COLDWELL BANKER SEASIDE REALTY What`s your home worth

MID-YEAR REVIEW
YTD Volume - Top Five Firm Ranking
$80,000,000
CBSeaside #1 in
Volume!
$70,000,000
$60,000,000
$50,000,000
The results for the first six months of 2016 are a bit mixed. Single family units are off slightly
but the sales volume, average sales price & median sales price have all increased over last year.
The average days on the market has decreased compared to last year, which is great news!
$40,000,000
Condo and townhouse sales increased over last year in both units & dollars.
$30,000,000
$20,000,000
Land unit sales and dollars increased as well but the average & median sales price has declined.
$10,000,000
$0
CBSeaside
#2
#3
#4
YTD Units Sold
106
#5
CBSeaside #1 in
CBSeaside #1 in
Units Sold!
Units Sold!!
241
122
136
CBSeaside
167
#2
#3
#4
#5
What’s your home worth today?
Use our seller tools to find out what
your home is worth in today’s market.
CBSeaside.com
Recap of property sold in Dare & Currituck County (January 1 – June 30)*
Single Family
Units
2016
709
2015
725
%
98%
Sales Volume
$293,055,895.00
$ 289,591,555.00
101%
Avg Sales Price
$413,336.00
$
399,436.00
103%
Median Sales Price
$330,000.00
$
302,000.00
109%
Avg Days on Market
204
218
94%
Condo/Townhouse
Units
2016
100
2015
87
%
115%
Sales Volume
Avg Sales Price
$25,359,440.00
$253,594.00
$22,152,975.00
$254,631.00
114%
100%
Median Sales Price
$234,450.00
$237,500.00
99%
Avg Days on Market
198
212
93%
Land
Units
2016
217
2015
205
%
106%
Sales Volume
$25,502,049.00
$24,621,170.00
104%
Avg Sales Price
$117,520.00
$120,103.00
98%
Median Sales Price
$72,000.00
$76,000.00
95%
Avg Days on Market
302
241
125%
According to the Outer Banks Association of REALTORS, Residential property inventory is down
8% for the year and land inventory is down 10% (all counties).
Oceanfront: 54 oceanfront homes sold compared to 58 last year, Sales volume increased 5%,
Median Sales Price: $1,064,950 representing a 16% increase, 5 homes sold for over $2 million
and all were in Duck and Corolla.
Download the CBSeaside app to take
your search on the go and access
your saved homes
and searches from
anywhere!
CBSeaside.com
*Information taken from the Outer Banks Association of REALTORS® MLS for the period January 1, 2016
through June 30, 2016
COLDWELL BANKER SEASIDE REALTY
4900 N. Croatan Highway  Kitty Hawk, NC 27949
2503 N. Croatan Highway  Kill Devil Hills, NC 27949
918 C-Halstead Boulevard  Elizabeth City NC 27909
Contact Us: [email protected]
252-261-3800
252-480-4444
252-384-0566
www.CBSeaside.com
The OBX Market Report
2nd Quarter 2016
Page 2
MARKET RECAP - SOLD PROPERTIES
Based on information from the Outer Banks Association of REALTORS® MLS
for the period April 1 –June 30, 2016
DOM = Days on Market
Area
# Sold
Avg Sales Price
DOM
DUCK
Ocea nfront
Ocea ns i de
Soundfront
Sounds i de
5
31
3
2
$1,731,900
$555,862
$611,300
$432,000
276
196
439
239
Duck Total
41
$697,235
COROLLA
Ocea nfront*
Ocea ns i de
Soundfront
Sounds i de
Corolla Total
15
62
7
23
107
4-WHEEL DRIVE
Ocea nfront
Other
Total 4-Wheel Drive
% to List Price
Price Range
86%
91%
89%
95%
Low
$1,055,000
$320,000
$499,900
$425,000
Hi gh
$2,275,000
$930,000
$834,000
$439,000
225
91%
$320,000.00
$2,275,000.00
$1,572,923
$532,932
$629,164
$417,108
$660,124
284
232
276
227
242
90%
91%
90%
92%
91%
$905,000
$305,000
$508,000
$375,000
$260,000
$2,500,000
$921,530
$7,500,000
$547,500
$2,500,000
5
9
14
$632,300
$294,988
$415,457
280
386
349
86%
83%
84%
88%
$245,000
$100,000
$100,000
$1,250,000
$519,900
$1,250,000
SOUTHERN SHORES
Ocea nfront
Ocea ns i de
Sound/Ca na l front
Wes ts i de
Southern Shores Total
1
4
7
22
34
$1,275,000
$709,875
$454,814
$399,372
$473,070
49
173
215
251
148
92%
93%
90%
92%
92%
$0
$340,000
$360,000
$180,000
$180,000
$1,275,000
$1,275,000
$695,000
$895,000
$1,275,000
KITTY HAWK
Ocea nfront
Between the hi ghwa ys
Ca na l front
Wes ts i de
Kitty Hawk Total
0
11
3
18
32
$0
$308,261
$373,333
$342,277
$333,496
0
151
119
154
149
0%
92%
92%
93%
93%
$0
$193,000
$325,000
$205,000
$193,000
$0
$525,000
$445,000
$560,000
$560,000
MARTIN'S POINT
Sound/Creek
Interi or
Total
1
2
3
$800,000
$385,250
$992,625
267
48
291
81%
94%
$0
$375,000
$375,000
$800,000
$395,500
$997,750
KILL DEVIL HILLS
Ocea nfront
Between hi ghwa ys
Sound/Ca na l front
Wes ts i de
Kill Devil Hills Total
2
31
1
73
107
$900,000
$319,900
$392,850
$256,258
$293,541
192
196
67
177
179
93%
95%
90%
93%
94%
$900,000
$197,400
$392,850
$140,000
$140,000
$900,000
$440,000
$392,850
$450,000
$900,000
COLINGTON HARBOUR
Sound/ca na l front
Other
Col i ngton
Colington Harbour Total
18
24
9
51
$265,511
$206,220
$226,232
$230,678
158
119
221
150
93%
96%
92%
94%
$136,000
$135,000
$62,000
$62,000
$470,000
$357,500
$290,000
$470,000
NAGS HEAD
Ocea nfront
Between hi ghwa ys
Sound/Ca na l front
Wes ts i de
Nags Head Total
9
25
7
32
73
$112,111
$470,604
$420,714
$330,757
$505,772
297
197
193
194
204
94%
94%
93%
93%
93%
$595,000
$168,500
$250,000
$175,000
$168,500
$1,638,000
$795,000
$685,000
$699,000
$1,638,000
SOUTH NAGS HEAD
Ocea nfront
Ocea ns i de
Wes ts i de
S. Nags Head Total
7
2
11
20
$894,214
$402,000
$417,181
$582,625
193
150
204
195
91%
96%
93%
93%
$268,500
$382,000
$179,000
$179,000
$1,325,000
$422,000
$870,000
$1,325,000
The OBX Market Report
2nd Quarter, 2016
Page 3
MARKET RECAP - SOLD PROPERTIES
Based on information from the Outer Banks Association of REALTORS® MLS
for the period January 1 - June 30, 2016
DOM = Days on Market
Price Range
# Sold
Avg Sales Price
DOM
% to List Price
MANTEO
Canal front
Other
Manteo Total
3
38
41
16
$633,333
$289,740
$314,881
160
171
171
98%
96%
96%
Low
$525,000
$92,500
$92,500
Hi gh
$795,000
$719,000
$795,000
PIRATE'S COVE
3
$688,333
163
87%
$530,000
$920,000
RODANTHE/WAVES/SALVO
Oceanfront
Oceans i de
Soundfront
Sounds i de
Rodanthe/Waves/Salvo Total
4
25
0
5
34
$475,000
$310,036
$365,500
$337,600
209
187
325
209
94%
92%
100%
90%
92%
$295,000
$120,000
$364,000
$190,000
$120,000
$1,575,000
$750,000
$550,000
$478,000
$1,575,000
AVON
Oceanfront
Oceans i de
Soundfront
Sounds i de
Avon Total
4
11
2
18
35
$765,000
$255,536
$357,375
$281,019
$332,686
216
369
786
305
342
95%
91%
80%
88%
89%
$535,000
$142,800
$314,750
$107,000
$107,000
$1,230,000
$487,104
$400,000
$475,000
$1,230,000
BUXTON/FRISCO/HATTERAS
Oceanfront
Oceans i de
Soundfront
Sounds i de
Buxton/Frisco/Hatteras Total
2
17
4
13
36
$685,000
$257,076
$345,500
$272,000
$296,063
378
183
458
279
259
87%
91%
89%
91%
91%
$440,000
$90,000
$235,000
$140,100
$90,000
$930,000
$479,000
$435,000
$600,000
$930,000
CURRITUCK MAINLAND
Jarvi s burg to Popl ar Branch
Pt. Harbor to Powel l s Poi nt
Aydl ett to Barco
Mapl e to Moyock
Currituck Mainland Total
23
12
4
35
74
$189,016
$340,325
$307,000
$306,464
$275,480
179
110
207
180
170
91%
95%
94%
95%
94%
$45,000
$130,000
$200,000
$204,074
$45,000
$342,000
$910,000
$500,000
$490,000
$910,000
Area
What Makes a Home “Smart”?
must also include at least two additional features from this list:

Lighting (smart light bulbs and lighting systems)
As demand has surged for connected home products, “smart
home” can no longer be just a buzzword. Coldwell Banker has
teamed up with technology juggernaut CNET to create a smart
home definition that is easy to understand and representative of
the best smart home technology.

Safety (smart fire/carbon monoxide detectors and nightlights)

Entertainment (smart TVs and TV streaming services)

Appliances (smart refrigerators and smart washer/dryers)
A smart home is a home that is equipped with networkconnected products (aka "smart products," connected via Wi-Fi,
Bluetooth or similar protocols) for controlling, automating and
optimizing functions such as temperature, lighting, security,
safety or entertainment, either remotely by a phone, tablet,
computer or a separate system within the home itself.

Heating/Cooling (smart HVAC system, smart fans or vents)

Outdoors (smart plant sensors and watering systems)

Security (smart locks, smart alarm systems or cameras)

Temperature (smart thermostats)
The property must have a
smart security feature that
either controls access or
monitors the property or a
smart temperature feature,
in addition to a reliable
internet connection. It
In 2014, smart home was a $74 billion industry. By 2020, it is
projected to reach nearly $400 billion. The smart home trend is
here to stay. And by clearly defining smart home, Coldwell
Banker affiliated agents will be put in the best position to recognize the technology and talk confidently about how it impacts
the pricing and marketing of a home.