OBX Real Estate - January, 2010

Southern Shores 4th Quarter 2009 - Sold Homes

Southern Shores 4th Quarter 2009 - Sold Homes

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Outer Banks Mystery From the National Parks Traveler Blog

National Park Mystery Spot 7 Revealed: It’s Not on the Beach Anymore

 by Bob Janiskee

This national park mystery spot is ….

• Not hard to see

• Not wood or stone

• Not smaller than the rest

• Not red, white, and blue like the real barber pole

• Not like Nevil Shute’s ’57 masterpiece anymore

• Not as much fun after Columbus Day

Read the Rest of the Article

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Couple Coast Guard Videos of the Outer Banks and Oregon Inlet

Coast Guard attempts to free grounded trawler off N.C. after rescuing crew and dog

GET TO KNOW USCG STATION OREGON INLET 

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2010 Outer Banks Taste of the Beach

One of the fastest growing reasons to visit the Outer Banks during the winter, is the Outer Banks Taste of the Beach.  The annual showcase of local restaurant talent is being run from March 11th to 14th.

This is definitely a 4 day weekend to be in the OBX.  For more information on the OBX Taste of the Beach, visit their website.  Here is a list of events for the 4 days. 

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Intriguing Look into the Nags Head Bowling Alley

This is a really intriguing article on the family that owns the Nags Head Bowling Center.  

Kin of 'Silent Night' writer run Outer Banks bowling alley

By Mike Gruss
The Virginian-Pilot

Nags Head, N.C. - It's league night at Nags Head Bowling, and the Outer Banks hangout is ready for the holidays.

A Toys for Tots box greets visitors at the door. Animated snow floats through the overhead score projectors. And the chorus of rolling balls and crashing pins is accompanied by a stream of piped-in Christmas music.

When Richard Mohr is listening, one carol might make him cry.

"I can't put my fingers on it," he says from a back office. "It's like how 'The Star-Spangled Banner' is for some people."

Mohr is talking about "Silent Night," a…

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Nags Head Woods Pictures on a January Morning

Took advantage of this sunny January day to take a quick hike through Nags Head Woods.  Below are a couple pictures from my quick walk.

Though there is some ice it is quickly melting with the temperatures rising into the low 40's.  More like an average day in January along the Outer Banks instead of the Arctic chill we have been under for the better part of two weeks.

Nags Head Woods Pictures

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Duck 4th Quarter 2009 - Sold Homes

Though only 22 homes in Duck were sold during the 4th quarter, October 1, 2009 to December 31, 2009, the average sold home price was an outstanding $717,800.  A total of $15,791,600 was sold during the quarter. 

5 luxury homes, homes over $1,000,000, were sold during the quarter with 2 breaking the $2,000,000 barrier.  The breakdown of residential sales were: 2 condos, 2 co-ownerships, and 18 single family homes.  The only negative for those looking to sell their home in Duck is the average home took 268 days to be sold.  

Duck 4th Quarter Sold Homes

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2009 Outer Banks Market Statistics

Below is a compilation of Outer Banks market statistics from January 1 until December 31, 2009.  As you will see 2009 saw a higher number of sold homes than 2008, but they were for an lower average price.  For those looking to buy real estate in the Outer Banks, this is an encouraging sign.

Lower prices and higher volume can often signal a market that is getting stronger.  One of factors that drove the total dollar amount of real estate sold, was the number of foreclosures that were bought along the Outer Banks.  We saw 160 Outer Banks foreclosures sold in 2009 with an average sale price of $328,983.  The average sale price of an OBX foreclosure was almost $78,000 less that the average non bank owned home.  

Whether of not we are at the bottom of the…

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2009 Year End Outer Banks Commercial Real Estate Report

Like much of the US, commercial real estate had a slow year along the Outer Banks.  We saw only 19 commercial properties change hands.  For those looking, there are great opportunities in Outer Banks businesses for sale, one niche of the market that continues to have strong interest is, OBX restaurants for sale.  

2009 Year End Outer Banks Commercial Real Estate Report

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Kitty Hawk 4th Quarter 2009 - Sold Homes Report

Below are the sold home statistics for the 4th quarter, October 1 - December 31, 2009, for Kitty Hawk.  

Kitty Hawk 4th Quarter 2009 - Sold Homes

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