www.CBSeaside.com

4900 N. Croatan Highway Kitty Hawk, NC 27949 252-261-3800 2503 N. Croatan Highway Kill Devil Hills, NC 27949 252-441-2450

918 C-Halstead Boulevard Elizabeth City NC 27909 252-384-0566

Contact Us: sales@cbseaside.com

IN THIS ISSUE

Quarterly Highlights 1,3

Area Highlights 1

Sold Market Recap 2-3

COLDWELL BANKER SEASIDE REALTY

2017 THIRD QUARTER

The Outer Banks real estate market continues to be active with double digit increases in both residential units and sales for the year! Compared to the 1st and 2nd quarters of this year, the 3rd quarter saw the smallest increase year over year (Q3 2017 compared to Q3 2016) with sales volume up 6% and units down slightly. However, year to date, residential sales increased 10% in units and 15% in sales volume over last year which are both terrific increases.

Coldwell Banker Seaside Realty is having a fabulous year and is up over 35% in both units and sales volume for the 3rd quarter and year to date. We like trending better than the market!

OBX Year to Date Highlights (Dare & Currituck County):

The Average Sales Price of all residential properties is $395,848, a 5% increase over last year

Single family leads the way with a 10% increase in units and 16% in sales volume

Condos & townhouses are up 4% in units, 3% in dollars

Land sales are up 7% in units but down 15% in volume and the average sales price has decreased 22% to $109,264

Great news! Our Average Days on Market for all residential sales is 155, down from 201 last year. However, for the 743 residential properties listed and sold from January 1 – September 30th, the Average DOM is 46. Why the difference? Sellers are pricing their property more in line with the market and the inventory is down. Buyers have less to choose from and when they do find a house that fits all their criteria they are making a decision faster as they know the property may not be available for long!

Single Family 2017 2016 %

Units 1200 1086 110%

Dollars $499,710,868 $423,097,376 116%

Average Sale $416,425 $397,879 105%

Median Sale $330,000 $320,450 103%

Average DOM 154 205 75%

Condo/Townhouse 2017 2016 %

Units 171 164 104%

Dollars $45,639,416 $44,102,275 103%

Average Sale $266,897 $268,916 99%

Median Sale $259,000 $244,500 106%

Average DOM 162 187 87%

The numbers don’t lie. Coldwell Banker Seaside Realty sells more real estate than any other firm on the Outer Banks.* No matter how big our numbers get, we never forget who’s number one: our clients. Put our commitment and experience to work by having one of our experienced and knowledgeable agents prepare a Market-ing Plan specifically designed for your Out-er Banks or northeast NC property.

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Outer Banks Year to Date highlights

January 1 – September 30th for Dare & Currituck County:

3rd Quarter 2017 Page 2

The OBX Market Report

MARKET RECAP - SOLD PROPERTIES

DOM = Days on Market

Based on information from the Outer Banks Association of REALTORS® MLS for the period January 1 –September 30, 2017

Area # Sold Avg Sales Price DOM % to Ask PriceDUCK Low High

Oceanfront 13 $1,210,884 307 87% $775,000 $2,357,500

Oceans ide 52 $543,298 210 91% $245,000 $992,000

Soundfront 10 $716,350 201 91% $409,000 $1,225,000

Sounds ide 7 $440,857 121 91% $343,000 $565,000

Duck Total 82 $661,494 216 90% $245,000 $2,357,500

COROLLA

Oceanfront* 13 $1,580,415 163 89% $1,000,000 $2,525,000

Oceans ide 116 $558,436 209 91% $200,000 $2,325,000

Soundfront 11 $580,636 208 90% $345,000 $940,000

Sounds ide 27 $400,094 338 86% $227,064 $747,500

Corolla Total 167 $613,854 226 90% $200,000 $2,525,000

4-WHEEL DRIVE

Oceanfront 9 $853,000 427 76% $300,000 $1,700,000

Other 10 $379,750 87 97% $140,000 $685,000

Total 4-Wheel Drive 19 $603,921 248 82% $140,000 $1,700,00088%

SOUTHERN SHORES

Oceanfront 3 $1,665,500 331 89% $875,000 $2,900,000

Oceans ide 14 $442,235 199 91% $242,500 $689,000

Sound/Canal front 15 $545,801 201 92% $305,000 $1,037,275

Wests ide 36 $392,091 108 92% $210,000 $680,000

Southern Shores Total 68 $492,057 157 92% $210,000 $2,900,000

KITTY HAWK

Oceanfront 2 $285,000 497 88% $265,000 $305,000

Between the highways 16 $392,947 154 95% $230,000 $702,000

Canal front 10 $410,900 132 90% $189,000 $1,150,000

Wests ide 31 $338,504 92 92% $190,000 $652,000

Kitty Hawk Total 59 $363,725 129 93% $189,000 $1,150,000

Price Range

Land 2017 2016 %

Units 380 354 107%

Dollars $41,520,490 $48,761,249 85%

Average Sale $109,264 $137,743 79%

Median Sale $75,750 $72,500 104%

Average DOM 248 308 81%

Waterfront Fun Facts

101 oceanfront home sales were up 33% over last year. The median sales price is $925,000

7 homes sold for over $2 million including the highest sale of $2,900,000 for a new construction oceanfront home in

Southern Shores

66 soundfront homes sold, down slightly from last year (68). The median sales price increased to $481,00 (compared to

$435,000)

There were 3 soundfront homes sold for over $1 million with the highest priced home selling for $1,225,00 in Duck

A condo at The Quay Condo in Nags Head sold for $468,900 and was the highest priced oceanfront condo (not townhouse)

sold for the year

MARKET RECAP - SOLD PROPERTIES DOM = Days on Market

3rd Quarter, 2017 Page 3

The OBX Market Report

Area # Sold Avg Sales Price DOM % to Ask Price16

MARTIN'S POINT

Sound/Creek 6 $736,064 169 89% $483,884 $985,000

Interior 4 $404,950 43 94% $340,000 $475,000

All Martin's Point 10 $603,618 118 91% $340,000 $985,000

COLINGTON HARBOUR

Sound/Canal front 32 $306,723 75 96% $200,000 $450,000

Other 41 $219,342 83 96% $78,000 $420,000

Col ington 16 $307,362 235 92% $143,000 $505,000

Col ington Harbour Total 89 $266,584 107 95% $78,000 $505,000

KILL DEVIL HILLS

Oceanfront 4 $1,000,625 116 90% $425,000 $1,287,500

Oceans ide 1 $485,000 48 97% $485,000 $485,000

Between highways 56 $329,539 134 93% $135,000 $630,000

Sound/Canal front 3 $512,166 201 90% $249,000 $682,500

Wests ide 115 $258,240 83 96% $145,000 $395,000

Kill Devil Hills Total 179 $302,658 101 94% $135,000 $1,287,500

NAGS HEAD

Oceanfront 8 $1,035,750 188 89% $725,000 $1,200,000

Oceans ide 1 $555,000 174 93% $555,000 $555,000

Between highways 35 $466,999 140 93% $216,000 $740,000Sound/Canal front 10 $370,375 80 97% $250,000 $790,000

Wests ide 43 $354,814 125 93% $175,000 $705,000

SOUTH NAGS HEAD

Oceanfront 15 $649,333 226 92% $275,000 $1,170,000

Oceans ide 11 $353,990 97 95% $210,000 $510,000

Wests ide 19 $434,700 139 94% $214,500 $701,000

Nags Head Total (all) 142 $468,239 140 93% $175,000 $1,200,00016

MANTEO Low High

Sound/Canal front 2 $700,979 392 89% $576,959 $825,000

Other 59 $297,262 127 95% $80,000 $595,000

Manteo Total 61 $310,499 136 95% $80,000 $825,00016

PIRATE'S COVE 6 $530,666 188 86% $390,000 $850,000

RODANTHE/WAVES/SALVO

Oceanfront 17 $675,423 143 92% $135,000 $1,275,000

Oceans ide 41 $323,344 142 93% $110,000 $675,000

Soundfront 2 $353,000 412 88% $321,000 $385,000Sounds ide 4 $467,500 352 89% $425,000 $490,000

Rodanthe/Waves/Salvo Total 64 $426,801 164 92% $110,000 $1,275,00093%

AVON

Oceanfront 9 $513,055 199 89% $285,000 $735,000

Oceans ide 17 $326,164 152 91% $135,000 $730,000

Soundfront 13 $337,517 220 90% $115,922 $690,000

Sounds ide 21 $254,898 164 91% $163,000 $530,000

Avon Total 60 $331,714 178 90% $115,922 $735,000

BUXTON/FRISCO/HATTERAS

Oceanfront 8 $1,211,258 250 92% $255,000 $2,347,765

Oceans ide 19 $242,268 275 88% $42,000 $577,500

Soundfront 16 $376,343 117 94% $212,000 $850,000

Sounds ide 12 $291,116 219 89% $147,000 $575,000

Buxton/Frisco/Hatteras Total 55 $432,873 213 91% $42,000 $2,347,765

CURRITUCK MAINLAND

Jarvisburg to Poplar Branch 43 $207,821 129 93% $45,000 $609,000

Pt. Harbor to Powel ls Point 16 $312,269 85 96% $101,062 $789,000

Aydlett to Barco 17 $223,688 138 92% $37,000 $641,000

Maple to Moyock 49 $265,403 79 97% $18,000 $525,000

Currituck Mainland Total 125 $245,920 105 95% $18,000 $789,000

Price Range

Based on information from the Outer Banks Association of REALTORS® MLS for the period January 1 –September 30, 2017