Pinehurst - Southern Pines Real Estate Blog: North Carolina: Pinehurst

Pinehurst, North Carolina is a prestigious golfing destination and internationally recognized as being one of the top 3 in the world. Pinehurst has hosted the PGA US Open in 1999 and 2005 and routinely attracts the top names in golf. Offering world class tennis and spa facilities, exquisite dining options, and luxurious accommodations, Pinehurst offers the best of small town charm and metropolitan amenities, and though Golf is a way of life, visitors and residents enjoy the arts, history, botanical gardens, community festivals and unique village shops, all which combine to make the Sandhills a very special place. Known for its sandy soil and gently rolling hills, the region's mild climate makes outdoor activities a year-round possibility. From the Stoneybrook Steeplechase and the PGA Golf Tour to the Tour-de-Moore bicycling race, there's always something to do.

Housing Market Update

August 01, 2010 through to August 31, 2010 there were 15 Single Family Homes Sold. Average Sales Price of $265,533. Average Days on Market (DOM) was 174. During the same time there were 68 New Listings entering the market with the Average Asking Price $409,319.  Currently there are 444 homes listed sale for sale with the Average Asking Price $527,157.

View a full and printable version of the Housing Market Update at our website and please contact us with your questions, comments and referrals.

• Search the MLS to view all available properties
• Request a free Relocation Report

Thank you for your interest and the privilege of serving you!

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

 Member of the Real Estate Intelligence Network 

"The friendship and referrals of those we serve is the foundation of our success." 

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

The Pinehurst Home Team is pleased to welcome the 2010 U.S. Kids Golf World Championship to the Pinehurst - Southern Pines, North Carolina area, August 5th to the 7th.

Whether you reside in NC or on the other side of the planet, we hope you'll use our site as your starting point for gathering and learning more about our truly remarkable area.

2010 U.S. Kids Golf returns to Pinehurst North Carolina for its sixth international championship and we hope all competitors, families, volunteers and staff from around the world are made to feel welcome as they enjoy this special time and southern hospitality.

Don't forget the 2010 U.S. Kids Golf Pizza Night - 5:30-7:30pm, Thursday, August 5, and join members of the Pinehurst Business Guild in the Village of Pinehurst for pizza, drinks and fun! There will be Wii games, face painting, a balloon artist, Sparky the Firedog and the Pinehurst Farmer's Market will be open until 6:00 pm with live music, local produce and homemade ice cream!

• Search the MLS to view all available properties
• Request a free Relocation Report

Thank you for your interest and the privilege of serving you!

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

 Member of the Real Estate Intelligence Network 

"The friendship and referrals of those we serve is the foundation of our success." 

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

Community Profile

Pinehurst, NC is a prestigious golfing destination and internationally recognized as being one of the top 3 in the world. Pinehurst has hosted the PGA US Open in 1999 and 2005 and routinely attracts the top names in golf. Offering world class tennis and spa facilities, exquisite dining options, and luxurious accommodations, Pinehurst offers the best of small town charm and metropolitan amenities, and though Golf is a way of life, visitors and residents enjoy the arts, history, botanical gardens, community festivals and unique village shops, all which combine to make the Sandhills a very special place. Known for its sandy soil and gently rolling hills, the region's mild climate makes outdoor activities a year-round possibility. From the Stoneybrook Steeplechase and the PGA Golf Tour to the Tour-de-Moore bicycling race, there's always something to do.

Housing Market Update

July 01, 2010 through to July 31, 2010 there were 18 Single Family Homes Sold. Average Sales Price of $329,499. Average Days on Market (DOM) was 206. During the same time there were 58 New Listings entering the market with the Average Asking Price $434,697.  Currently there are 440 homes listed sale for sale with the Average Asking Price $528,525.

View a full and printable version of the Housing Market Update at our website and please contact us with your questions, comments and referrals.

• Search the MLS to view all available properties
• Request a free Relocation Report

Thank you for your interest and the privilege of serving you!

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

 Member of the Real Estate Intelligence Network 

"The friendship and referrals of those we serve is the foundation of our success." 

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

Community Profile

Pinehurst, NC is a prestigious golfing destination and internationally recognized as being one of the top 3 in the world. Pinehurst has hosted the PGA US Open in 1999 and 2005 and routinely attracts the top names in golf. Offering world class tennis and spa facilities, exquisite dining options, and luxurious accommodations, Pinehurst offers the best of small town charm and metropolitan amenities, and though Golf is a way of life, visitors and residents enjoy the arts, history, botanical gardens, community festivals and unique village shops, all which combine to make the Sandhills a very special place. Known for its sandy soil and gently rolling hills, the region's mild climate makes outdoor activities a year-round possibility. From the Stoneybrook Steeplechase and the PGA Golf Tour to the Tour-de-Moore bicycling race, there's always something to do.

Housing Market Update

June 01, 2010 through to June 30, 2010 there were 29 Residential Units Sold with an Average Sales Price of $306,010. The Average Days on Market (DOM) was 200. During the same period of time there were 78 New Listings entering the market and the Average Asking Price was $401,358.

View a full and printable version of the Housing Market Update at our website and please contact us with your questions, comments and referrals.

• Search the MLS to view all available properties
• Request a free Relocation Report

Thank you for your interest and the privilege of serving you!

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

 Member of the Real Estate Intelligence Network 

"The friendship and referrals of those we serve is the foundation of our success." 

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

Today in Pinehurst, North Carolina, and the rest of the United States observes American Flag Day, a tribute to our flag, the ideals it stands for and the sacrifices made to preserve them.

President Woodrow Wilson recognized during his first Flag Day address in 1915 that the freedoms the U.S. flag stands for weren't and never would be free.

The lines of red are lines of blood, nobly and unselfishly shed by men and women who loved liberty more than they loved their own lives and fortunes.

Though merely a piece of cloth, our flag represents the lives of thousands of Americans who have given everything for this nation and the ideals we embrace.

Please be ever mindful of and honor those who serve and protect our liberty and freedom.

For more information about the American Flag go to www.nationalflagday.com For information about Pinehurst - Southern Pines Real Estate and Relocation please visit www.PinehurstRealEstate.us and contact us with your questions and comments.

• Search the MLS to view all available properties
• Request a free Relocation Report

Thank you for your interest and the privilege of serving you!

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

 Member of the Real Estate Intelligence Network 

"The friendship and referrals of those we serve is the foundation of our success." 

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

Community Profile

Pinehurst, NC is a prestigious golfing destination and internationally recognized as being one of the top 3 in the world. Pinehurst has hosted the PGA US Open in 1999 and 2005 and routinely attracts the top names in golf. Offering world class tennis and spa facilities, exquisite dining options, and luxurious accommodations, Pinehurst offers the best of small town charm and metropolitan amenities, and though Golf is a way of life, visitors and residents enjoy the arts, history, botanical gardens, community festivals and unique village shops, all which combine to make the Sandhills a very special place. Known for its sandy soil and gently rolling hills, the region's mild climate makes outdoor activities a year-round possibility. From the Stoneybrook Steeplechase and the PGA Golf Tour to the Tour-de-Moore bicycling race, there's always something to do.

Housing Market Update

May 01, 2010 through to May 31, 2010 there were 20 Single Family Homes Sold. Average Sales Price of $257,988. Average Days on Market (DOM) was 146. During the same time there were 53 New Listings entering the market with the Average Asking Price $518,936.  Currently there are 458 homes listed sale for sale with the Average Asking Price $519,903.

View a full and printable version of the Housing Market Update at our website and please contact us with your questions, comments and referrals.

• Search the MLS to view all available properties
• Request a free Relocation Report

Thank you for your interest and the privilege of serving you!

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

 Member of the Real Estate Intelligence Network 

"The friendship and referrals of those we serve is the foundation of our success." 

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

Community Profile

Pinehurst, NC is a prestigious golfing destination and internationally recognized as being one of the top 3 in the world. Pinehurst has hosted the PGA US Open in 1999 and 2005 and routinely attracts the top names in golf. Offering world class tennis and spa facilities, exquisite dining options, and luxurious accommodations, Pinehurst offers the best of small town charm and metropolitan amenities, and though Golf is a way of life, visitors and residents enjoy the arts, history, botanical gardens, community festivals and unique village shops, all which combine to make the Sandhills a very special place. Known for its sandy soil and gently rolling hills, the region's mild climate makes outdoor activities a year-round possibility. From the Stoneybrook Steeplechase and the PGA Golf Tour to the Tour-de-Moore bicycling race, there's always something to do.

Housing Market Update

April 01, 2010 through to April 30, 2010 there were 25 Residential Units Sold with an Average Sales Price of $241,800. The Average Days on Market (DOM) was 175. During the same period of time there were 80 New Listings entering the market and the Average Asking Price was $428,011.

View a full and printable version of the Housing Market Update at our website and please contact us with your questions, comments and referrals.

• Search the MLS to view all available properties
• Request a free Relocation Report

Thank you for your interest and the privilege of serving you!

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

 Member of the Real Estate Intelligence Network 

"The friendship and referrals of those we serve is the foundation of our success." 

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

Conducted in March 2009 and including answers from 1,930 usable responses. The survey controlled for age and income, based on information from the larger 2009 NAR Profile of Home Buyers and Sellers, to limit any biases in the characteristics of respondents.

Existing- and new-home transactions in 2009, vacation-home sales rose 7.9 percent to 553,000 last year from 513,000 in 2008, while investment-home sales fell 15.9 percent to 940,000 in 2009 from 1.12 million in 2008. Primary residence sales rose 7.1 percent to 4.04 million in 2009 from 3.77 million in 2008.

The market share of homes purchased for investment was 17 percent in 2009, down from 21 percent in 2008, while the vacation-home share rose a percentage point to 10 percent. The total share of second homes declined from 30 percent of sales in 2008 to 27 percent last year. "First-time buyers were at record levels in 2009 with fewer sales of second homes," Yun said.

The median transaction price of a vacation home was $169,000 in 2009, compared with $150,000 in 2008. "The higher vacation home price may reflect increased sales in higher priced markets, particularly in areas of Florida and California where prices became highly attractive for buyers over the past year," Yun said.

Half of vacation homes purchased last year were in the South and seven out of 10 were detached single-family homes.

The median investment property sold for $105,000 last year, down 2.8 percent from $108,000 in 2008. There were more investment sales in the West in 2009, consistent with reports in California of a high share of all-cash purchases, notably in lower price ranges.

The distribution of investment sales was fairly close to the distribution of population: 35 percent in the South, 25 percent in the West, 24 percent in the Midwest and 16 percent in the Northeast. There was a higher share of condos in investment sales: 27 percent of investment homes were condos vs. 21 percent of vacation homes.

Similar to 2008, cash factored strongly in the second-home market: three out of 10 vacation-home buyers in 2009 paid cash for their properties, while half of investment buyers paid cash. Fairly similar ratios for each group indicated portfolio diversification or good investment opportunities were factors in the purchase decision.

The typical vacation-home buyer in 2009 was 46 years old, had a median household income of $87,500, and purchased a property that was a median distance of 348 miles from their primary residence; 34 percent were within 100 miles and 40 percent were more than 500 miles.

Investment-home buyers last year had a median age of 45, earned $87,200, and bought a home that was relatively close to their primary residence - a median distance of 24 miles. Roughly one in four investment buyers purchased more than one property in 2009.

Demographically, the long-term demand for second homes look favorable because large numbers of people are in the prime years for buying a second home. "Historically, people become interested in buying a second home in their mid 40s," Yun said. "The large number of people who are now in their 30s and 40s will dominate the second-home market in the coming decade with a strong underlying demand, although sales in a given year will vary depending on the economy. Mortgage lending for second homes was extraordinarily tight in 2009 but it is likely to ease a bit in 2010."

Currently, 40.1 million people in the U.S. are ages 50-59 - a group that dominated sales in the first part of the past decade and established records for second-home sales. An additional 44.4 million people are now in the primary buying demographic of 40-49 years old, and another 40.6 million are 30-39.

Buyers were more likely to purchase investment homes within a metropolitan area, while vacation homes were generally located in a rural area, small town or resort.

Search and view suitable homes and condominiums in the Pinehurst - Southern Pines, North Carolina area.

Contact us Now for more information!

• Search the MLS to view all available properties
• Request a free Relocation Report

Thank you for your interest and the privilege of serving you!

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

 Member of the Real Estate Intelligence Network 

"The friendship and referrals of those we serve is the foundation of our success." 

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

The Hastings Gallery is located in Boyd Library lobby of Sandhills Community College in Pinehurst, North Carolina

The Hastings Gallery, housed in the library, displays exhibits of art, photographs, crafts, and other  artifacts.

Admission is free and the Gallery is open Monday to Saturday during regular Library hours. Call for more information (910) 692-6185 or visit our go to: http://www.sandhills.edu/library/hastings.php

The Current Exhibit: Photographs Across the Atlantic

The Sandhills Photography Club of Moore County and Photographers from Newry, Northern Ireland are exhibiting photographs about "What We Love About Where We Live." This is the first joint venture of our two International Sister Cities and a great opportunity to showcase our area with our new partners in Newry, Northern Ireland.

Sandhills Community College
3395 Airport Road, Pinehurst, NC 28374
Tel. (910) 692-6185 or (800) 338-3944
Website: http://www.sandhills.edu

• Search the MLS to view all available properties
• Request a free Relocation Report

Thank you for your interest and the privilege of serving you!

With our highest regard,                                                           

Wayne and Lynda Gomillion
Trusted Names in Real Estate

 Member of the Real Estate Intelligence Network 

"The friendship and referrals of those we serve is the foundation of our success." 

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog