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 Virginia Pilot reported today that construction on the Mid-County Currituck Bridge is scheduled to begin in February or March next year. While there are still many details to work out it is seems that after 20 years the bridge will finally get built. Once completed, scheduled for 2013, the bridge will help ease the summer traffic coming ...

  It's great that Corolla is finally getting a bike trail. I see so many people walking and biking along Hwy 12 and it is very dangerous. The roads are curvy with lots of blind spots so this trail will help keep the locals and tourists safe. After all the money the government has wasted over the last few years of bailouts I am glad to ...

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 ...

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 ...

Outer Banks named “Drive of a lifetime” by National Geographic Magazine This 114-mile drive cruises from Corolla to Ocracoke Village. Start at the northern end of Highway 12, literally where the pavement turns to sand at the Currituck Banks Estuarine Reserve. Follow it to Route 158, which is the bypass road for Highway 12 and travels ...

Outer Banks Best Beaches and Bargains 2009Top Travel Lists And Great Offers Make NC Barrier Islands Smart Choice(Outer Banks, NC) June 25, 2009 – The Outer Banks of North Carolina is fast becoming the preferred choice for families looking for value-added vacations closer to home with all the fun in the sun this summer.  Here is some of ...