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Are Bayberry Bluffs Home Prices Going Up?

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

 It might look like home prices are going up in Bayberry Bluffs when you see the median price more than double, but if you look closer you will see not so much. One oceanfront house was 50% of last years total sold volume and it skews the median price up. Sales are steady and people are buying so if you think you might want to sell your home in Bayberry Bluffs, give me a call or click one of the links below to find out what I can do for you.

    Sold Market Bayberry Bluffs 2015
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Cash     1     $1,275,000     $1,275,000     $1,275,000     100
                  Jumbo Loan     1     $895,000     $895,000     $895,000     157
    
    Analysis By Area
                  Duck Oceanside     2     $2,170,000     $1,085,000     $1,085,000     129
                  Totals     2     $2,170,000     $1,085,000     $1,085,000     129
    
                  Non Co-op Sales     1     $1,275,000     $1,275,000     $1,275,000     100
                  Co-op Sales     1     $895,000     $895,000     $895,000     157
                  Total Sales     2     $2,170,000     $1,085,000     $1,085,000     129

 

    Sold Market Bayberry Bluffs 2014
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     3     $1,120,000     $373,333     $330,000     313
                  Cash     2     $2,140,000     $1,070,000     $1,070,000     297
    
    Analysis By Area
                  Duck Oceanside     5     $3,260,000     $652,000     $475,000     306
                  Totals     5     $3,260,000     $652,000     $475,000     306
    
                  Non Co-op Sales     0                    0
                  Co-op Sales     5     $3,260,000     $652,000     $475,000     306
                  Total Sales     5     $3,260,000     $652,000     $475,000     306
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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Comments(1)

Michele Connors
The Overton Group, LLC Pitt & Carteret County - Greenville, NC
Your Eastern North Carolina Realtor

Our market is shifting as well, inventory is low and sellers are sticking to their prices. We jsut had a new tax valuation so some sellers are thinking the increase means raising their price ! 

Feb 21, 2016 12:54 AM