Outer Banks

Despite the significant interest rate increase in 2022 (+4.25%), Outer Banks still remained a SELLERS market. Even with fewer residential properties sold (28% fewer homes and 16% fewer condos), the demand remained strong and drove the sales price up to 16% higher over the previous year. It took only about a month for a single-family home, condo, or townhouse to go under contract last year! Meanwhile,...

In 2021 Outer Banks remained a STRONG SELLERS MARKET. Properties were literally flying off the shelves, particularly single family homes and condos, which were going under contract in less than 6 weeks (and some in just a few days, or even hours). Remember, we were talking about the inventory being very low about a year ago (1159 active listings as of January 5th, 2021)? Obviously now, that number was...

Despite/due to the pandemic, the Outer Banks real estate market broke many records both in sales volume and units sold last year. With a slow and frustrating beginning of the year, its second half turned out to be epic for the Outer Banks real estate. OBX officially became a SELLER'S MARKET with abnormally high demand and shrinking inventory. Overall sales volume in Dare and Currituck Counties have seen...

Dare County and Currituck County Let’s take a look at the Outer Banks real estate market in 2019. Last year was a busy one for buyers and sellers of single-family homes on Outer Banks. Both units and sales volume have increased in 2019 (+8% and +7% respectively). It took an average of 120 days to sell a single-family home on the Outer Banks last year. However, the average sales price remained almost...

Buying a home is one of the most important decisions you’ll ever make in your life. Having a competent real estate agent by your side is the only way to ensure you are getting the best deal possible. But before you start your search, it is important to clearly understand the process of buying a home in North Carolina. The North Carolina approach of the home buying process is one of the most...