Mark Twain once said, “In the spring, I have counted 136 different sorts of weather within 24 hours,”. During the same week last month, we had snowfall and beautiful, sunny beach days. Quite an interesting time of year it can be in our area during this season! Let’s hope Mother Nature gets her act together and begins paying attention to the calendar so we don’t have to deal with any more wacky weather.
The OBX Homes team is excited to share information about an upcoming event that is close to our hearts. From 1 to 5 p.m. on Sunday, April 24, the Outer Banks SPCA will host a Bark in the Park event at Dowdy Park in Nags Head. We’d love to see you there if you’re in the neighborhood. Please visit https://www.obxspca.org/donate/ if you’d want to support this event or the SPCA in general. We all know how much joy our pets provide us, and this is a terrific way to help animals in need and anyone considering adoption. For further information about the event, please see the attached flyer in this email.
According to local press, Currituck County has revised the process for beach parking permits in the 4×4 area. If you own property in Currituck County and would like additional information about these changes, please visit the following link: https://co.currituck.nc.us/beach-parking/. As a reminder, from April 30 to October 1, beach parking permits are required in the 4×4 area. If you plan on hanging out on this stretch of Corolla, please apply for a parking permit at https://currituckcountync.ticketspice.com/currituckbeachparking. Please note there is a limit of 300 permits per week for all non-property owners or tenants and that permit costs $50 for the week.
In real estate news, the possibility of rising interest rates has prompted a feeding frenzy among last-minute investors, apparent from the most recent statistics report. In the month of March alone, 13 homes sold for more than $2 million. At the time of writing, our MLS has 25 listings under contract with a $2 million asking price, 21 of which are north of the Oregon Inlet. At the same price point or higher, there are more homes under contract than active listings. The shrinking inventory is forcing prices higher and higher, keeping sellers in the lead, but there’s always the possibility that current events and the status of our economy could change the game. It’s worth pointing out that we have noticed a decrease in buyer interest. The key question is when or if prices will level off or even start to decline. Only time will tell.
If you’ve been thinking of selling, are looking to purchase, or have friends/family interested, please don’t hesitate to reach out, as we can send a free market analysis for your property and also add prospective buyers to the auto-email notifications for specific types of properties here at the beach. If you’re not able to visit in person, we offer virtual showings and are more than happy to preview a home for you and send some notes.
We’ve included the OBAR statistics report for March* for your review. If you would like a more tailored report with specific figures for your neighborhood, please let us know, as the report we send contains figures from Corolla south until Nags Head.
Please don’t hesitate to call or email us if you have any questions or should you need anything at all.
The OBX Homes Team
