Salvo, NC Foreclosures
How much do homes sell for in Salvo, NC?
The average home price is currently $752,058.
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 $4,759,830.
What is currently the cheapest priced home in Salvo, NC?
The cheapest home for sale in Salvo is priced at $15,508.
Living in Salvo, NC
Salvo, NC is a coastal gem on Hatteras Island, known for its beautiful beaches and relaxed lifestyle. The town offers a tight-knit community and is ideal for those seeking outdoor activities like fishing and surfing. With essential amenities and local charm, Salvo is a fantastic place for families and vacationers alike.
Current Market Conditions in Salvo, NC
The real estate market in Salvo has been relatively stable over the past few years, showing a consistent demand for beach homes and rental properties. With its prime location in the Outer Banks, properties here are often sought after, especially during peak tourist seasons. Buyers are increasingly interested in investing in rental properties due to the area's popularity as a vacation destination.
In recent months, the demand for homes in Salvo has increased as more people look towards coastal living as an attractive option. Oceanfront properties are particularly in demand, leading to competitive pricing. However, the market remains accessible for various buyers, allowing a mix of new and seasoned investors to find opportunities.
Home Value Estimator For Salvo, NC
There are currently 238 real estate properties
in Salvo, NC,
with a median automated valuation model (AVM) price
of $618,608.00. 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 $752,058.00, with the most expensive house
in Salvo, NC, topping out
at $4,759,830.00 and the cheapest home
in Salvo, NC,
clocking in at $15,508.00. 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
