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 Kill devil Hills on the Outer Banks.While the Kill Devil Hills Home Sales market size has contracted 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 19% from 2021 to 2022  while at the same time, the median price went  up  17% from$417,412 in 2021 to $525,730 in 2022.  Kill Devil Hills Home Sales in 2022   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 1 $607,000 $607,000 $607,000 46 Conventional 211 $118,585,887 $562,018 $520,000 ... 01/19/2023

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 Colington NC Sold During 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 92 $31,516,098 $342,566 $311,500 87 FHA 11 $2,379,900 $216,355 $229,900 100 VA 9 $3,008,500 $334,278 $302,000 69 Cash 24 $7,346,550 $306,106 $283,000 65 Owner Finance 2 $866,000 $433,000 $433,000 518 USDA 3 $707,000 $235,667 $238,000 31   Analysis By Area Colington Harbor 104 $33,088,950 $318,163 $290,000 73 Colington 37 $12,735,098 $344,192 $311,000 130 Totals 141 $45,824,048 $324,993 $299,000 88   Non Co-op Sales 23 $6,889,950 $299,563 $295,400 100 Co-op Sales 118 $38,934,098 $329,950 $299,925 86 Total Sales 141 $45,824,048 $324,993 $299,000 88   Homes In Colington NC Sold During 2019   No. of Listings Dollar Volume Average Price Median Price Averag... 01/08/2021

Homes In Southern Shores NC Sold During 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 113 $62,699,265 $554,861 $505,000 93 FHA 2 $607,500 $303,750 $303,750 92 VA 2 $989,500 $494,750 $494,750 14 Cash 17 $12,448,500 $732,265 $670,000 149 Jumbo Loan 6 $7,414,500 $1,235,750 $1,135,000 184   Analysis By Area Southern Shores Oceanside 46 $35,759,665 $777,384 $685,000 149 Southern Shores Westside 94 $48,399,600 $514,889 $482,000 79 Totals 140 $84,159,265 $601,138 $510,000 102   Non Co-op Sales 22 $12,858,800 $584,491 $497,500 70 Co-op Sales 118 $71,300,465 $604,241 $512,500 108 Total Sales 140 $84,159,265 $601,138 $510,000 102   Homes In Southern Shores NC Sold During 2019   No. of Listings Dollar Volume Average Price Median Price Avera... 01/08/2021

Homes In Duck NC Sold During 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 2 $1,975,000 $987,500 $987,500 9 Conventional 165 $96,529,797 $585,029 $555,000 122 Cash 30 $21,304,450 $710,148 $547,500 105 Jumbo Loan 13 $17,703,000 $1,361,769 $1,200,000 179   Analysis By Area Duck Oceanside 179 $119,273,448 $666,332 $565,000 122 Duck Westside 31 $18,238,799 $588,348 $524,000 123 Totals 210 $137,512,247 $654,820 $565,000 122   Non Co-op Sales 37 $28,732,182 $776,545 $585,000 90 Co-op Sales 173 $108,780,065 $628,787 $565,000 128 Total Sales 210 $137,512,247 $654,820 $565,000 122   Homes In Duck NC Sold During 2019   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 1 $2,300,000 $2,300,000 $2,300,000 217 C... 01/08/2021

Homes In Kitty Hawk NC Sold During 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 1 $480,000 $480,000 $480,000 211 Conventional 141 $66,039,389 $468,364 $415,000 60 FHA 2 $636,000 $318,000 $318,000 132 VA 4 $1,586,000 $396,500 $353,500 66 Cash 34 $18,195,550 $535,163 $439,500 54 Jumbo Loan 2 $1,685,000 $842,500 $842,500 147   Analysis By Area Duck Oceanside 4 $3,080,000 $770,000 $740,000 15 Duck Westside 1 $279,000 $279,000 $279,000 3 Southern Shores Westside 5 $2,652,500 $530,500 $488,500 35 Martins Point 24 $18,472,750 $769,698 $692,500 129 Kitty Hawk Oceanside 7 $3,554,650 $507,807 $510,000 49 Kitty Hawk between Hwys 47 $22,356,625 $475,673 $410,000 68 Kitty Hawk Westside 96 $38,226,414 $398,192 $372,450 46 Totals 184 $88,621,939 $481... 01/08/2021

Homes In Kill Devil Hills NC Sold During 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 2 $772,000 $386,000 $386,000 154 Conventional 366 $129,664,378 $354,274 $326,000 72 FHA 27 $7,420,116 $274,819 $255,000 63 VA 27 $8,940,550 $331,131 $319,900 60 Cash 75 $26,677,650 $355,702 $322,500 59 Owner Finance 2 $866,000 $433,000 $433,000 518 Jumbo Loan 2 $3,235,000 $1,617,500 $1,617,500 283 USDA 5 $1,157,900 $231,580 $238,000 51   Analysis By Area Kill Devil Hills Oceanside 29 $16,731,834 $576,960 $399,500 168 Kill Devil Hills b/w Hwys 101 $40,148,650 $397,511 $352,500 63 Kill Devil Hills Westside 235 $76,029,062 $323,528 $319,000 54 Colington Harbor 104 $33,088,950 $318,163 $290,000 73 Colington 37 $12,735,098 $344,192 $311,000 130 Totals 506 ... 01/08/2021

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 Avalon Beach Real Estate Sold June 1, 2020 Through Sept 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 10 $3,089,500 $308,950 $317,500 52 VA 1 $165,000 $165,000 $165,000 119   Analysis By Area Kill Devil Hills Oceanside 1 $379,000 $379,000 $379,000 2 Kill Devil Hills b/w Hwys 2 $680,000 $340,000 $340,000 52 Kill Devil Hills Westside 8 $2,195,500 $274,438 $267,450 66 Totals 11 $3,254,500 $295,864 $310,000 58   Non Co-op Sales 2 $669,000 $334,500 $334,500 83 Co-op Sales 9 $2,585,500 $287,278 $289,900 52 Total Sales 11 $3,254,500 $295,864 $310,000 58   Sold Market Avalon Beach Real Estate Sold June 1, 2019 Through Sept 1, 2019   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventi... 10/04/2020

Sold Market Outer Banks Homes Sales June 1, 2020 Through Sept 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 7 $4,586,500 $655,214 $614,000 76 Conventional 596 $269,430,439 $452,064 $400,000 123 FHA 13 $3,671,850 $282,450 $262,000 53 VA 19 $6,642,500 $349,605 $334,000 72 Cash 159 $65,969,113 $414,900 $365,000 138 Owner Finance 8 $2,876,000 $359,500 $394,000 320 Private 1 $212,500 $212,500 $212,500 91 Jumbo Loan 22 $36,318,500 $1,650,841 $1,679,500 222 USDA 2 $366,000 $183,000 $183,000 3   Analysis By Area 4-Wheel Drive Area 11 $5,391,699 $490,154 $415,000 130 Corolla Oceanside 136 $97,049,751 $713,601 $502,500 166 Corolla Westside 36 $18,134,420 $503,734 $469,000 104 Duck Oceanside 81 $36,794,119 $454,248 $480,000 171 Duck Westside 14... 10/04/2020

  Sold Market Colington Harbour Real Estate Sold June 1, 2019 Through Sept 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 28 $8,443,397 $301,550 $290,000 87 FHA 3 $820,500 $273,500 $267,000 105 Cash 8 $2,652,250 $331,531 $359,375 182 USDA 1 $216,000 $216,000 $216,000 8   Analysis By Area Colington Harbor 39 $11,783,397 $302,138 $290,000 102 Colington 1 $348,750 $348,750 $348,750 244 Totals 40 $12,132,147 $303,304 $290,000 106 LOTS/LAND Conventional 1 $76,000 $76,000 $76,000 119 Cash 4 $359,500 $89,875 $88,750 123   Analysis By Area Colington Harbor 5 $435,500 $87,100 $76,000 122 Totals 5 $435,500 $87,100 $76,000 122   Non Co-op Sales 3 $899,500 $299,833 $267,000 28 Co-op Sales 42 $11,668,147 $277,813 $256,475 113 Total Sales 45 ... 09/23/2020

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 Manteo Real Estate Sold June 1, 2020 Through Sept 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 44 $18,175,572 $413,081 $363,750 96 FHA 1 $383,000 $383,000 $383,000 3 VA 1 $262,500 $262,500 $262,500 8 Cash 17 $6,837,901 $402,229 $319,000 99 Owner Finance 1 $535,000 $535,000 $535,000 155 USDA 1 $180,000 $180,000 $180,000 0   Analysis By Area Manteo-S. of Airport Road 29 $10,463,722 $360,818 $325,000 76 Manteo-N. of Airport Road 5 $2,319,500 $463,900 $530,000 123 Wanchese 3 $393,001 $131,000 $75,001 170 Pirates Cove 28 $13,197,750 $471,348 $381,125 98 Totals 65 $26,373,973 $405,753 $355,000 94 LOTS/LAND Other 3 $234,000 $78,000 $61,000 82 Cash 8 $771,750 $96,469 $65,500 228   Analysis By Area Manteo-S. of Airport Roa... 09/23/2020

Sold Market Colington Real Estate Sold June 1, 2020 Through Sept 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 37 $11,907,780 $321,832 $311,000 107 FHA 4 $809,500 $202,375 $226,250 72 VA 5 $1,590,000 $318,000 $302,000 63 Cash 8 $2,941,800 $367,725 $381,950 82 Owner Finance 2 $866,000 $433,000 $433,000 518   Analysis By Area Colington Harbor 40 $12,198,800 $304,970 $277,500 89 Colington 16 $5,916,280 $369,768 $349,240 169 Totals 56 $18,115,080 $323,484 $306,500 112 LOTS/LAND Conventional 1 $74,000 $74,000 $74,000 5 Cash 7 $652,000 $93,143 $115,000 128   Analysis By Area Colington Harbor 5 $452,500 $90,500 $115,000 124 Colington 3 $273,500 $91,167 $76,000 94 Totals 8 $726,000 $90,750 $95,500 113   Non Co-op Sales 8 $2,396,000 $2... 09/23/2020

Sold Market Duck NC Real Estate Sold June 1, 2010 Through Sept 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 1 $775,000 $775,000 $775,000 16 Conventional 47 $25,287,076 $538,023 $530,000 156 Cash 40 $6,929,443 $173,236 $33,346 190 Jumbo Loan 6 $7,353,000 $1,225,500 $970,000 217   Analysis By Area Duck Oceanside 81 $36,794,119 $454,248 $480,000 171 Duck Westside 13 $3,550,400 $273,108 $29,500 181 Totals 94 $40,344,519 $429,197 $437,500 172 LOTS/LAND Conventional 3 $735,000 $245,000 $275,000 421 Cash 1 $975,000 $975,000 $975,000 0   Analysis By Area Duck Oceanside 3 $1,435,000 $478,333 $340,000 256 Duck Westside 1 $275,000 $275,000 $275,000 496 Totals 4 $1,710,000 $427,500 $307,500 316   Non Co-op Sales 36 $8,629,943 $239,721 $33,346 1... 09/23/2020

Sold Market Southern Shores Real Estate Sold June 1, 2020 Through Sept 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 31 $15,198,400 $490,271 $480,000 130 FHA 1 $332,500 $332,500 $332,500 114 Cash 5 $3,860,000 $772,000 $670,000 174 Jumbo Loan 1 $1,891,000 $1,891,000 $1,891,000 437   Analysis By Area Southern Shores Oceanside 13 $8,696,000 $668,923 $510,000 178 Southern Shores Westside 25 $12,585,900 $503,436 $485,000 126 Totals 38 $21,281,900 $560,050 $492,500 144 LOTS/LAND Conventional 2 $348,450 $174,225 $174,225 153 Cash 8 $1,494,001 $186,750 $149,500 86   Analysis By Area Southern Shores Oceanside 1 $135,000 $135,000 $135,000 213 Southern Shores Westside 9 $1,707,451 $189,717 $152,500 86 Totals 10 $1,842,451 $184,245 $149,5... 09/23/2020

Sold Market Kitty Hawk Real Estate Sold June 1, 2020 Through Sept 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 46 $21,178,315 $460,398 $398,000 82 FHA 1 $360,000 $360,000 $360,000 134 VA 2 $879,000 $439,500 $439,500 59 Cash 9 $4,066,500 $451,833 $437,500 99 Jumbo Loan 1 $875,000 $875,000 $875,000 222   Analysis By Area Duck Westside 1 $279,000 $279,000 $279,000 3 Martins Point 10 $7,402,750 $740,275 $654,250 187 Kitty Hawk between Hwys 17 $8,347,500 $491,029 $437,500 111 Kitty Hawk Westside 31 $11,329,565 $365,470 $365,000 45 Totals 59 $27,358,815 $463,709 $410,000 87 LOTS/LAND Cash 3 $526,250 $175,417 $140,000 475   Analysis By Area Martins Point 1 $265,000 $265,000 $265,000 424 Kitty Hawk Westside 2 $261,250 $130,625 $130,6... 09/23/2020

Sold Market Kill Devils Hills Real Estate Sold June 1, 2020 Through Sept 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 1 $310,000 $310,000 $310,000 143 Conventional 119 $40,668,028 $341,748 $325,000 75 FHA 9 $2,406,350 $267,372 $255,000 47 VA 9 $2,785,000 $309,444 $302,000 52 Cash 24 $11,091,000 $462,125 $370,000 88 Owner Finance 2 $866,000 $433,000 $433,000 518 Jumbo Loan 1 $2,560,000 $2,560,000 $2,560,000 94 USDA 1 $186,000 $186,000 $186,000 6   Analysis By Area Kill Devil Hills Oceanside 10 $7,201,500 $720,150 $389,250 120 Kill Devil Hills b/w Hwys 36 $13,445,300 $373,481 $324,950 71 Kill Devil Hills Westside 64 $22,110,498 $345,477 $330,000 49 Colington Harbor 40 $12,198,800 $304,970 $277,500 89 Colington 16 $5,916,280 $369,768 $... 09/23/2020