May 216 MLS Statistical ReportREALTORS 3 Year over Year Sales Comparison - Total Sales 25 2 15 1 5 213 214 215 216 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Summary Overall Since the beginning of 216, the MLS has reported that overall sales for 216 were on par with 215 (and 215 was a good year). What the MLS is seeing this month is that although the number of sales has remained flat, the average sale price of all residential property has risen by 7% and the median sale price has risen by 5%. The MLS is also seeing that the number of listings placed in an Under Contract Status has also risen by 7% (1223 units vs 1143 units). This statistic bodes well for June closings. The details are listed below: o Residential Sales For 216, the bright spot in the residential class has been condominium sales. Condominium unit sales are up 16%, total volume sold is up 23% and the average sale price is up 6%. Single Family detached homes unit sales are down 6%, but the average sale price is up 7% and the median sale price is up 1%. Residential inventory is down 1%. o Land Sales Lot / Land sales are up 4%, total volume sold is up 11%, and average sale price is up 4%. Lots / Land inventory is down 11%. o Distressed Properties Unit sales of residential distressed properties are down 41% with only 48 units sold in 216. Only 54 units have been foreclosed in Dare County during 216 vs 66 in 215. o Commercial Sales Unit sales are down for commercial properties, but, due to several large sales, total volume sold is up 267% and average sale price is up 293%. Data Obtained: June 6, 216 Note: This report reflects corrections / updates to previous data.
Total Property Sales Total Unit Sales 3 25 2 15 1 5 Residential Land Commercial Total Residential Year to Date Comparison Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale % Chg Qty Active % Chg Current Period 666 $253,266,857 $38,28 $299,9 1742 One year Ago 697 $248,26,357 $355,848 $286,4 193 Increase / (Decrease) (31) -4% $5,24,5 2% $24,432 7% $13,5 5% (188) -1% Lots / Land Current Period 188 $21,72,459 $115,438 $68,2 94 One Year Ago 179 $21,981,865 $122,83 $76, 158 Increase / (Decrease) 9 5% ($279,46) -1% ($7,365) -6% ($7,8) -1% (118) -11% Commercial Current Period 14 $11,763,897 $84,278 $564,5 74 One Year Ago 15 $3,28,1 $213,873 $13, 15 Increase / (Decrease) (1) -7% $8,555,797 267% $626,45 293% $434,5 334% (31) -3% All Classes Current Period 868 $286,733,213 $33,337 $268,7 2756 One Year Ago 891 $273,216,322 $36,64 $249, 393 Increase / (Decrease) (23) -3% $13,516,891 5% $23,697 8% $19,7 8% (337) -11%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 Residential Property Sales 5 4 3 2 1 Total Active Inventory including UC / SH Listings $8,, $7,, $6,, $5,, $4,, $3,, $2,, $1,, $ Residential Total Sold Price s Average Sold Price $45, $4, $35, $3, $25, $2, $15, $1, $5, $ Commercial Listings Residential Listings Land Listings Total Total Sold Average 3 2 1 Average Days on Market 1. 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 5.. 212 213 214 215 216 Single Family Detached Condominium All Residential Year to Date Comparison - Residential Property Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale % Chg Current Period 573 $231,493,187 $44,2 $325, One year Ago 61 $23,727,282 $378,241 $295, Increase / (Decrease) (37) -6% $765,95 % $25,761 7% $3, 1% Current Period 59 $13,778,65 $233,536 $225, One Year Ago 51 $11,194,575 $219,51 $25, Increase / (Decrease) 8 16% $2,584,75 23% $14,35 6% $2, 1% Current Period 666 $253,266,857 $38,28 $299,9 One Year Ago 697 $248,26,357 $355,848 $286,4 Increase / (Decrease) (31) -4% $5,24,5 2% $24,432 7% $13,5 5%
Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-12 Oct-12 Feb-13 Jun-13 Oct-13 Feb-14 Jun-14 Oct-14 Feb-15 Jun-15 Oct-15 Feb-16 Jun-12 Nov-12 Apr-13 Sep-13 Feb-14 Jul-14 Dec-14 May-15 Oct-15 Mar-16 Land Sales Lot / Land Average vs Median Sale Price Lots / Land vs Total Sale Price $25, $2, $15, $1, $5, $ $1,, $8,, $6,, $4,, $2,, $ 8 7 6 5 4 3 2 1 Average Sale Price Median Sale Price Total Sale Price Land By Type 8 6 4 2 Residential Commercial / Industrial Boatslip Acreage Land - Residential All Land Year to Date Comparison - Land Listings Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale Current Period 168 $19,383,715 $115,379 $68,2 One Year Ago 17 $2,165,365 $118,619 $76,5 Increase / Decrease (2) -1% ($781,65) -4% ($3,24) -3% ($8,3) -11% Current Period 188 $21,72,459 $115,438 $68,2 One year Ago 179 $21,981,865 $122,83 $76, Increase / (Decrease) 9 5% ($279,46) -1% ($7,365) -6% ($7,8) -1% % Chg
Jun-14 Aug-14 Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Jun-14 Aug-14 Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Jun-14 Aug-14 Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Distressed Properties (Residential) 14 12 1 8 6 4 2 Active Distressed Inventory vs Sold 2 1 Residential Distressed Sales Total Distressed Inventory Short Sale Inventory Bank Owned Inventory Total Distressed Sold Potential Short Sale Bank Owned 1 Active Residential Distressed Properties Foreclosures Two Year Trend 8 6 4 25 2 2 15 1 5 Short Sale Inventory Bank Owned Inventory Jun-14 Oct-14 Feb-15 Jun-15 Oct-15 Feb-16 Residential - Short Sale Year to Date Comparison - Distressed Properties Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale Current Period 14 $6,597,8 $471,271 $32,5 One year Ago 29 $11,673,558 $42,536 $324,5 Increase / (Decrease) (15) -52% ($5,75,758) -43% $68,735 17% ($22,) -7% Residential - Bank Owned Current Period 34 $8,619,359 $253,51 $166,51 One Year Ago 52 $11,941,479 $229,643 $172,724 Increase / (Decrease) (18) -35% ($3,322,12) -28% $23,867 1% ($6,223) -4% All Residential - Distressed Current Period 48 $15,217,159 $724,781 $469,1 One Year Ago 81 $23,615,37 $632,179 $497,224 Increase / (Decrease) (33) -41% ($8,397,878) -36% $92,62 15% ($28,223) -6% % Chg
Sales By Area Corolla 35 Residential 3 25 2 15 1 5 212 12 13 26 14 22 2 12 15 9 19 29 12 24 213 11 11 17 23 19 14 12 16 5 19 16 16 179 214 9 9 12 17 16 19 12 15 2 13 11 24 177 215 17 14 17 21 18 3 16 17 19 1 16 21 216 216 18 11 14 25 25 93 212 $5, -5% 213 $48, -4% 214 $47, -2% 215 $493,95 5% 216 $48, *216 numbers reflect Year to Date values -3%
Town of Duck 18 Residential 16 14 12 1 8 6 4 2 212 11 8 9 6 8 7 9 8 1 12 6 6 1 213 5 7 8 6 14 13 7 6 8 8 6 7 95 214 5 6 9 9 17 11 4 6 3 9 4 13 96 215 8 6 7 1 12 1 7 8 11 2 7 12 1 216 6 2 12 8 9 37 212 $479,5-18% 213 $499,9 4% 214 $511,25 2% 215 $442, -14% 216 $52, *216 numbers reflect Year to Date values 14%
Town of Southern Shores Residential 25 2 15 1 5 211 2 4 7 9 7 3 6 4 7 4 3 2 58 212 1 5 9 6 7 6 9 7 9 5 12 5 9 213 4 3 9 6 4 6 9 6 8 3 3 13 74 214 8 6 7 1 2 4 4 7 7 7 1 7 97 215 9 4 5 1 11 6 11 8 6 4 1 13 97 216 6 2 4 9 7 28 212 $4, -6% 213 $42, 5% 214 $43, 2% 215 $36, -16% 216 $372,45 *216 numbers reflect Year to Date values 3%
Town of Kitty Hawk Residential 2 18 16 14 12 1 8 6 4 2 212 8 7 6 7 1 8 7 8 7 8 7 5 88 213 5 6 7 1 1 9 11 6 4 7 9 1 94 214 4 2 8 11 15 6 9 1 5 11 5 7 93 215 5 6 9 5 19 6 12 1 5 5 11 8 11 216 7 6 8 8 6 35 212 $291,5 11% 213 $262, -1% 214 $285, 9% 215 $39, 8% 216 $28, *216 numbers reflect Year to Date values -9%
Colington 18 Residential 16 14 12 1 8 6 4 2 212 1 7 13 1 12 8 2 11 6 2 3 9 84 213 5 7 7 8 4 12 4 8 8 6 4 4 77 214 6 2 4 13 8 2 8 3 1 11 6 11 84 215 5 5 6 11 12 13 9 16 7 14 9 7 114 216 11 7 8 11 1 47 212 $24,5 11% 213 $215, 5% 214 $214, % 215 $239, 12% 216 $234, -2% *216 numbers reflect Year to Date values
Town of Kill Devil Hills 45 Residential 4 35 3 25 2 15 1 5 212 7 12 24 24 25 23 18 15 23 2 13 19 223 213 14 14 21 4 3 23 26 16 21 14 19 19 257 214 16 14 21 21 26 26 19 16 26 21 22 2 248 215 1 23 26 21 31 3 25 26 21 27 24 16 28 216 12 17 22 23 34 18 212 $215, 2% 213 $214,5 No Change 214 $239, 11% 215 $236, -1% 216 $269,5 *216 numbers reflect Year to Date values 14%
Town of Nags Head 35 Residential 3 25 2 15 1 5 212 1 11 17 17 22 19 12 12 14 12 18 2 184 213 1 5 1 16 2 11 2 2 22 7 17 15 173 214 14 7 8 18 22 12 12 15 23 18 16 15 18 215 11 12 14 2 32 18 8 14 14 19 16 19 197 216 12 12 23 22 22 91 212 $342,5 7% 213 $335, -2% 214 $35, 4% 215 $363,5 4% 216 $385, *216 numbers reflect Year to Date values 6%
Hatteras Island 35 Residential 3 25 2 15 1 5 212 14 19 27 22 25 15 18 15 17 12 19 14 217 213 12 1 18 25 17 18 16 17 16 14 1 14 187 214 11 14 13 12 22 22 13 15 19 2 18 27 28 215 13 13 18 19 25 17 26 18 22 26 12 15 224 216 1 14 16 23 24 87 212 $292,5 2% 213 $285, -3% 214 $263,775-9% 215 $262,25-1% 216 $268,9 *216 numbers reflect Year to Date values 2%
Roanoke Island 2 Residential 18 16 14 12 1 8 6 4 2 212 4 7 7 2 5 7 1 9 17 15 7 7 98 213 4 8 9 9 1 8 19 1 6 1 6 2 11 214 11 8 7 13 11 8 14 14 11 9 6 5 117 215 2 2 1 1 3 19 11 8 16 15 1 13 119 216 6 7 9 11 1 43 212 $258, 3% 213 $222, -14% 214 $26, 17% 215 $245,1-6% 216 $261, *216 numbers reflect Year to Date values 7%
Currituck Mainland 3 Residential 25 2 15 1 5 212 14 13 17 13 16 19 17 12 19 19 9 7 175 213 1 7 17 11 2 21 18 19 14 5 11 13 166 214 9 1 1 15 19 24 14 14 11 11 9 9 155 215 8 8 16 15 25 22 27 1 9 18 16 1 184 216 16 1 14 9 14 63 212 $18, 1% 213 $197, 9% 214 $21, 7% 215 $221,2 5% 216 $239,123 *216 numbers reflect Year to Date values 8%