May 2017 Real Estate Newsletter

Posted on Posted in Uncategorized
The spring season is in full swing! The flowers have been watered with decent amounts of April showers. The rain has helped with washing away copious amounts of pollen on our vehicles and windows. The Easter/Spring Break season prompted an increase in renters and homeowners visiting the beach for the first time this year.  The tropics have even seen their first tropical storm Arlene brew in the ocean.  All signs point to lots of activity ahead for the summer season.
On the real estate front, April sales have been just as busy as the traffic on the roads. The market continues to follow the upward motion of a positive trend.  The FED decided not to increase interest rates this last session; however, they indicated that it would happen most likely in June.
On the political side of homeowner news that could impact or increase house value is the the tariff on lumber coming from Canada. Also impacting the building arena, Dare County has had to change the septic permitting process. Beginning May 1st, homes with more than 4 bedrooms will be impacted the most, and it will affect the septic repair area, setbacks for water lines, among other things. To learn more about the specific changes, you can contact Jack Flythe at Dare County Environmental Health.
Twiddy had their annual homeowners’ weekend in April. Thanks to all of the homeowners who stopped by to visit and take advantage of visiting with the Twiddy rental team and sales agents. It is always great to get feedback from the owners and connect with them in person.
As always, please don’t hesitate to call or email with any questions or if you need anything.  If you’ve been thinking about selling, we are happy to assist you with a free market analysis of your property. Or if you or anyone you know is interested in buying property, we would love to help you find the perfect home on the Outer Banks. Please feel free to stop by our office in Duck to say hello. We hope the spring produces an abundance of flowers and warm weather in your neighborhood.