If you are in the real estate market for a luxury home in Pinehurst this may be the best time to buy as it is still a buyer’s market for the higher end home. This is one of many spectacular views you can expect when buying a home in Pinehurst. This is on the No. 7 course and this home is in The Fairwoods on 7 neighborhood. When you are in the Fairwoods neighborhood, golf course views can include No. 7 as well as No. 4 and the most famous of the courses here in Pinehurst, No. 2!
In 2016 9 homes were sold in The Fairwoods on 7 with an average price of $680,000 at $179 per square foot (That’s an average of 3798 square feet). 3 lots were sold in 2016 at an average of $246,667.
In order for there to be more balance in this high end market in Pinehurst would be for some of the prices to come down and an increase in buyers willing to pay more for that just right property. With stock prices being so elevated from their lose in 2008, maybe now is a good time to invest in a home on or near one of the world most renowned golf courses, Pinehurst No. 2!