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…

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     I understand selling your home can be a long and difficult process.  The good news is that it is possible to shorten a home’s time on the market.

 

There are many factors that contribute to the time a home is on the market.  Often, it is possible to narrow it down to two main contributing factors.  Those factors are price and exposure

 

Price can often only be adjusted so far, while it is possible to greatly increase a home’s exposure to potential buyers.

 

     Today’s market demands that homes are exposed to as many potential buyers as possible.  That’s why it is important to hire the right agent to properly market your home,…

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gravedigger    
Definitely one of the most famous landmarks on the way to the Outer Banks is the home of Gravedigger.  The famous monster truck is joined by The Diggers Dungeon.  Both provide an excellent reason to make a short stop on the way to the beach.     Gravedigger and The Diggers Dungeon are both owned by legendary local Dennis Anderson.  In addition to the legendary home of Gravedigger, Dennis has recently opened, Dennis Anderson's Muddy Motorsports Park.  This outstanding home to mudboggin and racin is just minutes from the beach.  For more information visit their website www.dennisandersonsmotorsportspark.com or www.gravedigger.com

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whalehead_club_400      This Saturday December 5th, 2009 come out and enjoy a Moonlight Ghost Tour of The Whalehead Club in Corolla.  The tour starts at 7 p.m.  The Whalehead Club is located in Currituck Heritage Park at Milepost 11 on Route 12 North.  Admission is $14 per person and $7 per person for those age 8 and under.  Reservations are required.  For reservations call 252 453 9040 ext. 2.     (It is recommended you dress appropiately for the weather and bring a flashlight as part of the tour is on the grounds of the club)

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