Beware of Rental Scams on the Outer Banks

Greenville, NC | News | Weather | Sports -   You really can’t believe everything you see online – especially when it comes to advertisement for vacation rentals on the Outer Banks. Unfortunately, according to Sergeant John Towler with the Kill Devil Hills Police Department, "The way we typically find out about it  is when a family shows up to start their vacation and somebody is already in the home that they thought they rented." However, there are red flags to keep in mind when you are searching the web for a vacation rental. Misspelled words and bad … [Read more...]

November Outer Banks Real Estate Market

November 2013 MLS Statistical Report Summary – In November, a REALTOR®Magazine article - Short Sales Lose Favor With Lenders? - reports that the number of short sales has been gradually dropping and that short sales were down across the nation - 11.2% from one year ago and 5.3% from the previous month. When you look at the OBAR statistics for November you will find that short sales on the Outer Banks are following, if not exceeding, this trend. Year to Year Short sales are down 26%. Foreclosure sales have also declined – down by 19%. Sales - After a brief surge in September and October, … [Read more...]

October Market Stats 2013

Lot and commercial sales soared above residential sales in October 2013. Lot sales were up by 9% and commercial sales were up bY 18% ... while residential property sales were down by 2%. HOWEVER, the volume for all three were down 6%. One bright spot is foreclosure sales have declined since the beginning of the year and are still trending down. Once the homes in foreclosure are off the market, it will help with the rebound of our market.   Median Price 2013 Median Price 2012 Percentage of Change of Median Price Percentage of YTD Units … [Read more...]