News Letter

April 2024 Real Estate News Letter

As the Outer Banks soaks in the sun’s warming embrace, a colorful kaleidoscope of springtime flowers blooms, signaling the start of the warmer months. It’s a time when the local community aligns with nature’s regenerative flow. April is jam-packed with exciting events that offer endless opportunities for wonderful experiences and activities in the charming coastal conditions of the Outer Banks. Welcome to April!

We are often reminded of the incredible honor of being a part of the Sotheby’s International Realty brand. Last month, Heather had the pleasure of meeting Chris Whitehead from the Dubai SIR office, and she was deeply grateful for the warm welcome she received during her visit. Experiencing firsthand the support and camaraderie of the Sotheby’s International Realty family reaffirmed her decision to align with this esteemed brand.

Whether you’re considering buying or selling property anywhere in the world, for personal use or investment purposes, We’re here to assist you. With access to an exceptional network of agents, we can connect you with the perfect expert to guide you through your transaction seamlessly, regardless of your location. Luxury knows no bounds, and it is an experience our team is fully prepared to provide, no matter where you are situated. Don’t hesitate to reach out, and together, let’s turn your real estate dreams into a reality, regardless of your location on the map!

Attention all animal lovers! Be sure to save the date for Sunday, April 21st, from 1pm to 4pm at Jockey’s Ridge State Park. We’re excited to announce that the OBX Homes team will once again be sponsoring our local SPCA’s Bark in the Park event. This is an excellent chance to show our support for the local SPCA and make a difference for animals in need. Bring your furry friends along for an afternoon of fun and excitement for everyone! Enjoy live music, delicious refreshments, explore local vendors, and take part in activities specially crafted for your beloved dogs.

In real estate news, the Outer Banks Association of Realtors’ March statistics report reveals an increase in inventory levels from February and the same month last year. Active residential inventory jumped by 14% from the previous month and by an astounding 58% from the previous year, with slight increases noticed in active lots and land inventory. Despite growing inventory levels, residential median sales prices are still on the rise, with single-family detached homes up 7% and condos up 12% over the previous year. However, residential sales for 2024 are down 9% from 2023, with single-family detached house sales down 6% and condo sales down 16%.

Hope everyone has a wonderful spring and please stop by to see us if you’re in Duck anytime soon!
Heather & Mandi