Salvo, NC Foreclosures
How much do homes sell for in Salvo, NC?
The average home price is currently $752,945.
In Salvo, NC, how many homes are available?
There are currently 2 active home listings available in Salvo.
What’s the average rental cost in Salvo, NC?
The average rental price in Salvo is $1,579.
What is the most expensive home in Salvo?
The most expensive home sold in Salvo had a price of $5,069,450.
What is currently the cheapest priced home in Salvo, NC?
The cheapest home for sale in Salvo is priced at $15,333.
Living in Salvo, NC
Salvo, NC is a tranquil coastal community in the Outer Banks, known for its breathtaking beaches and outdoor activities. With a relaxed lifestyle and a close-knit community feel, Salvo offers delightful local amenities and historical charm. This idyllic retreat is perfect for families and vacationers alike, providing ample opportunities for exploration and relaxation.
Current Market Conditions in Salvo, NC
The real estate market in Salvo, NC has shown a steady growth trend, driven by its desirable location along the coast and the increasing popularity of vacation rentals. Home prices have seen a gradual rise, reflecting demand from both long-term residents and investment buyers looking for rental properties in the region. The average time on the market has slightly decreased due to a competitive environment in the real estate sector, especially during peak tourist seasons.
Recent trends indicate a growing interest in eco-friendly and sustainable living, with buyers leaning toward properties that emphasize energy efficiency and natural materials. This shift is influencing new builds and renovations in Salvo, as many homebuyers seek residences that align with their environmental values.
Home Value Estimator For Salvo, NC
There are currently 221 real estate properties
in Salvo, NC,
with a median automated valuation model (AVM) price
of $622,638.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Salvo, NC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Salvo, NC,
is $752,945.00, with the most expensive house
in Salvo, NC, topping out
at $5,069,450.00 and the cheapest home
in Salvo, NC,
clocking in at $15,333.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Salvo, NC!
Rent Prices
In Salvo, NC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Salvo, NC, is on
a rollercoaster ride. The
average rent price in Salvo, NC,
is $1,579.00. Indeed, when looking to rent in
Salvo, NC, you can expect to pay as little
as $1,050.00 or as much
as $2,270.00,
with the average rent median estimated to
be $1,490.00. The good news is that finding
an affordable and desirable property to rent in Salvo, NC
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
