OBX Realtor | November 2021
If you asked us for one piece of advice on what you can do to maintain your OBX home, our answer would be to make sure you have a home inspection by a certified home inspector every 5 to 7 years.
WHY? See our below article from the October newsletter.
Now, we are putting our money where our mouth is and we are having a December “Home inspection” giveaway. That’s right, we will pay for a home inspection for one lucky OBX homeowner.
It may be the best giveaway you ever entered! How to enter:
Send an email to kargiroff@gmail.com and type GIVEAWAY in the subject line and give us your OBX address. Winner will be notified December 10th.
Why Home Inspections are Important
Do you watch HGTV? If so, I know you look forward to upgrading your Kitchens, Baths and Flooring and all the things that make our homes pretty. However, if you are like me, you may miss upgrading some of the unseen basics of the home such as windows, hot water heaters, siding issues, fireplace issues etc.
Our homes are one of the most expensive investments we make in our lifetime and that’s why we highly recommend you have a home inspection every 5 years. It’s surprising to see some of the items that show up that we are unaware of. Spending a little now to keep your home in tip top shape will save you lots of $$$ down the road.
A typical home inspection cost $600.
Here’s an example of a home inspection report Ben Watson shared with us. We are always here and happy to set something up for you with Ben, or feel free to call him directly, he’s the best!
Did the Outer Banks real estate market slow this summer and will it continue?
Yes, the number of sold properties decreased and the number of contracts written (and accepted) decreased. Here’s the data. According to September’s numbers, it looks like it was only a typical, seasonal dip. Great news for us!
More good news:
The new listings are actually not dramatically down like so many think. In fact, new listings have been about the same for each month over the previous year, since 2011!
It appears it’s a good time to be a seller AND a buyer.
A rare cycle in a sales market. But who’s winning? I think the tie-breaker is "Average Days on the Market" and it goes to the sellers.
Each month since August of 2020 "Average Days on the Market" has dropped.
Thanks to years of old inventory finally all being sold off, the current "Average Days on Market" is less than 30 days for the first time ever.
So inventory is relatively the same; days on market is down. It’s a great time to be a realtor.
Still don’t believe me?
Every year follows similar seasonal trends. January is the lowest month of under contracts, April is the highest. Even this year we see the same, the difference is how far the number shot up since October 2020.
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Some More Good News for Buyers
Are you wondering if you should purchase now?
Goldman Sachs: Home prices will rise another 16% in 2022
Investment bank doesn't foresee big boost in inventory anytime soon
The rapid increase in home prices over the past year is due to a number of colliding factors, including low interest rates, tight housing inventory, pandemic-induced migration patterns and an increase in millennials entering the home buying market. In addition, as fears of inflation increase, many investors are purchasing properties as a hard asset.
“The supply-demand picture that has been the basis for our call for a multi-year boom in home prices remains intact,” wrote a Goldman Sachs team of economists led by Jan Hatzius in a recent note, according to Yahoo! News, which first reported the story. “Housing inventories remain historically tight, and surveys of home buying intentions remain at healthy levels.”
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WHERE TO EAT THANKSGIVING DINNER ON THE OBX
RED SKYE CAFÉ, DUCK
BUFFET STYLE, 11 AM-3 PM
ADULTS $38-CHILDREN 12 & UNDER $18 –
RESERVATIONS RECOMMENDED CALL / TEXT (631) 601-7538
BASNIGHT’S LONE CEDAR, CAUSEWAY TO MANTEO
BUFFET STYLE, 10:30 AM – 7 PM
$39.95 ADULTS: $19.95 UNDER 12: UNDER 5 FREE
RESERVATIONS - WALK-INS WELCOME - CALL (252) 441-5405
CAPTAIN GEORGE’S, KILL DEVIL HILLS
BUFFET STYLE, 11:30 AM – 9 PM
ADULTS - $47.99 AGES 5-12 $22.99 AGES 4 & UNDER $5.99
NO MENTION OF RESERVATIONS
LIFESAVING STATION @SANDERLING, DUCK
TABLE SERVICE - OPENING FOR ONE NIGHT ONLY, SANDERLING RESORT
PRESENTS A SPECIAL 3-COURSE THANKSGIVING DINNER
1:30 PM Seating: $95 per person
4:30 PM Sunset Seating: $125 per person
7:30 PM Seating: $95 per person
SPACE IS LIMITED ~ MAKE YOUR RESERVATION TODAY
OCEAN BLVD BISTRO, KITTY HAWK
TABLE SERVICE, 3 PM -8 PM
ADULTS $65, 12 & UNDER $25
RESERVATIONS RECOMMENDED CALL (252) 261-2546
OWEN’S RESTAURANT, NAGS HEAD
TABLE SERVICE A LA CARTE
VISIT WEBSITE FOR MENU & PRICING
RESERVATIONS RECOMMENDED CALL (252) 441-7309
BEACHSIDE BISTRO @ SEA RANCH, KILL DEVIL HILLS
12 PM – 4 PM
RESERVATIONS REQUESTED CALL (252) 255-1063
VISIT WEBSITE FOR MENU & PRICING
KELLY’S CATERING, KILL DEVIL HILLS
TAKE OUT ONLY, POSSIBLY DELIVERY
VISIT WEBSITE FOR MENU & PRICING
NC COAST GRILL & BAR, DUCK
TABLE SERVICE, 4 PM -9 PM
RESERVATIONS CALL (252) 261-8666
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Christmas shopping stressing you out like Melissa McCarthy?
Why not shop the OBX? We have some fantastic stores!
THIS WILL GET YOU EXCITED
Duck Guide for Shopping: https://duckncguide.com/shopping
Corolla: https://corollaguide.com/shopping
Nags Head: https://nagsheadguide.com/shopping
Kitty Hawk: https://nagsheadguide.com/shopping/kitty-hawk?page=1
We are always listing & showing homes every month throughout the year, including the month of December. Along with that, we use the month of December to plan for the following year so we can always bring our clients the best service available. We wish you all a HAPPY HOLIDAY SEASON, THANKSGIVING, CHRISTMAS AND HANNAKAH. We appreciate all of you and your business! We have had some awesome reviews from our clients this year and hope you keep us in mind if any of your friends or family would like to purchase or sell a home on the OBX. We will take excellent care of them!
CHECK OUT OUR LATEST ZILLOW 5 STAR REVIEW
Highly likely to recommend|5.0
"Very available. Made some suggestions I kind of wondered about. However , house sold almost overnight at more than price listed. She certainly knows what sells a house. A privilege to have had Kathleen as an agent."
Kathleen and Alex Argiroff (The Argiroff Group) hope you enjoyed this installment of OBX Realtor.
As always if you, a family member or friend are thinking of buying, selling or just want to get an idea of what your property is worth in today’s market don’t hesitate to call, text or email. We always look forward to hearing from you!
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*From 2005 to Present | Each office is independently owned and operated.