The Outer Banks Market Report
2nd Quarter – 2008
2nd Quarter Statistics
|
|
Average |
Median |
Days On Market |
|
Q2 08 |
$381,359 |
$300,000 |
202 |
|
Q2 07 |
$436,516 |
$350,000 |
182 |
|
% Change |
-12.64% |
-14.29% |
10.99% |
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 |
|
|
|
|
|
|
|
|
|
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