March 2015 Recap

Posted on Posted in News

The early signs of spring are abundant in Duck as the first waves of visitors have arrived for spring break!  After a record breaking cold winter we couldn’t be happier to watch the transformation around us. 

In Outer Banks news, we are pleased that the west bound lanes of the Wright Memorial Bridge should be opening in mid May.  We have enclosed an article about the bridge.  We are also enclosing an article about the strange rumblings we experienced several times over the winter.  We felt what might have been small earthquakes along the Outer Banks, and speculation has run high.  You’ll also find an article about the recent closure of Oregon Inlet to vessels that draw more than two feet of water.  This is a major concern for the area, and we hope there is a quick resolution. 

The real estate market seems to be on a continued path towards a slow and steady recovery.  The numbers for the first quarter look very promising.  Residential sales are up on the Northern Outer Banks with 94 units closing compared to only 78 during the first quarter of 2014.  Land sales are also on the rise, and foreclosures have continued to decline. 

As always, please do not hesitate to call, email, or stop by with any real estate or local-area questions we might be able to help with.