Welcome to May, the month that extends its welcoming embrace with a sparkle in its eye, seemingly whispering, “Let’s make this month full of bloom!” Though Mother’s Day has come and gone, it’s never too late to lavish our moms with affection, appreciation, and perhaps a bouquet or two. While we celebrate those extraordinary women who have shaped our lives, let us also remember the courageous members of the military who lost their lives while fighting for our freedom and security as Memorial Day approaches. So here’s to May, a month brimming with love, commemoration, and the anticipation of positive times ahead!
Outer Banks communities have ramped up efforts to prohibit balloon releases due to environmental concerns. The Town of Duck led the charge by enforcing a ban in April, followed by Southern Shores and Nags Head with a similar outright ban. Kill Devil Hills along with Kitty Hawk have discussed the potential ban, but have yet to vote on it at the time of this note. This response comes after a notable surge in balloon-related litter on Outer Banks beaches. In 2023, the National Park Service retrieved 1,786 balloons, more than double the amount from 2022. Balloons present a significant danger to wildlife and coastal ecosystems, prompting organizations like the Outer Banks Association of Realtors and the Outer Banks Wedding Association to advise against balloon releases. North Carolina is also contemplating a statewide ban on helium balloon releases, showcasing the area’s increasing dedication to environmental preservation. Local groups advocating for environmental conservation have recommended various eco-friendly options to mark significant occasions. These alternatives include blowing bubbles, planting trees, or utilizing biodegradable confetti. Let’s come together to celebrate responsibly and demonstrate our care for the planet.
In real estate news, recent patterns for inventory are apparent in the April 2024 MLS Statistical Report, with notable increases in both the residential and lot/land categories. Lot/land inventory has increased by 6% since last April and 16% since January, residential inventory has increased by 57% since April 2023 and 15% since January 2024. The overall inventory has increased significantly, by 31% from the previous year and by 15% since the start of 2024. Residential sales are rebounding, while single-family detached home sales are down 5% for 2024 after rising 19% in April 2023. In similar fashion, condo sales are down 6% for 2024 despite an 18% gain from April of last year. These figures point to a market that is active and offers chances for both buyers and sellers.
If you’re contemplating selling, looking to buy, or have friends or family interested, please feel free to reach out to us. We can offer a complimentary market analysis to sellers for your property, or include potential buyers in auto-email notifications tailored to specific properties. Additionally, if you’re unable to visit in person, we provide virtual showings and are happy to preview homes for you, sending detailed notes. Whether your real estate needs span the globe for personal use or investment, we’re here to help. Our extensive network of agents ensures seamless transactions, regardless of location. Our team is equipped to deliver a luxurious experience wherever you are. Reach out today, and let’s make your real estate dreams a reality, no matter where you’re located.
Hope everyone has a fantastic spring and that we see you in Duck this summer! Heather & Mandi
