Are First Flight Village Home Prices Going Up?

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

 It looks like home prices in First Flight Village have started to go up. The median price of a home in First Flight Village went up 5% from $215,000 in 2014 to $226,400 in 2015. Good news as home owners in First Flight Village are starting to see some equity appreciation after so many years of doom and gloom.

    Sold Market First Flight Village 2015
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Other     1     $255,000     $255,000     $255,000     74
                  Conventional     10     $2,384,300     $238,430     $231,000     293
                  FHA     5     $1,030,900     $206,180     $195,000     183
                  Cash     2     $338,200     $169,100     $169,100     174
                  USDA     1     $274,500     $274,500     $274,500     72
    
    Analysis By Area
                  Kill Devil Hills Westside     19     $4,282,900     $225,416     $226,400     228
                  Totals     19     $4,282,900     $225,416     $226,400     228
    
                  Non Co-op Sales     3     $622,500     $207,500     $233,000     465
                  Co-op Sales     16     $3,660,400     $228,775     $221,200     184
                  Total Sales     19     $4,282,900     $225,416     $226,400     228

 

    Sold Market First Flight Village 2014
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     7     $1,895,900     $270,843     $233,500     118
                  FHA     2     $385,000     $192,500     $192,500     71
    
    Analysis By Area
                  Kill Devil Hills Westside     9     $2,280,900     $253,433     $215,000     108
                  Totals     9     $2,280,900     $253,433     $215,000     108
    
                  Non Co-op Sales     0                    0
                  Co-op Sales     9     $2,280,900     $253,433     $215,000     108
                  Total Sales     9     $2,280,900     $253,433     $215,000     108

 

If you are thinking of selling your home in First Flight Village, give me a call or click one of the links below to find out what I can do for you.

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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