June 2015 Recap

Posted on Posted in News, News Letter

Our summer season is in full swing!  The beaches are packed, and local business owners are happy.  Surprisingly, traffic was very mild during June, and visitors enjoyed free-flowing traffic into Duck up through the last weekend of June.  As for many areas on the East Coast, June also brought some excessive heat.  We are hopeful that isn’t a sign of a warmer than normal August to come.  Despite national media coverage,  shark sightings have not seemed to deter any visitors from enjoying the ocean.

The market continues to show signs of improvement.  Residential sales are up by 8% as of the June report with single family homes leading the way at an increase of 9%.  Land sales are also looking strong with a 9% gain over last year.  The inventory is down by 10%.  We continue to see dramatic decreases in the number of distress property sales and foreclosures for the area.

If you are in Duck please stop by and say hello.  And do not hesitate to ask if you have any real estate related needs.  Have a great July!