Outer Banks Real Estate Market Update July 2019

Outer Banks Real Estate Market Update July 2019

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.


Steven Donald Headshot
Author:
Phone: 252-489-0982
Dated: August 12th 2019
Views: 530
About Steven: Steve Donald and At The Beach Realty //// At the Beach Realty is a local firm located in Kitty ...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Outer Banks Real Estate Market October 2020 - Highest Year to Date Sales Volume
Outer Banks Real Estate Market September 2020 - Record sales three months in a!
Outer Banks Real Estate Market August 2020 - The Outer Banks real estate market
The Outer Banks Real Estate Market July 2020 - The Outer Banks real estate market

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

at the beach realty llc
4802 Palmer Drive
kitty hawk, NC
252-375-8591