January/February 2015 Recap

Posted on Posted in News

The months of January and February dashed our hopes of a mild winter on the Outer Banks.  Like many of our neighbors to the west and north we, too, experienced record breaking cold temperatures in February.  The Albemarle sound was nearly frozen over for several days.  Schools and offices were closed for several days due to icy roads and light snowfall. 
 
In real estate news, sales are starting slowly for 2015. Total volume for both Dare and Currituck Counties is down by 21%.   However, land sales are up drastically, by 41%, and foreclosures continue to decline.  Residential inventory is up by just 4%, which is typical for this time of year.  With the rental season on the horizon and spring quickly approaching, we expect the sales volume to increase over the next two months. 
 
In a continued effort to streamline our business and to save some trees, our goal for this year is to switch our monthly mailing to an email format. Please send your current email address to hmclay@twiddy.com so we can update or add to our records.   If you have already done so, thank you.
 
Over the last seven years we resided at 1183 Duck Road.  We have moved back to 1181 Duck Road, the main building.  As always, feel free to stop by when you are in Duck.
 
We appreciate your business and take seriously your trust and confidence in our ability to get the job done.