The real estate market for investment property on the Outer Banks is looking up still. When you look at the March 2012 statistics, more listings are being placed under contract. As a matter of fact, the Outer Banks realty numbers for homes and land for the month of March are the best since October 2005. Overall home sales are up 25% and listings going under contract are up 11%.
Monday, April 23, 2012
It's Biker Week on the Outer Banks! Make sure to update us on your real estate direction. We take the time to put these informative newsletters together in to provide you with the best real estate advice and online resources...period! A casual chat about the market will surprise you, as our approach to this business is not what your used to. I promise!
FEBRUARY AND MARCH MLS STATISTICS - (first part of the body text)
NEWEST CASH FLOW PROPERTIES TO COME ONTO THE OUTER BANKS MARKET
CHECK OUT THE LISTED FORECLOSURES ON THE MLS
MOSQUITOS – Due to the mild winter Dare County will begin spraying for mosquitos 6 weeks earlier this year. Although funds were budgeted to begin spraying in mid-May, additional funds have been approved to begin this week – April 2nd. The County has already begun treating areas of standing water to kill mosquito larvae.
SOUTHERN SHORES – Town Council will hold a public hearing on Tuesday, April 3rd on a zoning ordinance amendment that would add Stormwater Management to the Lot Disturbance section of Town Code. If approved, the Lot Disturbance and Stormwater Management Ordinance would not only apply to grading, filling or other alteration of the topography or elevation of any unimproved lot, or demolition and clearing of any improved property but would also apply to any manmade change to any improved real estate that would require a building permit AND results in the discharge of stormwater onto an adjacent property.
KILL DEVIL HILLS – At last week’s Board meeting, NC DOT Engineer Jerry Jennings expressed his concerns about lowering the speed limit from 50 to 45 or 35 throughout the Town. He did agree with lowering the speed limit to 45 on the bypass from Colington Road to the Nags Head Elementary School. He stated that accidents on that stretch of highway are twice the state average. However, the accident rate is much lower than the state average on the bypass north of Colington Road. Jennings also reported that the light at Landing Road should be operational by the 6th of April.
NAGS HEAD – Commissioners discussed recent changes to the NC Residential Building Code which took effect March 1st. Planner Elizabeth Teague informed Commissioners of some issues in the newly revised code as to how it relates to Town ordinances. The new code now requires an additional foot of elevation above base flood (freeboard) which means that first floor elevation will now be measured from “regulatory flood protection elevation” and not from base flood elevation.
LOWE'S HOME IMPROVEMENT PHOTO - KILL DEVIL HILLS
OUTER BANKS SENTINNEL NEWS:
The Lost Colony prepares for eventful 75th season
The Lost Colony is gearing up for its 75th season, and the year-long "diamond anniversary" celebration has already begun, according to Theater Manager and Interim CEO Brandon Smith and Director of Marketing Charles Massey.
Town wants pier to end unfair practices
At its April 4 meeting, the Nags Head Board of Commissioners agreed that Jennette's Pier has engaged in unfair practices that have violated its promises not to compete with other fishing piers in the town. The board also voted to call upon the pier to put an end to these practices.
Museum exhibit shows Titanic ties to Outer Banks
"Have struck iceberg." The alarming message sent from the R.M.S. Titanic on the night of April 14, 1912 was first received and recorded at the Hatteras Weather Bureau Station.
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