Duck Real Estate - Market Conditions Report - November 2017*

Even without December's data reported yet, Duck real estate has surpassed the number of units sold in 2016.  That's good news, because more units sold in 2016 than have sold in any year since 2013!*  

However, the trend of median sales price for Duck real estate over the last few years is not nearly as straightforward... The median sales price in 2013 was $499,900.  Year to date totals in 2017 show a median sales price of $465,500.*  So what happened?

The median sales price of Duck real estate increased 4% in 2013, and an additional 2% in 2014.  While not tremendous gains, at least both were in positive territory.  2015 saw a substantial decrease of 14% in median sales price, and although a gain of 8% occurred in 2016, it appears there will be a small loss in 2017 when the final figures come in.*

Duck Real Estate-  Market Statistics

What this means for buyers interested in purchasing Duck real estate is that now is a good time to buy.  The median price is nearly $35,000 less than it was 4 years ago.*  

There are many factors to consider when thinking about buying a home for sale in Duck.  The age of the home, its condition and amenities, the condition and age of surrounding homes, distance to the beach, rental history, and the stability of the beach and dunes are just a few factors you'll need to consider, whether you desire to purchase an oceanfront home for sale in Duck,  a Duck soundfront home for sale, or an ocean side condominium.

Call your Duck real estate agent Holleay Parcker today at 252.207.1617 and let's get started turning your dream into a reality!

*YTD figures are based on information from the Outer Banks Association of REALTORS® MLS for the period January 1, 2017 through November 30, 2017. Historical data from OBAR MLS for the period 1/1/2013 – 12/31/16.