Forget what all the talking heads are saying. The real estate market is not crashing. It might be depressed in some areas but not in Nags Heads on the Outer Banks.While the Nags Head home sales market size has shrunken considerably , the prices for homes are continuing to go up. This might be because property owners have become reluctant to sell which is keeping the inventory low which always boosts real estate prices.The number of home sales dropped 40% from 2021 to 2022  and the median price went  up  17% from $665,000 in 2021 to $800,000 in 2022.  Nags Head Home Sales in 2021   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 6 $7,405,000 $1,234,167 $915,000 68 Conventional 209 $147,997,959 $708,124 $610,000 40 FHA 1 $335,000 $335,000 $335,000 ... 01/13/2023

As soon as the real estate market in Nags Head Slowed down from an insanely crazy 10 offers on the first day of a house coming on the market for sale to a better than normal pace, everyone started calling it a crash, the Bubble Burst, the end of times is nigh!The truth is, home prices are still going up in Nags Head and we are still getting multiple offers on properties and sales are still over asking price. Buyers are still paying the high prices. Gone are the days of fierce competition between buyers with the goal of winning at any cost. This a is a win-win for both sides, the seller gets their price and buyers don't have to engage in a bidding war.As you can see from the data below, we sold 30% less homes in 2022 than the previous year and at a price 25% higher than previously. Price... 07/31/2022

Sold Market Nags Head Homes Sold During 2021   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 6 $7,405,000 $1,234,167 $915,000 68 Conventional 233 $160,096,509 $687,109 $575,000 42 FHA 1 $335,000 $335,000 $335,000 9 VA 3 $1,469,900 $489,967 $465,000 37 Cash 63 $56,412,890 $895,443 $660,000 28 Owner Finance 1 $501,000 $501,000 $501,000 6 Jumbo Loan 32 $59,734,500 $1,866,703 $1,858,750 65   Analysis By Area Nags Head Oceanside 69 $106,953,300 $1,550,048 $1,399,900 48 S. N.H. East/Old Oregon R 60 $53,865,293 $897,755 $705,000 67 Nags Head between hwys 72 $52,877,687 $734,412 $720,250 26 S. N.H. West/Old Oregon R 21 $15,479,317 $737,110 $685,000 52 Nags Head Westside 117 $56,779,202 $485,292 $446,007 34 Totals 339 $285,954,799 $843,524 $626,000 42 ... 01/11/2022

Homes In Nags Head NC Sold During 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 2 $814,000 $407,000 $407,000 56 Conventional 199 $109,312,143 $549,307 $480,000 80 FHA 1 $315,000 $315,000 $315,000 1 VA 9 $4,260,900 $473,433 $380,000 75 Cash 59 $32,855,950 $556,881 $450,000 70 Owner Finance 2 $595,000 $297,500 $297,500 243 Private 1 $212,500 $212,500 $212,500 91 Jumbo Loan 17 $19,310,752 $1,135,927 $1,130,000 105 USDA 1 $260,000 $260,000 $260,000 16   Analysis By Area Nags Head Oceanside 43 $40,304,794 $937,321 $945,000 123 S. N.H. East/Old Oregon R 42 $31,505,100 $750,121 $636,500 68 Nags Head between hwys 66 $35,591,300 $539,262 $555,000 94 S. N.H. West/Old Oregon R 20 $9,859,450 $492,973 $450,000 79 Nags Head Westside 120 $50,675,601 $... 01/08/2021

Sold Market Villages At Nags Head Real Estate Sold June 1, 2020 Through Sept 1. 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 13 $7,040,300 $541,562 $475,000 106 Cash 4 $1,698,000 $424,500 $439,000 45 Owner Finance 1 $360,000 $360,000 $360,000 316   Analysis By Area Nags Head Oceanside 1 $1,325,000 $1,325,000 $1,325,000 272 Nags Head between hwys 5 $2,485,500 $497,100 $485,000 39 Nags Head Westside 12 $5,287,800 $440,650 $419,600 117 Totals 18 $9,098,300 $505,461 $460,600 104 LOTS/LAND Cash 1 $143,000 $143,000 $143,000 195   Analysis By Area Nags Head Westside 1 $143,000 $143,000 $143,000 195 Totals 1 $143,000 $143,000 $143,000 195   Non Co-op Sales 4 $1,901,500 $475,375 $496,250 70 Co-op Sales 15 $7,339,800 $489,320 $446,200 119... 09/23/2020

Sold Market Nags Head Real Estate Sold June 1, 2020 Through Sept 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 2 $814,000 $407,000 $407,000 56 Conventional 58 $30,228,001 $521,172 $482,500 103 VA 2 $1,018,000 $509,000 $509,000 38 Cash 17 $7,142,500 $420,147 $393,000 90 Owner Finance 1 $360,000 $360,000 $360,000 316 Private 1 $212,500 $212,500 $212,500 91   Analysis By Area Nags Head Oceanside 6 $3,925,900 $654,317 $639,500 228 S. N.H. East/Old Oregon R 8 $3,634,400 $454,300 $500,000 43 Nags Head between hwys 24 $12,733,500 $530,563 $545,000 109 S. N.H. West/Old Oregon R 9 $3,939,500 $437,722 $435,000 147 Nags Head Westside 34 $15,541,701 $457,109 $384,000 73 Totals 81 $39,775,001 $491,049 $459,000 100 LOTS/LAND Other 1 $120,000 $120,... 09/23/2020

Sold Market Nags Head Real Estate Sold Jan 1, 2019 Through Jan 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 3 $3,840,000 $1,280,000 $1,795,000 168 Conventional 164 $81,811,461 $498,850 $414,325 104 FHA 6 $1,864,400 $310,733 $286,500 115 VA 1 $250,000 $250,000 $250,000 195 Cash 38 $16,356,800 $430,442 $363,750 108 Owner Finance 2 $725,000 $362,500 $362,500 135 Jumbo Loan 3 $3,490,000 $1,163,333 $1,155,000 41   Analysis By Area Nags Head Oceanside 29 $25,926,931 $894,032 $839,000 99 S. N.H. East/Old Oregon R 28 $18,809,422 $671,765 $495,000 89 Nags Head between hwys 50 $22,637,350 $452,747 $427,500 154 S. N.H. West/Old Oregon R 16 $6,808,580 $425,536 $408,815 111 Nags Head Westside 94 $34,155,378 $363,355 $315,625 86 Totals 217 $108,3... 03/01/2020

Sold Market Southridge Real Estate Sold Jan 1, 2019 Through Jan 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 10 $3,737,300 $373,730 $360,000 62 Cash 1 $479,000 $479,000 $479,000 91   Analysis By Area Nags Head Westside 11 $4,216,300 $383,300 $380,000 64 Totals 11 $4,216,300 $383,300 $380,000 64 RESIDENTIAL LONG TRM RENT Rented 1 $1,650 $1,650 $1,650 7   Analysis By Area Nags Head Westside 1 $1,650 $1,650 $1,650 7 Totals 1 $1,650 $1,650 $1,650 7   Non Co-op Sales 3 $799,650 $266,550 $340,000 63 Co-op Sales 9 $3,418,300 $379,811 $380,000 59 Total Sales 12 $4,217,950 $351,496 $360,000 60   Sold Market Southridge Real Estate Sold Jan 1, 2018 Through Jan 1, 2019   No. of Listings Dollar Volume Average Price Median Price Average DO... 03/01/2020

Sold Market Vista Colony Real Estate Sold Jan 1, 2019 Through Jan 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 4 $1,085,675 $271,419 $264,337 52 FHA 2 $565,000 $282,500 $282,500 78 VA 1 $250,000 $250,000 $250,000 195 Cash 3 $727,900 $242,633 $229,000 34   Analysis By Area Nags Head between hwys 2 $584,900 $292,450 $292,450 4 Nags Head Westside 8 $2,043,675 $255,459 $263,337 82 Totals 10 $2,628,575 $262,858 $263,337 66   Non Co-op Sales 0       0 Co-op Sales 10 $2,628,575 $262,858 $263,337 66 Total Sales 10 $2,628,575 $262,858 $263,337 66   Sold Market Vista Colony Real Estate Sold Jan 1. 2018 Through Jan 1, 2019   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 2 $604,360 $302,1... 03/01/2020

Sold Market Old Nags Head Cove Real Estate Sold Jan 1, 2019 Through Jan 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 16 $5,596,400 $349,775 $317,500 60 FHA 1 $357,500 $357,500 $357,500 196 Cash 5 $1,338,000 $267,600 $240,000 138 Owner Finance 1 $250,000 $250,000 $250,000 37   Analysis By Area Nags Head Westside 23 $7,541,900 $327,909 $300,000 82 Totals 23 $7,541,900 $327,909 $300,000 82   Non Co-op Sales 2 $629,000 $314,500 $314,500 57 Co-op Sales 21 $6,912,900 $329,186 $300,000 84 Total Sales 23 $7,541,900 $327,909 $300,000 82   Sold Market Old Nags Head Cove Real Estate Sold Jan 1, 2018 Through Jan 1, 2019   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 15 $5,190,999 $346,06... 03/01/2020

Sold Market Nags Head Shores Real Estate Sold Jan 1 , 2019 Through Jan 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 2 $3,590,000 $1,795,000 $1,795,000 241 Conventional 5 $2,101,900 $420,380 $464,900 172 Cash 8 $2,204,500 $275,563 $129,000 106 Jumbo Loan 1 $1,300,000 $1,300,000 $1,300,000 30   Analysis By Area Nags Head Oceanside 9 $6,313,000 $701,444 $499,500 132 Nags Head between hwys 7 $2,883,400 $411,914 $350,000 147 Totals 16 $9,196,400 $574,775 $407,450 139 LOTS/LAND Conventional 1 $730,000 $730,000 $730,000 844 Cash 1 $186,000 $186,000 $186,000 10 Jumbo Loan 1 $700,000 $700,000 $700,000 34   Analysis By Area Nags Head Oceanside 2 $1,430,000 $715,000 $715,000 439 Nags Head between hwys 1 $186,000 $186,000 $186,000 10 Totals 3 $... 03/01/2020

Sold Market Nags Head Acres Real Estate Sold Jan 1, 2019 Through Jan 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 2 $615,000 $307,500 $307,500 162 FHA 1 $399,900 $399,900 $399,900 311 Cash 1 $470,000 $470,000 $470,000 51   Analysis By Area Nags Head Westside 4 $1,484,900 $371,225 $355,950 171 Totals 4 $1,484,900 $371,225 $355,950 171   Non Co-op Sales 1 $470,000 $470,000 $470,000 51 Co-op Sales 3 $1,014,900 $338,300 $312,000 211 Total Sales 4 $1,484,900 $371,225 $355,950 171   Sold Market Nags Head Acres Real Estate Sold Jan 1, 2018 Through Jan 1, 2019   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 6 $2,049,000 $341,500 $353,500 47   Analysis By Area Nags Head Westside 6 $2,0... 03/01/2020

Sold Market Hollywood Beach Real Estate Sold Jan 1, 2019 Through Jan 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 8 $6,466,630 $808,329 $770,000 80 Cash 2 $1,536,000 $768,000 $768,000 178 Jumbo Loan 1 $1,035,000 $1,035,000 $1,035,000 85   Analysis By Area Nags Head Oceanside 1 $1,375,000 $1,375,000 $1,375,000 53 S. N.H. East/Old Oregon R 7 $6,411,000 $915,857 $1,025,000 115 S. N.H. West/Old Oregon R 3 $1,251,630 $417,210 $427,630 73 Totals 11 $9,037,630 $821,603 $990,000 98 LOTS/LAND Conventional 1 $167,000 $167,000 $167,000 183   Analysis By Area S. N.H. West/Old Oregon R 1 $167,000 $167,000 $167,000 183 Totals 1 $167,000 $167,000 $167,000 183   Non Co-op Sales 0       0 Co-op Sales 12 $9,204,630 $767,053 $768,000 105 Total ... 03/01/2020

Sold Market George Stronach Real Estate Sold Jan 1, 2019 Through Jan 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 6 $3,712,000 $618,667 $587,750 33   Analysis By Area Nags Head Oceanside 1 $720,000 $720,000 $720,000 15 Nags Head between hwys 5 $2,992,000 $598,400 $585,000 37 Totals 6 $3,712,000 $618,667 $587,750 33 LOTS/LAND Cash 1 $216,000 $216,000 $216,000 72   Analysis By Area Nags Head between hwys 1 $216,000 $216,000 $216,000 72 Totals 1 $216,000 $216,000 $216,000 72   Non Co-op Sales 2 $787,500 $393,750 $393,750 46 Co-op Sales 5 $3,140,500 $628,100 $590,500 36 Total Sales 7 $3,928,000 $561,143 $585,000 39   Sold Market George Stronach Subdivision Real Estate Sold Jan 1, 2018 Through Jan 1 ,2019   No. of Listings Dollar ... 03/01/2020

Sold Market Bodie Island Beach Real Estate Sold Jan 1, 2019 Through Jan 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 3 $2,945,000 $981,667 $695,000 285 Cash 1 $542,000 $542,000 $542,000 11 Jumbo Loan 1 $1,155,000 $1,155,000 $1,155,000 7   Analysis By Area S. N.H. East/Old Oregon R 2 $3,105,000 $1,552,500 $1,552,500 24 S. N.H. West/Old Oregon R 3 $1,537,000 $512,333 $542,000 275 Totals 5 $4,642,000 $928,400 $695,000 174   Non Co-op Sales 0       0 Co-op Sales 5 $4,642,000 $928,400 $695,000 174 Total Sales 5 $4,642,000 $928,400 $695,000 174   Sold Market Bodie Island Beach Real Estate Sold Jan 1, 2018 Through Jan 1, 2019   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 5 $4,822,5... 03/01/2020

Sold Market Nags Head Condos Sold Oct 1, 2018 to Oct 1, 2019   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 1 $250,000 $250,000 $250,000 22 Conventional 14 $4,792,900 $342,350 $313,350 64 FHA 1 $278,000 $278,000 $278,000 11 Cash 5 $1,782,500 $356,500 $355,000 57   Analysis By Area Nags Head Oceanside 12 $4,141,400 $345,117 $338,500 71 S. N.H. East/Old Oregon R 3 $1,355,000 $451,667 $490,000 26 Nags Head Westside 6 $1,607,000 $267,833 $274,000 48 Totals 21 $7,103,400 $338,257 $306,700 58   Non Co-op Sales 3 $1,430,000 $476,667 $490,000 23 Co-op Sales 18 $5,673,400 $315,189 $295,500 64 Total Sales 21 $7,103,400 $338,257 $306,700 58   Sold Market Nags Head Condos Sold Oct 1, 2017 to Oct 1, 2018   No. of Listings Dollar Volume Average Price Media... 10/23/2019

Sold Market Nags Head Waterfront Homes Sold Jan 1 - Oct 1, 2019   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 2 $3,590,000 $1,795,000 $1,795,000 241 Conventional 24 $22,134,453 $922,269 $1,050,000 78 FHA 1 $278,000 $278,000 $278,000 11 Cash 10 $5,111,500 $511,150 $444,000 115 Owner Finance 1 $475,000 $475,000 $475,000 232 Jumbo Loan 3 $3,490,000 $1,163,333 $1,155,000 41   Analysis By Area Nags Head Oceanside 17 $18,357,031 $1,079,825 $1,235,000 101 S. N.H. East/Old Oregon R 15 $12,841,922 $856,128 $728,000 85 Nags Head Westside 9 $3,880,000 $431,111 $296,000 97 Totals 41 $35,078,953 $855,584 $720,000 94   Non Co-op Sales 2 $1,105,000 $552,500 $552,500 29 Co-op Sales 39 $33,973,953 $871,127 $728,000 97 Total Sales 41 $35,078,953 $855,584 $720... 10/16/2019

  Sold Market Nags Head Real Estate Sold July 1 -Oct 1, 2019   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 2 $3,590,000 $1,795,000 $1,795,000 241 Conventional 48 $24,705,498 $514,698 $399,950 114 FHA 2 $621,500 $310,750 $310,750 105 Cash 14 $4,852,900 $346,636 $347,450 75 Owner Finance 1 $475,000 $475,000 $475,000 232   Analysis By Area Nags Head Oceanside 13 $11,141,701 $857,054 $1,050,000 107 S. N.H. East/Old Oregon R 7 $5,315,922 $759,417 $515,000 92 Nags Head between hwys 15 $6,495,700 $433,047 $430,000 139 S. N.H. West/Old Oregon R 4 $1,128,900 $282,225 $282,000 196 Nags Head Westside 28 $10,162,675 $362,953 $338,750 90 Totals 67 $34,244,898 $511,118 $385,000 111 LOTS/LAND Conventional 1 $167,000 $167,000 $167,000 183 Cash 1 $216,000 $21... 10/05/2019

  Sold Market Nags Head Condo Sales Update Jan 1 - July 1, 2019   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 1 $250,000 $250,000 $250,000 22 Conventional 4 $1,443,000 $360,750 $311,500 24 FHA 1 $278,000 $278,000 $278,000 11 Cash 2 $760,000 $380,000 $380,000 118   Analysis By Area Nags Head Oceanside 1 $360,000 $360,000 $360,000 9 S. N.H. East/Old Oregon R 3 $1,355,000 $451,667 $490,000 26 Nags Head Westside 4 $1,016,000 $254,000 $266,500 69 Totals 8 $2,731,000 $341,375 $274,000 45   Non Co-op Sales 2 $1,105,000 $552,500 $552,500 29 Co-op Sales 6 $1,626,000 $271,000 $266,500 51 Total Sales 8 $2,731,000 $341,375 $274,000 45   Sold Market Nags Head Condo Sales Update Jan 1 - July 1, 2018   No. of Listings Dollar Volume Average Price Median Pric... 08/02/2019

  Sold Market Nags Head Single Family Homes Sold Jan 1 - July 1, 2019   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 57 $31,568,225 $553,829 $436,000 102 FHA 2 $565,000 $282,500 $282,500 78 VA 1 $250,000 $250,000 $250,000 195 Cash 17 $8,153,500 $479,618 $300,000 148 Owner Finance 1 $250,000 $250,000 $250,000 37 Jumbo Loan 3 $3,490,000 $1,163,333 $1,155,000 41   Analysis By Area Nags Head Oceanside 10 $9,834,730 $983,473 $1,132,500 137 S. N.H. East/Old Oregon Rd 12 $9,411,895 $784,325 $637,000 83 Nags Head between higways 23 $11,401,500 $495,717 $500,000 117 S. N.H. West/Old Oregon Rd 6 $2,628,900 $438,150 $412,000 85 Nags Head Westside 30 $10,999,700 $366,657 $320,000 109 Totals 81 $44,276,725 $546,626 $431,000 109   Non Co-op Sales 10 ... 07/16/2019