Market Overview

Market Overview

2019  Newsletter

“2018 Market Overview”

In 2018 the single family housing market in Pinehurst saw a 17.4% increase in the total number of homes sold. More importantly we broke the 600 threshold of homes sold in one year since the peak years of 2005/2006 whereas 565 were sold in each of those two years.  There were 510 homes sold and closed in 2016 versus 457 for the year 2015. The average selling price of $303,954 was actually down a little from 2015.  The vast majority of homes sold and closed in 2016 (417 houses or 82%) sold from $75,000 to $400,000. In the $400,000-$500,000 range 48 homes were sold, in the $500,000-$800,000 range 39 were sold and in the $800,000 and up range 6 homes were sold. Overall the upper end market ($400,000 and up) increased by 15% (93 sold in 2016 versus 81 sold in 2015).

Village Properties has earned the confidence of many home buyers and sellers over the past 42+ years by having the reputation of offering the best professional real estate services available. Please feel free to give us a call or stop by the office to see what we can do for you. We look forward to hearing from you soon.

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