It depends on how closely you dissect the data. Homes on the north end of Roanoke Island saw a decrease in the median price while home on the south end, where Manteo proper is actually located, saw an increase in the median price. The town of Manteo also experienced an increase in the number of homes sold.
While the rest of the island is still stagnant, home prices in Manteo are actually going up. This is good news for home owners in Manteo.
| Sold Market Manteo 2015 | |||||
| No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM | |
| RESIDENTIAL | |||||
| Other | 1 | $184,550 | $184,550 | $184,550 | 91 |
| Conventional | 54 | $15,421,625 | $285,586 | $256,950 | 192 |
| FHA | 5 | $909,000 | $181,800 | $194,500 | 68 |
| VA | 5 | $1,367,500 | $273,500 | $267,000 | 154 |
| Cash | 11 | $5,155,588 | $468,690 | $423,200 | 179 |
| USDA | 1 | $205,000 | $205,000 | $205,000 | 91 |
| Analysis By Area | |||||
| Manteo-S. of Airport Road | 53 | $13,586,098 | $256,341 | $236,500 | 165 |
| Manteo-N. of Airport Road | 9 | $2,657,085 | $295,232 | $295,000 | 111 |
| Wanchese | 5 | $830,880 | $166,176 | $150,000 | 144 |
| Pirates Cove | 10 | $6,169,200 | $616,920 | $525,500 | 316 |
| Totals | 77 | $23,243,263 | $301,861 | $256,000 | 177 |
| Non Co-op Sales | 22 | $5,870,922 | $266,860 | $230,227 | 200 |
| Co-op Sales | 55 | $17,372,341 | $315,861 | $265,000 | 168 |
| Total Sales | 77 | $23,243,263 | $301,861 | $256,000 | 177 |
| Sold Market Manteo 2014 | |||||
| No. of Listings | Dollar Volume | Average Price | Median Price | Average DOM | |
| RESIDENTIAL | |||||
| Other | 2 | $270,400 | $135,200 | $135,200 | 124 |
| Conventional | 48 | $15,009,800 | $312,704 | $272,750 | 232 |
| FHA | 7 | $1,398,000 | $199,714 | $210,000 | 143 |
| VA | 3 | $763,000 | $254,333 | $240,000 | 125 |
| Cash | 19 | $6,087,925 | $320,417 | $265,000 | 158 |
| Owner Finance | 2 | $664,000 | $332,000 | $332,000 | 385 |
| USDA | 3 | $520,584 | $173,528 | $160,000 | 304 |
| Analysis By Area | |||||
| Manteo-S. of Airport Road | 50 | $12,535,184 | $250,704 | $214,250 | 216 |
| Manteo-N. of Airport Road | 23 | $7,212,925 | $313,605 | $299,000 | 157 |
| Wanchese | 3 | $499,100 | $166,367 | $219,900 | 463 |
| Pirates Cove | 8 | $4,466,500 | $558,313 | $535,000 | 201 |
| Totals | 84 | $24,713,709 | $294,211 | $259,200 | 207 |
| Non Co-op Sales | 26 | $7,711,050 | $296,579 | $258,250 | 225 |
| Co-op Sales | 58 | $17,002,659 | $293,149 | $259,200 | 200 |
| Total Sales | 84 | $24,713,709 | $294,211 | $259,200 | 207 |
If you are thinking of buying or selling a home in Manteo, give me a call or just click one of the links below.
Comments(0)