Nags Head, NC Real Estate News

By Greg Cremia
(Shore Realty of the Outer Banks)
Sold Market Nags Head Single Family Homes 2017   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 3 $670,500 $223,500 $224,000 22 Conventional 163 $47,873,780 $293,704 $283,000 92 FHA 10 $2,555,800 $255,580 $254,000 56 VA 13 $3,812,900 $293,300 $300,000 75 Cash 46 $15,339,800 $333,474 $277,000 124 Owner Finance 3 $872,600 $290,867 $280,000 158 USDA 1 $198,000 $198,000 $198,000 74   Analysis By Area Kill Devil Hills Oceanside 6 $4,890,500 $815,083 $787,500 92 Kill Devil Hills b/w Hwys 71 $23,180,100 $326,480 $310,000 131 Kill Devil Hills Westside 162 $43,252,780 $266,992 $261,500 81 Totals 239 $71,323,380 $298,424 $279,000 96   Non Co-op Sales 36 $10,912,018 $303,112 $289,450 84 Co-op Sales 203 $60,411,362 $297,593 $277,000 98 Total Sales 239 $71,...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Yaupon Beach Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     1     $427,000     $427,000     $427,000     25                   Cash     1     $465,000     $465,000     $465,000     7          Analysis By Area                   S. N.H. East/Old Oregon R     2     $892,000     $446,000     $446,000     16                   Totals     2     $892,000     $446,000     $446,000     16                        Non Co-op Sales     1     $427,000     $427,000     $427,000     25                   Co-op Sales     1     $465,000     $465,000     $465,000     7                   Total Sales     2     $892,000     $446,000     $446,000     16       Sold Market Yaupon Beac...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market The Village at Nags Head Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     23     $11,463,000     $498,391     $430,000     180                   Cash     7     $4,872,250     $696,036     $515,000     138                   Jumbo Loan     1     $1,250,000     $1,250,000     $1,250,000     49          Analysis By Area                   Nags Head Oceanside     8     $7,880,000     $985,000     $1,145,000     156                   Nags Head between hwys     3     $1,521,500     $507,167     $515,000     91                   Nags Head Westside     20     $8,183,750     $409,188     $392,500     182                   Totals     31     $17,585,250     $567,266     ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Southridge Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     8     $3,304,000     $413,000     $378,500     103                   FHA     1     $359,900     $359,900     $359,900     31                   VA     1     $397,482     $397,482     $397,482     58                   Cash     1     $320,000     $320,000     $320,000     117          Analysis By Area                   Nags Head Westside     11     $4,381,382     $398,307     $375,000     94                   Totals     11     $4,381,382     $398,307     $375,000     94     LOTS/LAND                   Conventional     1     $128,000     $128,000     $128,000     505                   Cash     2     $20...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Old Nags Head Cove 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     1     $299,900     $299,900     $299,900     49                   Conventional     15     $4,629,000     $308,600     $285,000     93                   Cash     4     $915,000     $228,750     $225,000     29          Analysis By Area                   Nags Head Westside     20     $5,843,900     $292,195     $280,000     78                   Totals     20     $5,843,900     $292,195     $280,000     78     LOTS/LAND                   Cash     6     $687,000     $114,500     $106,500     206          Analysis By Area                   Nags Head Westside     6     $687,000     $114,500     $106,500     206    ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Ocean Colony South Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     3     $1,059,900     $353,300     $310,000     115                   Cash     2     $635,000     $317,500     $317,500     118          Analysis By Area                   S. N.H. East/Old Oregon R     3     $1,059,900     $353,300     $310,000     103                   S. N.H. West/Old Oregon R     2     $635,000     $317,500     $317,500     136                   Totals     5     $1,694,900     $338,980     $310,000     116                        Non Co-op Sales     1     $310,000     $310,000     $310,000     52                   Co-op Sales     4     $1,384,900     $346,225     $317,500  ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Nags Head Pond Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $760,750     $380,375     $380,375     137                   VA     1     $438,000     $438,000     $438,000     35                   Cash     1     $439,000     $439,000     $439,000     79          Analysis By Area                   Nags Head Westside     4     $1,637,750     $409,438     $438,500     97                   Totals     4     $1,637,750     $409,438     $438,500     97                        Non Co-op Sales     0                    0                   Co-op Sales     4     $1,637,750     $409,438     $438,500     97                   Total Sales     4     $1,637,750     $409...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Hollywood Beach Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     8     $4,518,000     $564,750     $505,250     137                   Cash     2     $1,308,900     $654,450     $654,450     52          Analysis By Area                   S. N.H. East/Old Oregon R     5     $3,463,000     $692,600     $650,000     135                   S. N.H. West/Old Oregon R     5     $2,363,900     $472,780     $427,500     104                   Totals     10     $5,826,900     $582,690     $505,250     120                        Non Co-op Sales     1     $398,000     $398,000     $398,000     174                   Co-op Sales     9     $5,428,900     $603,211     $542,500...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Goosewing 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $771,000     $385,500     $385,500     46                   Cash     1     $460,000     $460,000     $460,000     196          Analysis By Area                   S. N.H. East/Old Oregon R     3     $1,231,000     $410,333     $450,000     96                   Totals     3     $1,231,000     $410,333     $450,000     96                        Non Co-op Sales     0                    0                   Co-op Sales     3     $1,231,000     $410,333     $450,000     96                   Total Sales     3     $1,231,000     $410,333     $450,000     96       Sold Market Goosewing 2017          No. of Listings...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Chawanook Cay 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     3     $1,384,000     $461,333     $452,000     76          Analysis By Area                   S. N.H. East/Old Oregon R     3     $1,384,000     $461,333     $452,000     76                   Totals     3     $1,384,000     $461,333     $452,000     76                        Non Co-op Sales     0                    0                   Co-op Sales     3     $1,384,000     $461,333     $452,000     76                   Total Sales     3     $1,384,000     $461,333     $452,000     76       Sold Market Chawanook Cay 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Whalebone Beaches 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     6     $3,372,000     $562,000     $537,500     98                   Jumbo Loan     1     $1,150,000     $1,150,000     $1,150,000     132          Analysis By Area                   Nags Head Oceanside     2     $2,125,000     $1,062,500     $1,062,500     112                   Nags Head between hwys     4     $2,172,000     $543,000     $537,500     91                   Nags Head Westside     1     $225,000     $225,000     $225,000     132                   Totals     7     $4,522,000     $646,000     $605,000     103                        Non Co-op Sales     1     $402,000     $402,000     $402,000 ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Vista Colony 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     9     $2,453,500     $272,611     $265,000     110                   Cash     1     $150,000     $150,000     $150,000     6          Analysis By Area                   Nags Head between hwys     5     $1,309,000     $261,800     $235,000     123                   Nags Head Westside     5     $1,294,500     $258,900     $265,000     77                   Totals     10     $2,603,500     $260,350     $250,000     100     LOTS/LAND                   Cash     1     $78,100     $78,100     $78,100     49          Analysis By Area                   Nags Head Westside     1     $78,100     $78,100     $78,100     4...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Nags Head Acres 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     3     $883,000     $294,333     $320,000     87          Analysis By Area                   Nags Head Westside     3     $883,000     $294,333     $320,000     87                   Totals     3     $883,000     $294,333     $320,000     87     LOTS/LAND                   Conventional     1     $110,000     $110,000     $110,000     111                   Cash     2     $200,000     $100,000     $100,000     338          Analysis By Area                   Nags Head Westside     3     $310,000     $103,333     $110,000     262                   Totals     3     $310,000     $103,333     $110,000     262     ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market North Ridge Estates 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $526,000     $263,000     $263,000     33                   FHA     1     $287,000     $287,000     $287,000     182          Analysis By Area                   Nags Head Westside     3     $813,000     $271,000     $287,000     83                   Totals     3     $813,000     $271,000     $287,000     83                        Non Co-op Sales     0                    0                   Co-op Sales     3     $813,000     $271,000     $287,000     83                   Total Sales     3     $813,000     $271,000     $287,000     83       Sold Market North Ridge Estates 2016          No. of List...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Bodie Island Beach 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     1     $701,000     $701,000     $701,000     41                   Conventional     3     $1,895,000     $631,667     $655,000     396                   Cash     3     $1,058,500     $352,833     $222,000     20                   Jumbo Loan     2     $2,230,000     $1,115,000     $1,115,000     181          Analysis By Area                   S. N.H. East/Old Oregon R     4     $3,810,000     $952,500     $1,002,500     313                   S. N.H. West/Old Oregon R     5     $2,074,500     $414,900     $315,000     80                   Totals     9     $5,884,500     $653,833     $655,000     183             ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Roanoke Sound Shores 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     4     $2,195,000     $548,750     $522,500     362                   Cash     2     $757,300     $378,650     $378,650     75          Analysis By Area                   Nags Head between hwys     4     $2,252,000     $563,000     $522,500     378                   Nags Head Westside     2     $700,300     $350,150     $350,150     42                   Totals     6     $2,952,300     $492,050     $497,250     266                        Non Co-op Sales     1     $720,000     $720,000     $720,000     311                   Co-op Sales     5     $2,232,300     $446,460     $487,000     257              ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 Home Sales in Old Nags Head Place are steady from last year but with some improvements. Both the median price and the average sales price has increased over the previous year and the days on the market has been cut by almost two thirds.      Sold Market Old Nags Head Place Single Family Homes 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     3     $1,854,900     $618,300     $619,900     132                   Cash     3     $1,899,000     $633,000     $619,000     42          Analysis By Area                   Nags Head between hwys     6     $3,753,900     $625,650     $619,450     87                   Totals     6     $3,753,900     $625,650     $619,450     87                       ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 Single Family homes sales in Nags Head Shores is remaining steady with 16 homes sold last year compared to 15 homes the previous year. There was a slight decline in prices as the median price and average prices saw a modest decline. The odd thing is the number of days on the market has been cut in half.     Sold Market Nags Head Shores Single Family Homes 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     14     $6,959,075     $497,077     $453,500     50                   Jumbo Loan     1     $725,000     $725,000     $725,000     342                   USDA     1     $240,000     $240,000     $240,000     52          Analysis By Area                   Nags Head Oceanside     3     $2,5...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 While sales remain brisk, prices are still struggling for single family homes in the George Stronach subdivision. While the number of homes sales is up and the days on the market has been cut in half we are still seeing a decline in the median and average sales prices.      Sold Market George Stronach Single Family Homes 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     7     $4,341,000     $620,143     $556,500     149                   Cash     3     $2,220,000     $740,000     $740,000     30          Analysis By Area                   Nags Head Oceanside     2     $1,840,000     $920,000     $920,000     22                   Nags Head between hwys     8     $4,721,000     $590,125 ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 Single family homes sales are remaining fairly consistent in the Nags Head subdivision of Conch Shell Estates. During the past 2 years there were 4 home sales in each year while the average sold price went up marginally the median price went down marginally.     Sold Market Conch Shell Estates 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     4     $1,660,000     $415,000     $387,000     72          Analysis By Area                   Nags Head between hwys     4     $1,660,000     $415,000     $387,000     72                   Totals     4     $1,660,000     $415,000     $387,000     72                        Non Co-op Sales     0                    0                   Co-op Sales    ...
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