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Pssst! Wanna know a secret?

The Outer Banks is WONDERFUL in the fall!! The weather here is still warm!! Well, mostly ….. The crowds of the summer have gone home so traffic is better, shorter lines (if any) for fun activities like walking around our Lighthouses, ocean water sports (yeah, it’s a little chilly), or even watching the wild horses. The […]

Outer Banks May Real Estate Market

May sales were up 21% over April sales on the Outer Banks; however, for 2014, total sales are 5% down from this time last year. Commercial sales are up 210% over last year, but residential sales are down 7% and land sales are down by 30% over 2013. Distressed property sales are still down 44% from 2013, […]

This is a GREAT Time to Consider a Jumbo Loan on the Outer Banks!

According to a recent article in the Realtor Magazine, Jumbo Loans have remained stable. “The luxury housing market has been rebounding at a quicker pace than the lower-end market, and confidence is growing among high-income home buyers,” says Guy Cecala, publisher of Inside Mortgage Finance. “Higher-end borrowers have recovered faster and stronger than lower-income Americans […]

Outer Banks Real Estate Market for April 2014

April sales were up 24% over March sales on the Outer Banks; however, for 2014, total sales are 12% down from this time last year. Commercial sales are up 35% over last year, but residential sales are down 7% and land sales are down by 30% over 2013. Distressed property sales are still down 44% […]

Outer Banks March Housing Numbers

Inventory is up, but sales are down. We may have bottomed out on the Outer Banks, but it still may take some time to get our heads above water. Homes are selling but it does take a little time and a lot of professional know-how. That’s where I come in to help with the sale […]

Outer Banks Housing Market for February 2014

  Slowly, but surely, the housing numbers are looking better than they have for months. Distressed homes are a minor fraction of the Outer Banks Housing market and home sales are up 4% – Commercial sales up 100%!! Spring begins this week and is only 3 months before Summer starts, but you know Vacationing begins […]

Over-All numbers don’t show localized trends on the Outer Banks

The over-all home sales and home prices on the Outer Banks have continually declined over the last two years. HOWEVER, the key word here is “over-all” which includes all areas on the Outer Banks and averages it out. It doesn’t show what individual communities are showing in their home sales and home prices. Even though […]