The hustle and bustle of the holiday season is now behind us, and the children are heading back to school. We hope everyone had a wonderful holiday season and 2014 is off to a great start!
December remained a mild month on the Outer Banks. We even had one beach day towards the middle of the month! Each year we find that more and more visitors spend their fall and winter holiday vacations here on the Outer Banks and in Duck especially. We enjoyed two weeks of visitors this year, and our sidewalks and restaurants were summerlike with activity. We expect a lot of visitors once again for the Martin Luther King holiday weekend. Time will tell if they will be ready to take advantage of the great real estate deals of today’s market.
2013 wasn’t our year to break records. We closed close to 7 million in sales as a team, ranking us once again among the top agents on the Outer Banks. Residential sales were down 3% from 2012. However, land sales increased by 7%. We have enclosed the year-end statistical report for your review. The good news is that inventory continues to slowly decline. The even better news is that short sales are down by 26%, and foreclosures are down by 19%. Most predict that interest rates will go up before the end of 2014. The perfect ingredients are in place for the Outer Banks real estate market to flourish once again.
Let us hear from you!