beach nourishment outer banks

Anticipated Project Schedule Provided by Great Lakes Dredge and Dock Company:

  • Town of Duck
    Start Date: April 1, 2017
    End Date: June 1, 2017
  • Town of Kitty Hawk
    Start Date: June 1, 2017
    End Date: August 20, 2017
  • Town of Kill Devil Hill
    Start Date: August 20, 2017
    End Date: October 10, 2017
outer banks beach nourishment

At a special meeting held March 17, the Dare County Board of Commissioners accepted the bid from Great Lakes Dredge and Dock Company for the beach nourishment project that encompasses the Town of Duck, Town of Kitty Hawk, and Town of Kill Devil Hills. The award is contingent on approval from the Local Government Commission.
The bid from Great Lakes Dredge and Dock Company totaled $38,596,850 and is approximately $4.9 million under budget.
Work is scheduled to being in April 2017. As plans progress, the Town of Duck, Town of Kitty Hawk and Town of Kill Devil Hills will provide information about plans for construction.

• Broker in Charge: Tim Moore
• Broker: Rachel Neal
• Broker: Janie Chesson

jlsalesstaff

 

 

Outer Banks Association of Realtors January 2015 MLS Statistical Report Summary:


* Overall“Overall sales are off to a slow start in 2015 with sales down by 7% and total volume down by 21%. See below for a breakdown of the January sales by class:

* Residential Sales – Unit sales were down by 13% with 93 units sold in January compared with 107 units in January 2014. Total volume sold was also down by 20%; however, the median sale price is up by 15%.

* Land Sales – Unit sales were up 41% with 31 units sold in January compared with 22 units in January 2014. Total volume sold was also up by 17%. Average and median sales prices were both down by 17% and 19% respectively.


* Inventory – Residential inventory was up 4% with 1870 units on the market; however, land and commercial inventory are both down about 11%.


* Foreclosures – Although the data is incomplete for January, there have been 13 foreclosures in Dare County so far. Thirteen is the lowest number of January foreclosure filings since the MLS started collecting data in 2011.”

See the whole report here – REPORT

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!

$799,000

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!

$650,000

Beautiful 8 bedroom 6.5 baths Oceanfront home in Nags Head. Generates over $115,000 in rental income. Game room, gazebo, elevator.

Welcome to South Wind rental unit #25 at 2123 S Va Dare Tr in Nags Head. Beautiful 8 bedroom 6.5 baths Oceanfront home in Nags Head. Generates over $115,000 in rental income. Game room with pool table, private oceanfront gazebo, and even an elevator. 3456 sq ft of luxury living space. 2 refrigerators, 2 dishwashers, 2 microwaves means this house comes fully loaded and totally furnished for a turn key vacation rental machine.

$1,389,000

2014 Year End Summary
Overall – Overall it was a pretty good year. Sales were on par with 2013 and although there was a little lag in sales in the early spring (cold weather) they picked up in May and stayed ahead of the curve for almost the entire year.

Residential Sales – Unit sales, as well as total volume sold, were up by 5% over 2013 with 1602 units sold with a total volume of $565,908,269.

Land Sales – Unit sales, which were hot in the late spring and early summer ended up on par with 2013 (491 units sold in both years) but the good news is that total volume sold was up 19% in 2014 at $60,689,759.

Commercial Sales – Unit sales, as well as total volume sold, were up over 2013. Unit sales were up 24% and Total volume sold was up 9%.

Inventory – Residential inventory finished on the plus side – up 4%, but land and commercial property inventory declined 10% and 15% respectively.

Distressed Residential Sales – It has not been a good year for distressed property sales. Unit sales of properties listed as Short Sales were down 36% and unit sales of properties listed as Bank Owned were down 33%. Total volume sold was also down 43% for Short Sales and 26% for Bank Owned.

Foreclosures – The number of Dare County foreclosures for 2014 declined by 34%. The number of Dare County foreclosures are at their lowest level (187 units in 2014) since the MLS started collecting data 2011. By comparison, in 2012 there were 327 units foreclosed and in 2013 there were 287 units foreclosed.

Data from Outer Banks Assoc. of Realtors

Welcome to Miramar where ocean & sound views are plenty, beach access is across the street, and relaxation is second nature. There’s plenty of space for family/friends/renters with 5 bedrooms (3 full suites, two bunk rooms with a shared bath), an outdoor private pool and hot tub, and a game room with kitchenette for easy outdoor entertaining.This property is located about 3 miles from Jennette’s Pier, restaurants, and even closer to the activities the Outer Banks is known for-fishing, swimming, kite flying, boating and kayaking. Miramar provides all the outdoor amenities your family is after with the added bonus of a well appointed interior space-gas fireplace, view of the ocean from the 1st & 2nd floors, & plenty of private spaces. Beach access is across the street at Camelot (see google map below). 2014 Rentals grossed at $41K. Don’t miss your opportunity to start making money and memories at The Miramar!
Listing Offered by:
Rachel Neal, Broker/Realtor
252.255.2573
rachel@joelambrealty.com

RALEIGH Insurance Commissioner Wayne Goodwin has ordered a zero percent statewide overall average change in homeowners insurance rates, effective June 1, 2015. The ordered rates vary by geographic territory and type of insurance. On average, homeowners insurance rates are to decrease by 0.3 percent, renter’s insurance rates are to increase by 11.2 percent, and condo owner’s insurance rates are to increase by 8.1 percent.

Effective June 1, 2015, rates for the barrier island portions of Currituck, Dare and Hyde Counties will go down 9%, a savings of about $223 for $150,000 of coverage; rates for the mainland areas of Currituck, Dare, Hyde and Pamlico Counties will do down 8.9%, a savings of $189 for $150,000 of coverage. The NC Rate Bureau had requested a 35% increase for barrier island territories and a 10% increase for inland northeastern coastal territories.
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