real estate: Outer Banks To Get Wind Tower Project - 09/28/09 01:22 PM
No matter when you come to the Outer Banks there always seems to be a breeze blowing. Now Mother Nature is going to work when Duke Energy plans to install 3 test wind towers off the coast of Hatteras next year. The test towers will be monitored to see how effective and what impact they will have on generating "green" electricity. If the test proves to be successful a large scale wind farm will be built approximately 7 miles off the coast of Hatteras in the Pamlico Sound. For years the state had plans to try and harness the wind that continually blows on the Outer … (1 comments)
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real estate: 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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real estate: Outer Banks Short Sale Just Listed-$265,000 Below Tax Value - 03/07/09 08:58 AM
3,100 sq. ft., 5 bath, 5 bdrm 3 story - MLS® $639,999 - $265,000 Below Tax Value
Rodanthe, Dare County - Oceans Beacon is an investors dream comes true!! Where else can you get a house in this price range generating over $80,000 in rental income. Year after year renters keep coming back for more. Pool/Hot tub, game room, and elevator plus your only steps to the ocean. Every bedroom has its own balcony to enjoy the views. You will not find a better house with the rental income and all the amenities plus only 1 lot off the ocean. … (2 comments)
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real estate: Outer Banks Real Estate Off To A Fast Start In 2009 - 03/03/09 02:13 PM
With two months in the books for 2009 it seems that the economic news in the country just keeps getting worse. However on the Outer Banks the real estate market just keeps getting better!!
In February there were more houses put under contract since the fall selling peak of October 2008. That means that the buyers that started to show up in January are buying and the buying pace is still picking up. I predict March will be just as good if not better.
The hot price range is still under $500,000. Out of the 120 houses sold this year 96 … (0 comments)
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real estate: 2009 Off To A Good Start For The Outer Banks Real Estate Market - 02/04/09 08:51 AM
2009 off to a great start!! So far in 2009 the buyers have been showing up in full force and they are buying !! Since the beginning of the year there has been a 13% increase in houses that have gone under contract compared to 2008. You can go to my website www.HometownOBX.com or directly to my blog post Outer Banks Real Estate to read all about it.
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real estate: Outer Banks Real Estate-Goodbye to 2008 Hello to 2009 - 01/08/09 10:11 AM
2008-It's finally over!!
I know for many of you, including myself, I could not wait for 2008 to be over. The stock market came crashing down, the real estate market continued it's downward spiral and the economy just tanked. All in all 2008 will go down as one of the worst years in recent memory
As for the Outer Banks real estate market things went from bad in 2007 to worse in 2008. It seems that foreclosures and short sales were everywhere on the Outer Banks, listings stayed on the market longer, and buyers just disappeared.
In 2008 according to … (3 comments)
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real estate: Get A List Of The Best Deals On The Outer Banks Including Foreclosures & Short Sales - 12/11/08 12:50 PM
Go to my Outer Banks Real Estate Blogfor information on how you can get a list of the best real estate deals on the Outer Banks. I have been swamped with emails and calls from potential clients who wanted to know what were the best deals on the Outer Banks. So I decided to create a list for every town in every price range. From over 4000 listings I have narrowed it down to the best of the best. Go to the blog or www.HometownOBX.com to learn how to get your list.
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real estate: Outer Banks Short Sale In Corolla - 11/21/08 08:41 AM
I just listed one of those "great deals" that buyers are looking for on the Outer Banks in Corolla. This house is a short sale and is selling below current tax value and $100,000 less than it's orginal purchase price in 2004. To get more information go to Corolla Short Sale . You can check out all the Outer Banks listings, get a list of foreclosures and short sales on my website www.HometownOBX.com
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real estate: Outer Banks Real Estate & Local News Podcast Up & Running!! - 10/16/08 12:56 PM
Get weekly commentary on the Outer Banks Real Estate market plus local Outer Banks news!!Subscribe & listen to the Outer Banks Real Estate & Local News podcast at iTunes or at Outer Banks Podcast,It's Free!!
I hope to have at least 2 new podcasts each week to download. Each week I will be talking about the current state of the Outer Bank real estate market including new listings, sold listings, price changes, and market commentary as well as local Outer Banks news. So subscribe to the Outer Banks Real Estate & Local News Podcast, it's free & easy!!!
For those of you that don't … (0 comments)
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real estate: Short Sale Price Reduction In Nags Head - 10/06/08 01:34 PM
I have a short sale listing in Nags Head that just had a big price reduction. This house would make a great investment property, 2nd home, or year round home. The house has a pool, hot tub, game room, plus lots of great living space. Go to my website www.hometownobx.com or my blog post Nags Head Short Sale for more information.
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real estate: Great Article On The Current Economic Crisis Today vs The Past - 10/02/08 10:47 AM
I came across a great article that explores the current economic crisis facing us today vs those that plagued our country years ago. The article compares past financial turmoils and how the media portrayed them at the time "end of the world". This article actually makes you sit back and think how much the media controls not only our lives but the financial markets as well. The underlying theme of the article is to stay the course with sound investment principals. While the article is geared towards the stock market the same rationale applies to real estate as well.
You can go to my website … (0 comments)
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real estate: Parade Of Homes Set For The Outer Banks - 09/11/08 03:10 PM
Once again for the 16th year the Outer Banks Home builders presents the Outer Banks Parade Of Homes. This year the parade will be held from October 9th-12th with 32 homes entered in this year Parade. For more inforamtion you can go my website www.HometownOBX.com or the Outer Banks Parade blog post.
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real estate: New Listing In Corolla, NC Located In Whalehead - 08/21/08 10:35 AM
Great Ocean Views!!
• 2,400 sq. ft., 4 bath, 6 bdrm 3 story - MLS® $849,999 - Tons of Upgrades!!
Whalehead Club, Corolla - Looking for a house that has all the work done for you?? This house has had upgrades and improvements from top to bottom over the last 4 years. Heated pool, hot tub with oceanviews, game room w/ foos ball & air hockey, plus outside volleyball court. The exterior was just painted this year and the interior paint was touched up as well. Ask for the list of improvements!! This is a must see beachhouse!! Renters love this house … (0 comments)
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real estate: Outer Banks Real Estate- What % below asking price is about right to offer on a home in Southern Shores, NC. - 07/08/08 10:24 AM
I got another question recently from an interested buyer looking in the Southern Shores area of the Outer Banks. They wanted to know:
Question:
What % below asking price is about right to offer on a home in Southern Shores, NC that will be used for a weekly vacation rental? Also it does not have a pool, how much would it cost to add one?
Answer:
There was time when you could count on the local MLS information to help you come up with the right offer. However with the current state of the market it takes a lot more … (0 comments)
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real estate: Anyone Looking To Retire To The Outer Banks & Run A Wonderful Business?? - 07/02/08 03:02 PM
If you have ever dreamed of retiring to the Outer Banks but still wanted something to do I have the perfect opportunity for you!!! I just listed a wonderful piece of property that consists of 2, attached but separate entrance, single family homes with a wonderful art gallery on the bottom of one of the units. That's right you don't even have to leave you home to go to work!! The Sally Huss Gallery has been a local and visitor favorite for over 15 years and now the owner is ready to pass on this amazing business to someone else. The … (2 comments)
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real estate: Outer Banks Real Estate-What is the market like in Duck and Corolla, NC? - 06/18/08 10:43 AM
What is the market like in Duck and Corolla, NC? We have been trying to purchase there for years but the area was experiencing extremes of price appreciation. Asked Tue Jun 10 2008 11:55 by B. M.
I answered this question the other day from one of the sites I belong to and wanted to post my answer here.
Matt Huband answered:
Just like everywhere on the Outer Banks the prices in Duck & Corolla have come down to where they were in 2003-2004. Most of the homes in Duck & Corolla are in the $500,000+ range with most over $1M an this price range … (1 comments)
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real estate: Classic Outer Banks Beach House For Sale - 04/24/08 12:59 PM
I just go this fabulous listing located steps to the beach b/w the highways in Kill Devil Hills. If know anyone looking for a well taken care of beach house in a fabulous location then this is the house!!!
Click Here to take a look.
It's priced right and ready for a new owner!!!
Just to let you know the action down here has gone crazy in the last few weeks!! The buyers have started to come back to take advantage of the incredible deals that are here!! I was at our local Realtor meeting yesterday and all the agents commented on how their … (0 comments)
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real estate: Outer Banks-Currituck Mid County Bridge Releases Project Documentation - 04/21/08 01:38 PM
For anyone interested in the Currituck Mid County Bridge the NC Turnpike Authority has released a 48 page document detailing the scope of the bridge project. It spells out just about everything about the project from start to finish. I know many tourists who travel to Duck and Corolla are going to thrilled when this bridge is finally completed.
Click Here to go to the NC Turnpike's website to read the document.
PS
A quick note on the real estate front, The action has really picked up in the last few weeks. It seems the buyers all decided at on time to come back and scoop … (0 comments)
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real estate: Outer Banks Real Estate-Why Now May Be The Time To Buy - 04/15/08 05:05 PM
Here is the breakdown on the last 7 years of Outer Banks real estate stats
New Listings #Sold Avg. Sale Price Day On Market % Of Sold Price Vs List Price
2000 3778 2721 $176,374 216 98.33
2001 3691 2932 $192,140 217 97.01
2002 4372 3576 $254,435 169 97.58
2003 4510 3098 $337,086 152 97.37
2004 5212 3711 $402,928 150 97.04
2005 5914 3159 $463,657 150 96.51
2006 7154 1679 $445,785 179 94.88
2007 6729 1508 $427,199 190 93.25
2008 1751 336 $405,024 201 92.33 As of 4/15/08 177 listing are U/C with 4336 active listings
As you can see prices are back to where they were in 2004!!! It is … (0 comments)
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real estate: Outer Banks Real Estate Prices Heading South!! - 04/01/08 08:43 AM
I just keep saying it over and over, what a great time it is to buy a house on the Outer Banks in all price ranges and here in another reason why!!!
I have a seller that just re-listed their house and reduced the price from $715,000 to $659,000!!
The original purchase price of the house was $689,900 in 2005 and now it's listed at $659,000
This 7bd home is only 4yrs old comes fully furnished and does $30,000 a yr in rental income. The house already has $19,800 booked for the 2008 rental season.
Click Here to check out the brochure and … (0 comments)
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