September 216 MLS Statistical Report Year over Year Sales Comparison - Total Sales 3 2 1 Jan Feb Mar Apr May Jun Jul Aug Sep 216 215 214 213 Oct Nov Dec Summary Overall When looking at the sales figures for this month, sales have been flat with a <1% change in unit volume and a small increase in the total sales volume and average sale price. However, there are some bright spots within the residential and land classes. See the details below: Residential Sales Condominiums - Unit sales up again this month by 6%, total volume sold is up 13% and average sale price up 7%. Condominium sales have done well over June, July and August; however, sales have fallen off in September. The MLS will keep an eye on these numbers to determine if this is a long term trend. Single Family detached homes - Unit sales were down again this month by 3% and total volume sold is down by 1%; however, average sale price is up by 2%. Inventory Residential property inventory is down 1% (1642 units vs 1819 units). Land Sales Unit sales are still up 6%, total volume sold is up 13%, average sale price is 7% and median sale price is down 2%. Lots / Land inventory is down 16% (882 units vs 156 units). Distressed Properties Short sales Only one short sale listing sold this month; however average sale price is up 23%. Bank Owned Only three bank owned listings sold this month; however, average sale price is up 24%. Data Obtained: October 8, 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 1326 $492,941,544 $371,75 $298,95 1642 One year Ago 1343 $488,275,783 $363,57 $285, 1819 Increase / (Decrease) (17) -1% $4,665,761 1% $8,18 2% $13,95 5% (177) -1% Lots / Land Current Period 378 $51,856,259 $137,185 $73,5 882 One Year Ago 356 $45,812,295 $128,686 $75, 156 Increase / (Decrease) 22 6% $6,43,964 13% $8,499 7% ($1,5) -2% (174) -16% Commercial Current Period 21 $15,149,17 $721,381 $45, 73 One Year Ago 24 $8,11,1 $333,795 $215, 99 Increase / (Decrease) (3) -13% $7,137,917 89% $387,586 116% $235, 19% (26) -26% All Classes Current Period 1725 $559,946,82 $324,66 $265, 2597 One Year Ago 1723 $542,99,178 $314,625 $247,5 2974 Increase / (Decrease) 2 % $17,847,642 3% $9,981 3% $17,5 7% (377) -13%
Residential Property Sales 5 4 3 2 1 Total Active Inventory 14 12 1 8 6 4 2 Residential Sales by Price Range Commercial Listings Residential Listings Land Listings Total $75, and Above $5, - $749,999 Below $199,999K $2, - $499,999 $2. Sold Price / Square Foot Absorption Rate in Weeks $15. $1. $5. $. 213 214 215 216 1. 5.. 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) / 52 weeks) 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 1125 $442,856,745 $393,65 $318,5 One year Ago 116 $449,76,38 $387,134 $295, Increase / (Decrease) (35) -3% ($6,219,635) -1% $6,516 2% $23,5 8% Current Period 134 $34,364,179 $256,449 $237, One Year Ago 16 $25,28,655 $237,817 $219,95 Increase / (Decrease) 28 26% $9,155,524 36% $18,632 8% $17,5 8% Current Period 1326 $492,941,544 $371,75 $298,95 One Year Ago 1343 $488,275,783 $363,57 $285, Increase / (Decrease) (17) -1% $4,665,761 1% $8,18 2% $13,95 5%
Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Land Sales Lot / Land Average vs Median Sale Price Lots / Land vs Total Sale Price $35, $3, $25, $2, $15, $1, $5, $ $16,, $14,, $12,, $1,, $8,, $6,, $4,, $2,, $ 6 5 4 3 2 1 Average Sale Price Median Sale Price Total Sale Price Land By Type 5 4 3 2 1 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 344 $43,141,615 $125,411 $74,95 One Year Ago 33 $42,223,145 $127,948 $75, Increase / Decrease 14 4% $918,47 2% ($2,537) -2% ($5) % Current Period 378 $51,856,259 $137,185 $73,5 One year Ago 356 $45,812,295 $128,686 $75, Increase / (Decrease) 22 6% $6,43,964 13% $8,499 7% ($1,5) -2% % Chg
Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Distressed Properties (Residential) 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 Dare County Foreclosures 3 25 2 15 1 5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 214 215 216 Year to Date Comparison - Distressed Properties Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale % Chg Residential - Short Sale Current Period 24 $12,57,8 $52,48 $32,5 One year Ago 61 $22,283,7 $365,295 $295, Increase / (Decrease) (37) -61% ($1,225,27) -46% $137,113 38% $7,5 3% Residential - Bank Owned Current Period 57 $15,596,222 $273,617 $23, One Year Ago 84 $19,566,429 $232,933 $172,724 Increase / (Decrease) (27) -32% ($3,97,27) -2% $4,684 17% $3,276 18% All Residential - Distressed Current Period 81 $27,654,22 $776,25 $55,5 One Year Ago 145 $41,849,436 $598,228 $467,724 Increase / (Decrease) (64) -44% ($14,195,414) -34% $177,797 3% $37,776 8%
Manteo Southern Shores Nags Head Kill Devil Hills Kitty Hawk Duck Total New Construction Building Permits Total Residential New Construction Building Permits 2 4 6 8 1 12 14 Manteo Southern Shores Nags Head Kill Devil Hills Kitty Hawk Duck Hatteras Island Roanoke Island KDH - UnIncorporated YTD 216 Total Residential New Construction Building Permit Value $. $2,,. $4,,. $6,,. $8,,. $1,,. $12,,.
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 26 25 17 21 19 176 212 $5, -5% 213 $48, -4% 214 $47, -2% 215 $493,95 5% 216 $453,482 *216 numbers reflect Year to Date values -8%
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 1 15 6 5 6 7 212 $479,5-18% 213 $499,9 4% 214 $511,25 2% 215 $442, -14% 216 $472, *216 numbers reflect Year to Date values 7%
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 7 8 5 5 53 212 $4, -6% 213 $42, 5% 214 $43, 2% 215 $36, -16% 216 $37, *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 12 7 6 9 69 212 $291,5 11% 213 $262, -1% 214 $285, 9% 215 $39, 8% 216 $35, *216 numbers reflect Year to Date values -1%
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 8 9 14 86 212 $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 31 2 3 19 28 212 $215, 2% 213 $214,5 No Change 214 $239, 11% 215 $236, -1% 216 $269, *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 15 16 9 19 15 212 $342,5 7% 213 $335, -2% 214 $35, 4% 215 $363,5 4% 216 $383,5 *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 26 26 27 25 16 183 212 $292,5 2% 213 $285, -3% 214 $263,775-9% 215 $262,25-1% 216 $265, *216 numbers reflect Year to Date values 1%
Roanoke Island 25 Residential 2 15 1 5 212 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 11 2 2 22 13 119 212 $258, 3% 213 $222, -14% 214 $26, 17% 215 $245,1-6% 216 $265, *216 numbers reflect Year to Date values 8%
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 17 17 14 16 127 212 $18, 1% 213 $197, 9% 214 $21, 7% 215 $221,2 5% 216 $239,5 *216 numbers reflect Year to Date values 8%