June Market Update
June 4, 2015 By Ilona
This month let’s take a look at what’s happening in each specific location for a closer, more in depth view understanding.
Corolla
| Corolla Stats | |
| Total # of Homes for Sale | 377 |
| Total # Selling per month | 17 |
| Months of remaining Inventory | 22 |
| # of New listings each month | 45 |
Corolla has a 22 month supply of inventory. It’s the weakest market on the Outer Banks right now in terms of supply and demand. Constant price reductions are needed to get homes sold. When a home comes on the market priced well, it will sell quickly.
Duck
| Duck Stats | |
| Total # of Homes for Sale | 154 |
| Total # Selling per month | 8 |
| Months of remaining Inventory | 19 |
| # of New listings each month | 18 |
One great trend in Duck is that the supply of homes under $300,000 is very diminished. While the inventory issue is still a problem for Duck, homes will sell very fast when priced for the market.
Southern Shores
| Southern Shores Stats | |
| Total # of Homes for Sale | 93 |
| Total # Selling per month | 7 |
| Months of remaining Inventory | 13 |
| # of New listings each month | 20 |
The Southern Shores market is doing quite well. It has one of the lowest inventory levels of all the towns. Land sales are fantastic in Southern Shores right now.
Kitty Hawk
| Kitty Hawk Stats | |
| Total # of Homes for Sale | 77 |
| Total # Selling per month | 13 |
| Months of remaining Inventory | 22 |
| # of New listings each month | 19 |
Kitty Hawk between the highways is a fast seller right now. Those homes are a fantastic value and buyers are recognizing that.
Kill Devil Hills
| Kill Devil Hills Stats | |
| Total # of Homes for Sale | 182 |
| Total # Selling per month | 19 |
| Months of remaining Inventory | 9.5 |
| # of New listings each month | 40 |
By far the most stable market on the Outer Banks right now is Kill Devil Hills. Keep in mind the majority of homes selling here are under $300,000. This area has the best supply and demand situation of all the towns.
Nags Head
| Nags Head Stats | |
| Total # of Homes for Sale | 190 |
| Total # Selling per month | 14 |
| Months of remaining Inventory | 13.5 |
| # of New listings each month | 25 |
Nags Head is holding it’s own right now. The average price there is $350,000 which makes it super affordable for such a great location.
So as you can see, right now selling a home on the Outer Banks comes solely down to price and condition. Buyers still have too many choices for prices to change any time soon. The good news is we have steady activity in the marketplace right now and it doesn’t seem to be slowing down.
If you’d like more information about buying
or selling a home on the Outer Banks, just let me know how I can help you.
Great View and Privacy Provided with your Huge Corolla Lot!
March 3, 2015 By Ilona
526 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
Would you like to sit by Your Fireplace Daydreaming about Summer in Corolla?
February 26, 2015 By Ilona
526 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
Look Out from Your Rooftop Deck at the Breathtaking Sound Views in Corolla!
February 19, 2015 By Ilona
440 Brant Road,
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!
Check out the Breathtaking Sound View!
February 11, 2015 By Ilona
440 Brant Road,
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!
Many Updates and Upgrades to this Corolla Section C Home!
February 3, 2015 By Ilona
526 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
440 Brant Road, Corolla, NC 27927
January 27, 2015 By Ilona
440 Brant Road,
Corolla, NC
MLS #: 86504 $369,000
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.
