The Outer Banks is still feeling the lingering effects of Hurricane Matthew, but things are just about back to normal here on the Northern Beaches. Our recent weather has been glorious, and we have seen quite a stream of visitors throughout the remainder of October. Of course the big focus now is the Presidential Election, and no matter which side you are on, it’s likely that everyone will be relieved when it is over.
Real estate sales have been steady, and overall residential sales on the northern beaches are up from last month. And we’re hopeful that trend will continue for November, although election concerns have caused some buyers to sit tight for a few months as the dust settles.
The threat of an interest rate increase in December, however, could spur some activity as we see buyers try to take advantage of the low rates still currently available.
Sales activity typically slows in December as buyers go into holiday mode, but we expect to see activity pick up again in mid-January. The National Association of Realtors predicts a strong year for home sales in 2017, and we will be ready for it!
As the New Year approaches, our team will be expanding in order to become more efficient and better serve our growing number of clients. Mandi Jones, a newly licensed Realtor, will be joining Heather as her sales assistant.
As always, please stop in to say hello if you find yourself in Duck. And don’t hesitate to call or email should you need anything from our end.