Monday, June 30, 2014

June Outer Banks Market Update

Activity has definitely improved in the 2nd quarter over the poor performance of the 1st quarter.
Here are the main highlights: 
  • While it seems that the median sales price is rising, a closer look into the numbers reveals that instead there are simply fewer homes available in the under $300,000 range.  With more homes selling in the half million range, it’s pushing the average sale price up.  However, that’s NOT the same as prices are rising.
  • There is still over 20 months of inventory on the market for our local area.  A normal market is 4 to 6 months.  We have 3248 properties for sale.  Typically in a normal market we carry an inventory of about 1500.  With double the inventory we normally have, you can see appreciation for our market is just not feasible at this time.
  • Distressed sales have become such a small portion of our market, they are almost inconsequential.  The real strain on prices is over supply of inventory with unmotivated sellers.  Keep in mind, we CAN sell your home…you just have to be willing to accept the current market conditions.  If you’re not serious about actually selling, taking your property off the market is the most beneficial thing you can do for everyone.
  • Activity for May was way up from April, however year to date our number of sales is still down 5% for total units sold.  Again, we suspect we will make this up over the summer and have a busier than normal summer selling season.  There’s no financial gain to wait until the fall to list your home.
If you’d like more information on buying or selling, simply click through to send your inquiry.

Friday, June 27, 2014

Wonderful Building Site for your Vacation Home in Corolla!!

Google Map

930 Corolla Drive, Corolla

MLS#80064         $175,000

Ready to start building today!!

This wonderful building site in Whalehead is just 3 lots from the intersection providing a short beach walk. Shaded X flood zone. Decent elevation. Mostly wooded towards the back of the lot.
The perfect spot for your Vacation Home and priced to sell!

Tuesday, June 24, 2014

Build your New Home at this Excellent Location in Sea Scape!

google map

MLS# 82255    $99,000

4727 Vista Lane, Kitty Hawk, NC

Excellent location in Sea Scape!

Enjoy the privacy of the cul de sac as well as the beautiful trees creating quite the setting for your new home. Level lot that backs up to canal. The seller owns lot 30, and her son owns 1/2 of lot 29 which both convey for this amazing price!

Tuesday, June 17, 2014

New Listing! 197 Schooner Ridge Drive , Duck, NC 27949

197 Schooner Drive Duck NCThis home is in top condition and will make an excellent second home in a most desirable neighborhood!

$747,500     MLS# 84094

What a cream puff. Enter on the first floor to 2 large bedrooms, game room and full bathroom. The bunk room is a child's dream.

With three sets of bunks, plenty of floor play room and very fun decor they are sure to have a fantastic time. You can also enter the home from the second level into a media/tv sitting area. There are 3 bedrooms on the mid level with one full master and another hall bathroom. Each bedroom has deck access.

You can also exit the back of the home to a deck with staircase to the pool area. On the top level you'll find an open and very bright great room, kitchen, dining room and ship's watch. The expansive east facing decks offer wonderful sunrises and ocean views! Finishing out the top floor is a lovely master bedroom with full bath and jetted tub. The entire house has been newly painted, fresh carpet, all new furniture and decor, new flooring in the kitchen, new granite countertop island, new HVAC units in 2012, pool liner in 2013, bathroom floors 2011, new stove and microwave 2013, hot tub motor rebuilt 2014, new king mattresses in 2014.

Thursday, June 12, 2014

Ready for Summer fun at this "Sunflower" Beach Cottage in Corolla?

Ready for Summer Fun on the Outer Banks!

Great Price AND Available to Lease for Summer Fun!

Actual ocean views, nice deck space, screened porch, sunny and bright interior, top floor bedroom, easy flow floor plan, awesome community amenities, hot tub, bright open kitchen, ground floor entrance, cul de sac location, laminate wood floors and a fantastic price round out the benefits of the “Sunflower” beach cottage. MLS# 77980

Tuesday, June 10, 2014

Enjoy Summer Relaxing at this Charming Cottage in Corolla!

738 Cormorant Court, Corolla, NC  27927 738 Cormorant Court, Corolla

$375,000   MLS# 82055
Absolutely charming home tucked into the corner of a quiet cul de sac. Enjoy the surprisingly short walk to the beach through the convenient walkway. You’ll love the hot tub as well as the 11×23 private pool.  This cottage is perfect for your family and friends. The pool deck provides ample space for sunning or entertaining. The kitchen is open and bright.

The deck space on two levels of the home is perfect for shade, sun or just to enjoy a glass of wine after a day of relaxing at the beach.

Thursday, June 5, 2014

Who is Ready to Enjoy Lazy Summer Days in Corolla?

756 Mariner Drive, Corolla, NC 27949

756 Mariner Dr. Corolla, NC

$399,900

MLS# 82451

This home is so bright and beautifully decorated. You'll enjoy the short walk to the beach, unobstructed ocean views, ample deck space on both levels, three separate living rooms/dens, wide open kitchen, fireplace, 5 spacious bedrooms and great memories for your family to make.

Tuesday, June 3, 2014

New Price!! Amazing Location with Walkway to the Beach in Corolla!!

946 Whalehead Drive, Corolla, NC  27927This home has an amazing location right on the corner of the walkway straight to the beach. The home sits back off the road with a volleyball court in front and private pool and hot tub in back. There are three entry ways – a covered door,one from the north side and also from the back of the home. Three of the four bedrooms on the lower level have access to a deck facing east. The top floor master has a private deck as well. Enjoy top floor deck space on the east and west side of the home. Newer carpet and furniture as well as meticulous maintenance by the owner make this a must see.


MLS# 82489      Now $510,000!!!