Below you’ll find sales statistics for Jan.-Feb. of 2008 vs. the same period prior year. It seems our entire market is down significantly in volume of sales. The decline is more significant than the calendar year ’08 vs. ’07 stats (see earlier blog). The data also shows a more significant decline in single family home average sold prices. However, we continue to see an increase in average sales price of condos, and Pinehurst single family average sold prices are holding firm.  Data from the Pinehurst-Southern Pines MLS as of March 5, 2008.

Pinehurst Sales

                                    1/1/08 to 2/29/08         1/1/07 to 2/28/07

Single Family

# Units Sold                            38                                48

Average Price                  $308,000                     $307,000

Condos

# Units Sold                            7                                 20

Average Price                  $214,000                     $144,000

Moore County Sales

Single Family

# Units Sold                           119                              171

Average Price                  $252,000                     $271,000

Condos

# Units Sold                            26                                36

Average Price                  $180,000                     $161,000