Outer Banks Foreclosure Information for November 2009
Posted by Red Sky Realty Group on Wednesday, December 16th, 2009 at 12:31pm.Distress sales are made up of foreclosures and short sales. For the month of November of the Outer Banks we saw, distress sales make up 27% of the total sales. 17 foreclosed homes were sold in the month of November, along with 10 short sales for a total of 27 transactions. This was down from distress homes being 34% of the total sales in the month of October.
In the market as a whole we saw, 100 residential homes in the Outer Banks sold. The sold homes data for November was an increase of 5 and 3 units from September and October of this year. Another strong sign is, we saw an additional 42 homes sold this November, when compared to November a year ago. Such a large increase bodes well for the strengthening of the Outer Banks real estate market as we head into the traditionally strong spring buying season.
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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Share2 Responses to "Outer Banks Foreclosure Information for November 2009"
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Outer Banks November Sales Statistics
by Gordon Jones
Below are some great statistics on the local Outer Banks real estate market for November provided by The OBX Team.
OBX[...]
Posted on Thursday, December 17th, 2009 at 3:04 PM.
[...]Below are some great statistics on the local Outer Banks real estate market for November provided by The OBX Team.
OBX housing[...]
Posted on Thursday, December 17th, 2009 at 11:58 AM.