Happy 2019! We hope everyone enjoyed the holiday season and that 2019 is going to be a great year for you! We are looking forward to what we hope will be a busy and successful year for everyone! We are hopeful the government will come to a resolution, and things will get back on track as normal.
In local news The OBX Homes Team attended the Town of Duck council meeting in December to represent the impact of local real estate concerning new and current owners in the town of Duck. The proposed ordinance was to limit the square feet permitted for structures built on lots according to the lot size. The meeting lasted over three hours, and the council voted in favor of limiting the permitted structure size in accordance to their lot size; however, they are working on finding an acceptable scale which they can all agree on. We will keep a close watch on this and keep you posted with any new updates.
In real estate news, the Outer Banks went on a short hiatus for the holidays. The number of showings requested, inquiries about listings, and properties being listed were minimal from mid-December until recently. Just this past week the market came back to life, and both sellers and buyers will benefit. The interest rate dropped to a four month low, hovering around 4.5% in the beginning of the year, which is great news for buyers who take advantage of the lower rates before they increase, as many predict for 2019. Sellers, in turn, benefit from these prospective buyers’ desire to lock in lower rates prior to the rental season.
We’ve included the OBAR statistics for December as well as the year end statistics for 2018 for your review, but if you would like a more tailored report with specific figures for your neighborhood, please let us know. The OBX Homes Team is excited to announce they generated over 20 million in sales for 2018, and we were the top producers for our Duck Office for another year. Thank you to all our great clients who made that happen!
If you’ve been thinking about selling, we are happy to assist you with a free market analysis of your property. If you or anyone you know is interested in buying a property, we would love to help find the perfect home on the Outer Banks.
The OBX Homes Team is making an effort to help the environment and decrease our paper output, so if you’d like to help with reducing our paper use, please send us a current email. We will send you a notification each month to look on our website for the updated owner note and statistics report. We appreciate your effort to help with this and thank you. We will continue with owner mailings to those who wish to receive them by mail.
Please don’t hesitate to call or email with any questions, or if you need anything.
The OBX Homes Team
