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
| RESIDENTIAL | ||||||
| Other | 1 | $185,500 | $185,500 | $185,500 | 217 | |
| Conventional | 46 | $14,167,021 | $307,979 | $222,150 | 143 | |
| FHA | 7 | $1,277,000 | $182,429 | $190,000 | 136 | |
| VA | 3 | $660,900 | $220,300 | $220,900 | 211 | |
| Cash | 18 | $5,974,400 | $331,911 | $282,500 | 116 | |
Analysis by Area | ||||||
| Corolla Oceanside | 1 | $449,000 | $449,000 | $449,000 | 48 | |
| Corolla Westside | 3 | $1,457,822 | $485,941 | $482,322 | 64 | |
| Pt. Harbor to Powells Pt. | 1 | $105,000 | $105,000 | $105,000 | 252 | |
| Jarvisburg to Poplar Br. | 6 | $1,269,400 | $211,567 | $226,500 | 194 | |
| Maple to Moyock | 1 | $351,900 | $351,900 | $351,900 | 41 | |
| Duck Oceanside | 2 | $2,625,000 | $1,312,500 | $1,312,500 | 167 | |
| Southern Shores Westside | 3 | $1,615,000 | $538,333 | $575,000 | 107 | |
| Martins Point | 1 | $740,000 | $740,000 | $740,000 | 166 | |
| Kitty Hawk Westside | 5 | $1,503,300 | $300,660 | $219,300 | 140 | |
| Kill Devil Hills b/w Hwys | 3 | $505,900 | $168,633 | $170,500 | 140 | |
| Kill Devil Hills Westside | 12 | $2,149,800 | $179,150 | $192,500 | 132 | |
| Colington Harbour | 12 | $2,938,900 | $244,908 | $215,200 | 96 | |
| Colington | 1 | $205,000 | $205,000 | $205,000 | 97 | |
| S. N.H. East/Old Oregon R | 1 | $200,000 | $200,000 | $200,000 | 159 | |
| Nags Head between hwys | 1 | $254,000 | $254,000 | $254,000 | 77 | |
| Nags Head Westside | 4 | $833,500 | $208,375 | $209,250 | 133 | |
| Rodanthe Soundside | 1 | $360,000 | $360,000 | $360,000 | 606 | |
| Waves Oceanside | 2 | $350,000 | $175,000 | $175,000 | 89 | |
| Salvo Oceanside | 1 | $400,000 | $400,000 | $400,000 | 133 | |
| Salvo Soundside | 1 | $350,000 | $350,000 | $350,000 | 320 | |
| Avon Soundside | 3 | $1,584,000 | $528,000 | $515,000 | 154 | |
| Buxton Oceanside | 2 | $337,474 | $168,737 | $168,737 | 123 | |
| Frisco Oceanside | 2 | $549,000 | $274,500 | $274,500 | 173 | |
| Hatteras Soundside | 1 | $209,000 | $209,000 | $209,000 | 289 | |
| Manteo-S. of Airport Road | 4 | $833,000 | $208,250 | $205,500 | 152 | |
| Manteo-N. of Airport Road | 1 | $88,825 | $88,825 | $88,825 | 39 | |
| Totals | 75 | $22,264,821 | $296,864 | $215,000 | 140 | |
| Non Co-op Sales | 16 | $3,513,874 | $219,617 | $217,000 | 171 | |
| Co-op Sales | 59 | $18,750,947 | $317,813 | $215,000 | 131 | |
| All Sold Listings | 75 | $22,264,821 | $296,864 | $215,000 | 140 |
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