Special offer

Nags Head Real Estate Market Improving

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

 One sign of the improving real estate market in Nags Head is the decline in the number of distressed properties. The charts below show the single family homes that were sold by a bank, in the foreclosure process, in Nags Head going back to 2005. The statistics for each year show us that the peak in the distressed market was in 2010 when there were 43 foreclosures sold. The 14 foreclosure sales during this past year, prove the market is no longer distressed with sales and prices up.

If you are contemplating selling your house in Nags Head, now might be a good time to start getting familiar with the market. I can show you what your home would sell for now and set you up to receive email updates when a neighbor's house sells. Knowing what the other houses are actually selling for, and not what Bob across the street said, can give you the edge when the time to sell comes.

 

Nags Head Foreclosure Sales 2015
 
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 14 13 92.86% $347,113 $336,539 96.95% 106 $465,000 0.00%
RE All 14 13 92.86% $347,113 $336,539 96.95% 106 $465,000 0.00%
RE 0 - 2 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 3 -4 10 9 90.00% $253,086 $245,999 97.20% 102 $465,000 0
RE 5 - 6 1 2 200.00% $342,450 $330,508 96.51% 162 $0 0.00%
RE 7 - 8 3 2 66.67% $774,900 $750,000 96.79% 68 $0 0.00%
RE 9 + 0 0 0.00% $0 $0 0.00% 0 $0 0.00%

 

Statistics for: Nags Head Foreclosure Sales 2014
 
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 12 10 83.33% $331,830 $333,004 100.35% 108 $416,050 16.67%
RE All 12 10 83.33% $331,830 $333,004 100.35% 108 $416,050 16.67%
RE 0 - 2 1 1 100.00% $158,000 $163,319 103.37% 191 $0 0.00%
RE 3 -4 6 7 116.67% $200,914 $188,710 93.93% 110 $0 0.00%
RE 5 - 6 3 0 0.00% $0 $0 0.00% 0 $416,050 66.67%
RE 7 - 8 2 2 100.00% $876,950 $922,875 105.24% 62 $0 0.00%
RE 9 + 0 0 0.00% $0 $0 0.00% 0 $0 0.00%

 

Statistics for: Nags Head Foreclosure Sales 2013
 
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 14 13 92.86% $347,113 $336,539 96.95% 106 $465,000 0.00%
RE All 14 13 92.86% $347,113 $336,539 96.95% 106 $465,000 0.00%
RE 0 - 2 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 3 -4 10 9 90.00% $253,086 $245,999 97.20% 102 $465,000 0
RE 5 - 6 1 2 200.00% $342,450 $330,508 96.51% 162 $0 0.00%
RE 7 - 8 3 2 66.67% $774,900 $750,000 96.79% 68 $0 0.00%
RE 9 + 0 0 0.00% $0 $0 0.00% 0 $0 0.00%

 

Statistics for: Nags Head Foreclosure Sales 2012
 
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 28 27 96.43% $452,414 $435,170 96.19% 105 $244,000 0.00%
RE All 28 27 96.43% $452,414 $435,170 96.19% 105 $244,000 0.00%
RE 0 - 2 1 1 100.00% $179,900 $179,000 99.50% 87 $0 0.00%
RE 3 -4 16 15 93.75% $245,439 $239,367 97.53% 108 $244,000 0
RE 5 - 6 7 7 100.00% $511,285 $492,658 96.36% 111 $0 0.00%
RE 7 - 8 4 4 100.00% $1,193,675 $1,132,875 94.91% 87 $0 0.00%
RE 9 + 0 0 0.00% $0 $0 0.00% 0 $0 0.00%

 

Statistics for: Nags Head Foreclosure Sales 2011
 
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 23 26 113.04% $407,130 $384,147 94.35% 121 $595,414 8.70%
RE All 23 26 113.04% $407,130 $384,147 94.35% 121 $595,414 8.70%
RE 0 - 2 1 1 100.00% $209,900 $230,500 109.81% 51 $0 0.00%
RE 3 -4 13 18 138.46% $283,738 $265,426 93.55% 114 $200,000 0
RE 5 - 6 4 2 50.00% $642,450 $625,004 97.28% 89 $639,500 50.00%
RE 7 - 8 4 4 100.00% $667,700 $604,287 90.50% 216 $829,633 0
RE 9 + 1 1 100.00% $1,312,500 $1,312,500 100.00% 0 $0 0.00%

 

Statistics for: Nags Head Foreclosure Sales 2010
 
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 43 40 93.02% $382,032 $362,786 94.96% 105 $344,300 6.98%
RE All 43 40 93.02% $382,032 $362,786 94.96% 105 $344,300 6.98%
RE 0 - 2 1 2 200.00% $205,700 $196,000 95.28% 119 $0 0.00%
RE 3 -4 27 26 96.30% $270,753 $263,869 97.46% 110 $212,900 11.11%
RE 5 - 6 5 4 80.00% $338,675 $339,759 100.32% 75 $0 0.00%
RE 7 - 8 10 8 80.00% $809,450 $737,478 91.11% 98 $869,900 0
RE 9 + 0 0 0.00% $0 $0 0.00% 0 $0 0.00%

 

Statistics for: Nags Head Foreclosure Sales 2009
 
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 25 18 72.00% $428,672 $389,000 90.75% 120 $583,933 8.00%
RE All 25 18 72.00% $428,672 $389,000 90.75% 120 $583,933 8.00%
RE 0 - 2 1 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 3 -4 16 13 81.25% $286,476 $278,615 97.26% 121 $454,900 6.25%
RE 5 - 6 2 2 100.00% $433,500 $400,000 92.27% 121 $554,900 0
RE 7 - 8 6 3 50.00% $1,041,633 $860,000 82.56% 117 $742,000 16.67%
RE 9 + 0 0 0.00% $0 $0 0.00% 0 $0 0.00%

 

Statistics for: Nags Head Foreclosure Sales 2008
 
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 9 1 11.11% $250,000 $230,000 92.00% 53 $692,125 0.00%
RE All 9 1 11.11% $250,000 $230,000 92.00% 53 $692,125 0.00%
RE 0 - 2 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 3 -4 5 1 20.00% $250,000 $230,000 92.00% 53 $0 0.00%
RE 5 - 6 3 0 0.00% $0 $0 0.00% 0 $692,125 0
RE 7 - 8 1 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 9 + 0 0 0.00% $0 $0 0.00% 0 $0 0.00%

 

Statistics for: Nags Head Foreclosure Sales 2007
 
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 0 0 0.00% 0 0 0 0 0 0.00%
RE All 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 0 - 2 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 3 -4 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 5 - 6 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 7 - 8 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 9 + 0 0 0.00% $0 $0 0.00% 0 $0 0.00%

 

Statistics for: Nags Head Foreclosure Sales 2006
 
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 0 0 0.00% 0 0 0 0 0 0.00%
RE All 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 0 - 2 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 3 -4 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 5 - 6 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 7 - 8 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 9 + 0 0 0.00% $0 $0 0.00% 0 $0 0.00%

 

Statistics for: Nags Head Foreclosure Sales 2005
 
Class Bedrooms Total Listed Num Sold Pct Sold Avg List Price Sold Avg Sale Price Sold Sale Price/List Price Ratio Avg DOM Sold Avg List Price Unsold Pct Expired
All All 0 0 0.00% 0 0 0 0 0 0.00%
RE All 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 0 - 2 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 3 -4 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 5 - 6 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 7 - 8 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
RE 9 + 0 0 0.00% $0 $0 0.00% 0 $0 0.00%
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

 

Search OBX MLS

 

OBX Home Valuation

 

Comments (0)