Outer Banks, North Carolina Real Estate

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 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 ...

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 ...

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 ...

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 ...

If you have been following the financial news lately you may have started to hear talk about when the FED is going to raise interest rates. It should be no surprise that sooner or later the FED will have to raise rates since they have been at all time lows for many years.  The FED is going to have to be extra careful when the time comes to ...

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 ...

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. ...

 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 ...

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 ...