Pinehurst Real Estate Market Report – The Lake Community of Seven Lakes West

by pinehursthomes on September 18, 2011

Pinehurst area real estate offers many options including gated lake communities and here is a market report for Seven Lakes West.

Pinehurst Are real estate water front in Seven Lakes WestSeven Lakes West is a gated lake community surrounding the largest and nicest lake in the area called Lake Auman. Lake Auman is just under 1,000 acres and is large enough for water skiing, pontoon boating, and is also enjoyed by many for fishing, kayaking and swimming.

Seven Lakes West t is located minutes from the Village of Pinehurst and also has a country club located within the gates called Beacon Ridge with an 18 hole golf course, pool and tennis courts. The community also has another pool and additional tennis courts for residents who may or may not choose to join the country club.

The real estate offered in Seven Lakes West includes lake front homes and golf front homes and what is known as interior homes. All homes can have access to the lake and the lake front homes can have their own private dock.

This year as of September 16, 2011 here is the number of homes sold and pending sale in Seven Lakes West:

26 Homes Sold – 8 Water Front and 3 Golf Front
2 Homes Pending  – 1 Water front and 1 Golf Front
5 Pending with contingencies – all interior homes

Please contact me for the details of these homes sold.

Below are some links to the available homes in Seven Lakes West:

Pinehurst Area Real Estate – Seven Lakes West Water Front Homes
Pinehurst Area Real Estate – Seven Lakes West Golf Front Homes
Pinehurst Area Real Estate – All Homes in Seven Lakes West

Pinehurst real estate homes sales have been relatively slow for the past 3 years. Seven Lakes is no exception though we have seen a slight increase in the number of sales this year over the same time last year. However, on average the price of homes have dropped about $10 per square foot compared to the same period year to date as last year. With the current rate of sales compared to the total available homes of 56 we have about 2 years of inventory

Pinehurst area real estate is like all markets in that you must consider each neighborhood and community separately to determine  the conditions of each micro-market. Seven Lakes West is holding steady with slight decreases in home values though the number of sales is not declining.

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