Huge Lot with Plenty of Privacy in Corolla!

526 Sandbucket Arch 

Corolla, NC

MLS#85193    $695,000

What a home!!! So many updates and upgrades have been done to this great Section C home. Within the last 3 years there was a new kitchen with granite countertops, all new tile flooring on the top level, new carpet in 4 bedrooms, new wood floors in hallway and steps, updated bathrooms with tile shower, pool, and furniture. New for 2014 is the roof, elevator, front deck with Trex material. Move in ready and CLEAN! It’s a great rental home or second home. HUGE lot with excellent privacy it feels like it’s the only home around. Enjoy the ocean views and extremely short walk to direct beach access. The top floor features a HUGE and open living/dining/kitchen area with more than enough room to spread out. In the off season you can relax by the wood burning fireplace.

Ilona Matteson's 2015 Outer Banks Real Estate Market

Happy New Year!

I’m Ilona Matteson with Beach Realty on the Outer Banks. I’m very excited about 2015.  This will be my 19^th year in the real estate business and boy have things changed since I started back in 1996.

A few predictions for the Outer Banks market this year are:

1. All financial experts are saying that we will see interest rates go up this year. They’ve said it before and even though rates are still in the 4% range, that is up from the best rates we had at 2 and 3%.
2. Condition will continue to be the number one factor for buyers. I’ve seen buyers time and again bypass location to get a home in better condition at a lower price.
3. Prices will continue to stay where they are because of extraordinarily high inventory rates. Right now we have a 20 month supply of homes for sale on the Outer Banks.  The basic principle of supply and demand dictates that prices cannot rise in conditions like this and, they could still see some slight decreases.
4. Most homes will take on average over 200 days on the market to sell. That’s mainly because they will go through 2 to 3 price adjustments before selling.  If you’re going to put your home on the market in 2015, you have to be competitively priced if you want to sell quickly.
5. I predict that we will see more properties sell this year. I think buyers will act before interest rates go up again.

If you have any plans to buy or sell on the Outer Banks this year, or know anyone who is, please let me know how I can help you. My goal is to assist 40 buyers and sellers this year, and I hope you’ll be one of them!

Thanks for watching and have a blessed day!

Best Buys for January, 2015