Sandhills Real Estate November 26, 2010

8
Use the Pinehurst-Southern Pines Area Association of Realtors’ ® website for complete information on properties listed for sale in Moore County, Find a Moore County Realtor ® , Real Estate Information and Tools plus much, much more. CHECK PAGE 3 FOR CHECK PAGE 3 FOR Prudential Gouger O’Neal & Saunders Open Houses New Listings Price Reductions ©2010, An independently owned and operated member of Prudential Real Estate Affiliates, Inc. Prudential is a registered service mark of The Prudential Insurance Company of America. Equal Housing Opportunity. 139889 Wonderful 4BR/3.5BA family home! Eat-in ktchn w/pantry & solid surface counters opens to Great rm. $325,000 Carol Haney 910.315.5013 910.692.2635 137816 Single level 3BR/2BA w/Fam Rm, Hrdwd, Basement Storage. PCC available. $315,000 Linn Ardner 910.295.0800 / Marie O'Brien 910.295.2660 910.295.5504 137967 Spacious home in Donald Ross area. 1-Acre manicured lot. See: www.7ParsonRoad.com $348,500 Frank Sessoms 910.639.3099 910.295.5504 136787 UNBEATABLE PRICE! Better than New! Open plan. Carolina Room. 4BR/2.5BA. $315,000 Donna Chapman 910.783.6061 910.692.2635 w w w w w w . . p p r r u u d d e e n n t t i i a a l l p p i i n n e e h h u u r r s s t t . . c c o o m m . . . . . . Y Y o o u u r r M M o o v v e e . . . . . . will be easier with a Prudential Real Estate Sales Professional. Get the free mobile app at http://gettag.mobi Smartphone Users - Quick and easy, one step straight to the real estate listings you most want to see . . . on your smartphone! It’s as easy as taking a picture! In fact, that’s all you do! PINEHURST PINEHURST-BUILT IN ‘04 PINEHURST #6 PINEHURST UNIT 2 GREAT HOME FOR SALE IN WHISPERING PINES 3-4BD/2BA on 1.25 AC lot. Den could be 4th BD. Features include: Vaulted & Trey ceilings; Family Room w/ fireplace; Dream kitchen w/Zodiac counters & stainless steel appliances; Spacious front & back porches: Owner may consider rental. Offered at $319,900. Call Paula for a preview. P Pa a u u l l a a E E s s p p e e P P r r o o p p e e r r t t i i e e s s Paula P. Espe, Broker 910-315-5622 www.paulaespe.com Member Firm Call Debbie Darby Broker/REALTOR Direct: 910.783.5193 Member Firm PINEHURST .... IT’S A LIFE STYLE 8 Raleigh Drive….Newly Listed 3BR/2BA. Brick Residence on a Lovely Lot in Pinehurst. Hardwood and Tile Throughout, Fireplace, Meticulously Maintained. Granite in Kitchen, New Heat Pump in 2004. Over 1800 Sq. Ft. of Turn Key Perfection. A Great Full or Part Time Residence. Transferable Pinehurst & Fairwoods #7 Memberships Available. Separate Golf Cart Entry to Garage. Offered at $267,000. Call Debbie 910-783-5193. Buyer can have 1st. Rt. Of Refusal on Vacant Adjoining Lot.

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Sandhills Real Estate November 26, 2010

Transcript of Sandhills Real Estate November 26, 2010

Page 1: Sandhills Real Estate November 26, 2010

Use the Pinehurst-Southern Pines

Area Association of Realtors’®

website for complete

information on properties

listed for sale in Moore County,

Find a Moore County Realtor®,

Real Estate Information

and Tools plus much, much more.

CHECK PAGE 3 FORCHECK PAGE 3 FORPrudential Gouger O’Neal & Saunders

√ Open Houses√ New Listings√ Price Reductions

©2010, An independently owned and operatedmember of Prudential Real Estate Affiliates, Inc.Prudential is a registered servicemark of ThePrudential InsuranceCompany of America. Equal HousingOpportunity.

139889 Wonderful 4BR/3.5BA family home! Eat-inktchn w/pantry & solid surface counters opens toGreat rm. $325,000

Carol Haney910.315.5013 910.692.2635

137816 Single level 3BR/2BA w/Fam Rm, Hrdwd,Basement Storage. PCC available. $315,000

Linn Ardner 910.295.0800 / Marie O'Brien910.295.2660 910.295.5504

137967 Spacious home in Donald Ross area. 1-Acremanicured lot. See: www.7ParsonRoad.com$348,500

Frank Sessoms910.639.3099 910.295.5504

136787 UNBEATABLE PRICE! Better than New! Openplan. Carolina Room. 4BR/2.5BA. $315,000

Donna Chapman910.783.6061 910.692.2635

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.... .... ....YYYYoooouuuurrrr MMMMoooovvvveeee .... .... ....will be easier with a Prudential Real Estate Sales Professional.

Get the free mobile app athttp://gettag.mobi

Smartphone Users - Quick and easy, one step straight to the realestate listings you most want to see . . . on your smartphone!

It’s as easy as taking a picture! In fact, that’s all you do!

PINEHURST PINEHURST-BUILT IN ‘04

PINEHURST #6 PINEHURST UNIT 2

GREAT HOME FOR SALE IN WHISPERING PINES

3-4BD/2BA on 1.25 AC lot. Den could be 4th BD. Featuresinclude: Vaulted & Trey ceilings;Family Room w/ fireplace; Dreamkitchen w/Zodiac counters & stainless steel appliances;

Spacious front & back porches: Owner may consider rental.

Offered at $319,900.

Call Paula for a preview.

PPaauullaa EEssppee PPrrooppeerrttiieessPaula P. Espe, Broker910-315-5622

www.paulaespe.com Member Firm

Call Debbie DarbyBroker/REALTOR

Direct: 910.783.5193 Member Firm

PINEHURST....IT’S A LIFE STYLE

8 Raleigh Drive….Newly Listed 3BR/2BA. Brick Residence on a Lovely Lot in Pinehurst. Hardwoodand Tile Throughout, Fireplace, Meticulously Maintained. Granite in Kitchen, New Heat Pump in 2004.Over 1800 Sq. Ft. of Turn Key Perfection. A Great Full or Part Time Residence. Transferable Pinehurst& Fairwoods #7 Memberships Available. Separate Golf Cart Entry to Garage. Offered at $267,000.Call Debbie 910-783-5193. Buyer can have 1st. Rt. Of Refusal on Vacant Adjoining Lot.

Page 2: Sandhills Real Estate November 26, 2010

PAGE D2 THE PILOT — SOUTHERN PINES, N.C. FRIDAY, NOVEMBER 26, 2010

The Moore County Register ofDeeds Office in Carthage hasrecorded the following property trans-fers valued at $50,000 or more.

November 15-19, 2010Wanda T. Key and Caudle LawFirm PA to Bank of New York Mel-lon Et al., Trustees Deed B3064/317Lot 4 P1 Thurlow Lake, McNeillTownship, $55,000.Longhorn Builders LLC to GaryL. Jr. and Beatriz Gill, Lot 440 S4Woodlake Little River Township,$220,000.A and C Enterprises Inc. andA&C Enterprises Inc. to MarthaBateman Et al., 603.60 acres, Excep-tion, $736,000.Nancy A. and Gary L. Strick-faden to Peter J. and Susan M. De-perro, Lot 2312 S3 P1 Pinewild,Mineral Springs Township, $510,000.Mary Raboy to John D. andSuzanne R. Via, 1.01 acres & 1.41acres, Greenwood Township,$69,000.Clay P. Sessoms ConstructionInc. to Eric D. and Margaret T.Weldy, Lot 2714 Pinehurst, MineralSprings Township, $60,000.

HSBC Bank USA NC Et al. toRyan K. Criscoe, Lot 493 U16 P2Pinehurst, Mineral Springs Township,$157,000.JA PAR LLC to Christopher D.and Denise J. Hatley, Lot 11 P2ASpring Meadows, Sandhills Town-ship, $182,000.Sean and Sarah D. O’Leary toNoel B. Jr. and Jamie L. McDevitt,1.78 acres, McNeill Township,$81,000.Albert Hubler to Ivan J. Toca Etal., Lot 45 U17 P2 Pinehurst, MineralSprings Township, $364,000.Beaver Path Enterprises LLC toJanis N. McGuffin, 11520 sq. ft. &Tract, McNeill Township, $372,000.Joel A. Sanders Et al. to Citifi-nanical Services Inc., Trustees DeedB2484/511 Tract, 10 SP 336 $87,000.Mildred L. Speight Et al. toGeorge E. and Barbara M. Brad-dock, Lot 8 S11 Whispering Pines,McNeill Township, $156,000.Lloyd T. Tate Et al. to Darryl P.and Nancy E. Wright, 3.69 acres,McNeill Township, $140,000.Cassandra McCord and JamesW. Hall to Sharon S. Lawson, Lot

610 Lands of Pinehurst, MineralSprings Township, $1,135,000.Adkins Properties LLC to Sheaand Amanda Jones, Tract, $80,000.Suntrust Mortgage Inc. and SunTrust Mortgage Inc. to Nicholas E.and Amanda K. McGarry, 0.75acres & 1.17 acres, $320,000.HSBC Mortgage Services Inc. toPaul and Kristin Rizzo, Lot 2463Dorset Seven Lakes, Mineral SpringsTownship, $168,000.Daniel J. and Mary S. Grady toPatricia E. Needham, 0.64 acres,McNeill Township, $155,000.John S. and Mia Carre toThomas Holk, Lot 193 U3 P1 Pine-hurst, Mineral Springs Township,$178,000.Emily A. Tobias Et al. to EleaseM. Goodwin, 0.37 acres, SandhillsTownship, $63,000.US Bank National Association Etal. to Leslie M. Hill and Tracy Gar-ner, Lot 2222 Knollwood Center,$175,000.Paul B. and Heather S. Trevar-row to Andrew W. and KristaHarvell, Lot 2156 Knollwood Center,$225,000.

PROPERTY TRANSACTIONS

Pinehurst $146,500Cute & Affordable – Private Backyard3 BR / 2 BA Code 732

www.640LongleafDrive.com

Pinehurst $228,000Perfect Family Home w/ Split Plan4 BR / 3 BA Code 733

www.9WhiteCourt.com

Seven LakesWest $629,000Exquisite Water Front Home3 BR / 3 BA Code 609

www.156SimmonsDrive.com

Whispering Pines $325,000Thagard LakeWater Front Ranch2 BR / 2.5 BA Code 631

www.114LakeshoreDrive.com

Seven Lakes North $149,000Beautiful Home with Water View3 BR / 2 BA Code 633www.105CobblestoneCourt.com

CCNC $849,900Exquisite Cedar Shake & Stone Home5 BR / 4.5 BA Code 642www.325LakeDornochDrive.com

Vass $395,00013 Beautiful Acres with a Pond3 BR / 2 BA Code 653

www.3279LakeBayRoad.com

Aberdeen $135,000Super Condition – Fenced Backyard3 BR / 2 BA Code 654www.240SnoozingPineLane.com

Pinehurst $127,900Great Buy – Furnished Condo2 BR / 2 BA Code 660www.105StAndrewsCondo.com

McLendon Hills $399,000Lovely Home - Equestrian Community4 BR / 4 BA Code 662www.192BrokenRidgeTrail.com

Pinehurst $249,000Custom Brick Home in Doral Woods3 BR / 2.5 BA Code 671

www.30DoralDrive.com

Pinehurst $175,000Great Privacy – Split Bedroom Plan3 BR / 2 BA Code 673

www.8JuniperLane.com

Seven Lakes South $195,000Open Plan – Beautifully Maintained3 BR / 2 BA Code 680

www.135LancashireLane.com

Midland CC $219,000Newly Renovated Brick Golf Front2 BR / 2 BA Code 681

www.120SaffordDrive.com

Seven LakesWest $469,000Gorgeous Brick Water Front3 BR / 2 BA Code 674www.124McCrackenDrive.com

Seven Lakes South $185,000Lovely & Spacious Golf Front Home3 BR / 2.5 BA Code 686

www.117HastingsRoad.com

Longleaf CC $275,000Inviting Home in Golf Community3 BR / 2 BA Code 687www.107SteeplechaseWay.com

Whispering Pines $398,500Exquisite Brick Water Front3 BR / 3 BA Code 675

www.150PineRidgeDrive.com

Seven Lakes South $291,000Great Golf Front on 12th Fairway3 BR / 3 BA Code 677

www.116DartmoorLane.com

Mid South Club $449,000Beautiful Custom Brick Home3 BR / 2.5 BA Code 612

www.9AugustaDrive.com

Seven Lakes North $349,995Lovely Water Front Home2 BR / 2.5 BA Code 628www.105BrownBarkRoad.com

Pinehurst $369,000Charming Cottage Style Home4 BR / 3 BA Code 652

www.22CedarLane.com

Pinehurst $235,000Wonderful & Spacious Brick Home3 BR / 2 BA Code 649

www.2SalemLane.com

Foxfire $435,000Spectacular Brick Golf Front5 BR / 4.5 BA Code 688

www.42WoodlandCir.com

Seven LakesWest $349,000Great Location & Open Floor Plan4 BR / 3.5 BA Code 691

www.103TeagueDrive.com

NEW ON MARKET NEW ON MARKET

View Floor Plans and Virtual Tours of Our Listings and SeeALL Moore County Listings and Community Information at

wwwwww..MMaarrtthhaaGGeennttrryy..ccoomm www.MarthaGentry.com

Military?!Check out our

MilitaryAdvantage Program at

CALL SANDY TODAY FOR A SHOWING 910-315-4269

Sandy Haarlow“Selling Pinehurst & Southern Pines Since 1985”910-315-4269 (C) • 800-752-4836

www.sandysellspinehurst.com e-mail: [email protected]/MAX Prime Properties

3 QUAIL LAKE RD. WEST - This lovely home sits on the 14thgreen of #3. Close to Village and Pinehurst CC with membership avail-able to buyer! 2 nice size bedrooms and 2 1/2 baths. Roomykitchen/breakfast rm. with pass through to family room. Great roomopens to concrete patio. Family room opens to screen porch, all over-looking the green! Immaculate home and exterior trim just painted. 2car garage and concrete driveway. Quiet cul- de- sac with private set-ting! $269,000 NOW $259,000! Must have Appointment to show!Call 910-315-4269 Sandy's Cell. MLS #137845

5 LODGE POLE LN, PINEHURSTLight, bright home! 3BR, 2BA Large rooms, split plan, fantas-tic kitchen, large pantry, tons of cupboard & counter space.Brkfst area overlooks vacant lot. Carolina room ideal for T.V.& eating area. Large MBR w/walk-in closet & shower.Oversized garage w/work bench & new garage door. EXTRALOT AVAILABLE. Owner/Agent. PCC mbrshp on houseavailable. $245,000. MLS# 139490

GOLF FRONT

EXTRA LOT

PINEHURST C.C. MEMBERSHIPS TO 6 GOLF COURSES!!

5A Dogwood Terrace CondoPinehurst #4 Golf Course1 Bed/1 Bath 720 Sq.Ft.Totally Renovated $128,900

50 Knoll RoadLongleaf Club Cottage

2 Bed/2 Bath 1122 Sq.Ft.Fully Furnished $142,900

Serving the Pinehurst Area for over 35 Years

Rick Phillips, Broker910-695-5795

[email protected]

YOUR SANDHILLS REAL ESTATE CONNECTION

Hagan & Hagan GMAC Real Estate

From conventional loans to FHA and VA loans,to NC Housing First Home Mortgages and100% Financing options, First Bank has o�eredloan options, competitive rates and local expertiseto help meet your financing needs.

WE’RE LENDINGYes,

GINNY WEBBMORTGAGE LOANSPECIALIST

Southern Pines205 SE Broad Street910-692-6222www.FirstBancorp.com | 866-792-4357

Member FDIC Equal Housing Lender

Barbara KlugCell 910.690.0262

Old Town - 275 McKenzie RoadFabulous Pinehurst location.Gracious 4 bedroom/4 bathhome nestled under shadyoaks with ample privacy

and fenced yard. Traditionalfloor plan w/spacious roomsfor formal & casual living.

Enjoy the sunny Carolina Roomthat brings the outdoors in!!

Offered at $489,900

Box 1511 - 2209 Midland Road - Pinehurst, NC 28370800.633.8576 - 910.295.5011 - Fax 910.295.6000 WWW.PINEHURSTAREAREALTY.COM

TAMMY LYNE, Realtor910-603-5300

"Choose a Realtor who is also an experienced

State-Certified Appraiser" To see MY LISTINGS

and ALL area MULTIPLE LISTINGS

go to

www.TammyLyne.com

Page 3: Sandhills Real Estate November 26, 2010

FRIDAY, NOVEMBER 26, 2010 THE PILOT — SOUTHERN PINES, N.C. PAGE D3

Professionally SpeakingDear Community,

Mandy Ashby Dennis NamedMembership CoordinatorPinehurst-Southern Pines Area

Association of REALTORS® hasannounced the hire of MandyAshby Dennis to the position ofMembership Coordinator. Mandyis married to Robert Dennis. Shehas one daughter, Emma Grace.Mandy recently moved to the areafrom Hickory, NC. She graduatedfrom UNC-Wilmington with a B.S.in Business Administration andMarketing. Prior to moving to thePinehurst area, she enjoyed a ca-reer as a Real Estate Broker.Please join me along with the As-sociation Board of Directors andwelcome Mandy to our team.

Pinehurst-Southern Pines AreaAssociation of REALTORS®

is pleased to announce:

Published every Friday by The Pilot in partnership with the Pinehurst-SouthernPines Area Association of REALTORS, with a circulation of 19,000.Deadline for the Sandhills Real Estate Guide is 5:00 pm on Tuesday.

Pinehurst - Southern Pines Area Asso-ciation of REALTORS®, INC.

The Voice for Real Estate in the Sandhillswww.pinehurstncrealtors.com

Prudential is a registered service mark of The Prudential Insurance Company of America. Equal Housing Opportunity.©2010. An independently owned and operated member of Prudential Real Estate Affiliates, Inc.

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Estate Sales Professional.It’s as easy as taking a picture!That’s all you do after

downloading the FREE app.

Or Visit Our WebsiteGet the free mobile app at for your phonehttp://gettag.mobi

Snap’n SearchSnap’n Search

PINEWILD CC

131747 Elegant light-filled home!Spectacular views of 2 greens &hillside water feature. 5,000sf.$1,399,000

Eva Toney 910.638.0972 910.295.5504

138368 Golf Front! 3BR home,Office, Formal & Informal area.Loft w/built-in bookshelves.$750,000

Marie O'Brien910.295.2660 910.295.5504

138672 Perfection at its Finest!Golf Front on Azalea Course.Gourmet Ktchn, 5BR/4.5BA.$839,500

Arvilla Sheron 910.639.5133 910.295.5504

137804 Gourmet Kitchen. SuperMaster Bath. Golf Course lot.Priced BELOW Tax Value!$599,900

Pat Wright 910.295.6455 910.295.5504

139293 Spacious all brick4BR/3.5BA home on 1-acre inprivate section. Many specialtouches! $495,000

Arvilla Sheron 910.639.5133 910.295.5504

139267 All brick 3BR/ ranchw/Bonus Rm, large countryKtchn, private patio & yard.Club Mbrshp Avail. $379,000

Marie O'Brien910.295.2660 910.295.5504

138908 Best Value! Brick3BR/3BA home with an openfeeling. Screened porch. Privatewooded lot. $325,000

Arvilla Sheron 910.639.5133 910.295.5504

OPEN HOUSESAT., NOV. 27•11 - 1 P.M.

137350 708 THRUSH DR.,WOODLAKE CC, DIR.: US 1North to 690 East toMcLaughlin. Woodlake gate onright. Come for Hot Cider!4BR/3BA. $225,000

Merry Garner 910.303.3091 910.692.2635

OPEN HOUSESAT., NOV. 27•1 - 3 P.M.

139924 15 GRAY FOX RUN,PINEHURST, DIR.: Hwy 5 toLinden Road to ClarendonGardens; L Quail Run; L GrayFox Run. All brick, 3BR/2.5BA.$359,900

Bonnie Baker 910.690.4705 910.692.2635

NEW LISTING

141066 Carthage: All brick,3BR/2.5BA Cape Cod style. Openplan. 2 Acres, Bonus Rm over det.Garage. $299,000

Bonnie Baker 910.690.4705 910.692.2635

138568 44 Acres with 3,000sfbrick home, 1100' frontage onHwy 22. Across from new FoodLion north of Airport.

Jerry Slade 910.639.3780 910.295.5504

DEVELOPMENT POTENTIAL

138790 Best Buy! 2BR/2BAPinehurst Manor Condo. Stonefireplace. Extra Closet Storage.$124,900

Krista Duncan 910.690.7009 910.295.5504

PINEHURST MANOR CONDO

139428 Details custom built, allbrick, 4BR/3.5BA Golf Fronthome. Dramatic Great Room!$479,000

Carol Haney 910.315.5013 910.692.2635

TALAMORE

139516 Weymouth Wonder!Updated kitchen, a Master Suiteyou have always wanted!$399,000

Susan Ulrich910.603.4757 910.692.2635

SOUTHERN PINES

140365 All brick, 4BR, 3.5BA,0.62 acres with water view! See:www. 1 1 4 K i l l i n e y C t . c o m$499,000

Frank Sessoms 910.639.3099 910.295.5504

NATIONAL GOLF CLUB WHISPERING PINES

135523 Water & Golf View!Carolina room overlooksgolf/pond & tee views. Spacious3BR/3BA. $185,000

Jim Lawson910.783.5442 910.692.2635

KNOLLWOOD VILLAGE

CCNC

137894 Fantastic Golf CourseHome by a premier builder.Every imaginable feature! 4,673sq.ft.

Jerry Slade 910.639.3780 910.295.5504

FOREST CREEK

137087 Pinebluff: 4 Homes.Many Improvements! Someowner financing may be possi-ble. Broker/Owner. $199,900

Nettie Calfee 910.315.6225 910.692.2635

INVESTORS

137770 Patio home on quiet cul-de-sac location. 3BR/ 2.5BA,Bonus Room. $339,000

Pat Koubek 910.215.2869 910.692.2635

LONGLEAF CC

139724 Super 2nd Home!Investment/Starter Home nearCourse #5 w/PCC. Lease/Purchase Considered. $182,000

Mav Hankey 910.603.3589 910.692.2635

PINEHURST

137743 Lovely Lake Front Villa!Great Golf View! Carolina Room,Family Rm, Office, 3BR/3BA.$525,000

Joel Rich 910.315.4009 910.295.5504

135573 Lovely tradition brickhome landscaped for privacy.Office, 4BR/3BA, Fam Rm, fire-place. $450,000

Joel Rich 910.315.4009 910.295.5504

139592 New Construction!Hardwood, Granite, Custom cabi-netry, built-ins. 4BR/3.5BA.$339,000

Bill Brock 910.639.1148 910.692.2635

140298 All brick 3BR/2BA house.Living/Dining combo separate bya brick frpc., open kitchen.$220,000

Jill Greenleaf 910.783.6139 910.692.2635

Find the latest localnews on the web at:

wwwwww..tthheeppiilloott..ccoomm

Page 4: Sandhills Real Estate November 26, 2010

PAGE D4 THE PILOT — SOUTHERN PINES, N.C. FRIDAY, NOVEMBER 26, 2010

By Jarrett DeerwesterMoore County Home Builders Association PresidentMMOOOORREE CCOOUUNNTTYY HHOOMMEE BBUUIILLDDEERRSS AASSSSOOCCIIAATTIIOONN

It is that time of yearwhen we gather withfamily and friends andreflect on all that wehave to be thankful forthis year. While wetypically think of fam-ily, loved ones,friends, and goodhealth. I thought itmight be interesting tosee if we have any-thing economically tobe thankful for here inMoore County.This past week I had

the pleasure of partici-pating and speakingbefore the CountyCommissioners eco-nomic retreat. The re-treat featured manygreat speakers andfocused on many dif-ferent aspects of thenational, state , andlocal economy. I wasasked to give a pres-entation on the condi-tion of the local newhousing market. Inpreparing my presen-tation I analyzedmany charts and

mountains ofdata regard-ing the na-tional,state, andlocal hous-ing markets.Truth be told,the past nationalhousing data has verylittle to be thankfulfor… The silver liningin the dark cloud thathas been the nationalhousing market – isour local market hasfar out performed thenational averages andis in fact one of thestrongest housingmarkets in the nation.Keep in mind‘strongest’ in today’seconomic climatecould be to say ourmarket has decline farless than 96% of mar-kets nationally. If you look at the na-

tional data for housingstarts and housingvalues; central NorthCarolina has far outperformed the na-

tional aver-ages. Infact thethreelast re-gional

newhousing

markets to slow downin 2008 as the hous-ing bubble burst wereSeattle, Portland, andcentral North Car-olina. My favorite housing

economist is MarkZandi, PhD & ChiefEconomist at Moody’sAnalytics. I had thepleasure of meetingMark back in 2006when he was a lonevoice correctly pre-dicting the severityand length of the cur-rent housing reces-sion. (Mark went onto be Sen. John Mc-Cain’s chief economicadvisor during hisPresidential bid)Mark’s sober andnegative economicforecasts earned him

the nicknames of“Doctor of Doom” andthe “Dismal Scientist”amongst builders; ashe correctly fore-casted the housingdeclines in the hous-ing market during the2006-2010 period.But today even MarkZandi – the “Doctor ofDoom” is forecastinga housing recovery inthe next 4-8 quarters.So while there are

plenty of threats to thehousing recovery of2011 & 2012: Federalsupports slowly beingwithdrawn from theresidential mortgagemarket, possible de-flation, possible infla-tion, a weakening USdollar, the Europeandebt crisis, etc… Itlooks like a steady butmeasured housing re-covery is a real likeli-hood in the next 6-12months. (The at-tached chart showsthe housing marketstarts from 1990 pro-

jected by NAHB out to2020. The jagged isthe past data and fu-ture forecast. They grey vertical

stripe is the area ofthe ‘great recession.’The straight line is thehistoric trend line overthe years – whichmatch the past datawith the projected re-covery…)So besides being

thankful for our fami-lies, loved ones, andclose friends; we canbe thankful that: ourlocal economy is fun-damentally strong,our local housing

stock has largely re-tained most of itsvalue as compared tothe national averages,we do not have an ex-cessive supply ofempty new homes ascompared to othermarkets, and we arepoised to be one ofthe very first marketsto lead the nation intoa housing recovery.Most importantly at

the end of the day,Moore County is a stilla great place to live

Happy Thanksgiving Jarrett

Should We Be Thankful For This Housing Market?

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Page 5: Sandhills Real Estate November 26, 2010

FRIDAY, NOVEMBER 26, 2010 THE PILOT — SOUTHERN PINES, N.C. PAGE D5

By Victoria Spannaus Wells Fargo Home Mortgage

As one of thefastest-growing seg-ments of the housingmarket, first-time buy-ers are driving the de-mand for smaller, lessexpensive newhomes.Between 2007 and

2009, 41 percent ofthe 8.4 million Ameri-cans who purchaseda home were first-timebuyers. The typicalfirst-time homeownerwas 34 years old andhad a household in-come of $67,000.They purchasedhomes with an aver-age market value of$184,000 comparedto $297,000 for trade-up buyers.The large majority of

first-timers purchasedsingle family de-tached homes that av-eraged 1,874 squarefeet — well below the

2,549 square foothome chosen by re-peat homeowners.Close to half of them(46 percent) boughthomes smaller thatn1,500 square feet.On average, first-

time buyers looked at15 properties beforemaking a final deci-sion. While 63 percentused savings for theirdownpayment. 22percent made nodownpayment at all.Although some of

the growth amongfirst-time homeownershas been fueled bythe governments taxcredit this upward

trend should continueas the children ofBaby Boomers formtheir own householdsover the next decade.For a free consulta-

tion to discuss whichtype of mortgage loanwill work best for you,call Victoria Spannausat Wells Fargo HomeMortgage at (800)741-7813 or 910-692-6225.Reprinted with per-

mission of The Printer,Inc.

First-Time HomebuyersAre Downsizing

LLEETT’’SS TTAALLKK HHOOMMEE FFIINNAANNCCEE

“I will provide an outstanding

mortgage experience from application to

closing”

Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. © 2010 Wells Fargo Bank, N.A. All rights reserved. AS358082 8/10-11/10

When your PCS orders comethrough we can help put you“at ease” with your move

For the financing you need now for your new home, count on our Military MortgageExpress® program.

We understand what military families needAs one of the nation’s leading FHA/VAlenders, Wells Fargo Home Mortgage has theprofessionalism and expertise to make yourmove fast and hassle-free.

Call today!Victoria SpannausHome Mortgage ConsultantWells Fargo Military CertifiedO$ce: 910-692-6225Toll Free: [email protected]/victoria-spannaus

"EDGEWOOD COTTAGE" - 1928Dutch Colonial sited on a beauti-fully landscaped one acre lot com-plete with swimming pool, cabanaand separate 2-car garage.Features include heart pine floors,4 fireplaces, 4 bedrooms, 4 1/2baths, formal Living Room &Dining Room, and a light-filledCarolina Room.

"WISTERIA COTTAGE" is one of thecottages built by James Tufts, thefounder of Pinehurst. This charmingcottage features wood floors and woodpaneled walls, 3 fireplaces with carvedmoldings, 4 Bedrooms, 5 Baths, gra-cious Living Room & Dining Room,and a glassed-in porch with stainedglass door & transom.

NEW LISTING - $1,250,000.©2010, An independently owned and operatedmember of Prudential Real Estate Affiliates, Inc.

Prudential is a registered servicemark of The Prudential Insurance Company of America. Equal HousingOpportunity.

Eva Toney910-638-0972

E-Mail: [email protected]

www.RealEstateInPinehurst.com

HISTORIC COTTAGES IN OLD TOWN

Pinky Doyle • 910-783-6573RE/MAX of THE PINES

235 E. Pennsylvania Ave., Southern Pines, NC 28387www.pinkydoyle.com

910-695-3651 / 877-695-3651

“Nothing purchased can come close to the renewed sense ofgratitude for having Family and Friends”.....

WWiisshhiinngg aallll ooff yyoouu aaHHAAPPPPYY TTHHAANNKKSSGGIIVVIINNGG WWEEEEKKEENNDD!!

PPiinnkkyy DDooyyllee Serving the Real Estate Needs ofPinehurst/Southern Pines and All of Moore County

HHaappppyy TThhaannkkssggiivviinngg!!PPiinnkkyy DDooyyllee

CCRRSS,, GGRREEEENN,, GGRRII,, RRFFCCRE/MAX of THE Pines

Out & Aboutin Real Estate

Keep us involvedSend us your event photos to share with the community.

Submit digital photos accompanied by caption information to [email protected].

Pictured are LucretiaPinnock, Melinda Ring-ley, Jennifer Ringley, andDebbi Ferguson of Pin-nock Real Estate. Theyare stringing the lights onthe Christmas Tree inDowntown SouthernPines. The theme fortheir Christmas Tree is"Hope Floats, and so dowe!" Lucretia Pinnocksaid that "Real Estate is agreat investment here inMoore County and nowis a great time to buy ahome! We wish every-one a wonderful HolidaySeason filled with joyand hope!"

Page 6: Sandhills Real Estate November 26, 2010

PAGE D6 THE PILOT — SOUTHERN PINES, N.C. FRIDAY, NOVEMBER 26, 2010

(ARA) - Spring and fall are themost notorious allergy seasons, butas any of the estimated 50 millionAmericans who suffer from allergiesknow, winter can be just as uncom-fortable. As we move our lives backindoors, we often seal up ourhomes to prevent the cold fromseeping in. While that's good for en-ergy bills and staying warm, if youdon't take some precautions, it cancause problems for those with in-door allergies.To make sure that your home is ahealthy one throughout the season,start taking action against allergensas you winterize your house. Ac-cording to the Asthma and AllergyFoundation of America (AAFA),some of the most common indoorallergens are mold spores, dustmites and pet dander - so pay spe-cial attention to preventing those. Asthe weeks pass, keep to a scheduleof cleaning that will maintain a lowerlevel of allergens. Here are sometips to help you make your home ahaven where allergy sufferers willfeel comfortable.* Don't let towels pile up. Whetherin the kitchen or the bathroom, it'simportant that damp towels aren'tleft to sit in a pile. The moisture theyretain can create perfect conditionsfor growing mold or provide an idealhome for mites. Hang towels so thatthey can dry fully and launder themin your washing machine at leastonce a week to get rid of moldspores.* Stop the fur from flying. AAFAnotes that cat dander is the mostcommon pet allergy. But whetheryou have a dog, cat or other furrycritter, they can cause discomfort forany members of your householdwith allergies, as well for any guestswho come to town for holiday cele-brations. To cut down on allergensfrom both dander and saliva, besure to wash your pets' toys andbeds regularly. Vacuuming up pethair is also an essential step. A vac-uum cleaner like LG's LuV300BKompressor is a good option be-cause its HEPA filter captures 99.97percent of common household aller-gens. It has also been certified"asthma & allergy friendly" by AAFA.Giving your pets regular baths andbrushings can also help to cut downon the amount of hair and danderthat they shed.* Make your bed and sleep in it. Ifyour sleep is being disrupted by al-lergy symptoms, you need to makesure that your bedding isn't part ofthe problem. Mite-proof beddingand mattress or pillow cases canhelp cut allergens, but you should

also remember that washing, clean-ing and replacement are important.Some washing machines from LGfeature the Allergiene cycle, a spe-cialized steam cycle that helps to killdust mites and their eggs; it's theonly such cycle that has also beencertified by AAFA. While you'rewashing your sheets and com-forters, take time to vacuum yourmattress with a HEPA-filterequipped vacuum. Pillows shouldbe replaced every two years and it'ssuggested that mattresses be re-placed every 10 years.* Don't forget decor. Vacuumingyour floors is a given, but to reallymake an impact on the allergens inyour home, you need to pay atten-tion the rest of your decor as well.Area rugs in the living room or bed-rooms, as well as kitchen and bathfloor mats need to be vacuumedoften and, if possible, launderedregularly. Cleaning the upholsteryon your couches and chairs is an-other essential step - pet hair anddust mites can settle there and irri-tate people with allergies. Large ca-pacity washing machines that arecertified "asthma & allergy friendly"are ideal for large items like throwrugs and slip covers from yourcouch or easy chair. If they can't goin the washing machine, have themprofessionally cleaned. And whilethey beautifully frame your views,your window treatments might bemaking your life uncomfortable.Make sure that you vacuum andlaunder them as well."It's important to remember thateven in cold weather, allergies don'tgo away," says Mike Tringale, vicepresident of external affairs forAAFA. "And while cleaning yourhouse to remove allergens won'teliminate your allergies, it will have asignificant impact on your health,during the winter and throughoutthe year."

Tips for winterizing yourhome against indoor allergies

(ARA) - Most home-owners rarely ventureup to their attics, butas winter approaches,many will make theannual trip upstairs toput away warm-weather items and re-trieve holidaydecorations. While ahome's attic is idealfor storage, smarthomeowners realizethat their attics alsorepresent a great op-portunity to savemoney.How? Similar to thehuman body, thelargest source of po-tential heat loss in ahome is through thetop. Thankfully, atticinsulation works like athick winter hat - ittraps the heat insideso your house stayswarm and comfort-able.More than 60 per-cent of U.S. homesare under insulated,and the averagehome needs up to 19inches of fiber glassattic insulation formaximum energy effi-ciency. By using atape measure tocheck the depth oftheir attic insulation,homeowners can eas-ily see if their homesare up to par. Home-owners can reducetheir homes' heatingand cooling costs byas much as 20 per-cent through properinsulation and airsealing techniques,according to the U.S.Environmental Protec-tion Agency."Homeowners are al-ways looking for waysto stretch their house-hold budgets, andthere's no better timethan now to be proac-tive about reducingyour home's energyuse," says KateriCallahan, president ofthe Alliance to SaveEnergy, a Washing-ton, D.C.-based non-profit dedicated topromoting energy effi-ciency. "Heating andcooling can accountfor nearly half of ahome's energy bill,and there are many

smart, economicalsteps homeownerscan take to cut theirmonthly utility billsand increase the over-all comfort of theirhomes."Installing attic insula-tion and other simplestepsAfter measuring thedepth of their existingattic insulation, home-owners should esti-mate the currentperformance of theirhomes by utilizing anonline energy-effi-ciency tool, such asthe Home EnergyAnalysis test availableatJMhomeowner.com."One of the bestways to get started isto evaluate yourhome's potential forenergy savings andthen develop a gameplan focused on theprojects that will pro-vide the best returnon investment," saysMike Lawrence, vicepresident and generalmanager of InsulationSystems for JohnsManville, a manufac-turer of building prod-ucts. "An onlineassessment can helpdetermine a home'sinsulation needs,such as the recom-mended amount of in-sulation for yourregion and the appro-priate R-value for yourproject. Such toolseven provide a prod-uct guide that can betaken to Lowe's tohelp identify the bestinsulation productsfor the job."Once the appropri-ate materials havebeen selected, DIY-savvy homeownerscan install the insula-tion themselves bysimply placing insula-tion batts or rolls intothe floor joists of theirattics, on top of anyexisting insulation.Not interested in thedo-it-yourself ap-proach? Hire an insu-lation contractor -seek recommenda-tions from friends orfamily or speak with areputable retail outlet

about available in-stalled sales pro-grams.In many cases, addi-tional attic insulationis one of the most ef-fective ways to im-prove a home'senergy efficiency.Homeowners lookingto take it a step fur-ther should also takeadvantage of the fol-lowing low- or no-costopportunities:* Weatherize yourattic: By using caulk,spray foam orweather stripping toeliminate any holes orgaps that may exist inthe floor or walls oftheir attic, homeown-ers can stop costly airleaks.* Install a program-mable thermostat:The EPA reportshomeowners cansave about $180 ayear by properly set-ting their programma-ble thermostats andmaintaining those set-tings.* Insulate your waterheater: Adding a hotwater heater blanketaround older waterheaters can reduceexcessive heat loss.It's also a good ideato insulate the hot andcold water pipes ex-tending a few feetfrom the water heater.* Mind your chim-ney: Fireplace chim-neys are a source ofheat loss. Keep yourfireplace damperclosed when not inuse.* Take advantage ofpassive heat: Keepsouth-facing windowblinds and drapesopen while it's sunnyto absorb solar heatduring the day, andclose your windowblinds and drapes atnight to retain theheat.

For more insulationinstallation tips andinformation on energyefficient home im-provement projects,visit www.jmhome-owner.com orwww.lowes.com/effi-cienthome.

Money in the attic?How a simple projectcan lead to big savings

Page 7: Sandhills Real Estate November 26, 2010

FRIDAY, NOVEMBER 26, 2010 THE PILOT — SOUTHERN PINES, N.C. PAGE D7

Page 8: Sandhills Real Estate November 26, 2010

PAGE D8 THE PILOT — SOUTHERN PINES, N.C. FRIDAY, NOVEMBER 26, 2010

Joanne PadgettBroker in Charge

CRS/GRI &GREEN

ElizabethChilders

Associate BrokerCRS/GRI

JoeViolette

Associate Broker

Pete GarnerAssociate Broker

ABR

Roger JohnsonAssociate Broker

Harwell StovallAssociate Broker

Jeannette PetersAssociate Broker

Ann BentonAssociate BrokerGRI/ABR/RRS

& GREEN

Faye GibsonAssociate BrokerGRI/ABR/RRS

HappyThanksgiving

From all of us atPinehurst Resort Realty

LLooccaall RReeaallttoorr DDiirreeccttoorryyLucretiaPinnock692-6767

HolleighMcLaurin

ChristineSellers

295-1600 Office603-0367 Direct

980 Unit 3 Seven Lakes Drive(910) 673-1050Cell: (910) 315-9950

[email protected]

TANYA BRIDGERS-ZOPPIBranch Manager910-690-7112NMLS #106825

[email protected] E. BECKELSr. Mortgage Loan Specialist

910-787-8876NMLS #73384

[email protected]

When Experience Counts...You Can Count on Lucretia!!!!

An Experienced Realtor Will Smooth Your Transaction!!!

[email protected]: (910) 528-2432Fax: (910) 944-7943Pinehurst, NC 28374

www.basilgrouprealty.com Murray WilliamsonRealtor®

www.PinehurstHomeSearcher.comPinnock Real Estate & Relocation Services, Inc.

Bobby Edwards

Edwards Real Estate &Forestry Consulting(910) 944-2023 (Office)(910) 690-5955 (Cell)

LEILANI MEDLINREALTOR® / Broker

Office 693-3300Cell 690-1404

[email protected]

Larose and CompanyIndependently owned and operated

GINNY PRESCOTTRealtor/Broker

Direct: 910.691.5060Office: 910.692.5553

[email protected]

“Specializing in Woodlake for Over 25 Years”

Office.: (910) 245-8683Cell: (910) 624-2997Fax: (910) [email protected]

www.thelakeresortproperties.com

Jim Horne

Office 910-692-8874 www.imgnc.com“Mortgages Made Simple”Fast ~ Efficient Service

FEATURED PROPERTIES & NEW LISTINGS

Paul J. EmbryBinky Albright Properties, LLC The Helm Company

Southern Pines, NC Louisville, KYWWW.BinkyAlbright.Com WWW.HelmCompany.Com

535 E Indiana Avenue, Southern Pines, NC 28387910-988-2986 502-552-4916 502-410-0200 Fax

142 SUNDOWN DRIVE, VASSUnbelievable home on over 1/2 acre lotwith split BR plan. 4BR, 2 1/2BA. Verylarge Master Bedroom with sitting area,listed as Other Room. Incredible kitchen,wood floors and white counter tops withlarge island and open family room. Formaldining room, large living room and 3 nicesized bedrooms. Fabulous deck stretchesout into the garden with several seating

areas. Whole back yard is fenced with tool shed included. $93,000

Quiet Retreat, 3090 sq.ft. of livingspace. A windowed “morningroom” and a light Carolina roomoffer pretty gathering places,plus formal living and diningrooms and 3 bedrooms all on awoodsy street near the gate atCCNC. Thrifty price of $465,000!

JJooeell RRiicchh 910-315-4009 910-692-3198

www.findhomesofpinehurst.com©2010, An independently owned and operated member of Prudential Real Estate Affiliates, Inc.

Prudential isa registered servicemarkofThePrudential InsuranceCompanyofAmerica.EqualHousingOpportunity.

CCNC TreasureWATERFRONT on Whisper Lakein WHISPERING PINES! AllBrick, 3BR-3BA w/separate IN-LAW SUITE & huge RECRE-ATION ROOM. Split floor-planw/wide waterviews, sunny Car-

olina Room, New Granite Kitchen,2 Decks, Boat Dock, Privatefenced yard & much more!

Beautiful condition. $442,000.Call for appointment: (910) 295-1600

www.SellersHomes.com

NEW LISTING!