Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec June 218 MLS Statistical Report Total Sales The Month to Month Unit Sales graph shows that sales have started their seasonal decline. For the year, residential sales are down by 4%, lot / land sales are down by 11% and commercial sales are down by 13%. 3 2 1 Month to Month Unit Sales All Property Types 2 216 217 218 Total Under Contract The Total Under Contract graph shows that the number of listings under contract has been steadily declining since April. The decline is following a seasonal trend but with the low inventory we are exhibiting we will need to track this decline closely. 6 4 2 Total Under Contract Jan Feb Mar Apr May Jun July Aug Sep Oct Nov Dec 2 216 217 218 Residential Inventory Lack of inventory continues to be a impact the market. Inventory is currently running 4% lower than last year. 2 2 1 Residential Inventory 2 216 217 218 Data Obtained: July. 218 Note: This report reflects corrections / updates to previous data.
Total Property Sales Sales 3 Year Snapshot View 2 2 1 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 982 $47,122,236 $414,84 $32, 1469 123 $41,117,178 $392,98 $31, 26 (41) -4% $6,,8 1% $22,486 6% $1, 3% (7) -4% 229 $29,199,4 $127,8 $87, 74 26 $27,697,186 $18,192 $7, 8 (27) -11% $1,2,229 % $19,316 18% $12, 16% (6) -8% 13 $6,69,62 $,48 $32, $,118, $341,233 $33, 63 (2) -13% $1,77,12 31% $173,8 1% ($,) -2% (8) -13% 1224 $443,17,276 $361,942 $294,12 2264 1294 $433,932,864 $33,342 $27,81 2389 (7) -% $9,84,412 2% $26,6 8% $18,324 7% (12) -%
Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 May-18 Residential Property Sales Average DOM Average Days on Market 3 3 2 2 2 1 2 1 2 216 217 218 Single Family Detached Median Sale Price vs Condo Median Sale Price vs $4, $3, $2, $1, $ 2 1 $4, $3, $2, $1, $ 3 2 2 1 Median Price SFD Median Price Condo Single Family Detached One year Ago Condominium One Year Ago All Residential One Year Ago Year to Date Comparison - Residential Property Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale % Chg 838 $373,243,8 $44,397 $339, 89 $366,37,79 $411,68 $32, (2) -6% $6,867,28 2% $33,739 8% $19, 6% 118 $28,948,344 $24,324 $24,9 12 $2,79,66 $2,78 $24, 16 16% $3,368,778 13% ($,46) -2% ($13,) -% 982 $47,122,236 $414,84 $32, 123 $41,117,178 $392,98 $31, (41) -4% $6,,8 1% $22,486 6% $1, 3%
Jul-11 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan- Apr- Jul- Oct- Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Land Sales Lots / Land vs Total Sale Price $,, $1,, $,, $ 8 6 4 2 Total Sale Price Lot / Land Avg vs Median Sale Price $3, $3, $2, $2, $, $1, $, $ Average Sale Price Median Sale Price 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 27 $2,61,6 $123,679 $87, 222 $23,49,46 $,83 $73,7 () -7% $2,16,69 9% $17,844 17% $13,2 18% 229 $29,199,4 $127,8 $87, 26 $27,697,186 $18,192 $7, (27) -11% $1,2,229 % $19,316 18% $12, 16%
Distressed Properties (Residential) Dare County Foreclosures 2 18 16 14 12 1 8 6 4 2 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2 216 217 218 Residential - Short Sale One year Ago Residential - Bank Owned 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 $1,19, $33,8 $26, 18 $7,347, $48,166 $321, (13) -72% ($,828,) -79% ($14,366) -26% ($61,) -19% 33 $8,622,382 $261,284 $2,3 47 $11,238,31 $239,117 $21, (14) -3% ($2,616,149) -23% $22,167 9% $4,3 2% 38 $1,141,382 $6,84 $46,3 6 $18,8,31 $647,283 $22, (27) -42% ($8,444,149) -4% ($82,199) -13% ($6,7) -11%
KDH - UnIncorporated - 18 May 218 New Construction Building Permit Value Roanoke Island -18 Hatteras Island -18 Duck - 18 Kitty Hawk-18 Kill Devil Hills -18 Nags Head-18 Southern Shores-18 Manteo - 18 $ $1,, $2,, $3,, $4,, $,, $6,, $7,, $8,, $9,, 218 Total 217 Total Kill Devil Hills - 18 Kill Devil Hills - 17 KDH - UnIncorporated - 18 KDH - UnIncorporated -17 Roanoke Island - 18 Roanoke Island -17 Hatteras Island - 18 Hatteras Island - 17 Southern Shores - 18 Southern Shores - 17 Nags Head - 18 Nags Head - 17 Kitty Hawk - 18 Kitty Hawk - 17 Duck -18 Duck - 17 Manteo-18 Manteo-17 Year To Date 218 Number of Building Permits 2 4 6 8 1 12 14
Sales By Area Corolla 3 Residential 3 2 2 1 214 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 22 1 2 24 23 21 218 11 2 22 31 24 128 214 $47, -2% 2 $493,9 % 216 $42, -14% 217 $477, 6% 218 $17, *218 numbers reflect Year to Date values 8%
Town of Duck 2 Residential 2 1 214 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 12 11 9 6 8 13 127 218 2 13 14 11 11 6 214 $11,2 2% 2 $442, -14% 216 $477, 8% 217 $466, -2% 218 $487,2 *218 numbers reflect Year to Date values %
Town of Southern Shores Residential 2 2 1 214 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 8 11 6 11 6 92 218 6 3 1 8 1 8 4 214 $43, 2% 2 $36, -16% 216 $422, 17% 217 $42, -1% 218 $41, *218 numbers reflect Year to Date values -2%
Town of Kitty Hawk Residential 2 18 16 14 12 1 8 6 4 2 214 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 8 9 1 6 97 218 1 6 11 12 12 7 8 214 $28, 9% 2 $39, 8% 216 $3, -1% 217 $31, 2% 218 $339, *218 numbers reflect Year to Date values 1%
2 Colington Residential 2 1 214 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 9 11 7 13 2 8 1 1 13 12 8 127 218 3 1 16 12 14 16 71 214 $214, % 2 $239, 12% 216 $234, -2% 217 $2, 9% 218 $269, % *218 numbers reflect Year to Date values
Town of Kill Devil Hills 4 Residential 3 3 2 2 1 214 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 21 32 17 26 3 37 218 24 18 32 2 31 29 9 214 $239, 12% 2 $236, -1% 216 $268, 14% 217 $27, 2% 218 $28, *218 numbers reflect Year to Date values 2%
Town of Nags Head 3 Residential 3 2 2 1 214 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 2 16 24 14 21 233 218 8 12 33 27 19 114 214 $3, 4% 2 $363, 4% 216 $382, % 217 $384, 1% 218 $386,2 *218 numbers reflect Year to Date values 1%
Hatteras Island 3 Residential 3 2 2 1 214 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 24 21 23 14 22 261 218 16 13 2 19 3 24 127 214 $263,77-9% 2 $262,2-1% 216 $271, 3% 217 $3, 13% 218 $29, *218 numbers reflect Year to Date values -3%
Roanoke Island 2 Residential 2 1 214 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 14 12 13 8 137 218 4 2 12 8 18 1 4 214 $26, 17% 2 $24,1-6% 216 $26, 8% 217 $283,3 7% 218 $278,2 *218 numbers reflect Year to Date values -2%
Currituck Mainland 3 Residential 2 2 1 214 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 16 23 16 14 22 2 18 8 186 218 8 4 11 11 23 72 214 $21, 7% 2 $221,2 % 216 $238, 8% 217 $239,9 1% 218 $22, *218 numbers reflect Year to Date values %
Ocracoke Island Residential 214 2 1 2 1 2 1 2 12 2 1 2 2 1 1 3 1 1 12 216 2 1 3 2 1 2 4 1 4 2 22 217 3 1 3 1 6 2 3 2 1 2 24 218 3 1 4 214 $287, 2% 2 $274, -% 216 $312,812 14% 217 $31, 1% 218 $268,7 *218 numbers reflect Year to Date values -13%