It is looking like home prices in The Village at Nags Head are starting to go up. The median price rose by 11% from $446,950 in 2014 to $499,000 in 2015. The charts below show the sales activity for single family homes in The Village at Nags Head for the past 2 years. The real estate market all across the Outer Banks is experiencing improvements. Good news for home owners and a warning to would be home buyers, the time to get a deal is running out.
| Sold Market Village at Nags Head 2015 | |||||
| No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM | |
| RESIDENTIAL | |||||
| Conventional | 18 | $8,622,900 | $479,050 | $492,500 | 257 |
| FHA | 1 | $378,000 | $378,000 | $378,000 | 116 |
| Cash | 6 | $3,645,000 | $607,500 | $530,000 | 143 |
| Jumbo Loan | 2 | $1,780,000 | $890,000 | $890,000 | 89 |
| Analysis By Area | |||||
| Nags Head Oceanside | 4 | $2,398,900 | $599,725 | $534,500 | 175 |
| Nags Head between hwys | 11 | $6,823,000 | $620,273 | $535,000 | 209 |
| Nags Head Westside | 12 | $5,204,000 | $433,667 | $366,500 | 233 |
| Totals | 27 | $14,425,900 | $534,293 | $499,000 | 214 |
| Non Co-op Sales | 5 | $2,253,900 | $450,780 | $490,000 | 271 |
| Co-op Sales | 22 | $12,172,000 | $553,273 | $512,000 | 201 |
| Total Sales | 27 | $14,425,900 | $534,293 | $499,000 | 214 |
| Sold Market Villags at Nags Head 2014 | |||||
| No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM | |
| RESIDENTIAL | |||||
| Conventional | 16 | $7,228,400 | $451,775 | $430,000 | 171 |
| Cash | 7 | $4,370,351 | $624,336 | $600,000 | 203 |
| Owner Finance | 1 | $319,900 | $319,900 | $319,900 | 57 |
| Jumbo Loan | 2 | $2,069,999 | $1,035,000 | $1,034,999 | 260 |
| Analysis By Area | |||||
| Nags Head Oceanside | 8 | $5,740,149 | $717,519 | $710,625 | 200 |
| Nags Head between hwys | 8 | $4,183,000 | $522,875 | $490,000 | 182 |
| Nags Head Westside | 10 | $4,065,501 | $406,550 | $325,000 | 169 |
| Totals | 26 | $13,988,650 | $538,025 | $446,950 | 182 |
| Non Co-op Sales | 8 | $3,681,150 | $460,144 | $413,750 | 74 |
| Co-op Sales | 18 | $10,307,500 | $572,639 | $500,000 | 230 |
| Total Sales | 26 | $13,988,650 | $538,025 | $446,950 | 182 |
If you are thinking about buying or selling a home in the Village at Nags Head, give me a call or click one of the links below.
Comments(0)