Both the average and media sale price in our area decreased this year. This is good news for buyers as it is still a good time to buy on the Outer Banks!
Kitty Hawk, North Carolina (PRWEB) January 23, 2014
Leading Outer Banks real estate firm, Coldwell Banker Seaside Realty, is pleased to announce that their fourth quarter Outer Banks real estate market report is now available on their website. The report compiles real estate information from Northeastern North Carolina including the Outer Banks.
Some of the real estate information on the Market Report includes number of homes sold, average sale price and number of days on the market based on information obtained from the Outer Banks Associate of REALTORS® MLS.
"The fourth quarter Market Report shows that the number of residential property sold in 2013 was down slightly compared to last year, and the total volume sold was down by 7 percent,” said Pamela Smith, Vice President of Sales and Relocation at Coldwell Banker Seaside Realty. “Both the average sale in our area and the median sale price decreased this year. This is good news for buyers as it is still a good time to buy on the Outer Banks!”
Some key points of the report include:
- Distressed home sales were down 21 percent.
- The average listing price on the Outer Banks was $372,692 and the average sales price was $349,544.
- The most expensive home sold on the Outer Banks during 2013 was an oceanfront house located in Duck, North Carolina that sold for $3,175,000.
- Kill Devil Hills, North Carolina had the most sales transactions during 2013 with 288 total units sold.
“Seaside Realty is the only real estate company on the Outer Banks that compiles a comprehensive multi-page market report that’s free to the public,” said Smith. “We started the Market Report five years ago and it has become something our real estate agent’s clients have come to expect for news on Northeastern North Carolina real estate.”
You can view the full fourth quarter Outer Banks Real Estate Market report by visiting Seaside Realty's website, cbseaside.com.
About Coldwell Banker Seaside Realty:
Founded in Kitty Hawk, NC in 1990, Coldwell Banker Seaside Realty is a leading Outer Banks real estate company. With more than 35 licensed agents, Coldwell Banker Seaside Realty provides both residential and commercial buying and selling assistance in Northeastern North Carolina.
For information about Outer Banks real estate, visit http://www.cbseaside.com or call 252.261.3800 to speak with one of their highly experienced real estate professionals.