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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 Range Number of Listings Average Days
On Market
$1 – $99,999 683 318
$100,000 – $199,999 594 329
$200,000 – $299,999 565 262
$300,000 – $399,999 472 250
$400,000 – $499,999 317 246
$500,000 – $599,999 224 271
$600,000 – $699,999 126 262
$700,000 – $799,999 89 267
$800,000 – $899,999 74 264
$900,000 – $999,999 53 272
$1,000,000 – $1,499,999 94 280
$1,500,000 – $1,999,999 51 253
$2,000,000 – $2,499,999 21 226
$2,500,000 – $2,999,999 13 130
$3,000,000 + 9 377
Number of Listings Average Days On Market Median Price Average Price Maximum Price Minimum Price
3,385 283 $282,000 $385,696 $5,000,000 $884

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

Price Range Number of Listings Average Days
On Market
$1 – $99,999 44 272
$100,000 – $199,999 42 158
$200,000 – $299,999 43 233
$300,000 – $399,999 18 251
$400,000 – $499,999 20 200
$500,000 – $599,999 9 193
$600,000 – $699,999 7 295
$700,000 – $799,999 4 261
$800,000 – $899,999 6 361
$900,000 – $999,999 5 123
$1,000,000 – $1,499,999 4 622
$2,000,000 – $2,499,999 1 77
Number of Listings Average Days On Market Median Price Average Price Maximum Price Minimum Price
203 233 $238,000 $315,387 $2,400,000 $6,500

Under Contract – Declined from 2013 by 32%.

Price Range Number of Listings Average Days
On Market
$1 – $99,999 29 267
$100,000 – $199,999 28 326
$200,000 – $299,999 40 173
$300,000 – $399,999 20 214
$400,000 – $499,999 9 145
$500,000 – $599,999 6 263
$600,000 – $699,999 6 466
$700,000 – $799,999 3 138
$800,000 – $899,999 4 196
$900,000 – $999,999 1 312
$1,000,000 – $1,499,999 2 231
$1,500,000 – $1,999,999 2 246
$2,500,000 – $2,999,999 1 226
Number of Listings Average Days On Market Median Price Average Price Maximum Price Minimum Price
151 241 $255,000 $330,195 $2,800,000 $22,000

Expired

Price Range Number of Listings Average Days On Market
$1 – $99,999 36 466
$100,000 – $199,999 35 408
$200,000 – $299,999 26 351
$300,000 – $399,999 18 364
$400,000 – $499,999 15 243
$500,000 – $599,999 9 310
$600,000 – $699,999 4 210
$700,000 – $799,999 6 272
$800,000 – $899,999 3 511
$900,000 – $999,999 3 205
$1,000,000 – $1,499,999 3 257
$1,500,000 – $1,999,999 1 124
$2,000,000 – $2,499,999 1 180
$3,000,000 + 1 365
Number of Listings Average Days On Market Median Price Average Price Maximum Price Minimum Price
161 368 $239,000 $359,099 $5,640,000 $1,500

Withdrawn

Price Range Number of Listings Average Days On Market
$1 – $99,999 19 255
$100,000 – $199,999 11 415
$200,000 – $299,999 24 141
$300,000 – $399,999 20 143
$400,000 – $499,999 8 416
$500,000 – $599,999 5 294
$600,000 – $699,999 8 272
$700,000 – $799,999 2 568
$800,000 – $899,999 1 14
$900,000 – $999,999 1 603
$1,000,000 – $1,499,999 4 487
$1,500,000 – $1,999,999 3 275
Number of Listings Average Days On Market Median Price Average Price Maximum Price Minimum Price
106 256 $298,500 $384,976 $1,695,000 $28,900

Rented

Price Range Number of Listings Average Days On Market
$1 – $99,999 11 96
Number of Listings Average Days On Market Median Price Average Price Maximum Price Minimum Price
11 96 $1,200 $1,181 $1,550 $650

Median Home Price Changes by Community

 *Median Sale Price  *Median Sale Price Difference between 2013 and 2014
Corolla 2013 $480,000.00 2014 $525,000.00 9%
Duck 2013 $499,900.00 2014 $482,500.00 -3%
Southern Shores 2013 $420,000.00 2014 $438,000.00 4%
Kitty Hawk 2013 $261,000.00 2014 $302,500.00 4%
Colington 2013 $215,000.00 2014 $227,500.00 6%
Kill Devil Hills 2013 $214,500.00 2014 $209,120.00 -3%
Nags Head 2013 $335,000.00 2014 $445,000.00 33%
Hatteras Island 2013 $285,000.00 2014 $274,500.00 -3%
Roanoke Island 2013 $222,000.00 2014 $265,000.00 19%
Currituck Mainland 2013 $197,000.00 2014 $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