Estimated cost of a dead deal
$19,300
on a typical $712,000 home with a mortgage · $15,200 if it's paid off
- Contracts that fell apart
- 15% about 1 in 7 · 66 of 439
- Extra days on the market
- 36 88 vs. 52 on the first contract
- Lower sale price
- 1.9 pts 93.7% vs. 95.6% of first asking
- Never sold at all
- 31% of the homes whose deal died
When a deal dies on a home with no crawl space in ZIP 28465, it costs the seller about $19,300
66 of about 439 contracts for homes with no crawl space (slab, basement or pilings) in ZIP 28465 fell apart over the last 12 months — about 1 in 7. The ones that sold later took 36 more days and sold for 1.9 points less of their first asking price than homes that closed on the first contract. And 31% of the homes whose deal died never sold at all.
- Holding costs run about $160 a day on a typical $712,000 home — 36 extra days is about $5,770.
- The price scar alone is about $13,500 on a $712,000 home.
- Where the MLS kept the date, the contract lasted a median of 20 days before it fell apart.
- 29% came back on the market at a lower price (a median 6.0% below the first price).
- Most resale deals die over the home inspection, the appraisal or the buyer's loan. A pre-market inspection finds the big items before a buyer does.
What would it cost you?
Put in your own numbers. Leave the loan at 0 if your home is paid off.
$19,300
36 extra days at about $160 a day = $5,772 in holding costs, plus $13,528 from a 1.9-point lower price.
An estimate, not a quote. Uses this area's extra days and price scar; interest only on the mortgage; taxes scaled from the area's median bill; insurance $250/month, upkeep 1% of value a year, utilities $250/month.
Take the surprise off the table
Most resale deals die over the inspection, the appraisal or the loan. A pre-market inspection finds the big items before a buyer does — so there's nothing left to renegotiate or walk away over. It's part of our home selling system.
What happened next
- Sold later 38% — after 88 days in all, for 93.7% of the first price
- Still trying 45% — back on the market or under contract again
- Never sold 17% — expired, canceled or withdrawn
Homes that sold on their first contract took 52 days and sold for 95.6% of their first price. 29% of the homes that came back on the market cut their price.
By age of the home
Older homes give inspectors more to find.
| Contracts | Fell apart | Extra days | Price scar | Est. cost | |
|---|---|---|---|---|---|
| Under 10 yrs | 143 | 11% | 119 | 2.7 pts | $41,000 |
| 10–19 yrs | 54 | 15% | — | — | — |
| 20–29 yrs | 116 | 19% | 22 | 4.9 pts | $30,800 |
| 30–49 yrs | 184 | 18% | 79 | 5.7 pts | $44,700 |
| 50+ yrs | 102 | 17% | 52 | 0.3 pts | $7,700 |
By first asking price
Homes behind the numbers
Back on the market
Their contract fell apart; they're for sale again.
- 204 NE 60th Street, Oak IslandBack on the market · $774,900 · fell apart Oct 1, 2026
- 108 Caswell Beach Road, Oak IslandBack on the market · $1,495,000 · fell apart Oct 1, 2026
- 104 SW 30th Street, Oak IslandBack on the market · $715,000 · fell apart Oct 1, 2026
- 1622 E Beach Drive, Oak IslandBack on the market · $999,999 · fell apart Oct 1, 2026
- 119 NE 27th Street, Oak IslandBack on the market · $615,000 · fell apart Sep 29, 2026
- 105 NW 29th Street, Oak IslandBack on the market · $639,900 · fell apart Sep 25, 2026
- 314 NE 61st Street, Oak IslandBack on the market · $939,000 · fell apart Sep 25, 2026
- 105 SE 17th Street, Oak IslandBack on the market · $649,999 · fell apart Sep 2, 2026
- 515 W Beach Drive, Oak IslandBack on the market · $1,199,900 · fell apart Sep 2, 2026
- 308 E Beach Drive, Oak IslandBack on the market · $1,375,000 · fell apart Aug 28, 2026
- 5400 E Yacht Drive A2, Oak IslandBack on the market · $409,000 · fell apart Aug 3, 2026
- 2617 E Beach Drive, Oak IslandBack on the market · $2,290,000 · fell apart Jul 31, 2026
- 133 SE 48th Street, Oak IslandBack on the market · $850,000 · fell apart Jul 27, 2026
- 6602 W Beach Drive, Oak IslandBack on the market · $1,100,000 · fell apart Jul 1, 2026
- 104 NE 8th Street, Oak IslandBack on the market · $625,000 · fell apart Jun 22, 2026
- 121 SE 67th Street, Oak IslandBack on the market · $2,990,000 · fell apart Jun 18, 2026
- 103 SE 74th Street, Oak IslandBack on the market · $975,000 · fell apart Jun 9, 2026
- 2911 E Pelican Drive, Oak IslandBack on the market · $1,090,000 · fell apart Apr 1, 2026
- 1803 W Yacht Drive, Oak IslandBack on the market · $679,000 · fell apart Feb 15, 2026
Under contract again
Second try under way.
- 805 E Yacht Drive, Oak IslandUnder contract again · $818,000 · fell apart Sep 16, 2026
- 217 NE 61st Street, Oak IslandUnder contract again · $539,900 · fell apart Sep 9, 2026
- 116 NW 2nd Street, Oak IslandUnder contract again · $599,000 · fell apart Jul 18, 2026
- 3003 W Oak Island Drive, Oak IslandUnder contract again · $645,000 · fell apart Jul 8, 2026
- 148 NW 3rd Street Units A & B, Oak IslandUnder contract again · $450,000 · fell apart Mar 16, 2026
Sold after a deal fell apart
It closed — on a later contract.
- 116 SE 55th Street, Oak IslandSold · $700,000 · fell apart Aug 11, 2026
- 602 Mimosa Place, Oak IslandSold · $1,375,000 · fell apart Jul 23, 2026
- 2605 E Beach Drive, Oak IslandSold · $2,915,000 · fell apart Jul 16, 2026
- 6008 W Beach Drive, Oak IslandSold · $2,390,000 · fell apart Jul 11, 2026
- 4107 E Oak Island Drive, Oak IslandSold · $425,000 · fell apart Apr 25, 2026
- 113 NE 54th Street, Oak IslandSold · $685,000 · fell apart Apr 23, 2026
- 2003 W Pelican Drive, Oak IslandSold · $1,180,000 · fell apart Apr 6, 2026
- 233 NE 75th Street, Oak IslandSold · $375,000 · fell apart Mar 31, 2026
- 3208 E Pelican Drive, Oak IslandSold · $880,000 · fell apart Mar 30, 2026
- 7403 E Beach Drive, Oak IslandSold · $1,600,000 · fell apart Mar 28, 2026
- 1919 E Beach Drive, Oak IslandSold · $1,100,000 · fell apart Mar 25, 2026
- 3325 W Beach Drive, Oak IslandSold · $980,000 · fell apart Mar 19, 2026
- 159 NW 4th Street, Oak IslandSold · $365,000 · fell apart Feb 16, 2026
- 3724 E Beach Drive, Oak IslandSold · $1,100,000 · fell apart Jan 20, 2026
- 113 SW 22nd Street, Oak IslandSold · $999,900 · fell apart Dec 14, 2025
- 926 E Beach Drive, Oak IslandSold · $787,000 · fell apart Dec 1, 2025
- 148 NE 12th Street, Oak IslandSold · $554,000 · fell apart Nov 30, 2025
- 3325 W Beach Drive, Oak IslandSold · $980,000 · fell apart Nov 30, 2025
- 6707 Kings Lynn Drive, Oak IslandSold · $825,000 · fell apart Nov 29, 2025
- 115 NE 66th Street, Oak IslandSold · $445,000 · fell apart Nov 22, 2025
- 114 NE 50th Street, Oak IslandSold · $425,000 · fell apart Nov 8, 2025
- 3228 E Dolphin Drive, Oak IslandSold · $1,610,000 · fell apart Nov 2, 2025
- 2906 E Dolphin Drive, Oak IslandSold · $610,000 · fell apart Oct 22, 2025
- 98 Foxfire Trace, Caswell BeachSold · $750,000 · fell apart Oct 20, 2025
Most recent first. Homes that were withdrawn, expired or canceled are counted in the numbers but not listed here.
Questions sellers ask
How often do home sale contracts fall apart in ZIP 28465?
66 of about 439 contracts for homes with no crawl space (slab, basement or pilings) in ZIP 28465 fell apart over the last 12 months — about 1 in 7.
What does a failed contract cost a seller in ZIP 28465?
About $19,300 on a typical $712,000 home — 36 extra days of holding costs (about $160 a day with a mortgage) plus a 1.9-point lower sale price. With no mortgage it's about $15,200.
Why do home sale contracts fall apart?
The MLS doesn't record the reason. In our experience the most common are home inspection findings (roof, HVAC, moisture and crawl space, wood-destroying insects, electrical and plumbing), appraisals below the price, and buyer financing. In North Carolina a buyer can walk away for any reason during the due diligence period.
How can a seller keep a deal from falling apart?
Have the home inspected before it goes on the market, then fix or disclose the big items up front. Buyers can't use a surprise to renegotiate or walk away when there's no surprise left. A pre-market inspection is part of the Buddy Blake Team's home selling system.
Resale homes only — new construction and land are left out. A deal "fell apart" when a home went under contract and then came back on the market, or was canceled, withdrawn or expired after a contract was written, however long the contract lasted. Extra days and the price scar compare homes that sold after a deal fell apart with homes that sold on their first contract in the same area and slice. The MLS doesn't record why a contract ended. Source: Hive MLS data compiled by the Buddy Blake Team, updated October 3, 2026.