outer banks short sales: Outer Banks Real Estate Market: Average Sold Price Up For 2011!! - 01/02/12 10:59 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)
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outer banks short sales: Outer Banks Real Estate Market Rolls On In 2010 - 03/04/10 05:01 PM
To say 2010 is off to a great start is an understatement. This year there has been 186 closings, 31% more than at this same point last year. In 2010 the average sold price of a house is up 12.6% from the end of 2009 and 13.5% from October ‘09, the last month prices declined. With the pace of buyer activity not slowing down I think we will continue to gain momentum.
The majority of the homes sold, 75% continue to be in the under $500,000 category. However there is more movement in the higher price ranges mostly due to the … (1 comments)
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outer banks short sales: The Outer Banks Real Estate Market Is Back - 02/02/10 12:33 PM
It's been a long time coming but after 4 1/2 years of price declines and decreased sales the Outer Banks real estate market is back!!
While the beginning of 2009 started off looking like a repeat of 2008 with prices continuing to decrease things turned around in the fall. Buyers finally decided that the time was right and the average price of a sold house went up in November and December. The total number of sold houses for 2009 also increased from 2008, another first since 2005. Another sign of a market recovery, the number of houses currently listed are down … (0 comments)
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outer banks short sales: Prices On The Outer Banks Finally Stop Declining - 12/04/09 01:02 PM
IT HAS FINALLY HAPPENED!!!!
The average price for a home sold on the Outer Banks has finally stopped going down!! As a matter of fact it actually went up just a bit. For the first time in 2009 or 2008 for that matter prices have finally leveled off (follow the monthly trend on the OBX Stats page of my website). The average sold price in October was $334,141 and for November it was $334,743. With the way the market is going I don't think we will see a big drop in prices again. At the beginning of the year buyers began … (0 comments)
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outer banks short sales: Outer Banks Real Estate: Good September Numbers - 10/12/09 12:23 PM
The Outer Banks real estate market continues to put up good numbers as we head into the last quarter of 2009. For the 5th straight month the number of sold houses were over 100. If the number of sold houses continues on its current pace in October it will be 6 months in a row. Buyers are realizing that the prices and mortgage rates are just too good to pass up. Out of the 126 sold properties only 24 were either foreclosure or short sales. There are some great properties on the market that are not distressed.
There has also been an increase … (1 comments)
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outer banks short sales: Outer Banks Real Estate Continues Strong 2009 - 09/08/09 03:34 PM
OK, it's time to breath again after a busy summer season on the Outer Banks. Now comes what I consider the absolute best time to visit the Outer Banks, Fall!! As for the Outer Banks real estate market many of you have been waiting and waiting for what you would consider the "right time" to buy. Here on the Outer Banks for the 4th month in a row home sales have reached 100+. This has not occurred in over a year and so far this month we are on pace to make it 5 in a row. Also the percentage of distressed properties … (0 comments)
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outer banks short sales: Outer Banks Parade Of Homes Set For October 8-11th - 09/03/09 08:25 AM
Opening on Thursday, October 8, with 29 homes spanning Corolla on the Currituck Banks to the laid back atmosphere of the towns on Hatteras Island, the Outer Banks Home Builders Association's 17th Annual Parade of Homes promises a fresh perspective on newly constructed coastal homes. This year's sampling of homes has incorporated new designs, technologies, green building methods and new product innovations and furnishings. It is your best opportunity to walk through and study all 29 of our showcase homes covering 121 miles of our beautiful coastline while enjoying the relative calm of the off season and the stellar weather fall … (2 comments)
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outer banks short sales: Outer Banks Real Estate Recovery Continues - 06/08/09 02:01 PM
With 5 months of 2009 down I believe the Outer Banks real estate market is on the road to recovery. May was another strong month as buyers took advantage of the great deals that remain. Since reaching the bottom of the market in January of this year there has been on a steady upward trend in houses going under contract and closing. There are not as many foreclosures and short sales coming on the market which will help stabilize prices and many are now receiving multiple offers. The overall economy is looking a little better and the stock market is also coming off it's … (0 comments)
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outer banks short sales: The Bottoming Out Of The Outer Banks Real Estate Market - 05/05/09 09:21 AM
The bottoming of the Outer Banks real estate market has begun.
For the first time since August 2005 the Outer Banks real estate market has shown significant and sustained signs of life. How can that be since all you hear from the media is the real estate market is still a year away from the bottom? The most important thing to realize is the media reports are generalized and not for a specific region, state, city, or town. You may be trying to determine when is the right time to buy on the Outer Banks based on how well your local … (1 comments)
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outer banks short sales: The Outer Banks Of North Carolina Video For Buyers - 04/27/09 03:48 PM
When I first started to sell real estate on the Outer Banks most of my clients that ended up buying here were been long time visitors. However as I was able to get my website www.HometownOBX.com up an running, I was getting more and more people inquiring about real estate that have never been to the Outer Banks. So a few years ago instead of trying to describe what it's like on the Outer Banks,I created what I think is a great little 2 minute video that captures a small slice to life on the Outer Banks. I just re-edited it … (0 comments)
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outer banks short sales: Renting a House on the Outer Banks - 04/23/09 12:59 PM
Now that the sun is warm and Spring is here it's time to make your plans to get down to the Outer Banks!! The great thing about renting a place on the Outer Banks are the options available from cozy beach houses and condo's to the mega mansions on the oceanfront. No matter how big or small your budget there is a place waiting for you on the Outer Banks. Here are a few helpful tips when planning your next trip to the Outer Banks.
To read the complete post go to Renting Outer Banks or to www.Hometownobx.com
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outer banks short sales: Outer Banks Buyer's Keep Buying In 1st Quarter of 2009 - 04/01/09 02:45 PM
Get the latest scoop on how the Outer Banks real estate market fared in the first quarter of 2009. Here is a little teaser of the post: Since the beginning of the year I have been slowly beating the drum about a turn in the Outer Banks real estate market. With the first quarter of the year down, the Outer Banks real estate market continues to move. You really can't put too much stock in what happens in a few weeks or month as far predicting where the Outer Banks market is heading. However............
Go to my blog Post Buyers Keep Buying On The Outer Banks or … (0 comments)
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