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Market Update-March 2021

 

The Outer Banks real estate market shattered every sales record in the book for 2020!! The number of properties sold in 2020 crushed 2019's record year by 786 properties with the average sold price up 16%. 2021 is on pace to break every record from last year and potentially be the best year ever. To say the market is hot is an understatement, it has gone nuclear!! It seems for every listing that hits the market we have 5-10 buyers making offers. The median days on market for a new listings in 2021 is an astounding 12!! Most of new listings have multiple offers in days and are selling at or above list price. The average sale price is already up 16% from 2020 and there does not seem to be any slowdown in sight. It seems we are entering a new era with COVID changing how people work and live. Without having to got into an office every day there is more flexibility to have a beach property to work from or visit. With Covid restricting air travel and changing how people vacation tourists are flocking to the Outer Banks in record numbers. Many rental companies are booked for the shoulder months adding more annual rental revenue to investment properties. The 2021 tourist season is predicted to be a record year. More and more people are discovering the Outer Banks and finding out how much cheaper it is to own a property compared to other vacation/resort destinations. With rental income up, tourist demand up, and low mortgage rates home affordability on the Outer Banks is the best it has been in years. Whether you are looking for a 2nd home, investment, primary, or retirement property now is a great time to own on the Outer Banks.

I need listings to sell!! If you know of anyone looking to sell on the Outer Banks please contact me.

 

Over the last 17yrs I rank in the top 10% of all Realtors on the Outer Banks in number of total sales and total volume sold. Contact me today to get the process started.

 

Matt Huband-Broker/Owner
252-480-9283
matt@obxrealtygroup.com 

 


Disclaimer: This representation is based in whole or in part on data supplied by, and to the Subscribers of the Outer Banks Association of REALTORS® Multiple Listing Service.  Information contained herein is deemed reliable but not guaranteed.  Data maintained by the OBAR MLS is for its own use and may not reflect all real estate activity in the market. Data provided from 2003 to 2021


Outer Banks Real Estate Statistics


For those of you that love numbers this page is for you!! Check back each month for the latest stats on the Outer Banks Real Estate Market. The information below is for the towns of Corolla, Duck, Southern Shores, Kitty Hawk, Kill Devil Hills, Nags Head, Rodanthe, Waves, Salvo, Avon, Buxton, Frisco, Hatteras, and Pirates Cove. The stats are for single family residential properties, condo’s, and townhouses. Land and commercial properties are NOT included in these stats.

Sold Listings 01/01/2021 to 03/31/2021

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
611 75 $510,000  $635,894 $3,500,00 $130,000

 

Sold Listings 01/01/2020 to 012/31/2020

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
2434 118 $440,000  $533,624 $5,000,000 $72,000

 

Sold Listings 1/01/2019 to 12/31/2019

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1648 126 $362,500  $448,294 $3,250,000 $49,000

 

Sold Listings 1/01/2018 to 12/31/2018

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1545 136 $350,000  $451,322 $5,100,000 $64,900

 

Sold Listings 01/01/2017 to 12/31/2017

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1544 163 $342,700  $424,263 $3,250,000 $42,000

 

Sold Listings 01/01/2016 to 12/31/2016

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1415 210 $325,000  $403,155 $2,825,000 $62,000

 

Sold Listings 01/01/2015 to 12/31/2015

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1350 225 $325,000  $412,791 $4.900,000 $30,500

 

Sold Listings 01/01/2014 to 12/31/2014

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1194 218 $319,500  $420,884 $5,000,000 $54,900

 

Sold Listings 01/01/2013 to 12/31/2013

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1163 236 $321,000  $402,890 $3,175,000 $23,000

 

Sold Listings 01/01/2012 to 12/31/2012

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1209 230 $330,000  $420,245 $3,750,000 $55,000 

 

Sold Listings 01/01/2011 to 12/31/2011

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1075 238 $315,000  $411,915 $2,820,000  $32,000 

 

Sold Listings 01/01/2010 to 12/31/2010

# of Sold  Listings Avg Days On Market Median Price Avg Price Max Price Min Price
1108 217 $335,000 $407,068 $3,650,000 $49,000

 

Sold Listings 01/01/2009 to 12/31/2009
 

# of Sold  Listings Avg Days On Market Median Price Avg Price Max Price Min Price
874 208 $340,000 $426,875 $3,100,000 $77,500


 Sold Listings 01/01/2008 to 12/31/2008
 

 # of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
802 210 $385,000 $483,712 $3,675,000 $92,450

 

Sold Listings 01/01/2007 to 12/31/2007
 

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
958 192 $405,00 $527,007 $4,500,000 $115,000

 

 

Sold Listings -1/01/2006 to 12/31/2006
 

# of Sold Listings Avg Days On Market Median Price Avg Price Max Price Min Price
982 163 $434,000 $556,090 $3,940,000 $129,000
 
 

Disclaimer: This representation is based in whole or in part on data supplied by, and to the Subscribers of the Outer Banks Association of REALTORS® Multiple Listing Service.  Information contained herein is deemed reliable but not guaranteed.  Data maintained by the OBAR MLS is for its own use and may not reflect all real estate activity in the market. Data provided from 2006 to 2021