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Kitty Hawk NC 2023 First Quarter Home Sales Update

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

The Kitty Hawk NC real estate market is moving along briskly considering there is a shortage of homes for sale. Home owners right now are reluctant to sell for some reason which has created a lack of  home inventory for sale which in turn is keeping Kitty Hawk NC home sales strong and the prices up.

   Residential Homes Sold in Kitty Hawk NC From January 1, 2022 to April 11, 2022
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     19     $13,765,995     $724,526     $665,000     52
                  FHA     1     $280,000     $280,000     $280,000     55
                  Cash     5     $4,427,320     $885,464     $850,000     9
    
    Analysis By Area
                  Southern Shores Westside     1     $885,000     $885,000     $885,000     104
                  Martins Point     1     $1,149,000     $1,149,000     $1,149,000     212
                  Kitty Hawk Oceanside     2     $1,425,000     $712,500     $712,500     7
                  Kitty Hawk between Hwys     9     $8,160,000     $906,667     $850,000     42
                  Kitty Hawk Westside     12     $6,854,315     $571,193     $595,000     32
                  Totals     25     $18,473,315     $738,933     $680,000     43
    
                  Non Co-op Sales     5     $4,749,000     $949,800     $1,050,000     65
                  Co-op Sales     20     $13,724,315     $686,216     $637,500     38
                  Total Sales     25     $18,473,315     $738,933     $680,000     43

 

   Residential Homes Sold in KittyHawk NC From January 1, 2022 to April 11, 2022
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     25     $17,618,670     $704,747     $603,420     20
                  FHA     1     $450,000     $450,000     $450,000     130
                  Cash     4     $2,582,000     $645,500     $662,500     17
                  Jumbo Loan     5     $6,039,500     $1,207,900     $1,193,000     64
    
    Analysis By Area
                  Southern Shores Westside     3     $2,816,500     $938,833     $816,500     15
                  Martins Point     5     $7,408,000     $1,481,600     $1,395,000     36
                  Kitty Hawk Oceanside     2     $835,000     $417,500     $417,500     3
                  Kitty Hawk between Hwys     12     $7,993,250     $666,104     $704,500     32
                  Kitty Hawk Westside     13     $7,637,420     $587,494     $450,000     31
                  Totals     35     $26,690,170     $762,576     $659,000     29
    
                  Non Co-op Sales     3     $2,622,000     $874,000     $937,000     6
                  Co-op Sales     32     $24,068,170     $752,130     $642,000     31
                  Total Sales     35     $26,690,170     $762,576     $659,000     29
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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