Outer Banks Market Stats

Nov. 27, 2013

How Rising Interest Rates Affect Your Purchasing Power

Just one year ago, interest rates, which had been at historic lows, began to rise, and only recently leveled out and even dropped a bit.  While the Wall Street Journal claims that higher interest rates are causing only minor slowdowns in market demand, even small interest rate increases will ...

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Nov. 11, 2013

Outer Banks real estate statistics through September

Real Estate sales in the Outer Banks* remained fairly static in 2013 compared to 2012 for the period of January - September.  This was a bit of a surprise given that interest rates remained at historic lows.

The average price for a residential property through September 2013 was $358,913 ...

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May 18, 2012

April 2012 Outer Banks Real Estate Report

This market report covers the areas from Corolla to Hatteras Island and is for the period January 2012 - April 2012.

 

Real estate transactions slowed a bit in April, compared to the prior month but still above the pace of the prior year.  Through April 30th, 405 properties were ...

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April 9, 2012

March 2012 Outer Banks Real Estate Report

This market report covers the areas from Corolla to Hatteras Island and is for the period January 2012 - March 2012.

 

Like the national market, the outer banks real estate market continues to improve.  Through March 31st, 380 properties were sold, including 10 commerical properties and 79 lots/land.  This ...

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March 12, 2012

March 10, 2012 Outer Banks Real Estate Report

Market growth continues to be slow and steady, but the good news is that there is growth, and year over year sold properties is up nearly 12%!  There were plenty of new listings the last two weeks, which we believe shows consumer confidence that there property might actually sell ...

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Feb. 27, 2012

February 27, 2012 OBX Real Estate Report

Last week had a strong showing in properties that went under contract--the highest week so far YTD at 35.  Of the 35 properties, 26 were residential, 8 were lots/land and one was a commercial listing.  Sixteen properties sold, with the majority being residential, at 14.  There ...

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Feb. 21, 2012

February 21, 2012 OBX Real Estate Market Report

Everyone is looking for a sign that the real estate market is beginning to pick up.  We posted a blog late last week talking about Housing Starts and the Housing Market Index---both of which show the market is beginning to improve.  But sometimes you need cold, hard facts ...

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Feb. 13, 2012

OBX Real Estate Stats, Week ending February 11, 2012

New listings were down from the previous week, with residential listings dropping to 37 from 56 the previous week.  New lots increased to 10 compared to previous week and there were 3 new commercial listings.

There were 19 residential properties that went under contract, compared with 25 from the ...

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Feb. 7, 2012

OBX Real Estate State, Week Ending February 4, 2012

New listings jumped last week, with 56 residential listings compared to 36 the previous week.  Additionally, there were 8 new lot listings and one commercial listing.

There was also a nice jump in properties under contract, with 25 residential properties compared to 16 the previous week.  There were ...

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Jan. 31, 2012

OBX Real Estate Stats, Week Ending January 28, 2012

The week ending January 28th was pretty consistent with other weeks this month, with 158 changes in the market.  This included 53 new listings, 21 properties under contract, 25 properties sold, 45 price changes, and 14 expired listings.  For residential properties, there were 36 new listings, 16 under ...

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