Unlike 2005, many rental homes still available for U.S. Open
Posted June 12
Updated June 13
Pinehurst, N.C. — When the U.S. Open Championship was in Pinehurst in 2005, every rental home in the area was taken by the time play started.
In 2014, not so much.
“The last time I looked at the MLS, there were a couple of hundred, or even more, that were not rented,” said real estate agent Jim Garrett of Pinehurst Properties.
While he doesn’t have too many properties left for rent, Garret said the number is more than he thought he would have by now.
He blames the economy for scaring off corporate dollars.
“I got one corporation that rented from me down in Richmond County, rented five or six condos from me and had their little group together in '05,” Garrett said. “And this year they had four tickets.”
Inflated rental prices from homeowners didn’t help either, Garrett added.
“People told them too much,” he said. "They told them they were too much. They were too high, and it just didn't happen.”
While the market is tough for real estate agents, Garrett said there are great deals still available, including some properties near Pinehurst No. 2.
“If you're traveling back and forth to Raleigh, or anywhere up there, and you're paying two to three hundred a room, you need to call me,” he said.