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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. ....Read
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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
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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. ....Read
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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. ....Read
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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. ....Read
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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
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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
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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
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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. ....Read
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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. ....Read
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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
....Read more
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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
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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. ....Read
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