Outer Banks Sold Homes Report for September 2009

September on the Outer Banks saw 95 residential homes sold.  This was down 3 from the month of August.  When compared to the month of August we saw less homes sold, but more pieces of land.  The month of September ended up having 2 more sales that August due to the number of closings on vacant land. 

While under 100 homes sold in September it does seem as if there are a number of people interested inpurchasing homes in the Outer Banks.  Hopefully a strong October is to follow to keep the progress of the last 5 months going.  It does seem as if home prices are starting to stabilize along the OBX.   

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Free Outer Banks Home

Just spoke with a fellow agent who has a client that is looking to to give away a Outer Banks home. The home does have to be moved off the property, but if you move it...its yours. For more information email Dawn - Dawn@seasiderealty.com

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17th Annual Outer Banks Parade of Homes

The 17th Annual - Outer Banks Parade of Homes, is about to kickoff on October 8th.  The 2009 parade includes 29 homes.  This yearly showcase is a great introduction to many of the great builders, who call the Outer Banks home.  The competition is always stiff, and all the winners definitely deserve it.  It is great to see what friendly competition can accomplish.  Check out the 2009 entries in the Outer Banks Parade of Homes or print out a map of the homes.

17th Annual Outer Banks Parade

Opening on Thursday, October 8, with 29 homes spanning Corolla on the Currituck Banks to the laid back atmosphere of the towns on Hatteras Island, the Outer Banks Home Builders Association’s 17th Annual Parade of Homes promises a fresh perspective on newly…

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2504 S Compass Lane - Nags Head Home for Sale

This is an excellent opportunity to buy a Nags Head home in a great year round community, Nags Head Acres.  The owners have made numerous upgrades to the home.  This is a great chance to buy a 4 bedroom Nags Head home for $381,000.

For the investors, the home already has a long term tenant in place.  It is an instant investment.  For more information on the home - Dawn Stultz - 252 489 8687.

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The OBX Team's Current Listings - October 3

Below are our current listings on the Outer Banks.   Any question on a particular home, just let us know.

• 61484 - $99,000 
• 60687 - $99.000 
• 62968 - $236,000
• 62742 - $275,000
• 63402 - $295,000
• 60785 - $302,000
• 60104 - $349,000
• 63151 - $381,000
• 60790 - $393,000
• 62590 - $495,000
• 61282 - $548,000
• 58994 - $599,000
• 62359 - $639,000
• 58187 - $729,000

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Wind Power Meeting on the Outer Banks

Just saw this on wbtv.com. 

BUXTON, N.C. (AP) - The leader of the North Carolina Senate says he won't fight wind farms proposed offshore from an area he represents.

WRAL-TV reported that Sen. Marc Basnight said a public meeting in Buxton Friday that he's aware of concerns that wind turbines could disrupt scenic coastal views and tourism. But Basnight says alternative energy sources must be considered to thwart global warming.

His comments came at a meeting where researchers from the University of North Carolina at Chapel Hill described a new study that found 2,800 square miles of coastal water could generate industrial-scale wind energy.

The researchers say offshore wind farms could supply 130% of all the power used by North Carolina in…

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Corolla Sold Homes Report 9-25-09

Below you will find the 67 sold homes on the Outer Banks from January 1, 2009 to August 31, 2009 in Corolla.  The lowest price sold home was $285,000 and the most expensive was $2,880,000.  The average home in Corolla sold for $653,472.   

The average sold home in Corolla spent 249 days on the market.  A positive sign is the median days on the market was 176.  That number is most likely a more true representation of how long it is taking to sell a home in Corolla. 

We are seeing the Corolla real estate market slowly strengthening.  For those looking to buy a home in Corolla, there are still excellent opportunities.   

Sold Homes in Corolla, NC - January to August 2009

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Kill Devil Hills Home for Sale - 103 Sandy Ridge Trail

     This is an great Kill Devil Hills home being offered for $236,000. Brick ranch with lots of curb appeal in a year round subdivision. This single level home has 3 bedrooms and 2 baths on a 12500 S. F. landscaped lot. Attached garage, large porch on the front and private deck on the back of the home all contribute to the convenience and enjoyment of one level living. On those cool fall and winter nights enjoy a fire in the wood stove. The seller's are offering a $3,500 carpet allowance to the buyer which will make the home move in ready! Don't wait make this Kill Devil Hills home yours. 

Call 252 255 6484 for more information or email dawn@seasiderealty.com

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Buying a Home on the Outer Banks

Buying a Home on the Outer Banks 

     When buying a home on the Outer Banks, there are several items to consider that will help you through this process.  You should determine your budget when looking for property.  We have several local lenders that will be happy to give you interest rates, percentage for down payments, monthly payments and discuss your options of having a second home versus a rental home loan. 

     Once you decide on your budget, you should decide how you want to use the home.  Will this be strictly a rental generating as much income as possible with you taking a few weeks out a year to enjoy and possibly the fall of the year?  Do you want this to be a second home that you can escape to whenever your schedule permits?  Some people…

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Outer Banks Bank Owned Homes Report - July 2009

One of the hottest areas of the Outer Banks real estate market has been distressed home sales.  Distressed sales include bank owned homes and potential short sales.  In the month of July we saw 101 residential properties close on the Outer Banks MLS.  29 of the 101 properties were distress sales for a staggering 29%.  Of those 29 sales, 20 homes were sold as bank owned.  This was up from 18 bank owned homes sold in June. 

It seems we will continue to see bank owned homes dominate the market until the inventory is cleared.  This makes for excellent opportunities for those looking to take advantage of today's real estate market.  Many bank owned homes are easily converted into income producing vacation rental homes.   

Our team can point you towards the…

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