2008 Second Quarter Market Recap

By
Real Estate Agent with Coldwell Banker Seaside Realty 199715

The Outer Banks Market Report

2nd Quarter - 2008

                                                                   Market Recap - Sold Properties

Single Family Homes

January 1st - June 30th

 

Area

#  Sold

 Avg Price

DOM

% to original

 Price 

  

 Range

  

  

  

  

  

  

  

  

Duck

 

 

 

 

 

 

 

Oceanfront

6

 $1,744,500

163

91%

 $1,042,000

 to

 $3,675,000

Oceanside

25

 $   697,836

277

88%

 $   380,000

 

 $1,175,000

Soundfront

2

 $   809,750

81

88%

 $   750,000

 

 $   869,500

Soundside

5

 $   515,577

112

90%

 $   300,000

 

 $   610,000

 

 

 

 

 

 

 

 

Corolla

 

 

 

 

 

 

 

Oceanfront

4

 $2,446,250

176

88%

 $1,960,000

 

 $3,350,000

Oceanside

32

 $   737,958

216

87%

 $   360,000

 

 $1,923,000

Soundfront

3

 $1,156,666

397

82%

 $   800,000

 

 $1,800,000

Soundside

11

 $   542,218

237

85%

 $   420,000

 

 $   685,000

 

 

 

 

 

 

 

 

4-Wheel Drive Area

 

 

 

 

 

 

 

Oceanfront

2

 $1,062,500

115

90%

 $   825,000

 

 $1,300,000

Other

5

 $   456,200

132

83%

 $   216,000

 

 $   700,000

 

 

 

 

 

 

 

 

So. Shores

 

 

 

 

 

 

 

Oceanfront

0

 $             -

0

 

 $             -

 

 $             -

Oceanside

4

 $   611,000

138

93%

 $   535,000

to

 $   665,000

Canal/soundfront

3

 $   485,666

195

86%

 $   340,000

 

 $   727,000

Westside

14

 $   400,357

110

90%

 $   230,000

 

 $   680,000

 

 

 

 

 

 

 

 

Kitty Hawk

 

 

 

 

 

 

 

Oceanfront

1

 $   210,000

160

53%

 $   210,000

 to

 $   210,000

Between highways

9

 $   499,888

154

92%

 $   315,000

 

 $   719,000

sound/canalfront

3

 $   621,000

107

93%

 $   573,000

 

 $   645,000

Westside

8

 $   373,125

128

95%

 $   230,000

 

 $   762,500

Martin's Point SF

1

 $   875,000

239

89%

 $   875,000

 

 $   875,000

Martin's Point

0

 $             -

 

 

 $             -

 

 $             -

 

 

 

 

 

 

 

 

Kill Devil Hills

 

 

 

 

 

 

 

Oceanfront

1

 $   210,000

160

53%

 $   210,000

 to

 $   210,000

Between highways

13

 $   325,992

175

91%

 $   230,000

 

 $   415,000

Sound/canalfront

1

 $   338,000

24

95%

 $   338,000

 

 $   338,000

Westside

60

 $   253,161

131

91%

 $   139,000

 

 $   549,900

 

 

 

 

 

 

 

 

Collington HBR

 

 

 

 

 

 

 

Soundfront

2

 $   457,000

339

80%

 $   365,000

 to

 $   549,000

Canalfront

11

 $   340,045

178

86%

 $   210,000

 

 $   540,000

Other

11

 $   229,650

189

89%

 $   159,900

 

 $   339,000

 

 

 

 

 

 

 

 

Nags Head

 

 

 

 

 

 

 

Oceanfront

1

 $   925,000

168

70%

 $   925,000

 to

 $   925,000

Between highways

21

 $   579,495

165

91%

 $   294,000

 

 $   950,000

Soundfront

3

 $   832,833

220

75%

 $   603,500

 

 $   955,000

Westside

19

 $   339,468

217

87%

 $   164,900

 

 $   650,000

 

 

 

 

 

 

 

 

S. Nags Head

 

 

 

 

 

 

 

Oceanfront

6

 $   855,833

174

85%

 $   485,000

to

 $1,250,000

Oceanside

1

 $   276,900

463

65%

 $   276,900

 

 $   276,900

Westside

2

 $   437,450

220

93%

 $   289,900

 

 $   585,000

 

 

 

 

 

 

 

 

Rodanthe/Waves/Salvo

 

 

 

 

 

 

 

Oceanfront

3

 $   698,333

371

89%

 $   270,000

to

 $1,050,000

Oceanside

11

 $   400,127

115

91%

 $   169,900

 

 $   950,000

Soundfront

1

 $   635,000

424

64%

 $   635,000

 

 $   635,000

Soundside

2

 $   575,000

181

82%

 $   550,000

 

 $   600,000

 

 

 

 

 

 

 

 

Avon

 

 

 

 

 

 

 

Oceanfront

1

 $   745,000

207

88%

 $   745,000

to

 $   745,000

Oceanside

4

 $   449,262

593

74%

 $   300,000

 

 $   680,000

Soundfront

0

 $             -

 

 

 $             -

 

 $             -

Soundside

6

 $   317,083

307

85%

 $   125,000

 

 $   469,000

 

 

 

 

 

 

 

 

Buxton/Frisco/Hatteras

 

 

 

 

 

 

 

Oceanfront

4

 $1,040,585

90

90%

 $   707,340

to

 $1,495,000

Oceanside

14

 $   474,428

280

88%

 $   165,000

 

 $1,100,000

Soundfront

1

 $   640,000

108

95%

 $   640,000

 

 $   640,000

Soundside

1

 $   205,000

220

64%

 $   205,000

 

 $   205,000

 

 

 

 

 

 

 

 

Manteo

 

 

 

 

 

 

 

Soundfront

1

 $   650,000

284

88%

 $   650,000

to

 $   650,000

Other

14

 $   237,235

148

90%

 $     75,000

 

 $   330,000

 

 

 

 

 

 

 

 

Currituck Mainland:

 

 

 

 

 

 

 

Point Harbor to

 

 

 

 

 

 

 

Powells Point

7

 $   357,414

177

89%

 $   205,000

to

 $   735,000

 

 

 

 

 

 

 

 

Jarvisburg to

 

 

 

 

 

 

 

Poplar Branch

13

 $   196,350

172

82%

 $     95,000

to

 $   339,750

 

 

 

 

 

 

 

 

Aydlett to Barco

1

 $   158,000

305

79%

 $   158,000

to

 $   158,000

 

 

 

 

 

 

 

 

Maple to Moyock

27

 $   278,044

158

91%

 $   115,000

to

 $   490,000

 

 

 

 

 

 

 

 

  

Comments (5)

Dwayne West
Atlanta Real Estate - Canton, GA
Canton Georgia Real Estate

Welcome to the Active Rain community. You have chosen a great site with tons of information you can learn from.

Jul 21, 2008 08:37 AM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Marty,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

Jul 21, 2008 11:20 AM
Ron Brown NMLS #270845
NMLS ID: 40831 - Federal Way, WA

Marty,

Welcome to Active Rain.  You'll find this is a great place to interact, and share ideas, etc.  I would be sure to find a Localism site to post this type of  blog, there are probably lots of folks that would love to see this info in your area.

Ron Brown

Loan Officer

First Mortgage Company of Washington

 

Jul 21, 2008 01:57 PM
Connie Rice
Keller Williams Greenville Central - Simpsonville, SC
Connie Rice & Partners - Greenville, SC Real Estat

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Jul 22, 2008 08:53 AM
Peg Gilliland
Charlottesville Solutions - Charlottesville, VA
Broker, GRI, CDPE

I see that you are new to Active Rain and I just wanted to welcome you. I hope that you enjoy it as much as I do and that you find it a great resource.

Jul 23, 2008 05:41 AM