September 2018 MLS Statistical Report

Transcription

1 September 218 MLS Statistical Report Total Sales Blame it on Hurricane Florence but overall, sales dropped drastically in August - down 17%. Total Sales Sept' % Sept' % Sept' % Total Sales - Month over Month Under Contract Under contract listings also dropped dramatically - down 17% Total Under Contract Sept' % Sept' % Sept' % Total Listings Under Contract Jan Feb Mar Apr May Jun July Aug Sep Oct Nov Dec Residential Inventory Year-over-year inventory increased again - up 1% Residential Inventory Aug'18 6 1% Aug' % Aug' % 2 1 Active Residential Inventory Data Obtained: October, 218 Note: This report reflects corrections / updates to previous data.

2 Residential Property Sales Residential Sales Year-to-year sales declines - down 16%. Residential Sales Sept' % Sept' % Sept'19 9-2% Residential Sales Absorption Rate With the decline in sales, the absorption rate is up - 36%. 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) 1... Absorption Rate in Weeks Days on the market Days on the market are down, but this decline is a reflection of the low sales volume. Residential Under Contract Sept' % Sept' % Sept' % Days on the Market

3 Lots / Land Lots / Land Sales Sales are definitely trending downward.. 8 Lot / Land Sales Lots / Land Sales Sept' % Sept' % Sept' % Lots / Land Average / Median Sale Price Although sales are down, the average sale price is up by 26% and the median sale price is up by 21%. Lots / Land Median Price Sept'18 $93, 13% Sept'17 $82,9 11% Sept'16 $7, 4% $, $1, $, $ Land - Median Sale Price Lots / Land Inventory Month-over-Month inventory has remained relatively constant; however, year-over-year inventory has deliined by 2%. Residential Inventory Sept' % Land Active Inventory Sept' % Sept' %

4 Distressed Property Distressed Inventory Inventory Not much to discuss here. Distressed Sale Inventory Sept' % Sept' % Sept' % Distressed Sales The percentage increase is impressive, but the number of sales is are just so low. Distressed Sales Sept' % Sept'17-44% Sept' % Distressed Sales Foreclosures Foreclosures Sept'18 2-7% Sept' % Sept' % Dare County Foreclosures

5 KDH - UnIncorporated - 18 August 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 $ $2,, $4,, $6,, $8,, $1,, $12,, $14,, Year To Date 218 Number of Building Permits 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

6 Units Sold Outer Banks Towns / Areas Corolla % % 216 3% 218 $497,4 4% 217 $477, 12% 216 $42, -14% Town of Duck % % % 218 $487,2 % 217 $466, -2% 216 $477, 8% 2 2 1

7 Units Sold Town of Southern Shores % % % $412, -2% 217 $42, -1% 216 $422, 17% 1 Town of Kitty Hawk % % % 218 $34, 1% 217 $31, 2% 216 $3, -1% 2 1

8 Colington % % % 218 $27, 8% 217 $2, 9% 216 $234, -2% Town of Kill Devil Hills % % % 218 $283,7 3% 217 $27, 2% 216 $268, 14%

9 Units Sold Town of Nags Head % % % 218 $377, -2% 217 $384, 1% 216 $382, % Hatteras Island % % % 218 $3, % 217 $3, 13% 216 $271, 3%

10 Units Sold Roanoke Island % % % $279, -1% 217 $283,3 7% 216 $26, 8% 1 Currituck Mainland % % % 218 $242, 1% 217 $239,9 1% 216 $238, 8%

11 Ocracoke Island % % % 218 $29, -% 217 $31, -1% 216 $312,812 14% Axis Title