February 216 MLS Statistical Report 3 Year over Year Sales Comparison - Total Sales 2 1 213 214 21 216 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Summary Overall Sales have slowed during February with unit sales being flat with just 272 units sold vs 271 units sold. However, total volume sold was up 13%, average sale price was up 13% and median sale price was up 4%; however, the majority of these increases are due to the sale of one high value commercial listing. The one bright spot during February is that condominium sales which were up 67%. Details are listed below o o o o Residential sales Year to year residential sales has changed very little with 22 units sold in 216 vs 21 in 21. However, the bright spot this month has been condominium sales which are up 67% (2 units in 216 vs 12 units in 21). Total volume sold for condominium sales was also up 113%. Land Sales Lot / Land sales increased 6% over 21 sales; however, total volume sold was down 2% and average sale price was down 2%. Inventory Inventory continues to decline with residential inventory down by 1% with 1667 units, land inventory down by 4% with 946 units and commercial inventory down by 3% with only 7 units. Distressed property inventory is down 46% with only 9 units in 216 vs 11 in 21. Distressed Properties Unit sales of distressed properties are down 62% with only 13 units sold in 216 vs 34 units in 21. Additionally, Dare County has only foreclosed on 18 properties in the 216. Data Obtained: March 9, 216 Note: This report reflects corrections / updates to previous data.
Total Property Sales Total Unit Sales 3 2 2 1 1 Residential Land Commercial Total Year to Date Comparison Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale % Chg Qty Active % Chg Residential Current Period 22 $8,1,997 $398,24 $291, 1667 One year Ago 21 $71,61,9 $36,27 $314, 194 Increase / (Decrease) 1 % $8,94,47 12% $42,497 12% ($23,) -7% (287) -1% Lots / Land Current Period 67 $,77,28 $83,242 $7, 946 One Year Ago 63 $6,972, $11,667 $77, 987 Increase / (Decrease) 4 6% ($1,394,77) -2% ($27,42) -2% ($7,) -9% (41) -4% Commercial Current Period 3 $3,488,897 $1,162,96 $78, 7 One Year Ago 7 $783,7 $111,97 $119, 11 Increase / (Decrease) (4) -7% $2,7,197 34% $1,1,8 939% $661, % (4) -3% All Classes Current Period 272 $89,68,174 $329,8 $2, 2688 One Year Ago 271 $79,317,34 $292,683 $24, 36 Increase / (Decrease) 1 % $1,2,834 13% $37,117 13% $1, 4% (368) -12%
Residential Property Sales Single Family Residential Median Sale Price / Total Active Inventory including UC / SH Listings $4, $3, $3, $2, $2, $1, $1, $, $ Mar-14 Sep-14 Mar-1 Sep-1 2 1 1 4 3 2 1 Commercial Listings Land Listings Median Price SFD Residential Listings Total 1 Residential Sales by Price Range 1. Absorption Rate in Weeks 1 1... $7, and Above $, - $749,999 Below $199,999K $2, - $499,999 Absorption Rate Definition: The number of weeks it takes to sell the current inventory at the present rate of sales OR Total Active Listings 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 171 $73,274,47 $428,3 $3, One year Ago 181 $67,337,69 $372,31 $32, Increase / (Decrease) (1) -6% $,936,37 9% $6,472 1% ($2,) -8% Current Period 2 $,7,7 $23,78 $222,6 One Year Ago 12 $2,38,9 $198,48 $172, Increase / (Decrease) 8 67% $2,694,8 113% $,377 28% $,6 29% Current Period 22 $8,1,997 $398,24 $291, One Year Ago 21 $71,61,9 $36,27 $314, Increase / (Decrease) 1 % $8,94,47 12% $42,497 12% ($23,) -7%
Mar-12 Jul-12 Nov-12 Mar-13 Jul-13 Nov-13 Mar-14 Jul-14 Nov-14 Mar-1 Jul-1 Nov-1 Land Sales $2, $2, $1, $1, $, $ Lot / Land Average vs Median Sale Price $9,, $8,, $7,, $6,, $,, $4,, $3,, $2,, $1,, $ Lots / Land vs Total Sale 8 7 6 4 3 2 1 Average Sale Price Median Sale Price Total Sale Price Lots / Land by Type 8 7 6 4 3 2 1 Residential Commercial / Industrial Boatslip Acreage Year to Date Comparison - Land Listings Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale % Chg Land - Residential Current Period 6 $,6,18 $83,436 $7,9 One Year Ago 8 $6,629, $114,293 $79,7 Increase / Decrease 2 3% ($1,622,87) -24% ($3,87) -27% ($8,8) -11% All Land Current Period 67 $,77,28 $83,242 $7, One year Ago 63 $6,972, $11,667 $77, Increase / (Decrease) 4 6% ($1,394,77) -2% ($27,42) -2% ($7,) -9%
Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-1 Mar-1 May-1 Jul-1 Sep-1 Nov-1 Jan-16 Distressed Properties (Residential) 1 1 Active Distressed Inventory vs Sold 2 1 Residential Distressed Sales 1 Total Distressed Inventory Bank Owned Inventory Short Sale Inventory Total Distressed Sold Potential Short Sale Bank Owned 1 Active Residential Distressed Properties 3 Dare County Foreclosure Filings 8 2 6 2 1 4 1 2 Short Sale Inventory Bank Owned Inventory Jan-14 May-14 Sep-14 Jan-1 May-1 Sep-1 Jan-1 Residential - Short Sale Year to Date Comparison - Distressed Properties Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale Current Period 9 $4,297,3 $477,477 $3, One year Ago 12 $,136,8 $428,46 $373,22 Increase / (Decrease) (3) -2% ($839,28) -16% $49,431 12% ($68,22) -18% Residential - Bank Owned Current Period 4 $1,18,699 $296,424 $319,849 One Year Ago 22 $4,84,382 $28,381 $174,182 Increase / (Decrease) (18) -82% ($3,398,683) -74% $88,43 42% $14,667 84% All Residential - Distressed Current Period 13 $,482,999 $773,91 $624,849 One Year Ago 34 $9,72,94 $636,427 $47,47 Increase / (Decrease) (21) -62% ($4,237,941) -44% $137,474 22% $77,442 14% % Chg
Sales By Area Corolla 3 Residential 3 2 2 1 1 212 12 13 26 14 22 2 12 1 9 19 29 12 24 213 11 11 17 23 19 14 12 16 19 16 16 179 214 9 9 12 17 16 19 12 1 2 13 11 24 177 21 17 14 17 21 18 3 16 17 19 1 16 21 216 216 18 11 29 212 $, -% 213 $48, -4% 214 $47, -2% 21 $493,9 % 216 $499,9 *216 numbers reflect Year to Date values 1%
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 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 21 8 6 7 1 12 1 7 8 11 2 7 12 1 216 6 4 1 212 $479, -18% 213 $499,9 4% 214 $11,2 2% 21 $442, -14% 216 $41,2 *216 numbers reflect Year to Date values -9%
Town of Southern Shores Residential 2 2 1 1 211 2 4 7 9 7 3 6 4 7 4 3 2 8 212 1 9 6 7 6 9 7 9 12 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 21 9 4 1 11 6 11 8 6 4 1 13 97 216 6 2 8 212 $4, -6% 213 $42, % 214 $43, 2% 21 $36, -16% 216 $38, *216 numbers reflect Year to Date values 7%
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 88 213 6 7 1 1 9 11 6 4 7 9 1 94 214 4 2 8 11 1 6 9 1 11 7 93 21 6 9 19 6 12 1 11 8 11 216 7 6 13 212 $291, 11% 213 $262, -1% 214 $28, 9% 21 $39, 8% 216 $284, *216 numbers reflect Year to Date values -8%
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 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 21 6 11 12 13 9 16 7 14 9 7 114 216 11 7 18 212 $24, 11% 213 $21, % 214 $214, % 21 $239, 12% 216 $237, -1% *216 numbers reflect Year to Date values
Town of Kill Devil Hills 4 Residential 4 3 3 2 2 1 1 212 7 12 24 24 2 23 18 1 23 2 13 19 223 213 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 21 1 23 26 21 31 3 2 26 21 27 24 16 28 216 12 17 29 212 $21, 2% 213 $214, No Change 214 $239, 11% 21 $236, -1% 216 $276,9 *216 numbers reflect Year to Date values 17%
Town of Nags Head 3 Residential 3 2 2 1 1 212 1 11 17 17 22 19 12 12 14 12 18 2 184 213 1 1 16 2 11 2 2 22 7 17 1 173 214 14 7 8 18 22 12 12 1 23 18 16 1 18 21 11 12 14 2 32 18 8 14 14 19 16 19 197 216 12 12 24 212 $342, 7% 213 $33, -2% 214 $3, 4% 21 $363, 4% 216 $417, *216 numbers reflect Year to Date values 1%
Hatteras Island 3 Residential 3 2 2 1 1 212 14 19 27 22 2 1 18 1 17 12 19 14 217 213 12 1 18 2 17 18 16 17 16 14 1 14 187 214 11 14 13 12 22 22 13 1 19 2 18 27 28 21 13 13 18 19 2 17 26 18 22 26 12 1 224 216 1 14 24 212 $292, 2% 213 $28, -3% 214 $263,77-9% 21 $262,2-1% 216 $33, *216 numbers reflect Year to Date values 16%
Roanoke Island 2 Residential 18 16 14 12 1 8 6 4 2 212 4 7 7 2 7 1 9 17 1 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 6 117 21 2 2 1 1 3 19 11 8 16 1 1 13 119 216 6 7 13 212 $28, 3% 213 $222, -14% 214 $26, 17% 21 $24,1-6% 216 $24, *216 numbers reflect Year to Date values -2%
Currituck Mainland 3 Residential 2 2 1 1 212 14 13 17 13 16 19 17 12 19 19 9 7 17 213 1 7 17 11 2 21 18 19 14 11 13 166 214 9 1 1 1 19 24 14 14 11 11 9 9 1 21 8 8 16 1 2 22 27 1 9 18 16 1 184 216 16 9 2 212 $18, 1% 213 $197, 9% 214 $21, 7% 21 $221,2 % 216 $244,9 *216 numbers reflect Year to Date values 11%