Kitty Hawk Real Estate Update 2020 16 February 2020 Administrator Market Updates, Kitty Hawk Sold Market Kitty Hawk Real Estate Sold Jan 1, 2019 Through Jan 1,2020 No. of Listings Dollar Volume Average Price Median Price Average DOM RESIDENTIAL Conventional 90 $33,932,758 $377,031 $385,000 88 FHA 2 $490,500 $245,250 $245,250 32 VA 6 $1,951,800 $325,300 $334,950 112 Cash 29 $11,476,110 $395,728 $346,440 80 Owner Finance 2 $1,179,000 $589,500 $589,500 224 Jumbo Loan 3 $2,636,900 $878,967 $786,900 20 USDA 1 $201,150 $201,150 $201,150 1 Analysis By Area Kitty Hawk Oceanside 10 $5,019,573 $501,957 $462,450 83 Kitty Hawk between Hwys 41 $18,576,170 $453,077 $415,000 80 Kitty Hawk Westside 82 $28,272,475 $344,786 $338,700 89 Totals 133 $51,868,218 $389,987 $375,000 86 LOTS/LAND Other 2 $1,590,675 $795,338 $795,337 326 Conventional 4 $505,000 $126,250 $123,500 147 Cash 6 $1,019,500 $169,917 $140,000 61 Analysis By Area Kitty Hawk between Hwys 3 $525,000 $175,000 $178,000 24 Kitty Hawk Westside 9 $2,590,175 $287,797 $105,000 170 Totals 12 $3,115,175 $259,598 $133,500 134 COMMERCIAL/INDUSTRIAL Conventional 2 $998,000 $499,000 $499,000 266 Private 1 $2,100,000 $2,100,000 $2,100,000 1354 Analysis By Area Kitty Hawk between Hwys 1 $2,100,000 $2,100,000 $2,100,000 1354 Kitty Hawk Westside 2 $998,000 $499,000 $499,000 266 Totals 3 $3,098,000 $1,032,667 $868,000 629 RESIDENTIAL LONG TRM RENT Rented 1 $2,650 $2,650 $2,650 147 Analysis By Area Kitty Hawk Westside 1 $2,650 $2,650 $2,650 147 Totals 1 $2,650 $2,650 $2,650 147 Non Co-op Sales 30 $10,552,130 $351,738 $338,750 82 Co-op Sales 119 $47,531,913 $399,428 $370,000 106 Total Sales 149 $58,084,043 $389,826 $355,000 101 Sold Market Kitty Hawk Real Estate Sold Jan 1, 2018 Through Jan 1, 2019 No. of Listings Dollar Volume Average Price Median Price Average DOM RESIDENTIAL Other 1 $777,000 $777,000 $777,000 133 Conventional 88 $32,634,950 $370,852 $341,000 102 FHA 4 $1,142,000 $285,500 $287,000 92 VA 1 $345,000 $345,000 $345,000 43 Cash 18 $6,899,000 $383,278 $372,500 82 Owner Finance 1 $380,600 $380,600 $380,600 347 Jumbo Loan 3 $2,629,900 $876,633 $725,000 19 Analysis By Area Kitty Hawk Oceanside 7 $2,874,000 $410,571 $399,000 20 Kitty Hawk between Hwys 32 $15,749,200 $492,163 $420,000 158 Kitty Hawk Westside 77 $26,185,250 $340,068 $325,000 80 Totals 116 $44,808,450 $386,280 $352,000 98 LOTS/LAND Other 2 $245,000 $122,500 $122,500 87 Conventional 6 $558,000 $93,000 $106,250 234 Cash 13 $1,913,285 $147,176 $125,000 189 Analysis By Area Kitty Hawk between Hwys 2 $372,500 $186,250 $186,250 165 Kitty Hawk Westside 19 $2,343,785 $123,357 $107,785 195 Totals 21 $2,716,285 $129,347 $108,000 192 COMMERCIAL/INDUSTRIAL Conventional 3 $2,817,500 $939,167 $800,000 179 Cash 1 $135,000 $135,000 $135,000 973 Analysis By Area Kitty Hawk Oceanside 1 $1,350,000 $1,350,000 $1,350,000 332 Kitty Hawk between Hwys 1 $800,000 $800,000 $800,000 202 Kitty Hawk Westside 2 $802,500 $401,250 $401,250 488 Totals 4 $2,952,500 $738,125 $733,750 378 Non Co-op Sales 19 $5,994,100 $315,479 $350,000 201 Co-op Sales 122 $44,483,135 $364,616 $325,000 107 Total Sales 141 $50,477,235 $357,995 $325,000 120