For the Month of September 70 Properties Sold between Corolla, Duck, Kill Devil Hills, Kitty Hawk, Nags Head, and Southern Shores.
Co-Ownership: 1        Condominiums: 5        Single Family Homes: 62        Townhomes: 2

The most expensive property sold in Duck for $2,650,000 at a price per square foot of $367.

Average Days on Market: 280 Lowest: 45 Highest 908

7 Bank Owned properties sold in the month.

The Average Sold Price of Properties came in at $460,592.

12 Properties Sold in 90 Days or Less.

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If your on the Outer Banks and specifically in Duck on October 9th, come out and check out the Duck Jazz Festival.  For more information on the festival, www.duckjazz.com.

 

Here is a video from the Soul Rebels Brass Band to get you grooving...

 

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outer_banks_soundfront_homeAn interesting conversation I had today, Why are the fall months of September and October, the best time to buy a home on the Outer Banks? 

Outer Banks Realtor & Corolla real estate specialist Daniel O'Brien explained, "Outer Banks home prices tend to bottom during the fall buying season as OBX home owners are looking to carry all their home's expenses for the entire winter and sometimes into the early part of spring.  That is until the rental income starts to come in.  In the fall, Outer Banks home owners, are more flexible on price.  Buying in the Fall, it also gives the new home owner ample opportunity to make any changes to get ready for the upcoming Outer Banks rental season."

As our Corolla homes expert explained, "We are coming upon the…

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Here are some of the highest rental income grossing homes along the Outer Banks.  Many Outer Banks rental homes can make excellent investments. 

 

Outer Banks Top Investment Homes

14 bedroom Kill Devil Hills Oceanfront - Over $275,000 in rental income

10 bedroom Kill Devil Hills Oceanfront - 10% cap rate at listing price

8 bedroom Corolla Oceanfront - Price just reduced! 

5 bedroom Duck Victorian - Commercial kitchen - Great opportunity

11 bedroom Corolla oceanside - Over $115,000 in rental income

 

For more information on any of these homes call 866 777 3948

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Here is a breakdown of the available Outer Banks foreclosures by town.  If you are interested in more information on buying a foreclosure on the Outer Banks give us a call at 866 777 3948.  

Number of Outer Banks foreclosures by town

  • Avon - 2
  • Buxton - 2
  • Corolla - 4
  • Hatteras - 1
  • Kill Devil Hills - 3
  • Kitty Hawk - 5
  • Manteo - 4
  • Nags Head - 4
  • Rodanthe - 8 
  • Salvo - 1
  • Southern Shores - 1
  • Waves - 1

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