May 2018 MLS Statistical Report

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1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec January February March April May June July August Septem October Novem Decemb Days on Market The graph on the right illustrates the drastic decline in the in Days on the Market for residential properties. The decline started in April / May of 217 and continues through today. Interesting! May 218 MLS Statistical Report Average Days on Market Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year over Year Sales For the last four years, residential property sales continue trending upwards although sales for 218 are slightly below 217. The decline is most likely due to the cold spring and increasing interest rates YOY Sales Comparison Under Contract Listings placed in an Under-Contract status have been steadily increasing. Not a record year so far but definitely a good year Year to Year Under Contract Data Obtained: June Note: This report reflects corrections / updates to previous data

2 Total Property Sales Sales 3 Year Snapshot View 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 791 $328,368,498 $41,13 $322, $316,697,794 $393,413 $31, 113 (14) -2% $11,67,74 4% $21,717 6% $12, 4% 1 % 178 $23,12,33 $129,788 $89, $2,627,96 $114,79 $74, 824 (2) -1% $2,474,739 12% $1,29 13% $1,2 21% (116) -14% 1 $4,98,12 $49,812 $36, 14 $4,318, $38,464 $314,87 67 (4) -29% $89,62 14% $182,348 9% $41,62 13% (17) -2% 979 $36,378,98 $364,23 $29, $341,643,89 $341,98 $279, 244 (2) -2% $14,73,68 4% $22,38 6% $16,187 6% (132) -%

3 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 May-18 Residential Property Sales Average DOM 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) Residential Inventory Total Active Inventory Commercial Listings Residential Listings Land Listings Year to Date Comparison - Residential Property Qty Sold % Chg Volume Sold % Chg Average Sale % Chg Median Sale % Chg Single Family Detached One year Ago 67 $3,889,114 $44,761 $34, 699 $288,826,29 $413,198 $32, (24) -3% $12,63,8 4% $32,63 8% $2, 6% Condominium One Year Ago 96 $23,62,184 $246,9 $243,87 8 $19,488,448 $243,6 $2,9 16 2% $4,136,736 21% $2,49 1% ($7,7) -3% All Residential One Year Ago 791 $328,368,498 $41,13 $322, 8 $316,697,794 $393,413 $31, (14) -2% $11,67,74 4% $21,717 6% $12, 4%

4 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-1 Jun-1 Sep-1 Dec-1 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 $1,, $1,, $,, $ Land Sales Lots / Land vs Total Sale Price Total Sale Price Lot / Land Avg vs Median Sale Price $4, $3, $2, $1, $ Average Sale Price Median 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 16 $19,961,3 $124,76 $89,2 161 $18,47,96 $114,329 $7, (1) -1% $1,3,939 8% $1,427 9% $14,2 19% 178 $23,12,33 $129,788 $89,2 18 $2,627,96 $114,79 $74, (2) -1% $2,474,739 12% $1,29 13% $1,2 21%

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 Owned 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 $1,19, $33,8 $26, 14 $6,2, $428,714 $327, (9) -64% ($4,483,) -7% ($124,914) -29% ($67,) -21% 27 $7,87,67 $262,6 $2,3 4 $8,824,631 $22,61 $18,9 (13) -33% ($1,736,961) -2% $41,891 19% $19,3 1% 32 $8,66,67 $66,36 $46,3 4 $14,826,631 $649,329 $13,4 (22) -41% ($6,219,961) -42% ($83,23) -13% ($48,1) -9%

6 KDH - UnIncorporated - 18 April 218 New Construction Building Permit Value Roanoke Island -18 Hatteras Island -18 Duck - 18 Kitty Hawk-18 Kill Devil Hills -18 Nags Head-18 Southern Shores-18 Manteo - 18 $ $1,, $2,, $3,, $4,, $,, $6,, $7,, $8,, 218 Total 217 Total Kill Devil Hills - 18 Kill Devil Hills - 17 KDH - UnIncorporated - 18 KDH - UnIncorporated -17 Roanoke Island - 18 Roanoke Island -17 Hatteras Island - 18 Hatteras Island - 17 Southern Shores - 18 Southern Shores - 17 Nags Head - 18 Nags Head - 17 Kitty Hawk - 18 Kitty Hawk - 17 Duck -18 Duck - 17 Manteo-18 Manteo Number of Building Permits

7 Sales By Area Corolla 3 Residential $47, -2% 21 $493,9 % 216 $42, -14% 217 $477, 12% 218 $499,9 *218 numbers reflect Year to Date values %

8 Town of Duck 2 Residential $11,2 2% 21 $442, -14% 216 $477, 8% 217 $466, -2% 218 $487,2 *218 numbers reflect Year to Date values %

9 Town of Southern Shores Residential $43, 2% 21 $36, -16% 216 $422, 17% 217 $42, -1% 218 $39, *218 numbers reflect Year to Date values -6%

10 Town of Kitty Hawk Residential $28, 9% 21 $39, 8% 216 $3, -1% 217 $31, 2% 218 $34, *218 numbers reflect Year to Date values 1%

11 2 Colington Residential $214, % 21 $239, 12% 216 $234, -2% 217 $2, 9% 218 $27, 8% *218 numbers reflect Year to Date values

12 Town of Kill Devil Hills 4 Residential $239, 12% 21 $236, -1% 216 $268, 14% 217 $27, 2% 218 $283,7 *218 numbers reflect Year to Date values 3%

13 Town of Nags Head 3 Residential $3, 4% 21 $363, 4% 216 $382, % 217 $384, 1% 218 $38, *218 numbers reflect Year to Date values %

14 Hatteras Island 3 Residential $263,77-9% 21 $262,2-1% 216 $271, 3% 217 $3, 13% 218 $3, *218 numbers reflect Year to Date values %

15 Roanoke Island 2 Residential $26, 17% 21 $24,1-6% 216 $26, 8% 217 $283,3 7% 218 $26,7 *218 numbers reflect Year to Date values -6%

16 Currituck Mainland 3 Residential $21, 7% 21 $221,2 % 216 $238, 8% 217 $239,9 1% 218 $2, *218 numbers reflect Year to Date values 4%

17 Jun-13 Aug-13 Oct-13 Dec-13 Feb-14 Apr-14 Jun-14 Aug-14 Oct-14 Dec-14 Feb-1 Apr-1 Jun-1 Aug-1 Oct-1 Dec-1 Feb-16 Apr-16 Jun-16 Aug-16 Oct-16 Dec-16 Feb-17 Apr-17 Jun-17 Aug-17 Oct-17 Dec-17 Feb-18 Apr-18 Ocracoke Island Ocracoke Island $287, 2% 21 $274, -% 216 $312,812 14% 217 $31, 1% 218 $268,7 *218 numbers reflect Year to Date values -13%