Hatteras Island Real Estate:  Frequently Asked Questions

Each summer, our columnist answers some questions that prospective buyers and sellers frequently ask about Hatteras real estate.  Here is the summer 2016 version. 
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Hatteras Island Real Estate: Are your insurance coverages adequate

Since the 2016 tropical cyclone season started June 1, the word “hurricane” seems to work its way into conversations and press reports on a regular basis.  As the storms approach the U.S. mainland, residents and property owners can be expected to start scurrying to find their insurance policies to confirm their protection coverages.  After the weather clears, the focal point of attention turns toward policy claims. 

With graphic images still in our minds of the devastation of coastal areas in Louisiana and New Jersey after past storms, this is an opportune time to review some of the issues associated with insurance protection of our properties. 
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Hatteras Island Real Estate:  What's hot and what's not

Every now and then it is both informative and fun -- for those readers who like numbers -- to take a look at market data at both a general overview and more detailed levels. Island Free Press real estate columnist Tom Hranicka gives readers a summary of real estate sales on the island through April of this year. 
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Hatteras Island Real Estate:  First quarter market report

When we look back on the first three months of 2016, real estate results are mixed. The number of sales of both residential properties and undeveloped lots are down from the January to March period in 2015. However, the average and median sale prices are higher than last year for the same time period. The total dollar value of residential sales was up a little over 8 percent, while the corresponding result for lot sales was down nearly 19 percent. 
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Sea Gull Motel changes hands after more than 60 years

The Sea Gull Motel – a familiar Hatteras Village motel that has been run by the Oden family for more than 60 years – has reached the end of an era.

The property was sold last week to SAGA Construction of Kill Devil Hills, and while for now there’s little indication that a change has occurred – with the exception of a new Kees Vacations placard that’s subtly tucked under the main Sea Gull Motel sign – the owners, locals, and long-time visitors alike are fully aware that in a small town like Hatteras, the transfer comes with a big dose of sentimentality and nostalgia. 
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Hatteras Island Real Estate: Changes in flood insurance costs

Beginning on April 1, a number of changes took place in the National Flood Insurance Program (NFIP). The changes that could have the most direct effect on policyholders are those related to premium increases. 
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Studio 12 opens in a new Avon location

After spending the better part of the past year renovating the old “pink building” on Highway 12 in Avon, owners Carolyn and Gary Schena today opened their business, Studio 12, in a new location in Avon.

You will now find Studio 12 at 41008 Highway 12, situated across from the Avon Pier and in between Surf or Sound Realty and Hatteras Island Boardsports, in a building that is now painted a cheerful green.
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