Under Contract listings, up 17%, are still at their highest since September 2017 which again looks good for closings in October. While YTD Condominium & Lot/Land sales are down compared to January-September 2018, sales in general are up 3% with Residential sales up 5%. More specifically--Single-Family Detached sales are up 7%.
Overall, inventory is up with Commercial properties having the highest percentage at 17%. Lots/Land inventory is up for the third month in a row at 12%. This may indicate a great time to build! However, Residential inventory is down 2% which still indicates that it may be harder to to buy a a house now.
Despite Hurricane Dorian, Residential unit sales were up 80% in Ocracoke which is good news. Currituck Mainland also saw a 24% increase in sales compared to January-September 2018 with the median price of a Residential home jumping 9% to $265,500.
Here are the median sales prices for selected towns on the OBX:
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.
Author:Steven Donald Phone: 252-489-0982 Dated: October 16th 2019 Views: 425 About Steven: Steve Donald and At The Beach Realty ////
At the Beach Realty is a local firm located in Kitty ...
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Since 1996 I have been proudly selling real estate on the Outer Banks of North Carolina. I can think of no other career than to help people realize their dream of home ownership on these beautiful barrier islands. I represent buyers and sellers, whether you are a first time buyer, seasoned investor or somewhere in between. You can count on myself and my team to be with you every step of the way. Honesty and Integrity are the core values of our company.