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Outer Banks March Housing Numbers

Outer Banks Assocation of RealtorsInventory is up, but sales are down. We may have bottomed out on the Outer Banks, but it still may take some time to get our heads above water. Homes are selling but it does take a little time and a lot of professional know-how. That’s where I come in to help with the sale or purchase of your home on the Outer Banks. Call me today and I will show you what it takes to get your home SOLD or BOUGHT on the Outer Banks!!

MLS Price Comparison Report

March 1 to April 15, 2014

Active Listings Rose by 12% over March 2013

Price RangeNumber of ListingsAverage Days
On Market
$1 – $99,999683318
$100,000 – $199,999594329
$200,000 – $299,999565262
$300,000 – $399,999472250
$400,000 – $499,999317246
$500,000 – $599,999224271
$600,000 – $699,999126262
$700,000 – $799,99989267
$800,000 – $899,99974264
$900,000 – $999,99953272
$1,000,000 – $1,499,99994280
$1,500,000 – $1,999,99951253
$2,000,000 – $2,499,99921226
$2,500,000 – $2,999,99913130
$3,000,000 +9377
Number of ListingsAverage Days On MarketMedian PriceAverage PriceMaximum PriceMinimum Price
3,385283$282,000$385,696$5,000,000$884

Sold – Average and median sale prices have declined for all price levels.

Price RangeNumber of ListingsAverage Days
On Market
$1 – $99,99944272
$100,000 – $199,99942158
$200,000 – $299,99943233
$300,000 – $399,99918251
$400,000 – $499,99920200
$500,000 – $599,9999193
$600,000 – $699,9997295
$700,000 – $799,9994261
$800,000 – $899,9996361
$900,000 – $999,9995123
$1,000,000 – $1,499,9994622
$2,000,000 – $2,499,999177
Number of ListingsAverage Days On MarketMedian PriceAverage PriceMaximum PriceMinimum Price
203233$238,000$315,387$2,400,000$6,500

Under Contract – Declined from 2013 by 32%.

Price RangeNumber of ListingsAverage Days
On Market
$1 – $99,99929267
$100,000 – $199,99928326
$200,000 – $299,99940173
$300,000 – $399,99920214
$400,000 – $499,9999145
$500,000 – $599,9996263
$600,000 – $699,9996466
$700,000 – $799,9993138
$800,000 – $899,9994196
$900,000 – $999,9991312
$1,000,000 – $1,499,9992231
$1,500,000 – $1,999,9992246
$2,500,000 – $2,999,9991226
Number of ListingsAverage Days On MarketMedian PriceAverage PriceMaximum PriceMinimum Price
151241$255,000$330,195$2,800,000$22,000

Expired

Price RangeNumber of ListingsAverage Days On Market
$1 – $99,99936466
$100,000 – $199,99935408
$200,000 – $299,99926351
$300,000 – $399,99918364
$400,000 – $499,99915243
$500,000 – $599,9999310
$600,000 – $699,9994210
$700,000 – $799,9996272
$800,000 – $899,9993511
$900,000 – $999,9993205
$1,000,000 – $1,499,9993257
$1,500,000 – $1,999,9991124
$2,000,000 – $2,499,9991180
$3,000,000 +1365
Number of ListingsAverage Days On MarketMedian PriceAverage PriceMaximum PriceMinimum Price
161368$239,000$359,099$5,640,000$1,500

Withdrawn

Price RangeNumber of ListingsAverage Days On Market
$1 – $99,99919255
$100,000 – $199,99911415
$200,000 – $299,99924141
$300,000 – $399,99920143
$400,000 – $499,9998416
$500,000 – $599,9995294
$600,000 – $699,9998272
$700,000 – $799,9992568
$800,000 – $899,999114
$900,000 – $999,9991603
$1,000,000 – $1,499,9994487
$1,500,000 – $1,999,9993275
Number of ListingsAverage Days On MarketMedian PriceAverage PriceMaximum PriceMinimum Price
106256$298,500$384,976$1,695,000$28,900

Rented

Price RangeNumber of ListingsAverage Days On Market
$1 – $99,9991196
Number of ListingsAverage Days On MarketMedian PriceAverage PriceMaximum PriceMinimum Price
1196$1,200$1,181$1,550$650

Median Home Price Changes by Community

 *Median Sale Price *Median Sale PriceDifference between 2013 and 2014
Corolla2013$480,000.002014$525,000.009%
Duck2013$499,900.002014$482,500.00-3%
Southern Shores2013$420,000.002014$438,000.004%
Kitty Hawk2013$261,000.002014$302,500.004%
Colington2013$215,000.002014$227,500.006%
Kill Devil Hills2013$214,500.002014$209,120.00-3%
Nags Head2013$335,000.002014$445,000.0033%
Hatteras Island2013$285,000.002014$274,500.00-3%
Roanoke Island2013$222,000.002014$265,000.0019%
Currituck Mainland2013$197,000.002014$185,000.00-6%
*Median Sale Price is the middle price in a range of property sales.

Data Obtained from the Outer Banks Association of REALTORS(R): April 5, 2014