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Salvo Mid Year Market Update 2016

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

  The data below outlines the sales activity for home sales in Salvo  during the first half of 2016. This information is supplied by the Outer Banks Association of Realtors. In the first half of the year, 18 homes were sold along with 3 building lots. Salvo is starting to break out of the doldrums that have been plaguing the community for far too long.

If you are thinking about selling your home in Salvo, give us a call or click one of the links below to find out what we can do for you.

 

    Sold Market Salvo
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     13     $4,468,900     $343,762     $287,000     214
                  Cash     5     $1,221,000     $244,200     $210,000     158
    
    Analysis By Area
                  Salvo Oceanside     16     $4,842,900     $302,681     $266,950     171
                  Salvo Soundside     2     $847,000     $423,500     $423,500     419
                  Totals     18     $5,689,900     $316,106     $277,950     199
    LOTS/LAND
                  Cash     3     $624,000     $208,000     $279,000     244
    
    Analysis By Area
                  Salvo Oceanside     2     $579,000     $289,500     $289,500     335
                  Salvo Soundside     1     $45,000     $45,000     $45,000     62
                  Totals     3     $624,000     $208,000     $279,000     244
    
                  Non Co-op Sales     7     $1,552,000     $221,714     $250,000     186
                  Co-op Sales     14     $4,761,900     $340,136     $305,500     215
                  Total Sales     21     $6,313,900     $300,662     $279,000     205

 

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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