2014 vs 2015 first half obx sound front properties

OBX Sound Front Property Overview – 2014 full year vs.

2015 First Half Includes: Duck, Southern Shores, Martin’s Point, Kitty Hawk, Kill Devil Hills, Colington, and Nags Head only

All data is courtesy of the Outer Banks Association of Realtor’s (OBAR) MLS

2014 full year vs. 2015 first Half - sound front home sales Measurement

Result

Total Units Sold 2014

39

Total Units Sold 2015 First Half

28

Total Sales Volume 2014

$18,979,806

Total Sales Volume 2015 First Half

$12,885,600

Total S.F. (HtdLv) Sold 2014

96,808

Total S.F. (HtdLv) Sold 2015 First Half

63,517

Average S.F. (HtdLv) 2014

2,482

Average S.F. (HtdLv) 2015 First Half

2,268

Average Sold Price 2014

$486,662

Average Sold Price 2015 First Half

$460,200

Cost/S.F. (HtdLv) 2014

$196

Cost/S.F. (HtdLv) 2015 First Half

$203

Average Days On Market (DOM) 2014

162

Average Days On Market (DOM) 2015 First Half

207

Original Price vs. Sold Price 2014

91%

Original Price vs. Sold Price 2015 First Half

88%

% difference

By City 2 Duck, 14 KDH, 14 KH, 7 NH, 2 SS

72%

7 Duck, 11 KDH, 4 KH, 6 NH $1,519,000 Duck, $6,047,729 KDH, $8,247,077 KH, $2,081,000 NH, $1,085,000 SS

68%

$4,023,000 Duck, $3,031,600 KDH, $3,572,000 KH, $1,524,000 NH 6.392 Duck, 37,034 KDH, 43,813 KH, 9,564 NH, 4,155 SS

66%

20,064 Duck, 20,202 KDH, 14,562 KH, 5,890 NH 3,196 Duck, 2,645 KDH, 3,130 KH, 1,366 NH, 2,078 SS

91%

2,866 Duck, 1,837 KDH, 3,641 KH, 982 NH $759,500 Duck, $432,981 KDH, $589,148 KH, $297,286 NH, $542,500 SS

95%

$574,714 Duck, $275,600 KDH, $893,000, $254,000 $238 Duck, $163 KDH, $188 KH $$218 NH, $261 SS

104%

$201 Duck, $151KDH, $245 KH, 259 NH 148 Duck, 150 KDH, 186 KH, 176 NH, 40 SS

128%

166 Duck, 190 KDH, 461 KH, 127 NH 89% Duck, 93% KDH, 89% KH, 90% NH, 96% SS

90%

All data is courtesy of the Outer Banks Association of Realtor’s (OBAR) MLS and includes: Duck, Southern Shores, Martin’s Point, Kitty Hawk, Kill Devil Hills, Colington, and Nags Head.

85% Duck, 91% KDH, 77% KH, 93% NH

2014 full year vs. 2015 first half - sound front land sales Measurement

Result

Total Units Sold 2014

9

Total Units Sold 2015 First Half

6

Total Sales Volume 2014

$2,267,500

Total Sales Volume 2015 First Half

$1,711,500

Total Acreage Sold 2014

5.8

Total Acreage Sold 2015 First Half

40.8

Average S.F. 2014

28,312

Average S.F. 2015 First Half *

296,484 (22,898 otherwise)

Average Lot Sold Price 2014

$251,944

Average Lot Sold Price 2015 First Half

$285,250

Cost/S.F. 2014

$8.90

Cost/S.F. 2015 First Half **

$.96 ($5.91 otherwise)

Average Days On Market (DOM) 2014

435

Average Days On Market (DOM) 2015 First Half

248

Original Price vs. Sold Price 2014

82%

Original Price vs. Sold Price 2015 First Half

88%

% difference

By City 1 Duck, 4 KDH, 1 KH, 1 NH, 2 SS

67%

4 KDH, 2 KH $492,500 Duck, $365,000 KDH, $245,000 KH, $225,000 NH, $940,000 SS

75%

$1,279,000 KDH, $432,500 KH .75 Duck, 2.99 KDH, .41 KH, .41 NH, 1.29 SS

703%

40 KDH, .62 KH 32,612 Duck, 32,500 KDH, 18,000 KH, 18,000 NH, 28,000 SS

81%

437,975 KDH, 13,500 KH

$492,500 Duck, $91,250 KDH, $245,000 KH, $245,000 NH, $470,000 SS

113%

$319,750 KDH, $216,250 KH $$15 Duck, $11 KDH, $14 KH, $13 NH, $34 SS

66%

$.73 KDH, $16 KH

360 Duck, 455 KDH, 215 KH, 719 NH, 401 SS

57%

250 KDH, 245 KH 90% Duck, 72% KDH, 89% KH, 103% NH, 84% SS

107%

*/** Driven by a 37.684 acreage sale or 1,641,515 S.F. for $900K All data is courtesy of the Outer Banks Association of Realtor’s (OBAR) MLS and includes: Duck, Southern Shores, Martin’s Point, Kitty Hawk, Kill Devil Hills, Colington, and Nags Head.

90% KDH, 85% KH