Shore Realty Outer Banks Real Estate Sales

New OBX Listings

Below are all of the properties recently listed for sale with the OBAR MLS. This list is updated hourly so check back often.


25205 Wimble Shores North,Waves

Great lot located in the heart of Waves. Look across NC 12, and you are facing the sound, walk to the end of Wimble Shores North to reach the ocean.


0 NC 12 Highway,Waves

Great corner lot located in the heart of Waves. Look across NC 12, and you are facing the sound, walk to the end of Wimble Shores North to reach the


1272 Still Water Court,Corolla

Every wish granted! 4-bedrooms, a gameroom, a private pool, furniture allowance, hardwood floors, gourmet kitchen- it's all here! Construction will be


1509 Ketch Lane,Kill Devil Hills

A great neighborhood, a great house, single story living on a non-navigable canal. A fenced back yard that is landscaped and some lovely live oak tre


50189 Treasure Court,Frisco

Affordable Canalfront in Beautiful Brigands Bay!!!


700 W First Street,Kill Devil Hills

Starter condo in need of some upgrades. Ground floor level condo with lots of potential. At this price you can put your own stamp on this sought after


53229 Runboat Circle,Frisco

Very well maintained Oceanside cottage in an established subdivision. View of ocean from 2nd floor deck. Short walk to beach. Close to shops & restau


1715 Soble Drive,Kill Devil Hills

Located just two blocks from the Ocean in Kill Devil Hills (in between the highways/Oceanside!) on a quiet dead-end street, this is a Classic OBX cott


26123 Turtle Court,Salvo

26123 Turtle Ct, Salvo NC- This 6 bedroom 5.5 bath semi-soundfront home offers spectacular views of the Pamilco Sound and sits on a large 20,000 sq ft


6916 S Virginia Dare Trail,NAGS HEAD

The minute you walk in the door at "Graham Slam" you'll know you've hit a home run! Its ocean & sound views will amaze you, & the great semi-oceanfron


120 The Winery,Manteo

Beautiful wooded lot in desirable Mother Vineyard community close to schools and downtown Manteo. For additional privacy, the lot borders to vacant l


405 Burns Drive,Kill Devil Hills

Better than NEW home, with bamboo hardwood flooring in great room and hallway. Kitchen has stainless steel appliances, pantry with ceramic tile floor


58901 South Beach Drive,Hatteras

Gorgeous Oceanfront in one of Hatteras' Finest Exclusive Communities! Situated at the southern tip of Hatteras Island this three level retreat offers


205 Harbour Road,Kill Devil Hills

Soundside Neighborhood. A "secret spot" off the beaten path, but a few minutes to the Ocean too. MAKE AN OFFER and call your BUILDER today on this WA


1522 Dogwood Lane,Kill Devil Hills

FABULOUS HOME IN FIRST FLIGHT VILLAGE - HAS BEEN A SECOND HOME & RARELY USED ... IN GREAT CONDITION WITH VERY FUNCTIONAL & VERY OPEN FLOOR PLAN *** HO


2805 Lost Colony Drive,Nags Head

Don't miss this beautiful home nestled among the trees in a quiet Nags Head neighborhood. Nice open floorpan with cathedral ceilings and lots of windo


1416 Hill Street,Kill Devil Hills

New construction for opportunity to own the best in upgrades, location and design. This home is "To be Built" and will be constructed by the builder i


1409 Hill Street,Kill Devil Hills

New construction for opportunity to own the best in upgrades, location and design. This home is "To be Built" and will be constructed by the builder i


110 Finch Street,Nags Head

Island Dream is a perfect beach getaway. The home can be described as "charming" with it's new exterior paint colors; "classy" with the interior custo


10247A Loon Court,Nags Head

On the south end of Old Oregon Inlet things really quiet down... and even though the name suggests differently, Loonie Bin is the quaint and quiet hom


1350 Duck Road,Duck

CRAFTSMAN HOME WITH A BEAUTIFUL SANDY BEACH TO WATCH THE SUNSETS OVER THE SOUND FROM. This custom craftsman cottage has so many quality touches. It ha


1418 Hill Street,Kill Devil Hills

New construction for opportunity to own the best in upgrades, location and design. This home is "To be Built" and will be constructed by the builder i


1414 Hill Street,Kill Devil Hills

New construction for opportunity to own the best in upgrades, location and design. This home is "To be Built" and will be constructed by the builder i


4905 S Virginia Dare Trail,Nags Head

Great views! Compare the view to the other units in the Quay. Nice and private with custom storm shutters. A solid rental performer in great condition


1407 Hill Street,Kill Devil Hills

New construction for opportunity to own the best in upgrades, location and design. This home is "To be Built" and will be constructed by the builder i


1412 Hill Street,Kill Devil Hills

Almost finished! Come on out and preview. This home will impress you enough to come back with your buyers! New construction for opportunity to own the


555 Trolling Lane,Corolla

These are the original owners! Years ago, they had the home in a vacation rental program for several years, but removed it because they didn't like t


151 Sound Sea Avenue,DUCK

You must see this ADORABLE SEMI-OCEANFRONT Beach Cottage. You are just steps from the Ocean with direct beach access. You have magnificent Ocean Vie


807 W Durham Street,Kill Devil Hills

THIS IS PRICED TO SELL!!!! Listed BELOW recent appraisal report. Situated behind a magnificent live oak tree, you will find this spacious One Owner


107 E Barnes Street,NAGS HEAD

Beautiful corner lot "between the highways" with mature live oaks and great elevation. This homesite is located in an "X FLOOD ZONE" so no flood insu


Helping People Buy And Sell Homes on the Outer Banks

View of Outer Banks oceanfront with sand fence along a path

Search Outer Banks MLS real estate


 

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.

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 home, a retirement home 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 ocean 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.

Has the OBX Real Estate Market Reached the Bottom?

Probably!!! The only way we will 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. Overall, 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 areas across the Outer Banks, 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.

Owners

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!

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.

Sold Statistics

TOTAL SOLD RESIDENTIAL UNITS
Outer Banks NC Association of REALTORS MLS

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 have 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 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

 

Summer Real Estate Season

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

Spring Real Estate Season

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

Fall Real Estate Season

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

Winter Real Estate Season

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

Special Offers

HOME WARRANTY

Check out the advantages of a home warranty.

NEW LISTING NOTIFIER

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.

A WORD ABOUT BUYER AGENCY
FREE !

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:

SELLER INFORMATION

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.

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