November OBX Update

November 13, 2024 By Ilona

Ilona Matteson - Outer Banks

November Market Update

Still a bit of a holding pattern in what supply and demand would still deem a “Normal Market”.

Normal is an inventory level of 4 to 6 months. We are right on the cusp of moving to a “Slow Market” where the advantage shifts over to the buyers in the market.

January 2024 November 2024
Active Inventory All 870 1187
Active Inventory Homes 424 595
Under Contract 24% 19.50%
Absorption Rate 5.4 6.7
SF Absorption Rate 4.3 5.3
Price Reductions/Month 171 271

If you would like a more specific analysis for your real estate goals, give me a call!

Filed Under: Home Buyers' Tips & Advice, Home Sellers' Tips & Advice, OBX Real Estate News & Data, Outer Banks Good Living Tagged With: , , , , ,

Duck Jazz Festival

September 14, 2012 By Ilona

Everybody is so excited for the 6th Annual Duck Jazz Festival that will be held at Duck Town Park on October 7th! Beach Realty & Construction/Kitty Hawk Rentals is proud to be an alto sponsor for this event.   The gates open at 10:00 with the event scheduled to begin at 11:00.  The best part is this is a free, all-day community event.

Here is the lineup for the day:

11:00 a.m. – Emme St. James and Her Jazz Gentlemen

12:15 p.m. – The Fuzz Band

2:15 p.m. – Paula Atherton

4:15 p.m. – The Rippingtons featuring Russ Freeman

Food and beverages will be available for sale.  Make sure you save some time to explore the boardwalk with the fantastic view plus all the great stores and restaurants.  You don’t want to miss out on this family fun day!

Filed Under: OBX Real Estate News & Data, Outer Banks Good Living Tagged With: , ,

Get your Pirate on!

September 5, 2012 By Ilona

Pirates were one of the realities that merchants along the Outer Banks had to deal with throughout the late 1600’s and early 1700s.  Pirates attacked and raided Spanish and British ships carrying gold, silver and other riches. They used the outer Banks as an escape and to store their loot.  Blackbeard also known as Edward Teach lived in Ocracoke until November 22, 1718 when the British Royal Navy cornered him.  Blackbeard went down fighting instead of surrendering.

In the Outer Banks we have had several famous pirates such as Anne Bonny, Calico and Pamlico Jack, Mary Read, and Stede Bonnet. 

The Outer Banks Pirate Festival will kick-off on Thursday, September 13 and carry on with festivities on Outer Banks until ending on Saturday, September 15. Discover Pirate history and everything Pirate from a Scallywag School for Young Scoundrels, how to use pirate weapons, storytelling, and pictures and more with pirates, pirates everywhere! 

The event kicks on Thursday with a treasure hunt that begins at Kitty Hawk Kites and continues with a search through the stores of Jockey’s Ridge. 

Get ready to get your Pirate on… Argh, Mateys!

For more information go to:  Outer Banks Pirate Festival

Filed Under: OBX Real Estate News & Data, Outer Banks Good Living Tagged With: , , ,

Great Sporting Events in the Outer Banks

August 31, 2012 By Ilona
In the month of September, the Outer Banks has several great sporting events that are taking place. 

Grab a friend or a family member and head out to have a fun time!

The first weekend of September (Sept 1 – Sept 3) the Bud Light Lime Surf Series will be at Jeanette’s Pier.  This tour includes the top 32 men and 8 women from various surf genres.    Head to the beach and cheer on your favorite surfer.
September 12Th – 15Th is the Hatteras Wave Jam.  This is the American Windsurfing Tour and Hatteras should be an excellent stop.
Wave conditions in the area are likely to provide some of the best action found in the US. 
September 15Th is the All Out Pink Road Race, a 12K Bridge Run & 5K plus Garden Yoga and Pilate’s.   This event is presented by Outer Banks running Club and Outer Banks Bootcamps and hosted by the Elizabethan Gardens.  100% of the event proceeds will provide mammograms to locals that do not have access to health care.   This event has something for everyone and is a great way to spend the day with the family. 
  
ESA Eastern Surfing Championship is September 16th – 23rd at Jennette’s Pier.  This is the grand finale of surfing where the best from the national and international districts compete for who will be the overall champions for the year.  
September 22 and 23rd is the Outer Banks Triathlon an event not to be missed!  This is a whole weekend of family fun with Tri events that feature the half, Olympic and sprint distances in the beautiful Outer Banks.  If you can’t participate think about heading out to volunteer!  
The active month of September wraps up with the WRF Surfing Contest September 28– 30at Jennette’s Pier.  We know how beautiful the Outer Banks is in September.  Take some time to head outdoors with your family and support your community, join in the fun or even volunteer! 
Filed Under: OBX Real Estate News & Data, Outer Banks Good Living Tagged With: , ,