There is a light at the end of the tunnel for the winter season. The daylight hours are getting longer, and temperatures are beginning to climb. Local owners are getting ready to open their doors for another season. In a few weeks the traffic will pick up with spring breakers, and homeowners coming to take advantage of the beach before the season officially opens.
The spring is a fun time to be on the beach. Locals are coming out of hibernation. The visitors are coming for vacation, and owners are getting their houses ready for the upcoming season.
In local news we are mourning the loss of North Carolina’s congressman Walter Jones who passed away mid-February. Jones was a big advocate of preserving our local resources along the Outer Banks. We certainly hope whoever takes over his seat will continue to follow his passion for looking out for our beaches and wildlife. The election for his replacement will take place July 9 of this year.
In real estate news the current level of activity is higher than the previous few months. The number of buyers requesting information and wanting to see properties was significantly greater in February. We cannot tell for sure if the government shutdown was the only cause for the slower start to the buying season, but things appear to be back on track for a good year for the local market. However, the increase in inventory for several subdivisions means there are more homes listed for sale, and this is creating tougher competition for sellers who wish to sell at higher prices. In addition to the homes listed for sale, the higher number of houses under construction along the Outer Banks will directly affect inventory and possible home sales in the upcoming months
We’ve included the OBAR statistics for February for your review, but if you would like a more tailored report with specific figures for your neighborhood, please let us know. 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.
