Nags Head, NC Real Estate News

By Matt Huband- OBX Realty Group-From Corolla To Hatteras, Celebrating 17yrs Working With Buyers and Sellers
(OBX Realty Group)
Ever wonder where the largest St. Patrick's Day Parade in North Carolina takes place?? Raleigh?? Charlotte?? No & No, it takes place on the Outer Banks in the town of Nags Head. This year marks the 21st annual Kelly's St. Patrick's Day Parade that has evolved into a must see event that draws up to 10,000 spectators. The years parade kicks off at 1 p.m. on Sunday, March 14, on the Beach Road. The one-mile parade route, MP 11.25-10.25 Nags Head, is known for lots of marching bands, marching/walking units, cars, and floats. It would not be a Kelly's event without Kelly's hospitality. After the Parade the entire community is invited to Kelly's Restaurant & Tavern for a post parade party-Irish American style. If you are anywhere near the Outer Banks take a drive down to participate in the st...
Comments 0
In many markets  a good portion of the properties that are selling are either REO or short sale. About 30% of my lisitings are short sales now and I have been able to pick up 6 REO listings ( scraps form the REO fraternity) this year.  Our MLS inventory is less than 6% under contract - My inventory will be 30 to 40% under contract by the middle of next week . It just seems crazy to me why an agent working for a buyer would "stay away" these opportunities just because of  the pitfalls that come with a short sale . Seems to me we should all jump in and get these distressed homes sold - then these agents can find something new to complain about. We are going to have to MOVE this distressed inventory over the next couple years if we want to " stay away" from them. We  have a duty to  our cl...
Comments 9
By Linda Powers, On the Outer Banks
(Resort Realty - Duck)
Outer Banks NC Real Estate Sales - the Nags Head Market Outer Banks NC real estate sales - the Nags Head Market information as of 11/17/09 For additional information including all homes, condos, town homes, and land for sale in Nags Head NC, please visit Nags Head Real Estate for Sale. You can also search here for price ranges and neighborhoods. Current homes for sale in Nags Head     Number of homes for sale - 265     Average asking price - $666,410     Median asking price - $498,000     Average days on market - 220 Under contract in Nags Head     Number homes under contract - 20 Sold homes in Nags Head since 1/1/09     Number homes sold - 96     Average sold price - $$428,275     Median sold price - $354,000     Average days on market - 202 Do you have questions about specific propert...
Comments 0
By Kevin O'Brien
(Red Sky Realty Group)
Nags Head like all the towns of the Outer Banks has been hit by the recent waves of foreclosures. For many of those who didn't not get an opportunity to buy a home during the boom years, now they are able to go out and purchase a home below its tax value. Current market conditions make now an excellent time to find a Nags Head vacation or investment home. Buying a Nags Head foreclosure is one way to take advantage of current market conditions and to often find a home below tax or market value. Find more information on: Nags Head foreclosures
Comments 3
By Linda Powers, On the Outer Banks
(Resort Realty - Duck)
Sam & Omies in Nags Head NC is one of those pilgrimages to a favorite restaurant our tourists take each year. Located on Beach Road (also known as NC 12 and Virginia Dare Trail) near milepost 16, this quaint restaurant attracts locals and vacationers alike. I remember hearing one of our tourists say they couldn't come to the Outer Banks without stopping in for a delicious meal at Sam & Omies in Nags Head NC.   Sometimes we wonder why folks choose one place over another. Here, I think the answer is simple. Good food and a reminder of the old Outer Banks days. On your next visit to the Outer Banks be sure to visit Sam & Omies in Nags Head NC. I think you will enjoy both the food and the experience. We're Mike and Linda Powers with Resort Realty. Before you come why not give us a call. We ...
Comments 0
By Linda Powers, On the Outer Banks
(Resort Realty - Duck)
Fishing Season on the Outer Banks - There's surf fishing, pier fishing, or enjoy a half or full day fishing in the Gulf Stream. Fall here on the Outer Banks is truly awesome. While we have 4 seasons based on nature's color changes, we also have seasons based on the type of visitors we have. Fall probably is the favorite for men. They either rent a small cabin and spend several days fishing with their buddies. As you can see by the 2 photos below, the choice for surf or pier fishing is fun and relaxing. While there certainly a number of women who enjoy the sport, when spouses come for the fishing season, many women are content to let the men have the fishing fun while they shop. Many bargains are found in the shops that want to reduce inventory and plan for next season. Fall is a winning...
Comments 5
By Linda Powers, On the Outer Banks
(Resort Realty - Duck)
I recently posted a story about Mr. Kevin Davis from Indiana taking home a once in a lifetime memory of his Outer Banks vacation. While enjoying the beach in Nags Head, a young fawn had gone into the ocean and was struggling in the surf. Mr. Davis went in and rescued the animal. I'm sure the animal was scared and in shock ... but so thankful to Kevin Davis. The animal was taken to Roanoke Island Animal Clinic as a precaution. After some antibiotics and a few days rest, Officer C. P. White from the Wildlife Resources Commission  released the young fawn at Nags Head Woods in Kill Devil Hills ... on the sound side of the island. Can you imagine the stories both Kevin Davis and that young fawn will be telling their friends and family about their vacation at the beach! Mr. Davis shows us the...
Comments 1
By Linda Powers, On the Outer Banks
(Resort Realty - Duck)
An Outer Banks vacation often brings once in a lifetime memory to many visitors. Sometimes it can simply be watching your grandchild play in the sand. Have you ever seen an endangered sea turtle head for home?   Perhaps it's the couple strolling on the beach that have just gotten engaged. Remember the time your first saw the wild horses in the Corolla area, or climbed a lighthouse ... to the top.   I'm sure everyone who has vacationed here on this awesome sanctuary of life has some special Outer Banks memory to tell. And now ... let me tell you about Mr. Kevin Davis from Indiana, who saved a piece of our  wonderful Outer Banks wildlife population. Somehow a small fawn was seen in the ocean in south Nags Head last week. Mr. Davis swam out and brought this beautiful (and grateful) creatur...
Comments 0
By Greg Cremia
(Shore Realty of the Outer Banks)
While the overall number of Nags Head residential property sales is still down below the historic highs of the boom years, the prices in most areas of Nags Head have started to make a rebound. The median prices for properties located between the roads in Nags Head is now higher than it was in 2005 and the average price is back at 2004 levels. Likewise the median price for a residential property located on the west side of Nags Head is higher than it was in 2004, which was a banner year and the average price is almost where it was in 2005. The Nags Head oceanfront continues to suffer both in sales volume and in price. Part of the problem has to do with the expense of the high end loans and part of the problem is the ongoing debate over beach nourishment. All of the publicity surrounding ...
Comments 0
By Steve Blaisdell, FOC
(Beach Realty and Construction)
        Why are some homes selling quickly and others NOT even getting a showing? - maybe a nice flyer will do it!! LOL- I actually saw that nonsense in a real estate column recently!  Here on the Outer Banks the price of an average middle class home went from 80k to 120k in 1998 to 280k-350K in a matter of three short years !!  My little home on Palmetto street was worth 80k for about 7 solid years in the 90's - then all of a sudden BANG $295,000!! Let's remember that historic appreciation in real estate is 6 to 8% . This is reality - THAT other thing was a very quick dream - or a nightmare for some.   One reason The Outer Banks market has a higher than normal absorption rate is because we are primarily a second home market. The real reason is that so many people are stuck in that fant...
Comments 0
By Matt Huband- OBX Realty Group-From Corolla To Hatteras, Celebrating 17yrs Working With Buyers and Sellers
(OBX Realty Group)
If you have ever dreamed of retiring to the Outer Banks but still wanted something to do I have the perfect opportunity for you!!! I just listed a wonderful piece of property that consists of 2, attached but separate entrance, single family homes with a wonderful art gallery on the bottom of one of the units. That's right you don't even have to leave you home to go to work!! The Sally Huss Gallery has been a local and visitor favorite for over 15 years and now the owner is ready to pass on this amazing business to someone else. The gallery is on the bottom floor of a 5Bd/4Bth home, you just walk down stairs and your at work. There is another 4Bd/3Bth residence that can be used for guests or rent out for extra income. Plus one of the best parts about this property is that you can walk to...
Comments 2
By Kevin O'Brien
(Red Sky Realty Group)
The 25th installment of the Nags Head Woods 5K is set to take place on Saturday May 10th.  This Outer Banks tradition is something that should not be missed.  If you enjoy a good early morning sweat this is your weekend event.  The course winds through the beautiful Nags Head Woods.  These woods are one of the most picturesque places of the Outer Banks   The race is sponsored by the Outer Banks Kiwanis the race starts 8 am.  If you are ready to sign up you can do so at www.active.com.If you are thinking of staying for the week or just the weekend there are still some great off-season deals to be had.  If you can't make the race remember the Outer Banks Marathon is coming in November.    
Comments 2
By Tamara Heyward
(Self-Help)
My friends at Coldwell Banker Seaside Realty tell me that deals abound in the Outer Banks. Bank owned and foreclosed properties are on the market. While this is a definite letdown from the high flying market there over the past few years, it is a great opportunity for those who want to invest in properties on the coast. Interest rates are extremely favorable, which sweetens the pot even more.Check out the The Doshier Team online at http://www.thedoshierteam.com/.
Comments 0
By Pat Preston
(Shore Realty)
22 Nags Head oceanside properties sold in 2007 with an average price of $990,522 a median price of $1,060,000 and 220 days on the market.Currently there are 67 properties for sale in Nags Head on the oceanside of the road with an average price of $1,247,916 and a median price of $1,048,999.There are enough houses for sale right now to last the next 3 years and that doesn't take into account all of the properties that will be coming on line this Spring. Sellers need to look at this data and be realistic in their expectations.
Comments 0
By Pat Preston
(Shore Realty)
Between the roads in Nags Head saw 33 sold residential properties in 2007 with an average price of $499,212 a median price of $475,000 and 155 days on the market.Currently there are 58 residential properties for sale with an average price of $712,922 and a median price of $707,475. It looks like there are a lot of sellers still not being realistic about selling their properties.
Comments 0
There were 68 residential properties sold on the westside of Nags Head during the year of 2008.The median price was $375,000 the average price was $421,837 with 128 days on the market.Currently there are 69 residential properties for sale.The median price is $429,000 with an average price of $494,444.Sellers need to be realistic about their prices if they want to become one of the sold statistics.
Comments 0
By Greg Cremia
(Shore Realty of the Outer Banks)
This is a partial list of the Nags Head homes and properties that were sold and recorded with the Dare County Tax Dept.Search all Nags Head real estate for sale here.District: 14 Year: 2007 Date: 11/1/2007 Number: 4378-07 DeedDate: 11/1/2007 Book/Page: 1748 \ 52 Sale Price: 0 TaxAmt: 0 Seller: HOFFERT WILLARD W E TUX Buyer: HAVERSTOCK MARY E ET AL Parcel: Lot: Code: GT MAP No: Description: 5/40 DUNES SOUTH District: 14 Year: 2007 Date: 11/13/2007 Number: 4505-07 DeedDate: 11/13/2007 Book/Page: 1749 \ 30 Sale Price: 1000 TaxAmt: 10 Seller: CAMPBELL CHRISTOPHER A E TUX Buyer: GILLIES BRUCE T ET UX Parcel: Lot: Code: TS MAP No: Description: 6/23 OCEAN VILLAS District: 14 Year: 2007 Date: 11/13/2007 Number: 4504-07 DeedDate: 11/14/2007 Book/Page: 1749 \ 137 Sale Price: 0 TaxAmt: 0 Seller: M...
Comments 0
By Greg Cremia
(Shore Realty of the Outer Banks)
Despite the fact that the beach nourishment referendum was defeated by the Nags Head voters in April, the Nags Head board of commissioners are continuing in it's efforts to obtain the permits necessary to proceed with a beach nourishment project.The Outer Banks has been trying to get the federal government to pay for a beach nourishment program but those efforts have failed. The Nags Head commissioners have decided to try it alone.When commissioner Bob Oakes commented "But the voters spoke loud and clear", referring to the referendum defeat in April, commissioner Anna Sadler said "I don't care about the voters." She went on further to explain "We need to raise taxes and put sand on the beach."It looks like the citizens of Nags Head might end up paying for beach nourishment after all.  
Comments 3
By Ronnie Roach
(PrimePay Business Services)
The Town of Nags Head is still pursuing permits for a beach nourishment project even though the Town of Nags Head voters overturned the funding referendum.  The meeting held on June 7th had commissioners discussing the permits and some potential ways of funding the project.  I am sure things will be heating up with the local papers and bloggers in the coming days.  
Comments 0
By Greg Cremia
(Shore Realty of the Outer Banks)
The Dare Home Health and Hospice will host its fourth annual Beach Memory Walk in Nags Head on Sunday June 3rd. The walk will start at the beach access at MP 14 near Village Realty in Nags Head at 2 p.m. and run until 5 p.m. Memory flags displaying the names of loved ones will line the beach and are available by calling Fran Veihmeyer at 252-475-5028.The Wilder Brothers will perform at 2 p.m. and the Free Grace Church Youth Choir at 3 p.m. and Latino Dancers at 3:30 p.m. and Echoes of Heritage at 4 p.m. and at 4:50 there will be a closing ceremony. All proceeds will benefit the hospice program of the Dare Home Health and Hospice.
Comments 0