March 2017 Real Estate Newsletter

Posted on Posted in News, News Letter

Spring had sprung here on the beach, and the flowers were in full bloom, but it has quickly turned chilly again, and we even got a light dusting of snow! It seems the groundhog was right this year with his prediction of several more weeks of winter. We are happy about the recent time change though.

Activity continues to clip along at a fast pace with new listings coming up daily and properties going under contract fairly quickly in some cases.  This is the time of year when buyers are eager to put a property under contract so that closing occurs before the rental season begins.

As you will see in this month’s statistics report, the number of properties under contract has jumped up again, and the inventory is actually down, which seems to be helping spur activity and create some urgency with buyers. Potential rising interest rates can also nudge some buyers who have been sitting on the fence.

Some great company news, Twiddy is currently number one in the sales market year-to-date (on a dollars sold basis) on the entire Outer Banks. Exciting news for our small boutique firm, competing with some much larger companies with many more agents. The rental side of Twiddy is also in a number one position (lowest summer vacancy rate), putting our firm in a great spot so far this year!

In other news, the Pine Island airstrip has resumed operations with Roanoke Air Charters so guests and owners are able to fly right into Corolla. The Twiddy website will have more information coming soon.

Southern Shores has joined in on the beach nourishment project which is slated to begin this spring/summer.  Keep track of all the beach nourishment updates at www.morebeachtolove.com.

As always, we’d love to see you so please stop by if you are in town and let us know if we can help with anything. Happy Spring!