Although the calendar shows it as spring, March surprised us with its temperamental weather patterns. Several hours of any given day had warm summer-like weather, and then a front would bring back winter before we could get home from the beach. Let’s hope April brings more consistently warm days.
In local news, the North Carolina Department of Transportation announced they received federal approval for the mid- Currituck bridge in early March! This is some of the biggest and possibly the best news our area has had in quite some time. Talks of the bridge have been joked about for decades by almost everyone who has visited or who lives along the northern areas of the Outer Banks. Even though we still have a long road (or shall we say bridge) ahead of us, this is a huge advancement for the ongoing traffic issue we face during the summer months and weekends during the shoulder seasons. The OBX Homes Team has fielded many inquiries from homeowners and potential buyers asking for details of this project. The bridge is still in very early stages, but you can find more information HERE.
In real estate news, the long-awaited construction of the mid-Currituck bridge could potentially create one of the most positive impacts for all components of real estate along the Outer Banks! Almost every aspect from sales, rentals, and investment properties will benefit directly in response to the new bridge. We haven’t noticed a dramatic change in the market quite yet; however, the month of March was considerably more active. The inventory has been increasing steadily for the past few months causing many active listings to lower their prices, and new listings to come on the market at a less aggressive price. We don’t believe there is anything to be alarmed about. It is just the market trying to balance itself.
We’ve included the OBAR statistics for March 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 by decreasing our paper output, so if you’d like to help, 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
