August 217 MLS Statistical Report Median Sale Price $4, $3, $2, $1, $ 212 213 214 2 216 217 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.
Total Property Sales Current Year Performance 2 2 1 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, 13 1176 $439,362,16 $373,67 $3, 1644 134 11% $7,211,3 16% $,38 4% $1, 3% (131) -8% 34 $37,178,3 $,22 $7,2 79 327 $43,261,39 $132,297 $73, 897 27 8% ($6,83,329) -14% ($27,27) -21% $2,2 3% (12) -11% 16 $,32, $334,31 $314,87 63 2 $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 $27,2 2371 23 $497,432,482 $326,613 $26, 2616 7 1% $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 2 1 Average Days on Market 6. 4. 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 Active Listings ((Units sold last month * 12 months) / 2 weeks) 214 2 216 217 2 2 1 Residential Inventory 1 Residential Sales by Price Range 2 216 217 $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, 122 12% $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, 134 11% $7,211,3 16% $,38 4% $1, 3%
Land Sales $,, $1,, $,, $ Lots / Land vs Total Sale Price 8 6 4 2 $4, $3, $2, $1, $ Lot / Land Ave vs Median Sale Price Total Sale Price Average Sale Price Median Sale Price 7 Land By Type 6 4 3 2 1 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 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%
Y-O-Y Total Building Permit Comparision as of July 217 $12,, $1,, $8,, $6,, $4,, $2,, $ 211 212 213 214 2 216 217 Total Building Permits 1 2 2 217 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-17 27 26 23 16 2 3 18 13 23 12 7 7 17 43 46 17 193
Sales By Area Corolla 3 Residential 3 2 2 1 213 11 11 17 23 19 14 12 16 19 16 16 179 214 9 9 12 17 16 19 12 2 13 11 24 177 2 17 14 17 21 18 3 16 17 19 1 16 23 218 216 18 11 14 2 26 24 17 2 19 19 22 2 23 217 12 1 29 3 33 23 21 173 213 $48, -4% 214 $47, -2% 2 $493,9 % 216 $42, -14% 217 $477, *217 numbers reflect Year to Date values 12%
Town of Duck 2 Residential 2 1 213 7 8 6 14 13 7 6 8 8 6 7 9 214 6 9 9 17 11 4 6 3 9 4 13 96 2 8 6 7 1 12 1 7 8 11 2 7 12 1 216 6 2 12 9 1 6 6 7 9 2 17 217 7 8 14 19 14 6 11 11 9 213 $499,9 4% 214 $11,2 2% 2 $442, -14% 216 $477, 8% 217 $49,7 *217 numbers reflect Year to Date values 4%
Town of Southern Shores Residential 2 2 1 213 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 2 9 4 1 11 6 11 8 6 4 1 13 97 216 6 2 4 9 7 7 8 11 6 8 217 7 8 4 6 14 6 6 6 213 $42, % 214 $43, 2% 2 $36, -16% 216 $422, 17% 217 $43, *217 numbers reflect Year to Date values 2%
Town of Kitty Hawk Residential 2 18 16 14 12 1 8 6 4 2 213 6 7 1 1 9 11 6 4 7 9 11 9 214 4 2 8 11 6 9 1 11 7 93 2 6 9 19 6 12 1 11 8 11 216 7 6 8 8 6 12 7 6 9 8 11 93 217 6 11 4 9 8 8 8 1 4 213 $262, -1% 214 $28, 9% 2 $39, 8% 216 $3, -1% 217 $299, *217 numbers reflect Year to Date values -2%
Colington 2 Residential 2 1 213 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 2 6 11 12 13 9 16 7 14 9 7 114 216 11 7 8 11 1 8 8 9 14 12 1 14 122 217 6 8 11 7 13 2 8 1 83 213 $2, % 214 $214, % 2 $239, 12% 216 $234, -2% 217 $248, 6% *217 numbers reflect Year to Date values
Town of Kill Devil Hills 4 Residential 4 3 3 2 2 1 213 14 14 21 4 3 23 26 16 21 14 19 19 27 214 16 14 21 21 26 26 19 16 26 21 22 2 248 2 1 23 26 21 31 3 2 26 21 27 24 17 281 216 12 17 22 23 34 31 2 3 2 27 2 29 28 217 21 26 31 2 3 28 18 194 213 $214, No Change 214 $239, 11% 2 $236, -1% 216 $273,67 2% 217 $273,67 *217 numbers reflect Year to Date values 2%
Town of Nags Head 3 Residential 3 2 2 1 213 1 1 16 2 11 2 2 22 7 17 173 214 14 7 8 18 22 12 12 23 18 16 18 2 11 12 14 2 32 18 8 14 14 19 16 19 197 216 12 12 23 22 22 16 9 2 13 12 11 187 217 14 19 32 11 3 12 24 7 213 $33, -2% 214 $3, 4% 2 $363, 4% 216 $382, % 217 $37, *217 numbers reflect Year to Date values -2%
Hatteras Island 3 Residential 3 2 2 1 213 12 1 18 2 17 18 16 17 16 14 1 14 187 214 11 14 13 12 22 22 13 19 2 18 29 28 2 13 13 18 19 2 17 26 18 22 26 12 16 22 216 1 14 16 23 26 26 27 2 18 13 27 24 217 2 12 19 27 2 33 21 23 18 213 $28, -3% 214 $263,77-9% 2 $262,2-1% 216 $271, 3% 217 $29, *217 numbers reflect Year to Date values 7%
Roanoke Island 2 Residential 2 1 213 4 8 9 9 1 8 19 1 6 1 6 2 11 214 11 8 7 13 11 8 14 14 11 9 6 117 2 2 2 1 1 3 19 11 8 16 11 13 12 216 6 7 9 11 11 2 2 22 13 13 11 6 149 217 3 1 17 6 13 13 13 9 213 $222, -14% 214 $26, 17% 2 $24,1-6% 216 $26, 8% 217 $273,21 *217 numbers reflect Year to Date values 3%
Currituck Mainland 3 Residential 2 2 1 213 1 7 17 11 2 21 18 19 14 11 13 166 214 9 1 1 19 24 14 14 11 11 9 9 2 8 8 16 2 22 27 1 9 18 16 1 184 216 16 1 14 9 14 17 17 14 17 12 14 11 16 217 9 1 2 16 14 17 12 213 $197, 9% 214 $21, 7% 2 $221,2 % 216 $238, 8% 217 $229, *217 numbers reflect Year to Date values -4%