As the long and brutal winter of 2014 drags on, many of you are looking for signs of spring. On the Outer Banks, we’ve been carefully watching for the return of the Ospreys, and they have at last graced us with their presence. As another winter storm bears down on us this week, it is probably safe to assume that we will be a few more weeks before spring has officially arrived. We are counting our blessings, none the less, as we’ve had very little snow compared to our neighbors to the north and west.
We are enclosing an interesting article about the Washington Baum Bridge. The repairs on it will not be completed this winter as planned. However, we are very grateful that they do plan to reopen the bridge in the spring. Can you even imagine what a summer on the Outer Banks would be like if we only had one bridge open?
In real estate news, Twiddy & Company is very proud to announce that our offices in Duck and Corolla ranked as number one and two for the entire Outer Banks for both December and January. Since 2004 our market share has nearly doubled, going from 4.3% up to 7.5%. This is further evidence that you can trust us to work very hard for you when it comes to buying and selling real estate on the Outer Banks.
The inventory remained on a downward trend up until this year, but the market continues to make slow and steady progress towards recovery. Currently, the inventory is up by 5% for both residential and land listings. The spring market is typically a very busy time for buyers, so we expect the inventory to level out in the next couple of months.
As always, if you have any real estate related questions please be in touch.
