OBX MARKET REPORT. A Review Of The Outer Banks Real Estate Market 1 st Quarter, st Quarter Real Estate Sales Recap for Dare & Currituck County

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1 A Review Of The Outer Banks Real Estate Market st Quarter, 8 IN THIS ISSUE Quarterly Highlights... Sold Market Recap... Area Highlights... Sold Condo Recap... st Quarter Real Estate Sales Recap for Dare & Currituck County Total residential sales in the st quarter produced mixed results. The good news is both the average and median sales price for all residential sales increased compared to Q 7. In fact, the $8,888 residential average sales price is the highest it has been since! However, the number of total residential units sold decreased by 7 for the quarter. The average days on the market was 8 which represents a 8 improvement over last year when the average for the st Quarter was! Both Single family and land were down in number of units sold. Condos & townhomes led the way with a increase in units. Coldwell Banker Seaside Realty is the top producing firm in both units and sales volume. In fact, we ended the st quarter with a increase in sales volume and had a record breaking quarter! Highlights for Dare & Currituck County: Condo/Townhouse Did you know that CB Seaside sold the most property in the million plus price range? Yes! Of the 7 properties that were sold from April, 7 March, 8 CB Seaside agents sold the most! We represented sellers and buyers for a total of properties priced over a million dollars, which was the highest of any firm on the OBX! Average Single Family $,88, $,76 $,7 8 8 $,6, $,7 $,78,7 $6,6 $6, 7 $,8, $, $, $, 6 Average 6 Land $,78,78 $,,8 $6,6 $, $7,8 $8, Average 7 GO MOBILE. SEARCH SMARTER! Download our mobile app for free from cbseaside.com and take your search on the go! COLDWELL BANKER SEASIDE REALTY N. Croatan Highway Kitty Hawk, NC 68 N. Croatan Highway Kill Devil Hills, NC 8 CHalstead Boulevard Elizabeth City, NC 866 u Search Listings at CBSEASIDE.COM Contact Us: sales@cbseaside.com

2 First Quarter, 8 Page MARKET RECAP SOLD SINGLE FAMILY HOMES period January March, 8 DUCK DUCK TOTAL $,,. $6,6. $,. $6, PRICE 7 LOW HIGH $,,. $,,. $8,. $,. $,. $,. $8,. $,,. COROLLA COROLLA TOTAL $,,. $6,. $87,8. $8, $,,. $,. $6,. $,. $,,. $,8,. $,,. $,,. WHEEL DRIVE WD TOTAL $766,666. $7,. $6, $6,. $,. $,. $,. $6,. $,. SO. SHORES SS TOTAL 8 $,7,. $,. $8,. $,66. $7, $,,. $,. $8,. $78,. $78,. $,7,. $,. $8,. $68,. $,7,. KITTY HAWK CANALFRONT KH TOTAL $6,666. $,66. $7,7. $76,7. $, $,. $88,. $,. $,. $,. $,. $6,. $,,. $67,. $,,. MARTIN S POINT SOUND/CREEK INTERIOR ALL MP $7,. $,. $6, $,. $,. $,. $888,. $,. $888,.

3 First Quarter, 8 Page MARKET RECAP SOLD SINGLE FAMILY HOMES period January March, 8 KILL DEVIL HILLS $,,777. $,,777. $,,777. $,. $,. $,. $,. 7 $,. $,. $,. 6 $,. $,. 7 $,. 7 $,. $,. KDH TOTAL $,86. 6 $,. $,,777. COLINGTON HRBR COLINGTON TOTAL 8 6 $,. $,. $,6. $78, $,. $8,. $,. $,. $,. $8,. $,. $,. NAGS HEAD $,,. 8 $,,. $,,. $78,. 78 $,. $6,. 6 $67,7. 8 $7,. $6,. $6,. $,. $7,. 6 $7,8. $,. $86,. S. NAGS HEAD $,86,. $,,. $,,. $8,. 86 $6,. $7,. ALL NAGS HEAD $76,. $,. $,,. MANTEO $68,. $68,. $68,. $,. $,. $6,. MANTEO TOTAL $7,8. $,. $68,. ROD/WVS/SALV $8,7. $6,. $,. $88,6. $,. $67,. $7,. 8 $,. $,. R/W/S TOTAL $,8. 6 $,. $67,.

4 First Quarter, 8 Page MARKET RECAP SOLD SINGLE FAMILY HOMES period January March, 8 #SOLD PRICE RANGE AVON $,. 7 $,. $,. 7 $,68. 8 $7,. $8,. $6,7. 7 $,. $,. 6 $7,8. 6 $7,. $,. AVON TOTAL 6 $,8. $7,. $8,. BUX/FRIS/HATRS $,87,. 8 8 $87,. $,,. $,78. $7,. $6,. $7,. 6 7 $68,. $,. $7,. 6 $68,. $67,. B/F/H TOTAL $8,6. 6 $7,. $,,. CURRITUCK MAIN JARVISBURGPOP BRCH 7 $,. 77 $,. $,. PT. HRBRPOWLS PT. $7,66. 7 $,. $,. AYDLETTBARCO $8,8. 8 $,. $77,. MAPLEMOYOCK 8 $8,. 6 $,. $,6. CURRITUCK MAIN $76,86. $,. $77,. MLS Fun Facts: Of the 7 residential properties listed and sold in the st quarter, the average days on market drops to! This number along with the decrease in inventory has created a multiple offer situation on many properties sold this quarter Land is selling for of original listing price and the highest lot sold was an oceanfront in Whalehead, which sold for $,, Waterfront Recap 7 oceanfront homes sold compared to 6 last year Average sales price increased 7 but the median sales price decreased Sales ranged from a bedroom house in Avon for $, to a bedroom that sold in the Pine Island area of Corolla The most oceanfront homes were sold in Corolla () soundfront homes sold with the highest price of $,, for a 6 bedroom in the Currituck Club section of Corolla

5 First Quarter, 8 Page MARKET RECAP SOLD CONDOS period January March, 8 MANTEO MANTEO TOTAL $, $, 7 7 PRICE LOW HIGH $, $, $,, $, HATTERAS ISL HI TOTAL $6, $7,8 $, $6, $7, $7, $6, $66, $66, PIRATE S COVE PC TOTAL KILL DEVIL HILLS KDH TOTAL 7 $, $, $,6 $, $,77 $7, $, $, $8, $, $8, $, $, $, $77, $, $77,8 $77,8 KITTY HAWK KH TOTAL $7,8 $7,8 6 6 $7, $7, $8, $8, COROLLA COROLLA TOTAL $,666 $, $8, $, $, $, $7, $, $7,