While the overall number of Kill Devil Hills real estate sales are still down below the historic highs of the boom years, the prices in most areas of Kill Devil Hills have started to make a rebound.
The median prices for properties located between the roads in Kill Devil Hills is now higher than it was in 2003 and the average price is also at the 2003 levels.
Likewise the median price for a residential property located on the west side of Kill Devil Hills is higher than it was in 2003, which was a banner year and the average price is almost where it was in 2004.
The median price for a Kill Devil Hills oceanfront property is now higher than it ever was.
There are still deals available but who knows how much longer before the high prices become the norm again. The statistics below are from the Outer Banks Association of REALTORS.
KILL DEVIL HILLS REAL ESTATE SALES UPDATE
Kill Devil Hills Westside Residential
- 2008 saw 116 units sell with a median price of $235,000 and an average price of $246,318
- 2007 saw 144 units sell with a median price of $257,866 and an average price of $277,066
- 2006 saw 165 units sell with a median price of $290,000 and an average price of $311,693
- 2005 saw 230 units sell with a median price of $270,000 and an average price of $289,889
- 2004 saw 241 units sell with a median price of $240,000 and an average price of $255,442
- 2003 saw 180 units sell with a median price of $197,500 and an average price of $207,041
Kill Devil Hills Oceanside & Oceanfront Residential
- 2008 saw 18 units sell with a median price of $549,900 and an average price of $471,594
- 2007 saw 16 units sell with a median price of $387,500 and an average price of $495,045
- 2006 saw 18 units sell with a median price of $395,000 and an average price of $486,306
- 2005 saw 29 units sell with a median price of $435,000 and an average price of $430,490
- 2004 saw 28 units sell with a median price of $352,000 and an average price of $621,766
- 2003 saw 24 units sell with a median price of $295,000 and an average price of $626,396
Kill Devil Hills Between the Roads
- 2008 saw 37 units sell with a median price of $320,000 and an average price of $347,565
- 2007 saw 48 units sell with a median price of $308,000 and an average price of $346,357
- 2006 saw 45 units sell with a median price of $390,000 and an average price of $431,838
- 2005 saw 117 units sell with a median price of $390,000 and an average price of $446,728
- 2004 saw 109 units sell with a median price of $330,000 and an average price of $377,211
- 2003 saw 98 units sell with a median price of $289,000 and an average price of $309,085
Helping people buy and sell
Outer Banks Real Estate.
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