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corolla nc: January Stats - Outer Banks Opportunity at all time high & Fence getting uncomfortable - 01/31/09 09:49 PM
January closes out on Outer Banks with 62 single homes under contract for the month. There may be a few that went under contract this weekend with paperwork pending.
There are currently 1997 single family homes on MLS - this means there is a 32 month supply of homes on the market as of today. There were 42 new listings posted over the weekend. Our absorption rate is  three times the national average - Buyers delight!
34 single family homes closed in the month of January with seven of those being REO's. This means that REO's accounted for 20% of the market … (3 comments)

corolla nc: Can we really call a property an investment when it caps @5%?? - 08/05/08 11:00 PM
I makes no sense to classify a Beach House as an investment when it only does 5% gross return on income. Once you deduct the operating expenses you are at about 3% or less!!!
I would rather buy a CD or something that will put$$$ in my pocket for an investment. Real investors laugh at listings that are $2,000,000.00 and they are grossing $98,000----
 Everyone  one is tired of looking at them collecting dust on MLS-!
 If I want an investment and by that I mean something that will pay on principal then I will buy a bond or CD or something that will … (3 comments)

 

Steve Blaisdell ,FOC

Nags Head, NC

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Beach Realty and Construction

Address: 4826 N Croatan Highway, Kitty Hawk, NC, 27949

Office Phone: (877) 621-3815 x 238

Cell Phone: (252) 207-5864

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