We are pleased to announce that our fourth quarter Outer Banks Real Estate Market Report is now available on the Coldwell Banker Seaside Realty website.
The report that compiles an extensive amount of Northeastern North Carolina real estate information is something we create in-house and share with our agents, clients, and the general public four times a year.
The Market Report contains a plethora of information including the number of homes sold, average sales price, and number of days on the market to name a few. The data is based on information obtained from the Outer Banks Associate of REALTORS® MLS, as well as Seaside Realty sales data.
Pamela Smith, Vice President of Sales and Relocation at Seaside Realty said, “The fourth quarter Market report shows that the number of residential property sold in 2013 was down slightly compared to last year, and the total volume sold was down by seven percent.”
Some key points of the Market Report include:
- Distressed home sales were down 21 percent.
- The average listing price on the Outer Banks was $372,692 and the average sales price was $349,544.
- The most expensive home sold on the Outer Banks during 2013 was an oceanfront house located in Duck, North Carolina that sold for $3,175,000.
- Kill Devil Hills, North Carolina had the most sales transactions during 2013 with 288 total units sold.
“Both the average sale and media sale price in our area decreased during 2013. This is good news for buyers as indicates that now is still a good time to buy on the Outer Banks of North Carolina,” continued Smith. “Seaside Realty is the only real estate firm on the OBX that compiles a comprehensive, multi-page market report that’s free to the public.”
You can view the full fourth quarter Outer Banks Real Estate Market report by visiting our website, cbseaside.com.