9 Questions to Ask Your Home Inspector

home-inspection

The following post comes from Coldwell Banker Vanguard Realty, Inc. agent, Kim Knapp. Kim is an experienced agent in Northern Florida and has a great team who has worked with countless first-time home buyers. Below is Kim’s list of questions you should ask your home inspector before agreeing to use them.

Before you make your final buying or selling decision, you should have the home inspected by a professional. An inspection can alert you to potential problems with a property and allow you to make an informed decision. Ask these questions to prospective home inspectors:

1. Will your inspection meet recognized standards?

Ask whether the inspection and the inspection report will meet all state requirements and comply with a well-recognized standard of practice and code of ethics, such as the one adopted by the American Society of Home Inspectors or the National Association of Home Inspectors. Customers can view each group’s standards of practice and code of ethics online at www.ashi.org or www.nahi.org. ASHI’s Web site also provides a database of state regulations.

2. Do you belong to a professional home inspector association?

There are many state and national associations for home inspectors, including the two groups mentioned in No. 1. Unfortunately, some groups confer questionable credentials or certifications in return for nothing more than a fee. Insist on members of reputable, nonprofit trade organizations; request to see a membership ID.

3. How experienced are you?

Ask how long inspectors have been in the profession and how many inspections they’ve completed. They should provide customer referrals on request. New inspectors also may be highly qualified, but they should describe their training and let you know whether they plan to work with a more experienced partner.

4. How do you keep your expertise up to date?

Inspectors’ commitment to continuing education is a good measure of their professionalism and service. Advanced knowledge is especially important in cases in which a home is older or includes unique elements requiring additional or updated training.

5. Do you focus on residential inspection?

Make sure the inspector has training and experience in the unique discipline of home inspection, which is very different from inspecting commercial buildings or a construction site. If your customers are buying a unique property, such as a historic home, they may want to ask whether the inspector has experience with that type of property in particular.

6. How long will the inspection take?

On average, an inspector working alone inspects a typical single-family house in two to three hours; anything significantly less may not be thorough. If your customers are purchasing an especially large property, they may want to ask whether additional inspectors will be brought in.

7. What’s the cost?

Costs can vary dramatically, depending on your region, the size and age of the house, and the scope of services. The national average for single-family homes is about $320, but customers with large homes can expect to pay more. Customers should be wary of deals that seem too good to be true.

8. What type of inspection report do you provide?

Ask to see samples to determine whether you will understand the inspector’s reporting style. Also, most inspectors provide their full report within 24 hours of the inspection.

9. Will I be able to attend the inspection?

The answer should be yes. A home inspection is a valuable educational opportunity for the buyer. An inspector’s refusal to let the buyer attend should raise a red flag.

Local real estate sales continue an upward trend « The Outer Banks Voice

With real estate sales continuing to rise, Coldwell Banker Seaside Realty certainly can attest to this trend. Our agents hit the $100 Million mark in ytd sales last month! Way to go agents, your hard work has not gone unnnoticed!

Local real estate sales continue an upward trend « The Outer Banks Voice.

Coldwell Banker Seaside is the Best Real Estate Company on the Outer Banks!

The results are in!  Check out the winners of the Max Radio/OBX Voice 2012 Best of the Beach Contest!

At Coldwell Banker Seaside our agents know the true meaning of customer service and go above and beyond when representing clients.  We strive to be the best at all times and are excited that we have won the first annual Outer Banks Voice Best of the Beach contest! Thank you OBX for voting us as your #1 Real Estate Company!

Outer Banks Restaurants Featured on The Food Network

Have you ever been flipping channels around 10pm  and come across Guy Fieri and his show “Diners, Drive-ins and Dives”?  Watch for 5 minutes, your mouth will be watering and you will inevitably hit the refrigerator before bed!

Well Guy made a visit to the Outer Banks recently. Some favorite local restaurants will be featured on his show airing November 5th on the Food Network.  Click here for more details.  You won’t want to miss it!

 

3rd Quarter OBX Real Estate Report 2012

The third quarter has past and the Outer Banks Real Estate Market is still showing signs of strength.  Check out The OBX Report – Q3 2012 or see the highlights below for latest stats on the area from Coldwell Banker Seaside Realty.

MLS Area Stats

Summary – As we head into the fall sales season, sales are looking pretty good. Year-to-date overall sales are up 20% with

lots/land listings leading the way (up 42%) and residential property sales up 15%. Listings being placed in an under contract status have fallen off as expected for this time of the year; however, the year-to-date under contract numbers are still showing a significant rise over 2011 numbers.

YTD Sales (through Sept 30th)

  • Overall – up 20% (1547 units vs 1292 units)
  • Residential – Up 15% (1059 units vs 935 units)
  • Land – Up 44% (299 units vs 207 units)
  • Commercial – No Change (19 units vs 19 units)

 YTD Under Contract

  • Overall – up 22% (1249 units vs 1292 units)
  • Residential – up 16% (1378 units vs 1189 units)
  • Land – Up 49% (339 units vs 227 units)
  • Commercial – Up 26% (24 units vs 19 units)

 Year to Date Sales Data, a review of the year-to-date data the best selling residential properties fell into the $200K to $299K range. These properties had an average days on the market of 220 days.

Price Range

$0 – $99K

$100K-$199K

$200K-$299K

$300K-$399K

$400K-$499K

$500K-$599K

$600K-$799K

$800K-$999K

≥1M

Units Sold

88

251

329

193

124

66

72

41

42

Average Days on Market

243

182

207

249

282

277

174

198

194

Inventory – Active inventory remained relatively stable in September with the active inventory rising by less than 1 percent. However, inventory is still 24% of what inventory levels were in September 2009.

Active residential listings fall in the following price ranges:

Price Range Number of Listings Average Days on Market Price Range Number of Listings Average Days on Market
$1 – $99,999 68 291 $600K – $699K 114 245
$100K – $199K 250 250 $700K – $799K 50 376
$200K – $299K 370 231 $800K-$899K 50 209
$300K – $399K 317 236 $900K-$999K 39 218
$400K – $499K 224 252 >$1M 148 376
$500K – $599K 179 316      

Top Outer Banks Realtors Optimistic About the OBX Real Estate Market

Outer Banks Voice Real Estate Roundtable

Outer Banks Voice Real Estate Roundtable

We’ve been discussing the positive news for the Outer Banks real estate market since the beginning of 2012. Take a peek at our monthly OBX real estate update, The Seaside Report, for a look back at 2012 so far.

It’s been a time of cautious optimism. But as we stretch into August, and the positive numbers continue to accumulate, it leaves us to wonder, should we drop the caution and just be optimistic?

The Outer Banks Voice recently sat down with a focus group of four of the top Realtors on the Outer Banks to gauge their optimism and see if this “turn around” can be maintained.

I’ll let you read the full article for all the details, but I’ll pull out a few highlights.

  • Focus Group:
    1. Pamela Smith, vice president of sales at Coldwell Banker Seaside Realty
    2. Richard Hess, vice president of sales at Sun Realty
    3. David Perrot, owner and broker at RE/MAX Ocean Realty
    4. Danny Couch of Hatteras Realty
  • Spoiler Alert: Their optimism is still a bit cautious, but it is gaining strength.
  • Research tells us that prices for OBX real estate now make sense, and interest rates are at historic lows.
  • There is a bit of frustration with strict loan processes, but the word from this panel of experts is simple: You can own an Outer Banks home at unheard-of low prices and interest rates.
  • However, expect a lot of documentation, and don’t come to play unless you are armed with good credit, verifiable income, cash down payments and most important, a local mortgage lender who has pre-qualified you before your search begins.
  • Smith says she is now seeing properties netting multiple offers from buyers, something newer agents have never experienced.
  • Price appreciation locally is now a reality.
  • The reality is that Outer Banks real estate is an investment where the price has decreased 40 percent or more, but the cash flow from rents has stayed the same or even increased over the same time period.
  • The cash flow for an investment house makes far more sense in 2012 than it did in 2006 given the historically low list prices and interest rates.

So, is the Outer Banks real estate market in a recover phase? As the Magic 8-ball says, all signs point to yes. :)

If you want more info about this great OBX real estate market, please take a look at our website at: www.ColdwellBankerOBX.com.

2nd Quarter OBX Real Estate Update: The Seaside Report – 7.20.12

July 20th? Already?! 2012 is flying by!

As they say, “time flies when you’re having fun,” and the OBX real estate market has been tons of fun in 2012. Yes, actual fun. In real estate.

The real estate industry has been publicly beaten down for the past few years, but we are happy to report that 2012 is officially breaking those downtrodden trends here on the Outer Banks.

We are happy to report that the strong growth in 2012 continues, but before I jump into the numbers, here’s a quick reminder about what The Seaside Report is

We have combined the forces of both sides of our business – Outer Banks real estate sales with Coldwell Banker Seaside Realty & OBX vacation rentals with Seaside Vacations – to bring you the first report to offer a comprehensive view of the OBX real estate market – real estate sales & vacation rentals.

With the formalities out of the way, check out these results for May 2012…

Let’s start with a few quick highlights, and then I’ll dig into the numbers a little deeper.

Outer Banks Real Estate Sales
(Data Source: OBAR)

Here are a few highlights from the first 6 months of 2012 compared to the first six months of 2011:

  • Unit sales are up
  • Volume is up
  • Average sale slightly down ($321,073 compared to $340,349 last year)
  • Active inventory down 3%, which is a good sign!

Year to Date Sales

  • Overall – up 19% (1047 units vs 880 units)
  • Residential – Up 16% (813 units vs 703 units)
  • Land – Up 39% (225 units vs 162 units)
  • Commercial – up 7% (16 units vs 15 units)

Year to Date Under Contract

  • Overall – up 17% (1172 units vs 1003 units)
  • Residential – up 12% (920 units vs 823 units)
  • Land – Up 41% (237 units vs 168 units)
  • Commercial – Up 25% (15 units vs 12 units)

Inventory

  • Total number of properties available in active inventory has taken a 4% decline compared with June 2011.
  • Active residential listings declined by 7%
  • Active commercial properties declined by 22%.
  • Active land listings has increased by 5%.

Distressed Property (Residential)

  • Distressed property sales contributed 25% to the total number of sales in June
  • Short Sales made up 9%
  • Bank Owned made up 16%

Oceanfront homes have seen a slight increase in sales and price point.  As of the end of June, there have been  67 oceanfront homes sold YTD compared to 59 last year, and the good news is that the average price has increased to $995,105 compared to last year when it was $881,030.

We’ve also seen an increase in condo sales, in particular oceanfront condos.  28 OF condos sold as of the end of June compared to only 7 last year at this point.  Another positive sign is that only 7 were cash transactions which indicates the financing obstacles on condos that we’ve experienced over the past few years may be behind us.

Land sales are up!  YTD there have been 225 land sales compared with 162 last year – a 38% increase in units.  Median sales price on land this year is $65,500 which is down from the $87,225 from last year.

Pretty great 6-month performance for the OBX real estate market. Now let’s dig into Q2.

Top 5 Outer Banks Real Estate Firms – 2012 Year to Date

Rank

Firm

Volume

1

Coldwell Banker-Seaside – KH

$64,473,875

2

RE/MAX Ocean Realty – KDH

$57,832,472

3

Sun Realty – KDH

$41,857,200

4

Village Realty – NH

$37,778,705

5

Twiddy & Co. – Duck

$35,077,500


Outer Banks Vacation Rental Market 

(Data Source: NAVIS GeoAnalytics)

Average Booking Window
Legend: 2011;  2012

This graph demonstrates the average number of days between booking and check-in date. This graph is summarized by month of booking, rather than month of stay.

For example, the reservations made at this time of year are about 80 days in advance of their check-in date. This booking window increased by 10 days from May. As we move through the summer months, and guests start planning their Outer Banks vacations to enjoy the gorgeous OBX fall (my favorite time of year on the OBX :) ), we’re seeing a slight increase in the booking window. This is consistent with the 2011 numbers.

The takeaway message is that guests should start to plan their fall getaways now to make sure they get the house and location they are looking for.

The Seaside Report: Average Booking Window - June 2012The Seaside Report: Average Booking Window – June 2012

The Seaside Report: Average Booking Window - YoY Variance - June 2012The Seaside Report: Average Booking Window – YoY Variance – June 2012

Average Length of Stay
Legend: 2011;  2012

The Length of Stay graph illustrates the average number of days between check-in date and check-out date of reservations, summarized by check-in month.

As would be expected for the Outer Banks, the average stay is about seven days for the summer months and varies in the shoulder season.

A strong takeaway here is that full weeks are a must for the summer months, but Spring and Fall offer great opportunities for shorter stays and discounted rates, while maintaining the great benefits of gorgeous weather, empty beaches, and ample attractions and activities.

The Seaside Report: Average Length of Stay - June 2012The Seaside Report: Average Length of Stay – June 2012

The Seaside Report: Average Length of Stay - YoY Variance - June 2012The Seaside Report: Average Length of Stay – YoY Variance – June 2012

Average Stay Value
Legend: 2011;  2012

The Stay Value graph illustrates the average revenue actualized or projected for reservations, summarized by check-in month.

The clear message with this graph is that demand is high and supply is low during the summer months, and as a result, prices are driven higher during the summer months. As mentioned above, Spring and Fall offer great opportunities for shorter stays and discounted rates, while maintaining the great benefits of gorgeous weather, empty beaches, and ample attractions and activities.

July is the clear peak, and prices begin to fall towards the end of August – when kids go back to school.

It is interesting to note that the stay values are slightly higher for 2012 compared to 2011. This seems to signal that discounts are less likely for 2012. October dips a bit right now, but there is plenty of time for that stay value to recover leading up to October, and November and December are already very strong.

The Seaside Report: Average Stay Value - June 2012The Seaside Report: Average Stay Value – June 2012

The Seaside Report: Average Length of Stay - YoY Variance - June 2012The Seaside Report: Average Length of Stay – YoY Variance – June 2012

Bookings
Legend: 2011;  2012

The Bookings graph illustrates the number of reservations actualized or on the books, summarized by check-in month.

This graph gives a good view of the “strength” of the reservations over the previous year. Reservations are up, which indicates that early reservations are wise and prices should remain constant.

A couple points of interest; June was very strong over last year (+26%), but July is slightly under-performing in comparison to 2011 (-16%). We still have a few weeks of last-minute bookings to catch-up with July; so this will be an interesting result next month.

In general, bookings usually increase right up to the summer check-in days as last minute vacationers scramble to find available homes. July bookings should catch-up, and we should continue to see a strong growth in the remaining months ahead.

The Seaside Report: Bookings - June 2012The Seaside Report: Bookings – June 2012

The Seaside Report: Bookings - YoY Variance - June 2012The Seaside Report: Bookings – YoY Variance – June 2012

Sign Up for The Seaside Report - OBX Real Estate Update

Sign Up for The Seaside Report - OBX Real Estate Update

May OBX Real Estate Update: The Seaside Report – 6.15.12

Dang, 2012 is off to a great start for the Outer Banks real estate market!

But before I dive into this stellar report, here’s a quick reminder about what The Seaside Report isWe have combined the forces of both sides of our business – Outer Banks real estate sales with Coldwell Banker Seaside Realty & OBX vacation rentals with Seaside Vacations – to bring you the first report to offer a comprehensive view of the OBX real estate market – real estate sales & vacation rentals.

With the formalities out of the way, check out these results for May 2012…

Outer Banks Real Estate Sales
(Data Source: OBAR)

YTD Sales

  • Overall – up 24% (870 units vs 702 units)
  • Residential – Up 18% (664 units vs 561 units)
  • Land – Up 48% (191 units vs 129 units)
  • Commercial – up 25% (15 units vs 12 units)

YTD Under Contract

  • Overall – up 20% (1,002 units vs 834 units)
  • Residential – up 9% (748 units vs 686 units)
  • Land – Up 44% (203 units vs 141 units)
  • Commercial – Up 114% (15 units vs 7 units)

Inventory

  • Overall, inventory has been holding relatively constant with a less than 1% decline
  • Residential property inventory has declined by 5%
  • Commercial inventory has declined by 9%
  • Land inventory has increased by 8%
  • Total sales volume is up 13% over 2011

Distressed Property (Residential)

  • Distressed property sales contributed 28% to the total number of sales in May
    • Short Sales making up 10%
    • Owned making up 18%

Top 5 Outer Banks Real Estate Firms – Year-to-Date through May 2012

Rank

Firm

Volume

1

Coldwell Banker Seaside Realty - KH

$54,546,790

2

RE/MAX Ocean Realty – KDH

$45,890,487

3

Sun Realty – KDH

$33,291,950

4

Midgett Realty – Avon

$29,263,317

5

Village Realty – NH

$28,838,200

 Outer Banks Vacation Rental Market 
(Data Source: NAVIS GeoAnalytics)

Average Booking Window
Legend: 2011;  2012

This graph demonstrates the average number of days between booking and check-in date. This graph is summarized by month of booking, rather than month of stay.

For example, the reservations made at this time of year are about 70 days in advance of their check-in date. This booking window has dropped by 15 days from April. Considering that the summer is the busiest time of year on the Outer Banks, this decline in booking window makes sense. We should continue to see this booking window decline as we approach the summer months.

The takeaway message is that guests should book NOW for summer months in order to reserve the most desirable homes and weeks – at this point,  at least 70 days in advance, but that window is declining every day as we move through the summer months.

The Seaside Report: Average Booking Window - May 2012The Seaside Report: Average Booking Window – May 2012

The Seaside Report: Average Booking Window - YoY Variance - May 2012The Seaside Report: Average Booking Window – YoY Variance – May 2012

Average Length of Stay
Legend: 2011;  2012

The Length of Stay graph illustrates the average number of days between check-in date and check-out date of reservations, summarized by check-in month.

As would be expected for the Outer Banks, the average stay is about seven days for the summer months and varies in the shoulder season.

A strong takeaway here is that full weeks are a must for the summer months, but Spring and Fall offer great opportunities for shorter stays and discounted rates, while maintaining the great benefits of gorgeous weather, empty beaches, and ample attractions and activities.

The Seaside Report: Average Length of Stay - May 2012The Seaside Report: Average Length of Stay – May 2012

The Seaside Report: Average Length of Stay - YoY Variance - May 2012The Seaside Report: Average Length of Stay – YoY Variance – May 2012

Average Stay Value
Legend: 2011;  2012

The Stay Value graph illustrates the average revenue actualized or projected for reservations, summarized by check-in month.

The clear message with this graph is that demand is high and supply is low during the summer months, and as a result, prices are driven higher during the summer months. As mentioned above, Spring and Fall offer great opportunities for shorter stays and discounted rates, while maintaining the great benefits of gorgeous weather, empty beaches, and ample attractions and activities.

July is the clear peak, and prices begin to fall towards the end of August – when kids go back to school.

It is interesting to note that the stay values are slightly higher for 2012 compared to 2011. This seems to signal that discounts are less likely for 2012. October dips a bit right now, but there is plenty of time for that stay value to recover leading up to October.

The Seaside Report: Average Stay Value - May 2012The Seaside Report: Average Stay Value – May 2012

The Seaside Report: Average Length of Stay - YoY Variance - May 2012The Seaside Report: Average Length of Stay – YoY Variance – May 2012

Bookings
Legend: 2011;  2012

The Bookings graph illustrates the number of reservations actualized or on the books, summarized by check-in month.

This graph gives a good view of the “strength” of the reservations over the previous year. Reservations are up, which indicates that early reservations are wise and prices should remain constant.

A couple points of interest; June is very strong over last year (+26%), but July is slightly under-performing in comparison to 2011 (-16%). This will be a trend to keep an eye on. My guess is July will recover with last minute bookings.

In general, bookings usually increase right up to the summer check-in days as last minute vacationers scramble to find available homes. July bookings should catch-up, and we should continue to see a strong growth in the remaining months ahead.

The Seaside Report: Bookings - May 2012The Seaside Report: Bookings – May 2012

The Seaside Report: Bookings - YoY Variance - May 2012The Seaside Report: Bookings – YoY Variance – May 2012

Sign up for The Seaside Report - Outer Banks Real Estate UpdateSign up for The Seaside Report – Outer Banks Real Estate Update

April OBX Real Estate Update: The Seaside Report – 5.17.12

The fourth month of 2012, and the 4th month of The Seaside Report. And I am happy to report that the OBX real estate trends for 2012 are still rosy. 2012 is off to a great start for the Outer Banks real estate market.

But before I jump into the OBX real estate update for April 2012, let’s recap what The Seaside Report is and why we’re offering this monthly report about the Outer Banks real estate market.

As investors, homeowners, and vacationers, we need to understand the full picture of the Outer Banks real estate market to ensure we are making educated decisions, and our hope is that The Seaside Report will help develop this full perspective.

  • The main economic driver on the Outer Banks is real estate, but for years the OBX market has been lacking one report that could offer a full view of the real estate conditions – sales & vacation rentals.
  • To meet the need for a detailed analysis of the current Outer Banks real estate market, including the often ignored, but incredibly important, vacation rental market, we have created the monthly “Seaside Report.”
  • We have combined the forces of both sides of our business – Outer Banks real estate sales with Coldwell Banker Seaside Realty & OBX vacation rentals with Seaside Vacations – to bring you the first report to offer a comprehensive view of the OBX real estate market – real estate sales & vacation rentals.

As always, we appreciate your input, and we encourage you to leave your comments below. We are happy to address any questions you may have, and we are always interested in suggestions for improvement.

Outer Banks Real Estate Sales
(Data Source: OBAR)

Year-to-Date Sales

  • Overall – up 22% (664 units vs 543 units)
  • Residential – Up 14% (500 units vs 437 units)
  • Land – Up 55% (150 units vs 97 units)
  • Commercial – up 56% (14 units vs 9 units)

Year-to-Date Under Contract

  • Overall – up 16% (780 units vs 675 units)
  • Residential – up 8% (606 units vs 560 units)
  • Land – Up 39% (115 units vs 160 units)
  • Commercial – Up 100% (14 units vs 7 units)

Inventory – Inventory has continued to declined by are relatively constant rate of 1% over the last 12 months.

  • Residential property inventory down 5%.
  • Commercial property inventory down 8%.
  • Raw land inventory up 5%.

Distressed Property (Residential):

  • Distressed property sales contributed 23% to the total number of sales in April.
    •  Short Sales made up 7%
    • Bank Owned made up 15%.
  • Number of bank owned property sales declined by 29% while the number of Short Sale property sales stayed the same over April 2011.

Top 5 Outer Banks Real Estate Firms for April 2012

Rank

Firm

Volume

1

Coldwell Banker Seaside Realty – KH

$11,284,400

2

RE/MAX  – KDH

$8,997,000

3

Sun Realty – KDH

$6,148,050

4

Beach Realty & Construction – KH

$5,864,830

5

Midgett Realty – Avon

$5,195,961

Outer Banks Vacation Rental Market 
(Data Source: NAVIS GeoAnalytics)

Average Booking Window
Legend: 2011;  2012

This graph demonstrates the average number of days between booking and check-in date. This graph is summarized by month of booking, rather than month of stay.

For example, the reservations made at this time of year are about 85 days in advance of their check-in date. This booking window has dropped by 20 days from March. Considering that the summer is the busiest time of year on the Outer Banks, this decline in booking window makes sense. We should continue to see this booking window decline as we approach the summer months.

The takeaway message is that guests should book early for summer months in order to reserve the most desirable homes and weeks – at this point,  at least 85 days in advance, but that window is declining every day as we approach the summer months.

The Seaside Report: Average Booking Window - April 2012The Seaside Report: Average Booking Window – April 2012

The Seaside Report: Average Booking Window - YoY Variance - April 2012The Seaside Report: Average Booking Window – YoY Variance – April 2012

Average Length of Stay
Legend: 2011;  2012

The Length of Stay graph illustrates the average number of days between check-in date and check-out date of reservations, summarized by check-in month.

As would be expected for the Outer Banks, the average stay is about seven days for the summer months and varies in the shoulder season.

A strong takeaway here is that full weeks are a must for the summer months, but Spring and Fall offer great opportunities for shorter stays and discounted rates, while maintaining the great benefits of gorgeous weather, empty beaches, and ample attractions and activities.

The Seaside Report: Average Length of Stay - April 2012The Seaside Report: Average Length of Stay – April 2012

The Seaside Report: Average Length of Stay - YoY Variance - April 2012The Seaside Report: Average Length of Stay – YoY Variance – April 2012

Average Stay Value
Legend: 2011;  2012

The Stay Value graph illustrates the average revenue actualized or projected for reservations, summarized by check-in month.

The clear message with this graph is that demand is high and supply is low during the summer months, and as a result, prices are driven higher during the summer months. As mentioned above, Spring and Fall offer great opportunities for shorter stays and discounted rates, while maintaining the great benefits of gorgeous weather, empty beaches, and ample attractions and activities.

July is the clear peak, and prices begin to fall towards the end of August – when kids go back to school.

It is interesting to note that the stay values are slightly higher for 2012 compared to 2011. This seems to signal that discounts are less likely for 2012. October dips a bit right now, but there is plenty of time for that stay value to recover leading up to October.

The Seaside Report: Average Stay Value - April 2012The Seaside Report: Average Stay Value – April 2012

The Seaside Report: Average Stay Value - YoY Variance - April 2012The Seaside Report: Average Stay Value – YoY Variance – April 2012

Bookings
Legend: 2011;  2012

The Bookings graph illustrates the number of reservations actualized or on the books, summarized by check-in month.

This graph gives a good view of the “strength” of the reservations over the previous year. Reservations are up, which indicates that early reservations are wise and prices should remain constant.

A couple points of interest; June is very strong over last year (+27%), but July is slightly under-performing in comparison to 2011 (-15%). This will be a trend to keep an eye on. My guess is July will recover with last minute bookings.

In general, bookings usually increase right up to the summer check-in days as last minute vacationers scramble to find available homes. July bookings should catch-up, and we should continue to see a strong growth in the remaining months ahead.

The Seaside Report: Bookings - April 2012The Seaside Report: Bookings – April 2012

The Seaside Report: Bookings - YoY Variance - April 2012The Seaside Report: Bookings – YoY Variance – April 2012

Sign up for The Seaside Report - Outer Banks Real Estate UpdateSign up for The Seaside Report – Outer Banks Real Estate Update

Outer Banks Real Estate News: Coldwell Banker Seaside Realty Ranked #12 in North America!

Coldwell Banker Seaside Realty

Coldwell Banker Seaside Realty

We are very proud to announce that Coldwell Banker Seaside Realty has been named among the Top 20 Coldwell Banker offices in North America – #12 to be exact!

Below is the list of top 20 offices, and here’s a quick reminder of who we are and what we do…

Founded in Kitty Hawk, NC in 1990, Coldwell Banker Seaside Realty is a dynamic full service real estate company, servicing the entire Albemarle region. More than 50 licensed agents provide both residential and commercial buying/selling assistance in Northeast North Carolina. Offices located in Kitty Hawk and Elizabeth City, NC. More information can be found on the Coldwell Banker Seaside Realty website at www.ColdwellBankerOBX.com.

Top 20 Coldwell Banker offices in North America 

 

RANK COLDWELL BANKER CITY/STATE or PROVINCE
1 Premier Realty Henderson, NV
2 United, Realtors Austin, TX
3 Weir Manuel Plymouth, MI
4 Homestead Group Select Professionals Camp Hill, PA
5 Evergreen Olympic Realty, Inc. Olympia, WA
6 United, Realtors Houston, TX
7 United, Realtors Houston, TX
8 United, Realtors Katy, TX
9 Preferred Real Estate Winnipeg, MB
10 Tomlinson Associated Brokers Kennewick, WA
11 Boyd & Hassell, Inc., Realtors Hickory, NC

12

Seaside Realty

Kitty Hawk, NC

13 Grass Roots Realty Grass Valley, CA
14 Hartung & Noblin Tallahassee, FL
15 Sun Ridge Real Estate Roseville, CA
16 United, Realtors Cypress, TX
17 Barbara Sue Seal Properties Portland, OR
18 Island Properties Wailea, HI
19 Trails and Paths Mesa, AZ
20 Home Owners Realty, Inc. Grand Junction, CO
Office Size 4 (36-50 Sales Associates)
Total Number of Offices Participating: 170

 httpv://www.youtube.com/watch?v=i0_XfTlv-As&list=%2Fwatch%3Fv%3Di0_XfTlv-As&list=UU6OPtBeQOjDr4aHQs8NMqkw&index=0&feature=plcp