Nags Head Real Estate Update 2020

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

March 01, 2020 04:48 PM

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