February 2018 Real Estate News Letter

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We hope everyone is doing well and enjoying February so far! Hard to believe we’re already halfway through the month.

January on the Outer Banks had some interesting weather, to say the least.  We were hit with the “bomb cyclone” storm right after the New Year, and then we had a second storm which managed to dump up to nine inches of snow on some parts of the beach! Needless to say, I think we’re all ready for summer now.

On the sales front, our OBX Homes Team has listed nine properties since the New Year, so we are hopeful that the buyers will be coming in full force over the next several months. January was off because the bad weather deterred visitors’ coming down to house hunt. President’s Day weekend is coming up, and that normally brings a lot of folks into town to look at property, as well as homeowners arriving to prep their homes for the spring rentals.

The January statistics are enclosed show that we had the highest sales volume in January since 2006! However, the number of homes that went under contract in January was the lowest it has been since 2009. We contribute low sales to the lack of traffic in January due to weather. We do expect to see an increase in activity for the next several months, as buyers are hoping to find a property to purchase before the rental season begins. 

If you have been thinking about selling your OBX property, now is great time to get on the market. We are always happy to provide you with a free market analysis. Please don’t hesitate to contact us if you have any real estate questions that we might be able to assist with. We hope to see you in Duck sometime soon!

The OBX Homes Team

January 2018 Real Estate News Letter

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Happy 2018!! We hope you all enjoyed the holiday season and that your 2018 is going great so far. We experienced quite the wild winter storm here on the Outer Banks beginning January 3rd which essentially shut down the OBX until Monday the 8th. We had several inches of snow, coupled with hurricane strength winds and below freezing temps which lasted 4 days in a row. The weather folks called it a bomb cyclone. The locals called it snowmageddon! This extended cold snap caused the sound to freeze over in many places so there were quite a few folks who experienced walking on a frozen sound for the first time.  And in true Outer Banks weather fashion, we’re back to almost 70 degrees this week!

We’ve enclosed the statistics for December of 2017 as well as the year end statistics for your review. The OBX Homes Team had a great 2017 with over 12 million in sales and we were the top producers for our Duck Office for another year. Thank you to all our great clients who made that happen!

As always, please don’t hesitate to reach out if you’d like a market analysis for your OBX property, or if you have any questions about the market. We hope you all have a happy, healthy and prosperous 2018!

The OBX Homes Team

Awesome Semi Oceanfront in Corolla Light!

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Just listed this lovingly maintained, semi-oceanfront home in popular Corolla Light Subdivision!

Great ocean views from this charming coastal cottage! Direct access to ocean and close to shops, restaurants and all the community amenities.

5 bedrooms, 4 full baths, 2 partial baths.

1109 Morris Drive, Corolla NC 27927
MLS# 98866

View the amazing virtual tour by clicking HERE…

Oceanfront in Duck, NC!

Posted on Posted in Listings, Virtual Tours

This home is in the PERFECT location! Right on the oceanfront in popular Schooner Ridge Subdivision. Walk to shops, restaurants and all Duck Village has to offer. Gorgeous ocean views!

Also only a short distance to the community center with tennis, indoor heated pool, gym, gameroom, playground, tennis, and racquetball.

163 Schooner Ridge Drive, Duck NC

MLS# 97753

Check out the amazing virtual tour by clicking here…

 

Gorgeous Corolla Oceanfront!

Posted on Posted in Listings, News, Virtual Tours

Located right on the beautiful Corolla beach, this oceanfront home has all you need for the perfect rental home!

6 bedrooms, 4 full baths, & 2 partial baths. Beautifully decorated and appointed.

Add a private pool for an excellent cash flow.

Click the photo below for the amazing virtual tour….

715 Crown Point Circle, Corolla NC

MLS# 98069

November 2017 Real Estate Newsletter

Posted on Posted in News, News Letter

We hope everyone is enjoying their fall.  October continued with unseasonably warm weather here on the Outer Banks.   Although the number of vacationers and homeowners visiting during the week has decreased, we continue to see many people taking advantage of the weekends here on the beach.   We expect to have a good number of people in town Veterans’ Day weekend for the annual Outer Banks Marathon.  If you or someone you know is running any of the races  we wish you the best of luck and congratulations for accomplishing such a great achievement!

 

In local news, Dare County will be completing their 90 day appeal period for the new flood maps on November 13.  This will impact a large number of homeowners in the upcoming months, but we believe it will be in a positive way.  If you would like more information about these changes please visit the http://fris.nc.gov/fris/ webpage.

 

In real estate news, we noticed a drop in activity the last few weeks of October.   Overall showing requests were significantly down from  the number of showing in September and early October.   Something we’ve noticed occurring is properties going under contract then coming back on the market.  We believe the lower amount of inventory is causing buyers to feel pressured into quickly making offers.  Because buyers can back out of the contract without any recourse during due diligence, potential buyers can tie up properties for several weeks or even months  then back out of the contract without any recourse.  It’s a good incentive for buyers, but detrimental for sellers.   We hope our local MLS finds a fair balance with this soon.

 

As always, please don’t hesitate to call or email with any questions, or if you need anything.   We’ve included the October OBAR statistics report for your review, but if you would like a tailored report with specific figures for your neighborhood, please let us know.  If you’ve been thinking about selling, we are happy to assist you with a free market analysis of your property.  If you or anyone you know is interested in buying a property, we would love to help find the perfect home on the Outer Banks. Please feel free to stop by our office in Duck to say hello if you’re in the area.  We would like to wish you all a very Happy Thanksgiving!