Outer Banks Condominium Sales Reported up 19%; Single Family Home Sales Down by 4%

Outer Banks Association of Realtors October MLS Statistical Year to Date Summary:

Residential sales – Overall, residential sales for the year are up slightly (1%) but when looking at the types of properties that are selling, we notice that condominium unit sales are up 19% with total volume sold up 22%. It should also be noted that the median sales price for condominiums are up 16%. Single Family detached home sales are down by 4%; however, total volume sold is up 3%. It should also be noted that average / median sale prices are both up (7% and 2%).
Lots / Land sales – Lots / Land sales are on the rise with the sale of residential lots up 13% for the year and Total Volume sold up 5%.
Inventory – For the year, residential inventory is up 8% and land inventory is up 7%. Commercial inventory is down by 2%. See full PDF Report

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3300 Linda Lane Nags Head, NC

Under Contract
Previously builders model home built and kept by builder, many upgrades and extras were added to make this house special. The current owner has
maintained and improved the condition making this home show well. Be sure to show it on Saturdays until the rental season is over. Great rental income, over $30k. Shows great. New HVAC 2014, painted stained 2013.
Listing offered by Tim Moore, 252.261.7724
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3900 Poor Ridge Road Kitty Hawk NC

Under Contract

3.24 acre lot just past cement plant on Poor Ridge. Canal front and road frontage – see picture of the lot. You could get approval to add a dock on the canal section and have house on the other side of the road. Listing offered by Tim Moore, 252. 261. 7724

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Dare County Reassesses Property


This month, the much anticipated tax revaluation is occurring in both Dare & Currituck counties. North Carolina state law requires that all property be assessed every 8 years or sooner, to re-establish equity among all properties and to equalize the tax burden among all classes of property.  (more…)

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