fazio in 2005. No. 6 member residents enjoy their own clubhouse, pool and tennis courts while having access to all of Pinehurst's club privileges. Though the majority of residences are single family homes, there are townhomes (the new Lamplighter Village, and Juniper Creek) for buyers seeking to avoid exterior maintenance.

The above Pinehurst No. 6 Market Update has been provided by Todd Kenthack, Broker/Owner of The Pines Realty in Pinehurst NC. For assistance with real estate in Pinehurst or anywhere in Moore County NC, you can contact Todd at (910) 603-9050, or by email at Todd@GolfHomesInPinehurst.com.

All data was obtained from the Pinehurst-Southern Pines MLS as of 12/1/08.

* New listings do not include properties that were re-listed after expiring or having been withdrawn in the past 90 days.

Over the last few years there have been several new condo and town home subdivisions developed in Aberdeen, NC, including Lighthorse Trace, The Villas at The Pit, Longwood and Finley Pines. Aberdeen is located in the Southern part of Moore County; a very convenient drive to Camp Mackall and a reasonable commute time to Fort Bragg as well. The current inventory of condo/town home listings within Aberdeen consists of ten properties ranging from $169,900 to $288,900.*

The downtown Aberdeen area is located right near the intersection of Highway's 1 and 5. Aberdeen, originally called Blue's Crossing is very much a historic town; its original residents, the Scottish Highlanders-among the first settlers in all of Moore County-settled the area around 1850. In later years it became well known as a railroad town and for its industry and manufacturing. Today, in addition to homes located in and around the original downtown area, newer homes and townhomes are sprouting up in subdivisions throughout the town. Aberdeen measures a little over 9 square miles and has a population of almost 5,000.

www.townofaberdeen.net

Click Here to see the current condo/town home inventory in Aberdeen, including pictures and details for each active listing.

The above information has been provided by Todd Kenthack, Broker/Owner of The Pines Realty in Pinehurst, NC. Contact Todd anytime at (910) 603-9050, or by email at Todd@ThePinesRealty.com.

* Statistics obtained from the Pinehurst-Southern Pines MLS as of 11/29/08.

Whether you are active military looking to reside in Moore County and have a short commute to Fort Bragg of Pope AFB, or civilian seeking a great golf and lake gated community, Woodlake is worth your consideration.

The community is located in Vass, NC. Vass is in eastern Moore County, very close to Fort Bragg. Woodlake offers residents (through membership) the opportunity to enjoy two 18-hole courses on site (Palmer and Maples courses) and its sister course (The Carolina) located in nearby Whispering Pines. And of course lake activities include boating, fishing and water skiing. The current transfer fee (fee paid by buyers on properties that have a Woodlake active membership) is $6,400; thereafter members can choose the monthly dues program that works best for them.

The current inventory in Woodlake consists of 46 single family homes and 4 condos; list prices range from $149,900 to $879,000.* Click here to check it out for yourself.

For assistance researching options in Woodlake, or anywhere in Moore County, contact Todd Kenthack, Broker/Owner of The Pines Realty. Todd can be reached at (910) 603-9050, or by email at Todd@ThePinesRealty.com.

* Data as of 11/29/08, from Pinehurst-Southern Pines MLS.

These luxury condos, located in the very popular Mid South Club, continue to sell. So far in 2008, statistics from the Pinehurst-Southern Pines MLS show eleven sales, at sold prices ranging from $283,881 to $381,573.* As of the writing of this blog there are three listed at $279,900, $329,900 and $359,900.*

If you are seeking new construction, primarily single level living and a great golf membership, you definitely ought ot check out Camden Villas. Square footage of their plans range from about 1,700 to 1,900 and all have 2-car garages. Some are golf front; the community is surrounded by four holes (1,2,8,9) of the Mid South Course. Prices include a Holly Silver membership with no additional transfer fee. Monthly HOA include your golf membership dues, Mid South HOA and give you access to the recently completed Mid South pool, tennis courts and clubhouse. Access to Talamore course and facilities is included. Click Here to see all available condos/town homes within Mid South.

For more information about Camden Villas in Mid South Club or any real estate in the Pinehurst-Southern Pines area, feel free to contact Todd Kenthack, Broker/Owner of The Pines Realty in Pinehurst, NC. Todd can be reached at (910) 603-9050, or by email at Todd@ThePinesRealty.com.

* Data from Pinehurst-Southern Pines MLS as of November 27, 2008.

As mentioned in previous blogs, the Moore County (and especially Pinehurst) real estate market is faring very well of late when it comes to price stability. Several buyer prospects I have worked with recently have asked me about condo and town home price trends relative to single family homes.

The answer.....average prices for condos and town homes have been up for '08 vs. '07 in every month I've done the YTD comparisons. For instance, as of my latest calculation for the end of October, prices are up about 25% over YTD '07. So, why is this occuring? The answer is this market has seen a quick increase in luxury condos/town homes coming on the market for the past couple of years. Communities such as Lamplighter Village, the Villas at Forest Hills and Cotwold are a few good examples. In years prior the majority of condo sales were comprised of the older and smaller Pinehurst condos built in the 70's.

Prices for these "higher end" units range from the high 200's to the low 400's. Many also have transferrable Pinehurst or other club memberships. Check it out yourself....Click Here to customize your own search.

For assistance with any real estate in Pinehurst or anywhere in Moore County, contact Broker/Owner Todd Kenthack of The Pines Realty at (910) 603-9050, or by email at Todd@ThePinesRealty.com.