Outer Banks, NC – December 8, 2011 – (RealEstateRama) — The Kitty Hawk real estate market is humming right along even with all the negative propaganda we seel on TV. In this year so far from Jan 1 to October 8, 2011 there have been 72 closed real estate transactions. This is just in Kitty Hawk.
Of these 72 transactions 42 have been single family residential homes. The median price for these homes was $312,000 and the average price was $326,000. The total dollar amount for these sold homes is $13,712,000.
12 of these transactions were either condos or townhouses with the median price here being $144,000 and an average price of $163,000. The total dollar amount for these sold condos and townhouses is $1,952,000.
The remaining 18 properties were vacant lots with a median price of $104,000 and an average price of $111,000. The total dollar amount for all of the lots sales combined was $2,013,000.
With over $17,677,000 in closed real estate transactions in Kitty Hawk this year so far it looks like a very healthy real estate market. The same can be said about the overall Outer Banks real estate market. While prices and interest rates remain low there are more and more buyers showing up to take advantage of the situation while satisfying the desire to own a beach house on the OBX. The time can’t get much better than it is right now to make your dream come true.
Helping people buy and sell real estate on the Outer Banks since 1989.
