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

Area Highlights 1

Sold Market Recap 2-3

Featured Article: South’s Best Island 3

COLDWELL BANKER SEASIDE REALTY

2017 FIRST QUARTER

How’s the market? The OBX Market is very good! Residential real estate is up in both units and

dollars compared to the 1st Quarter of 2016. Although the Average Sales Price is flat, the Medi-

an Sales Price has increased 5% year over year.

The story this year has been the shortened Days on Market. For all residential property sold in

the first quarter, the Avg. Days on Market is 201. However, for residential property listed and

sold since January 1, the Avg. Days on Market drops to only 50! We have seen property go

under contract in under 5 days!

Single Family 2017 2016 %

Units 348 249 140%

Dollars $142,564,329 $118,636,673 120%

Average Sale $409,667 $425,221 96%

Median Sale $320,000 $325,000 98%

Average DOM 203 208

Condo/Townhouse 2017 2016 %

Units 39 39 100%

Dollars $10,278,937 $9,786,580 105%

Average Sale $263,562 $250,937 105%

Median Sale $262,500 $225,000 117%

Average DOM 191 176

Land 2017 2016 %

Units 98 100 98%

Dollars $11,102,800 $11,710,449 95%

Average Sale $113,293 $117,104 97%

Median Sale $80,500 $67,750 119%

Average DOM 248 336

Waterfront property (Single family)

26 homes sold compared to the 1st Quarter of 2016 (31)

Prices ranged from $265,000 for a 2 bedroom house in Kitty Hawk to $2,900,000 for a

Southern Shores oceanfront

Median Sales Price of all oceanfront homes sold increased slightly to $1,069,000

Soundfront homes increased: 21 this year compared to 15 last year. Median Sales Price was $406,750 and the highest price soundfront sold for $1,150,000 in the First Flight Run area of Kitty Hawk

*Information taken from the Outer Banks Association of Realtors for the period January 1, 2017 – March 31, 2017

CBSeaside #1 in

Volume

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 knowelgable agents prepare a Marketing Plan specifically designed for your Outer Banks or northeast NC property.

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Dare & Currituck County recap by category

1st 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 –March 31, 2017

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

Oceanfront 7 $1,024,666 505 82% $965,000 $1,079,000

Oceans ide 60 $493,843 244 90% $285,000 $992,000

Soundfront 9 $715,500 285 90% $525,000 $927,000

Sounds ide 9 $424,500 118 89% $383,000 $466,000

Duck Total 85 $587,460 272 89% $285,000.00 $1,079,000.00

COROLLA

Oceanfront* 3 $1,221,333 309 85% $1,059,000 $1,380,000

Oceans ide 33 $554,279 211 91% $260,400 $1,390,000

Soundfront 3 $510,666 520 80% $345,000 $700,000

Sounds ide 9 $241,562 323 88% $227,064 $515,000

Corolla Total 48 $553,360 258 89% $227,064 $1,390,000

4-WHEEL DRIVE

Oceanfront 2 $1,035,000 422 77% $760,000 $1,310,000

Other 1 $337,500 154 96% $337,500 $337,500

Total 4-Wheel Drive 3 $802,500 333 89% $337,500 $1,310,00088%

SOUTHERN SHORES

Oceanfront 2 $1,887,500 331 86% $875,000 $2,900,000

Oceans ide 4 $523,336 387 89% $458,000 $689,000

Sound/Canal front 3 $500,000 227 95% $305,000 $820,000

Wests ide 11 $417,672 176 91% $260,000 $655,000

Southern Shores Total 20 $598,177 241 90% $260,000 $2,900,000

KITTY HAWK

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

Between the highways 3 $361,666 201 89% $230,000 $500,000

Canal front 5 $509,600 168 92% $189,000 $1,150,000

Wests ide 9 $346,972 166 88% $215,000 $460,001

Kitty Hawk Total 19 $385,565 207 89% $189,000 $1,150,000

MARTIN'S POINT

Sound/Creek 1 $918,000 369 96% $918,000 $918,000

KILL DEVIL HILLS

Oceanfront 2 $1,243,750 52 92% $1,200,000 $1,287,500

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

Between highways 17 $313,735 205 89% $135,000 $541,000

Sound/Canal front 1 $682,500 410 86% $682,500 $682,500

Wests ide 43 $252,324 122 96% $145,000 $685,000

Kill Devil Hills Total 64 $309,975 145 94% $135,000 $1,287,500

COLINGTON HARBOUR

Sound/canal front 9 $279,216 116 94% $200,000 $385,000

Other 11 $222,031 130 97% $175,000 $298,000

Col ington 5 $287,600 306 95% $143,000 $378,000

Colington Harbour Total 25 $255,732 160 95% $143,000 $385,000

NAGS HEAD

Oceanfront 2 $1,195,000 142 89% $1,190,000 $1,200,000

Between highways 8 $464,687 246 93% $235,000 $720,000

Sound/Canal front 3 $355,583 138 96% $290,000 $406,750

Wests ide 16 $320,525 219 91% $175,000 $525,000

SOUTH NAGS HEAD

Oceanfront 2 $522,500 143 93% $460,000 $585,000

Oceans ide 6 $338,983 146 92% $210,000 $452,000

Wests ide 4 $423,125 261 94% $315,000 $570,000

Nags Head Total (all) 41 $416,440 204 92% $175,000 $1,200,000

Price Range

MARKET RECAP - SOLD PROPERTIES

DOM = Days on Market

Outer Banks Named “South’s Best Is-

land” By Southern Living Magazine

The Outer Banks of North Carolina has been named the “South’s Best Island” by Southern Living in the magazine’s March 2017 is-sue themed “The South’s Best.” The narrow string of barrier is-lands off the coast of North Carolina earned the top spot and edged out other popular beach towns, including Hilton Head, Gal-veston, Tybee Island and the Florida Keys for the publication’s first annual “South’s Best” awards.

More than 22,000 Southern Living readers were surveyed for their opinions on destinations and attractions that define the Southern United States in 13 categories: small towns, cities, resorts, tail-gates, restaurants, museums, breweries, bars, BBQ joints, shops, hotels, inns and islands.

Stretching nearly 200 miles from Carova to Ocracoke Island, the Outer Banks are bordered by the Atlantic Ocean to the east and a series of shallow sounds to the west, offering opportunities to enjoy exceptional fishing, incredible seafood and world-class wa-tersports ranging from kiteboarding to standup paddleboarding.

Best known for its pristine and undeveloped beaches, the Outer Banks is characterized by a relaxed vibe and family-friendly atmos-phere, making it a top choice among travelers from all around the world. Instead of towering hotels and busy boardwalks, here you’ll find vacation rental homes ranging from quaint cottages and cozy condos to luxury estates that feature resort-like amenities. With a rich history that dates back several centuries and an assortment of attractions that offer something for visitors of all ages, the Outer Banks is a vacation destination unlike anywhere else.

“The Outer Banks are truly a magical place, and many of our guests have been visiting this stretch of sand for generations,” says Kelly Allman, director of marketing at Seaside Vacations, a vacation rental home and property management company based in Kitty Hawk. “The area’s natural beauty, laidback and friendly vibe, and ability to maintain its quaint and unspoiled character are what our guests’ cite as the top reasons they return year after year. And while we’re extremely proud to officially hold the title of the ‘South’s Best Island,’ to those of us residents and frequent guests of these beautiful barrier islands, the accolades come as no surprise.”

Based on information from the Outer Banks Association of REALTORS® MLS for the period January 1 - March 31, 2017

1st Quarter, 2017 Page 3

The OBX Market Report

Area # Sold Avg Sales Price DOM % to Ask Price

MANTEO Low High

Sound/Canal front 1 $576,959 92 100% $576,959 $576,959

Other 18 $263,165 227 92% $80,000 $440,000

Manteo Total 19 $279,681 219 93% $80,000 $576,95916

PIRATE'S COVE 1 $580,000 211 72% $850,000 $850,000

RODANTHE/WAVES/SALVO

Oceanfront 3 $740,000 323 95% $450,000 $1,250,000

Oceans ide 10 $362,821 188 93% $180,000 $539,000

Soundfront 1 $385,000 701 96% $385,000 $385,000

Sounds ide 1 $490,000 381 85% $490,000 $490,000

Rodanthe/Waves/Salvo Total 15 $448,214 262 93% $180,000 $1,250,00093%

AVON

Oceanfront 1 $735,000 217 92% $735,000 $735,000

Oceans ide 6 $359,833 303 89% $193,000 $730,000

Soundfront 2 $341,000 287 90% $297,000 $385,000

Sounds ide 5 $272,400 98 93% $163,000 $530,000

Avon Total 14 $352,714 221 91% $163,000 $735,000

BUXTON/FRISCO/HATTERAS

Oceanfront 4 $1,631,266 108 91% $581,982 $2,347,765

Oceans ide 6 $153,083 172 80% $42,000 $252,000

Soundfront 4 $292,625 218 90% $212,000 $399,000

Sounds ide 2 $340,500 45 99% $204,000 $477,000

Buxton/Frisco/Hatteras Total 16 $580,941 152 88% $42,000 $2,347,765

CURRITUCK MAINLAND

Jarvisburg to Poplar Branch 11 $250,745 182 91% $52,000 $609,000

Pt. Harbor to Powel ls Point 1 $101,062 104 119% $101,062 $101,062

Aydlett to Barco 7 $171,763 220 86% $37,000 $240,000

Maple to Moyock 13 $249,569 113 92% $18,000 $367,000

Currituck Mainland Total 32 $228,313 160 91% $18,000 $609,000

Price Range