Outer Banks Real Estate Market Stats for January 2014

The Outer Banks Association of REALTORS(R) recently released the market figures for the first month of 2014. The Outer Banks real estate market is looking better and looks like the trend is upward!! Sales – Looking over the last 3 years, the trend for overall sales is in the positive direction with Lot Land sales providing the most impact to the overall sales growth. When looking at the data over a two year period, lot / land sales have increased by 12% while residential sales have been steady with less than .06% change. Sales Price – The good news here is that over the last two years … [Read more...]

Outer Banks December 2013 MLS Statistical Report – 2013 Year End Summary

Residential Sales Residential property units sold in 2013 down from last year by 2% (34 units) Total volume sold was down from last year by 7% ($40,169,100) – but still optimistic. The Median Sale price of residential properties was down by 5% ($17,743). Distressed Residential Sales Distressed residential units sold in 2013 down by 21% (102 units) Total volume sold was down by 21% ($15,703,919). Distressed sales declined through November to the lowest number of distressed properties since 2009. HOWEVER, the month of December had a sharp increase to the number … [Read more...]