2015 Mid Year Outer Banks Market Report

We now have 6 months worth of data in and the results are pretty much what we expected for the real estate market performance.  Here are the bullet points:

  • Up in NUMBER of sales by 9%
  • Down in average sale PRICE by 8%
  • Numerous homes in each market are selling in less than 100 days
  • Of the homes selling quickly, it’s just a few % points of asking price
  • Distress inventory is less than 5%
  • Active inventory on the OBX remains over 3,000 listings
  • 10% of active inventory is under contract, which means 90% is NOT

Here’s a quick breakdown by marketplace:

NOTE:  The days reported INCLUDES the time it took to close the transaction, which is generally 35 to 50 days.

Ilona Matteson's July 2015 Outer Banks Real Estate Market

The good news is, if you price it right, it will sell!  Buyers are looking and ready for the best values and aren’t afraid to take action.

If you’d like more information about buying or selling on the Outer Banks, please contact me right away!

Contact Me Today!

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New Listing on the Beach in Kitty Hawk!!

OBARMLS80558OGreat opportunity to own a piece of Kitty Hawk history! Originally built by Beach Realty & Construction. This home has been well maintained and has a solid rental history. Enjoy the privacy of the two vacant lots to the north (they are unbuildable). Listen to the waves crash from any of the three bedrooms, or upstairs loft. Watch the dolphins from your deck or just have coffee with the sunrise. You can’t go wrong with and Oceanfront home at this price that is fully insured!


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This Ocean Sands Beach Home is a Straight Shot to the Beach!

741 Sea Horse Court, Corolla, NCStraight shot down to the beach!

Location, location, location! Enjoy a straight shot down to the beach from this fantastic Ocean Sands beach home. With 5 bedrooms, 3 full baths, ample decking, large living area, screened porch, awesome ocean views, and excellent condition this home is a real gem.

Guests love this place as evidenced by many returning year after year.