OBX Real Estate

Currently we are following 33 available foreclosures on the Outer Banks.  Prices range from $69,900 for a 1 bedroom home in Wanchese to a $1,975,000 oceanfront home in Nags Head.  In 2009 we have seen foreclosed homes go under contract in as few as 17 days. 

The median days on the market for sold Outer Banks foreclosures in 2009 has been 105 days.  This number has been falling as we are seeing foreclosures come on the market priced well below tax value.  If you are looking to invest in an Outer Banks home, now is an excellent time.  Foreclosures can make excellent long term investments.