My New Blog

Hello!

Just an update on how things are going in the housing market here in the Outer Banks.

January sales for 2010 actually doubled from January 2009 but still down quite a bit from the Boom before 2006.  The mean sales price is also up, mainly due to the selling of a few larger homes.  Distressed properties still were at the 40% level for January and I would say that that is continuing. There were 2084 units on the market in January, about 1300 of them under 300,000. Pending sales have increased - though some short sales are taking quite a few months to close.  That situation seems to be improving.

I am currently working on getting a special short sale/ forclosure certification to assist my clients in getting the best possible homes as smoothly as possible.  The certification will be complete by the middle of March.  Please let me know if I can help answer any questions in this confusing market!

I wish you a wonderful, warm, snow-free spring!

Carol

Hi Everyone,

I have been working hard and have just received my SFR or Short Sale and Foreclosure Resource certification and I hope to be able to help many of you with any questions or needs in regard to these.  Of course, I am always available for for any of your real estate needs and questions here in the Outer Banks - please don't hesitate to call or email me. 

Just a quick update on the market here.  There are about 2200 properties on the market here. Of those about 700 are short sales and 430 or so are bank owned. 27 short sales and 34 bank owned properties went to closing as of Feb 28th here at the beach.  New listings and under contracts are increasing rapidly with the spring weather bringing in more visitors and many folks taking advantage of the low prices and interest rates. It's not too late to find a wonderful property before that summer season starts.

Hope to see you all this season even if it's just to say hello! I would love to hear from you.

Carol