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Are Corolla Bay Home Prices Going Up?

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

 Home prices in Corolla Bay experienced a drop in price this past year as the median price fell 5% from $415,000 in 2014 to $395,000 in 2015. The number of sales also fell by 50% with only 5 units sold in 2015. This may not be the best time to sell your home in Corolla Bay, but if you are contemplating selling, give me a call or click one of the links below to find out what I can do for you.

    Sold Market Corolla Bay 2015
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     5     $2,235,000     $447,000     $395,000     198
    
    Analysis By Area
                  Corolla Oceanside     5     $2,235,000     $447,000     $395,000     198
                  Totals     5     $2,235,000     $447,000     $395,000     198
    
                  Non Co-op Sales     0                    0
                  Co-op Sales     5     $2,235,000     $447,000     $395,000     198
                  Total Sales     5     $2,235,000     $447,000     $395,000     198

 

    Sold Market Corolla Bay 2014
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     9     $3,838,970     $426,552     $418,000     273
                  Cash     1     $390,000     $390,000     $390,000     84
    
    Analysis By Area
                  Corolla Oceanside     10     $4,228,970     $422,897     $415,750     254
                  Totals     10     $4,228,970     $422,897     $415,750     254
    
                  Non Co-op Sales     3     $1,363,570     $454,523     $429,900     134
                  Co-op Sales     7     $2,865,400     $409,343     $410,000     306
                  Total Sales     10     $4,228,970     $422,897     $415,750     254
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

Buy now or kick yourself later... this is a good time to get a coastal property in OBX  Call Greg Cremia 

Mar 06, 2016 07:21 AM