Real estate blog entries tagged with obx realty group by Matt Huband- OBX Realty Group-From Corolla To Hatteras, Working With Buyers and Sellers Since 2003 (OBX Realty Group)

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obx realty group: Outer Banks Real Estate|Town Of Kill Devil Hills & Beach Nourishment - 05/18/13 07:47 AM

It looks like after the success of the beach nourishment project in Nags Head the rest of the town along the Outer Banks are jumping on the bandwagon. The Town of Kill Devil Hills has approved their beach nourishment project and the town of Duck as already concluded its nourishement study and should announce plans to start its project soon. Dare County is finally going to start a project in the much needed areas of Rodanthe and Buxton. Check out the article from the Outer Banks Voice on the Kill Devil Hills project. Beach nourishment is a go in Kill Devil … (0 comments)

obx realty group: Outer Banks Currituck Mid-County Bridge Project Not Dead Yet - 04/25/13 10:09 PM

Currituck Mid-County Bridge Project Not Dead Yet From The Outer Banks Voice By Catherine Kozak
Coastal Review Online
A bill that would change funding for the planned Mid-Currituck Bridge and Cape Fear Skyway may be giving proponents the jitters, but even if it passes, the projects are not necessarily doomed.
An amendment to House Bill 10 would lift dedicated “gap” funds and place the bridges in the funding mix to compete with other projects.tate Rep. Bob Steinburg, R-Chowan, said he is confident the 7-mile bridge between the Currituck mainland and Corolla will survive the legislative churn.
“The … (0 comments)

obx realty group: Outer Banks Real Estate Update: Strong Buyer Demand Continues - 04/12/13 01:26 AM

Outer Banks Real Estate Update For First Quarter of 2013
2013 has carried over the momentum from 2012's record breaking sales year!! There were so many buyers in 2012 that active inventory was at an all time low at the end of the year. One of the biggest surprises of 2012 was lot sales, up 36% from 2011 and that has continued into 2013. There is a new construction boom going on right now that has not been seen on the Outer Banks for a long time. Land sales for 2013 are up 19% from a year ago with lots … (1 comments)

obx realty group: Nags Head Real Estate|2436 S Virginiga Dare Trl, Nags Head NC|$725,000 - 04/12/13 01:23 AM

Outer Banks Real Estate|Nags Head Real Estate|2436 S Virginia Dare Trl, Nags Head NC 27959
6bd/4.5bths-Semi Oceanfront
$725,000|MLS#76431

Oinkers Away has it all!! This fully furnished semi-oceanfront 6 bedroom rental machine is everything you could want in an Outer Banks investment property with a 2012 rental income of $71,000. Walk out the front door and the beach access is only steps away. The amenities in this house will blow you away with a huge game room with pool table, sitting area with full wet bar and refrigerator on the first floor. Large private pool with a separate kiddie pool … (1 comments)

obx realty group: Nags Head Real Estate|6908 S Virginia Dare Trl, Nags Head, NC|$609,000 - 04/12/13 01:12 AM

Outer Banks Real Estate|Nags Head Real Estate|6908 S. Virginia Dare Trl, Nags Head NC 27959
$609,000|MLS#77623
6bd/5.5bths-Semi Oceanfront

Now is your chance to own a beautiful 6 bedroom semi-oceanfront in Nags Head with ocean and sound views. This property generates approximately $50,000 in gross rental income. Watch the sunrise over the ocean and set over the sound without ever having to leave the house!! This well maintained fully furnished Outer Banks beach house is a favorite among renters with 4 master suites, game room with foosball table and wet bar, kids playhouse, private pool and hot tub. With the … (0 comments)

obx realty group: Nags Head Real Estate|213 W Lost Colony Dr, Nags Head NC|$239,500 - 03/11/13 04:07 AM

For Sale|Outer Banks Real Estate|Nags head Real Estate|213 W Lost Colony Dr, Nags Head NC 27959|MLS#78065|$239,500
213 W Lost Colony Dr, Nags Head NC is located in a neighborhood that would make for great primary, 2nd home or investment. Close to the beach, shops, restaurants and the YMCA. In fact you could walk to all of these places!! This home may say it was built in 1979 but it was extensively remodeled in 2005 that included new drywall, ceilings, doors, trim, fixtures, counters, cabinets, and appliances plus a new septic tank and drain field was installed in 2012. With 3 bedrooms … (1 comments)

obx realty group: Outer Banks Real Estate|1278 Duck Road, Duck NC|5wk Co-Ownership - 03/11/13 03:59 AM

For Sale|Outer Banks Real Estate|Duck Real Estate|1278 Duck Rd, Duck NC 27949|$38,000|MLS#78054|Ships Watch

Looking to own a piece of the Outer Banks without breaking the bank?? Now is your chance to own 5 weeks of Outer Banks heaven with this fractional ownership in Ships Watch!! The Waters features 4 bedrooms and 3.5 baths 1 king with private bath, 1 queen with private bath, 4 twin beds with shared bath, a great room, dining, and kitchen on the second level of the home, affording dramatic views of the Currituck Sound. The lookout makes the perfect spot forgame time, complete with table … (0 comments)

obx realty group: Outer Banks Real Estate Off To A Great Start In 2013 - 02/25/13 10:55 PM

The Outer Banks Real Estate market just keeps moving in the right direction as we wrap up the first two months of 2013. 2012 ended on such a high note that I was cautiously optimistic the momentum would continue and it certainly has. Active inventory was at a historic low at the end of 2012 as the year ended with a 6yr high in the number of sold properties. Low inventory has made for a more competitive selling environment as new homes hit the market. The new construction boom that started last fall has really taken off this year. … (0 comments)

obx realty group: Outer Banks Real Estate Ends On High Note For 2012 - 12/11/12 11:24 PM

It has been an outstanding year for the Outer Banks Real Estate market and 2013 is shaping up to be even better. There has certainly been a dramatic shift in the OBX market from the start of 2012. During the spring selling season buyers started coming back in full force and have not slowed down. Overall sales are up 23% from 2011 and inventory is at a 6 year low. One of the biggest surprises of 2012 has been lot sales, up 36% from 2011, and the resurgence of new construction. Builders for the first time in 5 years … (0 comments)

obx realty group: Just Listed|8111 S Old Oregon Inlet Rd, Nags Head NC|Outer Banks, NC - 10/11/12 12:14 AM

8111 S Old Oregon Inlet Rd, Nags Head NCDiamond Shoals Condo Unit 104BMLS#76433 $369,999
This oceanfront condo located on the first floor in Diamond Shoals, one of the nicest communities on the Outer Banks. Well maintained and located on the newly re-nourished wide beach in Nags Head this condo has everything you need. Spacious floor plan with plenty of room for the whole family and close to the new Jennettes Pier, dining and shopping. Fully furnished and just steps away from the pool and beach. Listen to ocean waves as you sit on your large deck or relax in the jacuzzi … (2 comments)

obx realty group: Just Listed|2436 S Virginiga Dare Trl, Nags Head NC|Outer Banks, NC - 10/10/12 04:59 AM

2436 S Virginia Dare Trail Nags Head, NORTH CAROLINA 27949 MLS#76431 $749,999 Oinkers Away has it all!! This fully furnished semi-oceanfront 6 bedroom rental machine is everything you could want in an Outer Banks investment property with a 2012 rental income of $71,000, that's a 9.5% gross return on investment!!! $37,600 already on the books for 2013!! Walk out the front door and the beach access is only steps away. The amenities in this house will blow you away with a huge game room with pool table, sitting area with full wet bar and refrigerator on the first floor. Large private … (2 comments)

obx realty group: Check Out All The Events Planned On The Outer Banks In June - 05/24/12 10:18 PM

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Outer Banks Real Estate|712 Pirates Way, Manteo NC 27954|Pirates Cove|Buccaneer Village Condo|$269,950|MLS#74052

Best priced 3 bedroom condo in Buccaneer Village!! This condo has never been rented and is in immaculate condition. The condo shows like a model and has been well maintained. Relax on the large covered deck and enjoy the canal views. Centrally located in Pirates Cove with a short walk to the community pool, fitness center, picnic pavilion, sand volleyball court, full service marina, ships store, and restaurant. The condo comes with assigned covered parking for 2 cars and room for kayaks, canoes, or beach chairs plus an … (0 comments)

obx realty group: Outer Banks Real Estate Off To A Roaring Start In 2012 - 02/16/12 04:28 AM

The Outer Banks real estate market continues to build on the momentum of 2011 with 2012 off to a roaring start!! The numbers are in for January and what a January it was!! Prices continue to rise, up 3.5% from 2011's 5.5% increase, Sales were up 17% from January 2011 and that's not even the most impressive stat. Two stats really blew me away and is an indication that the Outer Banks market is officially back. 1) The number of houses put under contract, up 38% from a year ago, that's huge 2) The number of distressed property sales dropped … (0 comments)

obx realty group: Beach Driving On Cape Hatteras National Seashore Now Requires A Permit - 02/01/12 04:11 AM

The Outer Banks Voice Park Service sets beach driving permit prices Rob Morris | February 1, 2012 A plan designates areas for beach driving. (NPS)
Driving on the beach at the Cape Hatteras National Seashore will cost $50 for a seven-day permit and a $120 for a year.
The fees were announced Wednesday as the National Park Service prepares to put new rules for beach driving into effect Feb. 15.
Originally mandated by a presidential directive in the 1970s, management of access to the Cape Hatteras National Seashore went through a years-long process before the final rule for off-road vehicle use … (0 comments)

obx realty group: Outer Banks Real Estate Market: Average Sold Price Up For 2011!! - 01/02/12 02:59 AM

The Outer Banks real estate market has put 2011 in the rear view. The market started off hot in 2011 and continued throughout the summer until Hurricane Irene came to town. Irene hit the brakes on the market right in the middle of the fall selling season for about 60 days and that put a damper on sales. Even with all of the hurricane clean up in September and October sales came roaring back towards the end of the year. Buyers have made their mind up that now is the right time to invest in the Outer Banks real estate market. … (0 comments)

Outer Banks Real Estate|Southern Shores Real Estate|Price Reduced|5 Ocean View Loop Southern Shores, NORTH CAROLINA 27949|MLS# 67962|$439,999
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 and decks power washed in January 2011plus a … (0 comments)

obx realty group: Just Listed|Outer Banks Real Estate|305 E Driftwood St, Nags Head, NC 27959|MLS#71981|$575,000 - 10/13/11 03:40 AM

Nags Head Real Estate|Outer Banks Real Estate|305 E Driftwood Street Nags Head, NORTH CAROLINA 27959 MLS# 71981: 5 Bedrooms 5 Bathrooms 1 Partial Baths 2650 Square Ft.

What an opportunity to own a 5bd/5.5 bth Outer Banks beach house 2 lots from the beach. That translates to only 600ft ,which is a very short walk, to the beach access. Renters love this house and come back year after year, why not this house has everything. Pool, Hot Tub, Game Room w/Pool Table, 4 Master Bedrooms, plenty of decks, ocean views, walk to shops, walk to restaurants. The house sits on a larger than normal lot for this area … (4 comments)

obx realty group: Outer Banks Real Estate Market Enjoys Strong Summer Not Seen In 6 years - 08/16/11 11:10 AM

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 realty group: Outer Banks Real Estate From Corolla To Hatteras Continues Upward Trend For First Half Of 2011 - 07/14/11 03:06 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)

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