According to data from the Outer Banks Association of REALTORS (R) MLS, 2016 was a year of market growth for the majority of Dare and Currituck County in the real estate sector. Land sales, however, showed a slight dip in median land sales with higher overall days on the market. There was a slight year-over-year increase in units sold and overall sales volume for land on the Outer Banks.

December was a great month in residential property sales throughout Dare and Currituck County with growth in all real estate categories. In 2016, residential property sales increased 2% with an increase in residential sales volume up 3%. Average residential sales price and median sales price showed a slight increase in single-family homes and condo/townhouse dwellings. Last year, the average sales price in our area was $376,299.

  • Distressed home sales now only represent 6% of the total market in Dare and Currituck County, which consists of 59 bank owned and 26 short sales.
  • 104 oceanfront homes sold in 2016, which was a 7% increase.
    • In 2016, 47 oceanfront homes sold for over $1 million.
    • 8 oceanfront homes sold for over $2 million.
    • The highest oceanfront sale was in Corolla, which sold for $2,825,000.
  • 94 soundfront homes sold in 2016, which was an 11% increase.
    • In 2016, 3 soundfront homes sold for over $1 million.

See Full Report Here: 2016 Market Report

Did you know over 650 Dare County property owners have home addresses in the Albemarle? I am here to assist property owners and buyers in both markets.

See the Albemarle Area Market Report Here: Albemarle Market Report

New for 2017! In partnership with Coldwell Banker Seaside Realty, I am now able to extend new listing resources such as Matterport: 3D Virtual Tour program to featured listings with a list price of $550,000 and above. In recent news, we have seen a rise in demand for Virtual Tours especially with our audience of out-of-state home buyers.

See what everyone is talking about! Take a Virtual Tour through this brand new oceanfront home custom built by The Coastal Cottage Company.

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See Virtual Tours for my Featured Properties for sale across the Outer Banks and Currituck County.

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