1

Outer Banks Real Estate Update

Matt Huband, SFR

PO Box 2223

Kitty Hawk, NC 27949

Office: 252-255-0221

Cell: 252-480-9283

Fax: 1-866-902-4479 ———————————

Subscribe to

Outer Banks

Real Estate Update

July

Maximum

Temperature

86F

Minimum

Temperature

72F

Water

Temperature

78F

Precipitation 5.3In

Wind 11mph

Outer Banks Weather

Real Estate Update

JULY 2010 www.OBXRealtyGroup.com

All information in this newsletter is deemed reliable but not guaranteed.

OBX Real Estate

iPhone App now available!!!

Search OBX

listings from your iPhone. It’s FREE!!

User Code 5191

The overall market continues to gain

momentum and with half the year over it

seems the Outer Banks market is on track for

a very successful year. Contrary to what you

hear about the national real estate market on

TV or read about in the papers the Outer

Banks market is not 2-3yrs away from

recovery. The Outer Banks market bottomed

out 8 months ago and is well on the way to

recovery if it has not already done so. Due to

the nature of the Outer Banks market it has

statistically been a leading indicator of the

national real estate market.

Here are 3 good reasons to get into the

Outer Banks market:

1) I am now starting to see houses that are

being regularly sold with a 8-10% Gross

ROI (Return on Investment).

2) Mortgage rates have surprised

everyone and have dropped close to all time

lows. Current rates are holding steady

between 4.6% to 4.85%.

3) What has been a pleasant surprise is the

strength of the rental market. This time last

year many companies were still trying to

fill up weeks for July and August, not this

year. Those who have waited to book their

rental house in hopes of getting a discount

are finding out many companies are booked

up for the summer or they can not get the

house they desire. Not to mention with all

of the oil problems for the gulf states the

Outer Banks has benefited with new tourists

that would not normally vacation here.

Things are shaping up to be a banner year

in terms of rentals which in turn leads to

great rental income!!

To book your trip to look at real

estate on the Outer Banks email:

obxrealtors@gmail.com

Or

252-255-0221

I know everyone is looking for the best deal in their price range and I am working hard to find it so

you don't have to. So I came up with a ―HOT DEALS‖ page on the website.

Here is how the page will work: It will be searchable by town and location (Oceanside/BW Hwys

or Westside). Once you click on the town and location the properties will be in price order. Each

property will stay on the page until it’s status is changed, meaning under contract, sold, or with-

drawn. Every week the page will be updated at least 3 days with the new “HOT DEALS” of the

week so bookmark the page and check back often. If it’s on the page and in your price range it’s

an Outer Banks ―HOT DEAL‖!!

The one or more criteria for making the ―HOT DEALS‖ page are: Price below current tax

value, Price below 2005 price levels, ROI (Return on Investment) at 8% or higher, Condition of

home, Best in price category and/or location.

Now out of 3500 listings I may miss a few so if you find a listing that your interested in and

it’s not on the page just contact me for more information.

New “HOT DEALS” Page At OBXRealtyGroup.com

2

Outer Banks Upcoming Events

Local Outer Banks News

All information in this newsletter is deemed reliable but not guaranteed

Outer Banks Plastic Bag Ban Expands 10-1-10

Beginning this fall, Outer Banks all businesses in

Currituck, Dare and Hyde counties will be

required to bag customers' purchases in recycled

paper bags or, better yet, reusable cloth bags,

under the General Assembly's approved budget

plan for the coming year. Customers using

reusable bags will be entitled to a cash refund

worth the cost of the bags not used in the purchase.

Read the full story of

Outer Banks Plastic Bag Ban

in the Daily Advance

For more information about Outer Banks events go to Outer Banks Visitors Bureau

Plans For Offshore Wind Turbines

Plans are moving forward that could see up to three

wind turbines placed in the Pamlico Sound as early

as next year to provide power for homes on the

Outer Banks. It's all part of a first step that could

see massive wind farms placed out in the ocean.

The demonstration project would see the turbines

placed in the Pamlico Sound, likely ten miles west

of Avon and northwest of Buxton. The turbines

would provide about ten megawatts of power for

about 3,000 homes.

For more information go to OBX Wind Turbines

July 4 America Celebrates/July 4th Fireworks with the Town of Manteo

Outdoor Pavilion at Roanoke Island Festival Park. 8 p.m. Enjoy music and fireworks. Bring a picnic and celebrate America! Free. (252) 475-1500 or roanokeisland.com

July 10 - 11 31st Annual Wright Kite Festival

Wright Brother’s Memorial, Kill Devil Hills. 10 a.m. to 4 p.m. Come see a 100 ft. octopus, 50 ft. scuba diver and many other kites dance in the air during this jaw dropping event. Stunt kite demos, games, kids kite making and contests. (877) FLY-

THIS, (252) 441-4124 or kittyhawkkites.com

July 1-3, 5-9,12-16,19-23, 26-30 The Comedy Club of The Outer Banks

Ramada Plaza Hotel, Kill Devil Hills. Directly across the street from the Lighthouse entrance. Every Wednesday. For more

July 7 - 8 The OBX Summer Arts Festival

Hilton Garden Inn in Kitty Hawk. 9 a.m. to 5 p.m. Free admission and feature local artists. For more information call Char-

August 8 9th Annual "OBX BANK" Sandbar 5K

8 am, MP 4.5 Beach Access. Set on the Sands in front of the "Old Station" public bath house in Kitty Hawk. This 5K beach run/walk charity race benefits the Outer Banks Relief Foundation. Entry fee is $25 until July 30th and $30 from July 31st on.

Online registration available at active.com before August 6th. 400 Person cap on registration so register early!

3

All information in this newsletter is deemed reliable but not guaranteed

Summer Beach Safety Being a full time resident on the Outer Banks I go to the beach often and every

year I have to rescue someone from drowning or pull a child out of the surf that

has been swept out by the waves. As a parent with 2 children here are some rules

I live by while at the beach that will hopefully keep your family safe as well.

Never let a child swim in the ocean with out a parent first going into the water

to determine how strong the current is

Never let a child swim in the ocean without a parent next to them

Never let a child play in the surf zone on a rough day.

The waves can knock them down and pull them out into the water

Do not swim in the water when the red flags are up on the beach.

Red Flags mean that swimming conditions are life threatening

Rip Currents pose the most risk to swimmers.

Here is a great video on how to spot rip currents and get out of them.

Wear a sun shirt, sunscreen, and re-apply every 2-3 hrs or more if you spend a

lot of time in the water

Please be respectful of our beaches and throw all trash in trash cans or bring a

trash bag with you

Please only walk over the dunes on designated walking paths

Please recycle all plastic bottles, glass bottles, and cans

Please be safe and enjoy our beautiful beaches

4

All information in this newsletter is deemed reliable but not guaranteed.

Matt’s Outer Banks Favorites

MEDICAL HOUSE CALLS offers evaluation and treatment for adults and children

with common non-life threatening illnesses and injuries such as ear infections, flu,

fever, swimmers ear, sore throats, etc. when your personal physician is not avail-

able.

We are not meant to replace the Emergency Department for true emergencies, or

your regular physician for management of chronic illnesses or conditions. Instead,

we hope to provide a convenient service to you by taking care of those unexpected

illnesses that arise.

If you are a visitor to the Outer Banks, and would prefer to have a medical pro-

vider meet you at your rental cottage or hotel, instead of fighting traffic to seek

treatment, MEDICAL HOUSE CALLS is a convenient solution for you.

Medical House Calls –252-475-2007

The Outer Banks Hospital, located in Nags Head, North Carolina, at MP 14 is

a full service critical access hospital offering a wide range of inpatient and out-

patient services. OBH opened in March 2002 and is one of the newest hospi-

tals in eastern North Carolina. Our Emergency Services-The Emergency De-

partment employs physicians who are board certified in emergency medicine

and a trauma-trained RN staff who are supported by unit secretaries and nurs-

ing assistants. During the summer, a Minor Care section helps accommodate

the increased volume that accompanies the tourist season. 1-877-359-9179

Albemarle Health's Regional Medical Center, located in the Outer Banks of

North Carolina, is a state of the art facility with elite medical professionals,

providing the highest quality of medical care. Regional Medical Center's ser-

vices include Urgent Care and Family Medicine (provided by Beach Medical

Care, Ltd.), Same Day Surgery, and Radiology which features MRI, Mam-

mography, and CT.

Regional Medical Center

5200 North Croatan Highway

Kitty Hawk, NC 27949 (252) 255-6000

5200 North Croatan Highway (252) 255-6000

5

Current Listings

All information in this newsletter is deemed reliable but not guaranteed.

Matt Huband, SFR-Broker/Owner 252-255-0221

OBXRealtors@gmail.com www.OBXRealtyGroup.com

Call or email me today to set up your visit to the

Outer Banks and find your beach house!!

Nags Head

Duplex with separate

entrances, 3 lots to

the beach!!

$950,000

Call for information

Click On

The Pictures For More

Information

Corolla– Oceansands

2Bd/2 1/2 Bth Condo

Easy Walk To Beach

Great Rentals

$225,000

MLS#62036

SHORT SALE!

Nags Head-Westside

3Bd/2Bth

Great Fixer Upper w/

pool, close to beach

$196,000

MLS#63983

Priced Below Tax

Waves Oceanside

3Bd/2Bth

Walk to Beach

Furnished

$199,000 MLS#65036

Waves Oceanside

3Bd/2Bth

Walk To Ocean

Great beach house

$150,000 MLS#65041

Kill Devil Hills-Westside

2Bd/1Bth

Complete Remodel

Classic beach house

Close to beach & pier

$178,900 MLS#65126