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 57 blog entries related to this category.
2009 Year End Outer Banks Commercial Real Estate Report
Wednesday, January 13th, 2010 at 9:20am. 162 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. 147 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. 492 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.
Nags Head 4th Quarter 2009 - Sold Homes
Monday, January 11th, 2010 at 5:39pm. 330 Views, 0 Comments.
34 homes were sold in Nags Head during the 4th Quarter, October 1 - December 31 2009. Nags Head homes had an impressive average sale price of $512,464. This number was partly aided by the sale of 5 homes for over $1,000,000.
Most of the homes over the $1,000,000 mark were from the, Geo T Stronrach subdivision and/or oceanfront. Though the average home was sold for $512,464, the average home was originally priced at $549,062.
For those looking to sell the average sold home was on the market for 218 days. Just over 7 months it took to sell the average home.
Nags Head 4th Quarter Sold Homes
| Price | Address | Beds | Full Baths | Partial Baths | Subdivision |
| $1,540,000 | 8227 S Old… |
Kill Devil Hills 4th Quarter 2009 Sold Homes
Monday, January 11th, 2010 at 12:17pm. 253 Views, 0 Comments.
Below you will find the homes sold in Kill Devil Hills from October 1, 2009 to December 31, 2009. There were a total of 55 homes sold in the quarter. There was an average sold price of $284,375. No homes over $1,000,000 were sold, but we did see 2 homes for $625,000 sold. For those considering, selling their home in Kill Devil Hills. The average list price of the homes sold was $298,392. In Kill Devil Hills we often see the list to sales price remaining close, so it is important to price your home correctly from the start. The average sold home was on the market for 192 days. If you are interested in learning more about selling your home, contact a consultant.
Kill Devil Hills 4th Quarter Sold Homes
| Price |
4th Quarter Corolla Sold Homes Report
Tuesday, January 5th, 2010 at 11:01am. 312 Views, 1 Comments.
Sales have doubled in Corolla in the last 3 months!
There were 16 properties that sold in Corolla ocean side from June 1 to August 31, 2009. There were 32 properties sold from September 1 to December 20, 2009.
Since June 1, the prices have ranged from $305,000 to $2,880,000 million. Below is a breakdown of prices per square foot and what communities had the most sold homes:
There were 15 properties sold in Whalehead which had a sold price per square foot ranging from $142.00 to $438.00 for ocean front.
There were 14 properties sold in Ocean Sands ranging from $141.00 to $334.00 per square foot.
Six properties sold in Pine Island with a price of $257.00 to $438.00 per square…
A look at Commercial Real Estate in the Outer Banks
Tuesday, January 5th, 2010 at 8:24am. 176 Views, 1 Comments.
Interesting look at the state of Outer Banks commercial real estate, and especially Dare County. As the article points out there is an upside to a currently downturned commercial real estate market. If you are looking to open or start a business on the Outer Banks, then right now it will cost you considerably less for rent as compared to just a few years ago.
Economic pains on display in Dare's empty storefronts
By Catherine Kozak
At numerous storefronts up and down the Outer Banks, "For Lease" signs are taped on windows instead of holiday decorations.
Shoppers are pinching pennies, more diners are eating in, and business owners have been forced to lay off workers, shut down early or close their doors for good. With construction and…
Outer Banks Foreclosure Information for November 2009
Wednesday, December 16th, 2009 at 12:31pm. 288 Views, 2 Comments.
Distress sales are made up of foreclosures and short sales. For the month of November of the Outer Banks we saw, distress sales make up 27% of the total sales. 17 foreclosed homes were sold in the month of November, along with 10 short sales for a total of 27 transactions. This was down from distress homes being 34% of the total sales in the month of October.
In the market as a whole we saw, 100 residential homes in the Outer Banks sold. The sold homes data for November was an increase of 5 and 3 units from September and October of this year. Another strong sign is, we saw an additional 42 homes sold this November, when compared to November a year ago. Such a large increase bodes well for the strengthening of the Outer Banks real estate market as…
October Sold Homes in the Outer Banks
Friday, November 6th, 2009 at 12:51pm. 552 Views, 1 Comments.
Below you will find the sold homes in and along the Outer Banks. You will find the location, address, list price, selling price, and days on the market. If you have any questions about buying a home in the Outer Banks, just let us know.
| Condos | ||||||
| Kitty Hawk b/w Highways | 2009 Wrightsville Boulevard | $159,000 | $153,000 | 96% | 73 | |
| Totals | $159,000 | $153,000 | 96% | 73 | ||
| Kitty Hawk Westside | ||||||
| 2904 Sea Horse Court | $167,900 | $161,250 | 96% | 66 | ||
| Totals | $167,900 | $161,250 | 96% | 66 | ||
| Nags Head Westside | ||||||
| 110 W Gray Eagle Street | $299,000 | $300,000 | 100% | 217 | ||
| Totals | $299,000 | $300,000 | 100% | 217 | ||
| Rodanthe… |
Outer Banks Luxury Homes Report
Wednesday, October 28th, 2009 at 12:43pm. 211 Views, 0 Comments.
Here are some interesting statistics on the Outer Banks luxury homes market. I used the figure of $1,000,000 to define a luxury home. Here is what is available on the Outer Banks MLS.
Available Outer Banks Luxury Homes
| $1,000,000 or more | 272 |
| $1,250,000 or more | 214 |
| $1,500,000 or more | 146 |
| $1,750,000 or more |
78 |
| $2,000,000 or more |
33 |
| $3,000,000 or more |
15 |
| $3,500,000 or more |
12 |