Duck Real Estate Update 9/18/11
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Duck Real Estate Update 9/18/11

December 8, 2011 – (RealEstateRama) — 52 single family properties have been sold and closed so far this year in the town of Duck. The total dollar amount for these properties combined is $35,310,980.00 and the median price was $600,000.

7 condos and town houses have been sold and closed in Duck so far this year for a total dollar amount of $1,643,700 with a median price of $185,000. This doesn’t look like much but condos are few and far between in Duck.

Even with lot loans being so difficult and not consumer friendly we have seen 3 lots close for a total dollar amount of $655,000 and a median price of $175,000.

A total of 61 buyers have found the courage to get off that proverbial fence and take advantage of the low prices and low interest rates.

5 of these sold properties were Duck oceanfront homes with a median price of $960,000. It wasn’t long ago where you could not find an oceanfront house or even an oceanfront lot for under $1,000,000. Times have changed.

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Greg Cremia has been helping people buy and sell real estate on the Outer Banks since 1989.

Contact:

Phone: 800-647-1868

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