Outer Banks Real Estate Market Update July 2019

Dated: 08/12/2019

Views: 494

The Outer Banks had the highest number of listings under contract since the MLS started tracking this data in September 2013 - 454 listings. This is up 7% over July 2018. Expect a record number of closings in August. 

Year over year, sales are up for Residential and Commercial listings, but lot / land sales are off by 11%. Residential inventory is up by 3%. Lots / land is up by 14%. Commercial is up by 13% 

Distressed sale inventory and foreclosures are down from last year. There were only 16 listings in inventory and 3 new foreclosures for the month. 

Here are the median sales prices for selected towns on the OBX: 

Corolla - $492,500 

Duck - $502,500 

Southern Shores - $435,000 

Kitty Hawk - $350,500 

Kill Devil Hills - $284,100 

Colington - $284,900 

Nags Head - $398,000 

All Hatteras - $330,000

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 firm.

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Steven Donald

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....

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