Happy Holidays!
…and Season’s Greetings!
Here’s Wishing You and Yours A Very Happy, Healthy Holiday Season.
Heather & Edith
October 2015 Recap
The month of October was exceptional along the Outer Banks. Fall has become very popular for visitors, and we saw tremendous turn-outs for the Parade of Homes, The Duck Jazz Festival, and the Seafood Festival. The weather cooperated, and we continue to enjoy mild fall temperatures.
With the rental season at a close, we are now in home repair season. If you find that your place needs some work don’t hesitate to ask us whom we recommend. We are always happy to help.
In national real estate news, the months of September and October saw a decline in pending home sales. Locally, however, the trend towards an improving market continues. Many buyers are acting now to take full advantage of low rates and more affordable prices. Along the Outer Banks residential sales are up by 12% this year, while total sales have jumped up by 56%! We continue to see decreased inventory, and we are more optimistic than ever.
As always, we hope all is well and that the upcoming holiday season will be an enjoyable one for you and your family.
Just listed in Whalehead!
Turn-key home in popular Whalehead Beach, Corolla. Call today! $489,000. MLS 90028.
SOLD!
Elegant Oceanfront Estate
You will want to see this one to believe it! Truly stunning oceanfront beauty with all the bells and whistles. MLS 89847. $3,995,000.
OFF MARKET
September 2015 Recap
The Outer Banks, along with the entire Eastern Seaboard, is breathing a sigh of relief as Hurricane Joaquin is passing to the East. After more than a week of very heavy rain from a stalled front, the last thing we needed was a hurricane.
In real estate news, the forecast is looking great! Residential sales are up by 13% for the year thus far, and land sales are also on the rise. Land is selling for 15% more this year, and residential values are also showing a 5% increase. Distressed property inventory is now decreased by 52%! Both residential and land inventory are also down.
Please note that Dogwood Trail is now closed for the replacement of the Tall Pine Bridge. This is going to take 6 to 9 months to complete.
We hope to be seeing a lot of you in the coming months. After the busy rental season has wound down, you can enjoy the best time to be here! Mark your calendars for the Duck Jazz Festival on October 11th and the Outer Banks Seafood Festival on October 17th. Have a great October!
Steps to the beach!
Located in the heart of Duck Village, this well maintained home is turn-key!
Only steps to the ocean and just a short walk to Duck Village, this is a great opportunity! MLS 89499. $499,000.
SOLD!
Oceanfront in Duck!
Just listed! Check out this beautiful 6 bedroom oceanfront home in Duck.
Great construction and design/layout. Perfect setting with amazing ocean views! Great rental or 2nd home. MLS 89500. $1,399,000.
SOLD!
August 2015 Recap
The pace of life along the Northern Outer Banks has begun to slow. Children in Eastern North Carolina are entering the third week of school now, and our neighbors to the north are also back at it this week. Fall remains our favorite time of year to be on the Outer Banks. Traffic problems are virtually non existent and the weather is practically perfect.
In real estate news, we expect that recent activity on Wall Street will keep interest rates very low for the time being. It has been a great year for sales thus far. Eighty-two units closed during the month of August on the Northern Beaches alone. We have been fortunate enough to close nearly 12 million in sales this year and are in the top 10 agents on the Outer Banks. We hope the trend will continue. It is an amazing time to invest in Outer Banks real estate, and the momentum seems to be picking up.
Don’t forget to mark your calendar for the Duck Jazz Festival the second weekend of October. And, if you are lucky enough to be on the Outer Banks in September, please stop by and say hello!
