OBX Foreclosure Update for December 7th


December 7, 2011 – (RealEstateRama) — It has been quite the year for Outer Banks foreclosures.  We have seen 285 bank owned residential properties sold on the Outer Banks MLS from January 1st through November 30th.  Prices on the sold Outer Banks foreclosures range from $15,000 to over $1,100,000 with an average price of $250,015.

For those looking to purchase a foreclosure on the Outer Banks it is imperative to move quickly as we saw a foreclosure sell in just 15 days with a median days on the market of 99. Kill Devil Hills has the highest number of sold foreclosures on the Outer Banks thus far this year.  It is interesting that Kill Devil Hills and Corolla combined for over 100 sold foreclosures while a town like Duck has only had 4.

If you are interested in learning more about buying a foreclosure on the Outer Banks, you can give us a call at 866.777.3948 or sales (at) redskyrealty (dot) com and mention the foreclosure list and we can set you up.


OBX Sold Foreclosures

Avon 9
Corolla 24
Duck 4
Edenton 3
Elizabeth City 12
Frisco 3
Grandy 11
Hatteras 14
Kill Devil Hills 77
Kitty Hawk 19
Manteo 19
Moyock 5
Nags Head 26
Ocracoke 4
Point Harbor 2
Powells Point 4

Note: Sold numbers for towns in Currituck & Pasquotank Counties only include the homes that were input in the Outer Banks MLS.

This Outer Banks foreclosure update has been reprinted with permission from the Red Sky Realty Group Company Blog, Outer Banks Foreclosure Information through November 2011


Kevin O'Brien is Vice-President of Red Sky Realty Group an Outer Banks technology based North Carolina real estate brokerage. Red Sky Realty Group is unveiling an innovative new program to allow North Carolina real estate brokers the ability to keep up to 98% of the commission money they generate.


Phone: 866-777-3948

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