Review of the Outer Banks Real Estate Market

Categories: Corolla Real Estate, Devonshire Place at Bermuda Bay, FLOBX, Florida Outer Banks Development, Homes for sale Corolla, homes for sale outer banks, income properties corolla, income properties outer banks, investment properties outer banks, new construction corolla, new construction corolla nc, New Homes for Sales Corolla, OBX new homes for sale, Outer Banks Investment Properties, Outer Banks New Homes for Sale, Outer Banks Real Estate Sales, rental homes corolla nc, Single Floor Homes for sale Outer Banks|Tags: |0 Comments

Both residential and land sales were up double digits in units compared to 2016.
However, inventory continues to decline.

  • Sales increased 9% in units and 14% in sales volume
  • The average sales price of $396,650 represents a 5% increase over last year
  • The median sales price is now $320,000 (+7%)
  • The Average Days on Market for all residential properties sold in 2017 (1,878) was 149 compared to 205 last year. Homes are selling faster!
  • The Average Days on Market for residential properties listed and sold in 2017 (1,142) was an astonishing 56!

*As reported by the Outer Banks Association of Realtors for the period of 1/1/17 – 12/31/17 as of 1/8/18.

Outer Banks Real Estate