2008 Second Quarter Market Recap

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