“My beloved October has returned—with its brilliant colors, cool temperatures, and sunny, cloudless, azure skies, and I must enjoy it before it escapes for another year.” Peggy Toney Horton describes October in a way that reminds us to slow down and appreciate the magical experience that happens when summer turns into fall. If only we could have more than one October each year!
One of the many great things about fall in our area is the local events held during this time. Although a few of them were canceled or postponed this year, others are planning to return to their normal schedules. The Outer Banks Seafood Festival, the Bluegrass Music Festival, and the Outer Banks HALF Marathon (not the full, but we will take half) will all be taking place in the next few weeks. If you’re in the area, we highly recommend joining in on the festivities.
It is our great honor to announce a remarkable milestone for Heather McLay. This past week, Heather celebrated her 25th anniversary with Twiddy. Her many years of hard work and dedication have helped many homeowners exceed their real estate needs. May she continue to negotiate through the impossible and smile while doing so! Congratulations to Heather and may success always follow her!
In local real estate news, our current market condition is comparable to the fall weather. One day the emails and phone calls are above average like the warm temperatures, and the next they cool off like the wind. Although there was a slight increase in properties listed for sale last month, it wasn’t game-changing enough to offset the low supply and high demand. It is possible there could be an uptick in sales for the next few months with buyers trying to take advantage of the low mortgage rates before they start rising, and for investors who want something less volatile than the stock market. If you’ve been thinking about selling in the next few years, these next few months might be the best time to sell to maximize your home’s potential.
We’ve included the OBAR statistics for September* for your review. 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. Please note we are more than happy to preview homes for anyone, and we can video call from a property if that is of interest to you.
Please don’t hesitate to call or email us if you have any questions or should you need anything at all.
Stay well,
The OBX Homes Team
