The Outer Banks, NC real estate market is known for its beautiful beachfront properties and vacation homes. The market has been steadily growing over the years, with an increases in demand for both primary residences and investment opportunities.
The average home price in the Outer Banks is currently $590,900 according to Outer Banks Association of REALTORS June Statisical Report. Prices can vary drastically depending on the location and size and proximity to the beach. Beachfront properties tend to be more expensive, with prices ranging from $800,000 to several million dollars.
The market is very competitive, especially during the spring, when many people are looking to buy investment properties and capitalize on the peak summer income. Investment propeties in the OBX can be a lucrative opportunity, as the area is growing rapidy as popular tourist destination.
We are still experiencing a market with very low inventory and high demand but longer days on the market and higher interest rates are keeping the prices consistent. When you are ready to discuss your OBX home, give me a ring!
