2019 was a pretty good year for OBX real estate according to the Outer Banks Association of Realtors. Sales have been climbing steadily since 2008. For 2019, sales have increased 8%.
Outer Banks Real Estate Market December YearEnd 2019
2019 was a pretty good year for OBX real estate according to the Outer Banks Association of Realtors.
Sales have been climbing steadily since 2008. For 2019, sales have increased 8%. Residential sales were up 8%, lot sales were steady and commercial sales were up 57%.
Under contract declined significantly from November; however, the number of listings placed under contract was up 8% since December 2018.
Overall, in 2019, inventory declined 5% with residential and commercial inventory down 7% and lots / land inventory up 1%.
Corolla - $490,000 (Down 1% from 2018)
Duck - $497,500 (Down 5% from 2018)
Southern Shores - $472,000 (Up 10% from 2018)
Kitty Hawk - $375,000 (Up 7% from 2018)
Kill Devil Hills - $285,000 (Up 4% from 2018)
Colington - $271,375 (Down 1% from 2018)
Nags Head - $399,900 (Up 3% from 2018)
All Hatteras - $340,000 (Up 11% from 2018)
Based on information from the Outer Banks Association of REALTORS® MLS. Information contained herein is deemed reliable but not guaranteed and may not reflect all real estate activity in the market. Opinions expressed are solely my own and do not express the views or opinions of my employer.
Steve Donald and At The Beach Realty //// At the Beach Realty is a local firm located in Kitty Hawk, North Carolina with over 22 years’ experience selling Outer Banks real estate. We are member....