Outer Banks, North Carolina Real Estate

To say 2010 is off to a great start is an understatement.  This year there has been 186 closings, 31% more than at this same point last year. In 2010 the average sold price of a house is up 12.6% from the end of 2009 and 13.5% from October ‘09, the last month prices declined. With the pace of buyer activity not slowing down I think we ...

Many people would love to own a beach house on the Outer Banks but have no idea how much it costs or what’s involved.  Since most of the houses on the Outer Banks are used as weekly vacation rentals many people want to know what portion of the rental income will help pay for the expenses and what will be left over to go towards the ...

It’s been a long time coming but after 4 1/2 years of price declines and decreased sales the Outer Banks real estate market is back!! While the beginning of 2009 started off looking like a repeat of 2008 with prices continuing to decrease things turned around in the fall. Buyers finally decided that the time was right and the average price ...

IT HAS FINALLY HAPPENED!!!! The average price for a home sold on the Outer Banks has finally stopped going down!! As a matter of fact it actually went up just a bit. For the first time in 2009 or 2008 for that matter prices have finally leveled off (follow the monthly trend on the OBX Stats page of my website).  The average sold price in ...

The Outer Banks real estate market continues to put up good numbers as we head into the last quarter of 2009. For the 5th straight month the number of sold houses were over 100.  If the number of sold houses continues on its current pace in October it will be 6 months in a row. Buyers are realizing that the prices and mortgage rates ...

OK, it’s time to breath again after a busy summer season on the Outer Banks.  Now comes what I consider the absolute best time to visit the Outer Banks, Fall!! As for the Outer Banks real estate market many of you have been waiting and waiting for what you would consider the “right time” to buy.  Here on the Outer ...

With 5 months of 2009 down I believe the Outer Banks real estate market is on the road to recovery. May was another strong month as buyers took advantage of the great deals that remain. Since reaching the bottom of the market in January of this year there has been on a steady upward trend in houses going under contract and closing. ...

 The bottoming of the Outer Banks real estate market has begun.   For the first time since August 2005 the Outer Banks real estate market has shown significant and sustained signs of life. How can that be since all you hear from the media is the real estate market is still a year away from the bottom? The most important thing to ...

When I first started to sell real estate on the Outer Banks most of my clients that ended up buying here were long time visitors. However as I was able to get my website www.HometownOBX.com up an running, I was getting more and more people inquiring about real estate that have never been to the Outer Banks. So a few ...

Now that the sun is warm and Spring is here it's time to make your plans to get down to the Outer Banks!! The great thing about renting a place on the Outer Banks are the options available from cozy beach houses and condo's to the mega mansions on the oceanfront. No matter how big or small your budget there is ...