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Southern Shores, NC Real Estate News

By Greg Cremia
(Shore Realty of the Outer Banks)
Sea Crest Village Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     4     $3,230,000     $807,500     $760,000     27                   Cash     1     $6,050,000     $6,050,000     $6,050,000     3          Analysis By Area                   Southern Shores Oceanside     5     $9,280,000     $1,856,000     $820,000     22                   Totals     5     $9,280,000     $1,856,000     $820,000     22                        Non Co-op Sales     1     $1,100,000     $1,100,000     $1,100,000     2                   Co-op Sales     4     $8,180,000     $2,045,000     $760,000     27                   Total Sales     5     $9,280,000     $1,8...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Chicahauk Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     2     $1,410,000     $705,000     $705,000     7                   Conventional     10     $7,012,300     $701,230     $739,950     29                   FHA     1     $562,000     $562,000     $562,000     39                   Cash     4     $3,105,500     $776,375     $772,500     43          Analysis By Area                   Southern Shores Westside     17     $12,089,800     $711,165     $739,900     30                   Totals     17     $12,089,800     $711,165     $739,900     30                        Non Co-op Sales     2     $1,189,900     $594,950     $594,950     13         ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Southern Shores Homes Sold Jan 1, 2023 to Jan 1, 2024     Sold Market          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Other     2     $1,410,000     $705,000     $705,000     7                   Conventional     47     $38,745,600     $824,374     $740,000     45                   FHA     2     $979,000     $489,500     $489,500     24                   VA     2     $1,765,000     $882,500     $882,500     5                   Cash     20     $21,822,000     $1,091,100     $705,750     39                   Owner Finance     1     $625,000     $625,000     $625,000     60                   Private     1     $327,000     $327,000     $327,000     40                   Jumbo Loan     1     $1,100,000     $1,100...
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By Greg Cremia
(Shore Realty of the Outer Banks)
The Chicahauk, Southerns Shores NC real estate market is moving along briskly considering there is a shortage of homes for sale. Home owners right now are reluctant to sell for some reason which has created a lack of  home inventory for sale which in turn is keeping Chicahauk, Southerns Shores NC home sales strong and the prices up.     Residential Homes Sold in Chicahauk, Southerns Shores NC From January 1, 2023 to April 11, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     4     $2,647,300     $661,825     $682,400     40                   Cash     1     $955,500     $955,500     $955,500     6          Analysis By Area                   Southern Shores Westside     5     $3,602,800  ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
The Southern Shores NC real estate market is moving along briskly considering there is a shortage of homes for sale. Home owners right now are reluctant to sell for some reason which has created a lack of  home inventory for sale which in turn is keeping Southern Shores NC home sales strong and the prices up.     Residential Homes Sold in Southern Shores NC From January 1, 2023 to April 11, 2023          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     10     $7,316,900     $731,690     $699,950     62                   Cash     1     $560,000     $560,000     $560,000     99          Analysis By Area                   Southern Shores Oceanside     1     $725,000     $725,000     $725,000     9     ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Homes In Southern Shores NC Sold During 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 113 $62,699,265 $554,861 $505,000 93 FHA 2 $607,500 $303,750 $303,750 92 VA 2 $989,500 $494,750 $494,750 14 Cash 17 $12,448,500 $732,265 $670,000 149 Jumbo Loan 6 $7,414,500 $1,235,750 $1,135,000 184   Analysis By Area Southern Shores Oceanside 46 $35,759,665 $777,384 $685,000 149 Southern Shores Westside 94 $48,399,600 $514,889 $482,000 79 Totals 140 $84,159,265 $601,138 $510,000 102   Non Co-op Sales 22 $12,858,800 $584,491 $497,500 70 Co-op Sales 118 $71,300,465 $604,241 $512,500 108 Total Sales 140 $84,159,265 $601,138 $510,000 102   Homes In Southern Shores NC Sold During 2019   No. of Listings Dollar Volume Average Price Median Price Avera...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Sold Market Southern Shores Real Estate Sold June 1, 2020 Through Sept 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 31 $15,198,400 $490,271 $480,000 130 FHA 1 $332,500 $332,500 $332,500 114 Cash 5 $3,860,000 $772,000 $670,000 174 Jumbo Loan 1 $1,891,000 $1,891,000 $1,891,000 437   Analysis By Area Southern Shores Oceanside 13 $8,696,000 $668,923 $510,000 178 Southern Shores Westside 25 $12,585,900 $503,436 $485,000 126 Totals 38 $21,281,900 $560,050 $492,500 144 LOTS/LAND Conventional 2 $348,450 $174,225 $174,225 153 Cash 8 $1,494,001 $186,750 $149,500 86   Analysis By Area Southern Shores Oceanside 1 $135,000 $135,000 $135,000 213 Southern Shores Westside 9 $1,707,451 $189,717 $152,500 86 Totals 10 $1,842,451 $184,245 $149,5...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Sold Market Southern Shores Real Estate Sold Jan 1, 2019 Through Jan 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 2 $2,055,000 $1,027,500 $1,027,500 17 Conventional 75 $38,106,684 $508,089 $458,000 128 FHA 1 $241,900 $241,900 $241,900 4 VA 3 $1,513,800 $504,600 $549,900 96 Cash 22 $11,773,300 $535,150 $461,150 97 Jumbo Loan 5 $6,806,479 $1,361,296 $1,200,000 145   Analysis By Area Southern Shores Oceanside 20 $20,334,979 $1,016,749 $845,000 111 Southern Shores Westside 88 $40,162,184 $456,388 $435,000 120 Totals 108 $60,497,163 $560,159 $472,000 118 LOTS/LAND Other 1 $200,000 $200,000 $200,000 301 Conventional 4 $696,900 $174,225 $177,500 299 Cash 6 $978,500 $163,083 $167,750 168   Analysis By Area Southern Shores Oceanside 1 $200,0...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Sold Market Sea Crest Village Real Estate Sold Jan 1, 2019 Through Jan 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 8 $6,148,500 $768,563 $697,250 136 Cash 4 $3,660,000 $915,000 $652,500 68 Jumbo Loan 1 $2,175,000 $2,175,000 $2,175,000 3   Analysis By Area Southern Shores Oceanside 13 $11,983,500 $921,808 $715,000 105 Totals 13 $11,983,500 $921,808 $715,000 105 LOTS/LAND Other 1 $200,000 $200,000 $200,000 301   Analysis By Area Southern Shores Oceanside 1 $200,000 $200,000 $200,000 301 Totals 1 $200,000 $200,000 $200,000 301   Non Co-op Sales 2 $2,850,000 $1,425,000 $1,425,000 3 Co-op Sales 12 $9,333,500 $777,792 $652,500 138 Total Sales 14 $12,183,500 $870,250 $695,000 119   Sold Market Sea Crest Village Real Estate Sold Jan...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Sold Market Chicahauk Real Estate Sold Jan 1, 2019 Through Jan 1, 2020   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 14 $6,176,500 $441,179 $417,250 86 VA 2 $959,900 $479,950 $479,950 99 Cash 3 $1,316,000 $438,667 $435,000 39   Analysis By Area Southern Shores Westside 19 $8,452,400 $444,863 $419,500 80 Totals 19 $8,452,400 $444,863 $419,500 80 LOTS/LAND Conventional 1 $165,000 $165,000 $165,000 927 Cash 2 $340,000 $170,000 $170,000 107   Analysis By Area Southern Shores Westside 3 $505,000 $168,333 $165,000 380 Totals 3 $505,000 $168,333 $165,000 380   Non Co-op Sales 2 $1,032,000 $516,000 $516,000 8 Co-op Sales 20 $7,925,400 $396,270 $412,500 132 Total Sales 22 $8,957,400 $407,155 $412,500 121   Sold Market Chicahauk Real Estate Sol...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Sold Market Southern Shores Waterfront Homes Sold Oct 1, 2018 to Oct 1, 2019   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 1 $1,775,000 $1,775,000 $1,775,000 32 Conventional 22 $12,485,100 $567,505 $519,000 128 VA 1 $553,900 $553,900 $553,900 92 Cash 8 $6,639,900 $829,988 $542,450 223 Jumbo Loan 2 $3,966,479 $1,983,240 $1,983,239 23   Analysis By Area Southern Shores Oceanside 8 $11,897,479 $1,487,185 $1,547,500 89 Southern Shores Westside 26 $13,522,900 $520,112 $496,500 156 Totals 34 $25,420,379 $747,658 $556,950 140   Non Co-op Sales 2 $2,505,200 $1,252,600 $1,252,600 4 Co-op Sales 32 $22,915,179 $716,099 $556,950 149 Total Sales 34 $25,420,379 $747,658 $556,950 140   Sold Market Southern Shores Waterfront Homes Sold Oct 1, 2017 to Oct 1,...
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By Greg Cremia
(Shore Realty of the Outer Banks)
  Sold Market Southern Shores Real Estate Sold Jul 1 - Oct 1,2019   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 2 $2,055,000 $1,027,500 $1,027,500 17 Conventional 19 $9,020,500 $474,763 $455,000 130 VA 1 $553,900 $553,900 $553,900 92 Cash 6 $3,265,000 $544,167 $535,000 87 Jumbo Loan 1 $850,000 $850,000 $850,000 383   Analysis By Area Southern Shores Oceanside 4 $3,410,000 $852,500 $627,500 53 Southern Shores Westside 25 $12,334,400 $493,376 $468,000 132 Totals 29 $15,744,400 $542,910 $469,000 121 LOTS/LAND Conventional 2 $355,000 $177,500 $177,500 466 Cash 2 $256,000 $128,000 $128,000 120   Analysis By Area Southern Shores Westside 4 $611,000 $152,750 $166,500 293 Totals 4 $611,000 $152,750 $166,500 293   Non Co-op Sales 0       0 Co-op Sales...
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By Greg Cremia
(Shore Realty of the Outer Banks)
  Sold Market Southern Shores Single Family Homes Sold Jan 1 - July 1, 2019   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 35 $16,196,784 $462,765 $419,500 129 VA 1 $549,900 $549,900 $549,900 188 Cash 10 $5,981,000 $598,100 $467,500 138 Jumbo Loan 2 $3,966,479 $1,983,240 $1,983,239 23   Analysis By Area Southern Shores Oceanside 9 $9,936,479 $1,104,053 $900,000 44 Southern Shores Westside 39 $16,757,684 $429,684 $430,000 147 Totals 48 $26,694,163 $556,128 $435,000 127   Non Co-op Sales 10 $6,477,884 $647,788 $493,500 110 Co-op Sales 38 $20,216,279 $532,007 $432,500 132 Total Sales 48 $26,694,163 $556,128 $435,000 127   Sold Market Southern Shores Single Family Homes Sold Jan 1 - July 1. 2018   No. of Listings Dollar Volume Average Price...
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By Greg Cremia
(Shore Realty of the Outer Banks)
Sold Market Southern Shores Real Estate Sold First Quarter 2019   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 13 $6,086,184 $468,168 $475,000 138 VA 1 $549,900 $549,900 $549,900 188 Cash 5 $2,261,000 $452,200 $512,000 189 Jumbo Loan 2 $3,966,479 $1,983,240 $1,983,239 23   Analysis By Area Southern Shores Oceanside 5 $6,006,479 $1,201,296 $980,000 17 Southern Shores Westside 16 $6,857,084 $428,568 $481,000 181 Totals 21 $12,863,563 $612,551 $512,000 142 LOTS/LAND Conventional 1 $139,900 $139,900 $139,900 66 Cash 2 $382,500 $191,250 $191,250 277   Analysis By Area Southern Shores Westside 3 $522,400 $174,133 $167,500 207 Totals 3 $522,400 $174,133 $167,500 207   Non Co-op Sales 4 $3,618,684 $904,671 $506,842 213 Co-op Sales 20 $9,767,27...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 This is your 2018 year end real estate sales update for the community of Shouthern Shores Landing in Southern Shores, NC. Sold Market Southern Shores Landing Real Estate Sales 2018   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Other 1 $298,000 $298,000 $298,000 96 Conventional 2 $467,500 $233,750 $233,750 33   Analysis By Area Southern Shores Westside 3 $765,500 $255,167 $235,000 54 Totals 3 $765,500 $255,167 $235,000 54   Non Co-op Sales 0       0 Co-op Sales 3 $765,500 $255,167 $235,000 54 Total Sales 3 $765,500 $255,167 $235,000 54   Sold Market Southern Shores Landing Real Estate Sales 2017   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 1 $217,000 $217,000 $217,000 212   Analysis By Area South...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 This is your 2018 year end real estate sales update for the community of Sea Crest Village in Southern Shores, NC. Sold Market Sea Crest Village Real Estate Sales 2018   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 4 $1,742,000 $435,500 $411,000 174 Cash 3 $1,560,000 $520,000 $420,000 95   Analysis By Area Southern Shores Oceanside 7 $3,302,000 $471,714 $420,000 140 Totals 7 $3,302,000 $471,714 $420,000 140 LOTS/LAND Other 1 $149,000 $149,000 $149,000 190 Conventional 1 $118,000 $118,000 $118,000 232 Cash 2 $485,000 $242,500 $242,500 70   Analysis By Area Southern Shores Oceanside 4 $752,000 $188,000 $179,500 141 Totals 4 $752,000 $188,000 $179,500 141   Non Co-op Sales 2 $550,000 $275,000 $275,000 2 Co-op Sales 9 $3,504,000 $389,333 $...
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By Greg Cremia
(Shore Realty of the Outer Banks)
 This is your 2018 year end real estate sales update for the community of Chicahauk in Southern Shores, NC. Sold Market Chicahauk Real Estate Sales 2018   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 15 $6,834,500 $455,633 $470,000 98 VA 1 $600,000 $600,000 $600,000 242 Cash 3 $1,440,857 $480,286 $501,357 103   Analysis By Area Southern Shores Westside 19 $8,875,357 $467,124 $480,000 106 Totals 19 $8,875,357 $467,124 $480,000 106 LOTS/LAND Conventional 3 $443,000 $147,667 $133,000 194 Cash 3 $489,900 $163,300 $161,900 138   Analysis By Area Southern Shores Westside 6 $932,900 $155,483 $152,450 166 Totals 6 $932,900 $155,483 $152,450 166   Non Co-op Sales 4 $802,500 $200,625 $182,500 214 Co-op Sales 21 $9,005,757 $428,846 $470,000 103 To...
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By Greg Cremia
(Shore Realty of the Outer Banks)
  This is your 2018 year end single family homes sales update for Southern Shores, NC. Sold Market Southern Shores Single Family Home Sales 2018   No. of Listings Dollar Volume Average Price Median Price Average DOM   RESIDENTIAL Conventional 70 $34,557,600 $493,680 $420,000 106 VA 4 $1,997,500 $499,375 $500,000 117 Cash 20 $10,876,344 $543,817 $436,500 128 Jumbo Loan 3 $3,525,000 $1,175,000 $1,075,000 95   Analysis By Area Southern Shores Oceanside 18 $13,902,000 $772,333 $647,500 179 Southern Shores Westside 79 $37,054,444 $469,044 $415,000 95 Totals 97 $50,956,444 $525,324 $431,000 111   Non Co-op Sales 9 $4,545,000 $505,000 $340,000 166 Co-op Sales 88 $46,411,444 $527,403 $433,000 105 Total Sales 97 $50,956,444 $525,324 $431,000 111   Sold Market Southern Shores Single Family Home S...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Southern Shores Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     20     $8,246,645     $412,332     $399,500     265                   FHA     1     $259,000     $259,000     $259,000     5                   VA     1     $305,000     $305,000     $305,000     514                   Cash     11     $5,623,217     $511,202     $480,467     66                   Jumbo Loan     1     $820,000     $820,000     $820,000     63                   USDA     1     $320,000     $320,000     $320,000     1          Analysis By Area                   Southern Shores Oceanside     7     $3,465,612     $495,087     $474,645     330                   Southern Shores Westside  ...
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By Greg Cremia
(Shore Realty of the Outer Banks)
    Sold Market Chicahauk Sold Stats 2017          No. of Listings     Dollar Volume     Average Price     Median Price     Average DOM       RESIDENTIAL                   Conventional     19     $8,100,550     $426,345     $420,000     151                   VA     1     $478,000     $478,000     $478,000     7                   Cash     3     $1,521,000     $507,000     $425,000     71                   USDA     1     $268,000     $268,000     $268,000     183          Analysis By Area                   Southern Shores Westside     24     $10,367,550     $431,981     $422,500     137                   Totals     24     $10,367,550     $431,981     $422,500     137     LOTS/LAND                   Cash     6     $808,500     $134,750     $131,750     319          Analysis By Area       ...
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