New OBX Listings
23219 Sea Oats Drive,Rodanthe
Easy beach access is only 4 lots away. The house is so close to the beach you can watch the dolphins and the Ã¢Â€ÂœNights in RodantheÃ¢Â€Â house is just outside the kitchen window. Take in a breathtaking sunrise or sunset from the wraparound decks with ocean and sound views. Stow your gear in the large lockable storage area under the first floor, 6 person hot tub, a furnished screened porch, basketball goal, and covered charcoal grill. For more information : http://www.surforsound.com/propert
112 Ballast Point Drive,Manteo
This 4 bedroom, 3 bath home offers spectacular sound and canal views from every room in the house! Used only as a second home and never rented, this home has been well maintained. Features include: 30' boat slip right behind the house*gas fireplace with tile surround*master bedroom with seating area & walk-in closet*Master bath with double vanity, stand up shower and jet tub*Dry entry*huge storage area*2014 interior paint*2012 new refrigerator*2011 exterior paint*2007 HVAC's*2005 installed sto
123 Brakewood Road,Manteo
Extremely well maintained Brakewood home and yard. Shows beautifully! Fantastic layout with Master downstairs and 2 bedrooms up. Open concept living kitchen dining. Large closets. Hardwood floors throughout downstairs with carpet upstairs. Large laundry with new hot water heater, washer and dryer that have not had well water run through them and convey. Garage has so much storage and huge space above that could be finished....Have to check out the "man cave" with stained concrete split unit
0 Edenton Street,Kill Devil Hills
Affordable site to build your cottage on the Outer Banks. Located just a short walk from the Avalon Soundside boat ramp and access. Enjoy beautiful sunsets on the pier. Launch your boat for a great day in Kitty Hawk Bay!
108 Beachcomber Court,Duck
Four Seasons in Duck: To be built. You will love the location of this homesite with a direct walkway to the beach and just across from the indoor facility. Imagine spending you summer at the beach in Four Seasons. The site offers privacy with lush surroundings! This exceptional community offers an impressive amount of amenities. Clubhouse, indoor and outdoor pools, fitness facility, game room, tennis course, a basketball court, sidewalks that meander thru the neighborhood and lead to the beach,
978 Corolla Drive,Corolla
OVER 10% GRR ON THIS POTENTIAL SHORT SALE OPPORTUNITY! "The Beach Club" offers spectacular ocean to sound views from one of the highest decks in Whalehead! *Per sellers, all 3 exterior Heat Pumps replaced 2 Years Ago as well as a Refrigerator and one Dishwasher* Keep everyone entertained on the 1/2 acre lot with putting green, basketball goal, volleyball court, children's wooden play set, private pool (16'x35'), and 6 person hot tub! Let the kids play with games or toys while you prepare you
1523 N Croatan Highway,Kill Devil Hills
The best new construction home on the market!...between the highways location at westside prices!...sits on a 15,000 sq. ft. homesite (1/3 acre)Ã¢Â€Â¦twice the size of most KDH homesites!...Ground level over 10 feet!...Designated area for a pool!...Ancient live oak grove creates a park like settingÃ¢Â€Â¦just two blocks down 1st Street to the beachÃ¢Â€Â¦Perfect central location!...ideal for primary, 2nd home or vacation rentalÃ¢Â€Â¦$17,000 rental projection! Low maintenance vinyl siding!...Archi
923 Pirates Way,Manteo
Immaculate Condo in Pirate's Cove. This 2BR, 2BA SOUNDFRONT condo enjoys a prime location and includes an open floorplan, gas fireplace, master bath with CERAMIC TILE shower and GRANITE countertops and ceramic tile FLOORING in kitchen and baths. Sold Furnished, this property's quality indoor/outdoor furniture enhance its value not to mention the incredible water views. Over 1,000 HSF, this investment property boasts a NEW HVAC system and has received meticulous care from its owners. Nestled
424 Colington Drive,Kill Devil Hills
Very High Ground lot in Colington Harbour. Extra Large property..approximately 15,000 square feet. Mostly X flood zone, some AE at the front of the property. More photos coming soon
303 Quail Lane,Kill Devil Hills
9,000 + square foot homesite in the heart of Kill Devil Hills!...Close to schools, shopping, restaurants and Nags Head Woods!..."X" Flood Zone!...no flood insurance required!...Perfect for primary or 2nd home!...or upscale spec home!...Current survey and site evaluation available!...Lightly wooded...pick and choose the best ones...minimal site work to build! Excellent location, value and price!
937 Third Street,Manteo
Great lot with mature trees. The lot is in an X flood zone, so no flood insurance required. The water tap has been paid to avoid the $2500 water impact fee.
422 Colington Drive,Kill Devil Hills
Very High Ground interior lot in Colington Harbour. Very large property, over 15,000 sq feet. Buy and build on top of the hill....should have some views. More Photos coming soon!
160 Ocean Way,Duck
Gorgeous 7 bedroom Oceanfront in Duck! Great Location! Nice open floor plan, 7 bedroom and 7.5 baths, rec room, mid level den, pool, hot tub, ocean views, stable dune and beach. Everything you could ask for in a beach property. Rents are consistent with repeat renters. Built in 2001 by Olin Finch, owner has taken great care of this property. Fully furnished and rental ready. This is a family friendly rental home with a great floor plan. Home is located in the heart of Duck close to everythi
426 Colington Drive,Kill Devil Hills
Very High Ground lot in Colington Harbour. Extra Large property..approximately 15,000 square feet. Mostly X flood zone, some AE at the front of the property. More photos coming soon.
417 Helga Street,Kill Devil Hills
Bring Offers! Location is the key with this property along with 4 bdrms (3 bdrms have full baths). The Master Suite covers the entire upstairs with full bath, walk-in closet and private sun deck. 2 Guest Bdrms on Mainfloor with full bath and a 1/2 bath. 1 Guest room with private bath on groundfloor and private entrance. Gas Fireplace. Pantry. Recess lighting. Dining room. All appliances convey. If desired furnishings can convey. Garage with dry entry. Wrap around front porch. Walk or bike
2010 S Virginia Dare Trail,Kill Devil Hills
Immaculate and well furnished 3 bedroom, 2 bath condo in the heart of Kill Devil Hills elevated building, first floor location with parking and storage at ground level. Nice quality structure which has been well maintained by a very proactive group of homeowners. Building features a sprinkler system, elevator, nice finished entryways, exterior storage closets for each owner as well as dedicated parking both under building and in the outdoor parking. The interior of this home is warm and invit
3638 S Virginia Dare Trail,Nags Head
This Outstanding Semi-Oceanfront Home is Very Spacious & Loaded w/Amenities. Situated between the Atlantic Ocean & Jockey's Ridge State Park (the East Coasts Largest Sand Dune), enjoy the awesome ocean views and views of Jockey's Ridge, cool ocean breezes, & magnificent sunsets. The Beach is Just Steps Away w/Public Access (100 Ft. Across Beach Road). Features include 5 large master suites, 4 with jacuzzi tubs, 2 Ships Watch, gas fireplace, pool, hot tub, large game room with pool table and wet
50085 Timber Trail,Frisco
Nice Canal front! Quiet and peaceful setting overlooking canal. Wood laminate floors in kitchen. Island counter w/ lots of storage. Open living room with sliders going to canal front deck. Canal views from most rooms in the house. Master bedroom w walk in closet. Bonus room on third floor could be media room or home office. Cathedral ceilings in living room. Large concrete carport area. Partially landscaped. This could be a great spot to call home or a your get a away place at the beach. Come se
936 Whalehead Drive,Corolla
What a house! This home has it all. HUGE game room on the ground floor with wet bar and refrigerator. Nice sitting area, 2 bedrooms and full bath on the ground floor. Large outdoor pool with all day sun. The second floor has 4 more bedrooms and a tv room. Top floor master bedroom with very large and OPEN living room with dining area, countertop bar and full kitchen. Enjoy a screened porch on the back of the home and volleyball area. Wide open sun decks with lots of seating and very nice
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, land, condos and homes 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
Worried about the cean rising up and consuming the OBX? How long before the OBX washes away? Here is an article with some details about the Rising Seal Levels on the Outer Banks.
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 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. Looking at the market broken down into the many different geographical area,s we see some of the micro markets on the OBX already starting to increase in value. Not much increase, but the downward spiral is ending.
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, if you would like to see the same statistics for different OBX geographic locations dating back to 2004, CLICK HERE Sold Statistics Archive . 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 such as Corolla, where the decline is still occurring and then there are areas right next door like Duck, where prices are already started 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
Check out the advantages of a home warranty.
Receive automatic email updates when new homes come up for sale.
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.