Kill Devil Hills, NC Real Estate News

By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market The Landing Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Cash     2     $455,000     $227,500     $227,500     265          Analysis By Area                   Kill Devil Hills b/w Hwys     1     $275,000     $275,000     $275,000     484                   Kill Devil Hills Westside     1     $180,000     $180,000     $180,000     45                   Totals     2     $455,000     $227,500     $227,500     265                        Non Co-op Sales     0                    0                   Co-op Sales     2     $455,000     $227,500     $227,500     265                   Total Sales     2     $455,000     $227,500     $227,500     265       Sold Market The Landing Sold ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market High View Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     1     $197,000     $197,000     $197,000     3                   FHA     1     $249,000     $249,000     $249,000     1                   VA     1     $249,000     $249,000     $249,000     22                   Cash     3     $969,200     $323,067     $329,500     67          Analysis By Area                   Kill Devil Hills b/w Hwys     1     $483,000     $483,000     $483,000     21                   Kill Devil Hills Westside     5     $1,181,200     $236,240     $249,000     41                   Totals     6     $1,664,200     $277,367     $249,000     38                        Non Co-op Sales  ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Virginia Dare Shores Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     17     $5,592,900     $328,994     $310,000     110                   FHA     2     $648,000     $324,000     $324,000     69                   VA     3     $1,048,000     $349,333     $345,000     135                   Cash     8     $1,819,400     $227,425     $212,000     131                   USDA     1     $198,000     $198,000     $198,000     74          Analysis By Area                   Kill Devil Hills Oceanside     1     $403,000     $403,000     $403,000     35                   Kill Devil Hills b/w Hwys     2     $629,900     $314,950     $314,950     138                   Kil...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Sundune Village Condos Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $394,000     $197,000     $197,000     25          Analysis By Area                   Kill Devil Hills b/w Hwys     2     $394,000     $197,000     $197,000     25                   Totals     2     $394,000     $197,000     $197,000     25                        Non Co-op Sales     1     $202,000     $202,000     $202,000     5                   Co-op Sales     1     $192,000     $192,000     $192,000     44                   Total Sales     2     $394,000     $197,000     $197,000     25       Sold Market Sundune Village Condos Sold Stats 2016          No. of Listings     Dollar ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Orville Beach Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     7     $2,181,350     $311,621     $315,000     68                   Cash     2     $545,900     $272,950     $272,950     9          Analysis By Area                   Kill Devil Hills Oceanside     1     $425,000     $425,000     $425,000     54                   Kill Devil Hills b/w Hwys     4     $1,118,400     $279,600     $282,500     26                   Kill Devil Hills Westside     4     $1,183,850     $295,963     $291,425     85                   Totals     9     $2,727,250     $303,028     $310,000     55     LOTS/LAND                   Cash     1     $140,000     $140,000     $140,000...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Kitty Hawk Shores Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     1     $3,724,190     $3,724,190     $3,724,190     0                   Conventional     14     $4,773,500     $340,964     $297,500     96                   Cash     4     $2,116,000     $529,000     $299,250     125                   Jumbo Loan     1     $3,199,858     $3,199,858     $3,199,858     394          Analysis By Area                   Kill Devil Hills Oceanside     3     $8,211,548     $2,737,183     $3,199,858     141                   Kill Devil Hills b/w Hwys     17     $5,602,000     $329,529     $295,000     106                   Totals     20     $13,813,548     $690,677     $302,5...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Hughes Retreat Condos Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $474,000     $237,000     $237,000     157          Analysis By Area                   Kill Devil Hills b/w Hwys     2     $474,000     $237,000     $237,000     157                   Totals     2     $474,000     $237,000     $237,000     157                        Non Co-op Sales     0                    0                   Co-op Sales     2     $474,000     $237,000     $237,000     157                   Total Sales     2     $474,000     $237,000     $237,000     157       Sold Market Hughes Retreat Condos Sold Stats 2016          No. of Listings     Dollar Volume     Average Pr...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Delray Beach Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     3     $1,052,000     $350,667     $325,000     183          Analysis By Area                   Kill Devil Hills b/w Hwys     3     $1,052,000     $350,667     $325,000     183                   Totals     3     $1,052,000     $350,667     $325,000     183                        Non Co-op Sales     0                    0                   Co-op Sales     3     $1,052,000     $350,667     $325,000     183                   Total Sales     3     $1,052,000     $350,667     $325,000     183       Sold Market Delray Beach Sold Stats 2016          No. of Listings     Dollar Volume     Average Price     ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Croatan Shores Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     11     $3,558,400     $323,491     $325,000     155                   FHA     1     $259,000     $259,000     $259,000     77                   Cash     3     $1,915,000     $638,333     $550,000     67          Analysis By Area                   Kill Devil Hills Oceanside     1     $1,200,000     $1,200,000     $1,200,000     74                   Kill Devil Hills b/w Hwys     5     $2,047,000     $409,400     $325,000     169                   Kill Devil Hills Westside     9     $2,485,400     $276,156     $270,900     119                   Totals     15     $5,732,400     $382,160     $325,000...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Admirals View II Condos Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $497,500     $248,750     $248,750     224          Analysis By Area                   Kill Devil Hills Oceanside     2     $497,500     $248,750     $248,750     224                   Totals     2     $497,500     $248,750     $248,750     224                        Non Co-op Sales     0                    0                   Co-op Sales     2     $497,500     $248,750     $248,750     224                   Total Sales     2     $497,500     $248,750     $248,750     224       Sold Market Admirals View II Sold Stats 2016          No. of Listings     Dollar Volume     Average Pric...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market First Flight Village Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     9     $2,020,220     $224,469     $234,500     72                   FHA     1     $215,000     $215,000     $215,000     23                   Cash     2     $409,000     $204,500     $204,500     337          Analysis By Area                   Kill Devil Hills Westside     12     $2,644,220     $220,352     $222,500     112                   Totals     12     $2,644,220     $220,352     $222,500     112     LOTS/LAND                   Conventional     1     $115,000     $115,000     $115,000     87                   Cash     1     $94,900     $94,900     $94,900     6          Analysis By ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Moor Shores Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     7     $2,339,500     $334,214     $310,000     90                   FHA     2     $503,000     $251,500     $251,500     26          Analysis By Area                   Kill Devil Hills Westside     9     $2,842,500     $315,833     $308,000     75                   Totals     9     $2,842,500     $315,833     $308,000     75                        Non Co-op Sales     0                    0                   Co-op Sales     9     $2,842,500     $315,833     $308,000     75                   Total Sales     9     $2,842,500     $315,833     $308,000     75       Sold Market Moor Shores Sold Stats 201...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Ocean Acres Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     11     $3,363,200     $305,745     $322,500     80                   FHA     1     $223,800     $223,800     $223,800     3                   VA     1     $302,000     $302,000     $302,000     6                   Cash     3     $974,900     $324,967     $325,000     63          Analysis By Area                   Kill Devil Hills b/w Hwys     1     $350,000     $350,000     $350,000     95                   Kill Devil Hills Westside     15     $4,513,900     $300,927     $302,000     66                   Totals     16     $4,863,900     $303,994     $312,250     68     LOTS/LAND                   C...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Sands Condos Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     1     $255,000     $255,000     $255,000     399                   Cash     1     $265,000     $265,000     $265,000     142          Analysis By Area                   Kill Devil Hills Oceanside     2     $520,000     $260,000     $260,000     271                   Totals     2     $520,000     $260,000     $260,000     271                        Non Co-op Sales     1     $255,000     $255,000     $255,000     399                   Co-op Sales     1     $265,000     $265,000     $265,000     142                   Total Sales     2     $520,000     $260,000     $260,000     271  There were no unit...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Sand Castle Condos Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $860,000     $430,000     $430,000     65          Analysis By Area                   Kill Devil Hills Oceanside     2     $860,000     $430,000     $430,000     65                   Totals     2     $860,000     $430,000     $430,000     65                        Non Co-op Sales     1     $425,000     $425,000     $425,000     41                   Co-op Sales     1     $435,000     $435,000     $435,000     88                   Total Sales     2     $860,000     $430,000     $430,000     65       Sold Market Sand Castle Condos Sold Stats 2016          No. of Listings     Dollar Volume...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Bermuda Bay Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     14     $3,938,980     $281,356     $295,981     101                   Cash     4     $1,104,650     $276,163     $264,950     91          Analysis By Area                   Kill Devil Hills Westside     18     $5,043,630     $280,202     $294,240     99                   Totals     18     $5,043,630     $280,202     $294,240     99                        Non Co-op Sales     5     $1,601,518     $320,304     $310,350     87                   Co-op Sales     13     $3,442,112     $264,778     $249,000     103                   Total Sales     18     $5,043,630     $280,202     $294,240     99       S...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Cambridge Cove Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     3     $543,250     $181,083     $176,750     51                   Cash     2     $457,400     $228,700     $228,700     73          Analysis By Area                   Kill Devil Hills Westside     5     $1,000,650     $200,130     $192,500     60                   Totals     5     $1,000,650     $200,130     $192,500     60                        Non Co-op Sales     0                    0                   Co-op Sales     5     $1,000,650     $200,130     $192,500     60                   Total Sales     5     $1,000,650     $200,130     $192,500     60       Sold Market Cambridge Cove Sold Stat...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Devonshire Place Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     9     $2,938,730     $326,526     $310,350     118                   Cash     2     $647,250     $323,625     $323,625     109          Analysis By Area                   Kill Devil Hills Westside     11     $3,585,980     $325,998     $310,350     116                   Totals     11     $3,585,980     $325,998     $310,350     116                        Non Co-op Sales     5     $1,601,518     $320,304     $310,350     87                   Co-op Sales     6     $1,984,462     $330,744     $319,500     141                   Total Sales     11     $3,585,980     $325,998     $310,350     116   ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Avalon Beach Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     37     $8,727,060     $235,866     $235,000     84                   FHA     1     $173,000     $173,000     $173,000     104                   VA     3     $628,000     $209,333     $188,500     47                   Cash     7     $1,520,500     $217,214     $199,000     118                   Owner Finance     2     $642,600     $321,300     $321,300     152          Analysis By Area                   Kill Devil Hills b/w Hwys     13     $3,563,400     $274,108     $260,000     128                   Kill Devil Hills Westside     37     $8,127,760     $219,669     $215,500     76                  ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
This article will be analyzing the Kill Devil Hills real estate market by comparing the sales of single family homes during the first six months of 2016 and the first 6 months of 2017. The spreadsheets below break down the single family home sales in the 3 distinct geographic areas of Kill Devil Hills. Each of these areas has distinct qualities that require separate analysis. The 3 areas are:Oceanside is the area of town located on the east side of RT12 (beach road) and consists mainly of the row of ocean front houses with a few exceptions where there is a cu-de-sac or small side street, adding some none oceanfront properties into the equation. These homes are almost all owned as vacation rentals.Between the Roads is the area between RT 12 and Rt 158 and parallels the ocean front. This ...
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