There are a lot of changes happening in the real estate world right now, and not just as it pertains to home sales or mortgage rates. If you’ve been reading online or watching TV lately, you probably have seen that the NAR (National Association of Realtors®) reached a settlement in a lawsuit and it has […]
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Real Estate Market Update – March 2024 My main takeaway from the latest Outer Banks Association of Realtors (OBAR) monthly statistical report was land – vacant lot inventory is down even further than it was last year. Residential home inventory is improving (thank goodness) but land inventory is trending the opposite way. I touched on […]
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Well, it’s time to look back on 2023 and see which areas saw price gains and which areas had a bit of a retreat in home prices. Please keep in mind that last year’s stats were from a very low-volume year, and some areas had very few homes that sold compared to 2020-2022. I’m including […]
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Real Estate Market Update – December 2023 As we get closer to the end of the year, we have a pretty good set of statistics to compare 2023 to 2022 and see what home prices are doing on Hatteras Island. Starting in early November, mortgage rates dropped quickly and are now hovering close to 7%. […]
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I want to start things by talking about land. There’s a quote often attributed to Mark Twain that says: “Buy land, they’re not making it anymore.” And Hatteras Island specifically is a unique place when it comes to Outer Banks real estate. Most of the island is owned or operated by government agencies. Of the […]
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It’s hot outside, and after the first half of 2023 saw the housing market cool off a bit, it’s heating up again. There are only 74 residential properties for sale on all of Hatteras Island right now, as homeowners wrap up the summer rental season and start considering whether to list their houses for sale […]
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Hatteras Island is in the news lately, as a Vacasa report listed us as the 2nd best place to buy a beach house in the U.S, which was picked up by various media outlets. From an investment perspective, those stats would be really impressive, but there are a couple of caveats. The median sales price so […]
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Are you a buyer looking for some good news in this rapidly changing real estate market? The February Outer Banks Association of Realtors (OBAR) statistical report has one very interesting stat for Hatteras Island in 2023. Median sale prices so far YTD are down 17%. This comes with some caveats, however, as it reflects a […]
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Four out of the Top 5 home price appreciation locations on the Outer Banks were on Hatteras Island! The year-end stats are in, and several locations on Hatteras Island saw significant home price appreciation. You can access the year-end report by specific areas here, (such as Waves oceanside, Waves soundside, etc.), and the December Outer […]
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Three Keys from the November 2022 OBAR Statistical Report… Last month the Outer Banks hit a new high for median sales price of $600k, and Hatteras Island specifically was $621,250. In the November report, the overall Outer Banks median sales price dropped to $519,654, yet the Hatteras Island figure stands at $618k. So Hatteras Island […]
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