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obx real estate: Outer Banks Real Estate Market Enjoys Strong Summer Not Seen In 6 years - 08/16/11 06:10 PM
July was an outstanding month for property sales on the Outer Banks. Buyers have made their mind up that now is the right time to invest in the Outer Banks real estate market. So far in 2011 there are no signs of a slowdown as pending homes sales in July were at the highest levels for any previous July going all the way back to the boom year of 2005. The number of active listings has declined 18% in July from a year ago. Prices on average are starting to rise and year to date the average sold price has increased 5% … (1 comments)

obx real estate: 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)

obx real estate: Outer Banks Real Estate Market Report For April 2011 Was Outstanding - 05/16/11 02:22 PM
April was an outstanding month for property sales on the Outer Banks.
Buyers have made their mind up that now is the right time to invest in the Outer Banks real estate market. So far in 2011 there are no signs of a slowdown as pending homes sales in April were at the highest levels since May 2006 and increased 30% over April 2009. The number of homes sold in April increased 40% from April 2009. The number of active listings declined 16% in April from one year ago.Year to date the average sold price has increased 6% from 2009 … (0 comments)

obx real estate: Outer Banks Real Estate|Southern Shores Real Estate|Price Reduced|5 Ocean View Loop Southern Shores, NORTH CAROLINA 27949|MLS# 67962|$495,000 - 05/09/11 12:47 PM
Southern Shores Real Estate|Price Reduced|5 Ocean View Loop Southern Shores, NORTH CAROLINA 27949 MLS# 67962: 4 Bedrooms 3 Bathrooms 1 Partial Baths 1727 Square Ft. $495,000
Carolina Escape sits at the end of a cul-de-sac on a large, private, landscaped lot, with only a 2 block walk to the beach. This well maintained 4Bd/3 1/2Bth home has ocean views from the top deck, large pool area, and a great open reverse floor plan. With its amazing location, spacious floor plan, and large pool this house is a favorite with renters. Every week in the summer is booked!! The exterior was just … (0 comments)

obx real estate: Outer Banks Real Estate For Sale|Southern Shores Real Estate|Price Reduced|5 Ocean View Loop Southern Shores, NORTH CAROLINA 27949|MLS#67962|$515,000 - 03/15/11 04:40 PM
Outer Banks Real Estate|Southern Shores Real Estate|5 Ocean View Loop Southern Shores, NORTH CAROLINA 27949 MLS# 67962:  4 Bedrooms   3 Bathrooms   1 Partial Baths $515,000
PRICE REDUCED!!!! Carolina Escape sits at the end of a cul-de-sac on a large, private, landscaped lot, with only a 2 block walk to the beach. This well maintained 4Bd/3 1/2Bth home has ocean views from the top deck, large pool area, and a great open reverse floor plan. With its amazing location, spacious floor plan, and large pool this house is a favorite with renters. Every week in the summer is booked!! The exterior was just painted in January 2011. … (0 comments)

obx real estate: Outer Banks Real Estate Update Newsletter-February 2011 - 03/02/11 03:24 PM
The Outer Banks real estate market continues to heat up at the start of 2011. The number of listings that went under contract in January was up 20% from this same time last year. 2010 ended up as the best year the Outer Banks market has seen since 2006. With inventory continuing to decline, down 14% from 2010, and home sales increasing I am starting to see signs of a fundamental shift in the market towards neutral from the buyer's market we have seen for the last 5 years.  
Mortgage rates have moved above 5% for the first time in a few years with many experts saying that by the end of … (2 comments)

obx real estate: Outer Banks Real Estate Market Continues To Build Momentum From 2010 - 02/15/11 01:37 PM
The Outer Banks real estate market continues to heat up at the start of 2011. The number of listings that went under contract in January was up 20% from this same time last year. 2010 ended up as the best year the Outer Banks market has seen since 2006. With inventory continuing to decline, down 14% from 2010, and home sales increasing I am starting to see signs of a fundamental shift in the market towards neutral from the buyers market we have seen for the last 5 years. Mortgage rates have moved above 5% for the first time in a few years with many experts saying that by the end of year … (0 comments)

obx real estate: Buy An Outer Banks Beach House Now & Get 100% of 2011 Rental Income For 75% Of 2011 Operating Expenses - 01/19/11 04:55 PM
If you are thinking about buying rental property on the Outer Banks now is the optimal time to purchase. Buying now and closing before May will give you the best opportunity to earn 100% of this years rental income while only paying for 75% of the years expenses!! Better yet, if the house you are buying has weeks already booked for the summer you will get check at closing for those monies already collected by the management company. That's right you can close on a house and get a check handed to you for the pro-rated amount of rental income already booked for 2011. How … (0 comments)

obx real estate: The 2010 Outer Banks Real Estate Market Makes A Turn In The Right Direction - 01/07/11 02:59 PM
2010 will go down as the year the Outer Banks real estate market finally turned the corner and ended a 5-yr downward cycle. Compared to 2009 the number of property sales increased 20%(the highest total since 2006), the number of active listings decreased approx. 20% and the overall average sold price was retaliatively flat dropping just 2.7% from 2009. That is not bad considering the 13% decline a year ago. Since the Outer Banks market started to decline in August of 2005 the overall drop in average sold price has been 29%. Mortgage rates have started to climb up to  4.75% to 5% which is … (0 comments)

obx real estate: Just Listed|Outer Banks Real Estate|Duck Real Estate|100 E Tide Dr, Duck NC|MLS#68587|$425,000 - 12/06/10 01:20 PM
Outer Banks Real Estate|Duck Real Estate|100 E Tide Drive Duck, NORTH CAROLINA 27949 MLS# 68587:  3 Bedrooms   2 Bathrooms $425,000
Classic Outer Banks beach house located in Duck with a short walk to the beach and bike path. This house has been well maintained by the sellers and is sold furnished. Rented by seller thru VRBO( Listing #249535) "Duck Soup" generates amazing rental income with $35,959 in 2010. Renters love this house for its close proximity to Duck Village, walking/bike path, short walk to the beach, and hot tub. Don't miss out on one of the deals Duck!!

For more information about 100 E … (0 comments)

obx real estate: Just Listed|Outer Banks Real Estate|Kitty Hawk Real Estate|4406 N Virginia Dare Trail Kitty Hawk, NORTH CAROLINA 27949|MLS#68460|$775,000 - 11/04/10 12:43 PM
Outer Banks Real Estate|Kitty Hawk Real Estate|4406 N Virginia Dare Trail Kitty Hawk, NORTH CAROLINA 27949 MLS# 68460:  5 Bedrooms   4 Bathrooms   1 Partial Baths $775,000
This well maintained Kitty Hawk beach house has it all. Great ocean views, steps to the beach, pool, hot tub, putting green, sand volleyball court, partial glass elevator with an ocean mural that runs all 3 floors and manicured lawn. That is just the outside!! No wonder renters love this place!! Inside you will find 5 bedrooms, 3 of them masters, along with a wet bar, kitchen, living, and dining room area that offers plenty of space for friends and … (3 comments)

obx real estate: Outer Banks Foreclosure|Manteo Foreclosure|Manteo Real Estate|1120 South Bay Club Drive Manteo, NORTH CAROLINA 27954|MLS#68353|$222,500 - 11/04/10 12:00 PM
Outer Banks Real Estate|Manteo Foreclosure|1120 South Bay Club Drive Manteo, NORTH CAROLINA 27954 MLS# 68353:  1 Bedrooms   1 Bathrooms   1 Partial Baths $222,500
Shallowbag Bay Club:AWESOME CONDO UNIT!!!!!!!FABULOUS WATER VIEWS!!! Check out this unit within walking distance to downtown Manto and Restaurants. Enjoy deck of the Master bedroom over looking the harbour and sound. Community offers pool, gym and on-site restaurant. Very close to the Manteo Airport.

For more information about this Outer Banks Foreclosure contact Matt Huband-Buyer's Agent at obxrealtors@gmail.com or 252-255-0221.
Listing courtesy of Brinkley, Shirley from CENTURY 21 Nachman Realty© 2010 Outer Banks Association of Realtors®. All right reserved. The data relating … (0 comments)

obx real estate: Outer Banks Real Estate Market Update For September 2010 - 10/15/10 10:37 AM
Distressed Properties are Hot!
The last three months have shown a steady rise in the inventory and sales of distressed properties. Specifically, distressed properties now account for 17% of our residential property inventory and 48% of residential sales. 
Pending Sales - Currently there are 270 properties in an Under Contract Status and the number of properties place Under Contract in September 2010 is up 9% from September 2009.
Inventory - Overall, inventory has declined 14% from 2009 (4087 listings to 3516 listings). However, with this decline in inventory there has been a steady rise in the median sale price for single … (0 comments)

obx real estate: Outer Banks Foreclosure|Duck Real Estate|Duck Foreclosure|122 Gifford Circle DUCK, NORTH CAROLINA 27949|MLS#67397|$729,800 - 07/30/10 12:56 PM
Duck Foreclosure|122 Gifford Circle DUCK, NORTH CAROLINA 27949 MLS# 67397:  6 Bedrooms   6 Bathrooms   1 Partial Baths $729,800
WOW! IT IS FINALLY AVAILABLE. THIS PROPERTY SITS ON TOP OF ONE OF THIS HIGHEST POINTS IN DUCK AND AFFORDS PANORAMIC VIEWS OF THE SOUND AND OCEAN. IT IS QUALITY BUILT AND HAD BEEN GETTING OVER 100K IN GROSS INCOME WHEN IT WAS IN A RENTAL PROGRAM. THE BANK IS HAVING CONSTRUCTION DONE ON THIS PROPERTY TO BRING IT BACK TO RENTABLE CONDITION. THEY WILL HAVE A CONCRETE DECK INSTALLED AROUND THE POOL, APPLIANCES WILL BE INSTALLED, DRYWALL WILL BE REPAIRED, PAINTING WILL BE DONE, CARPETS WILL BE … (0 comments)

obx real estate: Just Listed| Duck Real Estate| Duck Condo|134 Plover Dr Unit 2G, Duck North Carolina 27949|MLS#67296|$375,000 - 07/28/10 06:26 PM
Just Listed| Duck Real Estate| Duck Condo|134 Plover Dr Unit 2G, Duck North Carolina 27949|MLS#67296|$375,000 3bedroom 2 bath
If you are looking for a great condo with an ocean view look no more. Just open the door, walk straight back to the deck, and you will see what make this cond o so awesome. Watch the sun come up or relax in the afternoon with your favorite drink as you take in ocean views. Duck Blind Villas is a great community that is well maintained with onsite laundry rooms as well as a nice big community pool. This condo is booked … (2 comments)

obx real estate: Outer Banks Foreclosure-101 Speckle Trout Drive Duck, NORTH CAROLINA 27949 - 07/09/10 02:48 PM
101 Speckle Trout Drive,  Duck,  NORTH CAROLINA 27949 Price: $1,535,500 UNBELIEVABLE VIEWS FROM THE WINDOW FILLED GREAT ROOM IN THIS 8 BEDROOM CONT ... View Details  View Photo Gallery (21) Save Property  Virtual Tour MLS#: 67178- Bedrooms: 8 Bathrooms:6
This oceanfront beach house is being offered $280,000 below tax value!! This house is a great opportunity to be oceanfront on the Outer Banks. Rental and expense history available upon request.

For more information about contact Matt Huband-Buyers Agent at obxrealtors@gmail.com or 252-255-0221

… (0 comments)

obx real estate: Outer Banks Foreclosure-149 Ocean Boulevard, Southern Shores, NORTH CAROLINA 27949 - 07/06/10 03:04 PM
149 Ocean Boulevard,  Southern Shores,  NORTH CAROLINA 27949 (Mapped) Price: $710,000 SEMI-OCEANFRONT! Built in 2006 ... View Details  View Photo Gallery (16) Save Property MLS#: 67126 MLS: OBMLS Bedrooms: 7 Bathrooms: 8 Partial Baths: 1
Unbelievable DEAL!! $1,100,000 Tax Value. This one will not last long!!
For more information about contact Matt Huband at obxrealtors@gmail.com or 252-255-0221

 
… (0 comments)

obx real estate: Luxury Outer Banks Real Estate Listings From Corolla to Hatteras - 07/06/10 02:49 PM
OBXRealtyGroup.com has put together an Outer Banks Luxury Real Estate Listings page on the website for those looking to purchase high end Outer Banks Real Estate. No need to search all over the internet for these properties as they are all on one page broken down by town. Search for some of the most exclusive properties on the Outer Banks in the following towns, Corolla, Duck, Southern Shores, Kitty Hawk, Kill Devil Hills, Nags Head, Manteo, Rodanthe, Salvo, Waves, Avon, Frisco, Buxton, and Hatteras.
Below is a sample of some of the properties available:

OBX Realty Group is proud to showcase the … (0 comments)

obx real estate: Great Deal On Outer Banks Foreclosure: 2011 Norfolk Street Kill Devil Hills, NORTH CAROLINA - 06/28/10 04:26 PM






2011 Norfolk Street Kill Devil Hills, NORTH CAROLINA 27948 Listing # 66983:  4 Bedrooms   3 Bathrooms  1 Partial Baths  View Photo Gallery (14) Price: $199,900

Great opportunity to get into the Outer Banks market at a fantastic price with this foreclosure in Kill Devil Hills. Tax Value $367,000, what a deal for this one!! Minutes to beach, shopping, restaurants, and fishing pier. For more information contact Matt Huband-Buyers Agent, at obxrealtors@gmail.com

About the author of this blog: Matt Huband, SFR is Broker/Owner of OBX Realty Group in Kitty Hawk, NC and a Certified Short Sale & Foreclosure Specialist. Matt works with … (1 comments)

obx real estate: Get The Latest List Of Outer Banks Short Sales From Corolla To Hatteras - 06/23/10 04:50 PM
732 Hammock Lane,  Corolla,  NORTH CAROLINA 27927 (Mapped) Price: $599,900 OVER $300,000 LESS THAN ASSESSED VALUE!!!!Located in the "Reserve Collection" of the Hammocks in ... View Details View Photo Gallery (8) Save Property MLS#: 61331- Bedrooms: 5 Bathrooms: 5 Partial Baths: 1

If you are looking for the latest list of Outer Banks Short Sales to hit the market you need to go to Just Listed: Outer Banks Short Sales. Any new foreclosures that come on the market will show up on that page. Add it to your favorites and check back everyday. Go to Outer Banks Short Sales for the full list of Outer Banks Short … (0 comments)

 

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