2014 Market Report

Moore County

North Carolina

PINEHURST OFFICE – VILLAGE COURT BLDG PINEHURST - 910 295 5504

SOUTHERN PINES OFFICE – CORNER ILLINOIS & BROAD - 910 692 2635

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We are growing and Berkshire Hathaway HS is

growing! Since our conversion to Berkshire

Hathaway HS Pinehurst Realty Group, we

have added 6 new associates, staff and a

Commercial Division. Our national partners

now number over 1075 firms…and still

growing!

WORKING WITH BHHS Pinehurst Realty Group

• Recognized for Quality and Superior Service

• No other real estate competitor can match the wealth of resources and

marketing advantages of Berkshire Hathaway HomeServices

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Management, Investment Property Analysis

The 2014 Market Snapshot:

We had a record number of guests in Moore with the back to back US Open and

US Women’s Open. This moved our numbers up for short term rentals for the

month and weeks of June enormously. The MLS statistics for US Open rentals:

The average rental was $5,526 analyzing some 52 properties that were rented for

the event (NOTE: Many more homes and condos rented but not marketed through

the MLS.) The event did little in terms new real estate sales but the exposure to

Moore County and North Carolina was significant.

The largest growth in the 2014 real estate market has been in residential rentals

with a 31% increase over 2013.

Mortgage rates are still excellent and we see a larger number of homes financed with

VA loans, reinforcing the connection to the military buyer – whether active duty or

veteran.

The military influence in home sales is noted in the large number of new homes

that have been sold and in the areas that are more convenient to Fort Bragg such as

Southern Pines, Carthage, Cameron, Whispering Pines and Aberdeen.

Berkshire Hathaway HS provides us with the

best tools for our customers – this app is just

one of them. Want to know what a house is

selling for? Want to know what a house sold

for? Where the Open Houses are? All at

your fingertips with our FREE Mobile App.

Text to: 87778 and message BHHSNC305.

You will receive a text back with the log on

for your personal MLS resource. Like it on

your phone? You will love it on your tablet,

too.

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MOORE COUNTY MARKET REPORT

2014 & 2013

Moore County Residential Sales and Rentals

Days on Market # of Sales Median Price Average Price Volume

Pinehurst

2014 170 356 $239,950 $287,902 $102,493,291

2013 184 369 $256,000 $302,366 $111,573,162

Southern Pines

2014 145 228 $272,500 $281,902 $64,233,520

2013 167 207 $273,000 $273,538 $56,622,483

Aberdeen

2014 158 161 $202,500 $207,653 $33,432,216

2013 130 126 $190,000 $193,170 $24,339,427

7 Lakes/Foxfire

2014 158 138 $200,000 $243,949 $33,665,003

2013 178 136 $179,950 $230,652 $31,368,713

Whispering Pines

2014 152 126 $247,500 $255,063 $32,137,996

2013 159 140 $265,450 $270,446 $37,862,446

Carthage & Cameron

2014 136 75 $215,000 $182,553 $13,691,493

2013 169 32 $205,127 $185,314 $5,930,070

New Construction in Moore County

2014 162 302 $265,000 $269,971 $81,531,498

2013 152 241 $259,900 $268,033 $64,596,055

Rentals in Moore County

2014 68 552 $1,400 $1,773 $979,115

2013 80 419 $1,395 $1,382 $579,426

Land and Lot Sales in Moore County

2014 314 297 $58,707 $30,000 $18,434,211

2013 297 250 $63,394 $35,000 $18,701,426

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These statistics are from the Pinehurst/Southern Pines Area MLS and are deemed to be reliable but not guaranteed.

CHARTING THE TRENDS IN MOORE COUNTY

ALL PRICE RANGES

The trend lines for the number of listings sold for residential properties shows a normal seasonally adjusted market. This has been a normal pattern for our sales for years. Included in this graph are – all price ranges of residential properties

As the Average Days on the Market graph shows, we have made excellent progress in reducing the average days on the market in the sold category. Pricing a home to sell has always been a critical part of our selling process but is even more so now. Buyers have access to detailed statistics on the homes they view before buying using the internet, these comparisons help them with their base offer and the final negotiations.

CHARTING THE TRENDS IN MOORE COUNTY

ALL PRICE RANGES

Absorption Rate – to determine the absorption rate, we calculate the number of homes sold within a period of time, those results indicate the number of months it takes to sell the inventory in Moore. A six month rate is the sign of a healthy market. We are moving in the right direction.

Sold Price vs. Listings Sold – this graph shows the median and average prices for the homes sold in Moore from Jan – Dec 2014. The number of listings shown are only those newly listed within each month of the year.

2013 & 2014 MOORE COUNTY DATA

The statistics presented in this report are compiled based on figures and data generated by the PSP-MLS. Due to possible reporting

inconsistencies, Days on Market (DOM) should be used to analyze trends only. Property and statistical data is derived from the PSP-MLS and is

solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified.

All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited.

Price Range 2013 2014

1 - 100,000 109 120

101 -200 483 465

201 - 300 429 487

301 - 400 225 208

401 - 500 70 75

501 - 600 28 26

601 - 700 26 14

701 - 800 4 5

801 - 900 2 7

901 - 1,000 2 9

1,001 - 1.5 ml 2 2

1.5 mil + 1 3

Number of Units Sold by Price Range in 2013 and 2014

Days on Market Comparisons by Price Range in 2013 and 2014

Price Range 2014 2013

1 - 100,000 168 182

101 -200 149 167

201 - 300 163 165

301 - 400 171 198

401 - 500 179 167

501 - 600 259 234

601 - 700 369 244

701 - 800 137 271

801 - 900 356 911

901 - 1,000 315 75

1,001 - 1.5 ml 154 815

1.5 mil + 412 457

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Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Information not verified or guaranteed.

If your property is currently listed with a broker, this is not intended as a solicitation. Equal Housing Opportunity.

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e. Southern Pines, NC 28387 Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently red service marks of HomeServices of America, Inc.® Information not verified or guaranteed. If your property is currently listed with a Broker, th

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