Friday, May 24, 2019

Outer Banks real estate market update

It's been a while since I've posted.  Outer Banks real estate has been really busy and kind to me.  This year on the Outer Banks is no exception.  Vacationers and Investment seekers are still searching for their dream vacation home with which they can enjoy in the off-season and rent out during the peak season to help subsidize the mortgage payments.  Prices are still climbing.  This year's average price for an oceanfront investment is $1.6M compared to last year's average of $1.2M.  That's quite a jump.  However, last year's average days on the market was 150 and there were only 91 listings.  This year's average days on the market is 179 and there are 149.  So, although prices are climbing, inventory is also increasing, which is good for the buyer.  More inventory means more competition and the sellers out there are going to have to pull the reigns on their asking prices if they want to sell their Outer Banks investment home.  For more information on the Outer Banks real estate market or investments or second homes or even if you are relocating, call me, Wende Pritchard at All About OBX real estate.  I can help.  I've been in the business for 17 years, I've the owner of All About OBX Real Estate and I give personal service and help you through the process every step of the way.  Look on my website or Zillow for testimonies and reviews!  Testimonies from buyers and sellers and Buyer and seller reviews on Zillow.  Call or text Wende Pritchard at 252-207-1147 or email me.