January 2010 Outer Banks Real Estate Market Report
Posted by Red Sky Realty Group on Wednesday, February 17th, 2010 at 8:42am.Despite well below normal temperatures for all of January, the Outer Banks real estate market was hot. We saw an increase of 102% for residential sales, 82 sales in 2010 to 40 sales in January 2009. Distress sales, bank owned homes and short sales made up 40% of all sales. If January is any indicator of the coming spring, we are looking at a much improving real estate market.
January Real Estate Highlights
- 22 homes sold in the $300,000 - $399,000 price range
- $100,000 increase in residential median sold price
- An 11 percent decline in total inventory of homes
- Residential Sales doubled January 2009 to January 2010
For those considering selling their home. Spring is traditionally a strong time of year for real estate in the Outer Banks. For more information on selling your home - Selling your home in the Outer Banks
We call this beautiful area here home and are fortunate to spend our lives here. All of us are happy to answer any questions you may have from the quality of life to what is life in the Outer Banks like?
Our specialty is real estate and specifically we focus on Outer Banks vacation and investment homes. We cover every town of the Outer Banks, and are here to help you at anytime. Start your search for an Outer Banks home today.
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