Super ocean views!
You probably recognize this house on your way to Duck.
This bank owned house in Southern Shores just came on the market yesterday. It is over 6000 square feet and is just one lot away from a beach access. The home is in decent shape and could not be built for near the list price of $919,000.
If you are looking for a large home near the ocean this might be it!
Just a short walk to the beach
This cottage has been on and off the market for a while. It was just reduced to $249,000. With great beach access and needing just a little work, this one should sell quick. If you are looking for a beach cottage in this price range, this may be the one. It also is located above the 500 year plain which is pretty rare for being this close to the beach.
Happy Thanksgiving Everyone! The parking lot here next to Food Lion has been packed over the weekend and today with folks buying all the fixings for a big Thanksgiving meal. There’s no where better to be than on Outer Banks for Thanksgiving!
Here’s a link to my latest newsletter: http://r.b5z.net/i/u/10116302/f/carolina_review_vol_8_iss_3.pdf
It looks like the Outer Banks real estate market is beginning to recover from Hurricane Irene. Here’s this month’s report and graphs. http://r.b5z.net/i/u/10116302/f/marketindicatorsnov11.pdf
Nov 4th Beach Rainbow
I saw this rainbow on the way to work this morning. You know it is going to be a good day when it starts out like this!
As expected the OBX real estate market was impacted by Hurricane Irene. Sales transactions were down a little over 13% from the day of the storm in August until the beginning of October. The largest segment affected was Hatteras Island. This was expected because NC 12 on Hatteras Island was impassible during this time period. Perhaps we’ll return to improved sales trend now that things are returning to normal. Here’s a link to this month’s detailed OBX Market report: http://r.b5z.net/i/u/10116302/f/marketindicatorsoct11.pdf
Great Nags Head Value
This house was just reduced today $30,000. Yes it needs a little work but it has a good ocean view, it is close to two beach accesses and you can walk to a couple restaurants for lunch or dinner. This one is a good value. Here’s a link to more details: http://obarmls.fnismls.com/publink/default.aspx?GUID=99d644e6-9991-480a-9f9d-bdb176d69c07&Report=Yes
We’ve just added a vacation rental calculator to our web site. This can help you determine the cost of owning a vacation home and if it is a best value for you. Here’s a link: http://scottrealtyobx.com/vacation_rental_analysis
Also here’s a link to a pretty good buy in South Nags Head that has most of the numbers needed in it so you can try out the rental analysis calculator with some real numbers.
http://obarmls.fnismls.com/publink/default.aspx?GUID=eee10e03-2974-4cef-be28-0d1a09b471d4&Report=Yes
Hurricane Irene impacted sales last month. Page 3 of the report shows a significant reduction in sales agreements compared to August of 2010. Despite this bad weather event, there was still plenty of good news to report.
See the report here: http://r.b5z.net/i/u/10116302/f/marketindicatorssept11.pdf
See back reports here: http://scottrealtyobx.com/market_info
This house has been on the market a while and was just reduced. It is not my listing but I think it is a real sleeper. It has great ocean views and the access is just one lot away. It is also close to the Wright Memorial Bridge so if you are coming from Hampton Roads it would be a great weekend spot. The negative about it is it needs a ton of updating. The bones are good but the rest is old. If you can make repairs yourself this one is probably worth a look. Here’s a link to the detailed info: http://obarmls.fnismls.com/publink/default.aspx?GUID=1b1365ef-50db-444e-ae1f-ee952d9b0a5d&Report=Yes
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