OBX Happenings | January 2023
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Happy New Year to You & Your Family From the Argiroff's!
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Hope it's been a wonderful holiday season for you. Our holiday included the 4 "F's". Lots of Family, Friends, Food, and a little bit of the Flu. We are back up and running hard and expect 2023 to be a very good year for the Outer Banks real estate market. We are back to pre-covid (2019) market conditions and expect it will be a win-win year for both buyers & sellers. What we are expecting:
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- Inventory should increase throughout the year, but it will not yet reach the 2019 levels
- The prediction by most economist is that the 2nd quarter of this year (April, May, June) rates will fall to the mid to high 5's.
- Sellers are a little more negotiable than 2020 to 2022
- We are not expecting foreclosures to hit our market. The lending side of the transaction has been "Healthy" in the last 10 years plus. Buyers have been putting more than 20% down or paying cash, leaving plenty of home equity.
- Tourism numbers will soften and move back to a more normal market looking like our 2019 market. Overall, this year's numbers showed we were up 6% from 2021 Jan to Oct (see occupancy collections graph below)
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As always, Please let us know if you have any questions or thoughts you would like to share regarding our community and real estate. We hope to see you at some point throughout 2023! And, please let your friends and neighbors know we would love to help them as well to achieve their OBX Real Estate Dreams, whether that is selling their OBX home or they are looking to purchase one!
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Outer Banks MLS
See what's going on in your Town
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New Year, new things coming your way...and to start it off we have a GIVEAWAY
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Please enter our "Lands End Beach Towel Giveaway! If you love the Outer Banks, we know you need beach towels. Since most of you either own a home, vacation on the OBX or a goal of being an OBX homeowner one day, we are guessing you would love FOUR of these beautiful, personalized Rugby Beach Towels from Lands' End.
All you need to do is email me at kargiroff@gmail.com and include GIVEWAY in the subject line of your email. We will be drawing a lucky winner's name early February. Hope to see your name in the giveaway! Happy 2023!
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Dare County is holding a meeting to discuss Beach Erosion in the quaint town of Rodanthe (Today, January 18th). Let's keep our fingers crossed, they need it!
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The Pioneer Theater in Manteo closes its door after a century due to a decrease in attendance, an increase in cost and change in the theater industry.
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Alligator River Bridge replacement is a step closer to reality due to the $110 million grant they were just awarded. The proposed replacement project would build a new two-lane fixed-span bridge just to the north of the old one, allowing both marine and vehicle traffic to pass unimpeded. NCDOT is planning for construction to begin no later than 2025. If you are traveling to the OBX from the Raleigh and surrounding areas this is a win for you! Stay tuned for updates as they come along.
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Do you own property in Southern Shores or considering purchasing in the SS community?
If so, they are updating their Land Use Plan that will serve as a guide for decision makers for growth and development decisions, future investments, programs, services and policies for the next 10 to 20 years. You can follow the project here.
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Southern Shores Land Use Plan Public Survey Results
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Top Five Concerns for the Future of Southern Shores
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1. Traffic congestion
2. Preserving the natural environment, wetlands, canals, maritime forest, beaches, wildlife, etc.
3. Maintaining adequate public safety and emergency services response levels
4. Increasing safe walking and bicycling options
5. Expanding, upgrading, or maintaining public infrastructure (e.g., water, stormwater, roads)
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It's the winter season on the OBX and it's a time quite a few of our business owners use to reorganize, remodel their business, or just close to take a vacation themselves. If you are here vacationing January or February, you may want to check to see if that favorite restaurant of yours is open. Or call me!
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I shared my best of the beach last month but here are some of the OBX Today's official winners of their Best of the Beach contest. More than 49,000 ballots and over half a million individual votes were cast for your favorite OBX restaurants, shops, etc. etc. I know a lot of you will be spritzing up your home prior to this year's rental season so here are the names of the Home maintenance vendors that won the "BEST OF THE BEACH"
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⭐ Best Plumber: Absolute Plumbing
⭐ Best Home Improvement/Handyman Company: Wake Zone Services
⭐ Best Landscaper: Clean Cut Tree & Landscaping
⭐ Best Tree Care Company: OBX Tree Doc
⭐ Best Carpet Cleaner: Atlantic Carpet Cleaning OBX
⭐ Best Heating & Air Company: Anderson Heating & Cooling
⭐ Best Propane Company: T. Jones
⭐ Best Appliance Repair: Next Door Maintenance
⭐ Best Pest Control: OBX Pest Control
⭐ Best Local Construction Company: Soundside Construction
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Storm hits OBX Two days before Christmas
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Who doesn't like excitement, right! See the picture of our backyard when an unexpected storm hit the Friday before Christmas (23rd). We had soundside flooding from Hatteras to Corolla. Our humble abode is located on the water in the community of Kitty Hawk Landing. By 1:00pm that Friday the water breached our bulkhead (we were not expecting that). Luckily it came and left without any damage to our house, however, quite a few cars were towed in the area from flooding.
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Dinner & Drink Series starts at Red Skye Café in Duck! If you are in town, this will be an event you won't forget.
Call Red Sky now to reserve tickets – 252-261-8646
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Event Description:
Join us at Red Sky Cafe for a celebration of local spirits & foods with bold flavors of the Wild, Wild West! Wear your favorite Yellowstone gear. Boots and hats are welcome. Yeehaw! Text (252) 619-7181 to reserve your table
When is the Event?
Wednesday, January 25, 2023 - 6:00 pm
Where is the event?
Red Sky Café, Duck
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Have You Booked Your 2023 Outer Banks Rental Home?
We Have Some Exceptional Homes That Still Have Some Availability
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TARGET will be opening on soon and will have an Ulta Beauty Section, CVS, a Grocery section & Starbucks. MARSHALLS, RACK ROOM SHOES & WAWA should open soon afterwards. Some more conveniences for the OBX!
Mark Your Calendars for Some of the Best Upcoming Outer Banks Events Happening This March
OBX WEDDING EXPO - Saturday, March 4th to Sunday March 5th. This is one of my favorite events! The best food vendors around are at this event sharing samples of some of their yummiest menu items.
OBX TASTE OF THE BEACH – FOOD, DRINK & FUN – Mark your calendars for the weekend of March 24th & 25th.
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Of Course we need to recognize that January 27th is National Chocolate Cake Day!
This is one of my easiest favorite desserts to make. Just put in the crock pot for 4 hours and serve hot! Everyone Loves it!
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Slow Cooker Chocolate Lava Cake - SO EASY
1 pk of devil's food cake mix
1-2/3 cup of water
3 large eggs
1/3 cup canola oil
2 cups cold 2% milk
1 package (3.9 ounces) instant chocolate pudding mix
2 cups of semisweet chocolate chips
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Directions:
In a large blow, combine cake mix, eggs, water, and oil - beat for 2 minutes. Transfer to a greased 4 qt crock pot.
In another bowl, whisk milk, pudding mix for 2 minutes. Let stand until soft-set, about 2 minutes. Spoon over cake batter and sprinkle with chocolate chips. Cover and cook on high for 3 to 4 hours. Serve warm! Enjoy!
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WE LOVE TO STAY BUSY & WE LOVE REFERRALS
Know someone that is looking to SELL OR BUY? Please give them our information! It is a tough market, and we are navigating through this challenging market on top and coming out with happy sellers & buyers.
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*From 2005 to Present | Each office is independently owned and operated.
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