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

This South Nags Head Retreat is a wonderful Vacation choice for those seeking to enjoy the rituals of Summer on the Outer Banks. Built w/many thoughtful details such as large pool area w/fiber optic lighting and heated. Composite Decking w/built in seating around the pool area & ceramic tile BBQ area on the Top Floor Deck. The interior is a delight w/hickory wood cabinets, wainscoting, cathedral ceilings and super wet bar area that make this home a delightful destination. Located Oceanside, this home offers a short walk to the beach, w/direct ocean access, ground level parking. Sun Deck, hot tub and enclosed outdoor shower. Many other features!

This home is Absolutely Beautiful!!! Great views of the Ocean and Sunset Views over the Roanoke Sound await you from this South Nags Head Estate. This very Spacious, Luxuriously decorated home has Many Special Features including a private Pool, Hot Tub and huge rec room with pool table. Located conveniently across from Jennette’s Pier. Open living and kitchen area with a gas fireplace A must see with excellent rental income!

3648 Poseidon-main

Beautiful Never rented H plan in immaculate condition.  Beach access less than a block away.  Large open living and kitchen area with bar.  Two bedrooms on each side with two full baths!

Three parcels being sold for $599,000 each. Each parcel consists of 2 lots, one fronting the bypass and one fronting Lindbergh Avenue. Each parcel touches both Lindbergh Ave and the bypass. See pictures for more detail. Each parcel is 100 x 300 and listed as commercial only.  Listing offered by Tim Moore & Rachel Neal, 252. 261.4444

South Nags Head at its’ finest. A distinctive oceanfront home with stunning views of the Atlantic. Prime location within walking distance to Jennette’s Pier, Sam & Omie’s, Fat Boyz, Whalebone playground/park & Cahoon’s Market. A strong performer in rentals grossing $95,000-$97,000 annually. Renters, friends & family will appreciate a functional floor plan consisting of 7 bedrooms 5 1/2 baths (3 Kings, 2 Queens, 2 Bunk Rooms), a central location close to a variety of activities, and plenty of water fun with a private pool/hot tub and walkway to the beach. This home was freshly painted this year, is equipped with Andersen windows & doors, has solid hardwood floors on the top level, pine wainscoting & trim throughout, provides covered porches facing west to enjoy the sunsets, and offers a stocked game room clad in Juniper sourced from Columbia, NC. Location, rental performance and quality unite to make “The Beach House” an authentic South Nags Head oceanfront experience for owner and vacationer alike. Listing offered by Rachel Neal, 252.255.2573

Under Contract

Property being sold for lot value only, not as a functioning business so please don’t ask to see books, records or buildings. There are two water taps already installed that would support 2 lots if subdivided. Town requires min 15,000 sq ft to subdivide each lot which can be done with the size of this lot. No lock box and agent has no keys. Listing Offered by Tim Moore, 252.261.7724

Fantastic opportunity to own a Nags Head style town home on the oceanfront! Get 5 assigned weeks a year in this co-ownership arrangement. Weeks rotate year to year. Monthly fee covers electricity, water/sewer, taxes, insurance, maintenance, housekeeping, cable, internet, & phone. Pull in, stop, drop and go! Gorgeous master suite overlooking the ocean with private deck. An additional 3 bedrooms are available for guests and friends. Get the benefit of owning on the oceanfront without having to shoulder all the maintenance costs alone-a total of 10 owners that each get 5 weeks a year-2 weeks are allotted for annual cleaning and maintenance. Decks were redone this year!
Listing offered by Rachel Neal, 252.255.2573


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.  Read more

Courtesy of Outer Banks Voice  | October 16, 2012

Opposition is growing to a home insurance rate hike that could hit 30-percent in many coastal counties, after a request by the N.C. Rate Bureau.  Read more