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Are Ocean Acres Home Prices Going Up?

By
Real Estate Broker/Owner with Shore Realty of the Outer Banks NC#127284

 Not only are home prices in Ocean Acres going up, the sales activity is also picking up. From 2014 to 2015 the medial price of a home in Ocean Acres went up from $234,000 to $255,000 and the average price went up from $221,290 to $243,848. At the same time, the number of homes sold went up from 15 in 2014 to 17 in 2015. If you are thinking of selling your home in Oceans Acres, give me a call or click one of the links below to find out what I can do for you.

    Sold Market Ocean Acres 2015
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     14     $3,543,222     $253,087     $256,000     179
                  VA     2     $460,000     $230,000     $230,000     196
                  Cash     1     $136,000     $136,000     $136,000     142
    
    Analysis By Area
                  Kill Devil Hills Westside     17     $4,139,222     $243,484     $255,000     179
                  Totals     17     $4,139,222     $243,484     $255,000     179
    
                  Non Co-op Sales     3     $743,000     $247,667     $286,000     191
                  Co-op Sales     14     $3,396,222     $242,587     $253,500     176
                  Total Sales     17     $4,139,222     $243,484     $255,000     179

 

    Sold Market
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL Ocean Acres 2014
                  Other     1     $234,000     $234,000     $234,000     51
                  Conventional     7     $1,786,850     $255,264     $254,950     127
                  FHA     2     $448,000     $224,000     $224,000     181
                  Cash     3     $502,650     $167,550     $165,000     177
                  Owner Finance     1     $138,000     $138,000     $138,000     33
                  USDA     1     $209,850     $209,850     $209,850     63
    
    Analysis By Area
                  Kill Devil Hills b/w Hwys     1     $234,000     $234,000     $234,000     51
                  Kill Devil Hills Westside     14     $3,085,350     $220,382     $229,925     134
                  Totals     15     $3,319,350     $221,290     $234,000     129
    
                  Non Co-op Sales     1     $142,650     $142,650     $142,650     147
                  Co-op Sales     14     $3,176,700     $226,907     $242,000     127
                  Total Sales     15     $3,319,350     $221,290     $234,000     129
Posted by

Greg Cremia

Broker/Owner

Shore Realty

Helping People Buy and Sell Outer Banks Real Estate Since 1989!

800-647-1868

greg@ShoreRealtyOBX.com

 

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