SOLD!
Located right on the beautiful Corolla beach, this oceanfront home has all you need for the perfect rental home!
6 bedrooms, 4 full baths, & 2 partial baths. Beautifully decorated and appointed.
Add a private pool for an excellent cash flow.
Click the photo below for the amazing virtual tour….
715 Crown Point Circle, Corolla NC
MLS# 98069
We hope everyone is enjoying their fall. October continued with unseasonably warm weather here on the Outer Banks. Although the number of vacationers and homeowners visiting during the week has decreased, we continue to see many people taking advantage of the weekends here on the beach. We expect to have a good number of people in town Veterans’ Day weekend for the annual Outer Banks Marathon. If you or someone you know is running any of the races we wish you the best of luck and congratulations for accomplishing such a great achievement!
In local news, Dare County will be completing their 90 day appeal period for the new flood maps on November 13. This will impact a large number of homeowners in the upcoming months, but we believe it will be in a positive way. If you would like more information about these changes please visit the http://fris.nc.gov/fris/ webpage.
In real estate news, we noticed a drop in activity the last few weeks of October. Overall showing requests were significantly down from the number of showing in September and early October. Something we’ve noticed occurring is properties going under contract then coming back on the market. We believe the lower amount of inventory is causing buyers to feel pressured into quickly making offers. Because buyers can back out of the contract without any recourse during due diligence, potential buyers can tie up properties for several weeks or even months then back out of the contract without any recourse. It’s a good incentive for buyers, but detrimental for sellers. We hope our local MLS finds a fair balance with this soon.
We hope everyone is enjoying their Indian summer and having a great fall! Although the kids are back at school, we are still seeing above average numbers of tourist along the Outer Banks. The tourism board has done a great job with supporting the local industry by adding exciting events during the shoulder seasons to help bring in more business. The Duck Jazz Festival, the Outer Banks Bluegrass festival, and the Parade of Homes, to name a few, have brought in considerable amounts of traffic for our shops, restaurants, and especially real estate companies.
Just a friendly reminder to anyone planning on traveling to the OBX this off season, the eastbound Wright Memorial Bridge will be closed until May 2018. Keep a look out for detours and delays.
On the real estate front, the market level has increased significantly. We have personally witnessed numerous properties come on the market and generate multiple offer situations. This evidence suggests the inventory is still on the low side, and the demand is steadily increasing, prompting buyers to be more aggressive with their offers. The threat of rising interest rates in the late fall or early winter could also be a factor with potential buyers wanting to buy immediately. Another trend we have noticed in recent months is the level of interest for vacant lots. Many builders on the beach have mentioned a boost in the number of clients contacting them for new construction quotes and availability. Overall, the real estate market on the Outer Banks is demonstrating a substantial increase in activity.
As always, please don’t hesitate to call or email with any questions, or if you need anything. We’ve included the September OBAR statistics report for your review, but if you would like a 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 feel free to stop by our office in Duck to say hello if you’re in the area. We hope everyone has a great fall!
Currently Off Market
Located only 2 lots from the ocean with great views, this beautiful property is in fantastic shape and has all you need for the perfect rental home!
7 bedrooms, 6 1/2 bathrooms, private pool, hot tub, volleyball, game room, fireplace and so much more.
Click the photo below to view the amazing virtual tour…
907 Whalehead Drive, Corolla NC
MLS# 98013
We hope everyone had a great Labor Day weekend! The weather has finally cooled off here in the Outer Banks, and the summer crowds have thinned out a bit. There are still quite a few people visiting the beaches and taking advantage of the near perfect fall weather. We did see some rainstorms right before the holiday weekend, but they were short-lived. Other parts of the country have not been so lucky. Our thoughts go out to anyone who has been affected by Hurricanes Harvey and Irma. Unfortunately, there is another named storm in the Atlantic that we are keeping our eye on. It is still too soon to tell if it will head this way.
On a more positive note, we are excited that the activity levels in real estate has picked up a good amount in the past few weeks. There have been more inquiries about properties, and many people making trips down to look at what is available on the market. This indicates a strong fall for OBX sales. In addition to the inquiries, we have also witnessed quite a few properties come on the market and go under contract quicker than normal, which is great news for all sellers. And for potential buyers, the good news is that the inventory has increased since the end of the rental season, giving more opportunities to find the perfect property. Overall, the market has come back to life after the summer season, and we are happy to help anyone who has any real estate needs.
As always, please don’t hesitate to call or email with any questions, or if you need anything. 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 feel free to stop by our office in Duck to say hello if you’re in the area. We hope everyone has a great fall!
Currently Off Market
Beautiful 6 bedroom, 6 1/2 bath home located in the heart of Duck Village with private pool, hot tub, fireplace, lots of decks, and so much more!
Walk to the beach, shops, and restaurants in minutes and enjoy all the amenities this great home has to offer.
Click the photo below to view the amazing virtual tour…
118 Duck Landing Lane, Duck NC
MLS# 97671
SOLD!
Custom-built home, with every attention to detail.
This one is TURNKEY and ready for the discerning buyer to move right in! Check out the amazing virtual tour here (click image below).
MLS 97646
