2nd Annual Marshes Light Marina Super Slam

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September 21, 2011

For more information and registration, visit www.marsheslightmarina.com.

Categories: Fall Weather, marina, outer banks, Roanoke Island, Sporting Events, Things to do, travel, Uncategorized.

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What the market stats are saying about the Outer Banks Real Estate Market!

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September 20, 2011

This article is reprinted with permission.

By Hugh “Scooter” Willey, Jr. (email: hughwilleysunrealtynccom)
NC Real Estate Broker with Sun Realty of the Outer Banks

The real estate market has been a bruising one, for both pockets and egos, over the past several years. Yet, signs of stabilization are beginning to show in the Outer Banks Real Estate Market. Buyers are in all earnestness beginning to search for homes, sensing the “bottom” is near (or passed), inventory is down (good for sellers) and ‘bank owned” properties have slowed. It is also noteworthy that as a resort community the median sales price is increasing.

For those interested in the Outer Banks Real Estate Market, I have posted the following comparison of the first 8 months of 2011 to the first 8 months of 2010 (source: Outer Banks Association of Realtors MLS).

Overall Sales

Total Property Sales
2010 2011 Change
Residential 919 923 *
Land 167 201 +20%
Commercial 11 15 +36%
Total 1097 1137 +4%

* Insignificant

Distressed Property Sales

Distressed Property Sales
2010 2011 Change
Potential Short Sale 102 128 +25%
Bank Owned 247 231 -7%
Total 349 359 +3%

Median Sale Price

Median Sale Price
2010 2011 Change
Single Family Residential $300,000 $343,154 +14%
Condo $199,000 $183,233 -8%
All Residential $269,900 $297,522 +11%

Inventory

Current Inventory
2010 2011 Change
Residential 2191 1849 -16%
Land 1325 1146 -14%
Commercial 124 147 +19%
Total 3640 3142 -14%

Categories: Home & Garden, Land Development, Real Estate, Uncategorized.

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Run, Swim, Surf, Fish, Bike the Outer Banks

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September 12, 2011

The Outer Banks has been a mecca for physical activity ever since the surfboard was first introduced to the natives. Over the years, due to the demand in current trends of recreation, tennis courts, golf courses, health clubs and bike paths have added to the Outer Banks environment.

With a mild Fall and Spring season and a beautiful coastal setting, the Outer Banks is the perfect destination to host a variety of events and competitions. Coming up this Fall (with links for more information) are:

  • Outer Banks Triathlon, September 10-11, Manteo
  • 2nd Annual Get Pumped for Pink 10K, September 24, 2011 8 a.m.
  • 2011 Easterns® — Grand Finals Surfing Competition, September 18 – Saturday September 24th Jennette’s Pier (mile post 16.5) in Nags Head
  • “Mountains to the Coast” Fall Ride, Saturday, October 1 to Saturday, October 8. The ride will begin in Elkin, NC and end at Heritage Park in Corolla, with final lay-over on Friday, October 7, at the campus of COA in Manteo.
  • First Friday Festival, downtown Manteo, October 7, 4 – 8 p.m.
  • 2nd Annual Fishing Tournament Super Slam - October 14 – 16
  • Outer Banks Marathon, Half Marathon, 8K, 5K & Fun Runs, Weekend of November 11-13.

    • Photo by Rev. Jay Bowman

    Categories: Fall Weather, Fitness, outer banks, People of Interest, Sporting Events, Things to do, travel, Uncategorized.

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    Bye Bye Irene

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    September 1, 2011

    There’s been plenty written and photos posted of the effects and damages caused by Hurricane Irene. Like a bad house guest, Irene came to the beach, was demanding, made of big mess and left in a huff.

    Along the Outer Banks, we are busy cleaning up and putting our lives back together. There has been a great outreach by locals and local businesses, the Red Cross and the Outer Banks Community Foundation to help those in need. Here are some links for information and donations:

    http://www.obcf.org/home.htm

    http://outerbanksvoice.com/

    http://www.gaacarc.org/ (local chapter of American Red Cross)

    After it was all over, aside from the cleanup efforts, there was much to appreciate, most of all is the beautiful weather we are currently enjoying. There’s always treasure to be found after a storm, such as these intact conch shells and beach glass found on the beach near my house the day after the storm.

    Categories: outer banks, Roanoke Island, travel, Uncategorized.

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