June 2015 - MLS Statistical Report
Year to Year Sales Comparison - Total Sales
250
200
150
100
50
0
Jan Feb
2012
2013
Mar Apr
2014
May Jun
2015
Jul
Aug Sep
Oct
Nov
Dec
Summary
 Residential sales – Residential sales are doing well this year. So far the number of units sold is up
8% and the median sale price is up 5%. Single family detached sales are up 9% and the median
sale price is up 1%; however, the average sales price is down 7%. Condominiums are not doing
well with the number of unit sales down by 5%; however, the good news for condominium sales is
that the median sale price is up 5%.

Land Sales – Land sales continue to climb with overall unit sales up 9%. Residential land is up 9%
also. Total volume sold is up 5% while average sales price is down 3%.

Inventory – For the year, total inventory is down 10%. Commercial inventory is down 20%, land is
down 10% and residential property inventory is down 9%.

Foreclosures – There was a small increase in the number of Dare County foreclosure filings in
June with the numbers going from 7 units in May to 12 units in June; however, the June numbers
are still below the 2015 monthly average of 15 unit filings / month.

Distressed Property sales – Distressed property sales are down 25% this year with short sales
down 16% and bank owned property sales down by 30%. There was an increase in the number of
distressed property sales in June; however, for this report, the number is statistically insignificant.
Data Obtained: July 6, 2015
Note: This report reflects corrections / updates to previous data.
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.
Total Property Sales
Total Unit Sales
300
250
200
150
100
50
0
Residential
Land
Commercial
Total
Year to Date Comparison
Qty Sold
% Chg
Volume Sold
% Chg
Average Sale
% Chg
Median Sale
% Chg
Qty Active
% Chg
Residential
Current Period
864
$316,219,025
$365,994
$290,000
1902
One year Ago
797
$312,224,268
$391,749
$276,123
2095
Increase / (Decrease)
67
8%
$3,994,757
1%
($25,755)
-7%
$13,877
5%
(193)
-9%
Lots / Land
Current Period
217
One Year Ago
200
Increase / (Decrease)
17
$26,108,365
$120,315
$24,845,199
9%
$1,263,166
$75,000
$124,225
5%
($3,910)
1068
$75,000
-3%
$0
1190
0%
(122)
-10%
Commercial
Current Period
15
$3,208,100
$213,873
$130,000
101
One Year Ago
19
$6,039,900
$317,889
$220,000
127
Increase / (Decrease)
(4)
-21%
($2,831,800)
-47%
($104,016)
-33%
($90,000)
-41%
(26)
-20%
All Classes
Current Period
1096
One Year Ago
1016
Increase / (Decrease)
80
$345,535,490
$315,269
$343,109,367
8%
$2,426,123
$251,750
$337,706
1%
($22,437)
3071
$248,000
-7%
$3,750
3412
2%
(341)
-10%
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.
Residential Property Sales
Total Active Inventory including UC / SH
Listings
Single Family Residential
Median Sale Price / Units Sold
$400,000
5000
200
$350,000
4000
$300,000
150
3000
$250,000
$200,000
2000
100
1000
$150,000
$100,000
50
0
$50,000
$0
Jul-11
0
Jul-12
Jul-13
Jul-14
Median Price SFD
Units Sold
Commercial Listings
Land Listings
Residential Listings
Total
Absorption Rate in Weeks
Residential
Sold Price per Square Foot
150.00
200
150
100
50
0
100.00
2012
2013
December
October
2014
November
August
September
0.00
July
January
February
March
April
May
June
50.00
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) / 52 weeks)
2015
Year to Date Comparison - Residential Property
Qty Sold
% Chg
Volume Sold
% Chg
Average Sale
% Chg
Median Sale
% Chg
Single Family Detached
Current Period
752
$291,393,550
$387,491
$297,250
One year Ago
689
$291,315,143
$422,808
$295,425
Increase / (Decrease)
63
9%
$78,407
0%
($35,317)
-8%
$1,825
1%
Condominium
Current Period
69
One Year Ago
73
Increase / (Decrease)
(4)
$16,271,125
$235,813
$16,643,498
-5%
($372,373)
$225,900
$227,993
-2%
$7,820
$214,500
3%
$11,400
5%
All Residential
Current Period
864
$316,219,025
$365,994
One Year Ago
Increase / (Decrease)
797
67
$312,224,268
$3,994,757
$391,749
($25,755)
8%
1%
$290,000
-7%
$276,123
$13,877
5%
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.
Land Sales
Lots / Land by Type
Lots / Land
Units Sold vs Total Sale
80
70
$9,000,000
80
60
$8,000,000
70
$7,000,000
60
50
$6,000,000
40
50
$5,000,000
40
30
$4,000,000
20
$3,000,000
30
10
$2,000,000
20
0
$1,000,000
10
0
$0
Total Sale Price
Units Sold
Residential
Lots / Land
Average vs Median Sale
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
Average Sale Price
Median Sale Price
Year to Date Comparison - Land Listings
Qty Sold
% Chg
Volume Sold
% Chg
Average Sale
% Chg
Median Sale
% Chg
Land - Residential
Current Period
203
$23,964,865
$118,053
$75,000
One Year Ago
186
$22,289,599
$119,836
$76,500
Increase / Decrease
17
9%
$1,675,266
8%
($1,783)
-1%
($1,500)
-2%
All Land
Current Period
217
$26,108,365
$120,315
$75,000
One year Ago
200
$24,845,199
$124,225
$75,000
Increase / (Decrease)
17
9%
$1,263,166
5%
($3,910)
-3%
$0
0%
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.
Distressed Properties
(Residential)
Active Inventory vs. Sold
Residential Distressed Sales
250
200
40
150
20
100
Bank Owned Inventory
Total Distressed Sold
Jun-15
Apr-15
Dec-14
Feb-15
Oct-14
Jun-14
Aug-14
Feb-14
Apr-14
Potential Short Sale
Bank Owned
Foreclosures
Two Year Trend
Active Residential Distressed
Properties
150
Oct-13
Feb-13
Apr-13
Jun-13
Aug-13
Short Sale Inventory
Jun-15
Total Distressed Inventory
Apr-15
Feb-15
Oct-14
Dec-14
Aug-14
Apr-14
Jun-14
Feb-14
Oct-13
Dec-13
Jun-13
Aug-13
Feb-13
Apr-13
0
Dec-13
0
50
30
100
25
50
20
10
Jun-15
Apr-15
Feb-15
Dec-14
Oct-14
Jun-14
Aug-14
Apr-14
Feb-14
Oct-13
15
Dec-13
Jun-13
Aug-13
Feb-13
Apr-13
0
5
0
Short Sale Inventory
Bank Owned Inventory
Jul-13
Nov-13 Mar-14 Jul-14
Nov-14 Mar-15
Year to Date Comparison - Distressed Properties
Qty Sold
% Chg
Volume Sold
% Chg
Average Sale
%
Chg
Median Sale
%
Chg
Residential - Short Sale
Current Period
88
Previous Period
105
Increase / (Decrease)
(17)
$35,257,045
$400,648
$39,436,664
-16%
($4,179,619)
$291,875
$375,587
-11%
$25,061
$280,100
7%
$11,775
4%
Residential - Bank Owned
Current Period
131
$29,334,599
$223,928
$182,000
Previous Period
186
$29,334,599
$223,928
$182,000
Increase / (Decrease)
(55)
-30%
$0
0%
$0
0%
$0
0%
All Residential - Distressed
Current Period
219
$64,591,644
$312,288
$236,938
One Year Ago
291
$68,771,263
$299,758
$231,050
Increase / (Decrease)
(72)
-25%
($4,179,619)
-6%
$12,531
4%
$5,888
3%
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.
Sales By Area
Corolla
Residential Units Sold
35
30
Units Sold
25
20
15
10
5
0
2011
2012
2013
2014
2015
Jan
10
12
11
9
17
Feb
9
13
11
9
14
Mar
12
26
17
12
17
Year
2011
2012
2013
2014
2015
Units Sold
April May June July
28
21
20
12
14
22
20
12
23
19
14
12
17
16
19
12
21
18
29
Aug Sept
6
14
15
9
16
5
15
20
Median Sale Price
$527,000
$500,000
$480,000
$470,000
$512,500*
Oct
13
19
19
13
Nov
10
29
16
11
Dec
14
12
16
24
YTD
169
204
179
177
116
Percent Change
-10%
-5%
-4%
-2%
9%
*2015 numbers reflect Year to Date values
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.
Town of Duck
Residential Units Sold
18
16
14
Units Sold
12
10
8
6
4
2
0
2011
2012
2013
2014
2015
Jan
4
11
5
5
8
Feb
6
8
7
6
6
Mar
7
9
8
9
7
Year
2011
2012
2013
2014
2015
April
7
6
6
9
10
Units Sold
May June July
7
7
8
8
7
9
14
13
7
17
11
4
12
9
Aug
10
8
6
6
Median Sale Price
$585,000
$479,500
$499,900
$511,250
$422,500*
Sept
8
10
8
3
Oct
6
12
8
9
Nov
1
6
6
4
Dec
5
6
7
13
YTD
76
100
95
96
52
Percent Change
7%
-18%
4%
2%
-17%
*2015 numbers reflect Year to Date values
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.
Town of Southern Shores
Residential Units Sold
25
20
Units Sold
15
10
5
0
2010
2011
2012
2013
2014
2015
Jan
5
2
10
4
8
9
Feb
8
4
5
3
6
4
Mar
7
7
9
9
7
5
Year
2011
2012
2013
2014
2015
April
6
9
6
6
10
10
Units Sold
May June July
6
7
8
7
3
6
7
6
9
4
6
9
20
4
4
11
6
Aug
7
4
7
6
7
Median Sale Price
$425,000
$400,000
$420,000
$430,000
$345,000*
Sept
7
7
9
8
7
Oct
6
4
5
3
7
Nov
12
3
12
3
10
Dec
4
2
5
13
7
YTD
83
58
90
74
97
45
Percent Change
-8%
-6%
5%
2%
-20%
*2015 numbers reflect Year to Date values
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.
Town of Kitty Hawk
Residential Units Sold
20
18
16
14
Units Sold
12
10
8
6
4
2
0
2011
2012
2013
2014
2015
Jan
5
8
5
4
5
Feb
8
7
6
2
6
Mar
11
6
7
8
9
Year
2011
2012
2013
2014
2015
April
3
7
10
11
5
Units Sold
May June July
4
3
9
10
8
7
10
9
11
15
6
9
19
5
Aug
4
8
6
10
Median Sale Price
$261,875
$291,500
$262,000
$285,000
$291,500*
Sept
6
7
4
5
Oct
7
8
7
11
Nov
4
7
9
5
Dec
6
5
10
7
YTD
70
88
94
93
49
Percent Change
-12%
11%
-10%
9%
2%
*2015 numbers reflect Year to Date values
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.
Colington
Residential Units Sold
16
14
12
Units Sold
10
8
6
4
2
0
2011
2012
2013
2014
2015
Jan
6
1
5
6
5
Feb
8
7
7
2
5
Mar
6
13
7
4
6
Year
2011
2012
2013
2014
2015
April
12
10
8
13
11
Units Sold
May June July
5
10
6
12
8
2
4
12
4
8
2
8
12
12
Aug
2
11
8
3
Median Sale Price
$185,000
$204,500
$215,000
$214,000
$227,900*
Sept
5
6
8
10
Oct
9
2
6
11
Nov
2
3
4
6
Dec
3
9
4
11
YTD
74
84
77
84
51
Percent Change
-13%
11%
5%
0%
6%
*2015 numbers reflect Year to Date values
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.
Town of Kill Devil Hills
Residential Units Sold
45
40
35
Units Sold
30
25
20
15
10
5
0
2011
2012
2013
2014
2015
Jan
13
7
14
16
10
Feb
7
12
14
14
23
Mar
16
24
21
21
26
Year
2011
2012
2013
2014
2015
April
21
24
40
21
21
Units Sold
May June July
21
19
25
25
23
18
30
23
26
26
26
19
30
28
Aug
21
15
16
16
Median Sale Price
$211,000
$215,000
$214,500
$239,000
$224,625*
Sept
12
23
21
26
Oct
15
20
14
21
Nov
18
13
19
22
Dec
16
19
19
20
YTD
204
223
257
248
138
Percent Change
-6%
2%
No Change
11%
-6%
*2015 numbers reflect Year to Date values
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.
Town of Nags Head
Residential Units Sold
35
30
Units Sold
25
20
15
10
5
0
2011
2012
2013
2014
2015
Jan
10
10
10
14
11
Feb
8
11
5
7
12
Mar
20
17
10
8
14
Year
2011
2012
2013
2014
2015
April
15
17
16
18
20
May
19
22
20
22
32
Units Sold
June July
22
14
19
12
11
20
12
12
16
Aug
18
12
20
15
Median Sale Price
$320,000
$342,500
$335,000
$350,000
$378,000*
Sept
24
14
22
23
Oct
12
12
7
18
Nov
8
18
17
16
Dec
15
20
15
15
YTD
185
184
173
180
105
Percent Change
2%
7%
-2%
4%
8%
*2015 numbers reflect Year to Date values
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.
Hatteras Island
Residential Units Sold
35
30
Units Sold
25
20
15
10
5
0
2011
2012
2013
2014
2015
Jan
13
14
12
11
13
Feb
12
19
10
14
13
Mar
30
27
18
13
18
Year
2011
2012
2013
2014
2015
April
20
22
25
12
19
Units Sold
May June July
18
24
19
25
15
18
17
18
16
22
22
13
25
17
Aug
13
15
17
15
Median Sale Price
$285,500
$292,500
$285,000
$263,775
$270,000*
Sept
8
17
16
19
Oct
14
12
14
20
Nov
11
19
10
18
Dec
17
14
14
27
YTD
199
217
187
208
105
Percent Change
-17%
2%
-3%
-9%
2%
*2015 numbers reflect Year to Date values
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.
Roanoke Island
Residential Units Sold
20
18
16
Units Sold
14
12
10
8
6
4
2
0
2011
2012
2013
2014
2015
Jan
9
4
4
11
2
Feb
8
7
8
8
2
Mar
4
7
9
7
10
Year
2011
2012
2013
2014
2015
April
8
2
9
13
10
Units Sold
May June July
7
8
8
5
7
10
10
8
19
11
8
14
3
17
Aug
5
9
10
14
Median Sale Price
$250,000
$258,000
$222,000
$260,000
$287,750*
Sept
10
17
6
11
Oct
6
15
10
9
Nov
4
7
6
6
Dec
5
7
2
5
YTD
82
98
101
117
44
Percent Change
-7%
3%
-14%
17%
11%
*2015 numbers reflect Year to Date values
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.
Currituck Mainland
Residential Units Sold
30
25
Units Sold
20
15
10
5
0
2011
2012
2013
2014
2015
Jan
5
14
10
9
8
Feb
3
13
7
10
8
Mar
7
17
17
10
16
Year
2011
2012
2013
2014
2015
April
10
13
11
15
15
Units Sold
May June July
9
14
12
16
19
17
20
21
18
19
24
14
25
20
Aug
10
12
19
14
Median Sale Price
$179,000
$180,000
$197,000
$210,000
$208,750*
Sept Oct
15
14
19
19
14
5
11
11
Nov
4
9
11
9
Dec
14
7
13
9
YTD
117
175
166
155
92
Percent Change
-15%
1%
9%
7%
-1%
*2015 numbers reflect Year to Date values
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.