Posts Tagged ‘moore county nc homes’

2007 Moore County Real Estate Sales Statistics

Friday, December 28th, 2007

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.