OBX Foreclosure Update for December 7th

December 7, 2011

by Kevin O'Brien

December 7, 2011 – (RealEstateRama) — It has been quite the year for Outer Banks foreclosures. We have seen 285 bank owned residential properties sold on the Outer Banks MLS from January 1st through November 30th. Prices on the sold Outer Banks foreclosures range from $15,000 to over $1,100,000 with an average price of $250,015.

For those looking to purchase a foreclosure on the Outer Banks it is imperative to move quickly as we saw a foreclosure sell in just 15 days with a median days on the market of 99. Kill Devil Hills has the highest number of sold foreclosures on the Outer Banks thus far this year. It is interesting that Kill Devil Hills and Corolla combined for over 100 sold foreclosures while a town like Duck has only had 4.

If you are interested in learning more about buying a foreclosure on the Outer Banks, you can give us a call at 866.777.3948 or sales (at) redskyrealty (dot) com and mention the foreclosure list and we can set you up.

OBX Sold Foreclosures

Avon	9
Corolla	24
Duck	4
Edenton	3
Elizabeth City	12
Frisco	3
Grandy	11
Hatteras	14
Kill Devil Hills	77
Kitty Hawk	19
Manteo	19
Moyock	5
Nags Head	26
Ocracoke	4
Point Harbor	2
Powells Point	4