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 3 2 1 Average Days on Market Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 21 216 217 218 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. 3 2 1 YOY Sales Comparison 21 216 217 218 Under Contract Listings placed in an Under-Contract status have been steadily increasing. Not a record year so far but definitely a good year. 4 3 2 1 Year to Year Under Contract Data Obtained: June 6. 218 Note: This report reflects corrections / updates to previous data. 21 216 217 218
Total Property Sales Sales 3 Year Snapshot View 2 2 1 1 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, 114 8 $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 78 18 $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 $29,687 2272 999 $341,643,89 $341,98 $279, 244 (2) -2% $14,73,68 4% $22,38 6% $16,187 6% (132) -%
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 3 2 2 1 1 Average DOM 8. 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) 2 2 1 1 Residential Inventory 3 2 2 1 1 Total Active Inventory 21 216 217 218 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%
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 8 6 4 2 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%
Distressed Properties (Residential) Dare County Foreclosures 2 18 16 14 12 1 8 6 4 2 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 21 216 217 218 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%
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-17 218 Number of Building Permits 2 4 6 8 1 12
Sales By Area Corolla 3 Residential 3 2 2 1 1 214 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 2 24 23 21 218 1 11 2 22 3 13 214 $47, -2% 21 $493,9 % 216 $42, -14% 217 $477, 12% 218 $499,9 *218 numbers reflect Year to Date values %
Town of Duck 2 Residential 2 1 1 214 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 9 6 8 13 127 218 2 13 14 1 44 214 $11,2 2% 21 $442, -14% 216 $477, 8% 217 $466, -2% 218 $487,2 *218 numbers reflect Year to Date values %
Town of Southern Shores Residential 2 2 1 1 214 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 11 6 11 6 92 218 6 3 1 8 1 37 214 $43, 2% 21 $36, -16% 216 $422, 17% 217 $42, -1% 218 $39, *218 numbers reflect Year to Date values -6%
Town of Kitty Hawk Residential 2 18 16 14 12 1 8 6 4 2 214 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 9 1 6 97 218 1 6 11 12 11 214 $28, 9% 21 $39, 8% 216 $3, -1% 217 $31, 2% 218 $34, *218 numbers reflect Year to Date values 1%
2 Colington Residential 2 1 1 214 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 9 11 7 13 2 8 1 1 13 12 8 127 218 3 1 16 12 14 214 $214, % 21 $239, 12% 216 $234, -2% 217 $2, 9% 218 $27, 8% *218 numbers reflect Year to Date values
Town of Kill Devil Hills 4 Residential 3 3 2 2 1 1 214 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 32 17 26 3 37 218 24 18 32 2 31 13 214 $239, 12% 21 $236, -1% 216 $268, 14% 217 $27, 2% 218 $283,7 *218 numbers reflect Year to Date values 3%
Town of Nags Head 3 Residential 3 2 2 1 1 214 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 16 24 14 21 233 218 8 1 12 33 27 9 214 $3, 4% 21 $363, 4% 216 $382, % 217 $384, 1% 218 $38, *218 numbers reflect Year to Date values %
Hatteras Island 3 Residential 3 2 2 1 1 214 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 21 23 14 22 261 218 16 13 2 19 3 13 214 $263,77-9% 21 $262,2-1% 216 $271, 3% 217 $3, 13% 218 $3, *218 numbers reflect Year to Date values %
Roanoke Island 2 Residential 2 1 1 214 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 12 13 8 137 218 4 2 12 8 18 44 214 $26, 17% 21 $24,1-6% 216 $26, 8% 217 $283,3 7% 218 $26,7 *218 numbers reflect Year to Date values -6%
Currituck Mainland 3 Residential 2 2 1 1 214 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 1 2 18 8 186 218 8 4 11 1 11 49 214 $21, 7% 21 $221,2 % 216 $238, 8% 217 $239,9 1% 218 $2, *218 numbers reflect Year to Date values 4%
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 7 6 4 3 2 1 214 2 1 2 1 2 1 2 12 21 1 2 2 1 1 3 1 1 12 216 2 1 3 2 1 2 4 1 4 2 22 217 3 1 3 1 6 2 3 2 1 2 24 218 3 1 4 214 $287, 2% 21 $274, -% 216 $312,812 14% 217 $31, 1% 218 $268,7 *218 numbers reflect Year to Date values -13%