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Outer Banks Real Estate: May 2018

29 May 2018
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Real Estate Sales

Current Statistics

Currently there are 2,312 active properties for sale in our MLS area.

1,532 – Residential

726 – Land

54 – Commercial

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There are 430 properties in under contract status.  This statistic represents 15.6% of our inventory.

How the Outer Banks Real Estate Market Has Changed

Below is some historical data on residential sold properties. Looking at this information, I think 2018 will not reach the 2017 number of residential units sold but it will be fairly close. That seems to be a trend as our market recovers – a dip here and there and an increase here and there.  I wouldn’t put too much weight into the median price statistic.  Median price increases and decreases are impacted by a lot of factors. 

There have been 3 sales over the $3 million dollar mark this year, and two of those closed in May.  Last year, in the same time period, there was one sale over $3 million.  More high-end sales will cause that figure to rise but it doesn’t necessarily mean prices are increasing across the board.   All and all, our market activity is a refreshing change from seven years ago.   

Beach Realty and Construction / Kitty Hawk Rentals

If you are interested in selling your home, talk to a Beach Realty professional first.  Every KHR homeowner has a Beach agent that can keep you informed of market conditions and let you know what your home is worth today.  Call or email me and I can put you in touch with your Beach agent – beth@beachrealtync.com or (252) 261-3815.  

See Last Month's Data Here