September 2017 MLS Statistical Report. Residential Inventory

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1 September 217 MLS Statistical Report Residential Inventory Summary Inventories: Residential inventory is down 1%, Lots / Land inventory is down 13% and commercial inventory was down 22%. Median Home Price: The median price for a single-family detached home in 217 is up 2% and the median price for a condominium is up % in 217. Average Home Price: The average price for a single-family detached home in 217 is up 4% and the average price for a condominium is down 1% in 217. Total Sales: Total September residential sales - 18 Units ( Units). Total September residential volume Sold - $9,764,19 (216 - $,92,776). Under-contract: Units listed as under contract increased by 6% (442 vs 419 Units) from August 217. New Construction: As of August 217, the number of new construction building permits were down 16% from 216 (184 units vs 22 units). Total building permit value for 217 is down by 21% from 216. Days on the Market: For all residential properties listed in the MLS, the average Days on the Market (Y-O-Y) is down by 39% (124 vs 23). It should also be noted that for the 8 properties that were listed and sold since January 1, 217 the average days on the market is just 46 days. Distressed Sales: Distressed sales rose slightly in September and accounted for 9% of the total residential unit sales. Total volume sold was up by 3%. Data Obtained: October 6, 217 Note: This report reflects corrections / updates to previous data.

2 Total Property Sales Current Year Performance Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Sold Residential Sold Land Sold Commercial Residential One year Ago Lots / Land One Year Ago Commercial One Year Ago All Classes One Year Ago Year to Date Comparison Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale % Chg Qty Active % Chg 1484 $74,61,3 $387,27 $312, $49,287,882 $371,2 $296, % $79,327,423 16% $16,2 4% $16, % (18) -1% 4 $43,362,63 $18,46 $7, $,336,29 $133,164 $72, % ($6,973,629) -14% ($24,78) -19% $3,2 4% (118) -13% 16 $,32, $334,31 $314, $1,149,17 $721,381 $4, 73 () -24% ($9,796,17) -6% ($386,8) -4% ($13,12) -3% (16) -22% 19 $623,33,43 $328,68 $274, $6,773,18 $326,613 $26, % $62,7,277 11% $1,4 % $9,2 3% (292) -11%

3 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Residential Property Sales Average Days on Market Absorption Rate in Weeks Absorption Rate Definition: The number of weeks it takes to sell the current inventory at the present rate of sales OR Total Active Listings ((Units sold last month * 12 months) / 2 weeks) Month to Month Unit Sales Comparison - Total Sales 1 Residential Sales by Price Range $7, and Above Year to Date Comparison - Residential Property Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale % Chg Single Family Detached One year Ago 127 $17,411,173 $4,812 $322, 113 $441,88,174 $391,44 $31, % $7,3,999 17% $14,768 4% $7,12 2% Condominium One Year Ago 11 $38,247,116 $23,292 $2, 13 $34,649,179 $26, $239, 16 12% $3,97,937 1% ($2,78) -1% $11, % All Residential One Year Ago 1484 $74,61,3 $387,27 $312, 133 $49,287,882 $371,2 $296, % $79,327,423 16% $16,2 4% $16, %

4 Oct-14 Jan-1 Apr-1 Jul-1 Oct-1 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 1 Land By Type Land Sales $4, $3, Lot / Land Ave vs Median Sale Price Residential Commercial / Industrial Boatslip Acreage $2, $1, $ Average Sale Price Median Sale Price $1,, $1,, $,, $ Lots / Land vs Total Sale Price Total Sale Price Land - Residential One Year Ago Increase / Decrease All Land One year Ago Year to Date Comparison - Land Listings Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale % Chg 33 $37,827,49 $17,16 $7, 344 $41,621,61 $12,993 $74,7 9 3% ($3,794,12) -9% ($13,833) -11% $3 % 4 $43,362,63 $18,46 $7,7 378 $,336,29 $133,164 $72, 22 6% ($6,973,629) -14% ($24,78) -19% $3,2 4%

5 Distressed Properties (Residential) Dare County Foreclosures Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Residential - Short Sale One year Ago Residential - Bank Ow ned One Year Ago All Residential - Distressed One Year Ago Year to Date Comparison - Distressed Properties Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale % Chg 22 $9,681,7 $44,77 $321, 24 $12,7,8 $2,48 $32, (2) -8% ($2,376,1) -2% ($62,331) -12% $18, 6% 63 $1,839,737 $21,424 $21,1 7 $1,96,222 $273,617 $23, 6 11% $243,1 2% ($22,193) -8% ($1,89) -1% 8 $2,21,437 $691,1 $22,1 81 $27,64,22 $776,2 $, 4 % ($2,132,8) -8% ($84,24) -11% $16,6 3%

6 Y-O-Y Total Building Permit Comparision as of August 217 $14,, $12,, $1,, $8,, $6,, $4,, $2,, $ Total Building Permits Total 216 Total Kill Devil Hills - 17 Kill Devil Hills - 16 KDH - UnIncorporated - 17 KDH - UnIncorporated -16 Roanoke Island - 17 Roanoke Island -16 Hatteras Island - 17 Hatteras Island - 16 Southern Shores - 17 Southern Shores - 16 Nags Head - 17 Nags Head - 16 Kitty Hawk - 17 Kitty Hawk - 16 Duck -17 Duck - 16 Manteo-17 Manteo

7 Sales By Area Corolla 3 Residential $48, -4% 214 $47, -2% 21 $493,9 % 216 $42, -14% 217 $478,7 *217 numbers reflect Year to Date values 13%

8 Town of Duck 2 Residential $499,9 4% 214 $11,2 2% 21 $442, -14% 216 $477, 8% 217 $489, *217 numbers reflect Year to Date values 3%

9 Town of Southern Shores Residential $42, % 214 $43, 2% 21 $36, -16% 216 $422, 17% 217 $422, *217 numbers reflect Year to Date values %

10 Town of Kitty Hawk Residential $262, -1% 214 $28, 9% 21 $39, 8% 216 $3, -1% 217 $311, *217 numbers reflect Year to Date values 2%

11 Colington 2 Residential $21, % 214 $214, % 21 $239, 12% 216 $234, -2% 217 $249, 6% *217 numbers reflect Year to Date values

12 Town of Kill Devil Hills 4 Residential $214, No Change 214 $239, 12% 21 $236, -1% 216 $268, 14% 217 $269, *217 numbers reflect Year to Date values %

13 Town of Nags Head 3 Residential $33, -2% 214 $3, 4% 21 $363, 4% 216 $382, % 217 $381, *217 numbers reflect Year to Date values %

14 Hatteras Island 3 Residential $28, -3% 214 $263,77-9% 21 $262,2-1% 216 $271, 3% 217 $294, *217 numbers reflect Year to Date values 8%

15 Roanoke Island 2 Residential $222, -14% 214 $26, 17% 21 $24,1-6% 216 $26, 8% 217 $278,728 *217 numbers reflect Year to Date values %

16 Currituck Mainland 3 Residential $197, 9% 214 $21, 7% 21 $221,2 % 216 $238, 8% 217 $229, *217 numbers reflect Year to Date values -4%