Nags Head, NC Real Estate News

By Greg Cremia
(Shore Realty of the Outer Banks)
Southridge Homes Sold Jan 1, 2023 To Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     5     $3,414,900     $682,980     $661,000     53                   Cash     1     $490,000     $490,000     $490,000     27          Analysis By Area                   Nags Head Westside     6     $3,904,900     $650,817     $657,950     49                   Totals     6     $3,904,900     $650,817     $657,950     49                        Non Co-op Sales     0                    0                   Co-op Sales     6     $3,904,900     $650,817     $657,950     49                   Total Sales     6     $3,904,900     $650,817     $657,950     49   Southridge Homes Sold Jan 1,...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Nags Head Acres Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $1,232,500     $616,250     $616,250     53                   Cash     3     $1,790,250     $596,750     $550,000     53          Analysis By Area                   Nags Head Westside     5     $3,022,750     $604,550     $550,000     53                   Totals     5     $3,022,750     $604,550     $550,000     53                        Non Co-op Sales     0                    0                   Co-op Sales     5     $3,022,750     $604,550     $550,000     53                   Total Sales     5     $3,022,750     $604,550     $550,000     53  Nags Head Acres Homes ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Hollwood Beach Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     5     $6,742,000     $1,348,400     $1,350,000     22                   Cash     2     $1,675,000     $837,500     $837,500     26          Analysis By Area                   S. N.H. East/Old Oregon R     4     $6,130,000     $1,532,500     $1,582,500     21                   S. N.H. West/Old Oregon R     3     $2,287,000     $762,333     $747,000     27                   Totals     7     $8,417,000     $1,202,429     $1,075,000     23                        Non Co-op Sales     0                    0                   Co-op Sales     7     $8,417,000     $1,202,429     $1,07...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Geo T Stronach Subdivision Homes Sold Jan 1, 2022 to Jan 1, 2023             No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $2,450,000     $1,225,000     $1,225,000     54                   Cash     5     $5,404,313     $1,080,863     $1,070,000     45                   Jumbo Loan     1     $1,275,000     $1,275,000     $1,275,000     27          Analysis By Area                   Nags Head Oceanside     2     $2,465,000     $1,232,500     $1,232,500     102                   Nags Head between hwys     6     $6,664,313     $1,110,719     $1,115,000     26                   Totals     8     $9,129,313     $1,141,164     $1,167,500     45                        Non Co-op Sales     1     $1,010...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 Bodie Island Beach Homes Sold Between Jan 1,2023 to Jan 1, 2024      Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $2,165,000     $1,082,500     $1,082,500     46                   Cash     3     $4,729,000     $1,576,333     $1,725,000     72                   Jumbo Loan     2     $5,365,000     $2,682,500     $2,682,500     88          Analysis By Area                   S. N.H. East/Old Oregon R     4     $9,274,000     $2,318,500     $2,349,500     87                   S. N.H. West/Old Oregon R     3     $2,985,000     $995,000     $820,000     45                   Totals     7     $12,259,000     $1,751,286     $1,725,000     69                        Non Co-op Sal...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 Nags Head Homes Sold Between Jan 1,2023 to Jan1, 2024               No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     2     $1,340,000     $670,000     $670,000     4                   Conventional     78     $56,056,207     $718,669     $654,950     31                   FHA     1     $520,000     $520,000     $520,000     2                   Cash     30     $23,528,750     $784,292     $742,500     37          Analysis By Area                   Nags Head Oceanside     3     $2,774,000     $924,667     $820,000     48                   S. N.H. East/Old Oregon R     5     $3,996,000     $799,200     $710,000     42                   Nags Head between hwys     31     $26,217,527     $845,727     $800,000    ...
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By Matt Huband- OBX Realty Group-From Corolla To Hatteras, Working With Buyers and Sellers Since 2003
(OBX Realty Group)
A Look at the Nags Head Real Estate MarketNags Head, North Carolina, is more than just a coastal town; it’s a lifestyle. Nestled along the breathtaking Outer Banks, this charming destination boasts a unique real estate market that beckons both homebuyers and investors. As the waves roll onto the pristine shores of Nags Head, so do opportunities in the real estate sector. In this article, we’ll dive into the ever-evolving market, exploring trends, unique areas, and the allure of Nags Head’s coastal living.While real estate markets nationwide ebb and flow, Nags Head has shown remarkable resilience. Whether it’s the year-round appeal of its natural beauty or the allure of rental income from vacation homes, Nags Head continues to attract buyers and investors alike. Property values have incr...
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By Greg Cremia
(Shore Realty of the Outer Banks)
The increase in the maximum loan limits by the FHFA and FHA is good news for home buyers who want to purchase a property on the Outer Banks, a popular destination for vacationers and retirees. The Outer Banks consists of several towns and communities, each with its own character and appeal. Depending on the location, size, and condition of the property, the prices can vary significantly. Some areas may be more affordable than others, but also more vulnerable to natural disasters such as hurricanes and flooding. Therefore, home buyers should consider not only the price, but also the risk and insurance costs of owning a property on the Outer Banks.One town that may be better situated to handle the increase in loan limits is Nags Head, which is located on the central part of the Outer Bank...
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By Greg Cremia
(Shore Realty of the Outer Banks)
      Whalebone Beaches Subdivision Update Jan 1 - July 1, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $1,454,551     $727,276     $727,275     45                   Cash     1     $991,600     $991,600     $991,600     11          Analysis By Area                   Nags Head between hwys     2     $1,976,251     $988,126     $988,125     18                   Nags Head Westside     1     $469,900     $469,900     $469,900     64                   Totals     3     $2,446,151     $815,384     $984,651     33                        Non Co-op Sales     0                    0                   Co-op Sales     3     $2,446,151     $815,384     $984,651     33                   Tota...
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By Greg Cremia
(Shore Realty of the Outer Banks)
George T Stronach Subdivision Property Update Jan 1 - July 1, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     4     $6,690,000     $1,672,500     $1,557,500     60                   Cash     1     $1,433,800     $1,433,800     $1,433,800     300          Analysis By Area                   Nags Head Oceanside     2     $4,260,000     $2,130,000     $2,130,000     117                   Nags Head between hwys     3     $3,863,800     $1,287,933     $1,430,000     102                   Totals     5     $8,123,800     $1,624,760     $1,433,800     108                        Non Co-op Sales     0                    0                   Co-op Sales     5     $8,123,800     $1,624,760     $1,...
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By Greg Cremia
(Shore Realty of the Outer Banks)
If you are looking for some fun activities to enjoy in Nags Head, NC during the month of October 2023, you have plenty of options to choose from. Whether you are into golf, adventure, fishing, or history, there is something for everyone in this charming coastal town. Here are some of the highlights that you can check out:- Mutiny Bay Adventure Golf: Join Billy Bowlegs and his crew for a pirate-themed mini golf experience that will challenge your skills and entertain your senses. Watch out for the cannon fire and the pirate cave as you putt through 18 holes of sound-side fun. You can also enjoy the arcade and the gift shop for some extra pirate booty. - First Flight Adventure Park: If you are feeling adventurous, head to the First Flight Adventure Park and test your courage and agility o...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Bodie Isle Beach Property Update Jan 1 - July -, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     77     $72,034,995     $935,519     $750,000     27                   Cash     26     $35,472,900     $1,364,342     $1,187,500     22                   Jumbo Loan     17     $31,076,000     $1,828,000     $1,760,000     36          Analysis By Area                   Nags Head Oceanside     20     $43,615,400     $2,180,770     $2,250,000     24                   S. N.H. East/Old Oregon R     23     $32,242,400     $1,401,843     $1,250,000     39                   Nags Head between hwys     37     $37,788,750     $1,021,318     $945,000     30                   S. N.H. West/Old Oregon...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Nags Head Single Family Homes Sold Jan 1 - July 1, 2023 Sold Market   No. of Listings Dollar Volume Average Price Median Price Average DOM Other 2 $1,340,000 $670,000 $670,000 4 Conventional 53 $41,922,707 $790,994 $661,000 45 FHA 1 $520,000 $520,000 $520,000 2 Cash 20 $17,817,350 $890,868 $760,000 48 Jumbo Loan 1 $1,550,000 $1,550,000 $1,550,000 35 Analysis By Area Nags Head Oceanside 6 $10,938,200 $1,823,033 $1,759,100 113 S. N.H. East/Old Oregon R 7 $7,084,000 $1,012,000 $805,000 64 Nags Head between hwys 16 $13,762,027 $860,127 $924,950 46 S. N.H. West/Old Oregon R 9 $7,869,500 $874,389 $765,000 32 Nags Head Westside 39 $23,496,330 $602,470 $575,000 31 Totals 77 $63,150,057 $820,131 $679,000 44 Non Co-op Sales 6 $5,280,000 $880,000 $800,500 6 Co-op Sales 71 $57,870,057 $815,071 $679...
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By Greg Cremia
(Shore Realty of the Outer Banks)
If you are looking for a nags head rental house, you might be wondering if it is worth paying extra for one that has an in ground pool. There are several advantages in having a pool in your vacation home, especially if you enjoy swimming, relaxing, or entertaining guests. Here are some of the benefits of having a pool in your nags head rental house:- You can swim anytime you want, without having to worry about the weather, the tides, or the crowds at the beach. Swimming is a great way to exercise, relieve stress, and have fun with your family and friends.- You can enjoy the privacy and comfort of your own pool, without having to share it with strangers or follow the rules of a public pool. You can also customize the pool to your liking, such as adjusting the temperature, adding lights, ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Is there a housing shortage in Nags Head NC?According to various sources, Nags Head and the Outer Banks region are facing a serious challenge of affordable housing for both residents and workers. The median sale price of a home in Nags Head was $703K in June 2023, down 13.5% since last year, but still 67% higher than the national average . A survey conducted by Public Policy Polling in May 2022 found that 59% of North Carolinians agreed that affordable housing is a major problem in their communities, and 48% said state leaders should intervene to help alleviate the shortages . The problem is exacerbated by the lack of rental housing for seasonal workers, many of whom come from overseas and are unable to get visas due to the pandemic . The Outer Banks Chamber of Commerce has been advocat...
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By Greg Cremia
(Shore Realty of the Outer Banks)
The Nags Head NC real estate market is a popular destination for buyers who are looking for a coastal lifestyle, scenic views, and a variety of properties to choose from. The market offers a range of options, from oceanfront homes and condos, to soundside cottages and townhomes, to historic landmarks and new developments. The average home price in Nags Head NC is $608,000, which is higher than the national average of $295,300. However, the market also has some affordable options, especially for buyers who are willing to compromise on location or size. The market is influenced by seasonal demand, as many buyers are looking for vacation rentals or second homes. The peak season is from May to September, when the weather is warm and the beaches are crowded. The off-season is from October to...
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By Greg Cremia
(Shore Realty of the Outer Banks)
The George Stronach Subdivision 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 the George T Stronach Subdivision home sales strong and the prices up.      Residential Homes Sold In George T Stronach Subdivision in Nags Head NC From January 1, 2023 to April 11, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $4,260,000     $2,130,000     $2,130,000     117          Analysis By Area                   Nags Head Oceanside     2     $4,260,000     $2,130,000     $2,130,000     117                   Tot...
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By Greg Cremia
(Shore Realty of the Outer Banks)
The Southridge 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 Southridge home sales strong and the prices up.      Residential Homes Sold In Southridge in Nags Head NC From January 1, 2023 to April 11, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $1,315,900     $657,950     $657,950     35                   Cash     1     $490,000     $490,000     $490,000     27          Analysis By Area                   Nags Head Westside     3     $1,805,900     $601,967     $654,900     32                 ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
The Nags Head Shores 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 Nags Head Shores home sales strong and the prices up.      Residential Homes Sold In Nags Head Shores in Nags Head NC From January 1, 2023 to April 11, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     4     $3,810,776     $952,694     $859,500     56                   Cash     2     $1,075,500     $537,750     $537,750     5                   Owner Finance     1     $900,000     $900,000     $900,000     139          Analysis By Area    ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
The Nags Head real estate market is moving along briskly considering there is a shortage of homes for sale. Home owners are reluctant to sell right now and the lack of inventory is keeping Nags Head home sales strong and the prices up.           Residential Homes Sold In Nags Head NC From January 1, 2023 to April 11, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     28     $24,241,356     $865,763     $690,888     48                   Cash     11     $8,459,550     $769,050     $679,000     45                   Owner Finance     1     $900,000     $900,000     $900,000     139                   Jumbo Loan     1     $1,550,000     $1,550,000     $1,550,000     35          Analysis By Are...
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