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 ...

[photo:listing:11702249] Turn Key Ready For New Buyer • 1,008 sq. ft., 2 bath, 3 bdrm single story - MLS® $275,000 - Short Sale- Walk To Beach Dare County, North Carolina  -  Fantastic Short Sale opportunity! Walk to the Atlantic Ocean or the Pamlico Sound. The Hatteras Kite House has an awesome location in the center ...

[photo:listing:11702336] Walk To Beach • 1,205 sq. ft., 2 bath, 3 bdrm manufactured home - MLS® $215,000 - Short Sale Opportunity Dare County, North Carolina  -  Short Sale opportunity to pick up a nice house in a great location in Waves. Short walk to the beach and close to all the Hatteras Island water sports such ...

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 ...

If you have been following the financial news lately you may have started to hear talk about when the FED is going to raise interest rates. It should be no surprise that sooner or later the FED will have to raise rates since they have been at all time lows for many years.  The FED is going to have to be extra careful when the time comes to ...

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 ...

Opening on Thursday, October 8, with 29 homes spanning Corolla on the Currituck Banks to the laid back atmosphere of the towns on Hatteras Island, the Outer Banks Home Builders Association's 17th Annual Parade of Homes promises a fresh perspective on newly constructed coastal homes. This year's sampling of homes has incorporated new ...