As the vibrant hues of summer slowly give way to the warm and rustic tones of autumn, we find ourselves transitioning into a season of serenity and charm here on the Outer Banks of North Carolina. October has arrived, bringing with it a perfect blend of pleasant weather, cultural celebrations, and outdoor adventures that make our coastal haven a must-visit destination this fall.
Last month presented some possible challenges to our area, both in terms of weather and government operations. A few tropical disturbances presented potential hazards and created dangerous ocean conditions. However, we were fortunate in that the storms had little impact on our beaches, and the previous year’s beach nourishment remains a success. There was also the impending threat of a government shutdown, which may have had an adverse impact on the area. As many property owners know, several national parks and government-run programs along the beaches play an essential part in our everyday lives. Fortunately, we were spared the effects of a government shutdown this time. While the current situation offers only a short-term solution, we remain hopeful that the responsible parties will reach an agreement to prevent future shutdowns.
In Outer Banks real estate news, the ongoing challenge is the limited number of available properties for sale. When we compare it to previous years, there has been a noticeable drop in new property listings during this season. It’s worth noting that a significant portion of Outer Banks’ housing options are vacation rentals, and homeowners typically decide to list their homes for sale once the peak rental season winds down. Surprisingly, this year, we have yet to witness this trend, and considering it’s already autumn, there’s a possibility that the inventory won’t see a significant increase in the coming months. This could result in a continued scarcity of available properties, potentially keeping prices higher.
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 September* 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
