Helping People Buy And Sell Homes on the Outer Banks
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Do Not Sign an Exclusive Buyer Agency Agreement There is no Law that says you have to sign an Exclusive Buyer Agency Agreement before an agent can help you with buying a home. A Non-Exclusive Agency Agreement works and does not force unwarranted obligations on you. |
Everything Real Estate On The OBX
Welcome to Shore Realty's premier site for all things real estate on the Outer Banks. On this site you can search all of the real estate, land, condos and homes for sale on the Outer Banks beaches. You can narrow down your beach house search to the individual towns and villages across the OBX from Corolla to Nags Head, including Duck, Southern Shores, Kitty Hawk, Kill Devil Hills plus Colington, and the town of Manteo. If it is for sale, you can find it here, regardless of whether you are looking for a palace like mansion, a simple beach cottage, an investment home, a retirement home or a home to live in.
Everything you need to make an educated home purchase is right here on this site, including articles for sellers and buyers with ideas to help you achieve your goal of Outer Banks home ownership. Call Direct 252-441-3416
The Median Home Price Has Risen The Past 4 Years Across The OBX
In the past 4 years the median price of a home or condo on the Outer Banks has gone up almost 10%. In the past few months, interest rates increased from 3.5% to 4.5% with more interests rate increases expected to come.
How long before you get priced out of the market?
Owners
Contemplating selling your property? The real estate market on the Outer Banks is very friendly to sellers right now with properties selling quickly if priced at market value. If you are interested in finding out the value of your property to see if you should wait or not, then sign up for a FREE Market Evaluation . If you are ready to sell, check out the extensive marketing campaign used by Shore Realty to help you sell your property. Shore Realty's level of service is unmatched and even surpasses what the big box brand companies have to offer. Check it out HERE Sometimes smaller is better!
Sold Statistics
TOTAL SOLD RESIDENTIAL UNITS
Outer Banks NC Association of REALTORS MLS
| Year Sold | Median Price | Total Units Sold |
|---|---|---|
| 2018 | $330,000 | 1,821 |
| 2017 | $320,000 | 1,862 |
| 2016 | $302,250 | 1,708 |
| 2015 | $295,000 | 1,666 |
| 2014 | $289,450 | 1,480 |
| 2013 | $299,000 | 1,295 |
| 2012 | $312,750 | 1,324 |
| 2011 | $280,000 | 1,181 |
| 2010 | $310,000 | 1,299 |
| 2009 | $295,000 | 1,120 |
| 2008 | $335,000 | 1,043 |
| 2007 | $365,000 | 1,226 |
| 2006 | $395,000 | 1,235 |
| 2005 | $427,000 | 2,082 |
| 2004 | $386,000 | 2,348 |
| 2003 | $325,000 | 1,952 |
| 2002 | $290,000 | 1,971 |
| 2001 | $205,000 | 1,648 |
| 2000 | $185,000 | 1,498 |
2017 Median Price Highest in 8 Years
Median Price Increased Past 4 Years
2017 Median price up 5.5% From 2016
With prices going up and interest rates on the rise it doesn't take long to get priced out of your comfort range.
These sales numbers reflect the residential sales on the Dare & Currituck County beaches. The sales numbers do not included the inland counties serviced by the Outer Banks Association of Realtors. Residential properties include homes, condos and townhouses.
The 2017 Sold Statistics from the OBX MLS are here, if you would like to see the same statistics for different OBX geographic locations dating back to 2004, CLICK HERE Sold Statistics Archive .
Drive By List of Properties For Sale
You can always use your phone to look up properties for sale while you are driving around but wouldn't it be nice to have a list of homes for sale sorted out geographically. Our lists are sorted by street, subdivision and area in each town. This way, when you are on some street you can look at all the houses on that street. Like an area? All the homes in that area will be lined up in order. Then you can use your phone to look up the ones you like the most.
Let us set you up with a map and a list of properties that are for sale and then you can leisurely drive around and see if there is anything that might interest you. It is also a good way to learn the different neighborhoods. After all, the Outer Banks does cover an 80 mile skinny stretch of northeastern NC. Call local 252-441-3416 or toll free 800-647-1868
Plan Your Trip to Meet Your Needs
Winter Real Estate Season
Shopping for real estate on the OBX is fairly easy in the winter. The hardest part is getting here through the bad weather up north. The hotels and motels are all empty so you can come and go as you please. All of the rental houses are vacant so you can view them without having to worry about vacationers not letting us in. more
NEW LISTING NOTIFIER
Receive automatic email updates when new homes come up for sale.
Errors and Omissions Insurance
We have it, does your agent? It is hard to believe some realty companies do not carry Errors & Omissions Insurance. Don't purchase your home or land from an agent who does not have it. This is just one more reason why our clients keep coming back.
1031 REALTY EXCHANGE
Avoid the capital gains tax and the 25% depreciation recapture tax by utilizing the IRS code 1031 Tax Deferred (Starker) Exchange. Swap investment land, condos or homes for any kind of investment property within 6 months. Call Greg at 252-441-3416 for details.
A WORD ABOUT BUYER AGENCY - FREE !
Contrary to what many people think, it DOES NOT COST ANYTHING to have an agent work for you in North Carolina. We get paid by commission from the sale. All of the sellers in the Outer Banks Association of REALTORS MLS have agreed to pay that commission to us, regardless of what company has the property for sale. This is what you can expect:
- We will not make you sign any commitment, long term or short.
- NC Buyer Agency DOES NOT require a contract.
- If you find yourself only looking at houses with your agent’s company’s signs, be careful. Chances are that agent is not working for you.
- We will show you only properties that fit your requirements. There are over 4000 different pieces of real estate for sale on the Outer Banks right now. One of them is just right for you.
- We will use our MLS computer capabilities to search for all of the properties that fit your needs.
- We will provide you with information about the SOLD houses that are comparable to what you are considering. How else can you decide how much to offer?
- We will negotiate on your behalf to get the best possible price.
SELLER INFORMATION
Questions about selling? Don't listen to the doom and gloom stories that are going around. Once you understand how the absorption rate affects sales and see what advertising we provide and where we will put your property on the internet, you will see that now is still a good time for sellers even if you are selling out of state.
Just curious? Sign up to find out Your Home's Value, complimentary of course, or call 252-441-3416 and learn the fair market value of your property.
