Outer Banks Real Estate Market December YearEnd 2019

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%. 

Median home prices are generally up from 2018 with the exception of Corolla, Duck and Colington. Here is the median sales prices for selected towns on the OBX: 

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.

Steven Donald Headshot
Phone: 252-489-0982
Dated: January 21st 2020
Views: 503
About Steven: Steve Donald and At The Beach Realty //// At the Beach Realty is a local firm located in Kitty ...

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