September 217 MLS Statistical Report Residential Inventory 2 2 1 1 21 216 217 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 (216-19 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.
Total Property Sales Current Year Performance 2 2 1 1 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, 1484 133 $49,287,882 $371,2 $296, 1642 149 11% $79,327,423 16% $16,2 4% $16, % (18) -1% 4 $43,362,63 $18,46 $7,7 764 378 $,336,29 $133,164 $72, 882 22 6% ($6,973,629) -14% ($24,78) -19% $3,2 4% (118) -13% 16 $,32, $334,31 $314,87 7 21 $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 $274,2 23 1734 $6,773,18 $326,613 $26, 297 166 1% $62,7,277 11% $1,4 % $9,2 3% (292) -11%
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 3 2 2 1 1 Average Days on Market 6. 4. 2.. 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) 214 21 216 217 Month to Month Unit Sales Comparison - Total Sales 1 Residential Sales by Price Range 3 1 2 1 214 21 216 217 $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 $31,37 14 13% $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, 149 11% $79,327,423 16% $16,2 4% $16, %
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 8 6 4 2 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%
Distressed Properties (Residential) Dare County Foreclosures 2 2 1 1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 214 21 216 217 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%
Y-O-Y Total Building Permit Comparision as of August 217 $14,, $12,, $1,, $8,, $6,, $4,, $2,, $ 211 212 213 214 21 216 217 Total Building Permits 1 1 2 2 217 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-16 7 7 28 27 26 19 24 33 2 16 13 3 13 18 18 46 4 184 22
Sales By Area Corolla 3 Residential 3 2 2 1 1 213 11 11 17 23 19 14 12 16 19 16 16 179 214 9 9 12 17 16 19 12 1 2 13 11 24 177 21 17 14 17 21 18 3 16 17 19 1 16 23 218 216 18 11 14 2 26 24 17 2 19 19 22 2 23 217 12 1 29 3 33 23 1 22 1 184 213 $48, -4% 214 $47, -2% 21 $493,9 % 216 $42, -14% 217 $478,7 *217 numbers reflect Year to Date values 13%
Town of Duck 2 Residential 2 1 1 213 7 8 6 14 13 7 6 8 8 6 7 9 214 6 9 9 17 11 4 6 3 9 4 13 96 21 8 6 7 1 12 1 7 8 11 2 7 12 1 216 6 2 12 9 1 1 6 6 7 9 2 17 217 7 8 14 19 14 6 12 11 8 99 213 $499,9 4% 214 $11,2 2% 21 $442, -14% 216 $477, 8% 217 $489, *217 numbers reflect Year to Date values 3%
Town of Southern Shores Residential 2 2 1 1 213 4 3 9 6 4 6 9 6 8 3 3 13 74 214 8 6 7 1 2 4 4 7 7 7 1 7 97 21 9 4 1 11 6 11 8 6 4 1 13 97 216 6 2 4 9 7 7 8 11 6 1 8 217 7 8 4 6 14 6 8 1 68 213 $42, % 214 $43, 2% 21 $36, -16% 216 $422, 17% 217 $422, *217 numbers reflect Year to Date values %
Town of Kitty Hawk Residential 2 18 16 14 12 1 8 6 4 2 213 6 7 1 1 9 11 6 4 7 9 11 9 214 4 2 8 11 1 6 9 1 11 7 93 21 6 9 19 6 12 1 11 8 11 216 7 6 8 8 6 12 7 6 9 8 11 93 217 6 11 4 9 8 8 8 1 8 72 213 $262, -1% 214 $28, 9% 21 $39, 8% 216 $3, -1% 217 $311, *217 numbers reflect Year to Date values 2%
Colington 2 Residential 2 1 1 213 7 7 8 4 12 4 8 8 6 4 4 77 214 6 2 4 13 8 2 8 3 1 11 6 11 84 21 6 11 12 13 9 16 7 14 9 7 114 216 11 7 8 11 1 8 8 9 14 12 1 14 122 217 6 8 11 7 13 2 8 1 9 92 213 $21, % 214 $214, % 21 $239, 12% 216 $234, -2% 217 $249, 6% *217 numbers reflect Year to Date values
Town of Kill Devil Hills 4 Residential 4 3 3 2 2 1 1 213 14 14 21 4 3 23 26 16 21 14 19 19 27 214 16 14 21 21 26 26 19 16 26 21 22 2 248 21 1 23 26 21 31 3 2 26 21 27 24 17 281 216 12 17 22 23 34 31 2 3 2 27 2 29 28 217 21 26 31 2 3 28 1 21 31 228 213 $214, No Change 214 $239, 12% 21 $236, -1% 216 $268, 14% 217 $269, *217 numbers reflect Year to Date values %
Town of Nags Head 3 Residential 3 2 2 1 1 213 1 1 16 2 11 2 2 22 7 17 1 173 214 14 7 8 18 22 12 12 1 23 18 16 1 18 21 11 12 14 2 32 18 8 14 14 19 16 19 197 216 12 12 23 22 22 1 16 9 2 13 12 11 187 217 14 19 1 32 11 3 12 2 14 172 213 $33, -2% 214 $3, 4% 21 $363, 4% 216 $382, % 217 $381, *217 numbers reflect Year to Date values %
Hatteras Island 3 Residential 3 2 2 1 1 213 12 1 18 2 17 18 16 17 16 14 1 14 187 214 11 14 13 12 22 22 13 1 19 2 18 29 28 21 13 13 18 19 2 17 26 18 22 26 12 16 22 216 1 14 16 23 26 26 27 2 18 13 1 27 24 217 2 12 19 27 2 33 21 24 2 21 213 $28, -3% 214 $263,77-9% 21 $262,2-1% 216 $271, 3% 217 $294, *217 numbers reflect Year to Date values 8%
Roanoke Island 2 Residential 2 1 1 213 4 8 9 9 1 8 19 1 6 1 6 2 11 214 11 8 7 13 11 8 14 14 11 9 6 117 21 2 2 1 1 3 19 11 8 16 1 11 13 12 216 6 7 9 11 11 2 2 22 13 13 11 6 149 217 3 1 17 6 1 13 13 13 14 14 213 $222, -14% 214 $26, 17% 21 $24,1-6% 216 $26, 8% 217 $278,728 *217 numbers reflect Year to Date values %
Currituck Mainland 3 Residential 2 2 1 1 213 1 7 17 11 2 21 18 19 14 11 13 166 214 9 1 1 1 19 24 14 14 11 11 9 9 1 21 8 8 16 1 2 22 27 1 9 18 16 1 184 216 16 1 14 9 14 17 17 14 17 12 14 11 16 217 9 1 1 16 23 16 14 22 13 138 213 $197, 9% 214 $21, 7% 21 $221,2 % 216 $238, 8% 217 $229, *217 numbers reflect Year to Date values -4%