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August 1st, 2009 1:52 PM

Hello,

Short sales from Corolla to Nags Head are up from 72 last week to 86 this week active on the market.  Foreclosures are steady at 20. Expect to see many of the short sale properties come on the market as foreclosures in the coming months.  Prices have decreased recently only slightly with the average 3/4 bedroom home in the area moving from 322 to 301, 000 since April.  There is still time to get a great deal here.  Get preapproved with your favorite lender and be ready to jump on a great house!

Have a wonderful weekend!

Carol

Posted by Carol Hayhoe on August 1st, 2009 1:52 PM

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