Ocean Acres Real Estate Update 2020

By Greg Cremia

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

February 22, 2020 11:43 AM

Sold Market Ocean Acres Real Estate Sold Jan 1, 2019 Through Jan 1, 2020
	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM

RESIDENTIAL
Conventional	11	$4,116,610	$374,237	$343,000	89
Cash	1	$389,000	$389,000	$389,000	3

Analysis By Area
Kill Devil Hills b/w Hwys	5	$2,044,610	$408,922	$350,000	93
Kill Devil Hills Westside	7	$2,461,000	$351,571	$343,000	75
Totals	12	$4,505,610	$375,468	$346,500	82
LOTS/LAND
Cash	4	$190,000	$47,500	$47,500	12

Analysis By Area
Kill Devil Hills Westside	4	$190,000	$47,500	$47,500	12
Totals	4	$190,000	$47,500	$47,500	12
COMMERCIAL/INDUSTRIAL
Cash	1	$330,000	$330,000	$330,000	39

Analysis By Area
Kill Devil Hills Westside	1	$330,000	$330,000	$330,000	39
Totals	1	$330,000	$330,000	$330,000	39

Non Co-op Sales	1	$50,000	$50,000	$50,000	0
Co-op Sales	16	$4,975,610	$310,976	$316,750	67
Total Sales	17	$5,025,610	$295,624	$303,500	63

Sold Market Ocean Acres Real Estate Sold Jan 1, 2018 Through Jan 1, 2019
	No. of Listings	Dollar Volume	Average Price	Median Price	Average DOM

RESIDENTIAL
Conventional	10	$2,984,785	$298,479	$295,250	35
Cash	3	$833,500	$277,833	$340,000	78

Analysis By Area
Kill Devil Hills b/w Hwys	2	$695,000	$347,500	$347,500	73
Kill Devil Hills Westside	11	$3,123,285	$283,935	$282,500	40
Totals	13	$3,818,285	$293,714	$308,000	45
LOTS/LAND
Conventional	1	$155,000	$155,000	$155,000	41
Cash	2	$305,000	$152,500	$152,500	196

Analysis By Area
Kill Devil Hills b/w Hwys	2	$400,000	$200,000	$200,000	169
Kill Devil Hills Westside	1	$60,000	$60,000	$60,000	96
Totals	3	$460,000	$153,333	$155,000	144

Non Co-op Sales	2	$451,000	$225,500	$225,500	155
Co-op Sales	14	$3,827,285	$273,378	$295,250	50
Total Sales	16	$4,278,285	$267,393	$276,250	63