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Corolla NC 2023 First Quarter Home Sales Update

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

The Corolla 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 Corolla NC home sales strong and the prices up.

    Residential Homes Sold in Corolla NC From January 1, 2023 to April 11, 2023
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     45     $47,634,017     $1,058,534     $800,000     77
                  Cash     10     $9,011,194     $901,119     $731,000     59
                  Jumbo Loan     5     $6,203,000     $1,240,600     $1,100,000     84
    
    Analysis By Area
                  4-Wheel Drive Area     6     $4,734,000     $789,000     $632,500     64
                  Corolla Oceanside     34     $41,610,900     $1,223,850     $930,000     86
                  Corolla Westside     20     $16,503,311     $825,166     $727,500     59
                  Totals     60     $62,848,211     $1,047,470     $831,000     75
    
                  Non Co-op Sales     9     $8,986,500     $998,500     $924,000     33
                  Co-op Sales     51     $53,861,711     $1,056,112     $812,000     82
                  Total Sales     60     $62,848,211     $1,047,470     $831,000     75

 

    Residential Homes Sold in Corolla NC From January 1, 2022 to April 11, 2022
         No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM
 
    RESIDENTIAL
                  Conventional     83     $82,819,000     $997,819     $771,400     36
                  Cash     14     $28,350,369     $2,025,026     $1,574,999     61
                  Jumbo Loan     7     $10,015,800     $1,430,829     $1,140,000     126
    
    Analysis By Area
                  4-Wheel Drive Area     17     $14,187,000     $834,529     $660,000     33
                  Corolla Oceanside     63     $87,393,469     $1,387,198     $949,000     54
                  Corolla Westside     24     $19,604,700     $816,863     $750,000     33
                  Totals     104     $121,185,169     $1,165,242     $827,500     46
    
                  Non Co-op Sales     24     $26,581,900     $1,107,579     $725,000     32
                  Co-op Sales     80     $94,603,269     $1,182,541     $897,250     49
                  Total Sales     104     $121,185,169     $1,165,242     $827,500     46
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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