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Nags Head Real Estate - Market Conditions Report - November 2017

by Holleay Parcker

Nags Head Real Estate - Market Conditions Report - November 2017*

The Nags Head real estate market has shown gains in 2017 in the number of units sold.  Year to date total sales stand at 212, which is up significantly from the 187 homes sold in 2016.*  That's good news.

More good news is that the median sales price has risen steadily from 2014 through 2016.  Nags Head real estate has seen gains of 4% in 2014; another 4% in 2015; and 6% in 2017.*

And then there's 2017...

While the number of home sales in Nags Head has increased, the median sales price has decreased 1%.*  Now, this isn't alarming, given the fact that values have been on a steady march for the past three years.  However, it is worth watching to see if this is an anomaly or a new trend. 

If you're interested in purchasing an oceanfront home for sale in Nags Head, an investment property or a second home, give me a call today at 252.207.1617.  There are many beautiful sections of Nags Head that many visitors are unaware of.  I am happy to show you the incredible beauty of this town, and to assist you with your purchase of Nags Head real estate, so call today and let's get started!    

 *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.

Old Nags Head Place Real Estate - Nags Head Lot For Sale

by Holleay Parcker

Old Nags Head Place Real Estate

Located Oceanside in Nags Head, and just 2 lots off the ocean, this 10,000 square foot Nags Head lot for sale should support a 5 bedroom house with a pool, and may have ocean views.  Old Nags Head Place real estate is a favorite with investors and second home owners alike, as this is one of the newer subdivisions between the highways in Nags Head.  All of the homes built here are relatively new, with Florez and Florez inspired architectural designs that maintain the historic Old Nags Head cottage style while providing tons of curb appeal as well.

Nags Head Lot For Sale

Getting to the beach is a short walk indeed, as there are three beach accesses within the subdivision.  The southernmost beach access is located on Hollowell Street, and this access provides plenty of parking, an outdoor shower, and a wood walkway to the beach.  Most important to note is that there is a lifeguard on duty here during the season.  The access at Curlew Street is located in the middle of the subdivision, and offers plenty of parking.  The northernmost beach access is located at Bainbridge Street.

Old Nags Head Place beach access

Because this is such a desirable neighborhood, there are only a handful of vacant lots for sale in Old Nags Head Place, and fewer still on the east side of Memorial Avenue.  Many Outer Banks investors choose to build a new construction home here and rent it out, because the rental income generated is consistently high for a five bedroom home with a pool.  While the majority of Old Nag Head Place real estate homes for sale are investment properties, there are many second homes also, with a few primary homes as well.  

From the bypass, it’s hard to miss Old Nags Head Place, as it’s located across the street from the entrance to Jockey’s Ridge, the single most visited tourist attraction on the Outer Banks.  The traffic light on Hollowell Street allows access on and off of the bypass, which makes getting around during the season much easier.  Street lights are another convenience in this subdivision, and the beach access on Curlew Street is lighted as well, so walking to and from the beach in the evenings is a snap.

Nags Head beaches

If you’re interested in purchasing a Nags Head lot for sale, this Old Nags Head real estate parcel located at 3521 S Memorial Avenue, Nags Head may be the perfect fit for you.  The asking price is just $205,000.  Call your Nags Head real estate agent Holleay Parkcer today toll-free at 877.207.1617 for more information regarding the Old Nags Head Place restrictive covenants as well as a copy of the lot survey.         



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Contact Information

Photo of Holleay Parcker Real Estate
Holleay Parcker
Spinnaker Realty LLC
4012 Creek Road
Kitty Hawk NC 27949