Nags Head Real Estate Update 2020

By
Real Estate Broker/Owner with Shore Realty of the Outer Banks NC#127284
Sold Market Nags Head Real Estate Sold Jan 1, 2019 Through Jan 1, 2020
  No. of Listings Dollar Volume Average Price Median Price Average DOM
 
RESIDENTIAL
Other 3 $3,840,000 $1,280,000 $1,795,000 168
Conventional 164 $81,811,461 $498,850 $414,325 104
FHA 6 $1,864,400 $310,733 $286,500 115
VA 1 $250,000 $250,000 $250,000 195
Cash 38 $16,356,800 $430,442 $363,750 108
Owner Finance 2 $725,000 $362,500 $362,500 135
Jumbo Loan 3 $3,490,000 $1,163,333 $1,155,000 41
 
Analysis By Area
Nags Head Oceanside 29 $25,926,931 $894,032 $839,000 99
S. N.H. East/Old Oregon R 28 $18,809,422 $671,765 $495,000 89
Nags Head between hwys 50 $22,637,350 $452,747 $427,500 154
S. N.H. West/Old Oregon R 16 $6,808,580 $425,536 $408,815 111
Nags Head Westside 94 $34,155,378 $363,355 $315,625 86
Totals 217 $108,337,661 $499,252 $400,000 106
LOTS/LAND
Conventional 2 $897,000 $448,500 $448,500 514
Cash 5 $915,000 $183,000 $186,000 105
Jumbo Loan 1 $700,000 $700,000 $700,000 34
 
Analysis By Area
Nags Head Oceanside 2 $1,430,000 $715,000 $715,000 439
Nags Head between hwys 3 $652,000 $217,333 $216,000 95
S. N.H. West/Old Oregon R 1 $167,000 $167,000 $167,000 183
Nags Head Westside 2 $263,000 $131,500 $131,500 121
Totals 8 $2,512,000 $314,000 $201,000 199
COMMERCIAL/INDUSTRIAL
Conventional 2 $690,000 $345,000 $345,000 179
Cash 1 $975,000 $975,000 $975,000 0
 
Analysis By Area
Nags Head between hwys 2 $1,540,000 $770,000 $770,000 101
Nags Head Westside 1 $125,000 $125,000 $125,000 156
Totals 3 $1,665,000 $555,000 $565,000 119
 
Non Co-op Sales 34 $14,837,600 $436,400 $404,950 87
Co-op Sales 194 $97,677,061 $503,490 $399,900 113
Total Sales 228 $112,514,661 $493,485 $399,900 109

 

Sold Market Nags Head Real Estate Sold Jan 1, 2018 Through Jan 1, 2019
  No. of Listings Dollar Volume Average Price Median Price Average DOM
 
RESIDENTIAL
Other 5 $2,395,500 $479,100 $355,000 151
Conventional 150 $69,956,608 $466,377 $388,750 108
FHA 2 $588,000 $294,000 $294,000 21
VA 5 $1,616,791 $323,358 $309,000 54
Cash 34 $14,934,300 $439,244 $390,000 120
Jumbo Loan 9 $10,773,500 $1,197,056 $1,025,000 179
USDA 1 $245,000 $245,000 $245,000 57
 
Analysis By Area
Nags Head Oceanside 28 $20,160,200 $720,007 $501,000 183
S. N.H. East/Old Oregon R 39 $20,815,500 $533,731 $425,000 82
Nags Head between hwys 43 $23,259,250 $540,913 $510,000 107
S. N.H. West/Old Oregon R 11 $4,531,500 $411,955 $415,000 179
Nags Head Westside 85 $31,743,249 $373,450 $345,000 95
Totals 206 $100,509,699 $487,911 $388,750 111
LOTS/LAND
Other 2 $1,030,000 $515,000 $515,000 257
Conventional 6 $2,033,380 $338,897 $202,190 315
Cash 9 $1,497,000 $166,333 $175,000 385
 
Analysis By Area
Nags Head Oceanside 2 $1,445,000 $722,500 $722,500 719
Nags Head between hwys 3 $989,000 $329,667 $174,000 271
S. N.H. West/Old Oregon R 3 $545,000 $181,667 $190,000 29
Nags Head Westside 9 $1,581,380 $175,709 $175,000 393
Totals 17 $4,560,380 $268,258 $190,000 345
COMMERCIAL/INDUSTRIAL
Cash 1 $147,500 $147,500 $147,500 55
Owner Finance 1 $1,800,000 $1,800,000 $1,800,000 475
 
Analysis By Area
Nags Head between hwys 2 $1,947,500 $973,750 $973,750 265
Totals 2 $1,947,500 $973,750 $973,750 265
 
Non Co-op Sales 28 $14,924,000 $533,000 $422,500 213
Co-op Sales 197 $92,093,579 $467,480 $380,000 119
Total Sales 225 $107,017,579 $475,634 $380,000 130

 

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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