Nags Head, NC Real Estate News

By Greg Cremia
(Shore Realty of the Outer Banks)
This article will be analyzing the real estate market in Nags Head on the Outer Banks by comparing the sales of single family homes during the first six months of 2016 and the first 6 months of 2017. The spreadsheets below break down the single family home sales in the 4 distinct geographic areas. Each of these areas has distinct qualities that require separate analysis.Oceanside is the area of town located on the east side of RT12 (beach road) and consists mainly of the row of ocean front houses from 8th St to Whalebone Beaches, with a few exceptions where there is a sul de sac adding some none oceanfront properties into the equation. These homes are almost all oceanfront.South Nags Head is the area south of Whalebone Beaches down to the towns border with the Cape Hatteras National Sea...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 As you can see in the 2 charts below, the number of residential sales dropped a bit while at the same time the median price increased. This data is for single family homes, condos and town houses combined and is supplied by the Outer Banks Association of Realtors. The median price of a residential property in Nags Head went up 4% from 2015 to 2016 from $370,000 to $383,500.Your property in Nags Head might have gone up or it could have gone down in Value. Not all areas in Nags Head are experiencing the same market increase.The median price of westside house in Nags Head is $325,000 compared to $291,000 the year before and $277,500 the year before that. This 11% gain in housing on the westside, or soundside, in Nags Head, offsets the continual loss of value the area in between the two ma...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Market Update For Conch Shell Estates in South Nags Head 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     1     $379,000     $379,000     $379,000     0                   Conventional     2     $984,000     $492,000     $492,000     185                   Cash     1     $285,000     $285,000     $285,000     56          Analysis By Area                   Nags Head between hwys     4     $1,648,000     $412,000     $402,000     106                   Totals     4     $1,648,000     $412,000     $402,000     106                        Non Co-op Sales     0                    0                   Co-op Sales     4     $1,648,000     $412,000     $402,000     106                   Total Sales  ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Villages at Nags Head 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     15     $6,875,400     $458,360     $480,000     217                   Cash     3     $1,425,400     $475,133     $429,900     418                   Owner Finance     1     $650,000     $650,000     $650,000     214          Analysis By Area                   Nags Head Oceanside     2     $1,340,000     $670,000     $670,000     140                   Nags Head between hwys     2     $1,045,000     $522,500     $522,500     302                   Nags Head Westside     15     $6,565,800     $437,720     $429,900     256                   Totals     19     $8,950,800     $471,095     $480,000     248   ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Nags Head Shore 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     1     $650,000     $650,000     $650,000     109                   Conventional     14     $6,397,000     $456,929     $466,500     183                   Cash     2     $1,015,000     $507,500     $507,500     55          Analysis By Area                   Nags Head Oceanside     3     $2,043,000     $681,000     $745,000     181                   Nags Head between hwys     14     $6,019,000     $429,929     $431,250     160                   Totals     17     $8,062,000     $474,235     $483,000     164                        Non Co-op Sales     3     $1,512,500     $504,167     $485,000     190                ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
      Sold Market North Ridge Estates 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     4     $1,208,900     $302,225     $279,500     90          Analysis By Area                   Nags Head Westside     4     $1,208,900     $302,225     $279,500     90                   Totals     4     $1,208,900     $302,225     $279,500     90                        Non Co-op Sales     0                    0                   Co-op Sales     4     $1,208,900     $302,225     $279,500     90                   Total Sales     4     $1,208,900     $302,225     $279,500     90       Sold Market North Ridge Estates 2015          No. of Listings     Dollar Volume     Average Price     Median Price     Av...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Old Nags Head Cove 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     1     $275,000     $275,000     $275,000     96                   Conventional     14     $4,596,432     $328,317     $314,100     158                   VA     1     $289,000     $289,000     $289,000     325                   Cash     3     $1,247,000     $415,667     $385,000     320          Analysis By Area                   Nags Head Westside     19     $6,407,432     $337,233     $315,000     189                   Totals     19     $6,407,432     $337,233     $315,000     189                        Non Co-op Sales     2     $865,000     $432,500     $432,500     70                   Co-op Sales     17  ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Edwards Subdivision Homes 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     1     $420,000     $420,000     $420,000     50                   Cash     1     $406,000     $406,000     $406,000     105          Analysis By Area                   Nags Head between hwys     2     $826,000     $413,000     $413,000     78                   Totals     2     $826,000     $413,000     $413,000     78                        Non Co-op Sales     0                    0                   Co-op Sales     2     $826,000     $413,000     $413,000     78                   Total Sales     2     $826,000     $413,000     $413,000     78  No houses were sold in the subdivision of Edwards d...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market George T Stronich Homes 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     5     $2,995,500     $599,100     $563,000     295                   Cash     1     $1,037,500     $1,037,500     $1,037,500     282                   Jumbo Loan     2     $2,133,000     $1,066,500     $1,066,500     86          Analysis By Area                   Nags Head Oceanside     2     $2,462,500     $1,231,250     $1,231,250     193                   Nags Head between hwys     6     $3,703,500     $617,250     $571,500     257                   Totals     8     $6,166,000     $770,750     $644,000     241                        Non Co-op Sales     0                    0                   C...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Nags Head Beach Homes 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     1     $559,000     $559,000     $559,000     128                   Cash     1     $225,000     $225,000     $225,000     69          Analysis By Area                   Nags Head between hwys     2     $784,000     $392,000     $392,000     99                   Totals     2     $784,000     $392,000     $392,000     99                        Non Co-op Sales     0                    0                   Co-op Sales     2     $784,000     $392,000     $392,000     99                   Total Sales     2     $784,000     $392,000     $392,000     99        Sold Market Nags Head Beach 2015          No. of ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Goose Wing Homes 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $724,900     $362,450     $362,450     450                   Cash     1     $333,800     $333,800     $333,800     257          Analysis By Area                   S. N.H. East/Old Oregon R     2     $748,700     $374,350     $374,350     175                   S. N.H. West/Old Oregon R     1     $310,000     $310,000     $310,000     806                   Totals     3     $1,058,700     $352,900     $333,800     385                        Non Co-op Sales     0                    0                   Co-op Sales     3     $1,058,700     $352,900     $333,800     385                   Total Sales     3...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Old Nags Head Place Homes 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     3     $1,456,600     $485,533     $455,000     354                   Cash     2     $1,582,000     $791,000     $791,000     36          Analysis By Area                   Nags Head between hwys     5     $3,038,600     $607,720     $560,000     227                   Totals     5     $3,038,600     $607,720     $560,000     227                        Non Co-op Sales     2     $1,582,000     $791,000     $791,000     36                   Co-op Sales     3     $1,456,600     $485,533     $455,000     354                   Total Sales     5     $3,038,600     $607,720     $560,000     227       Sol...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Pebble Beach Shores 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $1,782,000     $891,000     $891,000     244                   Cash     1     $690,000     $690,000     $690,000     128          Analysis By Area                   Nags Head Oceanside     1     $1,272,000     $1,272,000     $1,272,000     46                   Nags Head between hwys     2     $1,200,000     $600,000     $600,000     285                   Totals     3     $2,472,000     $824,000     $690,000     205                        Non Co-op Sales     1     $1,272,000     $1,272,000     $1,272,000     46                   Co-op Sales     2     $1,200,000     $600,000     $600,000     285  ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Southridge 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     7     $1,988,535     $284,076     $284,900     169                   Cash     1     $333,000     $333,000     $333,000     81          Analysis By Area                   Nags Head Westside     8     $2,321,535     $290,192     $302,400     158                   Totals     8     $2,321,535     $290,192     $302,400     158                        Non Co-op Sales     0                    0                   Co-op Sales     8     $2,321,535     $290,192     $302,400     158                   Total Sales     8     $2,321,535     $290,192     $302,400     158         Sold Market 2015          No. of Listings     Dol...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market South Creek Acres 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $910,000     $455,000     $455,000     203                   VA     1     $570,000     $570,000     $570,000     49          Analysis By Area                   S. N.H. West/Old Oregon R     3     $1,480,000     $493,333     $480,000     151                   Totals     3     $1,480,000     $493,333     $480,000     151                        Non Co-op Sales     1     $430,000     $430,000     $430,000     227                   Co-op Sales     2     $1,050,000     $525,000     $525,000     114                   Total Sales     3     $1,480,000     $493,333     $480,000     151        Sold Market 20...
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By Greg Cremia
(Shore Realty of the Outer Banks)
4711 S Croatan Highway, Nags HeadList Price: $99,000Sold Price: $99,000Bank Owned Commercial condo in Croatan Centre Nags Head! Currently set up as office but could be retail. Great neighbors with considerable visability and excellend accessibility to 4711 S Croatan Highway, Nags Head`List Price: $116,000Sold Price: $110,500Bank Owned Commercial Condo in the heart of Nags Head. Solid tenants for adjacent shops. Convenient to OBX Hospital and Mall and restaurants. currently set up as office but could be 4711 S Croatan Highway, Nags HeadList Price: $119,000Sold Price: $107,000Croatan Centre Commercial Condo. Great Opportunity for Retail or Office space with good exposure right on the Highway in Nags Head. 4711 S Croatan Highway, nags HeadList Price: $119,900Sold Price: $105,000Wonderful ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
111 E Morning View Place, Nags HeadList Price: $274,900Sold Price: $282,000Bedrooms-3Full Baths-1Step into this home and you'll realize that everything has been upgraded! This is what you would call an adorable, comfortable place to enjoy your Nags Head vacation. Great location "b 112 E Morning View Place, Nags HeadList Price: $234,900Sold Price: $229,450Bedrooms-3Full Baths-2Clean, neat, well-kept vintage Nags Head cottage priced to sell as-is, physical condition. Not priced to polish up 30 year old vacation cottage imperfections. 119 E Morning View Place, Nags HeadList Price: $269,900Sold Price: $265,000Bedrooms-3Full Baths-2Beautifully furnished and decorated beach box. Must see property for beach box lovers. Great elevated sun deck with views of ocean, short walk to the beach and a...
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By Greg Cremia
(Shore Realty of the Outer Banks)
4905 D1 Virginia Dare Trail, Nags HeadList Price: $335,000Sold Price: $308,175Bedrooms-3Full Baths-3Ocean front condo with parking under. 1st level = entrance only; 2nd level = 1 bedrm, family / din / kit; 3rd or top level: 2 bedrms. Decks with ocean views and pool. This propert 4905 S Virginia Dare Trail, Nags HeadList Price: $370,000Sold Price: $360,000Bedrooms-3Full Baths-3OCEANFRONT 3 bedroom, 3 bathroom upgraded condo in Nags Head. The already gorgeous, stable beach is included in Nags Head beach nourishment project. Recently added to the rental progr 4905 B6 S Virginia Dare Trail, Nags HeadList Price: $379,900Sold Price: $350,000Bedrooms-3Full Baths-3Gorgeous completely redone 3 bedroom oceanfront condo in the heart of Nags Head! Community pool and tennis courts. This is a large ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
107 W Gray Eagle Street, Nags HeadList Price: $294,900Sold Price: $280,000Bedrooms-3Full Baths-2Exceptional care of this unit from one time owner. Looks brand new and with great views how can you go wrong at this price? Located on 2nd floor facing north you have shade on your de 107 W Gray Eagle Street, Nags HeadList Price: $319,500Sold Price: $299,000Bedrooms-3Full Baths-2AWESOME on-the-sound location in the south-east corner of the building provides OUTSTANDING water views from every room of the condo. From ocean to salt marsh to the sound. First level 107 W Gray Eagle Street, Nags HeadList Price: $349,000Sold Price: $330,000Bedrooms-3Full Baths-2AWESOME soundfront location in the west-north corner of the building provides two decks and water views from every room in the condo. True ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
D 6- 500 W Villa Dunes Drive, Nags HeadList Price: $219,900Sold Price: $214,500Bedrooms-2Full Baths-2Beautiful end unit with privacy AND sound views from patio and second floor. This unit boasts a beautiful kitchen, tile baths, tiled private patio, with sound views, upgraded interior a 500 K5 W Villa Dunes Drive, Nags HeadList Price: $229,000Sold Price: $225,000Bedrooms-3Full Baths-2This beautifully updated three bedroom, two and a half bath condo has sound and park views. Located near shopping and dining but with the benefit of being off the "main road", property 500 Villa Dunes Drive, Nags HeadList Price: $239,000Sold Price: $225,000Bedrooms-3Full Baths-2Fresh, clean, well-maintained and much-loved condo in the Villas on the high soundside elevation behind Jockey's Ridge. Ample ameni...
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