We hope you and your family are well. Spring has sprung along the Outer Banks. The weather is beautiful and we are excited to see our property owners returning to Dare County this week. We welcomed our Currituck property owners back last week.  Visitors will be allowed reentry starting next Friday. Things seem to be getting back to normal here, albeit a new normal. Restaurants in North Carolina must remained closed to dine-in customers at least until May 22nd but most all restaurants in the area are offering take out and delivery options. We are optimistic that we will have a good turnout of summer visitors along the Outer Banks. We do anticipate social distancing and face coverings in public to be part of life for the foreseeable future.  

 

In real estate news, we have stayed consistently busy. The market remains strong and it is a great time to advantage of stellar interest rates. Some sellers are more motivated but inventory remains low and demand is high. Over the past 30 days Outer Banks brokers have closed 98 properties! We have listed 84 new units and placed 77 under contract. Our team alone has listed 6 properties for sale, placed 4 units under contract, and closed 7 transactions.  

 

As always each sector of the market is different. We are breaking it down by town for you:

 

Corolla:

Active listings: 296

under contract 30

year to date sold 80

Average Days On The Market 127

Average sale price compared to listing price: 93%

Average sale price $678,882

 

Duck:

Active listings: 86

under contract 14

year to date sold 46

Average Days On The Market 103

Average sale price compared to listing price: 92%

Average sale price $569,789

 

Southern Shores:

Active listings: 43

under contract 14

year to date sold 32

Average Days On The Market 75

Average sale price compared to listing price: 95%

Average sale price $537,839

 

Martins Point:

Active listings: 12

under contract 5

year to date sold 4

Average Days On The Market 135

Average sale price compared to listing price: 92%

Average sale price $658,750

 

Kitty Hawk:

Active listings: 24

under contract 16

year to date sold 27

Average Days On The Market 51

Average sale price compared to listing price: 95%

Average sale price $368,298

 

Kill Devil Hills:

Active listings: 86

under contract 34

year to date sold 87

Average Days On The Market 63

Average sale price compared to listing price: 96%

Average sale price $335,997

 

Nags Head:

Active listings: 106

under contract 15

year to date sold 67

Average Days On The Market 87

Average sale price compared to listing price: 95%

Average sale price $516,225