September 2013 saw a slight dip in year over year real estate sales in the Pinehurst area compared to the same month in 2012. However, we rebounded in October 2013 with and increase over the same month in 2012.
This graph shows that real estate sales in the Pinehurst area are almost back to their peak levels in 2007. This line goes from Oct. 2007 to Oct. 2013. I have circled the other October points on the graph in between 2007 and 2013. You can see that we are now the closest to the home sales totals of 2007 then any October from 2008-2012.
September was the first month in almost 2 years in which we did not see a year over year growth, we actually saw a slight decrease in gross sales. However, since this was an insignificant decline, and it only happened in one month, then I think we are safe to assume that it was just a random happening and that the Pinehurst area real estate market is continuing to improve.
Our market is influenced by many factors such as those seeking to live near the Pinehurst Resort and Country, and possibly become a member of the club. We also are influenced by retirees, investors and of course, the military at Fort Bragg, The coming of the Men’s and Women’s US Opens to Pinehurst in 2014 are also effecting real estate sales in the area. Additionally, there is a rich equestrian communicant here in Pinehurst and Southern Pines as well as several Lake Communities.