Outer Banks Real Estate Blog

Price Reduced on 1116 Schoolhouse Ln, Corolla NC

Corolla, Currituck County  -  Announcing a price reduction on 1116 Schoolhouse Ln, a 4,163 sq. ft., 7 bath, 7 bdrm 3 story "Reverse Floor Plan". Now MLS® $770,000 - Price Reduced.

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About the author of this blog:

Matt Huband, SFR is Broker/Owner of OBX Realty Group in Kitty Hawk, NC and a NAR Certified Short Sale & Foreclosure Resource. Matt works with buyers and sellers from Corolla to Hatteras interested in foreclosures, short sales, 2nd home, investment property, new construction, and condo sales. For many years Matt has been helping his clients realize their dream of owning an Outer Banks beach house. Put Matt's extensive area knowledge to work for you. Contact Matt today to get started on finding your new beach house.

To learn more about Outer Banks real estate go to www.obxrealtygroup.com or email obxrealtors@gmail.com. 

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OBX Realty Group|Price Reduced on 5 Ocean View Loop, Southern Shores, NC 27949|$439,999|MLS#67692

Announcing a price reduction on 5 Ocean View Loop,Southern Shores NC a 1,727 sq. ft., 3 bath, 4 bdrm single story. $439,999 - Price Reduce

OBX Realty Group|Nags Head To Start Beach Nourishment On The Outer Banks In June 2011

It has been a long time coming but finally the Town of Nags Head has received the go ahead to start their beach nourishment project. Beach nourishment has been a controversial topic on the Outer Banks for the last 15yrs. The project will begin in June and start in South Nags Head, an area that has seen the worst beach erosion over the last 2 decades, and will span 10 miles. Only time will tell if it was worth it or not.

Below is the beginning of an article from The Outer Banks Voice on the project:

Beach nourishment is officially a go for Nags Head

Rob Morris | April 6, 2011

"Other than the weather or equipment failure, no more obstacles appear to be in the way of Nags Head starting to pump sand onto 10 miles of beach this spring and finishing by October.Pending litigation will not affect the timetable, and the state has approved a financing plan, Town Manager Cliff Ogburn said Wednesday.As early as mid-June, Ogburn said, residents and visitors will likely see the first of up to four dredges, the Texas, a vessel the length of a football field, pumping sand from off the South Nags Head shoreline.Ogburn told the Board of Commissioners that the state's Local Government Commission on Tuesday unanimously approved borrowing up to $18 million in special obligation bonds to pay for half of the project."

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About the author of this blog:

Matt Huband, SFR is Broker/Owner of OBX Realty Group in Kitty Hawk, NC and a NAR Certified Short Sale & Foreclosure Resource. Matt works with buyers and sellers from Corolla to Hatteras interested in foreclosures, short sales, 2nd home, investment property, new construction, and condo sales. For many years Matt has been helping his clients realize their dream of owning an Outer Banks beach house. Put Matt's extensive area knowledge to work for you. Contact Matt today to get started on finding your new beach house.

To learn more about Outer Banks real estate go to www.obxrealtygroup.com or email obxrealtors@gmail.com.

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OBX Realty Group|Kitty Hawk Wal-Mart Going Super In The Fall

According to an article in the Virgina Pilot onlinethe Outer Banks' only Walmart store is still slated to be upgraded to a Supercenter, but it could be this time next year before its completed. The expansion will be take place in an area behind the store while the interior will be totally redesigned. The initial expansion was scheduled for this spring but a longer planning process was needed. Construction is slated to begin after the summer tourist season is over and be ready by spring 2012.

About the author of this blog:

Matt Huband, SFR is Broker/Owner of OBX Realty Group in Kitty Hawk, NC and a NAR Certified Short Sale & Foreclosure Resource. Matt works with buyers and sellers from Corolla to Hatteras interested in foreclosures, short sales, 2nd home, investment property, new construction, and condo sales. For many years Matt has been helping his clients realize their dream of owning an Outer Banks beach house. Put Matt's extensive area knowledge to work for you. Contact Matt today to get started on finding your new beach house.

To learn more about Outer Banks real estate go to www.obxrealtygroup.com or email obxrealtors@gmail.com. 

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OBX Realty Group|Search all Outer Banks Forelcosure Listings at OBXRealtyGroup.com

The Outer Bank Real Estate Market has seen a dramatic number of foreclosures over the last few years. When looking at Outer Banks Foreclosure Listings you need to work with an Outer Banks Real Estate Agent who is knowledgable and experienced in dealing with Banked Owned Foreclosure property. Just because it's a Outer Banks Foreclosure doesn't make it the best deal in the Outer Banks Real Estate Market.  

I am proud to be one of only a small percentage of Outer Banks Real Estate Brokers to receive the National Association of Realtors Short Sale and Foreclosure Resource Certification. I have helped my clients navigate the Outer Banks Foreclosure Market and successfully closed deals. If you are looking for an Outer Banks Foreclosure Contact Me today to put my knowledge and experience to work for you.

Check out the Outer Banks Foreclosure Listings to hit the market. You can go to Just Listed:Outer Banks Foreclosures for all foreclosures listed in the last 14 days.

Want to receive Outer Banks Foreclosure Listings in your email?? It's easy just Contact Me and fill out the form with "Foreclosure Email" in message box. All new Outer Banks Foreclosure Listings will show up in your inbox.

OBX Realty Group|Price Reduced|5 Ocean View Loop in Ocean View Loop, Southern Shores NC|$515,000

PRICE REDUCED!!!! 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 in January 2011. Other upgrades since 2008 include a new hot water heater, and furniture. Put it on your best buy list, it's worth it!!

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For more information about this Outer Banks real estate listing contact Matt Huband-Broker/Owner at obxrealtors@gmail.com or 252-255-0221.

About the author of this blog:

Matt Huband, SFR is Broker/Owner of OBX Realty Group in Kitty Hawk, NC and a Certified Short Sale & Foreclosure Specialist. Matt works with buyers and sellers from Corolla to Hatteras interested in foreclosures, short sales, 2nd home, investment property, new construction, and condo sales. For many years Matt has been helping his clients realize their dream of owning an Outer Banks beach house. Put Matt's extensive area knowledge to work for you. Contact Matt today to get started on finding your new beach house.

To learn more about Outer Banks real estate go to www.obxrealtygroup.com or email obxrealtors@gmail.com. 

Subscribe To My Monthly Newsletter: OBX Real Estate Update

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OBX Realty Group|Outer Banks Real Estate Update Newsletter|February 2011

The Outer Banks real estate market continues to heat up at the start of 2011. The number of listings that went under contract in January was up 20% from this same time last year. 2010 ended up as the best year the Outer Banks market has seen since 2006. With inventory continuing to decline, down 14% from 2010, and home sales increasing I am starting to see signs of a fundamental shift in the market towards neutral from the buyer's market we have seen for the last 5 years.  

Mortgage rates have moved above 5% for the first time in a few years with many experts saying that by the end of year rates could be close to 6%. The number of distressed property sales has been stable for the last 3 months still hovering around 40%(30% Foreclosures & 10% Short Sales) of all properties sold on the Outer Banks.

One promising sign that the real estate market is getting back to normal is for the first time in 6yrs there was an increase for building permits in 2010. That's right new construction is starting to make a comeback with houses going up all over the beach. Now this is not the spec building of the past but custom homes where buyers took advantage of low lot prices.

The Outer Banks economy got a big boost last year as the 2010 numbers are finally in. According to the Chamber and Visitors Bureau 2010 saw a record number of tourists visit the OBX.  The good news was not only did they show up but they spent money.  Retail sales receipts up 15% in Dare and 83% in Currituck (Corolla) over 2009. Food & Beverage sales up 1.5%.  2011 is shaping up to be even better !!

Check out the entire Outer Banks Real Estate Update Newsletter

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OBX Realty Group|The Outer Banks Has Made It To Prime Time TV| "30 Rock" Episode Mentions Nags Head

The Outer Banks Has Gone Prime Time On An Episode Of "30 Rock"

My wife was watching an episode of the NBC sitcom "30 Rock" and in the first 30 seconds of the show Liz(played by Tina Fey) is talking with Jack(Alec Baldwin) about going on a trip to Nags Head. My wife almost fell off the sofa!!! Can you belive the Outer Banks has made it to Prime Time TV!! You can check ou the episode here

About the author of this blog:

Matt Huband, SFR is Broker/Owner of OBX Realty Group in Kitty Hawk, NC and a Certified Short Sale & Foreclosure Specialist. Matt works with buyers and sellers from Corolla to Hatteras interested in foreclosures, short sales, 2nd home, investment property, new construction, and condo sales. For many years Matt has been helping his clients realize their dream of owning an Outer Banks beach house. Put Matt's extensive area knowledge to work for you. Contact Matt today to get started on finding your new beach house.

To learn more about Outer Banks real estate go to www.obxrealtygroup.com or email obxrealtors@gmail.com. 

Subscribe To My Monthly Newsletter: OBX Real Estate Update

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Just Listed:Outer Banks Foreclosures 
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OBX Realty Group|The Outer Banks Real Estate Market Is Off To A Great Start In 2011

The Outer Banks real estate market continues to heat up at the start of 2011. The number of listings that went under contract in January was up 20% from this same time last year. 2010 ended up as the best year the Outer Banks market has seen since 2006. With inventory continuing to decline, down 14% from 2010, and home sales increasing I am starting to see signs of a fundamental shift in the market towards neutral from the buyers market we have seen for the last 5 years. Mortgage rates have moved above 5% for the first time in a few years with many experts saying that by the end of year rates could be close to 6%. The number of distressed property sales has been stable for the last 3 months still hovering around 40%(30% Foreclosures & 10% Short Sales) of all properties sold on the Outer Banks.

There are still incredible deals to be had on the Outer Banks!!

About the author of this blog:

Matt Huband, SFR is Broker/Owner of OBX Realty Group in Kitty Hawk, NC and a Certified Short Sale & Foreclosure Specialist. Matt works with buyers and sellers from Corolla to Hatteras interested in foreclosures, short sales, 2nd home, investment property, new construction, and condo sales. For many years Matt has been helping his clients realize their dream of owning an Outer Banks beach house. Put Matt's extensive area knowledge to work for you. Contact Matt today to get started on finding your new beach house.

To learn more about Outer Banks real estate go to www.obxrealtygroup.com or email obxrealtors@gmail.com. 

Subscribe To My Monthly Newsletter: OBX Real Estate Update

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Just Listed:Outer Banks Foreclosures 
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OBX Realty Group|300 E Driftwood St, Nags Head|Multi-Family w/Retail|Price Reduced To $600,000

Nags Head B/W Highways, Nags Head  -  Announcing a price reduction on 300 E Driftwood St, Nag Head, NC. Now MLS® $600,000 - Price Reduction.

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Outer Banks Foreclosure|Rodanthe Foreclosure|24228 Caribbean Way Rodanthe, NORTH CAROLINA 27968|MLS#68943|$699,000

Outer Banks Real Estate|Rodanthe Real Estate|24228 Caribbean Way Rodanthe, NORTH CAROLINA 27968 MLS# 68943:  6 Bedrooms   5 Bathrooms   1 Partial Baths $699,000

Amazing Opportunity to own a Outer Banks rental property. Bank Owned Vacation Home at The Estates at Hatteras Island. Six Bedrooms, Private Pool, Elevator, Nice Views.

For more information about the Outer Banks Foreclosure contact Matt Huband-Buyer's Agent at obxrealtors@gmail.com or 252-255-0221.

Listing courtesy of Davenport, Michael from Sun Realty - KDH© 2011 Outer Banks Association of Realtors®. All right reserved. The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Outer Banks Association of REALTORS®. Real estate listings include the name of the brokerage firms and listing agents. Information is believed to be accurate but is not warranted. Information provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Neither the Outer Banks Association of REALTORS® nor OBX Realty Group shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Data services provided by IDX Broker

About the author of this blog:

Matt Huband, SFR is Broker/Owner of OBX Realty Group in Kitty Hawk, NC and a Certified Short Sale & Foreclosure Specialist. Matt works with buyers and sellers from Corolla to Hatteras interested in foreclosures, short sales, 2nd home, investment property, new construction, and condo sales. For many years Matt has been helping his clients realize their dream of owning an Outer Banks beach house. Put Matt's extensive area knowledge to work for you. Contact Matt today to get started on finding your new beach house.

To learn more about Outer Banks real estate go to www.obxrealtygroup.com or email obxrealtors@gmail.com. 

Subscribe To My Monthly Newsletter: OBX Real Estate Update

For Email Marketing you can trust

Outer Banks "HOT DEALS" Real Estate Listings 
Just Listed:Outer Banks Foreclosures 
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OBX Realty Group|Southern Shores Real Estate|5 Ocean View Loop, Southern Shores NC|Price Reduction To $545,000

Southern Shores Real Estate| -  Announcing a price reduction on 5 Ocean View Loop, a 1,727 sq. ft., 3 bath, 4 bdrm single story. Now MLS® $545,000 - Great Location, Walk to the beach, Pool.

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OBX Realty Group|Outer Banks Real Estate Market Ends 2010 On A High Note

2010 will go down as the year the Outer Banks real estate market finally turned the corner and ended a 5-yr downward cycle. Compared to 2009 the number of property sales increased 20%(the highest total since 2006), the number of active listings decreased approx. 20% and the overall average sold price was retaliatively flat dropping just 2.7% from 2009. That is not bad considering the 13% decline a year ago. Since the Outer Banks market started to decline in August of 2005 the overall drop in average sold price has been 29%. Mortgage rates have started to climb up to  4.75% to 5% which is still an amazing rate however they are projected to slowly inch upward as the year goes on. While the national market continues to search for a bottom the Outer Banks market has turned around and is already starting to recover. Great deals are still to be had and not just in the distressed property market(currently representing just 16% of the total active listings). With that said I believe by the end of 2011 the Outer Banks market will turn Neutral from the Buyer's market we have seen for the last 4 years.  

About the author of this blog:

Matt Huband, SFR is Broker/Owner of OBX Realty Group in Kitty Hawk, NC and a Certified Short Sale & Foreclosure Specialist. Matt works with buyers and sellers from Corolla to Hatteras interested in foreclosures, short sales, 2nd home, investment property, new construction, and condo sales. For many years Matt has been helping his clients realize their dream of owning an Outer Banks beach house. Put Matt's extensive area knowledge to work for you. Contact Matt today to get started on finding your new beach house.

To learn more about Outer Banks real estate go to www.obxrealtygroup.com or email obxrealtors@gmail.com. 

Subscribe To My Monthly Newsletter: OBX Real Estate Update

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Just Listed:Outer Banks Foreclosures 
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OBX Realty Group|Another Great Deal On The Outer Banks Sold|15 Circle Dr, Southern Shores NC SOLD For $350,000

Another Great Outer Banks deal has been sold by Matt Huband-Broker/Owner of OBX Realty Group at 15 Circle Dr, Southern Shores NC for $350,000!!

This property was purchased by the seller in 2004 for $430,000. After the purchase a pool was added to increase rental income. This house sold for $121,000 less than the current Dare County Tax Value! The Outer Banks real estate market has defied current national trends with price stabilization and strong buyer demand. Contact Matt today to get your search started for Outer Banks real estate.

Property information

About the author of this blog:

Matt Huband, SFR is Broker/Owner of OBX Realty Group in Kitty Hawk, NC and a Certified Short Sale & Foreclosure Specialist. Matt works with buyers and sellers from Corolla to Hatteras interested in foreclosures, short sales, 2nd home, investment property, new construction, and condo sales. For many years Matt has been helping his clients realize their dream of owning an Outer Banks beach house. Put Matt's extensive area knowledge to work for you. Contact Matt today to get started on finding your new beach house.

To learn more about Outer Banks real estate go to www.obxrealtygroup.com or email obxrealtors@gmail.com. 

OBX Realty Group|4406 N Virginia Dare Trl, Kitty Hawk, NC 27949|MLS#68460|$775,000

Outer Banks Real Estate|Kitty Hawk Real Estate|4406 N Virginia Dare Trail Kitty Hawk, NORTH CAROLINA 27949 MLS# 68460:  5 Bedrooms   4 Bathrooms   1 Partial Baths $775,000

This well maintained Kitty Hawk beach house has it all. Great ocean views, steps to the beach, pool, hot tub, putting green, sand volleyball court, partial glass elevator with an ocean mural that runs all 3 floors and manicured lawn. That is just the outside!! No wonder renters love this place!! Inside you will find 5 bedrooms, 3 of them masters, along with a wet bar, kitchen, living, and dining room area that offers plenty of space for friends and family. To top it all off you can enjoy breathtaking ocean views from just about anywhere in the house. The sellers have taken great pride in keeping this house in tip top shape. In November 2010 they have purchased new sofas and painted the exterior decks/trim. This is a truly turnkey property with a consistent rental history of $60,000 to $64,000 a year.

For more information about this Kitty Hawk Listing contact Matt Huband at obxrealtors@gmail.com or 252-255-0221.

About the author of this blog:

Matt Huband, SFR is Broker/Owner of OBX Realty Group in Kitty Hawk, NC and a Certified Short Sale & Foreclosure Specialist. Matt works with buyers and sellers from Corolla to Hatteras interested in foreclosures, short sales, 2nd home, investment property, new construction, and condo sales. For many years Matt has been helping his clients realize their dream of owning an Outer Banks beach house. Put Matt's extensive area knowledge to work for you. Contact Matt today to get started on finding your new beach house.

To learn more about Outer Banks real estate go to www.obxrealtygroup.com or email obxrealtors@gmail.com. 

Subscribe To My Monthly Newsletter: OBX Real Estate Update

For Email Marketing you can trust

Outer Banks "HOT DEALS" Real Estate Listings 
Just Listed:Outer Banks Foreclosures 
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