The Outer Banks Market Report
2nd Quarter - 2008
Market Recap - Sold Properties
Single Family Homes
January 1st - June 30th
|
Area
|
# Sold
|
Avg Price
|
DOM
|
% to original
|
Price
|
|
Range
|
|
|
|
|
|
|
|
|
|
|
Duck
|
|
|
|
|
|
|
|
|
Oceanfront
|
6
|
$1,744,500
|
163
|
91%
|
$1,042,000
|
to
|
$3,675,000
|
|
Oceanside
|
25
|
$ 697,836
|
277
|
88%
|
$ 380,000
|
|
$1,175,000
|
|
Soundfront
|
2
|
$ 809,750
|
81
|
88%
|
$ 750,000
|
|
$ 869,500
|
|
Soundside
|
5
|
$ 515,577
|
112
|
90%
|
$ 300,000
|
|
$ 610,000
|
|
|
|
|
|
|
|
|
|
|
Corolla
|
|
|
|
|
|
|
|
|
Oceanfront
|
4
|
$2,446,250
|
176
|
88%
|
$1,960,000
|
|
$3,350,000
|
|
Oceanside
|
32
|
$ 737,958
|
216
|
87%
|
$ 360,000
|
|
$1,923,000
|
|
Soundfront
|
3
|
$1,156,666
|
397
|
82%
|
$ 800,000
|
|
$1,800,000
|
|
Soundside
|
11
|
$ 542,218
|
237
|
85%
|
$ 420,000
|
|
$ 685,000
|
|
|
|
|
|
|
|
|
|
|
4-Wheel Drive Area
|
|
|
|
|
|
|
|
|
Oceanfront
|
2
|
$1,062,500
|
115
|
90%
|
$ 825,000
|
|
$1,300,000
|
|
Other
|
5
|
$ 456,200
|
132
|
83%
|
$ 216,000
|
|
$ 700,000
|
|
|
|
|
|
|
|
|
|
|
So. Shores
|
|
|
|
|
|
|
|
|
Oceanfront
|
0
|
$ -
|
0
|
|
$ -
|
|
$ -
|
|
Oceanside
|
4
|
$ 611,000
|
138
|
93%
|
$ 535,000
|
to
|
$ 665,000
|
|
Canal/soundfront
|
3
|
$ 485,666
|
195
|
86%
|
$ 340,000
|
|
$ 727,000
|
|
Westside
|
14
|
$ 400,357
|
110
|
90%
|
$ 230,000
|
|
$ 680,000
|
|
|
|
|
|
|
|
|
|
|
Kitty Hawk
|
|
|
|
|
|
|
|
|
Oceanfront
|
1
|
$ 210,000
|
160
|
53%
|
$ 210,000
|
to
|
$ 210,000
|
|
Between highways
|
9
|
$ 499,888
|
154
|
92%
|
$ 315,000
|
|
$ 719,000
|
|
sound/canalfront
|
3
|
$ 621,000
|
107
|
93%
|
$ 573,000
|
|
$ 645,000
|
|
Westside
|
8
|
$ 373,125
|
128
|
95%
|
$ 230,000
|
|
$ 762,500
|
|
Martin's Point SF
|
1
|
$ 875,000
|
239
|
89%
|
$ 875,000
|
|
$ 875,000
|
|
Martin's Point
|
0
|
$ -
|
|
|
$ -
|
|
$ -
|
|
|
|
|
|
|
|
|
|
|
Kill Devil Hills
|
|
|
|
|
|
|
|
|
Oceanfront
|
1
|
$ 210,000
|
160
|
53%
|
$ 210,000
|
to
|
$ 210,000
|
|
Between highways
|
13
|
$ 325,992
|
175
|
91%
|
$ 230,000
|
|
$ 415,000
|
|
Sound/canalfront
|
1
|
$ 338,000
|
24
|
95%
|
$ 338,000
|
|
$ 338,000
|
|
Westside
|
60
|
$ 253,161
|
131
|
91%
|
$ 139,000
|
|
$ 549,900
|
|
|
|
|
|
|
|
|
|
|
Collington HBR
|
|
|
|
|
|
|
|
|
Soundfront
|
2
|
$ 457,000
|
339
|
80%
|
$ 365,000
|
to
|
$ 549,000
|
|
Canalfront
|
11
|
$ 340,045
|
178
|
86%
|
$ 210,000
|
|
$ 540,000
|
|
Other
|
11
|
$ 229,650
|
189
|
89%
|
$ 159,900
|
|
$ 339,000
|
|
|
|
|
|
|
|
|
|
|
Nags Head
|
|
|
|
|
|
|
|
|
Oceanfront
|
1
|
$ 925,000
|
168
|
70%
|
$ 925,000
|
to
|
$ 925,000
|
|
Between highways
|
21
|
$ 579,495
|
165
|
91%
|
$ 294,000
|
|
$ 950,000
|
|
Soundfront
|
3
|
$ 832,833
|
220
|
75%
|
$ 603,500
|
|
$ 955,000
|
|
Westside
|
19
|
$ 339,468
|
217
|
87%
|
$ 164,900
|
|
$ 650,000
|
|
|
|
|
|
|
|
|
|
|
S. Nags Head
|
|
|
|
|
|
|
|
|
Oceanfront
|
6
|
$ 855,833
|
174
|
85%
|
$ 485,000
|
to
|
$1,250,000
|
|
Oceanside
|
1
|
$ 276,900
|
463
|
65%
|
$ 276,900
|
|
$ 276,900
|
|
Westside
|
2
|
$ 437,450
|
220
|
93%
|
$ 289,900
|
|
$ 585,000
|
|
|
|
|
|
|
|
|
|
|
Rodanthe/Waves/Salvo
|
|
|
|
|
|
|
|
|
Oceanfront
|
3
|
$ 698,333
|
371
|
89%
|
$ 270,000
|
to
|
$1,050,000
|
|
Oceanside
|
11
|
$ 400,127
|
115
|
91%
|
$ 169,900
|
|
$ 950,000
|
|
Soundfront
|
1
|
$ 635,000
|
424
|
64%
|
$ 635,000
|
|
$ 635,000
|
|
Soundside
|
2
|
$ 575,000
|
181
|
82%
|
$ 550,000
|
|
$ 600,000
|
|
|
|
|
|
|
|
|
|
|
Avon
|
|
|
|
|
|
|
|
|
Oceanfront
|
1
|
$ 745,000
|
207
|
88%
|
$ 745,000
|
to
|
$ 745,000
|
|
Oceanside
|
4
|
$ 449,262
|
593
|
74%
|
$ 300,000
|
|
$ 680,000
|
|
Soundfront
|
0
|
$ -
|
|
|
$ -
|
|
$ -
|
|
Soundside
|
6
|
$ 317,083
|
307
|
85%
|
$ 125,000
|
|
$ 469,000
|
|
|
|
|
|
|
|
|
|
|
Buxton/Frisco/Hatteras
|
|
|
|
|
|
|
|
|
Oceanfront
|
4
|
$1,040,585
|
90
|
90%
|
$ 707,340
|
to
|
$1,495,000
|
|
Oceanside
|
14
|
$ 474,428
|
280
|
88%
|
$ 165,000
|
|
$1,100,000
|
|
Soundfront
|
1
|
$ 640,000
|
108
|
95%
|
$ 640,000
|
|
$ 640,000
|
|
Soundside
|
1
|
$ 205,000
|
220
|
64%
|
$ 205,000
|
|
$ 205,000
|
|
|
|
|
|
|
|
|
|
|
Manteo
|
|
|
|
|
|
|
|
|
Soundfront
|
1
|
$ 650,000
|
284
|
88%
|
$ 650,000
|
to
|
$ 650,000
|
|
Other
|
14
|
$ 237,235
|
148
|
90%
|
$ 75,000
|
|
$ 330,000
|
|
|
|
|
|
|
|
|
|
|
Currituck Mainland:
|
|
|
|
|
|
|
|
|
Point Harbor to
|
|
|
|
|
|
|
|
|
Powells Point
|
7
|
$ 357,414
|
177
|
89%
|
$ 205,000
|
to
|
$ 735,000
|
|
|
|
|
|
|
|
|
|
|
Jarvisburg to
|
|
|
|
|
|
|
|
|
Poplar Branch
|
13
|
$ 196,350
|
172
|
82%
|
$ 95,000
|
to
|
$ 339,750
|
|
|
|
|
|
|
|
|
|
|
Aydlett to Barco
|
1
|
$ 158,000
|
305
|
79%
|
$ 158,000
|
to
|
$ 158,000
|
|
|
|
|
|
|
|
|
|
|
Maple to Moyock
|
27
|
$ 278,044
|
158
|
91%
|
$ 115,000
|
to
|
$ 490,000
|
|
|
|
|
|
|
|
|
|
6 Comments on 2008 Second Quarter Market Recap
|
Marty:
Welcome to Active Rain! Looks like you are well on your way to making AR a valuable marketing tool. Keep up the great work!