Ready for Spring on the Outer Banks??

Can you believe it SNOWED on the Outer Banks??

And now it’s icy??? Everything shut down?????? Spring sure doesn’t seem too close, does it? But it will be here sooner than you think and now is the time to get ready for Spring Selling Season on the Outer Banks.

From the most recent Outer Banks Realtors(r) Market Stats, it’s looking like we’re started 2014 on a better note …. 

Residential Sales 

  • Residential property units sold in 2013 down from last year by 2% (34 units)
  • Total volume sold was down from last year by 7% ($40,169,100) – but still optimistic.
  • The Median Sale price of residential properties was down by 5% ($17,743). 

Distressed Residential Sales 

  • Distressed residential units sold in 2013 down by 21% (102 units)
  • Total volume sold was down by 21% ($15,703,919).
  • Distressed sales declined through November to the lowest number of distressed properties since 2009. HOWEVER, the month of December had a sharp increase to the number of Bank owned properties and homes that could be going into shortsale.

Median sales price for Potential Short Sale listings was up 10% from 2012 but the median sale price for bank owned properties was down 14%.

Land Sales 

  • Lots / land units sold in 2013 were up 14% (60 units)
  • Volume sold was down by12% ($6,914,383).
  • The majority of the lots sold were for the building of new homes.

Commercial Sales

  • Sales were the same this year as it was in 2012; however, the total volume sold was down by 31% ($4,751,100). 

Active Inventory

  • Active inventory has been increasing recently. Since the first of the year, there have been 252 new listings added to the Outer Banks housing market. As of today, there are over 1,700 active residential listings on the Outer Banks.

Spring selling season will soon be upon us – time to get your homes ready and listed. Buyers will want to take full advantage of this year’s rental season.

Contact me today to see how I can help you find your new home on the Outer Banks!!

Also, follow me on Facebook!!

** This above representation is based in whole or in part on data supplied by, and to the Subscribers of the Outer Banks Association of REALTORS® Multiple Listing Service. Information contained herein is deemed reliable but not guaranteed. Data maintained by the OBAR MLS is for its own use and may not reflect all real estate activity in the market.

For the complete market report – click HERE!