In the first five months of 2009, January 1 - May 31, we saw 7 homes close on the Outer Banks MLS.  The average sale price in the Whalehead Club was $803,714.  Homes that sold in the Whalehead Club were on the market for an average of 315 days.  The sold homes ranged in price from #375,000 for a 4 bedroom 4 and a half bath home to $1,300,000 for a 9 bedroom 8 full and 2 partial bath oceanfront home.

Currently you will find 87 available homes in the Whalehead Club.  If you would like to compare homes in different communities try the Corolla homes for sale page.  Below is a sold information table.  It includes address, listing price, sold price, % of sold price to listing price and days on the market.  For additional information you can contact me. 

1652 Views, 0 Comments

For the month of May, the Outer Banks MLS saw 7 homes sold.  Six were single family homes and 1 was a co-ownership.  Prices in Duck ranged from $72,500 to $1,500,000.  Two homes in Duck sold for in the million plus range. 

As far as active homes in Duck, we are currently down to 182.  The active listings in Duck are broken down into 9 co-ownerships, 18 condos, 2 townhomes, and 153 single-family homes.  The price of homes in Duck is currently ranging between $349,900 for a 3 bedroom 2 bath home in Sanderling to $7,995,000 for a 10 bedroom oceanfront home in Palmers Island.

If you love life in Duck, then today's market is a great time to be a buyer. 

1280 Views, 0 Comments

The state of the real estate market in Nags Head is definitely improving.  13 homes sold in the month of May in Nags Head.  The sold homes ranged in price from $72,000 to $1,355,000.  We definitely are starting to see some of the bigger priced homes starting to move.  A sign of an improving market in Nags Head is the fact their are only 8 potential short sales, 56994, 58112, 60006, 59540, 52200, 60021, 61253, 60564, currently active on the Outer Banks MLS.  Another encouraging sign is the fact that we are down to only 4 bank owned homes in Nags Head, 60329, 60741, 60688, 61464. 

 

Nags Head Sold Stats May 2009

     Total Number of Homes Sold Avg. Sale Price Median Sold Price Average DOM

Nags Head Oceanside

 

4

$2,217,000

1423 Views, 0 Comments

corolla_short_sale_400Below are the available short sales in Corolla, North Carolina.  Short sales offer excellent opportunities to buy a home in the Outer Banks.  Corolla is traditionally one of the most sought after resort towns of the OBX to own a home.  As you will see below many of the available short sales offer rental income, which will offset the costs of home ownership. 

If you don't find any short sales that interest you, try and join the Outer Banks Bank Owned home list  

Corolla Short Sales

 

MLS # Price Beds Inc. Range Subdivision
57724 $275,000.00 3 The Currituck Club
54198 $389,000.00 4 15-20 The Currituck Club
59660 $455,000.00 5 15-20 Ocean Sands
60708 $479,000.00 6 15-20 Crown Point
61589 $479,999.00 5 15-20 Ocean Sands

5771 Views, 0 Comments

kill_devil_hills_short_salesHere are the current available short sales in Kill Devil Hills.  There are a wide variety of prices, from $98,900 to $655,000.  Short sales can be an excellent way to invest in a Kill Devil Hills home.  Short sales are going to require lender approval for any deal. 

Kill Devil Hills Short Sales

MLS # Price Beds
58519 $98,900.00 3
60243 $155,000.00 2
61017 $169,000.00 3
59313 $175,000.00 2
60894 $177,000.00 2
59791 $179,900.00 3
57450 $195,000.00 2
59583 $205,900.00 3
59309 $230,000.00 3
56506 $235,000.00 3
55959 $289,000.00 3
60811 $299,000.00 3
60261 $299,000.00 3
59477 $299,000.00 2
59083 $299,000.00 3
57640 $299,000.00 4
60042 $319,900.00 3
57704 $320,000.00 3
57629 $325,000.00 5
61458

1515 Views, 0 Comments

Wondering what is happening with homes in Kill Devil Hills?  I have your local market information.  Kill Devil Hills westside was the area of KDH with the most sold homes, 49 and shortest days on the market, 146.  We saw a total of 64 homes sold so far in Kill Devil Hills. 

Prices of sold Kill Devil Hills homes range from $80,000 to $705,000.  The average sale price through the first 5 months of 2009 for Kill Devil Hills is $234,846.  Good news for those looking to sell a home or condo in Kill Devil Hills, the average days on the market is down to 175 even less for those on the westside. 

Search Kill Devil Hills Homes for Sale

Kill Devil Hills Market Report

Kill Devil Hills Oceanside 2 $777,500 $388,750 $388,750 259
Kill Devil Hills b/w…

1374 Views, 0 Comments

outer_banks_home_depotIf you own a home in the Outer Banks, chances are you are going to have to make repairs.  If your like many Outer Banks home owners you will enjoy improving and maintaining your property.  The closer you live to the water, seemingly the more repairs you have.  If you are making repairs, you have a few choices where to get your supplies.  All the choices in the Outer Banks are good, just depends what you are looking for. 

There is a Home Depot, six Ace Hardwares, and 3 branches of a local store, Kelloggs.  All 3 stores offer your basic home repair needs.  Home Depot has the largest store of the three but only 1 location.  Ace offers smaller stores but has a 5 location on the beach including Corolla, Kitty Hawk, and Nags Head, Manteo, and Avon.  Kelloggs…

2181 Views, 0 Comments

Below are the numbers for Outer Banks bank owned homes total sales through May 31, 2009.  There were 75 total homes sold.  Those homes had a combined value of $23,264,821 and 24% of all bank owned purchases were cash deals.  The average days on market was 140 days.  Recently, the market has seen the good opportunities, are being picked right up..  Corolla bank owned homes were seemingly snatched right up, with an average of 48 and 64 days on the market. 

For bank owned homes pre-qualification is a necessity.  For additional information and to find out what homes are currently available, join the Outer Banks bank owned home list

 Outer Banks REO - Bank Owned Homes Sold Data

RESIDENTIAL
    Other 1 $185,500 $185,500 $185,500 217

1506 Views, 0 Comments

     Often analyzing a market can help you find the best areas for opportunity.  May was a strong month for the Outer Banks real estate market, 95 residential properties were sold for a total of $36,059,099.  There was a wide disparity on how long those properties were on the market.  The shortest time a home was on the market was 21 days to a long of 1115 days with an average length of 197 days.  (For those looking to sell, it is on average a little longer than 6 month process from listing to sale)  The list to sale price has been trending close and closer and this month the average difference was only $35,978.

Some Interesting Points in the OBX MLS Statistics

  • 15.78% of all buyers paid cash                                       
  • Colington Harbour…

1454 Views, 0 Comments

Below is the current list of available bank owned homes in the Outer Banks.  Bank owned homes often are excellent investment opportunities.

 

Outer Banks Bank Owned Homes

MLS # Price City
60968 $615,000  Avon
60353 $321,200  Corolla
60976 $440,000  COROLLA
59195 $449,000  Corolla
59119 $629,900  Corolla
60416 $91,400  Currituck
61090 $411,900  Duck
58872 $599,000  Duck
61422 $360,000  Frisco
61367 $1,083,800  Hatteras
60192 $109,900  KDH
61398 $144,000…

2958 Views, 0 Comments