Year End Market Update Villages at Nags Heads 2016

By
Real Estate Broker/Owner with Shore Realty of the Outer Banks NC#127284
    Sold Market Villages at Nags Head 2016
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     15     $6,875,400     $458,360     $480,000     217
                  Cash     3     $1,425,400     $475,133     $429,900     418
                  Owner Finance     1     $650,000     $650,000     $650,000     214
    
    Analysis By Area
                  Nags Head Oceanside     2     $1,340,000     $670,000     $670,000     140
                  Nags Head between hwys     2     $1,045,000     $522,500     $522,500     302
                  Nags Head Westside     15     $6,565,800     $437,720     $429,900     256
                  Totals     19     $8,950,800     $471,095     $480,000     248
    
                  Non Co-op Sales     6     $3,125,400     $520,900     $577,500     317
                  Co-op Sales     13     $5,825,400     $448,108     $450,000     217
                  Total Sales     19     $8,950,800     $471,095     $480,000     248

 

    Sold Market Villages at Nags Head 2015
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     17     $8,112,900     $477,229     $490,000     255
                  FHA     1     $378,000     $378,000     $378,000     116
                  Cash     4     $2,755,000     $688,750     $682,500     96
                  Jumbo Loan     1     $945,000     $945,000     $945,000     127
    
    Analysis By Area
                  Nags Head Oceanside     5     $2,787,900     $557,580     $495,000     190
                  Nags Head between hwys     8     $5,079,000     $634,875     $550,000     213
                  Nags Head Westside     10     $4,324,000     $432,400     $359,000     230
                  Totals     23     $12,190,900     $530,039     $495,000     216
    
                  Non Co-op Sales     3     $1,208,900     $402,967     $389,000     287
                  Co-op Sales     20     $10,982,000     $549,100     $512,000     205
                  Total Sales     23     $12,190,900     $530,039     $495,000     216

 

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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