Southern Shores Real Estate Update 2020

04 February 2020 Administrator Market Updates, Southern Shores
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 $200,000 $200,000 $200,000 301
Southern Shores Westside 10 $1,675,400 $167,540 $167,750 220
Totals 11 $1,875,400 $170,491 $168,000 227
RESIDENTIAL LONG TRM RENT
Rented 2 $3,850 $1,925 $1,925 126
 
Analysis By Area
Southern Shores Westside 2 $3,850 $1,925 $1,925 126
Totals 2 $3,850 $1,925 $1,925 126
 
Non Co-op Sales 15 $7,662,734 $510,849 $430,000 97
Co-op Sales 106 $54,713,679 $516,167 $435,000 133
Total Sales 121 $62,376,413 $515,508 $435,000 128

 

Sold Market Southern Shores Real Estate Sold Jan 1, 2018 Through Jan 1, 2019
  No. of Listings Dollar Volume Average Price Median Price Average DOM
 
RESIDENTIAL
Other 1 $298,000 $298,000 $298,000 96
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 80 $37,352,444 $466,906 $412,500 95
Totals 98 $51,254,444 $523,005 $430,500 111
LOTS/LAND
Other 3 $539,000 $179,667 $149,000 296
Conventional 6 $989,400 $164,900 $142,950 149
Cash 20 $3,988,600 $199,430 $135,000 262
Owner Finance 1 $381,300 $381,300 $381,300 14
 
Analysis By Area
Southern Shores Oceanside 8 $2,522,000 $315,250 $272,500 285
Southern Shores Westside 22 $3,376,300 $153,468 $135,000 216
Totals 30 $5,898,300 $196,610 $139,000 235
 
Non Co-op Sales 14 $5,388,000 $384,857 $301,250 170
Co-op Sales 114 $51,764,744 $454,077 $401,200 136
Total Sales 128 $57,152,744 $446,506 $391,000 140

 

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