Yearly Archives: 2011

Outer Banks, NC - December 28, 2011 - (RealEstateRama) -- Outer Banks Real Estate headed by REALTOR Bill Holt reports about the coming Annual Membership Run of the Outer Banks Running Club. The event will be held on Kill Devil Hills Skateboard Park, off Veterans Drive across from First Flight High School and happen on January 14, 2012 at 9:00 am.

Outer Banks, NC - December 20, 2011 - (RealEstateRama) -- This is the third year in a row with increased real estate sales across all sectors of the Outer Banks real estate market from the low end properties all the way up to oceanfront real estate.

December 20, 2011 - (RealEstateRama) -- Hatters Island, on the south end of the Outer Banks, is in the middle of an oceanfront home shortage. No need to worry though, because the shortage is only because there are not enough oceanfront houses for sale to accomadate all of the potential buyers. Despite the best efforts of the media to scare everyone away from the real estate market, Hatteras Island is experiencing a boom in the sales of oceanfront single family homes resulting in the shortage.

December 20, 2011 - (RealEstateRama) -- During the launch of our new commission plan, I tried to take the perspective of someone considering our new program. I came to think the biggest obstacle many North Carolina Realtors will face is the problem of joining a company that is new. Red Sky Realty Group does not have a 30 year track record. (Though we do have over 40 combined years of real estate sales experience.) Though change can be scary it can often work out for the better. I came across an interesting look at change in business from Richard Branson.

Outer Banks, NC - December 19, 2011 - (RealEstateRama) -- For those interested in selling their Kill Devil Hills oceanfront home, right now is not a bad time to give it a try. Jumbo loans are available and there are plenty of people with down payment money and good credit who are looking to do something with their money. The conventional wisdom of investing in the stock market is starting to lose favor among a lot people with the stock market becoming too scary for a lot of people, especially after watching stock holdings evaporate overnight.

Outer Banks, NC - December 17, 2011 - (RealEstateRama) -- You don' t see a whole lot of turnover along the Southern Shores oceanfront. People who own beachfront homes in Southern Shores tend to hold onto their properties longer than their contemporaries in most of the other areas of the Outer Banks. There is also a larger proportion of second home owners vs rental property owner amongst the Southern Shores property owners and with the the oceanfront lots in Southern Shores being twice as wide as anywhere else around resulting in half as many lots along the Southern Shores beachfront. (most oceanfront lots measure 50 feet wide and Southern Shores lots measure 100 ft. wide)

Outer Banks, NC - December 16, 2011 - (RealEstateRama) -- After showing thousands of vacation rental homes on the Outer Banks to prospective buyers over the past 22 years there are some common traits that become obvious. One of these common denominators is the condition of the house. While trying to maximize the rental income their investment generates they cut back on repairs and only preform the items necessary to maintain a home.

Outer Banks, NC - December 15, 2011 - (RealEstateRama) -- The recession seems to be affecting different segments of the population differently. While all we ever hear about are the people who lost their jobs and who lost their houses and trashed their credit we never seem to hear about the vast majority of people who still have jobs, still have credit and managed to not borrow more than they could afford. These clever folks have managed to stay on the sidelines waiting for the smoke to clear so they could see when it was time to take advantage of the decline in real estate prices brought on by a minority of Americans.

Outer Banks, NC - December 13, 2011 - (RealEstateRama) -- To calculate the absorption rate for beachfront homes sales in the OBX vacation destination of Corolla you have to figure the amount of time it will take to sell off all the available real estate inventory. In Corolla there are currently 34 oceanfront houses for sale. The number of beachfront houses sold in the past 12 months was a total of 27 single family homes. With 34 oceanfront homes currently for sale it, will take 1.3 years to sell all of the <a title="Corolla beachfront homes for sale"

Outer Banks, NC - December 8, 2011 - (RealEstateRama) -- Despite the constant battles between liberal and conservative news outlets they have united under one banner for a common cause. With their combined influence over the American public they have set out to make sure this recession does not end anytime soon. Crazy, isn't it?

Outer Banks, NC - December 8, 2011 - (RealEstateRama) -- The Kitty Hawk real estate market is humming right along even with all the negative propaganda we seel on TV. In this year so far from Jan 1 to October 8, 2011 there have been 72 closed real estate transactions. This is just in Kitty Hawk.

Outer Banks, NC - December 8, 2011 - (RealEstateRama) -- Here on the Outer Banks the Nags Head real estate market is humming right along despite all the doom and gloom on TV. In this year so far from Jan 1 to Sep 24, 2011 there have been 158 closed real estate transactions in Nags Head alone.

Outer Banks, NC - December 8, 2011 - (RealEstateRama) -- Ignoring the trend around the country the Outer Banks is continuing to see an increased in the number of real estate sales transactions. This is the third year in a row we have experienced an increase in the number of properties sold. While prices are still in decline the number of sales continues to increase. So far this year our little MLS has recorded 1,167 sold properties as compared to 1,120 last year during the same time frame. This is an increase of almost 5%.

December 8, 2011 - (RealEstateRama) -- 52 single family properties have been sold and closed so far this year in the town of Duck. The total dollar amount for these properties combined is $35,310,980.00 and the median price was $600,000.

December 7, 2011 - (RealEstateRama) -- It has been quite the year for Outer Banks foreclosures.  We have seen 285 bank owned residential properties...