For the month of May, the Outer Banks MLS saw 7 homes sold.  Six were single family homes and 1 was a co-ownership.  Prices in Duck ranged from $72,500 to $1,500,000.  Two homes in Duck sold for in the million plus range. 

As far as active homes in Duck, we are currently down to 182.  The active listings in Duck are broken down into 9 co-ownerships, 18 condos, 2 townhomes, and 153 single-family homes.  The price of homes in Duck is currently ranging between $349,900 for a 3 bedroom 2 bath home in Sanderling to $7,995,000 for a 10 bedroom oceanfront home in Palmers Island.

If you love life in Duck, then today's market is a great time to be a buyer. 

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The state of the real estate market in Nags Head is definitely improving.  13 homes sold in the month of May in Nags Head.  The sold homes ranged in price from $72,000 to $1,355,000.  We definitely are starting to see some of the bigger priced homes starting to move.  A sign of an improving market in Nags Head is the fact their are only 8 potential short sales, 56994, 58112, 60006, 59540, 52200, 60021, 61253, 60564, currently active on the Outer Banks MLS.  Another encouraging sign is the fact that we are down to only 4 bank owned homes in Nags Head, 60329, 60741, 60688, 61464. 


Nags Head Sold Stats May 2009

     Total Number of Homes Sold Avg. Sale Price Median Sold Price Average DOM

Nags Head Oceanside




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corolla_short_sale_400Below are the available short sales in Corolla, North Carolina.  Short sales offer excellent opportunities to buy a home in the Outer Banks.  Corolla is traditionally one of the most sought after resort towns of the OBX to own a home.  As you will see below many of the available short sales offer rental income, which will offset the costs of home ownership. 

If you don't find any short sales that interest you, try and join the Outer Banks Bank Owned home list  

Corolla Short Sales


MLS # Price Beds Inc. Range Subdivision
57724 $275,000.00 3 The Currituck Club
54198 $389,000.00 4 15-20 The Currituck Club
59660 $455,000.00 5 15-20 Ocean Sands
60708 $479,000.00 6 15-20 Crown Point
61589 $479,999.00 5 15-20 Ocean Sands

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kill_devil_hills_short_salesHere are the current available short sales in Kill Devil Hills.  There are a wide variety of prices, from $98,900 to $655,000.  Short sales can be an excellent way to invest in a Kill Devil Hills home.  Short sales are going to require lender approval for any deal. 

Kill Devil Hills Short Sales

MLS # Price Beds
58519 $98,900.00 3
60243 $155,000.00 2
61017 $169,000.00 3
59313 $175,000.00 2
60894 $177,000.00 2
59791 $179,900.00 3
57450 $195,000.00 2
59583 $205,900.00 3
59309 $230,000.00 3
56506 $235,000.00 3
55959 $289,000.00 3
60811 $299,000.00 3
60261 $299,000.00 3
59477 $299,000.00 2
59083 $299,000.00 3
57640 $299,000.00 4
60042 $319,900.00 3
57704 $320,000.00 3
57629 $325,000.00 5

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Wondering what is happening with homes in Kill Devil Hills?  I have your local market information.  Kill Devil Hills westside was the area of KDH with the most sold homes, 49 and shortest days on the market, 146.  We saw a total of 64 homes sold so far in Kill Devil Hills. 

Prices of sold Kill Devil Hills homes range from $80,000 to $705,000.  The average sale price through the first 5 months of 2009 for Kill Devil Hills is $234,846.  Good news for those looking to sell a home or condo in Kill Devil Hills, the average days on the market is down to 175 even less for those on the westside. 

Search Kill Devil Hills Homes for Sale

Kill Devil Hills Market Report

Kill Devil Hills Oceanside 2 $777,500 $388,750 $388,750 259
Kill Devil Hills b/w…

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outer_banks_home_depotIf you own a home in the Outer Banks, chances are you are going to have to make repairs.  If your like many Outer Banks home owners you will enjoy improving and maintaining your property.  The closer you live to the water, seemingly the more repairs you have.  If you are making repairs, you have a few choices where to get your supplies.  All the choices in the Outer Banks are good, just depends what you are looking for. 

There is a Home Depot, six Ace Hardwares, and 3 branches of a local store, Kelloggs.  All 3 stores offer your basic home repair needs.  Home Depot has the largest store of the three but only 1 location.  Ace offers smaller stores but has a 5 location on the beach including Corolla, Kitty Hawk, and Nags Head, Manteo, and Avon.  Kelloggs…

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Below are the numbers for Outer Banks bank owned homes total sales through May 31, 2009.  There were 75 total homes sold.  Those homes had a combined value of $23,264,821 and 24% of all bank owned purchases were cash deals.  The average days on market was 140 days.  Recently, the market has seen the good opportunities, are being picked right up..  Corolla bank owned homes were seemingly snatched right up, with an average of 48 and 64 days on the market. 

For bank owned homes pre-qualification is a necessity.  For additional information and to find out what homes are currently available, join the Outer Banks bank owned home list

 Outer Banks REO - Bank Owned Homes Sold Data

    Other 1 $185,500 $185,500 $185,500 217

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     Often analyzing a market can help you find the best areas for opportunity.  May was a strong month for the Outer Banks real estate market, 95 residential properties were sold for a total of $36,059,099.  There was a wide disparity on how long those properties were on the market.  The shortest time a home was on the market was 21 days to a long of 1115 days with an average length of 197 days.  (For those looking to sell, it is on average a little longer than 6 month process from listing to sale)  The list to sale price has been trending close and closer and this month the average difference was only $35,978.

Some Interesting Points in the OBX MLS Statistics

  • 15.78% of all buyers paid cash                                       
  • Colington Harbour…

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