Stories by Outer Banks Association of REALTORS (OBAR)

September Real Estate Statistical Report

For the most part, there was not much of a change between August and September 2021 regarding inventory and sales.  However, year to date, September 2021 saw a 35% increase in all properties sold which equaled a total of 886 more homes sold than this time last year. Full story

Oct 20


State of North Carolina Passes the First Legislation Regulating Timeshare Exit Companies

The great state of North Carolina has become the first state in the nation to pass legislation regulating timeshare exit companies. The groundbreaking timeshare statute stems from the North Carolina Real Estate Commission (NCREC) recognizing the need for regulation of companies claiming to “exit” consumers from their timeshare contracts. Full story

Oct 8


OBAR’s 24th Annual Charity Surf Fishing Tournament

The Outer Banks Association of REALTORS® (OBAR) is holding their 24th Annual Charity Surf Fishing Tournament on Friday, October 15, 2021. Full story

Oct 5


July Real Estate Statistics

Despite some great numbers in July's statistical report, the OBX is still seeing a slump in certain areas in July which is normal for this time of year.  But Residential Sales were up 65% compared to July 2020 which is a difference of 1,084 more units sold. Full story

Aug 11


“I Need 20% Down” and Other Home-Buying Myths About Mortgages

Tips for shopping around for a mortgage — even if you think you don’t qualify. Think you're not ready to unlock home ownership yet? That the financial hurdles are too high? You may be short-changing yourself. Many of the things renters believe about home-buying are myths. Full story

Aug 5


Ideas for your yard and deck that’ll step up your home’s value.
8 Smart Choices for Curb Appeal With Staying Power

Improving your home's curb appeal brings immediate satisfaction. Plus, the financial benefits can be fabulous, too. Good curb appeal increases your home's value, making your property easier to sell — and easier to love. Full story

Jul 21


June Real Estate Statistics

There are two times during the year when sales tend to get a little sluggish.  One of them is June/July.  Residential sales in several areas actually declined resulting in a lower Median Price.  However, a total of $219 million worth of residential units were sold in June compared to $87 million at the same time last year.  The only time it's been higher was in March of this year.  But this month there were fewer, yet more expensive homes sold. Full story

Jul 12


OBAR’s REALTOR®Fest Seeks Vendors and Sponsors

The Outer Banks Association of REALTORS® (OBAR) is holding their annual expo on Tuesday, November 9, 2021.  The event is hosted at the R/C Movie Theatre and includes vendor tables, lunch, and multiple educational presentations held simultaneously in 3 different theatre rooms. Full story

Jul 7


Two words: Seller's market.
March Real Estate Statistical Report

These two words sum up real estate in the Outer Banks as we head into the busy spring selling season. Because we were looking at a bleak future in March 2020 due to COVID and the shutdown, we knew that the statistics for last month would be drastically different from the year before. And they were! March saw an 86% increase in Total Monthly Sales compared to this time last year equaling a total of 203 MORE homes sold. Under Contract homes jumped 100% with 441 more homes under contract for a total of 883. As of today there are a total of 928 homes under contract. Full story

Apr 14


Monthly MLS Statistical Report

Inventory, Sales, and Booming Corolla
February Monthly Real Estate Statistics

Inventory is key in this current seller's market.  Last February we had 1,324 Residential Units available.  Last month, there were only 413 units available, a difference of 911 units.  Lots/Land also showed a significant decrease of 166 units with only 586 units left last month. Full story

Mar 19


MLS Statistical Report

January MLS Statistics

Real estate records won’t stop in the OBX.  January saw the highest total volume of Residential Units sold EVER.  Residential sales have already totaled almost $135 million compared to January 2020’s $59… Full story

Feb 15


EMAIL COMMENTS OR PARTICIPATE IN VIRTUAL PUBLIC COMMENT SESSION DEADLINE IS THURSDAY, DECEMBER 10th
CALL FOR ACTION: DENY HOMEOWNER INSURANCE RATE INCREASE!

Last month, the North Carolina Rate Bureau (NCRB) submitted a Homeowners Insurance Rate Filing to the NC Department of Insurance. The filing reflects an overall statewide average increase of 24.5% for homeowners, renters’, and condominium rates. The filing affects condo, tenants as well as wind only policies. Full story

Dec 9