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Are Ocean Sands Home Prices Going Up?

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

Good news for Ocean Sands home owners as prices are going up. The median price of a home in Ocean Sands jumped up from $415,000 to $470,000 for an increase of 13%. The average price of a home sold went up $41,000 for an increase of 8%. At this rate it won't be long before homes in Ocean Sands recoup the money lost in the crash.

 

    Sold Market Ocean Sands 2015
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     39     $18,517,125     $474,798     $418,000     274
                  Cash     4     $3,169,000     $792,250     $894,500     180
                  Jumbo Loan     4     $4,682,500     $1,170,625     $1,128,750     232
    
    Analysis By Area
                  Corolla Oceanside     47     $26,368,625     $561,035     $470,000     262
                  Totals     47     $26,368,625     $561,035     $470,000     262
    
                  Non Co-op Sales     3     $1,721,125     $573,708     $519,000     1011
                  Co-op Sales     44     $24,647,500     $560,170     $461,750     211
                  Total Sales     47     $26,368,625     $561,035     $470,000     262

 

    Sold Market Ocean Sands 2014
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     38     $18,337,650     $482,570     $412,500     306
                  FHA     1     $293,500     $293,500     $293,500     201
                  Cash     5     $2,419,500     $483,900     $293,000     509
                  Jumbo Loan     3     $3,391,000     $1,130,333     $1,031,000     190
    
    Analysis By Area
                  Corolla Oceanside     46     $24,230,150     $526,742     $417,500     324
                  Corolla Westside     1     $211,500     $211,500     $211,500     46
                  Totals     47     $24,441,650     $520,035     $415,000     318
    
                  Non Co-op Sales     9     $3,789,500     $421,056     $420,000     358
                  Co-op Sales     38     $20,652,150     $543,478     $412,500     308
                  Total Sales     47     $24,441,650     $520,035     $415,000     318

 

If you are thinking of selling your home in Ocean Sands, give me a call or simply click one of the links below.

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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