Vacation Traditions
Real Estate and Business

Hatteras Island Real Estate:  A market round-up

The good news is that we are starting to see signs of stabilization in some segments of the market.  The relationship between residential supply and demand has remained relatively constant during the past year.  The number of homes for sale has hovered around 500 properties each month, while the number of sales (calculated at annual rate) has remained in the 130 to 150 range.  The same relativities have been characteristic of the market for unimproved lots with monthly supply holding steady in the 325 properties for sale range, and annual demand staying consistent at 50 properties sold. 
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Hatteras Island Real Estate: Is it better to buy now or buy later?

In today’s market, prospective buyers often comment that they are going to wait for property prices to decline further before they decide to act. It certainly seems logical that buyers would want to try to time their purchases to coincide with the bottom of the real estate cycle in order to pay the lowest possible price.  It is also understandable that the multitude of negative media reports can easily lead prospective buyers to believe that real estate prices have further to fall. However, the reality of this decision-making framework bears closer scrutiny.    ....Read more


Hatteras Island Real Estate:  It’s a great time to be a buyer

How many times have you sat on the deck of your vacation cottage and commented, “Wouldn’t it be great to have a home here on Hatteras Island? We really should look into what it might take to buy a house or a lot.”  You may be surprised to learn how easy it can be to make your dream come true. Conditions in the real estate market are currently very favorable for buyers.  
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Hatteras Island Real Estate:  State of the market report

January is traditionally a time for looking back at the previous year and looking forward to what the next twelve months may hold in store.  With the final year-end statistics for 2007 just available, it seems like a good time to take stock of the real estate market on Hatteras Island.  
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Hatteras Island Real Estate: A glass half empty or half full?

Real estate columnist Tom Hranicka puts the current concern about the real estate and mortgage markets in perspective, especially for buyers and sellers on Hatteras Island.  
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Hatteras Island Real Estate:  Third quarter market update

Analyzing real estate market statistics is often like looking at the ocean after a storm.  There are a lot of crosscurrents, and rarely do all of the indicators point in the same direction.  This seems to be the situation in the market today.      ....Read more

Island Real Estate:  Hatteras Island largely unaffected by mortgage market turmoil
With all of the recent news reports about problems in the mortgage market, it is easy to fall into the trap of believing that “the sky is falling” everywhere.  In reality, the local mortgage market is feeling some fallout, but the bottom line is that money is available for qualified buyers, and loans are being made largely without any significant interruption    ....Read more


Hatteras Island Market at a Glance
Charts with information on residential properties for sale, pending home sales, residential properties sold, and median sales prices    ....Read more


The lighter side of real estate:  Questions visitors ask
“How much does it cost to take the free ferry”” is just one of the outrageously funny questions that visitors ask workers in business throughout the island.  A lighthearted look by columnist Tom Hranicka.      
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Getting more information
Hatteras Island land transfers, building permits, and other real estate information you need to know or want to know.  And some links to other sites.  
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Business Briefs
Spa Koru makes donation to Kiwanis Club
New staff member at Spa Koru
Chiropractic care at Spa Koru
Hatteras Realty attends ECU Career Fair
Amy Helle named 2007 chairperson of the year

Hatteras Realty promotes destination weddings  
                                                            
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Tourism is silver lining amid dark housing news


Houses are sitting on the market for many months, and contractors and suppliers are hurting for business.
But the upside of the economic downturn in the nation and on the Outer Banks is that American vacationers on the East Coast will be more likely to stay close to home, and Europeans will be more likely to visit.
A story by Catherine Kozak of the Nags Head Bureau in The Virginian-Pilot.


http://hamptonroads.com/2008/03/tourism-silver-lining-amid-dark-housing-news-kill-devil-hills



The Virginian Pilot, owner of The Island Breeze, is for sale

Landmark Communications Inc. confirmed last week that it has hired national investment firms to explore the sale of its properties, including The Virginian-Pilot, which owns The Island Breeze, a monthly newspaper that covers Hatteras and Ocracoke islands.  
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