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Nags Head Shores Mid Year Market Update 2016

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

 The data below shows the residential properties sold in Nags Head Shores during the first half of 2016. This information is provided by the Outer Banks Association of Realtors.

    Sold Market
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     7     $2,962,000     $423,143     $412,500     189
                  Cash     1     $815,000     $815,000     $815,000     38
    
    Analysis By Area
                  Nags Head Oceanside     1     $815,000     $815,000     $815,000     38
                  Nags Head between hwys     7     $2,962,000     $423,143     $412,500     189
                  Totals     8     $3,777,000     $472,125     $448,750     170
    
                  Non Co-op Sales     1     $485,000     $485,000     $485,000     223
                  Co-op Sales     7     $3,292,000     $470,286     $412,500     162
                  Total Sales     8     $3,777,000     $472,125     $448,750     170

 The data below shows the building lots sold in Nags Head Shores during the first half of 2016. 8 Vacant lots were sold which coincides with the increase in construction we are experiencing.

    Sold Market Nags Head Shores Lots
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    LOTS/LAND
                  Conventional     2     $1,790,000     $895,000     $895,000     459
                  Cash     2     $1,762,500     $881,250     $881,250     316
                  Jumbo Loan     4     $3,200,000     $800,000     $800,000     451
    
    Analysis By Area
                  Nags Head Oceanside     6     $6,300,000     $1,050,000     $800,000     499
                  Nags Head between hwys     2     $452,500     $226,250     $226,250     179
                  Totals     8     $6,752,500     $844,063     $800,000     419
    
                  Non Co-op Sales     1     $212,500     $212,500     $212,500     36
                  Co-op Sales     7     $6,540,000     $934,286     $800,000     474
                  Total Sales     8     $6,752,500     $844,063     $800,000     419

 

If you are thinking about selling your house in Nags Head Shores, give us a call or click one of the links below to find out what we can do for you.

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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