Prices are at an all time low and buyers are taking advantage of it.  The talk is will this be the bottom or will it be next year?  Some say 2010, others say no one knows how much more the market can take.  Price simply can not go much lower.  Regardless of how or when, buyers are taking advantage of the great deals the Outer Banks has to offer.  Oceanfront properties are cheaper than before 2002!  Semi-oceanfront properties are more affordable than ever.  Getting close to the water is more possible than you think!  The foreclosed and bank owned properties that have sold this year or that are currently for sale on the Outer Banks, prove to be great deals with prices hundreds of thousands of dollars less than the city assessed tax value.  Lending appears to have their act a little more together than 6 months ago and closings are occurring without as many curve balls thrown by underwriting.  For more information on great deals on the Outer Banks, go to http://allaboutobx.com or call me directly!

Wende Pritchard, Broker/Owner, All About OBX Real Estate, 252-207-1147.