Corolla Real Estate - Market Conditions Report - November 2017*

The Corolla real estate market enjoyed a very healthy fall sales season.  The number of homes sold will certainly exceed 2016 totals when December's report comes out; total sales in both October and November increased over similar month totals in 2016.*

But that's not the real story here...

The real story is in the double digit increase seen in 2017 in median sales value over last year.  Granted, we still need December's numbers to come in, but with 11 months of reporting, the median value of homes in Corolla has increased 12% over 2016 values.  More importantly, this is the highest median sales value to date of any area on the Outer Banks!*

Even the snow can't stop this red-hot market, as 4 homes for sale in Corolla have gone under contract in the last 4 days - two in Whalehead, one in Monteray Shores, and one in Corolla Bay*...

So if you're considering purchasing an investment property, whether it's an oceanfront home for sale in Corolla, a Corolla sound front home for sale, or something in-between, give me a call today at 252.207.1617 and let's get started finding the perfect home to meet your investment needs.


*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; most recent sales data from OBAR MLS for the period 1/4/18 - 1/8/18.