Winter 2012 Market Update
Interest rates are fantastic, so there is no better time than now for buyers to find attractive housing that they can afford. The area is the golf capital of the world. It is also a major equestrian center that is home to a large resort and retirement community.

Average Home Price $218,253 - View Graph Trend
Average Price Compared to Last Year Up from last year
Average Time on Market More than 120 days
Prices As % of Asking Price 95-100%
Market Trend Increasing
Buyers’ or Sellers’ Market More sellers than buyers
Multiple Offers?Yes
Housing Inventory Good supply - Some Prices
Greatest Activity First time, move-up and repeat buyers, single-family homes, condos/townhome
Reason to Buy/Sell Good economic news
Nearest Metro AreaRaleigh, NC
Housing Hot SpotsPinehurst
Average Sold Price $218,253 - View Graph Trend

Aberdeen and Pinebluff Local News

Local Summary: Unlike many markets across the country, the supply of available inventory is good. Prices are increasing with listings averaging three-plus months on the market. While there are currently more sellers than buyers, the market is heating up.


Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Adam and Karin Piergallini
Adam and Karin Piergallini
     910-603-1036
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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.61%
  15 yr. jumbo rate:  3.97%

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CENTURY 21 Prime Properties
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  910-603-1036




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