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Nags Head, NC Real Estate News

By Greg Cremia
(Shore Realty of the Outer Banks)
 This is your 2018 year end Market Update covering single family home sales in Nags Head. As you can see, the home sales on the oceanfront have taken a little bit of a hit with the number of units sold falling by almost 30%. Luckily the Median Price of oceanfront homes has not taken a hit which indicates prices are holding on. Sold Market Nags Head Oceanfront Single Family Homes Sold 2018   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 4 $4,790,000 $1,197,500 $1,082,500 119 Cash 2 $1,734,000 $867,000 $867,000 188 Jumbo Loan 3 $5,519,000 $1,839,667 $2,200,000 292   Analysis By Area Nags Head Oceanside 9 $12,043,000 $1,338,111 $1,119,000 192 Totals 9 $12,043,000 $1,338,111 $1,119,000 192   Non Co-op Sales 1 $725,000 $725,000 $725,000 24 Co...
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By Greg Cremia
(Shore Realty of the Outer Banks)
MLS #: 92648 0 S Croatan Highway Nags Head, NC 27959 Asking Price: $800,000 Status: Active Status Date: 6/4/2016  Listing Information Headline 4 NH Commercial Lots Btw Hwys! Area Nags Head between hwys Asking Price $800,000 Price Date 11/29/2016 Original Asking Price $850,000 Total Tax Assessed Value $99,400 Days On Market 840 Cumulative Days On Market 840 Listing Date 6/2/2016 Listing Type Exclusive Right Sell Input Date Date 6/4/2016 Update Date 5/11/2018 11:50:00 AM Sale Or Rent For Sale Ownership O  Building Details  Type Commercial Class LOTS/LAND  Lot Details & Legal Description  Address 0 S Croatan Highway Unit/Lot # Lot 1 Block B1 Subdivision Roanoke Snd Shr Full Subdivision Name Roanoke Sound Shores Resub S 3 County Dare City Nags Head State NC Zip 27959 Deed Page 0166 Deed Bo...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 The pretty lady on the TV was bragging about selling her house in record time and for a record price. She found this wonderful real estate agent on some website with all these incredible 5 star reviews and tons of experience. She hired this agent to sell her house and this miracle agent sold the house in just 2 days and for $40,000 over the asking price. This agent must have some type of magic wand to pull this off, right?Wrong, this agent underpriced the house so much that buyers were fighting over the pretty ladies’ house. If the house was priced at market value when it first came on the market then the house would have been listed for more than the final selling price. This fabulous real estate agent did not know how much the house was worth and consequently listed it with too low a...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Sold Market Kill Devil Hills Single Family Homes   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 1 $349,150 $349,150 $349,150 13 Conventional 83 $28,044,287 $337,883 $307,500 91 FHA 5 $1,303,000 $260,600 $242,000 78 VA 4 $1,144,850 $286,213 $268,500 81 Cash 23 $6,423,500 $279,283 $247,000 69 Owner Finance 1 $350,000 $350,000 $350,000 593 USDA 1 $240,000 $240,000 $240,000 0   Analysis By Area Kill Devil Hills Oceanside 4 $4,210,777 $1,052,694 $762,888 146 Kill Devil Hills b/w Hwys 27 $10,266,700 $380,248 $350,000 114 Kill Devil Hills Westside 87 $23,377,310 $268,705 $260,000 78 Totals 118 $37,854,787 $320,803 $290,000 89   Non Co-op Sales 12 $3,224,400 $268,700 $256,250 68 Co-op Sales 106 $34,630,387 $326,702 $300,000 91 Total Sales 118 $37,854...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Sold Market Nags Head Single Family Homes   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 75 $37,941,399 $505,885 $406,000 128 VA 2 $673,791 $336,896 $336,895 62 Cash 17 $6,362,900 $374,288 $345,000 89 Jumbo Loan 4 $4,811,000 $1,202,750 $989,500 278 USDA 1 $245,000 $245,000 $245,000 57   Analysis By Area Nags Head Oceanside 9 $8,088,000 $898,667 $725,000 265 S. N.H. East/Old Oregon R 18 $11,400,000 $633,333 $443,500 73 Nags Head between hwys 23 $11,865,000 $515,870 $460,000 110 S. N.H. West/Old Oregon R 6 $2,755,500 $459,250 $461,500 248 Nags Head Westside 43 $15,925,590 $370,363 $335,000 109 Totals 99 $50,034,090 $505,395 $390,000 125   Non Co-op Sales 12 $6,434,000 $536,167 $523,000 196 Co-op Sales 87 $43,600,090 $501,150 $390,000 115...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Sold Market Nags Head Single Family Homes 2017   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 3 $670,500 $223,500 $224,000 22 Conventional 163 $47,873,780 $293,704 $283,000 92 FHA 10 $2,555,800 $255,580 $254,000 56 VA 13 $3,812,900 $293,300 $300,000 75 Cash 46 $15,339,800 $333,474 $277,000 124 Owner Finance 3 $872,600 $290,867 $280,000 158 USDA 1 $198,000 $198,000 $198,000 74   Analysis By Area Kill Devil Hills Oceanside 6 $4,890,500 $815,083 $787,500 92 Kill Devil Hills b/w Hwys 71 $23,180,100 $326,480 $310,000 131 Kill Devil Hills Westside 162 $43,252,780 $266,992 $261,500 81 Totals 239 $71,323,380 $298,424 $279,000 96   Non Co-op Sales 36 $10,912,018 $303,112 $289,450 84 Co-op Sales 203 $60,411,362 $297,593 $277,000 98 Total Sales 239 $71,...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Yaupon Beach Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     1     $427,000     $427,000     $427,000     25                   Cash     1     $465,000     $465,000     $465,000     7          Analysis By Area                   S. N.H. East/Old Oregon R     2     $892,000     $446,000     $446,000     16                   Totals     2     $892,000     $446,000     $446,000     16                        Non Co-op Sales     1     $427,000     $427,000     $427,000     25                   Co-op Sales     1     $465,000     $465,000     $465,000     7                   Total Sales     2     $892,000     $446,000     $446,000     16       Sold Market Yaupon Beac...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market The Village at Nags Head Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     23     $11,463,000     $498,391     $430,000     180                   Cash     7     $4,872,250     $696,036     $515,000     138                   Jumbo Loan     1     $1,250,000     $1,250,000     $1,250,000     49          Analysis By Area                   Nags Head Oceanside     8     $7,880,000     $985,000     $1,145,000     156                   Nags Head between hwys     3     $1,521,500     $507,167     $515,000     91                   Nags Head Westside     20     $8,183,750     $409,188     $392,500     182                   Totals     31     $17,585,250     $567,266     ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Southridge Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     8     $3,304,000     $413,000     $378,500     103                   FHA     1     $359,900     $359,900     $359,900     31                   VA     1     $397,482     $397,482     $397,482     58                   Cash     1     $320,000     $320,000     $320,000     117          Analysis By Area                   Nags Head Westside     11     $4,381,382     $398,307     $375,000     94                   Totals     11     $4,381,382     $398,307     $375,000     94     LOTS/LAND                   Conventional     1     $128,000     $128,000     $128,000     505                   Cash     2     $20...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Old Nags Head Cove 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     1     $299,900     $299,900     $299,900     49                   Conventional     15     $4,629,000     $308,600     $285,000     93                   Cash     4     $915,000     $228,750     $225,000     29          Analysis By Area                   Nags Head Westside     20     $5,843,900     $292,195     $280,000     78                   Totals     20     $5,843,900     $292,195     $280,000     78     LOTS/LAND                   Cash     6     $687,000     $114,500     $106,500     206          Analysis By Area                   Nags Head Westside     6     $687,000     $114,500     $106,500     206    ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Ocean Colony South Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     3     $1,059,900     $353,300     $310,000     115                   Cash     2     $635,000     $317,500     $317,500     118          Analysis By Area                   S. N.H. East/Old Oregon R     3     $1,059,900     $353,300     $310,000     103                   S. N.H. West/Old Oregon R     2     $635,000     $317,500     $317,500     136                   Totals     5     $1,694,900     $338,980     $310,000     116                        Non Co-op Sales     1     $310,000     $310,000     $310,000     52                   Co-op Sales     4     $1,384,900     $346,225     $317,500  ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Nags Head Pond Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $760,750     $380,375     $380,375     137                   VA     1     $438,000     $438,000     $438,000     35                   Cash     1     $439,000     $439,000     $439,000     79          Analysis By Area                   Nags Head Westside     4     $1,637,750     $409,438     $438,500     97                   Totals     4     $1,637,750     $409,438     $438,500     97                        Non Co-op Sales     0                    0                   Co-op Sales     4     $1,637,750     $409,438     $438,500     97                   Total Sales     4     $1,637,750     $409...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Hollywood Beach Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     8     $4,518,000     $564,750     $505,250     137                   Cash     2     $1,308,900     $654,450     $654,450     52          Analysis By Area                   S. N.H. East/Old Oregon R     5     $3,463,000     $692,600     $650,000     135                   S. N.H. West/Old Oregon R     5     $2,363,900     $472,780     $427,500     104                   Totals     10     $5,826,900     $582,690     $505,250     120                        Non Co-op Sales     1     $398,000     $398,000     $398,000     174                   Co-op Sales     9     $5,428,900     $603,211     $542,500...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Goosewing 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $771,000     $385,500     $385,500     46                   Cash     1     $460,000     $460,000     $460,000     196          Analysis By Area                   S. N.H. East/Old Oregon R     3     $1,231,000     $410,333     $450,000     96                   Totals     3     $1,231,000     $410,333     $450,000     96                        Non Co-op Sales     0                    0                   Co-op Sales     3     $1,231,000     $410,333     $450,000     96                   Total Sales     3     $1,231,000     $410,333     $450,000     96       Sold Market Goosewing 2017          No. of Listings...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Chawanook Cay 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     3     $1,384,000     $461,333     $452,000     76          Analysis By Area                   S. N.H. East/Old Oregon R     3     $1,384,000     $461,333     $452,000     76                   Totals     3     $1,384,000     $461,333     $452,000     76                        Non Co-op Sales     0                    0                   Co-op Sales     3     $1,384,000     $461,333     $452,000     76                   Total Sales     3     $1,384,000     $461,333     $452,000     76       Sold Market Chawanook Cay 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Whalebone Beaches 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     6     $3,372,000     $562,000     $537,500     98                   Jumbo Loan     1     $1,150,000     $1,150,000     $1,150,000     132          Analysis By Area                   Nags Head Oceanside     2     $2,125,000     $1,062,500     $1,062,500     112                   Nags Head between hwys     4     $2,172,000     $543,000     $537,500     91                   Nags Head Westside     1     $225,000     $225,000     $225,000     132                   Totals     7     $4,522,000     $646,000     $605,000     103                        Non Co-op Sales     1     $402,000     $402,000     $402,000 ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Vista Colony 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     9     $2,453,500     $272,611     $265,000     110                   Cash     1     $150,000     $150,000     $150,000     6          Analysis By Area                   Nags Head between hwys     5     $1,309,000     $261,800     $235,000     123                   Nags Head Westside     5     $1,294,500     $258,900     $265,000     77                   Totals     10     $2,603,500     $260,350     $250,000     100     LOTS/LAND                   Cash     1     $78,100     $78,100     $78,100     49          Analysis By Area                   Nags Head Westside     1     $78,100     $78,100     $78,100     4...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Nags Head Acres 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     3     $883,000     $294,333     $320,000     87          Analysis By Area                   Nags Head Westside     3     $883,000     $294,333     $320,000     87                   Totals     3     $883,000     $294,333     $320,000     87     LOTS/LAND                   Conventional     1     $110,000     $110,000     $110,000     111                   Cash     2     $200,000     $100,000     $100,000     338          Analysis By Area                   Nags Head Westside     3     $310,000     $103,333     $110,000     262                   Totals     3     $310,000     $103,333     $110,000     262     ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market North Ridge Estates 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $526,000     $263,000     $263,000     33                   FHA     1     $287,000     $287,000     $287,000     182          Analysis By Area                   Nags Head Westside     3     $813,000     $271,000     $287,000     83                   Totals     3     $813,000     $271,000     $287,000     83                        Non Co-op Sales     0                    0                   Co-op Sales     3     $813,000     $271,000     $287,000     83                   Total Sales     3     $813,000     $271,000     $287,000     83       Sold Market North Ridge Estates 2016          No. of List...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Bodie Island Beach 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     1     $701,000     $701,000     $701,000     41                   Conventional     3     $1,895,000     $631,667     $655,000     396                   Cash     3     $1,058,500     $352,833     $222,000     20                   Jumbo Loan     2     $2,230,000     $1,115,000     $1,115,000     181          Analysis By Area                   S. N.H. East/Old Oregon R     4     $3,810,000     $952,500     $1,002,500     313                   S. N.H. West/Old Oregon R     5     $2,074,500     $414,900     $315,000     80                   Totals     9     $5,884,500     $653,833     $655,000     183             ...
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