From Wobx.com A new report from Airbnb shows hosts for the online short-term rental marketplace in North Carolina’s rural counties brought in more than $370 million in 2022, and income to hosts in Dare County topped the list last year. The statewide total was a more than 350 percent increase compared to pre-pandemic travel in [...] Real Estate |  Full Article

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 [...] Real Estate |  Full Article

The North Carolina Real Estate Commission voted unanimously at their Feb. 15 meeting in Raleigh to move forward with a potential new rule that will add flood-related questions to the disclosure form that sellers must provide to potential buyers. The move is the result of a petition that was filed in December 2022 by the Southern [...] Real Estate |  Full Article

  Although December 2022 saw a drop in occupancy and meals collections when compared to the record set in 2021, the two key indicators of Dare County’s visitor economy again established new records and rose by nearly six percent over the entire year. In a report to the Dare County Tourism Board at their Feb. [...] Real Estate |  Full Article

Recent research from Destination Analysts reports that the planning window for domestic leisure travel is approximately 12 weeks, with nearly 40 percent of travelers planning more than 12 weeks in advance. Top inspiration sources for trip planning include websites, Facebook, online content, review websites, and streaming video services. Gen Z is primarily using TikTok and Instagram, and [...] Real Estate |  Full Article

  State Insurance Commissioner Mike Causey has announced a settlement has been reached with insurance companies that will allow rates to increase an average statewide of 9.9 percent for rental properties starting in June. Last August, the North Carolina Rate Bureau requested a statewide average 42.6 percent rate hike for dwelling policies spread over two [...] Real Estate |  Full Article

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 [...] Real Estate |  Full Article

The Hatteras Island village of Avon has seen one of the highest increases in online searches in the world as a 2023 summer vacation destination. According to a new report from HomeToGo, the marketplace with the world’s largest selection of vacation rentals, its 2023 Spring/Summer Travel Trends reveals which trends are heating up and how travelers are [...] Real Estate |  Full Article