My New Blog

Housing sales are up and prices are down. This, of course is due to the foreclosures and short sales on the market.

In 2008, the average sold price from Kitty Hawk to Nags Head was 315,000 - this is down to 260,000 this year.  In Corolla in 08 the average sold price was 610,000 - down to 520,000 this year.

In other words - It continues to be a great time to buy- houses are becoming very affordable here, and maybe not a great time to sell. If you need to sell, make sure your home is in the best condition possible for the best price possible. Some of you have found some fantastic deals here already.

If you are waiting for that perfect foreclosure, make sure you are prequalified or even better,preapproved. The homes with the really low prices are going fast to the buyers who are ready to make an offer.

All the best,

Carol