Outer Banks Real Estate From Corolla To Hatteras Continues Upward Trend For First Half Of 2011 - 07/14/11 10:06 AM
It’s a full on recovery for the Outer Banks real estate market in 2011!! Sales are taking off at a pace not seen in years. The average selling price for Single Family Homes, Condos, and Townhouses are up 11.7% from 2010!!
What is driving all of the sales??
Buyers realized that now is the time to get a jump on the next market upswing while there are still great deals to be had. Also low interest rates, currently at 4.5-4.75% for a 30yr fixed and Jumbo loans at 5% up to $1,000,000. Home sales in the $500,000 + range have exploded, … (1 comments)