While July was another high water month on the Outer Banks for visitor spending, the latest data indicates the amount of visitors coming to Dare County this summer has declined to a more balanced level and that the record revenues were driven more by higher prices. Total retail sales in June also set a new [...] Real Estate |  Full Article

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 [...] Real Estate |  Full Article

The Dare County Geographical Information System (GIS) Department has announced the launch of a new Bird’s-Eye Viewer Map that allows users to easily visualize the various geographical, economic, and socio-demographics of Dare County—and to learn more about how this information has changed over time. “We created this map so Dare County citizens and visitors can [...] Real Estate |  Full Article

From Wobx.com N.C. Insurance Commissioner Mike Causey has set a hearing date for a request to raise insurance rates for rental properties that could lead to an increase of more than 75 percent on new and renewing wind and hail policies for vacation and full time rental houses on the Outer Banks. Causey said the [...] Real Estate |  Full Article

From Wobx.com The public comment period ends Friday on a proposed hike in policies that cover rental properties, and could lead to an increase of more than 75 percent on new and renewing wind and hail policies for vacation homes on the Outer Banks. Only nine months ago, the North Carolina Rate Bureau was granted [...] Real Estate |  Full Article

From Wobx.com Less than eight months after reaching a settlement that raised insurance rates by a statewide average of nearly 10 percent on rental properties, the North Carolina Rate Bureau has asked again to increase the cost of new and renewing policies starting next June by more than half. The N.C. Department of Insurance announced [...] Real Estate |  Full Article

The rates charged by the Dare County Water Department for water connection and water system development fees will soon increase, following an evaluation conducted by Raftelis Financial Consultants. The purpose of the evaluation was to examine Dare County’s water connection fee—which is the cost to install a meter in the ground and connect it to [...] Real Estate |  Full Article

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 [...] Real Estate |  Full Article