Home values in Duck never really saw the drastic decline that affected other areas of the Outer Banks after the crash and recession. While Duck was able to hold onto more of it's value, home prices are not going up in Duck just yet. Sales are steady and there are plenty of buyers for houses priced at their fair market value. 75 houses sold in all of Duck in 2015 so if you can sell for less than was paid in 2005 there is a market ready to accommodate your needs.
The 2015 median price is only down 21% from the median high in 2005 when the market was out of control. This is not a bad number compared to other locations which saw drops of 50% in value. Once the market turns around, it won't take long to recoup lost equity for those waiting out the market.
The chart below lists the statistics for single family homes sold in Duck, located on the Oceanside of Rt12 in 2015 and the chart below this is 2014.
Sold Market 2015 | |||||
| No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM | |
| RESIDENTIAL | |||||
| Other | 3 | $1,509,000 | $503,000 | $439,000 | 143 |
| Conventional | 48 | $30,665,150 | $638,857 | $588,000 | 287 |
| VA | 1 | $465,000 | $465,000 | $465,000 | 107 |
| Cash | 10 | $4,552,700 | $455,270 | $347,600 | 209 |
| Jumbo Loan | 3 | $2,726,000 | $908,667 | $895,000 | 166 |
| Analysis By Area | |||||
| Duck Oceanside | 65 | $39,917,850 | $614,121 | $529,900 | 260 |
| Totals | 65 | $39,917,850 | $614,121 | $529,900 | 260 |
| Non Co-op Sales | 10 | $6,214,900 | $621,490 | $574,450 | 334 |
| Co-op Sales | 55 | $33,702,950 | $612,781 | $500,000 | 247 |
| Total Sales | 65 | $39,917,850 | $614,121 | $529,900 | 260 |
| Sold Market 2014 | |||||
| No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM | |
| RESIDENTIAL | |||||
| Conventional | 46 | $30,403,375 | $660,943 | $550,000 | 205 |
| Cash | 18 | $18,194,035 | $1,010,780 | $783,750 | 259 |
| Jumbo Loan | 3 | $2,410,000 | $803,333 | $820,000 | 139 |
| Analysis By Area | |||||
| Duck Oceanside | 67 | $51,007,410 | $761,305 | $665,000 | 217 |
| Totals | 67 | $51,007,410 | $761,305 | $665,000 | 217 |
| Non Co-op Sales | 13 | $8,644,810 | $664,985 | $635,000 | 232 |
| Co-op Sales | 54 | $42,362,600 | $784,493 | $670,000 | 213 |
| Total Sales | 67 | $51,007,410 | $761,305 | $665,000 | 217 |
If you are thinking of selling your Duck home, give me a call or click one of the links below.
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