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Dare County, NC Real Estate News

By Greg Cremia
(Shore Realty of the Outer Banks)
Southern Shores NC Residential Home Sale Analysis For 2024 OverviewThis report analyzes the residential home market in Kitty Hawk, NC, based on recent sales data. Key metrics include the number of listings, dollar volume, average and median sale prices, and average days on market (DOM). The report also examines sales trends by financing type and area to provide a comprehensive view of the market.Market Summary Total Sales: Number of Listings: 82 Dollar Volume: $85,806,064 Average Sale Price: $1,046,415 Median Sale Price: $789,999 Average Days on Market (DOM): 37 Sales by Financing Type: Conventional Loans: Listings: 45 Total Volume: $39,725,139 Average Price: $882,781 Median Price: $780,000 Average DOM: 42 Cash Sales: Listings: 26 Total Volume: $32,851,125 Average Price: $1,263,505 Medi...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Kitty Hawk NC Residential Home Sale Analysis For 20241. OverviewKitty Hawk, NC, demonstrates a robust residential real estate market with a total of 90 homes sold and a total dollar volume of $56,567,162. The average price stands at $628,524, while the median price is $592,500, indicating a balanced market with some higher-end sales pulling the average slightly above the median. The average days on market (DOM) is 38 days, suggesting healthy demand and timely sales.2. Breakdown by Financing MethodUnderstanding financing methods gives insight into buyer profiles and preferences: Conventional Loans: 54 homes sold with a total volume of $34,764,101. Average price: $643,780; Median price: $625,000. Average DOM: 40 days – a standard timeframe reflecting solid buyer activity. FHA Loans: 1 hom...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Kill Devil Hills NC Residential Home Sale Analysis For 2024The following professional analysis evaluates residential real estate sales data for homes sold in Kill Devil Hills, NC. This report examines market trends, buyer behavior, financing methods, and area-specific dynamics based on the provided sales statistics.Market OverviewThe residential real estate market in Kill Devil Hills reflects a robust sales environment with 272 total listings and a cumulative dollar volume of $161,090,292. Key metrics, such as average and median sale prices and days on market (DOM), provide insight into buyer preferences and market trends: Average Sale Price: $592,244 Median Sale Price: $550,000 Average DOM: 62 days These figures suggest a balanced market where homes are moving steadily, with pricing al...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Residential Sales Breakdown For 2024 Home Sales in Old Nags Head Cove in Nags Head NC Conventional Sales: Number of Listings: 10 Dollar Volume: $6,062,900 Average Price: $606,290 Median Price: $577,000 Average Days on Market (DOM): 34 VA Sales: Number of Listings: 1 Dollar Volume: $535,000 Average Price: $535,000 Median Price: $535,000 Average DOM: 14 Cash Sales: Number of Listings: 2 Dollar Volume: $1,871,000 Average Price: $935,500 Median Price: $935,500 Average DOM: 38 Analysis by Area Nags Head Westside: Number of Listings: 13 Dollar Volume: $8,468,900 Average Price: $651,454 Median Price: $579,000 Average DOM: 33 Sales Type Breakdown Non Co-op Sales: Number of Listings: 4 Dollar Volume: $2,464,900 Average Price: $616,225 Median Price: $555,000 Average DOM: 32 Co-op Sales: Number o...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Analyzing the Sales Data for 2024 Home Sales in George Stronic Subdivision in Nags Head NCThe sales data for the Geo Stronic subdivision in Nags Head, NC, reveals intriguing insights into the local real estate market. Here's a breakdown of the key trends and figures from recent transactions.1. Market Overview by Sale TypeThe six residential properties sold within the subdivision were financed through a variety of methods, highlighting diverse buyer profiles: Conventional Loans: Number of Sales: 2 Dollar Volume: $2,795,000 Average Price: $1,397,500 Median Price: $1,397,500 Average Days on Market (DOM): 27 Cash Purchases: Number of Sales: 3 Dollar Volume: $5,057,500 Average Price: $1,685,833 Median Price: $1,450,000 Average DOM: 69 Jumbo Loans: Number of Sales: 1 Dollar Volume: $1,140,000...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Nags Head NC Homes Sold January 1, 2024 Through January 1, 2025Market OverviewTotal Sales Snapshot: Total Listings: 129 Dollar Volume: $131,260,368 Average Price: $1,017,522 Median Price: $838,858 Average Days on Market (DOM): 51 The residential market is thriving, with strong sales volume and relatively stable market activity as reflected in the average DOM.Analysis by Financing TypeBreaking down sales by financing method reveals diverse buyer strategies: Conventional Loans: 82 listings (largest share) Dollar volume: $71.3M Average Price: $869,921 Median Price: $766,450 Average DOM: 47 Insight: Conventional loans dominate the market, appealing to buyers with moderate-to-high credit reliability. Cash Sales: 31 listings Dollar volume: $37.88M Average Price: $1,222,071 (highest among fina...
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By Greg Cremia
(Shore Realty of the Outer Banks)
First Flight Village Homes Sold Jan 1, 2023 To Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     10     $4,848,600     $484,860     $436,150     34                   VA     1     $479,900     $479,900     $479,900     37                   Cash     2     $810,000     $405,000     $405,000     10          Analysis By Area                   Kill Devil Hills Westside     13     $6,138,500     $472,192     $439,000     30                   Totals     13     $6,138,500     $472,192     $439,000     30                        Non Co-op Sales     2     $1,053,300     $526,650     $526,650     31                   Co-op Sales     11     $5,085,200     $462,291     $439,000 ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Sea Crest Village Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     4     $3,230,000     $807,500     $760,000     27                   Cash     1     $6,050,000     $6,050,000     $6,050,000     3          Analysis By Area                   Southern Shores Oceanside     5     $9,280,000     $1,856,000     $820,000     22                   Totals     5     $9,280,000     $1,856,000     $820,000     22                        Non Co-op Sales     1     $1,100,000     $1,100,000     $1,100,000     2                   Co-op Sales     4     $8,180,000     $2,045,000     $760,000     27                   Total Sales     5     $9,280,000     $1,8...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Chicahauk Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     2     $1,410,000     $705,000     $705,000     7                   Conventional     10     $7,012,300     $701,230     $739,950     29                   FHA     1     $562,000     $562,000     $562,000     39                   Cash     4     $3,105,500     $776,375     $772,500     43          Analysis By Area                   Southern Shores Westside     17     $12,089,800     $711,165     $739,900     30                   Totals     17     $12,089,800     $711,165     $739,900     30                        Non Co-op Sales     2     $1,189,900     $594,950     $594,950     13         ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Southern Shores Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     2     $1,410,000     $705,000     $705,000     7                   Conventional     47     $38,745,600     $824,374     $740,000     45                   FHA     2     $979,000     $489,500     $489,500     24                   VA     2     $1,765,000     $882,500     $882,500     5                   Cash     20     $21,822,000     $1,091,100     $705,750     39                   Owner Finance     1     $625,000     $625,000     $625,000     60                   Private     1     $327,000     $327,000     $327,000     40                   Jumbo Loan     1     $1,100,000     $1,100...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Southridge Homes Sold Jan 1, 2023 To Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     5     $3,414,900     $682,980     $661,000     53                   Cash     1     $490,000     $490,000     $490,000     27          Analysis By Area                   Nags Head Westside     6     $3,904,900     $650,817     $657,950     49                   Totals     6     $3,904,900     $650,817     $657,950     49                        Non Co-op Sales     0                    0                   Co-op Sales     6     $3,904,900     $650,817     $657,950     49                   Total Sales     6     $3,904,900     $650,817     $657,950     49   Southridge Homes Sold Jan 1,...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Sea Scape Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     5     $3,121,900     $624,380     $647,000     47          Analysis By Area                   Kitty Hawk Westside     5     $3,121,900     $624,380     $647,000     47                   Totals     5     $3,121,900     $624,380     $647,000     47                        Non Co-op Sales     1     $519,900     $519,900     $519,900     10                   Co-op Sales     4     $2,602,000     $650,500     $676,000     56                   Total Sales     5     $3,121,900     $624,380     $647,000     47  Sea Scape Homes Sold Jan 1, 2022 to Jan 1, 2023     Sold Market          No. of...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Kitty Hawk Landing Homes Sold Jan 1, 2023 To Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     4     $2,446,000     $611,500     $604,500     15                   Cash     2     $1,160,000     $580,000     $580,000     12          Analysis By Area                   Kitty Hawk Westside     6     $3,606,000     $601,000     $595,000     14                   Totals     6     $3,606,000     $601,000     $595,000     14                        Non Co-op Sales     0                    0                   Co-op Sales     6     $3,606,000     $601,000     $595,000     14                   Total Sales     6     $3,606,000     $601,000     $595,000     14  Kitty Hawk Landing...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Kitty Hawk Beach Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     10     $7,720,000     $772,000     $710,000     40                   Cash     7     $6,382,500     $911,786     $1,012,500     9          Analysis By Area                   Kitty Hawk Oceanside     2     $2,035,000     $1,017,500     $1,017,500     34                   Kitty Hawk between Hwys     14     $11,712,500     $836,607     $827,500     28                   Kitty Hawk Westside     1     $355,000     $355,000     $355,000     5                   Totals     17     $14,102,500     $829,559     $850,000     27                        Non Co-op Sales     5     $4,275,000...
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By Greg Cremia
(Shore Realty of the Outer Banks)
First Flight Ridges Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     1     $799,995     $799,995     $799,995     7                   VA     1     $999,900     $999,900     $999,900     12                   Cash     1     $960,000     $960,000     $960,000     7          Analysis By Area                   Kitty Hawk Westside     3     $2,759,895     $919,965     $960,000     9                   Totals     3     $2,759,895     $919,965     $960,000     9                        Non Co-op Sales     0                    0                   Co-op Sales     3     $2,759,895     $919,965     $960,000     9                   Total Sales     3   ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Kitty Hawk Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     47     $37,394,794     $795,634     $690,000     48                   VA     2     $1,649,900     $824,950     $824,950     75                   Cash     18     $18,614,519     $1,034,140     $854,500     20                   Owner Finance     1     $724,900     $724,900     $724,900     27                   Jumbo Loan     2     $2,508,550     $1,254,275     $1,254,275     5          Analysis By Area                   Duck Oceanside     1     $680,000     $680,000     $680,000     6                   Southern Shores Westside     2     $1,677,500     $838,750     $838,750     57 ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Orville Beach Homes Sold Jan 1, 2023 to Jan 1, 2024      Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     4     $2,576,150     $644,038     $534,950     66                   Cash     3     $2,508,000     $836,000     $630,000     7          Analysis By Area                   Kill Devil Hills Oceanside     1     $994,000     $994,000     $994,000     241                   Kill Devil Hills Westside     6     $4,090,150     $681,692     $543,950     8                   Totals     7     $5,084,150     $726,307     $549,900     41                        Non Co-op Sales     1     $549,900     $549,900     $549,900     5                   Co-op Sales     6     $4,534,250     $755,708  ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Virginia Dare Shores Homes Sold Jan 1, 2023 To Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     18     $11,601,700     $644,539     $658,750     36                   VA     1     $689,900     $689,900     $689,900     34                   Cash     6     $3,654,250     $609,042     $612,625     17          Analysis By Area                   Kill Devil Hills b/w Hwys     6     $4,182,500     $697,083     $607,000     15                   Kill Devil Hills Westside     19     $11,763,350     $619,124     $666,250     37                   Totals     25     $15,945,850     $637,834     $662,500     32                        Non Co-op Sales     1     $627,000     $627,0...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Nags Head Acres Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $1,232,500     $616,250     $616,250     53                   Cash     3     $1,790,250     $596,750     $550,000     53          Analysis By Area                   Nags Head Westside     5     $3,022,750     $604,550     $550,000     53                   Totals     5     $3,022,750     $604,550     $550,000     53                        Non Co-op Sales     0                    0                   Co-op Sales     5     $3,022,750     $604,550     $550,000     53                   Total Sales     5     $3,022,750     $604,550     $550,000     53  Nags Head Acres Homes ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Moor Shores Homes Sold Jan 1, 2023 To Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     6     $3,774,000     $629,000     $602,000     12                   Cash     1     $739,900     $739,900     $739,900     2                   Jumbo Loan     1     $1,385,000     $1,385,000     $1,385,000     1          Analysis By Area                   Kill Devil Hills Westside     8     $5,898,900     $737,363     $722,450     9                   Totals     8     $5,898,900     $737,363     $722,450     9                        Non Co-op Sales     3     $1,979,900     $659,967     $739,900     15                   Co-op Sales     5     $3,919,000     $783,800     $705,000    ...
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