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Are South Nags Head Home Prices Going Up?

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

 Home prices in South Nags Head seem to be holding steady with the median price almost the same for the past 2 years. The median price dropped slightly to $400,000 from $405,000 the year before, however the average price saw an increase from $479,000 in 2014 to $530,000 this past year, an increase of 115. If you are thinking of selling your house in South Nags Head, give me a call or click one of the links below to find out what I can do for you.

    Sold Market South Nags Head 2015
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     27     $15,251,786     $564,881     $425,000     227
                  FHA     1     $320,000     $320,000     $320,000     118
                  Cash     7     $2,500,501     $357,214     $344,000     89
                  Jumbo Loan     1     $1,035,000     $1,035,000     $1,035,000     463
    
    Analysis By Area
                  S. N.H. East/Old Oregon R     24     $14,403,740     $600,156     $400,000     229
                  S. N.H. West/Old Oregon R     12     $4,703,547     $391,962     $372,000     153
                  Totals     36     $19,107,287     $530,758     $400,000     204
    
                  Non Co-op Sales     4     $2,067,000     $516,750     $533,500     101
                  Co-op Sales     32     $17,040,287     $532,509     $395,000     216
                  Total Sales     36     $19,107,287     $530,758     $400,000     204

 

    Sold Market South Nags Head 2014
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Other     1     $345,000     $345,000     $345,000     174
                  Conventional     32     $13,954,750     $436,086     $393,250     230
                  Cash     6     $3,813,500     $635,583     $649,250     358
                  Private     1     $350,000     $350,000     $350,000     28
                  Jumbo Loan     3     $2,152,000     $717,333     $645,000     79
    
    Analysis By Area
                  S. N.H. East/Old Oregon R     24     $12,736,750     $530,698     $440,000     214
                  S. N.H. West/Old Oregon R     19     $7,878,500     $414,658     $350,000     253
                  Totals     43     $20,615,250     $479,424     $405,000     231
    
                  Non Co-op Sales     7     $3,134,500     $447,786     $389,000     253
                  Co-op Sales     36     $17,480,750     $485,576     $412,500     227
                  Total Sales     43     $20,615,250     $479,424     $405,000     231
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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