Sold Market Whalebone Beaches 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     6     $3,372,000     $562,000     $537,500     98                   Jumbo Loan     1     $1,150,000     $1,150,000     $1,150,000     132          Analysis By Area                   Nags Head Oceanside     2     $2,125,000     $1,062,500     $1,062,500     112                   Nags Head between hwys     4     $2,172,000     $543,000     $537,500     91                   Nags Head Westside     1     $225,000     $225,000     $225,000     132                   Totals     7     $4,522,000     $646,000     $605,000     103                        Non Co-op Sales     1     $402,000     $402,000     $402,000 ... 01/15/2018

    Sold Market Vista Colony 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     9     $2,453,500     $272,611     $265,000     110                   Cash     1     $150,000     $150,000     $150,000     6          Analysis By Area                   Nags Head between hwys     5     $1,309,000     $261,800     $235,000     123                   Nags Head Westside     5     $1,294,500     $258,900     $265,000     77                   Totals     10     $2,603,500     $260,350     $250,000     100     LOTS/LAND                   Cash     1     $78,100     $78,100     $78,100     49          Analysis By Area                   Nags Head Westside     1     $78,100     $78,100     $78,100     4... 01/15/2018

    Sold Market Nags Head Acres 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     3     $883,000     $294,333     $320,000     87          Analysis By Area                   Nags Head Westside     3     $883,000     $294,333     $320,000     87                   Totals     3     $883,000     $294,333     $320,000     87     LOTS/LAND                   Conventional     1     $110,000     $110,000     $110,000     111                   Cash     2     $200,000     $100,000     $100,000     338          Analysis By Area                   Nags Head Westside     3     $310,000     $103,333     $110,000     262                   Totals     3     $310,000     $103,333     $110,000     262     ... 01/12/2018

    Sold Market North Ridge Estates 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     2     $526,000     $263,000     $263,000     33                   FHA     1     $287,000     $287,000     $287,000     182          Analysis By Area                   Nags Head Westside     3     $813,000     $271,000     $287,000     83                   Totals     3     $813,000     $271,000     $287,000     83                        Non Co-op Sales     0                    0                   Co-op Sales     3     $813,000     $271,000     $287,000     83                   Total Sales     3     $813,000     $271,000     $287,000     83       Sold Market North Ridge Estates 2016          No. of List... 01/12/2018

    Sold Market Bodie Island Beach 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     1     $701,000     $701,000     $701,000     41                   Conventional     3     $1,895,000     $631,667     $655,000     396                   Cash     3     $1,058,500     $352,833     $222,000     20                   Jumbo Loan     2     $2,230,000     $1,115,000     $1,115,000     181          Analysis By Area                   S. N.H. East/Old Oregon R     4     $3,810,000     $952,500     $1,002,500     313                   S. N.H. West/Old Oregon R     5     $2,074,500     $414,900     $315,000     80                   Totals     9     $5,884,500     $653,833     $655,000     183             ... 01/12/2018

    Sold Market Roanoke Sound Shores 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     4     $2,195,000     $548,750     $522,500     362                   Cash     2     $757,300     $378,650     $378,650     75          Analysis By Area                   Nags Head between hwys     4     $2,252,000     $563,000     $522,500     378                   Nags Head Westside     2     $700,300     $350,150     $350,150     42                   Totals     6     $2,952,300     $492,050     $497,250     266                        Non Co-op Sales     1     $720,000     $720,000     $720,000     311                   Co-op Sales     5     $2,232,300     $446,460     $487,000     257              ... 01/12/2018

 Home Sales in Old Nags Head Place are steady from last year but with some improvements. Both the median price and the average sales price has increased over the previous year and the days on the market has been cut by almost two thirds.      Sold Market Old Nags Head Place Single Family Homes 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     3     $1,854,900     $618,300     $619,900     132                   Cash     3     $1,899,000     $633,000     $619,000     42          Analysis By Area                   Nags Head between hwys     6     $3,753,900     $625,650     $619,450     87                   Totals     6     $3,753,900     $625,650     $619,450     87                       ... 01/12/2018

 Single Family homes sales in Nags Head Shores is remaining steady with 16 homes sold last year compared to 15 homes the previous year. There was a slight decline in prices as the median price and average prices saw a modest decline. The odd thing is the number of days on the market has been cut in half.     Sold Market Nags Head Shores Single Family Homes 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     14     $6,959,075     $497,077     $453,500     50                   Jumbo Loan     1     $725,000     $725,000     $725,000     342                   USDA     1     $240,000     $240,000     $240,000     52          Analysis By Area                   Nags Head Oceanside     3     $2,5... 01/11/2018

 While sales remain brisk, prices are still struggling for single family homes in the George Stronach subdivision. While the number of homes sales is up and the days on the market has been cut in half we are still seeing a decline in the median and average sales prices.      Sold Market George Stronach Single Family Homes 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     7     $4,341,000     $620,143     $556,500     149                   Cash     3     $2,220,000     $740,000     $740,000     30          Analysis By Area                   Nags Head Oceanside     2     $1,840,000     $920,000     $920,000     22                   Nags Head between hwys     8     $4,721,000     $590,125 ... 01/11/2018

 Single family homes sales are remaining fairly consistent in the Nags Head subdivision of Conch Shell Estates. During the past 2 years there were 4 home sales in each year while the average sold price went up marginally the median price went down marginally.     Sold Market Conch Shell Estates 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     4     $1,660,000     $415,000     $387,000     72          Analysis By Area                   Nags Head between hwys     4     $1,660,000     $415,000     $387,000     72                   Totals     4     $1,660,000     $415,000     $387,000     72                        Non Co-op Sales     0                    0                   Co-op Sales    ... 01/11/2018

This article will be analyzing the real estate market in Nags Head on the Outer Banks 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 4 distinct geographic areas. Each of these areas has distinct qualities that require separate analysis.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 from 8th St to Whalebone Beaches, with a few exceptions where there is a sul de sac adding some none oceanfront properties into the equation. These homes are almost all oceanfront.South Nags Head is the area south of Whalebone Beaches down to the towns border with the Cape Hatteras National Sea... 07/15/2017

 As you can see in the 2 charts below, the number of residential sales dropped a bit while at the same time the median price increased. This data is for single family homes, condos and town houses combined and is supplied by the Outer Banks Association of Realtors. The median price of a residential property in Nags Head went up 4% from 2015 to 2016 from $370,000 to $383,500.Your property in Nags Head might have gone up or it could have gone down in Value. Not all areas in Nags Head are experiencing the same market increase.The median price of westside house in Nags Head is $325,000 compared to $291,000 the year before and $277,500 the year before that. This 11% gain in housing on the westside, or soundside, in Nags Head, offsets the continual loss of value the area in between the two ma... 01/13/2017

    Market Update For Conch Shell Estates in South Nags Head 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     1     $379,000     $379,000     $379,000     0                   Conventional     2     $984,000     $492,000     $492,000     185                   Cash     1     $285,000     $285,000     $285,000     56          Analysis By Area                   Nags Head between hwys     4     $1,648,000     $412,000     $402,000     106                   Totals     4     $1,648,000     $412,000     $402,000     106                        Non Co-op Sales     0                    0                   Co-op Sales     4     $1,648,000     $412,000     $402,000     106                   Total Sales  ... 01/09/2017

    Sold Market Villages at Nags Head 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     15     $6,875,400     $458,360     $480,000     217                   Cash     3     $1,425,400     $475,133     $429,900     418                   Owner Finance     1     $650,000     $650,000     $650,000     214          Analysis By Area                   Nags Head Oceanside     2     $1,340,000     $670,000     $670,000     140                   Nags Head between hwys     2     $1,045,000     $522,500     $522,500     302                   Nags Head Westside     15     $6,565,800     $437,720     $429,900     256                   Totals     19     $8,950,800     $471,095     $480,000     248   ... 01/09/2017

    Sold Market Nags Head Shore 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     1     $650,000     $650,000     $650,000     109                   Conventional     14     $6,397,000     $456,929     $466,500     183                   Cash     2     $1,015,000     $507,500     $507,500     55          Analysis By Area                   Nags Head Oceanside     3     $2,043,000     $681,000     $745,000     181                   Nags Head between hwys     14     $6,019,000     $429,929     $431,250     160                   Totals     17     $8,062,000     $474,235     $483,000     164                        Non Co-op Sales     3     $1,512,500     $504,167     $485,000     190                ... 01/09/2017

      Sold Market North Ridge Estates 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     4     $1,208,900     $302,225     $279,500     90          Analysis By Area                   Nags Head Westside     4     $1,208,900     $302,225     $279,500     90                   Totals     4     $1,208,900     $302,225     $279,500     90                        Non Co-op Sales     0                    0                   Co-op Sales     4     $1,208,900     $302,225     $279,500     90                   Total Sales     4     $1,208,900     $302,225     $279,500     90       Sold Market North Ridge Estates 2015          No. of Listings     Dollar Volume     Average Price     Median Price     Av... 01/09/2017

    Sold Market Old Nags Head Cove 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     1     $275,000     $275,000     $275,000     96                   Conventional     14     $4,596,432     $328,317     $314,100     158                   VA     1     $289,000     $289,000     $289,000     325                   Cash     3     $1,247,000     $415,667     $385,000     320          Analysis By Area                   Nags Head Westside     19     $6,407,432     $337,233     $315,000     189                   Totals     19     $6,407,432     $337,233     $315,000     189                        Non Co-op Sales     2     $865,000     $432,500     $432,500     70                   Co-op Sales     17  ... 01/09/2017

    Sold Market Edwards Subdivision Homes 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     1     $420,000     $420,000     $420,000     50                   Cash     1     $406,000     $406,000     $406,000     105          Analysis By Area                   Nags Head between hwys     2     $826,000     $413,000     $413,000     78                   Totals     2     $826,000     $413,000     $413,000     78                        Non Co-op Sales     0                    0                   Co-op Sales     2     $826,000     $413,000     $413,000     78                   Total Sales     2     $826,000     $413,000     $413,000     78  No houses were sold in the subdivision of Edwards d... 01/09/2017

    Sold Market George T Stronich Homes 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     5     $2,995,500     $599,100     $563,000     295                   Cash     1     $1,037,500     $1,037,500     $1,037,500     282                   Jumbo Loan     2     $2,133,000     $1,066,500     $1,066,500     86          Analysis By Area                   Nags Head Oceanside     2     $2,462,500     $1,231,250     $1,231,250     193                   Nags Head between hwys     6     $3,703,500     $617,250     $571,500     257                   Totals     8     $6,166,000     $770,750     $644,000     241                        Non Co-op Sales     0                    0                   C... 01/09/2017

    Sold Market Nags Head Beach Homes 2016          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     1     $559,000     $559,000     $559,000     128                   Cash     1     $225,000     $225,000     $225,000     69          Analysis By Area                   Nags Head between hwys     2     $784,000     $392,000     $392,000     99                   Totals     2     $784,000     $392,000     $392,000     99                        Non Co-op Sales     0                    0                   Co-op Sales     2     $784,000     $392,000     $392,000     99                   Total Sales     2     $784,000     $392,000     $392,000     99        Sold Market Nags Head Beach 2015          No. of ... 01/09/2017