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Year End Market Update Colington Island 2016

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Real Estate Broker/Owner with Shore Realty of the Outer Banks NC#127284
    Sold Market Colington Island 2016
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     13     $3,277,700     $252,131     $234,000     212
                  FHA     3     $861,390     $287,130     $266,890     392
                  Cash     4     $976,000     $244,000     $267,000     290
                  USDA     1     $189,500     $189,500     $189,500     71
    
    Analysis By Area
                  Colington     21     $5,304,590     $252,600     $244,000     246
                  Totals     21     $5,304,590     $252,600     $244,000     246
    LOTS/LAND
                  Other     1     $85,000     $85,000     $85,000     20
                  Conventional     3     $253,500     $84,500     $95,000     211
                  Cash     7     $334,000     $47,714     $45,000     279
    
    Analysis By Area
                  Colington     11     $672,500     $61,136     $56,500     237
                  Totals     11     $672,500     $61,136     $56,500     237
    COMMERCIAL/INDUSTRIAL
                  Cash     1     $132,950     $132,950     $132,950     90
    
    Analysis By Area
                  Colington     1     $132,950     $132,950     $132,950     90
                  Totals     1     $132,950     $132,950     $132,950     90
    
                  Non Co-op Sales     9     $1,572,000     $174,667     $221,000     394
                  Co-op Sales     24     $4,538,040     $189,085     $201,850     180
                  Total Sales     33     $6,110,040     $185,153     $205,000     238

 

    Sold Market Colington Island 2015
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     14     $3,709,500     $264,964     $264,950     235
                  FHA     1     $185,000     $185,000     $185,000     87
                  VA     1     $675,000     $675,000     $675,000     369
                  Cash     5     $1,158,400     $231,680     $247,000     162
                  USDA     2     $440,000     $220,000     $220,000     533
    
    Analysis By Area
                  Colington     23     $6,167,900     $268,170     $249,000     244
                  Totals     23     $6,167,900     $268,170     $249,000     244
    LOTS/LAND
                  Cash     9     $803,800     $89,311     $56,000     74
                  Owner Finance     2     $968,000     $484,000     $484,000     364
    
    Analysis By Area
                  Colington     11     $1,771,800     $161,073     $58,000     127
                  Totals     11     $1,771,800     $161,073     $58,000     127
    
                  Non Co-op Sales     13     $2,256,800     $173,600     $234,000     217
                  Co-op Sales     21     $5,682,900     $270,614     $249,000     199
                  Total Sales     34     $7,939,700     $233,521     $244,750     206
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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