We saw great gains in real estate sales for the Pinehurst area of North Carolina with a 25% increase over 2012 homes sales.
As you can see by the chart that we still haven’t reached the same level of real estate sales in the Pinehurst area that we had back in 2007. However, the trends are looking pretty good. Though December did see a bit of a drop of the same month in 2012, overall the real estate sales for the entire area saw 25% increase over gross home sales in 2012.
December 2012 also saw a dip in the average price of homes sold, but the number of homes that sold in the Pinehurst area was greater in the same month for 2013. In fact, only 2 months in 2013 saw home sales below the same period in 2012 which is a strong sign that the real estate market is recovering nicely.
Now on to 2014 and we are so excited about the Men’s and Women’s US Open coming in June to the Pinehurst Resort and Country Club. The exposure should be wonderful for the entire area including the real estate market. If you’re thinking of buying, sooner would be better that later!