Sales volume continues to be lower than 2007, but average prices in Moore County remain strong!                                                      

                                                      March ‘08      March ’07            YTD ’08         Same ‘07 

Moore County Single Family

# Units Sold                                       67                      97                      187                 269

Average Price                         $288,500           $262,801           $264,764       $268,672

Avg. Days on Market                     122                    137                     138                  141

Moore County Condos

# Units Sold                                      15                     20                       45                     56            

Average Price                          $237,912           $197,378           $218,226      $174,047

Avg. Days on Market                      90                     209                     172                  152

Are you looking for a single family home in a more rural setting?  Are you or your spouse in the military and do you want a quick commute to Ft. Bragg?  Perhaps you’re searching for a gated golf and lake community in NC.  Click here to learn why many Moore County home searchers are giving serious consideration to Vass.

Whether you are looking for a primary residence or second home, there are many options to consider in the Moore County home market. Is a golf membership important to you? Do you short-term rental income? What is your price range? Click here to learn more about condo options in Pinehurst and Southern Pines and to search current available properties.

Seven Lakes West is a gated community located about 12 miles west of Pinehurst in Seven Lakes, NC.  Many Moore County home searchers who are looking for both water and golf gravitate to Seven Lakes West.   But you will also find golf front and equestrian properties within this popular 3,000 acre master-planned community. 

Click here for more details and to see current listings inside Seven Lakes West!

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

Current property listings in Southern Pines as of December 30, 2007 include:  120 single family homes ranging from $74,500 to $2,100,000; 12 horse farms ranging in price from $575,000 to $6,250,000;  43 condos or townhomes ranging in price between $99,000 and $355,900; and 75 residential lots ranging in price from $2,600 to $275,000.  (Source of information: Pinehurst-Southern Pines MLS as of 12/30/07.) 

Search Properties in Southern Pines  

Check out a new condo subdivision in Southern Pines at Elk Ridge

See Moore County YTD Sales Statistics

Learn more about some popular Southern Pines, NC golf communities: Camden Villas,  lots in Mid South Club, Talamore , Longleaf and Knollwood Village.

Southern Pines, NC offers plenty to choose from when it comes to properties for sale.  You’ll find historic homes in the Downtown area, more modern traditional homes in subdivisions, horse farms, golf community properties and many options for maintenance free condos or townhomes.  Of course, you always have the option of finding your own lot and building.  Living in Southern Pines puts you close to many popular shopping areas and restaurants.  In addition to all of the shops, restaurants and boutiques that line both sides of the popular ”old town feel” Broad Street, you’re just a short drive to more modern shopping areas in Southern Pines and Aberdeen located along Highway’s 1 and 15/501.   You’re also just a short drive to Pinehurst; the Village of Pinehurst is only a ten minute drive west.  Check out more information on Old Town Pinehurst.

Attention Military Families!  The proximity of Southern Pines to Fort Bragg attracts many military families to the Southern Pines area.  There are several quick routes to the base that cut travel time to between 30 and 45 minutes.  Check out my special offer to  all active duty Military Buyers.

The following information is year-to-date as of 12/27/07 and 12/27/06 from the Pinehurst-Southern Pines MLS.  Medians used for prices and days on market. 

2007                   # Units Sold           Sale Price              List Price           Days on Mkt.

Single Family            1,203   ↓8%          $230,000                 $238,900                     105

Condos/Townhomes   231   ↓9%          $167,500   ↑12%     $172,000                       92

Lots                               537   ↓30%          $52,000    ↑37%     $55,200                      116

 2006                    # Units Sold            Sale Price            List Price           Days on Mkt.

 Single Family             1,309                     $229,000                $234,900                    105

Condos/Townhomes    254                     $150,000                 $155,000                     88

Lots                                768                        $38,000                  $39,900                     118

Though sales volume has declined in all three categories, prices have remained relatively stable for single family homes and have increased for both condos/townhomes and lots.   The sale vs. list price gap has increased for single family homes by about 50% in ’07.  Overall, this raw sales data suggests the Moore County real estate market is faring much better than many other regions througout the country. 

Looking for a reasonable commute to Fort Bragg and a rural community? Check out available homes in Carthage. In addition to the growing number of subdivisions (such as Savannah Gardens and Cabin Branch), there are many resales with nice square footage and larger lots.

Current prices in Savannah Gardens, located of of Highway 15/501 less than 2 miles south of the intersection of Highway’s 15/501 and 24/27, are in the mid to upper $100′s.  Cabin Branch, located off Union Church Road (closer to Ft. Bragg) is a very nice new subdivision with prices ranging between the low $200′s to around $300,000.  

Click here to see what’s currently available in Carthage.