This is the Outer Banks Real Estate update for the week ending May 9th. Residential not including co-ownership, week ending May 16th, data pulled May 19th: 60 units sold. The average list price was $602,114. The average sold price was $601,782. The median list price was $489,250. The median sold price was $494,500. Average days […]
The April real estate market stats for the Outer Banks are out. The story these numbers tell is a repeating theme; Hot sales, cold inventory. Let’s dive in! From The April OBAR Report On May 7th the Outer Banks Association of Realtors released the April MLS Statistical Report detailing the Outer Banks real estate market. […]
The March real estate market stats are out. Sales and inventory are the two buzzwords. Let’s dive in! On April 7th the Outer Banks Association of Realtors released the March MLS Statistical Report. There are two buzzwords in the report; one is way up, the other way down. Buzzword one is sales, and they are […]
Real estate on the Outer Banks, and around the country, continues to lead our economic recovery as we, hopefully, get closer to the end of the COVID pandemic. On the OBX for the year so far residential sales are up 68%, lot and land sales are up 100%. For the month of February residential sales […]
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 up 81% over last […]
2020 was a record-setting year for real estate on the Outer Banks. And December was another strong month. 2020 is now in our past, and what a surreal year it was. I have to recognize the fact that not all sectors of our economy fared as well as real estate did. I hope that […]
November was another strong month for real estate, even though it has slowed just a bit. Is that slow-down due to declining inventory? Well, here we are in early December. In April if anyone had said by the end of the year our real estate market on the OBX would be 40% ahead of 2019 […]
Real Estate sales records are broken again in October! The market is strong, we just need properties to sell! The Outer Banks Association of Realtors released the statistical report on November 9th. Our real estate market remains strong with a record-setting 456 units sold in October. That is a 104% increase over last October. The […]
The ultra-hot OBX real estate market rolls on, record sales three months in a row! COVID may have shut us down in March, but we certainly have more than made up for that lost time. The Outer Banks Association of Realtors released the September data on October 9th. Total sales for the month compared to […]
How hot is the real estate market on the Outer Banks? Remember how hard it was to find toilet paper in April? Ok, so I “borrowed” that from a meme that was rolling around a few weeks ago, but it is pretty accurate. You could get toilet paper in April, but you had to be […]