Outer Banks, NC Real Estate Resource
Activity has definitely improved in the 2nd quarter over the poor performance of the 1st quarter.
Here are the main highlights:
If you’d like more information on buying or selling, simply click through to send your inquiry.
Actual ocean views, nice deck space, screened porch, sunny and bright interior, top floor bedroom, easy flow floor plan, awesome community amenities, hot tub, bright open kitchen, ground floor entrance, cul de sac location, laminate wood floors and a fantastic price round out the benefits of the “Sunflower” beach cottage. MLS# 77980
738 Cormorant Court, Corolla$375,000 MLS# 82055
Absolutely charming home tucked into the corner of a quiet cul de sac. Enjoy the surprisingly short walk to the beach through the convenient walkway. You’ll love the hot tub as well as the 11×23 private pool. This cottage is perfect for your family and friends. The pool deck provides ample space for sunning or entertaining. The kitchen is open and bright.
The deck space on two levels of the home is perfect for shade, sun or
just to enjoy a glass of wine after a day of relaxing at the beach.
This home is so bright and beautifully decorated. You’ll enjoy the short walk to the beach, unobstructed ocean views, ample deck space on both levels, three separate living rooms/dens, wide open kitchen, fireplace, 5 spacious bedrooms and great memories for your family to make.
This home has an amazing location right on the corner of the walkway straight to the beach. The home sits back off the road with a volleyball court in front and private pool and hot tub in back. There are three entry ways – a covered door,one from the north side and also from the back of the home. Three of the four bedrooms on the lower level have access to a deck facing east. The top floor master has a private deck as well. Enjoy top floor deck space on the east and west side of the home. Newer carpet and furniture as well as meticulous maintenance by the owner make this a must see.
This home has an amazing location right on the corner of the walkway straight to the beach. The home sits back off the road with a volleyball court in front and private pool and hot tub in back. There are three entry ways – a covered door,one from the north side and also from the back of the home. Three of the four bedrooms on the lower level have access to a deck facing east. The top floor master has a private deck as well. Enjoy top floor deck space on the east and west side of the home. Newer carpet and furniture as well as meticulous maintenance by the owner make this a must see.
Overall, April was strong with monthly unit sales up 24% over March sales. However, overall unit sales are still down by 12% for 2014. To break it down even further, Residential unit sales are down by 7% and land sales are down by 30%.
Some good news is the number of listings placed in an Under Contract status continues to climb in 2014 yet are not at the levels we experienced in 2013 – down 26% from 2012.
Distressed unit property sales continue to crawl upwards for 2014 but they are down by 44% from 2013. Additionally, the average sales price for a potential short sale is down 13% but for bank owned properties the average sale price is up 25%. Distressed property sales have been on a steady decline. Still, distressed sales only make up 6% of all sales.
Foreclosures – For many months it has been reported that the number of Dare County foreclosures has been declining. In April, the number of foreclosures took a dramatic turn – up by 133% over March. It will be important to continue to monitor the foreclosure filings to determine if this is a trend.
In summary, the activity has increased, but is still slower than last year. Prices remain steady in most markets, reporting a slight increase for year to date so far. Does that mean prices are going up? Sadly, no…it’s nearly impossible with the amount of inventory on the market right now. It does mean, however, we are selling MORE high end homes which is fantastic news all around! It also means the majority of homes for sale under the $300,000 mark is greatly diminishing. That’s great news for those looking at signs of recovery.
