Outer Banks Real Estate Market Update Year End 2017

Outer Banks Real Estate Market Update Year End 2017

It was a great year for real estate sales on the Outer Banks. We continue to see the best homes fly off the shelf so to speak. It’s a sellers’ market!

• Total Unit Sales: 2560 units sold! Best year since 2005!

• Total Sales Volume: $766,057,072! Best year since 2005!

• Average Home Price: $387,064 - highest average home sale price! Best year since 2014!

• Median Home Price: $313,021 - highest median home price! Best year since 2014!

• Inventories: Lowest monthly inventory since 2010!

• Days on the Market: Rapidly declining Days on the market! Down 43% in December!

Our advice to buyers is to contact a mortgage lender and get pre-approved for the mortgage. We will be happy to recommend a local lender should you need one. Next, set up searches to find properties that meet your criteria. Be prepared to visit the properties you are interested in and act quickly.  For more ideas, read my earlier blog “How to Buy in a Tight Market.”

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.

Steven Donald Headshot
Phone: 252-489-0982
Dated: January 20th 2018
Views: 276
About Steven: Steve Donald and At The Beach Realty //// At the Beach Realty is a local firm located in Kitty ...

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at the beach realty llc
4802 Palmer Drive
kitty hawk, NC