The real estate news these days is dominated by the surge in residential sales, both locally and nationally, as well as the drastic reduction in the number of homes available for purchase. Driving around the island, there also appears to be a large amount of construction taking place – something we have not seen for [...] Real Estate |  Full Article

Some sectors of the local economy suffered a COVID pandemic recession in 2020. But that sure isn’t the case for one part of Dare County hospitality industry. The Dare County Tourism Board has just released its occupancy revenues for December 2020 and the results are clear. The pandemic year turned out to be a boom [...] Real Estate |  Full Article

As home sales continue at unprecedented rates and housing inventories fall, the Outer Banks may be entering uncharted territory. According to the Outer Banks Association of Realtors, every community on the Outer Banks (with the exception of Colington and Ocracoke) saw double-digit gains over 2019 in the number of properties sold – with some of [...] Real Estate |  Full Article

By Mike “Moose” Smith Normally in January realtors and others associated with the business of real estate get to take a breather. Sales would have cooled off, much like the weather. Those thinking about selling in early spring are getting their properties ready and inventory is ramping up. Not this year! January unit sales were [...] Real Estate |  Full Article

As we approach the end of 2020, I think we would all agree that this has been an unusual year to say the least. We saw the onset of the COVID-19 pandemic start in January followed by the closing of Dare County to visitors from March 15 to May 16, accompanied by a series of [...] Real Estate |  Full Article

It is hard to know exactly where to start when so many records are being broken in the OBX real estate market. First and foremost, we have surpassed the 2005 record YTD total volume sold, having seen an astronomical $1.18 BILLION. October saw the highest monthly units sold at 456 which is an 104% increase [...] Real Estate |  Full Article

Homeowners insurance rates along the Outer Banks and throughout northeastern North Carolina could increase by 25 percent next summer under a proposal submitted by the industry to state regulators. The request was announced exactly one week after state Insurance Commissioner Mike Causey won a second term over former commissioner Wayne Goodwin. Causey, a Republican, announced [...] Real Estate |  Full Article

The Outer Banks real estate market is hot. It’s part of a national trend, but what is happening locally goes beyond the strong national trend. What realtors with experience in the Outer Banks market and longtime observers of local conditions are seeing exceeds anything they have seen before. “It’s been absolutely nuts,” said Jeff Scott, [...] Real Estate |  Full Article