OBX Real Estate

After 2 consecutive years of record-setting tourism numbers many wonder, what 2014 holds in store for the Outer Banks? After an unseasonably cold Winter and a later than average Easter weekend, tourism seemed to be off to a slow start. 

If recent traffic and crowds are any indications, Summer is officially here. As the mercury has recently climbed so has the number of folks along the OBX. In the last week, there has been a noticeable increase in folks driving, shopping, and along the beach.

The early word from a number of Outer Banks property managers is that 2014 is going to be a strong season. Over the next 10 weeks or so we should see occupancy reaching 100% for many vacation homes and hotels. Depending on how this year's hurricane season turns out, the Outer Banks could be looking at a 3rd consecutive year of record-setting numbers.

For those interested in investing in a beach house on the Outer Banks, this could be the news they need to hear. Many properties are once again returning impressive rental numbers. We are now able to find homes with gross rental rates or "cap rates" over 10%. In a time when many investments struggle to keep up with inflation, investing in an Outer Banks investment property is once again becoming more attractive. 

For more information on top-income producing properties, you can give us a call.