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Real Estate Broker/Owner
Greg Cremia
Helping People Buy & Sell Outer Banks Real Estate Since 1989! | Shore Realty | 800-647-1868 | www.ShoreRealtyOBX.com | greg@ShoreRealtyOBX.com
Office: (800) 647-1868
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Real Estate Agent
Ilona Matteson
As a former sales manager for Beach Realty and a former coach for the nationally acclaimed Mike Ferry Organization, Ilona knows the real estate business inside and out.
Cell: (252) 619-5225
Office: 252(261) 660-0232
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Dare County, NC Real Estate News

By Greg Cremia
(Shore Realty of the Outer Banks)
  Pre-Qualification vs. Pre-Approval What They ArePre-Qualification A ballpark estimate of how much you might borrow based on self-reported income, assets and debts. Typically involves a quick phone call to an OBX Lender—no tax returns, pay stubs or hard credit pull required. Non-binding: the lender hasn’t verified your data, so the letter is an informal guide, not a guarantee2. Pre-Approval A conditional commitment from a lender after verifying your documentation (W-2s, bank statements, credit report). Involves a hard credit inquiry and underwriter review of your financial profile. Stronger assurance: the lender promises to fund up to a specified amount (pending appraisal and unchanged financial status)2. Side-by-Side Comparison Feature Pre-Qualification Pre-Approval Information Review...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Open houses on the Outer Banks can be a useful marketing tactic to boost your property's visibility, but they also come with notable drawbacks. On the plus side, they generate exposure by inviting a larger number of people to view your home at once. This can create a buzz and help potential buyers imagine themselves living in the space in a relaxed, low-pressure setting. Increased traffic might lead to more private showings later on, even if many of the visitors are merely curious at firstThat said, the effectiveness of open houses has shifted with the way buyers search for homes today. Most buyers kick off their home search online; only a small fraction find a property through an open house. Furthermore, open houses can attract "looky-loos"—people who are simply curious and not serious...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Q1 2025 Real Estate Market Report: Southern Shores, NC – Single-Family HomesOverviewThe Southern Shores real estate market in the first quarter of 2025 demonstrated moderate activity with a total of 20 residential single-family home sales. The overall sales volume reached $18,851,400, and the average sale price was $942,570, with a median price of $796,300. The average days on market (DOM) stood at 38 days, indicating a reasonably balanced market.Sales by Financing Type Conventional Loans Sales: 12 homes Dollar Volume: $9,791,400 Average Price: $815,950 Median Price: $765,000 Average DOM: 47 days Cash Purchases Sales: 8 homes Dollar Volume: $9,060,000 Average Price: $1,132,500 Median Price: $1,200,000 Average DOM: 25 days Insight: Homes purchased with cash had significantly higher avera...
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By Greg Cremia
(Shore Realty of the Outer Banks)
  Q1 2025 Kill Devil Hills  Single-Family Home Sales Market ReportThe real estate market in Kill Devil Hills, NC, demonstrated both resilience and diversity during the first quarter of 2025, with a total of 74 single-family home sales totaling over $48.3 million in dollar volume. This analysis offers a breakdown by financing type, area, and cooperative versus non-cooperative sales to help investors, buyers, and industry professionals understand the current market dynamics.Market Overview Category Total Homes Sold Dollar Volume Average Price Median Price Average Days on Market (DOM) Total 74 $48,381,883 $653,809 $591,000 69 The average home price stood at $653,809, while the median price was slightly lower at $591,000, indicating some higher-end sales that pulled the average up. Homes so...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Nags Head Home Sales Analysis – Q1 2025The first quarter of 2025 witnessed dynamic market activity in Nags Head’s single-family residential segment. Buyers and sellers navigated a range of financing options and geographic areas, resulting in variations in sales price, volume, and days on market. Below, we examine the key metrics and trends captured in the latest sales data.Overview of Nags Head Home Sales CategoriesThe data divides residential sales into several financing types, highlighting market nuances: Other Financing Listings: 1 Dollar Volume: $3,850,000 Average/Median Price: $3,850,000 Average Days on Market (DOM): 190 Observation: With only one listing, this category represents a high-end transaction with a significant selling price. However, the long DOM indicates that the uniq...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Analysis of Avalon Beach Residential Home SalesOverview of Sold Market Data Total Residential Sales: Number of Listings: 30 Total Dollar Volume: $15,022,120 Average Price: $500,737 Median Price: $469,950 Average Days on Market (DOM): 44 Breakdown by Financing Type: Conventional Loans: Listings: 15 Dollar Volume: $7,824,300 Average Price: $521,620 Median Price: $499,900 Average DOM: 32 FHA Loans: Listings: 1 Dollar Volume: $387,500 Average/Median Price: $387,500 Average DOM: 168 VA Loans: Listings: 2 Dollar Volume: $884,500 Average/Median Price: $442,250 Average DOM: 34 Cash Sales: Listings: 12 Dollar Volume: $5,925,820 Average Price: $493,818 Median Price: $470,210 Average DOM: 49 Area-Specific Analysis Kill Devil Hills b/w Highways: Listings: 7 Dollar Volume: $4,518,400 Average Price: ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Duck NC Residential Homes Sales Data Analysis This presentation provides an in-depth analysis of the sold market data for the town of Duck, North Carolina. The report categorizes sales by type of financing, area, and co-op vs. non-co-op sales, offering insights into the residential real estate market's performance. This analysis aims to help stakeholders, such as real estate professionals, investors, and homeowners, understand market trends and make informed decisions.Market OverviewThe Duck residential homes market demonstrated robust activity, with 77 total listings sold, generating a dollar volume of $97,437,586. The average sale price was $1,265,423, while the median sale price stood at $1,098,880. Homes spent an average of 40 days on the market (DOM) before being sold.Financing Ana...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 This report provides a comprehensive analysis of the residential property sales data for The Village at Nags Head Homes in the Town of Nags Head. The analysis is based on key metrics, including the number of listings, dollar volume, average price, median price, and average days on market (DOM). The data is further segmented by financing methods, geographical areas, and sales types.Overall Market Performance Total Listings: 22 properties were sold during the period under review. Dollar Volume: Total sales amounted to $20,163,985. Average Price: The average sales price across all transactions was $916,545. Median Price: The median price was $807,834, indicating a slight skew toward higher-priced transactions. Average Days on Market (DOM): Properties remained on the market for an average ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Colington NC Residential Home Sales Market 2024This report provides a comprehensive analysis of the sold residential market data for Colington, NC. The data includes details on the number of listings, dollar volume, average price, median price, and average days on market (DOM) segmented by financing type, sales area, and cooperative status.1. Market OverviewThe Colington residential home market demonstrates a robust mix of financing options and significant variability in sales trends by area. Below is an analysis of key metrics:1.1. Financing MethodsThe data is categorized by financing type, showcasing the prevalence of conventional loans, cash transactions, and other financing options. Financing Type No. of Listings Dollar Volume Average Price Median Price Average DOM Conventional 48 ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Southern Shores NC Residential Home Sale Analysis For 2024 OverviewThis report analyzes the residential home market in Kitty Hawk, NC, based on recent sales data. Key metrics include the number of listings, dollar volume, average and median sale prices, and average days on market (DOM). The report also examines sales trends by financing type and area to provide a comprehensive view of the market.Market Summary Total Sales: Number of Listings: 82 Dollar Volume: $85,806,064 Average Sale Price: $1,046,415 Median Sale Price: $789,999 Average Days on Market (DOM): 37 Sales by Financing Type: Conventional Loans: Listings: 45 Total Volume: $39,725,139 Average Price: $882,781 Median Price: $780,000 Average DOM: 42 Cash Sales: Listings: 26 Total Volume: $32,851,125 Average Price: $1,263,505 Medi...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Kitty Hawk NC Residential Home Sale Analysis For 20241. OverviewKitty Hawk, NC, demonstrates a robust residential real estate market with a total of 90 homes sold and a total dollar volume of $56,567,162. The average price stands at $628,524, while the median price is $592,500, indicating a balanced market with some higher-end sales pulling the average slightly above the median. The average days on market (DOM) is 38 days, suggesting healthy demand and timely sales.2. Breakdown by Financing MethodUnderstanding financing methods gives insight into buyer profiles and preferences: Conventional Loans: 54 homes sold with a total volume of $34,764,101. Average price: $643,780; Median price: $625,000. Average DOM: 40 days – a standard timeframe reflecting solid buyer activity. FHA Loans: 1 hom...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Kill Devil Hills NC Residential Home Sale Analysis For 2024The following professional analysis evaluates residential real estate sales data for homes sold in Kill Devil Hills, NC. This report examines market trends, buyer behavior, financing methods, and area-specific dynamics based on the provided sales statistics.Market OverviewThe residential real estate market in Kill Devil Hills reflects a robust sales environment with 272 total listings and a cumulative dollar volume of $161,090,292. Key metrics, such as average and median sale prices and days on market (DOM), provide insight into buyer preferences and market trends: Average Sale Price: $592,244 Median Sale Price: $550,000 Average DOM: 62 days These figures suggest a balanced market where homes are moving steadily, with pricing al...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Residential Sales Breakdown For 2024 Home Sales in Old Nags Head Cove in Nags Head NC Conventional Sales: Number of Listings: 10 Dollar Volume: $6,062,900 Average Price: $606,290 Median Price: $577,000 Average Days on Market (DOM): 34 VA Sales: Number of Listings: 1 Dollar Volume: $535,000 Average Price: $535,000 Median Price: $535,000 Average DOM: 14 Cash Sales: Number of Listings: 2 Dollar Volume: $1,871,000 Average Price: $935,500 Median Price: $935,500 Average DOM: 38 Analysis by Area Nags Head Westside: Number of Listings: 13 Dollar Volume: $8,468,900 Average Price: $651,454 Median Price: $579,000 Average DOM: 33 Sales Type Breakdown Non Co-op Sales: Number of Listings: 4 Dollar Volume: $2,464,900 Average Price: $616,225 Median Price: $555,000 Average DOM: 32 Co-op Sales: Number o...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Analyzing the Sales Data for 2024 Home Sales in George Stronic Subdivision in Nags Head NCThe sales data for the Geo Stronic subdivision in Nags Head, NC, reveals intriguing insights into the local real estate market. Here's a breakdown of the key trends and figures from recent transactions.1. Market Overview by Sale TypeThe six residential properties sold within the subdivision were financed through a variety of methods, highlighting diverse buyer profiles: Conventional Loans: Number of Sales: 2 Dollar Volume: $2,795,000 Average Price: $1,397,500 Median Price: $1,397,500 Average Days on Market (DOM): 27 Cash Purchases: Number of Sales: 3 Dollar Volume: $5,057,500 Average Price: $1,685,833 Median Price: $1,450,000 Average DOM: 69 Jumbo Loans: Number of Sales: 1 Dollar Volume: $1,140,000...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Nags Head NC Homes Sold January 1, 2024 Through January 1, 2025Market OverviewTotal Sales Snapshot: Total Listings: 129 Dollar Volume: $131,260,368 Average Price: $1,017,522 Median Price: $838,858 Average Days on Market (DOM): 51 The residential market is thriving, with strong sales volume and relatively stable market activity as reflected in the average DOM.Analysis by Financing TypeBreaking down sales by financing method reveals diverse buyer strategies: Conventional Loans: 82 listings (largest share) Dollar volume: $71.3M Average Price: $869,921 Median Price: $766,450 Average DOM: 47 Insight: Conventional loans dominate the market, appealing to buyers with moderate-to-high credit reliability. Cash Sales: 31 listings Dollar volume: $37.88M Average Price: $1,222,071 (highest among fina...
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By Greg Cremia
(Shore Realty of the Outer Banks)
First Flight Village Homes Sold Jan 1, 2023 To Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     10     $4,848,600     $484,860     $436,150     34                   VA     1     $479,900     $479,900     $479,900     37                   Cash     2     $810,000     $405,000     $405,000     10          Analysis By Area                   Kill Devil Hills Westside     13     $6,138,500     $472,192     $439,000     30                   Totals     13     $6,138,500     $472,192     $439,000     30                        Non Co-op Sales     2     $1,053,300     $526,650     $526,650     31                   Co-op Sales     11     $5,085,200     $462,291     $439,000 ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Sea Crest Village Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     4     $3,230,000     $807,500     $760,000     27                   Cash     1     $6,050,000     $6,050,000     $6,050,000     3          Analysis By Area                   Southern Shores Oceanside     5     $9,280,000     $1,856,000     $820,000     22                   Totals     5     $9,280,000     $1,856,000     $820,000     22                        Non Co-op Sales     1     $1,100,000     $1,100,000     $1,100,000     2                   Co-op Sales     4     $8,180,000     $2,045,000     $760,000     27                   Total Sales     5     $9,280,000     $1,8...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Chicahauk Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     2     $1,410,000     $705,000     $705,000     7                   Conventional     10     $7,012,300     $701,230     $739,950     29                   FHA     1     $562,000     $562,000     $562,000     39                   Cash     4     $3,105,500     $776,375     $772,500     43          Analysis By Area                   Southern Shores Westside     17     $12,089,800     $711,165     $739,900     30                   Totals     17     $12,089,800     $711,165     $739,900     30                        Non Co-op Sales     2     $1,189,900     $594,950     $594,950     13         ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Southern Shores Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     2     $1,410,000     $705,000     $705,000     7                   Conventional     47     $38,745,600     $824,374     $740,000     45                   FHA     2     $979,000     $489,500     $489,500     24                   VA     2     $1,765,000     $882,500     $882,500     5                   Cash     20     $21,822,000     $1,091,100     $705,750     39                   Owner Finance     1     $625,000     $625,000     $625,000     60                   Private     1     $327,000     $327,000     $327,000     40                   Jumbo Loan     1     $1,100,000     $1,100...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Southridge Homes Sold Jan 1, 2023 To Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     5     $3,414,900     $682,980     $661,000     53                   Cash     1     $490,000     $490,000     $490,000     27          Analysis By Area                   Nags Head Westside     6     $3,904,900     $650,817     $657,950     49                   Totals     6     $3,904,900     $650,817     $657,950     49                        Non Co-op Sales     0                    0                   Co-op Sales     6     $3,904,900     $650,817     $657,950     49                   Total Sales     6     $3,904,900     $650,817     $657,950     49   Southridge Homes Sold Jan 1,...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Sea Scape Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     5     $3,121,900     $624,380     $647,000     47          Analysis By Area                   Kitty Hawk Westside     5     $3,121,900     $624,380     $647,000     47                   Totals     5     $3,121,900     $624,380     $647,000     47                        Non Co-op Sales     1     $519,900     $519,900     $519,900     10                   Co-op Sales     4     $2,602,000     $650,500     $676,000     56                   Total Sales     5     $3,121,900     $624,380     $647,000     47  Sea Scape Homes Sold Jan 1, 2022 to Jan 1, 2023     Sold Market          No. of...
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