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Southern Shores Real Estate Update 2020

By
Real Estate Broker/Owner with Shore Realty of the Outer Banks NC#127284
Sold Market Southern Shores Real Estate Sold Jan 1, 2019 Through Jan 1, 2020
  No. of Listings Dollar Volume Average Price Median Price Average DOM
 
RESIDENTIAL
Other 2 $2,055,000 $1,027,500 $1,027,500 17
Conventional 75 $38,106,684 $508,089 $458,000 128
FHA 1 $241,900 $241,900 $241,900 4
VA 3 $1,513,800 $504,600 $549,900 96
Cash 22 $11,773,300 $535,150 $461,150 97
Jumbo Loan 5 $6,806,479 $1,361,296 $1,200,000 145
 
Analysis By Area
Southern Shores Oceanside 20 $20,334,979 $1,016,749 $845,000 111
Southern Shores Westside 88 $40,162,184 $456,388 $435,000 120
Totals 108 $60,497,163 $560,159 $472,000 118
LOTS/LAND
Other 1 $200,000 $200,000 $200,000 301
Conventional 4 $696,900 $174,225 $177,500 299
Cash 6 $978,500 $163,083 $167,750 168
 
Analysis By Area
Southern Shores Oceanside 1 $200,000 $200,000 $200,000 301
Southern Shores Westside 10 $1,675,400 $167,540 $167,750 220
Totals 11 $1,875,400 $170,491 $168,000 227
RESIDENTIAL LONG TRM RENT
Rented 2 $3,850 $1,925 $1,925 126
 
Analysis By Area
Southern Shores Westside 2 $3,850 $1,925 $1,925 126
Totals 2 $3,850 $1,925 $1,925 126
 
Non Co-op Sales 15 $7,662,734 $510,849 $430,000 97
Co-op Sales 106 $54,713,679 $516,167 $435,000 133
Total Sales 121 $62,376,413 $515,508 $435,000 128

 

Sold Market Southern Shores Real Estate Sold Jan 1, 2018 Through Jan 1, 2019
  No. of Listings Dollar Volume Average Price Median Price Average DOM
 
RESIDENTIAL
Other 1 $298,000 $298,000 $298,000 96
Conventional 70 $34,557,600 $493,680 $420,000 106
VA 4 $1,997,500 $499,375 $500,000 117
Cash 20 $10,876,344 $543,817 $436,500 128
Jumbo Loan 3 $3,525,000 $1,175,000 $1,075,000 95
 
Analysis By Area
Southern Shores Oceanside 18 $13,902,000 $772,333 $647,500 179
Southern Shores Westside 80 $37,352,444 $466,906 $412,500 95
Totals 98 $51,254,444 $523,005 $430,500 111
LOTS/LAND
Other 3 $539,000 $179,667 $149,000 296
Conventional 6 $989,400 $164,900 $142,950 149
Cash 20 $3,988,600 $199,430 $135,000 262
Owner Finance 1 $381,300 $381,300 $381,300 14
 
Analysis By Area
Southern Shores Oceanside 8 $2,522,000 $315,250 $272,500 285
Southern Shores Westside 22 $3,376,300 $153,468 $135,000 216
Totals 30 $5,898,300 $196,610 $139,000 235
 
Non Co-op Sales 14 $5,388,000 $384,857 $301,250 170
Co-op Sales 114 $51,764,744 $454,077 $401,200 136
Total Sales 128 $57,152,744 $446,506 $391,000 140

 

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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