Pinehurst, NC Real Estate News

Looking for a condo or town home to buy in Pinehurst with a Pinehurst Country Club membership?  Search for available properties in all of Pinehurst's condo/town home subdivisions including Aronimink, Bretton Woods, Colonial Pines, Cotswold, Juniper Creek, Lakeview, Lamplighter Village, Lawn and Tennis, Linville Gardens, Golf Terrace, Old Town, Merry Wood, Lake Pinehurst, Pine Valley, St. Andrews, Villas at Forest Hills and more.  Click here to check out the current inventory.  This information is updated daily. For more information on Pinehurst area homes, contact Todd Kenthack of The Pines Realty at (910) 603-9050, or by email at Todd@GolfHomesInPinehurst.com.   
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By Linda Breeding
(Keller Williams Realty )
Pinehurst is presently in a slight buyer's market and actually did not see a decrease in our market until early 2008.  Market statistics indicate that homes priced under $350,000 are experiencing better sales volume than homes priced higher. The market price for homes under $200,000 are actually increasing compared to 2007. The following statistics are for homes separated in popular locations within Pinehurst Village Limits. Linda Breeding 910-690-8368 www.RealEstateInPinehurst.com  
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By Linda Breeding
(Keller Williams Realty )
I have so many people ask me, "How's the real estate market?" So I think it's time to discuss the Pinehurst area real estate market and real estate markets in general.  In real estate we are always in a buyer's market, a seller's market, or a neutral market. The neutral markets are usually short term with the buyer's and seller's market being longer term. There are causes for each, as we well know.  Every free market goes through cycles. I do not like to refer to these cycles as a "crash" or other similar terms. It is a cycle and it has happened before and years down the road it will happen again - it is the normal flow of the real estate market.  In the Pinehurst area we are currently in a buyer's market. The inventory is high and buyers are few. When this happens it will naturally dr...
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By Wayne and Lynda Gomillion
(Real Living Hagan Realtors | Pinehurst ~ Southern Pines, NC)
Pinehurst, North Carolina | August 01, 2008 through to August 31, 2008 there were 42 Single Family Homes Sold. The Average Sales Price was $403,374. The Average Days on Market (DOM) was 190. During the same time there were 72 New Listings entering the market with the Average Asking Price $378,424. 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
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By Wayne and Lynda Gomillion
(Real Living Hagan Realtors | Pinehurst ~ Southern Pines, NC)
Please join us for food, fun and fellowship... Meet the builder, register for door prizes and tour a truly remarkable custom four bedroom, four bathroom home featuring a golf front view and too many amenities to list!... The soaring foyer will lead your guests to sophisticated living areas as you entertain in the spacious comfort of a formal dining and dramatic great room accentuated by seventeen foot ceilings, warm hardwoods and gas log fireplace flanked by custom built-ins and bridge with balcony overlook. The gourmet kitchen offers generous work areas with furniture quality cabinetry, granite counter tops and stainless steel appliances, connecting with a casual dining area and grilling porch, the perfect setting for creating wonderful memories of time well spent with friends and fami...
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Sales volume continues to be lower vs. 2007 for both monthy and year to date figures.  YTD figures show  an average price sale decline for single family units in Pinehurst of about 4%.  Condo average sale prices continue to be higher due to the increased sales of new higher end units versus '07.  Sales volume (# of units sold) continues to be lower than '07; about 32% lower year to date for single family units and 26% lower for condos.                                                          July ‘08          July '07           YTD '08        Same ‘07   Pinehurst Single Family # Units Sold                                    28                    40                      154                226 Average Price                          $264,575       $320,047        $311,360      $324,970 Avg...
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By Shannon Stites
(Keller Williams Realty)
 Click the link below to read the entire article from the New York Times Great Escapes section on the village of Pinehurst! http://www.nytimes.com/2008/08/22/greathomesanddestinations/22havens.html?ex=1377144000&en=13147d3fe229aa69&ei=5124&partner=permalink&exprod=permalink   Havens | Pinehurst, N.C. A Genteel Setting With World-Class Golf By STEPHEN WELLS Published: August 22, 2008 Life in the turn-of-the-century New England-style village of Pinehurst, N.C., is a throwback to an era of casual gentility.
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By Wayne and Lynda Gomillion
(Real Living Hagan Realtors | Pinehurst ~ Southern Pines, NC)
Pinehurst Village, North Carolina | July 01, 2008 through to July 31, 2008 there were 35 Single Family Homes Sold. The Average Sales Price was $271,452. The Average Days on Market (DOM) was 162. During the same time there were 64 New Listings entering the market with the Average Asking Price $318,578. For information or property values in your area, visit our website at PinehurstHomeTeam.com 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
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By Linda Breeding
(Keller Williams Realty )
 Old Town Pinehurst As you walk under towering oak trees, along the brick walkways of Old Town Pinehurst you will feel as if you have stepped back in time to the early 20th Century. Founder James W. Tufts, of Massachusetts, starting the development of Pinehurst in 1895 and modeled the town after a quaint New England Village.  Enjoy quaint shops, excellent restaurants and upscale boutiques with an historical flare. Most of the village is in the National Register of Historical Places, including The Carolina Hotel, a national historical landmark, one the oldest wooden structures in existence in the United States. The streets circle around the village, much like a spider web, which was the original layout for the horse and carriage.  You will find the majority of the plan for The Village o...
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Sales volume continues to be lower vs. 2007 for both monthy and year to date figures.  YTD figures show just a slight average price sole decline for single family units in Pinehurst.  Condo average sale prices continue to be higher due to the increased sales of new higher end units versus '07.  Of course sales volume (# of units sold) continues to be lower than '07; about 33% lower year to date for single family units and 27% lower for condos.   Despite the volume declines, prices seem to be holding their own.  Pinehurst continues to reap the benefits of a fairly steady flow of retirees from the north in search of a top notch golf community in a moderate climate.                                                            June ‘08          June '07           YTD '08        Same ‘07   Pin...
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By Linda Breeding
(Keller Williams Realty )
Welcome to the more then 1,200 young golfers and their families this week!  We are excited that you are here for the third addition of the U.S. Kids Golf World Championship Tournament being played in Pinehurst July 30, 2008 - August 3, 2008. Need great places eat? Here are some of the local favorites. This will give you some great ideas. As they always say, "Go Where the Locals Go".  Best Coffee Shop  Stop by the Java Bean Plantation located at 410 SW Broad Street in Southern Pines. This has to be the best place for that morning cup of Jo! You can smell the coffee brewing from across the street! They also have muffins available. Like Mochas? - they make the best.  Best breakfast - Before You Hit the Course  Mac's Breakfast Anytime with five locations in the Pinehurst area is a local fav...
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By Vicki Burton, A local Buyer's Agent - Southport NC Real Estate
(Southport Realty-Southport, North Carolina)
A short drive reaps big rewards......NC Getaways      Two small towns, "both alike in dignity,"  In fair Carolina, "where we lay our scene..."                                                                          Highway 211 begins where the Piedmont meets the "Sandhills" as it intersects Highway 220 in Candor. It ends quite abruptly in Southport, NC at the mouth of the Cape Fear River as it greets the Atlantic. As two small North Carolina towns experiencing huge growth and growing pains, both are top retirement destinations for "snow birds." Their size and demographics are remarkably similar. If you take Highway 211 from here in Southport, 130 miles up the road, a quick jaunt on Highway 5 will bring you into the Village of Pinehurst, to a land of golf and its fabled Pinehurst #2, to...
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Longleaf Country Club Longleaf is located between Pinehurst and Southern Pines on the site of former horse racing track, and the course actually weaves its way through remnants of the original fence around the track.  The 18 hole course is on the easy end of the scale as far as Pinehurst Area courses go.  Pro Tees - 6,600 yards (70.9/124).  Men's Tees - 5,400 yards (65.3/112).  I'm a very average golfer and I played from the Pro Tees - and it actually kept a few of the fairway bunkers out of my reach!  The front and back are totally different, with the front being pretty flat as it weaves through the old race track; and the back is very hilly.  Both are really picturesque.  The best part was the price - $35 for 18 holes including cart after 2 p.m.  It's not much more during the week, an...
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By Linda Breeding
(Keller Williams Realty )
Well my dear clients, Jerry and Betty whom I have been working with for about three years came into town this week ready to buy their house! They are excited as well as I'm excited (in this market we all get excited about selling or buying a house!).  Well, to save me some time Jerry and Betty decided, on their own, to drive by some of the properties that they thought they may like to see. (I didn't tell them to do this but as always they were trying to be sweet and thoughtful), and here's what happened!  As they were pulling out of a driveway and talking about how nice to finally be getting a Pinehurst pine straw yard they felt quit a bang when their car fell in the ditch at the end of the driveway!  The car got stuck up in the air and they started literally crawling out of the passeng...
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By Wayne and Lynda Gomillion
(Real Living Hagan Realtors | Pinehurst ~ Southern Pines, NC)
Foxfire, North Carolina | June 01, 2008 through to June 30, 2008 there were 03 Single Family Homes Sold. with the Average Sales Price of $242,500. The Average Days on Market (DOM) was 115. During the same time there were 10 New Listings entering the market with the Average Asking Price $329,819. For more information or property values in your area, visit our website at PinehurstHomeTeam.com 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  
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By Linda Breeding
(Keller Williams Realty )
Mr. and Mrs. Ancelmo Cruz Walking in FrontGate Properties  JUST MARRIED We all have lots of stories to tell as we are out in this world of selling real estate. I joke with my clients and tell them I have a "story" on every client I have worked with, all happy or funny, of course, but stories all the same. Here is one of my best and it happened today.  Yesterday Ancelmo and Nancy wanted to place an offer on their first home. They had come to me through a FrontGate sign call. As I was writing the offer, very late in the day, they shyly smiled and said, "We are getting married tomorrow."  It totally surprised me. Well, I knew they wanted this to work. Wow, we had our work cut out for us considering the sellers were in Washington State with a three hour time difference.  One hour before th...
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By Linda Breeding
(Keller Williams Realty )
   Here we are STUFFING! With my move to FrontGate there was a lot of marketing to get done and the agents at FrontGate decided we were going to have a "Stuffing Party" for a huge mail-out. Let's face it, all my clients and future clients MUST know where to find me! Here we are stuffing those envelopes - I'm just so happy to have the support of my fellow agents! Nora, Sharon's mom, even joined us. Look at the smiles! Isn't this a great place to be! Everybody helps everybody because if all agents succeed we all benefit. FrontGate follows the Keller Williams business model and we will soon be Keller Williams. The business model recognizes that it is the "agent not the company" that drives business. Everyone shares and everyone helps each other. If you think you might like information on F...
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By Linda Breeding
(Keller Williams Realty )
I am completing my first week with FrontGate Properties and it has been busy! I feel I am with the best real estate firm in the Pinehurst area! My fellow agents, administrative support and the team leader are the best in the industry. I just wanted to say thank you to everyone for supporting me through the transition. Special thanks goes to:  Ross Costanzo, Rebecca Cummings, Peggy Floyd, and Kim Stout - thanks for being there for me through my "big decision" and helping me step by step.  Karen Steelman - Thanks for staying very much on top of everything and keeping everything in perfect order. I couldn't have done it without you! All I can say is you are AWESOME.  Ross Costanzo - Thanks for helping me realize that my belief "it's the agent not the company" is what FrontGate's all about ...
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By Linda Breeding
(Keller Williams Realty )
I am excited about the new path I have recently taken with my real estate career and I want to share this with everyone. The level of professionalism, quality and value I bring to my clients is something I pride myself in and I am constantly looking to improve. During a recent evaluation of my business it became evident to me that if I was to continue to grow as a person and a business owner, I needed to make some changes. A friend of mine introduced me to FrontGate Properties. Frontgate Properties follows the business model of Keller Williams Realty. I soon recognized that FrontGate could offer me the piece of my business model I was missing. To say I am excited is an understatement. FrontGate offers in-depth continuing education taught in the market center for me to take advantage of ...
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By Jamie McDevitt
(McDevitt Town & Country Properties)
The Pinehurst Country Club and golf resort will be hosting the 2008 U.S. Kids Golf World Championship from July 31 - August 2, 2008, followed by the U.S. Kids Golf World Cup.  In addition to Pinehurst, a number of other great local clubs will host competition play, including: Little River Golf Club, Longleaf Country Club, Midland Country Club, Mid Pines Golf Club, Talamore Golf Club, The Country Club of Whispering Pines.  The World Cup will be held on the famed Pinehurst No. 2 course.  Who knows, maybe one of the young competitors will return one day to play in the U.S. Open Golf Tournament at Pinehurst as an adult amateur or professional golfer! Age Groups begin at 6 and under (boys) and 7 and under (girls) up to 12 year old groups for boys and girls.  Qualifying for the tournament is ...
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