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Your Complete Guide to OBX Real Estate
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Outer Banks Real Estate Insights and News
March 2017 - Brought to you by The Jones Group
11% more properties went under contract in February than did in January!  Residential sales are up 18% compared to the same time last year.  Both of these are very encouraging as we enter our spring selling season.   However, prices remain very consistent, only up 1% from this time last year.   One item that warrants keeping an eye on is the fact that bank owned sales are up 70% so far in 2017 compared to 2016.   We are only a couple months in so this is likely just a matter of low numbers so a few additional sales dramatically increases the percentage.  Overall the signs continue to be encouraging for a stronger 2017.
 
In addition to the encouraging signs of the market, the Outer Banks continues to impress when compared to beaches on the east coast and around the world.   We are seeing increased recognition every year due to more and more people finding about our beautiful beaches.  This exposure will help increase vacation rentals which ultimately increase home values…
Southern Living Magazine ranks the Outer Banks as the Number 1 Island in the south.

Matador Travel Network ranks Kill Devil Hills as one of The 20 Coolest Beach Towns.

Conde Neste Travel Magazine ranked the Outer banks as one of their
Top 10 Best Beaches in the US in 2016.
Market Stats
Trying to decide if you are ready to sell your Outer Banks home?  
Finding out the value of your home may be the last step you need to take.  
For a Free Market Evaluation visit www.OBXHouseValues.com.
We'll not only give you a market value, we'll also give you recommendations to improve the saleability of your home should you decide to sell OR to help increase your rental income.
No Cost.  No Obligation. 
Featured Listings
New Listing
1204 Cardinal St, Kill Devil Hills
4 BR | 3 BA | Over 1700 Sq Ft
Brand New Construction!
Offered at just $322,500
New Listing
104 Spyglass Rd, Duck
Very Large Building Lot with Gorgeous Sound Views!
Only $299,750
New Listing
26 Twelfth Ave, Southern Shores
3 BR | 2 BA | Over 1700 Sq Ft
Absolutely Charming!
Offered at just $337,500
Don't Miss This Home!  
This view could be yours!

130 Spindrift Ct, Duck
4 BD w/ an Optional 5th | 5 BA | 2784 Sq Ft
Semi-Oceanfront w/ Unbelievable Oceanfront Views!    One of the BEST locations on the Outer Banks!
Offered at $915,000
Randy Jones, Broker
Lynn Sherman, Broker
The Jones Group with Resort Realty
252.202.2573
randy.jones@resortrealty.com
www.jonesgroupobx.com 
Copyright © 2017 The Jones Group, All rights reserved.


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