In June, the inviting beaches of the Outer Banks are filled with the sound of seagull calls that blend with the sound of endless waves breaking on the shoreline. The saltwater breeze and smooth, warm sand make it easy to unwind. It’s the sort of spot where all of your worries seem to disappear much like a sandcastle when the tide comes in. The expansive views and laid-back atmosphere make it the ideal place to relax and recharge. Welcome to summer on the Outer Banks, where leisure and relaxation await! We would like to take this opportunity to wish a happy Father’s Day to any dads and all father figures out there! We are deeply thankful for the important role fathers play in our lives.
For some exciting local news, the Outer Banks has made history as the first location in North Carolina to welcome Wawa, a development that many familiar with the company will especially appreciate. This inaugural store marks the beginning of an ambitious plan to open in 90 more locations across the state. Wawa’s business model emphasizes deep community integration. Since the end of last year, Wawa associates have been residing in the area, not only to prepare for the grand opening but also to build relationships with local residents. “We don’t just open the doors. Long before the shovel even hits the ground, we become part of the community,” said area manager Jay Ratcliffe. The store will operate 24/7, providing a convenient spot for travelers and locals to grab coffee and gas. We are optimistic that it will be a tremendous success and a valuable addition to our community.
In real estate news, the May 2024 MLS Statistical Report highlights a significant boost in inventory levels. Residential inventory is up by 67% from last year, and lot and land inventories have also seen substantial increases. Despite this, residential sales are experiencing a seasonal downturn. Single-family home sales have seen a modest decline both year-over-year and since January, whereas condo sales have increased by 8% compared to last year but have recently experienced a slight dip. Additionally, the number of properties under contract has decreased by 19% compared to the previous year. There are still buyers out there and looking, but we have noticed a bit of a decline for requests to see properties, which we feel correlates to seasonality we generally experience during the peak season.
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.
Happy Summer and hope to see you all in Duck soon!
