February 25, 2020, Nags Head – One month into 2020, and real estate in the OBX is thriving!  OBAR has been hearing about how members in sales have been really busy, and now we know why. MLS Director Dan Sutherland has released the January 2020 statistics and the OBX continues to break records. Says Sutherland, [...] Real Estate |  Full Article

At the beginning of each year, I like to look back on the results from the previous year and attempt to see if they can give us some insights into the state of the real estate market as we move forward. To understand where we are on the spectrum of progress with respect to the [...] Real Estate |  Full Article

The Outer Banks Association of REALTORS® Multiple Listing Services Director Dan Sutherland has released the 2019 Year End Multiple Listing Services (MLS) Statistical Report for the 2019 year. Overall it appears that real estate had a good year in the OBX. Sales have been steadily climbing since 2008. In 2019, Total Property Sales increased 8% [...] Real Estate |  Full Article

Hyde County has received notice of the availability of FEMA grant funds for the elevation  of homes in Hyde County under the Hazard Mitigation Grant Program (HMGP) Hurricane Dorian, DR-4465. The HMGP provides 100% funding to reduce or eliminate the risk of flood damage to buildings and structures. If your home is your primary residence, [...] Real Estate |  Full Article

Thousands of properties removed from flood zone Sweeping changes to the FEMA’s revised 2020 flood maps will mean a 41 percent decrease in the number of unincorporated Dare County properties included in the flood zone. And the widespread re-classifications, county officials worry, could tempt some property owners to prematurely drop their flood insurance policies when [...] Real Estate |  Full Article

With revaluation, Dare property owners will soon find out Sometime in February, the owners of nearly 44,000 Dare County properties will receive notices telling them, hopefully as accurately as possible, what the market value of their properties are as of Jan. 1, 2020. Right now, public interest in the county’s first the first property revaluation [...] Real Estate |  Full Article

In celebration of Geographic Information Systems (GIS) Day on Wednesday, November 13, the Dare County Department of Information Technologies GIS Division has developed a Look Back Map. The map provides users with the opportunity to explore and visually compare the changing landscape of Dare County of 1996 to 2019. GIS is a scientific framework for [...] Real Estate |  Full Article

While the residential real estate market on Hatteras Island showed mixed results through August, the undeveloped lot market reported double digit increases in almost all major indicators. This got me to wondering if the rise in lot sales might be a harbinger of good times ahead for the construction industry on the island. To gain [...] Real Estate |  Full Article