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