August 2017 MLS Statistical Report. Median Sale Price

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Chastity McKinney
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1 August 217 MLS Statistical Report Median Sale Price $4, $3, $2, $1, $ Summary Median Home Price: Over the last years, median home prices have risen by 23%; however, much of the increase has occurred in the last 2 years. See the graph above. Average Home Price: The average home price is up 4% from 216. Total Sales: Total August sales - 6 Units. Total Volume Sold - $6,46,369. Under-contract: Units listed as under contract decreased by 1% (419 vs 422 Units) from July 217. New Construction: As of July 217, the number of new construction building permits were down 23% from 216 (17 units vs 22 units). Total building permit value for 217 is down by 14% from 216. Days on the Market: For all residential properties listed in the MLS, the average Days on the Market (Y-O-Y) is down by 23% (1 vs 197). It should also be noted that for the 643 properties that has listed and sold since January 1, 217 the average days on the market is just 4 days. Distressed Sales: Distressed sales accounted for just 2% of the total residential unit sales. Total volume sold was down by 26%. Inventories: Residential inventory was down by 8%, Lots / Land inventory was down by 11% and commercial inventory was down by 16%.. Data Obtained: September, 217 Note: This report reflects corrections / updates to previous data.

2 Total Property Sales Current Year Performance Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sold Residential Sold Land Sold Commercial Residential One year Ago Lots / Land One Year Ago Commercial One Year Ago All Classes One Year Ago Year to Date Comparison Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale % Chg Qty Active % Chg 131 $9,73,69 $388,987 $31, $439,362,16 $373,67 $3, % $7,211,3 16% $,38 4% $1, 3% (131) -8% 34 $37,178,3 $,22 $7, $43,261,39 $132,297 $73, % ($6,83,329) -14% ($27,27) -21% $2,2 3% (12) -11% 16 $,32, $334,31 $314, $14,89,17 $74,4 $4, 7 (4) -2% ($9,46,17) -64% ($4,919) -% ($13,12) -3% (12) -16% 168 $2,14,139 $328,633 $27, $497,432,482 $326,613 $26, % $4,671,67 11% $2,2 1% $,2 2% (24) -9%

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Residential Property Sales 3 2

. Absorption Rate in Weeks Absorption Rate Definition: The number of weeks it takes to sell the current inventory at the present rate of sales OR Total

and Above Year to Date Comparison - Residential Property Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale % Chg Single Family Detached One

3 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Residential Property Sales Average Days on Market Absorption Rate in Weeks Absorption Rate Definition: The number of weeks it takes to sell the current inventory at the present rate of sales OR Total Active Listings ((Units sold last month * 12 months) / 2 weeks) Residential Inventory 1 Residential Sales by Price Range $7, and Above Year to Date Comparison - Residential Property Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale % Chg Single Family Detached One year Ago 1118 $46,961,36 $48,731 $323,2 996 $392,2,798 $394,129 $32, % $64,48,738 16% $14,62 4% $3,2 1% Condominium One Year Ago 14 $3,13,716 $23,669 $22,9 121 $31,131,679 $27,286 $23, 19 16% $4,382,37 14% ($3,617) -1% $17,9 8% All Residential One Year Ago 131 $9,73,69 $388,987 $31, 1176 $439,362,16 $373,67 $3, % $7,211,3 16% $,38 4% $1, 3%

4 Land Sales $,, $1,, $,, $ Lots / Land vs Total Sale Price $4, $3, $2, $1, $ Lot / Land Ave vs Median Sale Price Total Sale Price Average Sale Price Median Sale Price 7 Land By Type Sep-14 Dec-14 Mar- Jun- Sep- Dec- Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Residential Commercial / Industrial Boatslip Acreage Land - Residential One Year Ago Increase / Decrease All Land One year Ago Year to Date Comparison - Land Listings Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale % Chg 311 $32,37,39 $13,14 $7, 297 $34,69,2 $116,818 $74, 14 % ($2,67,82) -8% ($13,84) -12% $ 1% 34 $37,178,3 $,22 $7,2 327 $43,261,39 $132,297 $73, 27 8% ($6,83,329) -14% ($27,27) -21% $2,2 3%

Distressed Properties (Residential) Dare County Foreclosures 2 2 1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 214 2 216 217 Residential - Short Sale One year Ago Residential - Bank Ow ned One

5 Distressed Properties (Residential) Dare County Foreclosures Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Residential - Short Sale One year Ago Residential - Bank Ow ned One Year Ago All Residential - Distressed One Year Ago Year to Date Comparison - Distressed Properties Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale % Chg 19 $8,747, $46,368 $327, 23 $11,872,8 $16,28 $3, (4) -17% ($3,12,8) -26% ($,84) -11% $22, 7% 7 $13,22,93 $231,946 $19, 4 $14,71,8 $272,41 $2,2 3 6% ($1,489,2) -1% ($4,464) -% ($,2) -3% 76 $21,967,93 $692,314 $22, 77 $26,82,98 $788,618 $,2 (1) -1% ($4,6,) -17% ($96,34) -12% $16,8 3%

6 Y-O-Y Total Building Permit Comparision as of July 217 $12,, $1,, $8,, $6,, $4,, $2,, $ Total Building Permits Total Kill Devil Hills - 17 KDH - UnIncorporated - 17 Roanoke Island - 17 Hatteras Island - 17 Southern Shores - 17 Nags Head - 17 Kitty Hawk - 17 Duck -17 Manteo

7 Sales By Area Corolla 3 Residential $48, -4% 214 $47, -2% 2 $493,9 % 216 $42, -14% 217 $477, *217 numbers reflect Year to Date values 12%

8 Town of Duck 2 Residential $499,9 4% 214 $11,2 2% 2 $442, -14% 216 $477, 8% 217 $49,7 *217 numbers reflect Year to Date values 4%

9 Town of Southern Shores Residential $42, % 214 $43, 2% 2 $36, -16% 216 $422, 17% 217 $43, *217 numbers reflect Year to Date values 2%

10 Town of Kitty Hawk Residential $262, -1% 214 $28, 9% 2 $39, 8% 216 $3, -1% 217 $299, *217 numbers reflect Year to Date values -2%

11 Colington 2 Residential $2, % 214 $214, % 2 $239, 12% 216 $234, -2% 217 $248, 6% *217 numbers reflect Year to Date values

12 Town of Kill Devil Hills 4 Residential $214, No Change 214 $239, 11% 2 $236, -1% 216 $273,67 2% 217 $273,67 *217 numbers reflect Year to Date values 2%

13 Town of Nags Head 3 Residential $33, -2% 214 $3, 4% 2 $363, 4% 216 $382, % 217 $37, *217 numbers reflect Year to Date values -2%

14 Hatteras Island 3 Residential $28, -3% 214 $263,77-9% 2 $262,2-1% 216 $271, 3% 217 $29, *217 numbers reflect Year to Date values 7%

15 Roanoke Island 2 Residential $222, -14% 214 $26, 17% 2 $24,1-6% 216 $26, 8% 217 $273,21 *217 numbers reflect Year to Date values 3%

16 Currituck Mainland 3 Residential $197, 9% 214 $21, 7% 2 $221,2 % 216 $238, 8% 217 $229, *217 numbers reflect Year to Date values -4%

April 2017 MLS Statistical Report Year to Year Unit Sales Comparison - Total Sales

April 2017 MLS Statistical Report Year to Year Unit Sales Comparison - Total Sales April 217 MLS Statistical Report Year to Year Unit Sales Comparison - Total Sales 2 2 1 1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 214 21 216 217 Summary Total Existing-Home Sales: Existing home