Special offer

Nags Head Market Update 1st Half 2016

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

 

    Sold Market Nags Head Westside
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     32     $11,045,735     $345,179     $314,100     166
                  FHA     1     $330,000     $330,000     $330,000     213
                  Cash     6     $1,846,000     $307,667     $345,000     329
                  Owner Finance     2     $1,000,000     $500,000     $500,000     207
    
    Analysis By Area
                  Nags Head Westside     41     $14,221,735     $346,872     $325,000     193
                  Totals     41     $14,221,735     $346,872     $325,000     193
    
                  Non Co-op Sales     7     $2,956,900     $422,414     $360,000     182
                  Co-op Sales     34     $11,264,835     $331,319     $320,000     195
                  Total Sales     41     $14,221,735     $346,872     $325,000     193

 

    Sold Market Nags Head Between the Roads
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL Nags Head
                  Conventional     21     $9,069,100     $431,862     $480,000     223
                  Cash     3     $1,988,000     $662,667     $787,000     59
                  Jumbo Loan     1     $708,000     $708,000     $708,000     69
    
    Analysis By Area
                  Nags Head between hwys     25     $11,765,100     $470,604     $485,000     197
                  Totals     25     $11,765,100     $470,604     $485,000     197
    
                  Non Co-op Sales     3     $2,067,000     $689,000     $787,000     98
                  Co-op Sales     22     $9,698,100     $440,823     $460,800     211
                  Total Sales     25     $11,765,100     $470,604     $485,000     197

 

    Sold Market Nags Head Oceanfront
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Other     1     $1,638,000     $1,638,000     $1,638,000     567
                  Conventional     2     $2,272,000     $1,136,000     $1,136,000     132
                  Cash     4     $3,885,000     $971,250     $895,000     412
                  Jumbo Loan     2     $2,295,000     $1,147,500     $1,147,500     100
    
    Analysis By Area
                  Nags Head Oceanside     9     $10,090,000     $1,121,111     $1,000,000     297
                  Totals     9     $10,090,000     $1,121,111     $1,000,000     297
    
                  Non Co-op Sales     1     $1,272,000     $1,272,000     $1,272,000     46
                  Co-op Sales     8     $8,818,000     $1,102,250     $987,500     329
                  Total Sales     9     $10,090,000     $1,121,111     $1,000,000     297

 

    Sold Market South Nags Head
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Other     1     $179,000     $179,000     $179,000     444
                  Conventional     13     $8,195,000     $630,385     $430,000     191
                  VA     2     $955,000     $477,500     $477,500     95
                  Cash     3     $1,763,500     $587,833     $268,500     191
                  Jumbo Loan     1     $560,000     $560,000     $560,000     204
    
    Analysis By Area
                  S. N.H. East/Old Oregon R     9     $7,063,500     $784,833     $840,000     184
                  S. N.H. West/Old Oregon R     11     $4,589,000     $417,182     $385,000     204
                  Totals     20     $11,652,500     $582,625     $426,000     195
    
                  Non Co-op Sales     3     $1,375,000     $458,333     $430,000     191
                  Co-op Sales     17     $10,277,500     $604,559     $422,000     195
                  Total Sales     20     $11,652,500     $582,625     $426,000     195

 

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)