Update to My 2012 Predictions

It’s already time to update you all on some of my 2012 Outer Banks Predictions! In just a month’s time we’ve already seen a few interesting things happen. In case you missed the original email with all 10 of them, here’s a link.

Prediction – 2012 will see an increase in the number of sales over last year by 15%.

Update - According to the numbers just released by our local association, residential sales for January were up 13% over last January. There’s no doubt this will be a great year to buy a home!

Prediction - Home values will drop another 5% to 7%.

Update - Sadly I have to report there is already a 2% drop in median value of residential home prices just for January. With the Spring market coming up, the drop should stymie for a few months. It’s definitely clear selling sooner is going to be better than later!

Prediction - Your Dare or Currituck County Tax Assessment will be re-adjusted in the next 12 months and you’ll probably see a 25% to 30% drop in the Tax Assessment.

Update - Dare and Currituck County will NOT have new assessments until 2013. The appraisal department informed us that the assessments will not be complete until next January and at that time the County will mail the notifications to homeowners. The websites will not be updated until after the notification.

I’ll keep you updated with any other major news! As always, let me know how I can help with your Outer Banks Real Estate needs!