Home prices in the market here in the OBX seem to be varying by neighborhood and whether there have been alot of recent sales in the area. Prices still seem to be in decline in the Duck and Corolla area where prices started dropping later. In some of the neighborhoods further south, prices appear to be holding steady so far this year. Many more folks are at least looking as evidenced by my waiting in line to see properties that are well priced this weekend.
Rentals in the Outer Banks were up 7% in June of this year over last year - though many are foregoing expensive restaurants while here. The price of gas has not had a detriment on the attractions of our beautiful beaches. Hatteras Island continues to do well despite beach closures for nesting areas and most stores have had an increase in sales.
Call or email anytime as always.
Carol
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