Kill Devil Hills, NC Real Estate News

By Greg Cremia
(Shore Realty of the Outer Banks)
 Home prices in Virginia Dare Shores are not going up but sales are holding steady, so if you are thinking about selling your home in Virginia Dare Shores, give me a call or click one of the links below to find out what I can do for you.     Sold Market Virginia Dare Shores 2015          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     12     $3,247,300     $270,608     $249,500     175                   VA     1     $216,500     $216,500     $216,500     83                   Cash     6     $1,304,500     $217,417     $188,750     108          Analysis By Area                   Kill Devil Hills b/w Hwys     4     $1,093,500     $273,375     $277,250     112                   Kill Devil Hills Westsid...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 Home prices in Moor Shores are not going up but the number of sales has doubled, so if you are thinking about selling your home in Moor Shores, give me a call or click one of the links below to find out what I can do for you.     Sold Market Moor Shores 2015          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     1     $361,500     $361,500     $361,500     240                   Conventional     3     $847,900     $282,633     $290,000     70                   FHA     2     $458,000     $229,000     $229,000     99                   VA     1     $265,000     $265,000     $265,000     114                   USDA     1     $188,500     $188,500     $188,500     447          Analysis By Area                ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 It does not look like home prices in Delray Beach have started to go up just yet. Even though home prices are stagnating the number of buyers has gone up so if you are thinking about selling your home in Delray Beach, give me a call or click one of the links below to find out what I can do for you.     Sold Market Delray Beach 2015          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     4     $1,148,000     $287,000     $258,750     223          Analysis By Area                   Kill Devil Hills b/w Hwys     4     $1,148,000     $287,000     $258,750     223                   Totals     4     $1,148,000     $287,000     $258,750     223                        Non Co-op Sales     1     $302,500  ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 The median price of a home in The Landing jumped from $236,000 in 2014 to $290,000 in 2015 for an increase of 23%. If you are thinking of selling your home in The Landing, give me a call or click one of the links below to find out what I can do for you.     Sold Market The Landing 2015          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     3     $922,500     $307,500     $289,900     73                   FHA     1     $229,900     $229,900     $229,900     39                   VA     1     $350,000     $350,000     $350,000     124          Analysis By Area                   Kill Devil Hills b/w Hwys     1     $289,900     $289,900     $289,900     64                   Kill Devil Hills Westside ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 Home prices and sales are up all across the board in Avalon Beach. The median price went up to $200,000 in 2015 from $187,500 in 2014. The average price went up and the number of sales increased from 228 in 2014 to 39 homes sold in 2015. If you are thinking about selling your home in Avalon Beach, give me a call or click one of the links below to find out what I can do for you.     Sold Market Avalon Beach 2015          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     23     $4,786,550     $208,111     $200,000     148                   FHA     3     $499,000     $166,333     $160,000     59                   VA     3     $697,250     $232,417     $222,500     121                   Cash     10     ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 Home prices in Kitty Hawk Shores have seen an increase as investors come back into the market looking for vacation rental homes. The median price of a home in Kitty Hawk Shores increased to $296,000 in 2015 from $242,500 in 2014 for an increase of almost 23%. If you are thinking about selling your home in Kitty Hawk Shores, give me a call or click one of the links below to find out what I can do for you.     Sold Market Kitty Hawk Shores 2015          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     8     $3,894,700     $486,838     $267,750     150                   Cash     6     $2,865,000     $477,500     $440,000     190          Analysis By Area                   Kill Devil Hills Oceanside   ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 It looks like home prices in Orville Beach are going up. In 2014 the median price of a house in Orville Beach was $265,000. The median price went up in 2015 to $285,000 for an increase of 7% over the year before. If you are thinking about selling your home in Orville Beach, give me a call or click one of the links below to find out what I can do for you.     Sold Market Orville Beach 2015          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     8     $2,224,000     $278,000     $261,250     206                   Cash     1     $375,000     $375,000     $375,000     138          Analysis By Area                   Kill Devil Hills b/w Hwys     4     $1,317,000     $329,250     $343,500     350      ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 Oceanfront homes in Kill Devil Hills experienced a nice increase in price this past year as the median price jumped 33% to $815,000 in 2015 from $612,000 in 2014. It is a good time for home owners. If you are thinking about selling your ocean front home in Kill Devil Hills, give me a call or click on of the links below to find out what I can do for you.     Sold Market Kill Devil Hills Oceanfront Homes 2015          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $2,388,000     $1,194,000     $1,194,000     94                   Cash     4     $3,145,000     $786,250     $815,000     247          Analysis By Area                   Kill Devil Hills Oceanside     6     $5,533,000     $922,167  ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 Home sales in Croatan Shores took a nose dive last year as the median price dropped 10% to $286,500 in 2015 from $297,000 in 2014. Regardless of how it looks there is an active real estate market and buyers are buying. If you are thinking about selling your home in Croatan Shores, give me a call or click one of the links below to find out what I can do for you.     Sold Market Croatan Shores 2015          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     7     $2,343,775     $334,825     $304,900     236                   FHA     1     $242,000     $242,000     $242,000     286                   VA     1     $215,000     $215,000     $215,000     205                   Cash     3     $1,052,900     $...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 Baum Bay Harbor home prices took a hit as the median price fell from $248,000 to $236,000 in 2015. The number of sales remains steady and the prospects are good for home sellers. If you are thinking about selling your home in Baum Bay Harbor, give me a call or click one of the links below to find out what I can do for you.     Sold Market Baum Bay Harbor 2015          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $472,500     $236,250     $236,250     181          Analysis By Area                   Kill Devil Hills Westside     2     $472,500     $236,250     $236,250     181                   Totals     2     $472,500     $236,250     $236,250     181                        Non Co-op Sale...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 It looks like the price of Oyster Pointe Condos is going up. The median price went up from $125,000 to $139,000 for an increase of 11%. The average price remained fairly stable but the number of sales climbed 45% from 9 units sold in 2014 to 13 units sold in 2015. If you are thinking about selling your Oyster Pointe condo, give me a call or click one of the links below to find out what I can do for you.     Sold Market Oyster Point Condos 2015          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     10     $1,424,000     $142,400     $144,750     145                   Cash     3     $420,000     $140,000     $139,000     140          Analysis By Area                   Kill Devil Hills Westside    ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 Home prices in Whispering Pines are going up across the board as the number of sales and both the medial price and the average price experience increases. The number of homes sold went up from 3 in 2014 to 5 in 2015. At the same time the median price increased from $239,000 to $312,000 in 2015 and the average price went up from $222,833 to $296,500. If you are thinking of selling your home in Whispering Pines, give me a call or click one of the links below to find out what I can do for you.     Sold Market Whispering Pines 2015          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     3     $912,500     $304,167     $312,000     175                   Cash     2     $570,000     $285,000     $285,00...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 Not only are home prices in Ocean Acres going up, the sales activity is also picking up. From 2014 to 2015 the medial price of a home in Ocean Acres went up from $234,000 to $255,000 and the average price went up from $221,290 to $243,848. At the same time, the number of homes sold went up from 15 in 2014 to 17 in 2015. If you are thinking of selling your home in Oceans Acres, give me a call or click one of the links below to find out what I can do for you.     Sold Market Ocean Acres 2015          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     14     $3,543,222     $253,087     $256,000     179                   VA     2     $460,000     $230,000     $230,000     196                   Cash     1...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 Here are the new listings in Kill Devil Hills as of January 31. MLS # Area Subdivision Address Asking Price Bedrooms Full Baths Headline     90863 Kill Devil Hills b/w Hwys Virginia Dare Shores 209 E Hayman Boulevard $225,000 3 2 STEPS TO THE OCEAN!! 90858 Kill Devil Hills Westside Avalon Beach 2018 Highview Street $64,900     High & affordable lot! 90865 Kill Devil Hills Westside Kdh Realty Corp 200 W Airstrip Road $364,900 4 3 Adorable Cottage with Pool! 90910 Kill Devil Hills Westside Kill Devil Beach 1409 Hill Street $299,900 3 2 To Be Built!   90907 Kill Devil Hills Westside Kill Devil Beach 1412 Hill Street $249,900 3 2 New Construction!   90894 Kill Devil Hills Westside Kill Devil Beach 1206 Swan Street $337,750 4 3 GIANT 12,000 Sq.ft Lot! 90819 Kill Devil Hills Westside Moor Sh...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 It looks like home prices in First Flight Village have started to go up. The median price of a home in First Flight Village went up 5% from $215,000 in 2014 to $226,400 in 2015. Good news as home owners in First Flight Village are starting to see some equity appreciation after so many years of doom and gloom.     Sold Market First Flight Village 2015          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     1     $255,000     $255,000     $255,000     74                   Conventional     10     $2,384,300     $238,430     $231,000     293                   FHA     5     $1,030,900     $206,180     $195,000     183                   Cash     2     $338,200     $169,100     $169,100     174                ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
While the home prices in Kill Devil Hills are still stagnating the number of homes selling has gone up 14% this his past year. The charts below document the sales activity for Kill Devil Hills for the years 2015 and 2014. 201 single family homes were sold in Kill Devil Hills in 2014 and 229 homes in 2015, an increase of 14%. If you are a potential home seller in Kill Devil Hills you are still not able to sell for the high price of the past but there are plenty of buyers looking for what you have.If we break down the sales by area we can see what is holding the prices down. The houses in Kill Devil Hills located between Rt12 and the beach road are dragging the median  price down. Houses located on the westside are holding onto their value with themedian price staying the same from year t...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Do you find yourself asking, is the timing right to put my house in Kill Devil Hills on the market right here in the middle of winter? The answer is simple, yes. Unlike other areas, where home sales peak and fall with the ebb and flow of the school system, home sales in Kill Devil Hills are not restricted by families looking to relocate. Often, busy professionals find it more convenient to shop for an investment property during the winter when traffic and vacationers do not get in the way. Winter shopping for homes is restricted by the weather back home which sometimes keeps the buyers trapped up north.The first graph below shows the number of homes sold in each month in Kill Devil Hills on the Oceanside of Rt12 from July 2014 thru July 2015. The houses in this location are primarily in...
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By Greg Cremia
(Shore Realty of the Outer Banks)
The annual flyover celebrating the anniversary of the first time powered flight was achieved will be on Thursday, Dec17, 2015 at the Wright Brothers National Memorial in Kill Devil Hills. On this day back in 1903, the Wright brothers, Wilbur & Orville, made history in their airplane. To pay tribute to this achievement, the National Park Service will hold a formal ceremony starting at 9am and there are activities throughout the day. The real fun starts at 10:35am when the military flys in. What they will be flying is always a surprise but if you like watching military planes fly low and slow, this will be the place to be. They make a pass directly over top of the memorial and into the wind with a line on the runway, so find a seat accordingly.  
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The Top Ten House Best Buys  Kill Devil Hills, NC   Each month I put out a Top Ten List for the Houses in Kill Devil Hills.  To get specific information on any of these properties Just click on the address.   Soundfront 2042 S Old Nags Head Woods Road 3 Bedrooms- 2 Full Baths- Secluded 10 Acres!   Semi-Soundfront 1807 Bay Drive 4 Bedrooms- 3 Full Baths- Priced To Sell   Oceanfront 2907 N Virginia Dare Trail 3 Bedrooms- 1 Full Bath- Adorable 50's Era Rental Machine   Semi-Oceanfront 206 N Virginia Dare Trail 3 Bedrooms- 2 Full Baths- Remodeled Gem!   Condominium (2 Bedrooms) 1014 S Virginia Dare Trail Unit #203 2 Bedrooms- 2 Full Baths- High End Luxury   Townhouse  1111 Cambridge Road Unit #308-F 3 Bedrooms- 2 Full Baths- Stainless & Granite   Between The Highways (3 Bedrooms) 1822 N Vir...
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The Top Ten House Best Buys  Kill Devil Hills, NC   Each month I put out a Top Ten List for the Houses in Kill Devil Hills.  To get specific information on any of these properties Just click on the address.   Soundfront 1802 Bay Drive 4 Bedrooms- 5 Full Baths- Professionally Decorated   Semi-Soundfront 1405 W First Street 5 Bedrooms- 4 Full Baths- Craftsmanship and Design   Oceanfront 2907 N Virginia Dare Trail 3 Bedrooms- 1 Full Bath- Adorable 50's Era- Rental Machine   Semi-Oceanfront 1312 S Virginia Dare Trail 5 Bedrooms- 5 Full Baths- 1 Half Bath- Elevator- Pool- Hot Tub   Condominium (2 Bedrooms) 1801 S Virginia Dare Trail Unit #8 2 Bedrooms- 2 Full Baths- Furnished Oceanfront   Townhouse  1111 Cambridge Road Unit #308-F 3 Bedrooms- 2 Full Baths- Stainless & Granite   Between The H...
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