Posts from — June 2009

The Outer Banks housing market is beginning to show signs of positive growth.  In April there were a total of 150 properties that went into an “Under Contract” status, according to the Outer Banks Association of Realtors.  This compares favorably to one year earlier, April 2008, when we saw 159 properties go “Under Contract”.  While we are still tracking behind last year’s numbers, this is the closest we’ve been, month over month, in a long time. 

In fact, the Outer Banks has shown five continuous months of increases in homes going under contract.  Which makes this is the first time since early 2005 that we’ve seen five months of continuous increases in sales agreements. 

With this trend we expect to see continued improvements in the numbers of buyers coming off of the sidelines and purchasing homes.  This will result in a continued shrinking of inventory and the eventual increase in values. 

To learn more, contact sales@seasiderealty.com.

 Are you interested in buying a home in the Outer Banks, but are unsure of how to proceed?  If you are looking for a no pressure way to learn about buying a home in the Outer Banks, visit our weekly Homebuyers Seminar.  The seminar is being held weekly throughout the summer.  

     Come spend an hour, and learn about investment opportunities in the Outer Banks.  Two seminars will be offered weekly.  The Wednesday seminar will be held in the Kitty Hawk office of Seaside Vacations.  The Corolla seminar is being held on Thursday’s in the Corolla offices of Seaside Vacations.  Come on in, and learn about the benefits of buying a vacation or investment home in the Outer Banks.  

 Some Topics the Homebuyers Seminar will cover:

Today’s Outer Banks real estate market

Difference between short sale, foreclosure and bank owned

Steps in buying a vacation or investment home

Insuring your Outer Banks home

Managing your Outer Banks investment

Costs associated with owning a beach home.

**Just Added**: Buying a bank owned home or short sale  

Weekly Outer Banks Homebuyers Seminar

When: Every Wednesday in the Kitty Hawk offices of Seaside Vacations

           Seaside Kitty Hawk Office is located at 4820 N. Croatan Highway, Kitty Hawk NC 27949 

           Every Thursday in the Corolla office of Seaside Vacations

           Seaside Vacations Corolla office is located at 1070 D Ocean Trail, Corolla NC 27929

Time: 10 am.  

Who: Seminar is open to anyone who is interested in buying in the Outer Banks.

For Additional Information: Kevin O’Brien – 252 489 3706 – Kevin@seasiderealty.com