April 2017 Real Estate Newsletter

Posted on Posted in News Letter

Happy spring everyone! We think it finally arrived anyway, after a roller coaster ride of weather the last few weeks which included 80 degree days, 30 degree days, and a very unusual 3-day wind storm that caused a lot of sound-side flooding. Whew! We are ready for lots of calm, sunny beach days here soon.

On the real estate front, things are HOT. The market has been very active, to say the least. We are seeing properties go under contract at a steady pace, and new listings continue to come up daily. Rental bookings for the summer appear to be strong, and we are expecting another busy summer of visitors. It will be interesting to see if the sales activity slows down, as it usually does in the summer, or if we are in for a full year of active sales. It’s been awhile since we’ve seen that, but the spring market certainly has indicated a rebound. Let’s hope it keeps up.

We are expecting lots of folks in the weeks around Easter and spring break, so we’re anticipating seeing even more properties go under contract as buyers try to close on something before the rental season begins.

Some fun news, the new waterpark located just over the bridge on the Currituck Mainland will be open for business this summer, and they are expecting big crowds for sure. This is something totally new for our area, and lots of folks are really excited about it. Check out the website for the park at h2obxwaterpark.com.

As always, please don’t hesitate to call/email us if you need anything. If you’ve been thinking about selling, we are happy to provide you with a free market analysis of your property. If you know anyone who is interested in buying, we’d love to help them find a beach home! Hope everyone has a great spring break and look forward to seeing some of you in Duck very soon.

Close to the beach in quiet Duck neighborhood!

Posted on Posted in Listings, Virtual Tours

Just short walk to the beautiful beach in Duck, this charming 4 bedroom home has a private pool, hot tub, game room, ship’s watch and strong rental income!

Spacious rooms, wood fireplace, wet bar, and great ocean views make this cozy cottage the perfect beach getaway, at a great price too.

MLS# 95637

114 Acorn Oak Avenue, Duck NC

View the virtual tour below…

114 Acorn Oak Avenue, Duck NC

 UNDER CONTRACT

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!

 

 

 

February 2017 Real Estate Newsletter

Posted on Posted in News, News Letter

January had unseasonably warm temperatures scattered throughout the month, which brought a lot of weekend visitors. Many shop and restaurant owners reported strong sales for January.

Activity is up, and we’re seeing new listings regularly.  There are quite a few properties currently under contract. In fact, it’s the most we’ve seen under contract in the month of January  for quite some time. Our team has listed ten properties since January first, and four of them are now under contract.

Some big news this year is the beach nourishment planned for Duck, Kill Devil Hills, Kitty Hawk, and Buxton. The work, scheduled to begin in Duck in late May and continue through the fall, could impact both rentals and sales. More information can be found online at this site…www.morebeachtolove.com, including costs and area maps. If your house is in a rental program, most of the rental firms, including Twiddy, will have more information on how it could impact your rentals this summer.  

The preliminary flood maps are still under review, as there is some debate about the accuracy in certain areas.

We’re including a new statistics report which is generated by our MLS and covers the entire Outer Banks. Please don’t hesitate to contact us if you’d like tailored statistics for your town or subdivision.

Feedback from clients and other agents has been great on our new Matterport virtual tours. You can view some of our recent listings on www.obxhomes.com under the Newsfeed link, where we post our listings, news, articles, and other helpful info. 

As always, if you are in the area, we’d love to have you stop by to say hello. If we can help in any way, give us a call or send an email.