Outer Banks, NC – December 8, 2011 – (RealEstateRama) — Here on the Outer Banks the Nags Head real estate market is humming right along despite all the doom and gloom on TV. In this year so far from Jan 1 to Sep 24, 2011 there have been 158 closed real estate transactions in Nags Head alone.
Of these 158 transactions 127 have been single family homes. The median price for these homes was $338,000 and the average price was $408,746. The total dollar amount for these sold homes is $51,900.00
12 of the transactions were either condos or townhouses with the median price here being $283,000 and an average price of $289,000. The total dollar amount for these sold condos and townhouses is $3,360,000.
The remaining 19 properties were lots with a median price of $150,000 and an average price of $188,000. The total dollar amount for all of the lots sales combined was $3,588,000.
With over $58,000,000 in closed real estate transactions in Nags Head 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.
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