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Great White Shark Spotted Swimming
Just Off OBX Coast on March 20th
Residential Home Sales for Single Family
Homes Reported Up 7% on Outer Banks
The Outer Banks Association of Realtors February 2015 MLS Statistical Report Summary: Overall Last year at this time, the MLS was reporting that sales were strong in the first two months but then sales slumped as the weather turned bad. However, this year, even though the weather has been frigid and there has been measurable snow on the ground, has started out pretty good with overall unit sales up 6% and the number of units placed in an under contract status were up 4%. With the number of under contracts up March sales numbers should prove to be interesting.
See below for a breakdown of the February sales by class: Residential sales – Unit sales for single family homes was up 7% with 178 sold in the first two months of the year compared with 166 units in 2014. However, condominium unit sales were down 45% and total volume sold was down 58%.
Land Sales – Unit sales were up 29% with 62 units sold in 2015 compared with 48 units in 2014. Of particular note is that residential lot unit sales were up 33% and total volume sold was up 16%. So far it’s been a really good year for land sales.
Inventory – Residential inventory was up 5% with 2114 units on the market; however, land inventory is down by 9% and commercial inventory is down by 10%.
Foreclosures – The number of Dare County foreclosures is definitely on the decline. In the first two months of this year there have only been 25 properties foreclosed. In 2014 there were 40 and in 2013 there were 68.
Distressed Property sales – The MLS also notes that the number of residential property short sales is up 140% compared to 2014. Interesting statistic since this class of property has been on a steady decline for several years. The MLS will watch this one closely. see full report PDF... file
Lighthouse and Town Map - Outer Banks, North CarolinaOuter Banks, North Carolina - Sea Turtle MosaicKitty Hawk Kite Shop - Outer Banks, North CarolinaJockey's Ridge Hang Gliders - Outer Banks, North CarolinaOuter Banks, North Carolina - Nautical ChartCape Hatteras Lighthouse - Outer Banks, North CarolinaOuter Banks, NC from Space   - ©Spaceshots
Cape Lookout Light, Prototype For All Outer Banks LighthousesCape Hatteras IOcracoke Light I Bodie Island Lighthouse, Part of the Cape Hatteras National SeashoreCurrituck Light I
Former Outer Banks Resident
Rides Motorcycle Across America
Motorcycle Adventurer and former Outer Banks resident Tom Serine rode his motorcycle across the United States from coast to coast along the TransAmerica Trail. Follow some of his exploits
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Outer Banks, North Carolina - Sea Turtle MosaicKitty Hawk Kite Shop - Outer Banks, North CarolinaJockey's Ridge Hang Gliders - Outer Banks, North CarolinaOuter Banks, North Carolina - Nautical ChartCape Hatteras Lighthouse - Outer Banks, North Carolina VW Van - Outer Banks, North Carolina
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