Coastal Carolina Vacations and Sales, Spring 2024 Newsletter

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Prepare your vacation rental for a season of fun and safety! Spring is the time of year we shake off what the winter winds have left for us. We clean the windows to better see the budding flowers bloom, and we spray the pollen off our green-coated porches. Spring is also the time to prepare our rental properties for the upcoming rental season.

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VACATIONS AND SALES Coastal Carolina OBXCarolina.com REAL ESTATE NEWSLETTER SPRING 2024 COASTALCAROLINAOBXSALES.COM Jessica Evans 252.305.0629 jevans@obxcarolina.com Connie Burke 252.573.9564 cburke@obxcarolina.com Vanessa Watson 252.202.8181 vwatson@obxcarolina.com Randy Nance 252.202.3374 rnance@obxcarolina.com FEATURED COMMUNITY WHALEHEAD CLUB, COROLLA Search ALL Outer Banks Real Estate listings here: CoastalCarolinaOBXSales.com
Ready, Set, Safe!

We all know about deep cleaning our properties. We scrub all the cookware and dishes, we pull cushions off sofas and drapes off sliders. We dust all the hard to reach areas and clean ceiling to baseboard. But how much do we do to consider the safety of our guests?

Our guests trust us to provide a safe and secure environment for their family and friends. When they arrive at our homes, it’s often for the first time, and often after dark. If you don’t already provide it, you might consider adding motion sensor lighting to the entry area of your home (motion sensors are advisable versus lighting on switches, so the lights aren’t on when not in use—saving money, and reducing midges and light pollution). If you already provide outdoor lighting, check to make sure it is all working properly and replace burnt out bulbs.

It is reported in the vacation rental industry that most injuries in vacation homes result from slips, trips and falls. Consider removing any loose rugs from entry ways and hall ways. Ensure your stairway handrails and deck pickets are secure. Inspect your deck and outside walkways for loose boards or nail pops.

Pool safety is paramount at rental

properties. If you have a pool at your home, check to ensure all gates are secure and any doors leading directly into the pool area have working pool alarms. You might also consider providing a pool hook and life ring within arm’s reach of the pool. And replace any broken pool and deck furniture. The only thing worse than getting pinched by cracked pool chairs, is falling through broken ones.

The Outer Banks experienced a tragic fire last year that brought fire prevention to the forefront of everyone’s attention. Make sure you have smoke detectors properly placed throughout your home, and that they are tested and the batteries are changed regularly. Do you have an adequate number of fire extinguishers? Make sure they are located where guests can easily find and operate them in an emergency. Now is the time to check the pressure and expiration.

Consider inviting a new friend or neighbor to come to your home and walk around. See if they have difficulty finding what they need. Do they slip or trip on anything? It’s a good way to see how our guests might experience our homes. Or, of course, if your home is managed by a property manager,

ask for a pre-season inspection with any recommendations for making your home safer for your guests.

While we can’t possibly avoid every potential pitfall or accident that might occur in our homes, by taking some proactive steps, we can make sure our homes are as safe as can be for our guests. After all, our aim is to ensure our visitors have a wonderful time during their vacation. By creating a safe and enjoyable environment, we’ll leave them eager to return.

Pre-Season Safety Checklist

• Hammer-in raised nails on decks, walkways and step treads

• Secure loose deck pickets, railings and step treads

• Secure or remove loose throw rugs

• Remove or repair broken pool and deck furniture

• Remove open-flame candles or torches—replace with lanterns and flashlights in case of a power outage

• Clean your dryer for built-up lint

• Do you have the adequate number of smoke detectors in your home?

• Have you changed the batteries?

• Do you need a carbon monoxide detector?

• Do you have an anti-tip mechanism on your range/oven?

• Do you have an automatic shut-off mechanism on your coffee maker?

• Do you have an adequate number of fire extinguishers? Have they been inspected?

• Do all top bunk beds have railings? Are they too close to a ceiling fan?

Search ALL Outer Banks Real Estate listings here: CoastalCarolinaOBXSales.com
Ready, Set, Safe!
THE HISTORIC WHALEHEAD CLUB, COROLLA

We know so many people love to eat out on the Outer Banks, but it isn’t easy to decide where to go. There are so many great options to choose from, so we have offered our favorites for you to enjoy the next time you head out to eat!

Connie

I am a big fan of Woo Casa, a friendly, small neighborhood restaurant in Nags Head. It is a happy place and the food is always fresh and the menu creative. The french fries are spectacular and come with a special house sauce on the side. Their fish tacos are my favorite. If the weather is good I like to eat outside. Service is prompt but you can linger and enjoy your friends. Give it a try.

woocasakitchen.com

Jessica

My favorite restaurant on the Outer Banks has always been The Blue Point in Duck. I have loved the crabcakes since I was about 10 years old! The waterfront setting makes it extra special with unforgettable sunsets and even live music at the back bar in the summertime. I always recommend this restaurant to clients, and it never disappoints. My husband and I love

Sunday brunch in the off season. I would recommend making a reservation if you are planning to dine while on vacation as it fills up fast.

https://www.thebluepoint.com/

Randy

One of the great benefits of living on the OBX is the many fantastic restaurants to choose from. One of my favorites is Tortuga’s Lie Located on the Beach Road in Nags Head, it’s been the go-to restaurant for my wife and I for over 30 years. It offers a great beach vibe, a tasty food selection with a Caribbean flair and the best fish tacos and french fries found anywhere.

https://www.tortugaslie.com/

A close second favorite is the Blue Moon Beach Grill Since its opening in 2009, Blue Moon has become one of the most popular restaurants on the beach due to its delicious menu selections and a staff that offers first class southern hospitality. Their new location has a great indoor and outdoor bar to relax and socialize. I would definitely recommend getting advance reservations to avoid the customary wait.

https://www.bluemoonbeachgrill.com/

Vanessa

There are so many scrumptious restaurants on the Outer Banks it is difficult to select a favorite. For that reason, I’ll highlight two today! The Saltbox Café is located on Little Colington Island and serves lunch and dinner as well as a delicious Sunday brunch. The service in this charming cottage-like restaurant is impeccable! I love the crab cakes, the shrimp and grits and, for that matter, any of the fresh seafood on the menu! The specials are always delightful and the desserts mouthwatering! I usually make a reservation!

http://www.thesaltboxcafe.com/

Looking for a restaurant that specializes in Mexican but also Latin-American cuisine with a touch of Baja, Tex-Mex and good old Coastal Carolina while at the beach? Bad Bean Baja Grill in Kitty Hawk checks all those boxes! The fresh catch of the day, fish tacos, are my favorite but the pork belly tacos are heavenly as well. There are so many options from black bean burgers to quesadillas to salads, sandwiches, and wraps. The service is excellent and the salsa is amazing!

https://badbeanobx.com/

Search ALL Outer Banks Real Estate listings here: CoastalCarolinaOBXSales.com Agent Favorites!

MARKET SALES

MARKET NOTES

• Active listing inventory continues to increase slightly month-over-month. Residential listings are up 23% from a year ago at 535 for all of the Outer Banks. The pre-COVID range for active residential listings was 1200–1500.

• Listings under contract are back within the historical normal range between 300–400.

• On average, listings are selling at 97.5% of list price.

• Though Units Sold are down slightly from pre-COVID year of 2019, property values remain about 60% higher than the 2019 values.

• The Average Days on Market this year is 58 days, slightly lower than this time last year. Still historically low—mostly due to the low inventory. Interest/buyer demand for Outer Banks property remains relatively strong, just not at the record levels seen in 2021 and 2022.

Search ALL Outer Banks Real Estate listings here: CoastalCarolinaOBXSales.com
YEAR RESIDENTIAL UNITS SOLD DAYS ON MARKET MEDIAN SALES PRICE TOTAL SALES VOLUME 2024 296 58 $562,500 $213.7M 2023 325 61 $503,000 $208M 2022 559 43 $569,900 $415M 2021 656 79 $446,500 $360.6M 2020 373 115 $340,000 $417.3M DATA OBTAINED FROM OUTER BANKS ASSOCIATION OF REALTORS FOR PERIOD 01/01/2020 THROUGH 3/15/2024..
Search ALL Outer Banks Real Estate listings here: CoastalCarolinaOBXSales.com TOWN 2024 2023 2022 2021 2020 Corolla 50 47 92 129 44 Duck 20 16 43 40 28 Southern Shores 14 13 27 22 19 Kitty Hawk 21 18 24  26 15 Kill Devil Hills 57 47 87  89 55 Nags Head 19 31 53 73 39 Roanoke Island 16 22 34  38 27 Hatteras Island 29 47 96 107 52 RESIDENTIAL UNIT SALES BY TOWN DATA OBTAINED FROM OUTER BANKS ASSOCIATION OF REALTORS FOR 1ST QUARTERS FROM 2020 THROUGH 2024 AVERAGE SALES PRICE BY TOWN DATA OBTAINED FROM OUTER BANKS ASSOCIATION OF REALTORS FOR 1ST QUARTERS FROM 2020 THROUGH 2024 TOWN 2024 2023 2022 2021 2020 Corolla $1M $920K $1.1M $779K $565K Duck $926.1K $1.1M $1M $680K $572K Southern Shores $1.5M $711K $997.2K $735.4K $552K Kitty Hawk $556.5K $687.5K $555.1K $457.2K $369K Kill Devil Hills $605K $518.3K $608.6K $386.1K $338.4K Nags Head $899.5K $755.2K $1M $746.2K $514K Roanoke Island $834.7K $633.9K $591K $467.2K $293.7K Hatteras Island $697K $704.95K $588.5K $480.55K $384K

TIPS FROM THE TEAM

FOR BUYERS:

1. Get pre-qualified from a local OBX lender.

2. Be ready to move quickly on your chosen listing.

3. Be prepared to offer some amount of Due Diligence Fee to the seller with your Offer to Purchase.

4. For cash offers, make sure you have a Proof of Funds verification letter.

5. Shopping for homeowners insurance should be a top priority upon getting a listing under contract.

FOR SELLERS:

1. Make sure your agent uses a professional photographer for listing photos.

2. Address any known repair issues.

3. Know your closing costs:

a) Realtor Commission;

b) Dare County Transfer Tax @1%;

c) NC State Stamp @ .2%;

d) Closing Attorney ~$500; and

e) Prorated property taxes & HOA dues

Interested in receiving an accurate assessment of your home’s current market value?

Call our experienced sales team at 252.489.2121.

Search ALL Outer Banks Real Estate listings here: CoastalCarolinaOBXSales.com

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