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 44 blog entries related to this category.
February 2010 Outer Banks Market Report
Tuesday, March 16th, 2010 at 7:52am. 42 Views, 0 Comments.
Though it was another cold month here, February Outer Banks home sales saw an increase over 2009. Both months of 2010, have been stronger than their 2009 counterparts. All initial indications show March as being another strong month.
An increase in home sales coupled with a decline in inventory, points to encouraging signs for the local real estate market.
February OBX Real Estate Market Recap
- Distress Sales, bank owned and short sales, accounted for 39% of all sold homes
- January & February Median Home Price above $330,000
- There was a 100% increase in land sales (18 vs. 9) *
- 9% decline in total homes available (2,181 vs. 2,373)*
- 17% increase in pending home sales (137 vs. 117) *
March…
Outer Banks Foreclosed Home Sales for February 2010
Friday, March 12th, 2010 at 12:30pm. 101 Views, 0 Comments.
Distress sales, bank owned homes and short sales, continue to make up a large portion of the sold homes along the Outer Banks. For the month of February, distress sales made up 39% of the homes sold. Bank owned homes continue to lead short sales by almost 2 to 1.
It seems some excellent opportunities can be found in foreclosed/bank owned homes. You can search the available foreclosed homes in the Outer Banks or register for the March 20th Foreclosure Tour. The foreclosure tour is going to be a great way to spend an afternoon, learning more about available foreclosed homes.
January 2010 Outer Banks Real Estate Market Report
Wednesday, February 17th, 2010 at 8:42am. 223 Views, 0 Comments.
Despite well below normal temperatures for all of January, the Outer Banks real estate market was hot. We saw an increase of 102% for residential sales, 82 sales in 2010 to 40 sales in January 2009. Distress sales, bank owned homes and short sales made up 40% of all sales. If January is any indicator of the coming spring, we are looking at a much improving real estate market.
January Real Estate Highlights
- 22 homes sold in the $300,000 - $399,000 price range
- $100,000 increase in residential median sold price
- An 11 percent decline in total inventory of homes
- Residential Sales doubled January 2009 to January 2010
For those considering selling their home. Spring is traditionally a strong time of year for real estate in the Outer Banks. …
Homesites are Selling in Southern Shores
Tuesday, February 16th, 2010 at 10:21am. 43 Views, 0 Comments.
There have been four lots that have been placed under contract during January and another one has sold for $325,000. Prices have come down but there are buyers looking to purchase lots. I have received calls on my lot listing at 57 Trinitie Trail.
If you would like more information about selling your lot, I would be happy to speak with you. You can call me directly at 252-489-8687.
Southern Shores 4th Quarter 2009 - Sold Homes
Saturday, January 16th, 2010 at 9:12am. 67 Views, 0 Comments.
Southern Shores 4th Quarter 2009 - Sold Homes
| Price | Address | Beds | Full Baths | Partial Baths | Subdivision |
| $700,000 | 18 Ocean View Loop | 5 | 5 | 1 |
Lynette B Lenar |
| $710,000 | 14 Twelfth Avenue | 5 | 3 | 1 | Sea Crest Village |
| $385,000 | 19 First Avenue | 4 | 2 | 0 | Sea Crest Village |
| $489,500 | 7 Teal Court | 5 | 5 | 2 | So/Sh Amended |
| $340,000 | 220 Hillcrest Drive | 4 | 2 | 1 | So/Sh Beach |
| $620,000 | 92 Duck Woods Drive | 3 | 3 | 0 | So/Sh Soundside |
| $365,000 | 264 Sea Oats Trail | 4 | 2 | 1 | …
Duck 4th Quarter 2009 - Sold Homes
Thursday, January 14th, 2010 at 6:23am. 182 Views, 1 Comments.
Though only 22 homes in Duck were sold during the 4th quarter, October 1, 2009 to December 31, 2009, the average sold home price was an outstanding $717,800. A total of $15,791,600 was sold during the quarter.
5 luxury homes, homes over $1,000,000, were sold during the quarter with 2 breaking the $2,000,000 barrier. The breakdown of residential sales were: 2 condos, 2 co-ownerships, and 18 single family homes. The only negative for those looking to sell their home in Duck is the average home took 268 days to be sold.
Duck 4th Quarter Sold Homes
| Price | Address | Beds | Full Baths | Partial Baths | Subdivision | |
| $1,000,000 | 102 Amy Lane | 6 | 6 | 2 | Amy Acres | |
2009 Outer Banks Market Statistics
Wednesday, January 13th, 2010 at 11:30am. 249 Views, 2 Comments.
Below is a compilation of Outer Banks market statistics from January 1 until December 31, 2009. As you will see 2009 saw a higher number of sold homes than 2008, but they were for an lower average price. For those looking to buy real estate in the Outer Banks, this is an encouraging sign.
Lower prices and higher volume can often signal a market that is getting stronger. One of factors that drove the total dollar amount of real estate sold, was the number of foreclosures that were bought along the Outer Banks. We saw 160 Outer Banks foreclosures sold in 2009 with an average sale price of $328,983. The average sale price of an OBX foreclosure was almost $78,000 less that the average non bank owned home.
Whether of not we are at the bottom of the…
2009 Year End Outer Banks Commercial Real Estate Report
Wednesday, January 13th, 2010 at 9:20am. 105 Views, 1 Comments.
Like much of the US, commercial real estate had a slow year along the Outer Banks. We saw only 19 commercial properties change hands. For those looking, there are great opportunities in Outer Banks businesses for sale, one niche of the market that continues to have strong interest is, OBX restaurants for sale.
2009 Year End Outer Banks Commercial Real Estate Report
| Type | Price | Address | City |
| Retail | $127,500 | 520-E Old Stoney Road | Corolla |
| Retail | $250,000 | 25 Lazy Lane | Engelhard |
| Other | $160,000 | 53203 Delmer Willis Road | Frisco |
| Restaurant | $150,000 | 53060 NC 12 Highway | Frisco |
| Gas |
Kitty Hawk 4th Quarter 2009 - Sold Homes Report
Wednesday, January 13th, 2010 at 8:28am. 80 Views, 0 Comments.
Below are the sold home statistics for the 4th quarter, October 1 - December 31, 2009, for Kitty Hawk.
Kitty Hawk 4th Quarter 2009 - Sold Homes
| Price | Address | Beds | Full Baths | Partial Baths | Subdivision |
| $153,000 | 2009 Wrightsville Boulevard | 1 | 1 | 0 | Banks Condos |
| $574,500 | 202 Harbour Bay Drive | 4 | 3 | 1 | Harbour Bay |
| $277,000 | 201 Ascension Drive | 5 | 5 | 1 | Kitty Dunes Hgt |
| $570,000 | 4319 Lindbergh Avenue | 4 | 3 | 2 | Kitty Hawk Beach |
| $208,000 | 3940 Tarkle Ridge Drive | 3 | 2 | 0 | Kitty Hawk Landing |
| $265,000 | 4271 … |
Corolla 4th Quarter 2009 - Sold Homes
Tuesday, January 12th, 2010 at 1:36pm. 210 Views, 0 Comments.
The 4th quarter of 2009 in Corolla, was strong with just over $28,000,000 in real estate sold. A very encouraging sign is the increased sales throughout the many communities in Corolla. Homes in Pine Island sold strong with 4 homes over $1,000,000 selling. We also saw a home sell for as high as $2,400,000. Besides having 4 homes sold over $1,000,000 Pine Island was the Corolla community with the most homes sold. Both those are good signs for the strengthening of the Corolla luxury home market.
The rest of the sold homes were pretty well divided with Corolla Light, Whalehead Club, The Currituck Club, and Ocean Sands each having 5 homes sold. It looks like the 1st quarter of 2010 could be interesting with the coming spring buying season.