New OBX Listings
83 Gravey Pond Lane,Southern Shores
Incredible like new custom home in popular Chicahauk in Southern Shores!...Quality Finch home with 2X6 walls, stained cedar shake exterior and Andersen Windows...located on an oversized 32,277 sq. ft. wooded homesite (3/4 acre)...and in a Flood Zone X...first floor is 16.9 feet above sea level...on a very quiet cul-de-sac...and adjacent to Trinitie Park (tennis courts, basketball courts, pavilion and playing field) and bike/pedestrian path that leads to the ocean and the Market Place shopping ce
1223 Bluewater Court,Corolla
Located on a quiet cul-de-sac close to community amenities and boasts magnificent lighthouse views. The upper level features a spacious greatroom with gas fireplace, dining area, kitchen with granite, tile flooring, stainless steel appliances and breakfast bar, master bedroom with whirlpool tub and tiled shower, ships watch, screened in porch and open sun deck with stellar lighthouse views. The middle level offers four bedrooms and two full baths, laundry room and covered deck. On the lower leve
118 Clam Shell Trail,Southern Shores
Chicahauk backs up to common area with a quick skip to the ocean. This lot is in the very front of Chicahauk with common area on two sides. No one can build on the north side or behind this property. The lot to the south has a home on it and you can barely see it. Check out the plats to see how easy walking to the beach is from this location. You could also cut through to the Chicahauk parking area and cross at the light. Nice Live Oaks and vegetation. This is one of the most desirable lot
10118 S Colony South Drive,Nags Head
220 S Meadow Green,Nags Head
Beautifully updated home in the Village at Nags Head neighborhood Baymeadow. This large lot is adjacent to the 7th hole at Nags Head Golf Links and offers a lovely view over the Roanoke Sound. Upgrades/updates include new roof, new floors, countertop, carpet on stairs 2009, interior painted and new furniture upstairs, one new heat pump 2010. Amenities for all Village at Nags Head include two soundside park/dock areas for launching kayaks, crabbing, swimming, a private oceanfront parking and ba
341 Nags Way Court,Nags Head
Great Home, Great Neighborhood. This cute 3 bedroom 2 bath home is on a large lot in the X flood zone so no flood insurance required. Quiet, year round neighborhood is the perfect setting for your new home or relaxing second home. Pergo and vinyl flooring new in 2013. New kitchen cabinets, fridge, sink, countertops 2012/2013. New drain field 2012, roof 2008. Replaced main water line 2014. Large ground floor storage room and workshop. Expansive sun deck. Partially fenced yard for your pe
234 Ocean Boulevard,Southern Shores
Only 3 lots from the oceanfronts!!! This reverse floor plan is just steps to the beach. Great OCEAN VIEWS!!!! Hot tub. This 4 bedroom, 3 bath is a charming home filled with character and has gone under extensive interior remodeling to make your stay more comfortable. Very well maintained. Cozy and spacious with 2 master bedrooms. Enjoy your early morning coffee on the deck overlooking the ocean sunrise while listening to the song birds harmonizing with the chorus of waves from the beach. S
56187 Pamlico Drive,Hatteras
Great opportunity to be close to Pamlico Sound in a very unique 3BR, 2BA home.
1086 Corolla Drive,Corolla
Catch the sunrise from the front deck of this beautifully maintained and furnished spacious rental with three gathering areas for family vacation fun. Active families will be very happily entertained with the large inground pool, hot tub, basketball hoop and volley ball court featured at your doorstep. A short walk to the easy beach access at Shad Rd makes this an ideal location for families of all ages.
632 Pampas Court,Corolla
Affordable Ocean Sands Section O homesite Great lot!! Beautiful new homes all around. Wide....sandy beaches! Direct beach access. This homesite can accommodate a large home with a pool. Low developer pricing for a limited time. Come see and compare...Ocean Lakes is a great value. Beautiful new homes are popping up and it won't be long before this opportunity is sold out. There is a short walk to the huge community pool with separate kidÃ¢Â€Â™s pool and tennis. Wide beaches, 10-acre lake, ten
620 Tide Arch,Corolla
Affordable semi-oceanfront on the northern beaches! Potentially very good Ocean Views! Great lot!! Wide....sandy beaches! Direct beach access across the street. This homesite can accommodate a large home with a pool. Low developer pricing for a limited time. Come see and compare...Ocean Lakes is a great value. Beautiful new homes are popping up and it won't be long before this opportunity is sold out. There is a short walk to the huge community pool with separate kidÃ¢Â€Â™s pool and tennis. Wi
776 Galileo Road,Corolla
This gently used second home is easy to show and never rented. Easy walk to the beach and all the Buck Island amenities. This spacious 5 bedroom, 5 1/2 bath home will also serve as a great vacation rental. Meticulous care has been given to this home with upgrades as follows: HVAC - 2004, deck extension and washer/dryer in 2009, new hot tub in 2010, new hot water heaters in 2012 and new stainless refrigerator and dishwasher in 2013. Must see to thoroughly appreciate.
1422 Ballast Point Drive,Manteo
Expansive waterfront views from this SOUNDFRONT 3BR, 2BA condo in Pirate's Cove's Ballast Point Villas. SOLD FURNISHED, this unit is priced BELOW tax value and has incredible location value. Interior features include a gas fireplace, hardwood floors, eat-on bar, plenty of space for family fun. Ballast Point Villas also provide an ELEVATOR, reserved parking space and boat dock available to qualified boat owners. Located in the Pirate's Cove community, this unit's amenities include: swimming
105 Chicahauk Trail,Southern Shores
This is the perfect Outer Banks location in the highly sought after Chicahauk community. Located on a large (almost an acre) corner lot with beautiful live oaks and short walk to a life guarded beach. This home has a new face lift with a Newly remodeled kitchen including;Brand NEW Kitchen cabinets,Brand NEW Stainless steel kitchen appliances,sexy tile backsplash with undermount lighting, and MARBLE and GRANITE tops. Brand NEW carpet in living room and bedrooms, freshly painted throughout, 2 b
1714 Virginia Avenue,Kill Devil Hills
This is the nicest 2 bedroom you will find - the kitchen remodel, the maple floors, the bath remodel, the fresh paint colors - will make anyone fall in love with this house. The kitchen and bath were both updated in 2009. The kitchen now has Quartz Silestone counter tops, all new Maytag stainless appliances - the range is a double convection oven, maple cabinets, under mount sink and hardwood maple floors in kitchen, dining & living rooms. The bath now has a tile floor, new toilet, brushed ni
9818 E Surf Side Drive,Nags Head
The views from this wonderful 6 bedroom oceanfront cottage go on & on! New roof in 2014, new heat pump in 2008, new siding in 2011. Owners have purchased a private easement via Chawanook Court! Rental last year were over 46K with owners using in season weeks - so rentals could be much higher.
1947 Sandfiddler Road,Corolla
*THE PERFECT SET UP...OCEANFRONT, WIDE and DEEP LOT; over 100 FT of oceanfront and 440 ft of depth * Located in upscale N SWAN BEACH * 1 LOT IN FROM CORNER, providing extremely easy access yet no traffic coming in and out next to your lot! * SANDFENCED with DUNE* Site plan, evaluation, and survey are available in associated docs.
133 Lee Court,Kill Devil Hills
What a superb location! Come see all of this area has to offer. Whether you are looking for a permanent home a second home or an investment Colington has it all. This lot is located on a wide canal with lovely homes all around. Colington offers its homeowners plenty to enjoy from a club house to a tennis court and a really nice community pool. Come make a living out of having fun!
56358-5 NC Highway 12,Hatteras
Crane's Lookout II may quite likely be the best Sea Whisper value for a non-distressed unit that you will find. Very tastefully furnished in an island motif, this direct soundfront unit features double glass doors to maximize its views of the Pamlico Sound. It is easy to enjoy every season on the soundside deck with a variety of wicker furniture. The location of the Sea Whisper Condominiums is hard to beat with both sound frontage and the beach just a few steps away. Kiteboarders, windsurfer
114 E Altoona Street,Nags Head
House has lots of upgrades with ocean views all around. Home still has several weeks open so the rental income could go as high as 35 in rents.
4700 S Pompano Court,Nags Head
Only one lot currently priced in MLS below 90,000 in the Cove and THIS IS IT! Come take a look, bad news is... lot may need some fill...great news is X ZONE and a Corner Lot. Great community, close to Hospital, shopping and in Nags Head! AND association amenities include pool, play area, boat ramp, some association docking available and clubhouse which has just been renovated. Note dues only increased by $7.00 per year! Thanks to Wonderful management!!
127 18 Georgetown Sands Road,Duck
Walk to the beach in just a couple of minutes from this two bedroom town home located just south of Duck,NC. Enjoy your time at the beach instead of doing maintenance when you are down. This town home has plenty of room to relax with your family or enjoy a book on the deck while listening to the waves break. Ready for dinner? Stroll around the corner to downtown Duck and enjoy all that it has to offer.
1709 Wyandotte Street,Kill Devil Hills
6 BLOCKS FROM THE SOUND- BRING ALL OFFERS! Age of home is not actual; totally gutted and completely renovated is what you'll find in this 2 level home. Upstairs has kitchen with snack bar separation to living (or dining) room, 3 bedrooms & 2 baths; Master has private bath. Down stairs has bedroom, full bath, partition wall, sink w/counter top, fridge and cabinets-great area for family room & wet bar! Patio for cook outs, outside shower and sink for ease from the beach! Concrete driveway prov
50078 Blackbeards Court,FRISCO
Hear all that Hatteras Island has to offer at super semi-soundfront SOUND OF THE WILDE. This Brigands Bay beauty opens up to the views and pleasures of the waterfront. Located mid island in Frisco village, SOUND OF THE WILDE is an easy drive to the beach for great swimming, fishing, or sunning. The ground level has concrete drive, carport, shower with commode, fish table, bulkheaded waterfront, dock and ramp for small boats. Channel depth vary 1-3 ft. . Bedrooms 1 and 2 are close to a convenient
117 E Sea Colony Drive,Duck
Absolutely excellent investment opportunity. Condo rents well, is meticulously maintained, and makes a very good return on investment. All personal property will convey under separate bill of sale ($10.00), with a few exceptions, primarily small wall hangings built by the owner. Two deck chairs also do not convey. All items that do not convey are marked with a strip of blue tapeÃ¢Â€Â¦.easily seen. Unit may be seen Sunday through Friday from 1pm until 5pm, as renters have been told to expect
40185-1 Bonito Road,Avon
Affordable condo with beautiful views of the harbor at Mariners Cove and the Pamlico Sound. Very nice remodel by present owners. Potential for weekly or monthly income or just your very own special place at the beach.
Helping People Buy And Sell Homes on the Outer Banks
Do Not Sign an Exclusive
Buyer Agency Agreement
There is no Law that says you have to sign an Exclusive Buyer Agency Agreement before an agent can help you with buying a home. A Non-Exclusive Agency Agreement works and does not force unwarranted obligations on you.
Update 3/24/14 Flood Insurance Rates will not be skyrocketing like everyone has been talking about. HR3370 was passed and signed into law thereby ending the Bigert-Waters Act and all the dire consequences. HERE is a copy of the new law.
Welcome to Shore Realty's premier site for all things real estate on the Outer Banks. On this site you can search all of the real estate, homes, condos and land for sale on the Outer Banks beaches. You can narrow down your beach house search to the individual towns and villages across the OBX from Corolla and Duck to Southern Shores and Kitty Hawk including Nags Head and Kill Devil Hills plus Colington, the town of Manteo and all the villages on Hatteras Island. If it is for sale, you can find it here, regardless of whether you are looking for a palace like mansion, a simple beach cottage, an investment rental house or a home to live in.
Everything you need to make an educated home purchase is right here on this site, including articles for sellers and buyers with ideas to help you achieve your goal of Outer Banks home ownership. Call Direct 252-441-3416
Contemplating selling your property? The real estate market on the Outer Banks is not very friendly to sellers right now but properties are selling and quickly, if priced at market value. If you are interested in finding out the value of your property to see if you should wait or not, then sign up for a FREE CMA. If you are ready to sell, check out the extensive marketing campaign used by Shore Realty to help you sell your property. Shore Realty's level of service is unmatched and even surpasses what the big box brand companies have to offer. Check it out HERE Sometimes smaller is better!
Has the OBX Real Estate Market Reached the Bottom?
Probably!!! The only way to really know for sure if the OBX real estate market has bottomed out is through hind sight. When we see prices start to go back up we will know for sure where the bottom was. It does look like we are at, or near, the bottom of the market right now. If you believe in the old investor adage, buy low sell high, then the next 5 years should be a good time to invest. Those who wait too long will find themselves on the other side of the curve facing rising prices and rising interest rates. How long will be too long?
New 2013 Property Tax Assessments Are Out
What does this mean? Not much really, but it might be a shock to some home buyers when they find out the tax assessment on the house they want to buy is lower than the fair market value is. Likewise, sellers are not going to be happy with finding out their assessments have gone down while their property tax payments have not gone down. Dare & Currituck Counties only assess the real estate tax values every 8 years and the last time was at the height of the real estate boom. So, for the past 8 years the property tax assessments were higher than homes were selling for, which gave buyers a sense of increased value. Now that the property tax assessments have been readjusted, it doesn't look like properties are such a great deal. But, the property tax assessment does not have any bearing on the market value of a property. The tax assessment only influences how much property tax is levied against a property. A low tax assessment can be a good thing.
THE BANKS ARE NOT CLOSED
THE BANKS ARE MAKING LOANS. The banks are making home loans the way they used to and the way they should be making home loans. If you have a down payment, good credit and can afford the mortgage payments, then you can buy whatever you want at incredibly low interest rates. Just make sure the home will appraise because there are a lot of overpriced houses out there that will not appraise.
TOTAL SOLD RESIDENTIAL UNITS
Outer Banks NC Association of REALTORS MLS
- 2013 Median Price $299,000 - Total Units Sold 1,295
- 2012 Median Price $312,750 - Total Units Sold 1,324
- 2011 Median Price $280,000 - Total Units Sold 1,181
- 2010 Median Price $310,000 - Total Units Sold 1,299
- 2009 Median Price $295,000 - Total Units Sold 1,120
- 2008 Median Price $335,000 - Total Units Sold 1,043
- 2007 Median Price $365,000 - Total Units Sold 1,226
- 2006 Median Price $395,000 - Total Units Sold 1,235
- 2005 Median Price $427,000 - Total Units Sold 2,082
- 2004 Median Price $386,000 - Total Units Sold 2,348
- 2003 Median Price $325,000 - Total Units Sold 1,952
- 2002 Median Price $290,000 - Total Units Sold 1,971
- 2001 Median Price $205,000 - Total Units Sold 1,648
- 2000 Median Price $185,000 - Total Units Sold 1,498
The 2013 Sold Statistics from the OBX MLS are here. The past year saw a decline in both the median price (-4%) and the number of units sold (-2.5%) on the OBX beaches. It looks like the highs and lows are leveling off and the market is trying to stabilize. In the past 5 years the OBX MLS has been averaging 1,243 sold residential units per year with a high of 1,324 units sold last year and a low of 1,120 units sold in 2009.
When the OBX real estate market was in the process of recovering from the 90's recession, the market saw some years of decline followed by a stabilization period that lasted for 5+- years, before any sign of price increase started to show up. Then the OBX market went through another 5+- years of gradual price increase before we saw the crazy price increases of the 2005 boom. It looks like the market here on the OBX has reached the low plateau before prices start to move up, and it should stay fairly level for some time before we see any noticeable increase in property values. Now, is what is commonly referred to as ' the bottom'. There are some localized areas where the decline is still occurring and then there are areas like Duck, where prices are already going back up.
These sales numbers reflect the residential sales on the Dare & Currituck County beaches. The sales numbers do not included the inland counties serviced by the Outer Banks Association of Realtors. Residential properties include homes, condos and townhouses.
Drive By List of Properties For Sale
The reason that there is so much inventory available on the OBX is because there were a lot of sellers who were waiting for the prices to reach the peak before selling. Once the real estate prices reached the peak in 2005 all of these sellers decided they were ready to sell and have flooded the market. A lot of homes for sale on the Outer Banks are for sale by sellers who don't need to sell and refuse to adjust their price for today's real estate market. In reality they are not for sale.
With enough sellers wanting to sell it means shopping for real estate is a lot easier now than it was in 2005. There are more houses for buyers to choose from which means sellers will have to fix things that they wouldn't fix 2 years ago and buyers can shop for the perfect home without the fear of losing it to someone else. The sellers have to compete for the limited number of buyers.
The difficult part of a real estate transaction used to be getting the financing. Not any more! There is plenty of money being lent to people with good credit but everything has to be just right. Appraisals are getting easier and lender requirements are getting easing up some. For those with the ability to make it happen, now is a good time to start investigating a real estate purchase.
Let us set you up with a map and a list of properties that are for sale and then you can leisurely drive around and see if there is anything that might interest you. It is also a good way to learn the different neighborhoods. After all, the Outer Banks does cover an 80 mile skinny stretch of northeastern NC. Call local 252-441-3416 or toll free 800-647-1868
Plan Your Trip to Meet Your Needs
Now that the summer tourist season is here it has become harder to look at homes for sale. Vacation beach houses are likely to have renters in them so the only time they are available to see is between 10am and 2pm on checkout day. more
Traditionally, spring is the busiest time of the year for real estate sales on the Outer Banks. Spring is also the time to get your foot in the door and have all of the prepaid rental reservation money refunded to you at closing. more
In the fall the sellers have collected all of the summer's rental income. There will be no more rental income until next year and no help paying the bills over the winter. This is when a seller is in their best position to make a deal. more
Shopping for real estate is fairly easy in the winter. The hotels and motels are all empty all over the OBX so you can come and go as you please. All of the rental houses are vacant so you can look at them without having to worry about vacationers not letting us in. more
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Errors and Omissions Insurance
We have it, does your agent? It is hard to believe some realty companies do not carry Errors & Omissions Insurance. Don't purchase your home or land from an agent who does not have it. This is just one more reason why our clients keep coming back.
1031 REALTY EXCHANGE
Avoid the capital gains tax and the 25% depreciation recapture tax by utilizing the IRS code 1031 Tax Deferred (Starker) Exchange. Swap investment land, condos or homes for any kind of investment property within 6 months. Call Greg at 252-441-3416 for details.
Contrary to what many people think, it DOES NOT COST ANYTHING to have an agent work for you in North Carolina. We get paid by commission from the sale. All of the sellers in the Outer Banks Association of REALTORS MLS have agreed to pay that commission to us, regardless of what company has the property for sale. This is what you can expect:
- We will not make you sign any commitment, long term or short.
- NC Buyer Agency DOES NOT require a contract.
- If you find yourself only looking at houses with your agent’s company’s signs, be careful. Chances are that agent is not working for you.
- We will show you only properties that fit your requirements. There are over 4000 different pieces of real estate for sale on the Outer Banks right now. One of them is just right for you.
- We will use our MLS computer capabilities to search for all of the properties that fit your needs.
- We will provide you with information about the SOLD houses that are comparable to what you are considering. How else can you decide how much to offer?
- We will negotiate on your behalf to get the best possible price.
Questions about selling? Don't listen to the doom and gloom stories that are going around. Once you understand how the absorption rate affects sales and see what advertising we provide and where we will put your property on the internet, you will see that now is still a good time for sellers even if you are selling out of state.
Just curious? Sign up to find out Your Home's Value, complimentary of course, or call 252-441-3416 and learn the fair market value of your property.
Helping YOU buy or sell real estate on the Outer Banks (OBX) of NC.