Outer Banks Market Report 
Outer Banks MLS Statistics - Outer Banks Market Report
Find out what is going on with the Outer Banks real estate market. You will find monthly updates on the Outer Banks MLS statistics, complete with any trends in the market.
There are currently 74 blog entries related to this category.
Real Estate on the Outer Banks is Looking Up
Tuesday, April 3rd, 2012 at 9:41am. 278 Views, 0 Comments.
The Outer Banks real estate market has seen a tick to the upside. Through February on the Outer Banks MLS we have seen an increase in both residential and land sales. These numbers are especially encouraging considering we are going into spring, which is normally the busiest time of the year for real estate on the Outer Banks.
We are continuing to find a number of available foreclosures and short sales. Bank owned properties are currently making up about 12% of the total inventory. The number of sold foreclosures has fallen while we have seen an increase in sold short sales.
The real estate trend for 2012 is definitely to the upside. We will have to wait for the spring numbers to come in to see if a trend is developing. For those looking to invest…
Duck - 2011 End of Year Market Report
Friday, February 10th, 2012 at 6:19pm. 218 Views, 0 Comments.
Duck End of Year Market Report
| Residential Real Estate Sales | 76 |
| Highest Sales Price |
$2,650,000 |
| Lowest Sales Price |
$46,000 |
| Median Days on Market |
237 |
| Average Sales Price | $585,000 |
Kitty Hawk - 2011 End of Year Market Report
Tuesday, February 7th, 2012 at 9:53pm. 89 Views, 0 Comments.
Here are a few sold home stats from 2011 in Kitty Hawk.
Kitty Hawk 2011 Market Report
| Residential Real Estate Sales | 70 |
| Highest Sales Price |
$675,000 |
| Lowest Sales Price |
$88,000 |
| Median Days on Market |
152 |
| Average Sales Price | $290,094 |
These statistics came from the Outer Banks Association of Realtors from January 1st to Decemeber 31st, 2011.
Nags Head - 2011 End of Year Market Report
Thursday, February 2nd, 2012 at 9:49pm. 225 Views, 0 Comments.
Here is a quick breakdown of the Nags Head Year End Market Report.
Nags Head End of Year Market Report
| Residential Real Estate Sales | 185 |
| Highest Sales Price |
$1,357,500 |
| Lowest Sales Price |
$32,000 |
| Median Days on Market |
157 |
| Average Sales Price | $407,118 |
Sales figures come from the Outer Banks Assc. of Realtors from January 1st to December 31st, 2011.
Kill Devil Hills - 2011 End of Year Market Report
Thursday, February 2nd, 2012 at 5:48pm. 161 Views, 0 Comments.
Here are the 2011 End of Year Market Report from Kill Devil Hills.
Kill Devil Hills End of Year Report Numbers
| Residential Real Estate Sales | 205 |
| Highest Sales Price |
$1,450,000 |
| Lowest Sales Price |
$65,000 |
| Median Days on Market |
110 |
| Average Sales Price | $242,129 |
Sales figures come from the Outer Banks Association of Realtors from January 1st to December 31st, 2011.
Corolla - 2011 End of Year Market Report
Wednesday, February 1st, 2012 at 9:38am. 118 Views, 0 Comments.
Here are a few market statistics for Corolla from January 1st to December 31st 2011.
Corolla Sold Homes Numbers
| Residential Real Estate Sales | 172 |
| Highest Sales Price |
$2,820,000 |
| Lowest Sales Price |
$99,000 |
| Median Days on Market |
172 |
| Average Sales Price | $670,806 |
Sales figures come from the Outer Banks Assc. of Realtors.
Outer Banks November Home Sales - 2005 to 2011 Comparison
Friday, December 23rd, 2011 at 7:34am. 182 Views, 0 Comments.
Here is a quick 7 year comparison of November sold homes on the Outer Banks. All the information came from the Outer Banks MLS for the month of November for the year listed.
2005 - 2011 November Sold Home Information
| Year | # of Homes Sold |
Median Sale Price |
| 2005 | 107 | $425,000 |
| 2006 | 72 | $443,250 |
| 2007 | 70 | $357,500 |
| 2008 | 52 | $334,575 |
| 2009 | 90 | $310,000 |
| 2010 | 90 | $318,750 |
| 2011 | 58 | $267,950 |
30 second - Outer Banks Market Report for September 2011
Thursday, November 3rd, 2011 at 10:11am. 227 Views, 0 Comments.
Read the entire - September 2011 Outer Banks Market Report
Outer Banks Market Report - September 2011
Tuesday, November 1st, 2011 at 9:08am. 258 Views, 0 Comments.
For the Month of September 70 Properties Sold between Corolla, Duck, Kill Devil Hills, Kitty Hawk, Nags Head, and Southern Shores.
Co-Ownership: 1 Condominiums: 5 Single Family Homes: 62 Townhomes: 2
The most expensive property sold in Duck for $2,650,000 at a price per square foot of $367.
Average Days on Market: 280 Lowest: 45 Highest 908
7 Bank Owned properties sold in the month.
The Average Sold Price of Properties came in at $460,592.
12 Properties Sold in 90 Days or Less.
Is Fall the best time to buy a home on the Outer Banks?
Sunday, September 25th, 2011 at 5:52pm. 341 Views, 0 Comments.
An interesting conversation I had today, Why are the fall months of September and October, the best time to buy a home on the Outer Banks?
Outer Banks Realtor & Corolla real estate specialist Daniel O'Brien explained, "Outer Banks home prices tend to bottom during the fall buying season as OBX home owners are looking to carry all their home's expenses for the entire winter and sometimes into the early part of spring. That is until the rental income starts to come in. In the fall, Outer Banks home owners, are more flexible on price. Buying in the Fall, it also gives the new home owner ample opportunity to make any changes to get ready for the upcoming Outer Banks rental season."
As our Corolla homes expert explained, "We are coming upon the…