New Price!! Spend your Lazy Summer Days on Your Sun Deck in Corolla!

new price grebe point

Contact Me About Any of These Properties!

  • This field is for validation purposes and should be left unchanged.

Best Buys for June 2015

Contact Me About Any of These Properties!

  • This field is for validation purposes and should be left unchanged.

March Outer Banks Market Update


An interesting trend is popping up for the year so far.  We have sold more homes, granted marginally, but for less volume.  So, that means either we are selling fewer high end homes or prices are still going down.

My thoughts are, a little bit of both.  

Let’s look at the stats:

  • 2014 – 16 homes sold over $750,000
  • 2015 – 10 homes sold over $750,000
  • 2014 – 58 homes sold under $200,000
  • 2015 – 49 homes sold under $200,000

This tells us two things.  Fewer high end homes are selling and fewer homes are available for sale under $200,000.  The lower end price range is a no brainer.  They will always sell regardless of the economy and market.  It’s the beach, for less than $200,000!  The bright spot is that those homes are seeing a bump in value.  As things stabilize that price range will always be the first to jump.  Great sign of improvement there.

However, high end home sales do indicate trends.  To be fair, there was a $5,000,000 home sale in January of 2014 which is clearly skewing the numbers.  Even so, there were 6 fewer high end homes that sold so far this year.  And, there are more of them for sale than in 2014.  So, that indicates a slow down in that market.  I’m not quite sure of the cause, would love to hear your thoughts on this.

That covers the first challenge.  The second challenge is that home prices above $300,000 are still dropping, even if just slightly.  Consider these stats:

From Nags Head to Corolla:

  • In the last 30 days – 205 homes had a price reduction
  • In the last 30 days – 249 new homes came on the market
  • In the last 30 days – 127 homes sold

Those are some sobering stats.  My goal is never to be Debbie Downer, yet always look at true reality.  Most homes are STILL having to adjust their price at least once in order to sell and there are still two times the number of homes coming on the market each month as are selling.  It doesn’t take an economics major to tell you that is still a recipe for lower prices.

Same moral of the story as every month…if you want to sell, there is no financial gain to waiting it out short term.  If you want to buy in the under $300,000 range, you’re going to face some competition among other buyers looking for the best deals.  Let me know how I can help!

New Listing! 3104 Columbia Avenue Kill Devil Hills, NC 27948

13New Listing!!
3104 Columbia Avenue
Kill Devil Hills, NC

MLS# 87201        $240,000

This charming beach box is located in a prime area in Kill Devil Hills. The garage was converted to a work area/laundry room/game area and additional bedroom with private bathroom. Take the interior stairs up to an open great room with kitchen and dining area. Two additional bedrooms are on the south side of the top floor with a hall bath. A large master bedroom and bath with walk in closet are on the north side. The fenced in back yard makes this a great choice for buyers with dogs or small kids. Plenty of room to play. Maintenance free vinyl siding is a plus!

Contact me for more details!

 
  • This field is for validation purposes and should be left unchanged.

Fall in Love with this Cozy Beach House in the Heart of Duck!

OBARMLS86752New Listing!!
124 Marlin Drive,
Duck, NC

MLS #: 86752        $325,000

You will love this cute and cozy beach house right in the heart of Duck. This home sits right in the middle of Marlin Drive. Easy access to the beach or the foot/bike path into Town for shopping and restaurants. Enjoy three bedrooms and 2 full baths on the top floor. Along with an open concept kitchen, living and dining area. Relax on the screened porch for shade or sun on the huge, open back deck. The ground floor offers an outside shower, storage and another large bedroom and bathroom. The septic was updated in 2005 to accommodate the additional bedroom. This home has been well cared for and it shows.

Never rented, just used by family and friends.

This is the perfect house to call your own for an incredible price in Duck!

Contact me for more details!

 
  • This field is for validation purposes and should be left unchanged.

Great View and Privacy Provided with your Huge Corolla Lot!

526 Sandbucket Arch Front Exterior526 Sandbucket Arch
Corolla, NC

MLS#85193    $695,000

What a home!!! So many updates and upgrades have been done to this great Section C home. Within the last 3 years there was a new kitchen with granite countertops, all new tile flooring on the top level, new carpet in 4 bedrooms, new wood floors in hallway and steps, updated bathrooms with tile shower, pool, and furniture. New for 2014 is the roof, elevator, front deck with Trex material. Move in ready and CLEAN! It’s a great rental home or second home. HUGE lot with excellent privacy it feels like it’s the only home around. Enjoy the ocean views and extremely short walk to direct beach access. The top floor features a HUGE and open living/dining/kitchen area with more than enough room to spread out. In the off season you can relax by the wood burning fireplace.

Contact me for more details

  • This field is for validation purposes and should be left unchanged.

Would you like to sit by Your Fireplace Daydreaming about Summer in Corolla?

526 Sandbucket Arch Front Exterior526 Sandbucket Arch
Corolla, NC

MLS#85193    $695,000

What a home!!! So many updates and upgrades have been done to this great Section C home. Within the last 3 years there was a new kitchen with granite countertops, all new tile flooring on the top level, new carpet in 4 bedrooms, new wood floors in hallway and steps, updated bathrooms with tile shower, pool, and furniture. New for 2014 is the roof, elevator, front deck with Trex material. Move in ready and CLEAN! It’s a great rental home or second home. HUGE lot with excellent privacy it feels like it’s the only home around. Enjoy the ocean views and extremely short walk to direct beach access. The top floor features a HUGE and open living/dining/kitchen area with more than enough room to spread out. In the off season you can relax by the wood burning fireplace.

Contact me for more details

  • This field is for validation purposes and should be left unchanged.

Winter Blues? Think of the Summer Possibilities in Duck!

101 Snow Geese Dr S Duck, NC 27949101 Snow Geese Dr S
Duck, NC

MLS# 85192          $329,000

This home is the perfect getaway just North of “downtown” Duck. Enjoy a short bike ride or stroll into town for shopping or restaurants. Lovingly updated just a few years ago you’ll find laminate wood floors, newer carpet and furnishings throughout the home. Ground floor game room with separate entrance is a great place to hang out after a day at the beach. Enjoy the hot tub or rooftop deck at sunrise! The open concept kitchen/dining/living room is perfect for entertaining with floor to ceiling windows facing the Sound for plenty of natural light.

Keep it as a second home or generate some
rental income on this true cutie.

Contact me for more details

  • This field is for validation purposes and should be left unchanged.

Look Out from Your Rooftop Deck at the Breathtaking Sound Views in Corolla!

440 Brant Road,OBARMLS86504A
Corolla, NC

MLS #: 86504      $415,000

This home is everything you’re looking for in a private getaway! Bulkheaded, tile floors on top level, lots of windows, great furniture package and more! Enjoy a covered entry leading up to the mid level with 3 very nice bedrooms and bathrooms, tile foyer entry way and two bedrooms with deck access. The top floor features a nice open kitchen, living room, dining area and full master bedroom/bath. Step out on the deck to enjoy the serenity and quiet ambience of 4 wheel drive living. Take it up to the rooftop deck for the most breathtaking sound views! You won’t be disappointed.

Contact me for more details!

 
  • This field is for validation purposes and should be left unchanged.

New Listing!! 124 Marlin Drive, Duck, NC 27949

OBARMLS86752New Listing!!
124 Marlin Drive,
Duck, NC

MLS #: 86752        $325,000

You will love this cute and cozy beach house right in the heart of Duck. This home sits right in the middle of Marlin Drive. Easy access to the beach or the foot/bike path into Town for shopping and restaurants. Enjoy three bedrooms and 2 full baths on the top floor. Along with an open concept kitchen, living and dining area. Relax on the screened porch for shade or sun on the huge, open back deck. The ground floor offers an outside shower, storage and another large bedroom and bathroom. The septic was updated in 2005 to accommodate the additional bedroom. This home has been well cared for and it shows.

Never rented, just used by family and friends.

This is the perfect house to call your own for an incredible price in Duck!

Contact me for more details!

 
  • This field is for validation purposes and should be left unchanged.