Coldwell Banker Seaside Realty led the Outer Banks market in 2019 as the firm that sold the most real estate in both units and sales volume.
Additionally, Coldwell Banker Seaside Realty topped $220 million in sales for 2019 making it the only firm in the market to reach over $200 million in sales for two years in a row.
The Outer Banks residential market saw an 8% increase in both units and sales volume compared to 2018. The average sales price declined slightly to $416,698. The declining inventory helped lower the average days on the market which ended the year at just 117 days.
“We saw the market in our area shift from what has been a traditional seasonal market towards a more year-round market in 2019. December is always a strong month but this year, the 4th quarter was our best quarter of the year. Although the investment and second home market continue to dominate, there are now more people moving to the Outer Banks to live year-round. Advances in technology have allowed people to live anywhere and work from home and I believe we are seeing the benefit of this on the OBX. According to the Outer Banks Association of Realtors MLS, the area also had the best quarter of the year in both units and sales volume,” explains Pamela Smith, Vice President of Sales at Coldwell Banker Seaside Realty.
Family owned and operated and celebrating their 30th anniversary this year, Coldwell Banker Seaside Realty offers real estate services to buyers and sellers across the Outer Banks and all of northeastern North Carolina.