Outer Banks Multiple Listing Stats as of 12/1/13

There are over 3,000 listings on the market, out of those 3000 only 9% are distressed sales. There are 381 under contract or under contract continue to show. Out of these under contract listings 30% are distressed sales.

Current  active listings average days on market is 301.  322 new listings came on the market in past 30 days and 114 went under contract

Year to date 1886 properties have closed, and in 2012 there were 1916 properties to sell year to date.We are down 1.57% from 2012.

The average days on market for sold listings in 2013 are 239, and for 2012 they were 237. In 2013 the sold price was 93% of asking price and in 2012 the sold listings were 85% of asking price.

In 2013 and 2012 the number of distressed sales for sold listings  was  32%
This information was taken from OBXWHERE application.

What is OBXWHERE?

The purpose of OBXWhere application (app) is to allow for anyone to search for properties for sale on and near the Outer Banks of NC. OBXWhere is a web app that runs in almost any web browser. Formatted for a smartphone, it also runs on computers. So, you do not need to download anything from an app store to start using it. You can bookmark it and/or save to your mobile device's home screen to quickly access it.

OBXWhere is used by many agents, belonging to Outer Banks of Association Realtors® (OBAR), to provide easy access to information on properties for sale. It is free for anyone to use to look up property for sale and to contact the agent. There is also an evolving "Area Info" section where you can find information about areas as well as events.