July 2016 Recap

Posted on Posted in News, News Letter

After a rather cool June, the month of July reminded us that we do live in the south!  Most every day was into the upper 90’s with a few reaching 100!  Of course there were plenty of thunderstorms in the evenings to cool things down.   We hope that you are enjoying summer, our favorite time of the year on the Outer Banks; the fall, is right around the corner.

Dare County has released the preliminary flood maps as of June 30th.  You can view them athttp://fris.nc.gov/fris/ and you can review the frequently asked questions at www.darenc.com/floodmaps.  The flood maps are largely favorable and take many homeowners out of higher risk zones just as they did in Currituck County.  The Currituck County flood maps meanwhile, are now in the 90 day appeal period.

In other news, the area is soon to be home to two new recreational options.  The water theme park in lower Currituck County (on the mainland) is set to begin in September with  planned completion in time for next summer.  The park will sit on 80 acres and plans to host 4,000 to 5,000 visitors each day.  The project’s projected cost is 45 million.  Additionally, the site of the old Dowdy’s Amusement Park in Nags Head at the intersection of Highway 158 and Bonnett Street will soon transform into a beautiful multiuse public park. Construction for that site is set to begin later this month.  The 5 acre site will feature children’s play areas, green spaces, an event area, and more.  The town plans the project to cost $1,275,000.  Many of you may remember the old Dowdy’s Amusement Park, as it was operational for 40 years.  I have many fond childhood memories of it myself.

Many local restaurants are reporting a slight 2% overall decrease in revenues for this summer.  Real estate sales are typically slower during the prime season, but market health is still improving, and we are expecting a busy fall selling season.  This is the time to contact us if you are considering selling your property this year, as fall is a busy time for sales activity.  We hope to hear from you soon!