Category Archives: Nags Head

July 4th Celebration on the Outer Banks

OBX 4th of july events activities fireworks

It’s no secret that the best place to spend 4th of July is at the beach. Whether it’s family fun in the sun you’re looking for or a romantic night beneath a shower of fireworks, or even perhaps BOTH, the Outer Banks has exactly what you need to celebrate the perfect Independence Day.

Whether you choose to spend the day flying kites over Jockey’s Ridge in Nags Head, or body surfing in Kitty Hawk, no 4th of July is complete without the quintessential fireworks show and there’s no better place to see one than from a blanket on the Outer Banks. The limitless sky and numerous shows along the barrier islands provide views of multiple shows at once.

This year, our area will host four fireworks shows at the following (South end) locations: Avalon Pier in Kill Devil Hills, Nags Head Fishing Pier in Nags Head, fireworks over the sound in Manteo, and the Avon Fishing Pier in the village of Avon on Hatteras Island. Radio Hatteras will broadcast patriotic “Music for Fireworks” from 9 until 10pm and “Red, White & Blue” music until Midnight at FM 101.5 and 99.9. Tune in at 9pm to hear Bob Barris talk a little about the origin of Fireworks and offer a brief history lesson about the celebration of Independence Day. Then watch the sky light up to a very familiar Galactic tune, followed by a selection of patriotic music thanks to Radio Hatteras! To stream Radio Hatteras live on your computer, go to www.radiohatteras.org.

obx fourth of july fireworks

Corolla

Quite possibly the best fireworks on the Outer Banks can be found at the opposite end of the islands, in Corolla at the 26th Annual Independence Day Celebration. What better way to celebrate America’s independence than with free live music and a spectacular fireworks show on the northern Outer Banks! The Whalehead Club, located at 1100 Club Road just off of NC 12 and positioned right beside The Currituck Lighthouse, is converted into an outdoor festival from 3pm-9pm, for an afternoon of fun family activities. With food, fun activities, and a stage featuring music for all ages, the historic house provides a beautiful backdrop for an evening of fun. The grand finale comes at dusk, when spectators take to their blankets and lawn chairs and watch as the entire sky is taken over by massive displays of light and color. Definitely a must-see if you’re in the Corolla area!

obx fourth of july fireworks

Nags Head

The Town of Nags Head, in conjunction with the Nags Head Fishing Pier and the Outer Banks Visitors Bureau, will host the Annual Independence Day Fireworks Spectacular on Wednesday, July 4, 2018 at 9:25 p.m. on the ocean pier located at Mile Post 11.5 on NC Route 12, S. Virginia Dare Trail in Nags Head. The fireworks display will last approximately 20 minutes. Parking at and near the fireworks display site will be directed by the Nags Head Police Department. Those attending the show are encouraged to park east of U.S. Highway 158/S. Croatan Highway. Those choosing to park west of U.S. Highway 158/S. Croatan Highway should use extreme caution while attempting to cross this heavily traveled roadway.

 

The following public beach accesses are recommended for access to the beach for fireworks viewing:

South of Nags Head Fishing Pier:

North of Nags Head Fishing Pier:

Curlew Street

Bladen Street

Hollowell Street

Bittern Street

Conch Street

Bonnett Street

 

Barnes Street

 

Blackman Street

 

Jockey’s Ridge State Park is another ideal spot for viewing the fireworks. You can catch both Nags Head and Manteo displays atop Jockey’s Ridge. The park will be open late July 4th to accommodate visitors.

obx fourth of july fireworks

Start your day with a run. Run, or walk, across Jockey’s Ridge at the Killer Dunes 2 Miler. Afterwards, grab a hearty breakfast at one of our independently owned restaurants. During the day, watch the Town of Duck Parade, a one-mile parade route, is the same annually and begins at the crest of the hill on Scarborough Lane. The route follows Scarborough Lane towards the ocean, turns left onto Ocean Way, and then heads down Christopher Drive ending at Pamela Court. Afterwards, walk over the town park for music and festivities.

South of Nags Head, heading west over the causeway is the town of Manteo on Roanoke Island. This quaint small town has a delightful waterfront area, the Elizabethan Gardens, and the Aquarium which are all worth the ride. Head over to Manteo for a day filled with nonstop activities scheduled for their 4th of July celebration.

Manteo

Manteo Fourth of July 2018 Celebration

This year, the Town of Manteo is celebrating the 4th of July with new festivities and entertainment. At 10:30 am, there is a children’s concert presented by the 208th Army Band at Roanoke Island Festival Park Theater. This year there will be an “Independence Day Parade” down Queen Elizabeth Street. Everyone is invited to participate in the parade with their wacky hat, decorated bike and decorated golf cart. Families are encouraged participate together with the latest patriotic hat or bicycle. The Parade will start at approximately 3:15 pm beginning at the intersection of Queen Elizabeth Street and Ananias Dare Street and will end at the George Washington Creef Park at the Roanoke Island Maritime Museum. Be sure to bring your best homemade apple pie for the annual “American Apple Pie Contest”. Submit your entries at the tent in the park by 4:00pm. Judging will take place and winners will be announced at 5:30 pm. At 3:30 pm “The Lost Colony Choir” will perform at the Boathouse Stage in the park. At 4:00pm in the park, the “Firecracker Corn hole Tournament” will begin. Teams of two will compete for the grand prize to be the top firecracker in Corn Hole Competition. At 4:30pm the “Echoes of Heritage” will perform on the Boathouse Stage and you certainly don’t want to miss the “Sparkler Watermelon Eating Contest” that will start at 5:00 pm. At 5:30pm “The Crowd” will play on the Boathouse Stage until 7:30pm. At 8:00pm, the 208th Army Band will play patriotic songs at the outdoor pavilion at Roanoke Island Festival Park.

obx fourth of july fireworks

For those who appreciate a little history, head over to Island Farm at 1140 US Highway 64 in Manteo for the 1850 Independence Day celebration from 10am-4pm. Celebrate Independence Day 1850s style with Island Farm! Bring a picnic lunch to enjoy on the grassy lawn and commemorate our nation’s birth with musket-fire, games and a reading of the Declaration of Independence.

Continue the celebration at the Outdoor Pavilion at Roanoke Island Festival Park in Manteo. Bring a picnic, a blanket and the family and come early to post up for the fireworks show set to begin around sundown. An impressive display illuminates the waterway and Roanoke Marshes Lighthouse in a brilliant shower that is sure to make you happy you chose Manteo for your 4th of July fireworks show. There will be food vendors located in the parking lot next to the weather tower serving funnel cakes, lemonade, slushies, sausages, ribbon fries, barbeque and much more! Certainly sounds like a great celebration of our country’s birthday on the waterfront in downtown Manteo.

Where are the BEST fireworks on the Outer Banks? Anywhere you gather with family and friends to celebrate Independence Day and the birth of this great nation! The Outer Banks has plenty for you and the family to enjoy, while offering a spectacular natural setting that will make you proud to be an American!

obx fourth of july fireworksCall today to schedule an appointment to view property for sale anywhere from Corolla to Hatteras Island in the Outer Banks. Each of our wonderful beach communities have a varied assortment of vacation, retirement, and investment properties. From lots, condos, town homes, 3 bedroom single family homes to 12+ bedroom vacation rental machines for extended families or groups.

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Key items to consider when buying an Outer Banks property

OBX Coastal Houses

How much do you want to invest? This factor is a great starting point.  A realtor can provide you a list of availability in the price range you are considering.  They can also give you information on the property tax based on the last billing period.  A discussion with your property insurance carrier is a good idea.  This way you can get a good picture of the primary annual costs associated with owning the property.  Be aware that wind & hail coverage and flood are often separate policies.

How will you pay for it?  Both your financing options, and your tax considerations (discussed below) are impacted by your planned use of the property.  If you are financing the purchase the decision to treat the home as a second home vs a vacation rental property determines the financing options available to you.  Generally financing institutions offer lower interest rates for second homes as compared to vacation rental homes.  We suggest that you discuss these options and implications with a trusted financial advisor.

Tax considerations are extremely important.  If you plan to rent the house, and your personal use is less than 15 days or 10% of the time rented, you can deduct the costs of maintenance and repair of the property, insurance, taxes, rental management fees, advertising and mortgage interest from the rental income you earn on the property.  You are also allowed to take depreciation expense against the rental income.  It is always a good idea to discuss major financial transactions with your tax advisor prior to making your final decision.

Do you plan to eventually retire to this home?  This is important because it may make a difference in what you are looking for in the home.  For example, storage is not as important of an issue as with a purely rental or vacation property as it would be for a future retirement home.

Are you interested in renting the property to offset costs?  In order to maximize your rental return it would be advisable to consult with a rental company in order to identify what amenities renters most desire that match your needs as well, along with past rental performance to make sure that you will make enough to offset costs. If past rental performance data is not available, make sure to ask a rental company for a rental projection of what the house will make yearly in rental income.

What activities are you most interested in when vacationing at the beach?  Our communities are highly diversified.   If relative seclusion is high on your list, the 4 wheel drive communities of Carova and Swan Beach are great for this.  If you want the convenience of nearby shopping and entertainment, the more populated communities may be more your style.  Explore the various communities to determine which best suites the needs and desires of you and your family.  After that you are ready to actively search for that perfect get-a-way you have dreamed about! To make the search a little easier, we have added some helpful information about each town located on the Outer Banks.  Happy hunting!

Corolla

Corolla, NC is known for its large sandy beaches, proximity to four-wheel drive areas and the home to wild Spanish Mustangs that roam the area’s beaches make for some of the most beautiful scenery North Carolina has to offer.  This community offers peaceful tranquility while only being minutes away from shopping and restaurants. Outdoor activities are abundant while offering alternative activities in town. Corolla is also home to many historical locations including the Whalehead Club and its neighbor, the Currituck Lighthouse.

Corolla offers the ideal combination of nature, activities and amenities. The wildlife trails and easy access to the sound creates the ultimate experience for nature lovers and avid paddlers.

Currituck Lighthouse, Corolla, NC

Watersports are abundant in Corolla. No matter if you enjoy kayaking, SUP, surfing, jet skis or any other water activity, Corolla is the perfect spot to enjoy fun in the sun. Purchase a kite and watch it soar high in the sky with Corolla’s beach winds.

Corolla’s shopping and restaurants are second to none. Each boutique offers something different and exciting including clothing, home goods and souvenirs. There is a wide variety of restaurants in Corolla including seafood, BBQ and cultural restaurants. No palate will be displeased in Corolla.

Corolla offers fun and relaxation for everyone in the family. No matter what your preference, Corolla offers a rewarding location for a new home.

Duck

Duck, NC offers access to highly rated beaches while maintaining its small-town charm. The small town offers easy access to the beach for ocean fun or the sound for leisurely activities. Bike paths throughout the town offer a wide area to safely bike from your home to town. There are great community events, such as markets, wine tastings and live music. Duck offers a great combination of seaside living with the small town feel.

There is always an activity in the town of Duck. Festivals, events, bands and parades are a regular occurrence in town. Duck is the perfect community for those who wish to walk to and from or bike. Everything needed for the home and for outdoor fun are within an easy walking distance.

Duck, NC sunset

The town has built and maintained a beautiful boardwalk on the soundside which is enjoyed by all. The boardwalk gives you access to soundside shops and restaurants. The shopping and restaurants are second to none in Duck. Offering a wide variety of entrees, Duck’s restaurants have received national recognition. The small mom and pop shops in Duck help bring the hometown feel to the area while offering boutique merchandise.

If you love the outdoors, Duck offers one of the best accesses to the beach and sound. No matter your watersport of choice, Duck can provide an excellent location. Windsurfers enjoy the steady breezes from the ocean, while parasailing occurs on the soundside.

The culmination of all the great amenities of Duck makes it easy to see why so many wish to live and vacation in the town. Duck provides a great new adventure along with small town beach life that so many desire.

Kitty Hawk

Kitty Hawk offers nature and the beach town atmosphere all in one. Many local Outer Banks residents call this town home. The town itself has worked hard to maintain a balance between urban development and maintaining its beautiful nature. Offering fun beaches, small shops, restaurants and a nature preserve, Kitty Hawk can make the perfect Outer Banks home location.

Kitty Hawk offers a wide variety of shops and restaurants. Many local artisans call Kitty Hawk home, opening shops on the main highway and on the beach road in converted homes. The merchandise captivates the essence of the Outer Banks and makes a great addition to any home. There are also many award-winning restaurants for all ages. Nightlife is abundant in many spots for adults to visit including wine bars and restaurants.

Kitty Hawk beaches are a short walk from any location in the town and offer fun in the sun for all. Many beach activities are readily available and there are many events held on the beaches of Kitty Hawk for all to enjoy. Dogs are welcomed on a leash and can enjoy the day at the beach with you and your family.

Kitty Hawk offers nature, activities, shops and restaurants that can make you fall in love with the Outer Banks all over again. Homes in this town are perfect for those who enjoy what the Outer Banks has to offer in nature and in shops.

Kill Devil Hills

Kill Devil Hills is in the heart of the Outer Banks of North Carolina. Centrally located to pristine beaches, watersports, shopping, restaurants and nightlife, Kill Devil Hills offers a prime location on the Outer Banks. Activities abound in Kill Devil Hills from the beach to the sound. The birthplace of aviation, Kill Devil Hills is home to the Wright Brothers National Memorial. This is the location of the Wright Brother’s First Flight in 1903. History meets the beach and makes for an amazing place to own a vacation home or even primary residence.

Kill Devil Hills offers a more urban feel including access to many grocery stores, shops, restaurants and a 10-plex movie theater. This town offers great nightlife with many locations and activities to choose from.

Wright Brothers Monument, Kill Devil Hills, NC

No matter the location in Kill Devil Hills, there is still easy access to the beach and sound, plus an abundance of fishing piers. Surf fishing is extremely popular in Kill Devil Hills. If you are looking for fun off the beach, check out of the many putt-putt courses and go-kart tracks in the area.

The continuously growing Bay Drive area is a prized possession for the town and community members of Kill Devil Hills. Bay Drive enables those to enjoy the breathtaking beauty of the Albemarle Sound. Bay Drive is located just north of the Wright Brothers National Memorial and runs along the scenic Kitty Hawk Bay. The area features multiple sound side gazebos and a bike path that is perfect for sunset cruises unlike anywhere else!

Nags Head

Nags Head is centrally located on the Outer Banks between the Northern Beaches and Hatteras Island. Its location provides access to great activities, adventure and attractions. Nags Head provides easy access to the beach and sound while providing the modern amenities needed. As one of the oldest towns on the Outer Banks, the rich history and beautiful nature of Nags Head does not disappoint.

Nature and history collide at Jockey’s Ridge State Park. Jockeys Ridge is the largest living sand dune on the east coast. Jockey’s Ridge is known for its great wind and makes the perfect place to fly a kite. For the more adventurous, hang gliding lessons are also offered at the ridge.

For anglers, Nags head is one of the best places on the Outer Banks and the east coast to fish. Nags Head has many piers for fishing use as well as Oregon Inlet that gives access to the Atlantic for fisherman. Deep sea fishing charters are very popular in Nags Head. Learn about the wildlife of the Outer Banks at Jennette’s Pier.

Nags-Head-NC-aerial-view-beach-sound-Jockeys-Ridge

The beaches are ranked nationally and water activities are a favorite. Many surf competitions are held in Nags Head every year because of the beaches above average east coast waves. It is also a great place for kiteboarders.

Nags Head also offers great shopping and restaurants. Many restaurants in Nags Head have been open over thirty years and are still run by the original Outer Banks families. Golfers will also enjoy Nags Head for its popular golf courses. Nags Head offers a variety of fun for the entire family. Home owners enjoy the proximity to activities and necessities while still enjoying the pristine nature that makes Nags Head a top vacation destination.

Hatteras Island

Home to the Cape Hatteras Lighthouse and the stomping grounds of pirates from centuries past, Hatteras Island offers true coastal southern charm. The island is made up of a variety of villages including Rodanthe, Waves, Salvo, Avon, Kinnakeet, Buxton, Frisco, and Hatteras Village. Each village has its own unique style, but they all make it exceptionally easy to take in the natural beauty of the Outer Banks.

No other part of the Outer Banks makes it so easy to enjoy our windswept coastline. With much of Hatteras Island surrounded by the Cape Hatteras National Seashore, finding your very own spot on the beach or soundside is as easy as parking your car and running over the dunes. Fishermen and water sports enthusiasts love visiting Hatteras Island due to its excellent inshore fishing, Gulf Stream accessibility, and quality waves that are common to the area.

Hatteras Island Highway 12 OBX

Rodanthe

Rodanthe, located on the easternmost point of Hatteras Island, was first occupied by local natives as far back as 500 AD. Rodanthe was originally called “Chicamacomico,” after the Native Americans. The town’s most famous attraction, the Chicamacomico Lifesaving Station, still retains the original name. The colonists from the “Lost Colony,” were believed to have landed on Hatteras Island before moving to Roanoke Island and then disappearing.

The geography and topography of Rodanthe makes it a world class destination for all kinds of watersports. On the sound side, stand-up paddle boarders, kayakers, windsurfers and sailors enjoy the large shallow water and prevailing winds. Surfers from all over the world flock to this area as a premier surf destination.

Rodanthe was the setting of Nicholas Sparks novel and subsequent movie, “Nights in Rodanthe” which portions were filmed on the island. The house, “Serendipity” used in the movie, has since been located about a mile south. It was the northeastern most house in Rodanthe. After the movie was completed, the house was damaged and condemned after a nor’easter storm in November 2009. The house was saved from demolition by a private businessman, Ben Huss, from Newton, North Carolina, and moved less than one mile south.

Rodanthe is one of the seven villages that make up Hatteras Island. If you enjoy nature and quiet peaceful living, look no further!

Avon

Avon, also known early on as Kinnakeet, an Algonquian Native American word meaning something that is mixed or several settlements bunched into one. The earliest settlers were the Native Americans. The town officially changed to be Avon in 1883 when the Post Office was opened.

Avon retains its small town charm while having the conveniences of modern life. Avon has the islands only chain grocery store and two fast food restaurants. Vacationers also enjoy the restaurants that satisfy every palate, a Spa, fishing pier and mini-golf course to provide enough entertainment without spoiling the remote island vibe.

The Avon pier is great to introduce the family to the joys of fishing or just to take a stroll and be entertained by others hauling in their catch.

Similar to the other villages of Hatteras Island, the water sports activities on the ocean and sound are top notch for lasting memories. Relocating or purchasing a vacation home in Avon is an ideal choice to please every member of your family or traveler.

Frisco

Located at the southern end of Hatteras Island, the small town of Frisco, NC is perfect for those who seek a quiet beach get away place. At the northern end of town are Buxton and Frisco Woods, perfect for the hiker or jogger who likes the treed canopy of the maritime forest. At the southern end, the island narrows and it is possible to enjoy both the sunrise and sunset from the deck of your beach house.

Frisco was one of the last areas of the Outer Banks to be developed for tourism. Eventually visitors were drawn to the area’s quaint village atmosphere, seclusion, its miles of beaches, and its unique maritime forest. Frisco has a character all its own.  It is the perfect destination for someone who wants to enjoy the wide open and uncrowded beaches.  While Frisco is a great place to find peace and solitude, it also has many family friendly attractions.

 

No matter where you choose to purchase your Outer Banks property, you can have peace of mind in knowing that each Outer Banks town will allow you to experience the beaches and laid back lifestyle that makes the OBX so attractive!  For more information on purchasing a vacation home or relocating to the Outer Banks, contact Eillu.  We are experts on the Outer Banks and are ready to help with your Outer Banks real estate needs.
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Affordable Oceanside Beach Home For Sale in Nags Head

Located on the very well-loved street of Memorial Avenue, this one of a kind home has everything you are looking for in a beach house.  Situated at 3203 S. Memorial Avenue in Nags Head, this charming home is listed for $439,000.

For starters, the location is amazing, sitting just steps away from the beach access. A large two-car garage offers lots of storage as well as a sought-after dry entry to the home.  You can’t help but notice the real hardwood floors throughout that also cover the stairwell that take you up to each level.  The home has 3 levels with generous covered and uncovered decks and balconies just begging one to stop and sip a cool beverage and enjoy the gentle ocean breezes.  This three-story home also offers breathtaking interior ocean views from both the second floor and third floor.

3203 S Memorial Avenue Ocean View

Speaking of breathtaking views – how would you like to relax in a jetted Jacuzzi tub with the beautiful ocean filled horizon in front of you? Well now is your perfect chance!

3203 S Memorial Avenue Ocean Views from Master bath

In addition to the Jacuzzi tub is a spacious walk-in shower, also surrounded by beautiful custom tile work.  Truly a dreamy bathroom! 

3203 S Memorial Avenue Master Bath     

The connecting Master bedroom adds to the dreaminess with its panoramic windows across one full wall, offering even more ocean views.  It’s hard to even escape the blue waters of the Atlantic Ocean in this gem of a home!

3203 S Memorial Avenue Master bedroom with Ocean View

Also located on the second floor are two guest bedrooms and another full bath with a linen closet and walk-in shower.  Both guest bedrooms offer access to the mid-level wrap-around sun deck.  This home only gets better as you go up to the top floor. 

3203 S Memorial Avenue Guest bedrooms with deck access

The coastal inspired reverse floor plan is ideal for large family vacations and spending quality time together.  The top floor includes the great room hub with a large open living room, dining area and kitchen where it is easy to have lots of activities going on while being able to look from one of many windows showcasing miles of breathtaking landscape.

3203 S Memorial Avenue Top Floor3203 S Memorial Avenue Top Floor Great Room from Kitchen

The kitchen includes generous counter space, pendant lighting and plenty of work space for the chef.  The spacious great room includes a gas fireplace, built-in wall shelves and a half bath connected to a very large pantry or storage closet with shelves – Talk about maximizing your space! 

The top floor also gives access to a large wrap-round sun deck with built-in seating area showcasing how special the location is and allowing the visitor to take in the expansive site of ocean views for as far as the eye can see.  It is perfect for stargazing at night and catching that shooting star to make the wish that you never have to leave.

3203 S Memorial Avenue Top Floor Deck

Out back you’ll notice the spacious fenced-in yard with an outside shed, adding another 225 sq. ft. of additional storage for beach chairs or that man cave, workshop or even day spa! 

3203 S Memorial Avenue Spacious fenced-in yard with storage shed

Pictures simply do not do this home justice.  This house needs to be seen in person to really appreciate its value!  This house is simply breathtaking in many ways, even without furniture. 

3203 S Memorial Avenue back of home

To fully experience the beauty this home has to offer, Call Eillu today and visit this perfect beach home.  Discuss your options on how to make a profitable rental investment on the Outer Banks or get the best negotiations for your primary or second home. 

Read More about 3203 S. Memorial Avenue

 


November 2017 Outer Banks Real Estate Outlook and Current Statistics

November 2017 OBX Real Estate Outlook and Current Statistics

The Outer Banks Association of Realtors released the November 2017 MLS Statistical Report – you can get the full report here.

Real estate sales in the Outer Banks for November 2017 were 206 units; an increase compared to Nov 2016 from 167 units.

Under contract units decreased by 6% to 390 compared to 413 in October 2017. Compared to Nov 2016 units under contract are up by 5%.

The average home price increased by 4% compared to Nov 2016. The average single family home in the Outer Banks is $401,024. Over the same time period, the average price of condos has fallen by 1%.

The median single family home price is $325,000, this has increased by 5% in 2017 compared to Nov 2016. The median price of condos is $287,440, they have increased by 28% in from Nov 2016.

Some highlights from this month’s report follows.

Overall Market

Residential inventory decreased by 5% in November with lots/land down by 10% and commercial inventory down by 24%. The inventory trend has continued downward for most of this past year.

Active residential inventory is 1452 units. The quantity sold increased by 12% compared to Nov 2016; with volume sold up by 16%. The median sale price increased by 6%.

Lots and land quantity sold increased by 13% from last year. The average sale price for lots fell by 14% while the median price increased by 3%. Land inventory is down by 10% compared to last year.

Commercial unit sales are down by 23%. Only 20 commercial units were sold compared to 26 last year. The average and median sale prices have little relevance with such a small sample and appear skewed from a large sale last year. Commercial inventory is down 24% compared to last year with only 65 units active on the market compared to 85 units last year.

Distressed Property

Distressed sales remain nearly the same as November 2016 with 102 units sold. There were 28 residential short sale units sold, which is exactly the same as this time last year. Average price for short sales fell by 4% but the median price increased by 8% from one year ago.

Sales for bank owned properties increased by 1% from 73 units to 74 this year. The average sale price for Bank Owned property fell by 2% compared to last year; while the median decreased by 4%.

Overall, the quantity of distressed property sold increased by 1% compared to the same period in 2016. The average price decreased by 3% and the median increased by 6%. Total volume sold is up by 1% with 102 units compared to 101 last year.

The effect distressed real estate will have on the overall Outer Banks market will continue to diminish as foreclosure and short sale inventory is depleted and the market returns to pre-recessionary levels of distressed real estate.

Residential

Single family unit sales increased by 14%, with 1563 units compared to last year 1374 units. The volume sold increased 17% with the average sale price and median sale price both increased by 3%.

Condos unit sales increased by 9% compared to last year. November condo unit sales were 179 compared to 164 a year ago. The volume sold increase by 10%. Median sale prices for condos increased by 9% compared to last year. Average sale prices are up by 1%, compared to last year. Unlike many other markets, the Outer Banks did not see an oversupply of condo construction during the boom years and current demand for condos has been strong in 2017.

Residential land unit sales increased by 11% in November. The average sale price fell by 7% while the median price was up slightly at 1% compared to last year.

Overall Days on the Market for the all residential properties is down by 44% in November. Days on the market is 143 versus 254. Upon closer inspection, for the 1062 units sold since Jan. 2017 the average days on the market is a startling 53 days. Outer Banks properties are selling much faster; especially new inventory.

New Construction building permits are down by 14% with 250 units compared to 292 last year. Building permit value decreased by 5%.

Outer Banks Town Statistics

The November 2017 median sale prices for the towns in the Outer Banks and the percent change compared to 2016 appear below:

Nov 2017 Median price change for OBX towns

nov 2017 median price change obx towns table

Corolla experienced the largest percentage gain of 12% compared to 2016. The next highest YTD increase was Hatteras Island at 11%.

The Outer Banks real estate market is on track for a solid sales year. If you have been thinking about an Outer Banks vacation home purchase, second home purchase or permanent home, now is the time to act. Purchasing power will decrease once the anticipated mortgage rates increase. Smart buyers and investors will lock in rates now before the increase. The rental market continues to be strong to provide income from the investment and enjoyment for the family for years to come. Buy now to position the home for the 2018 rental season.

Buy with Eillu and save more with our buyers rewards plan. The Outer Banks continues to be named a top beach destination every year. Beach nourishment has recently been completed for a large portion of Dare County beaches and will ensure strong future appreciation for real estate.

If you have considered selling your Outer Banks home, now may be the best time. The lower inventory levels will allow your property to be seen with less competition. The strong demand will sell your home with fewer days on the market. Our 1.5% listing commission will save you thousands of dollars!

Schedule an appointment today to find your vacation rental property, second home or investment property.

MLS Monthly Outer Banks Market Report


The Annual Outer Banks Marathon and Southern Fried Half Marathon Welcomes Runners and Viewers

    Outer Banks Marathon & Southern Fried Half Marathon

    The 2017 Outer Banks Marathon is this coming weekend with a ton of activities and events for the whole family. Everyone can participate in this weekend event, with races for toddlers and kids all the way up to the full marathon.

    Friday, November 10th

    The weekend events kick off with the Race Expo at the Dare County Youth Center located at 602 Mustian St, in Kill Devil Hills. The expo lasts from 12pm to 7pm, be sure to stop by and pick up your packet!

    Saturday, November 11th – Super Saturday

    Saturday is the fun-for-all day with an 8k, 5k, Family Fun Run, Diaper Dash, and the Pirate Festival. All these events will be held at the First Flight High School track. The 8k and 5k are out-and-back courses starting at the track, leading runners into Nags Head Woods, and then back to the track. The minimum age is 8 and 6 respectively for these two races. Walkers are allowed but no strollers or wheelchairs are allowed. These races also require pre-registration.

    The family fun run is open to all ages and is only 1 mile. The diaper dash is only for crawler and toddlers and it is free. Both of these events are open for registration on the event day.

    The Pirate Festival starts at 9am and ends at 1pm. It will have face painting, a rock climbing wall, a plank to walk, and plenty of pirates and photo ops for all.

    Saturday evening, the Pasta Party for Marathon and Half Marathon participants will be help at Beach Side Bistro at the Sea Ranch Resort.

    If you missed the expo on Friday, it will be held again on Saturday from 9am to 6pm at the Dare County Youth Center.

    Sunday, November 12th

    The main marathon event extends from Kitty Hawk to Manteo, on a 26.2 mile course that takes you past many Outer Banks landmarks. You will run through a portion of Nags Head Woods, pass by Jockey’s Ridge, the Wright Brothers Memorial, and more. Perhaps the most breathtaking part (Literally- It is a 650′ climb to the top at a 4% grade) of the course is when you cross over the Washington Baum Bridge to begin the final few miles into downtown Manteo.

    The Half Marathon will start on E. Baltic Street at Wrightsville Avenue in Nags Head. Runners will be starting at the halfway point on the Marathon Course and ending at the same location in downtown Manteo. The Southern 6 race will also join marathon and half marathon runners at the finish line, but these participants will start their journey at the Tanger Outlet Center in Nags Head.

    The TowneBank Southern Fried Half Marathon Awards Ceremony will start at 10:30 and the TowneBank Marathon Awards Ceremony will kick off at 12:15 on Queen Elizabeth Street in Manteo.

    Runners can relax and celebrate at the Post Race Southern Fried Block Party until 2:30 with live music and refreshments. After the party, return shuttles from Manteo will bring you back to your car post-race.

    For more information and to register for the event visit the OBX Marathons website.

    November is a wonderful time to visit the Outer Banks. If you are not local, plan on staying the weekend and take in the sights. Contact Eillu to visit homes and properties for investment or relocation. We would be honored to show you around and share what makes the Outer Banks such a special place to live or visit!

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Tour the Outer Banks – 21 Top Attractions (away from the beach and sound) for Each Town You Don’t Want to Miss

Things to do on OBX that are not the beach or sound- Aerial view currituck lighthouse

Visitors are surprised at how much there is to do in the Outer Banks that does not involve going to the beach or sound or H2OBX waterpark.  While the abundance of water activities is one of the most attractive features of the destination, the Outer Banks has so much history and other features you won’t want to miss.

The Outer Banks has many golf courses for aficionados to enjoy and you can read about 8 of the nearby OBX golf courses here

The Outer Banks has several fishing piers that are great for beginner and experienced anglers to test their skill.  Read about our fishing piers here.

The activities here are listed from north to south and grouped by town.

Corolla

Wild Horses

The wild horses are a major attraction for visitors in Corolla.  The horse breed, the wild Colonial Spanish Mustangs, is designated as the NC State Horse.  They reside in a sanctuary just north of Corolla in Carova where there are no paved roads. 

While there are many organized tours to view the wild horses, it is not necessary to go on a tour in order to be able to see them.  Visitors with a 4 wheel drive vehicle can drive on the Carova beach and see the horses. 

However, if you are not experienced with driving on the beach, it is a better idea to go on a tour and avoid getting stuck.  Plus, the tour guides know the back roads and the favorite places where the horses gather and can regale you with the history of the area. 

Keep in mind the horses are a protected treasure.  It is against the law to get within 50 feet of them or to feed them. 

Currituck Lighthouse

The Currituck Beach Light Station is a distinctive red brick tower located in historic Corolla Village.  Construction began in 1873 and was completed two years and over 1 million bricks later. 

The lighthouse is open for the public to climb the 220 steps or 162 feet which is worth the effort for the amazing view.  The view of the Whalehead Club, Currituck Sound and Atlantic Ocean is absolutely breathtaking. 

The lighthouse opens in March and closes the beginning of December.  There are a few days where the climb is free but typically the admission is $10 for adults and children over 7.  Children under 7 can climb free with an adult.  70% of the admission is tax deductible as a charitable contribution.

Whalehead Club

The Whalehead Club is a restored 1920’s Art Nouveau styled hunt club that is open to the public for tours.  The mansion sits on 39 sound front acres and is listed on the National Register of Historic places.  Anyone with an interest in history, design or architecture will find a tour fascinating.  It is a gem to the state of NC.

Edward Knight Jr and his wife built the home at a time where there was not even paved roads in the area. 

Mrs. Knight was not allowed in the all-male hunt clubs of the era so the 21,000 sq ft mansion by the sea was built for husband and wife and friends to enjoy hunting the prolific waterfowl common to the area.

The house took 3 years to build and cost $383,000 or the equivalent of $4.3 million today.  There were no roads to the area at the time so everything had to be brought in by boat.  Including a custom built Steinway & Sons 6 legged grand piano designed just for the wife, Marie-Louise. 

The house generated its own electricity by using the water of the boat house; a first for the area in 1925 when power would not arrive until the 1950’s.  The home also had indoor plumbing, heat and an elevator.  The house was just incredible for the time.

The grounds around the club is a popular venue for weddings and other events.  There are topical tours including a day or night haunting tour.

Corolla Adventure Park

This aerial adventure park will provide your family or group a unique experience.  With 9 obstacle circuits 12-50 feet in the air, zip lines and rope courses there is a challenge for everyone in your group. 

The Corolla park was recognized in 2017 with an award for “Most Outstanding Structural Design” by the International ACCT Conference.  The course is designed for ages 5 and up.

Outer Banks Center for Wildlife Education

Located in Currituck Heritage Park (same general area as the Lighthouse and Whalehead Club) is this FREE museum.  This educational museum is a great way to learn about Corolla and the way of life in the area. 

There is a small aquarium featuring local fish, a large gallery of duck decoys and a full-sized duck blind located on the sound.  The eco-system of the sound is featured in a movie shown to visitors. 

There are also daily special programs, like painting a duck decoy or Gyotaku (fish printing), and even a Maritime Forest Walk available at various times as listed on their calendar

The center stays open year round but is closed on Sundays and some holidays.  Great activity and something for the whole family.  There are classes for fishing, crabbing and even the fundamentals of archery.

Duck

Duck Town Park & Soundside Boardwalk

The Duck Town Park is 11 acres with trails through the maritime forest and willow swamp.  The town park is conveniently located to the town’s commercial district and the sound side boardwalk. 

The park features an amphitheater where concerts and events are held throughout the year.  There is a playground and picnic areas at the park.  There are water fountains, including one just for furry friends, and restrooms are available for visitors convenience.

The sound side boardwalk is loaded with upscale shops, restaurants and scenic overlooks to the sound.  The sunsets from the boardwalk are a spectacle to behold. 

There are public boat slips, a kayak launch site and fishing and crabbing sites along the sound front boardwalk. The boardwalk is a wonderful way to get some exercise while enjoying a wonderful view and encounters with area wildlife.

Kitty Hawk

The Monument to a Century of Flight

Located in Kitty Hawk by the Visitors Center (Aycock Brown Welcome Center MP1) this monument tends to get overlooked by visitors in favor of the Wright Brothers Memorial located in Kill Devil Hills. 

This sculptural memorial shows the progression of flight through pillars and honors those early pioneers who contributed to flight. 

The 14 pillars are wing shaped pylons that depict the epic journey from the first flight of the Wright Brothers to the realization of travel to the moon – all in one short 100 year span of time.

Kitty Hawk Wood Coastal Reserve

This preserved maritime forest, still untouched, with marshes, swamp and wetlands spans 1,824 acres. The area includes multiple environments; it is bordered on the west by Currituck Sound and Kitty Hawk Bay to the south.  The relics of ancient sand dunes are present with ridges and reminders of the ancient coastline are present in the swales. 

There are wetland plants like the Bald Cypress and upland plants like the American Beech, a freshwater creek runs through the preserve and empties into the Bay. 

The Jean Guite Creek (also known as High Bridge Creek) is full of plants and animals and is perfect way to enjoy stand up paddle boarding or kayaking through the maritime forest.   Abundant wildlife and some of the best bird watching is available here especially during migration season.  Sunsets at Kitty Hawk Woods are a wonderful sight overlooking the Currituck Sound. 

Located west of US 158, Kitty Hawk Woods can be accessed from one of the two parking lots: one at David Paul Pruitt Park and another one at Sandy Run Park. The preserve does allow  hiking, biking, horseback riding and hunting are all permitted in the park, within the assigned areas. Hunting requires a state hunting license and a NC Coastal Reserve Permit.

Sandy Run Park

Nestled inside the Kitty Hawk Woods Coastal Reserve is this town managed park.  The nature viewing boardwalk is a circular loop of less than 1/2 mile (.43 to be exact).  Most of the walkway is an elevated boardwalk over some marshy terrain. 

It is a great place to get off the beaten path (or so it seems) while still being close to everything.  Children get to view turtles, birds and other nature. 

There is a covered picnic gazebo area that is perfect for bringing a bag lunch or picnic fare. 

There is a fresh water pond with catch and release fishing from a fishing pier. 

To get even closer to wildlife there are kayak launches and tie up areas.  There are several towers and viewing platforms with interpretive signs along the path to explain the plant and animal life. 

The park also has a basketball court, golf putting green and horseshoe pit.

Children at Play Museum

If you are looking for an indoor or rainy day activity for little ones, than stop by this quaint museum in Kitty Hawk.  It is located on route 158 at 3810 Croatan Hwy.  It is definitely geared for the toddler set with all the activities located in a single room with plenty of hands on activities; best for ages 6 and under.

Kill Devil Hills

Wright Brother National Memorial

This Memorial honors the Wright Brothers for the First Flight on December 17, 1903 – this date marks world’s first heavier than air, powered, controlled flight. 

Annually, the First Flight anniversary includes flyovers and other special events at the park.  The park is operated by the National Park Service and is open daily except for December 25th

Aviation enthusiasts won’t want to miss the exhibits showing the Wright brothers work leading up to the first flight, artifacts from the first flyer and a reproduction of the 1903 flyer and 1902 glider.

Colington Speedway Go Carts

Located off the beaten track, west of route 158, at Colington Rd visit a throwback go cart track where it doesn’t cost a lot to have a good time racing go carts. 

This track does not get the traffic or the crowds’ typical to a location closer to the beach.  Family friendly and if there is a longer line, staff will give patrons a little more time.  For about $8, speed demons can get about 10 laps or about 10 minutes of track time.

Nags Head Woods Ecological Preserve

Located off Route 158 in Kill Devil Hills at 701 West Ocean Acres Drive, is a hidden gem for hiking, jogging, birding and bow hunting.  There is no fee for visitors but registration at the information center is required.

Established as a National Landmark in 1974, The Nature Conservancy acquired about 420 acres between 1974 and 1986.  In 1992, 389 acres were added and in 1997 the Town of Nags Head dedicated nearly 300 acres of Nags Head Woods as a permanent conservation area under the State Nature Preserves Act.  The Town of Kill Devil Hills placed another 100 acres under cooperative management.

The preserve includes forested dunes, interdune ponds, marshes  and wetlands.  It is nestled between two of the largest sand dunes on the east coast, Jockey’s Ridge and Run Hill. 

This unusual location with protection from winds off the ocean has allowed a diverse group of wildlife to thrive that is atypical for a barrier island.  There are oaks, hickory and beech trees over 100 years old.  There are over 100 species of birds, 15 species of amphibians, and 28 species of reptiles.  The freshwater ponds are full of fish and great diversity of plant life.  The marsh system includes river otter, egrets, herons and other waterfowl.

Nags Head

Jockey’s Ridge State Park 

Located at MP 12 on route 158, Jockey’s Ridge is the largest sand dune on the east coast.  It is free to climb the dune and there are also educational programs offered throughout the year.  The view from the top of the dune stretches from sound to sea and is beautiful, especially at sunset. 

Jockey’s Ridge is a favorite place for flying kites, sandboarding and hang gliding.  It is an excellent viewing area for 4th of July fireworks or celestial events like the recent eclipse.

The west side of the dune provides access to the Roanoke Sound.  Here you will find the soundside beach where visitors often launch kayaks and enjoy other water activities.

Bodie Island Lighthouse

Located just south of Nags Head is Bodie Island Lighthouse.  This lighthouse was recently restored and is able to be climbed by visitors.  The lighthouse is 156’ tall and it takes 214 steps to get to the top.  The lighthouse is open from the 3rd Friday in April to Columbus Day in early October.

Interestingly, this is the third lighthouse to be built in the area.  The first one was built in 1847, but the brick foundation was not well supported and it began to lean within a few years.  Next, in 1858 a new lighthouse was built nearby but was destroyed 2 years later by Confederate soldiers during the Civil War.  Finally, in 1871 a new lighthouse was constructed which is the one we have today.

First Flight Adventure Park

Located at MP 16 in Nags Head is the aerial adventure park with 42 obstacles and 6 ziplines up to 50ft in the air.  Located adjacent to the sound, adventurers can enjoy lovely views while climbing.

Course difficulty ranges from easy to advanced.  The course is laid out to mimic the outer bands of a hurricane.  Each climber must be over 6 years old and has 2 hours to enjoy the course.  The course is added to each year to continue to challenge climbers.

Manteo

NC Aquarium on Roanoke Island

Located at 374 Airport Rd in Manteo is a wonderful aquarium to delight visitors of all ages.  One of the biggest draws at the aquarium is the shark tank and one of the cutest are the sea otters.  The exhibits and the programs are creative, interesting and are updated and changing all the time.

There are outdoor programs that include kayaking around Roanoke Island while the guide points out local animals, native plants and the eco-system of the area.  Other programs include fishing, stand-up paddle boarding, crabbing and a wetlands walk.

Indoor programs include a dive to swim with the sharks in the 285,000 gallon Graveyard of the Atlantic exhibit.  There are also sleepovers for groups of 12 or more that include an aquarium tour, 2 program activities, evening snack and breakfast in the morning.  There are also behind the scene tours, crafts and even cooking classes.  Truly something for everyone and every interest.

Roanoke Island Festival Park

Visit Roanoke Island Festival Park to have history come alive.  Located across from the Manteo waterfront, is a 25 acre historic site representing the first English settlement in 1585. 

The Elizabeth II located at the site is representative ship of the Roanoke Voyage of 1585 of an English merchant ship.  Visitors can board and explore the ship while inter-acting with costumed 16th century sailors. 

The Indian town is representative of the Coastal Algonquian tribe the English settlers encountered back in the 16th century.  While the settlement site depicts living conditions for the soldiers and sailors of the first colony from England.  There is also an adventure museum illustrating the 400 year history with interactive exhibits.

The site has an indoor theater and outdoor pavilion with many concerts and performances throughout the year.  There is a $10 adult fee to see the exhibits but you can also walk the park and shop at the museum store without paying the admission.  There is so much here to see that your admission ticket is good for 2 days.

Take the time to also visit the Manteo waterfront area with its unique shops and restaurants; it is quaint and a small town gem. 

Lost Colony

The Lost Colony is the longest running outdoor theater presentation in the country.  For over 80 years, the performance depicting the mystery of the disappearance of the first settlers to the new world has entertained millions and remains unsolved today. 

The play is performed on the site where events occurred over 450 years ago against the scenic background of the Roanoke Sound.

The play rivals Broadway productions for its professionalism and power.  The stage is 3 times larger than most Broadway play and includes over 130 actors, technicians, designers and volunteers.

Air Tours

One of the most memorable sights is to view the Outer Banks from the air.  One truly realizes the fragile nature and vulnerable sand bar that is the Outer Banks. 

Air tours allow you to view all the popular destinations on the Outer Banks from a unique perspective.  Looking down on the lighthouses or a school of sharks is something you will never forget.

There are several operators of air tours at the Manteo airport including helicopter tours, open cockpit biplanes, and skydiving for the ultimate thrilling adventure.

Elizabethan Gardens

Enjoy the shade and beautiful blooms at the Elizabethan Gardens in Manteo on Roanoke Island.  The gardens date back to 1951 and was the brain child of The Garden Club.  It was originally planned as a 2 acre garden to typify the gardens kept at the time of the first colonies.  However, a gift of fine Italian statuary with fountains, balustrade, wellhead, sundial, bird baths, stone steps and benches took the project into a more formal direction.

The garden fills 10.5 acres and you can view a map here.  They broke ground for the gardens in June 1953 and it opened to the public in August 1960.  Many native plants were kept in the garden, including an ancient live oak estimated to have been living in 1585 when the first colonist arrived to Roanoke Island.  There are over 500 different species of plants; hydrangeas, camellias, herbs and native coastal species.  There are over 85 varieties of Camellias; which bloom in winter providing much interest for the season.

The Outer Banks of North Carolina has been captivating visitors for centuries.  From the  Native Americans, to the first Colonist to the present day vacationer, there is something special about this island that is difficult to describe in a few words.  Once it is experienced it is hard to return to life as it was before.  The salt, sand and sea air get under your skin and won’t let go. 

If you are ready to get your place in paradise, contact Eillu Real Estate for help in following your dreams.  We can help you find and purchase the perfect permanent home, second home or vacation rental investment property.

New Homes in Outer Banks


September 2017 Outer Banks Real Estate Market Outlook and Current Statistics

Outer Banks Real Estate Market Outlook Sept 2017

The Outer Banks Association of Realtors released the September 2017 MLS Statistical Report – you can get the full report here.

Real estate sales for September 2017 in the Outer Banks increased slightly from August with 156 units to 158 units. This is almost the same as September 2016 sales of 159 units. Under contract units increased by 6% to 442 from August reported 419 units under contract. The average home price increased by 4% compared to 2016. The median single family home price has increase by 2% in 2017 while condos have increased by 5% in 2017. Some highlights from this month’s report follows.

Overall Market

Residential inventory decreased by 10% in September following last month’s 8% decrease both compared to last year. The inventory trend has continued downward for the past few months. Active residential inventory is 1484 units. The quantity sold increased by 11% following last month’s 11% increase; with volume sold up by 16% following the same increase last month.

Lots and land quantity sold increased by 6% after last month’s increase of 8%. The average sale price for lots fell by 191% and while the median price increased by 4%. Land inventory is down by 13% compared to last year.

Commercial unit sales are down by 24% following last month’s decrease of 20%. Only 16 commercial units were sold compared to 21 last year. The average and median sale prices have little relevance with such a small sample and appear skewed from a large sale last year. Commercial inventory is down 22% compared to last year with only 57 units active on the market compared to 73 units last year.

Distressed Property

Distressed sales increased in September and were 9% of all residential sales compared to 2% reported last month. There were 22 residential short sale units sold, compared to 24 short sales this time last year; an 8% change from one year ago. The average sale price decreased by 12%. The median sale price increased by 6%.

Sales for bank owned properties increased by 11% from 57 units to 63 units compared to last year. The average sale price for Bank Owned property fell by 8% compared to last year; while the median decreased by 1%.

Overall, the quantity of distressed property sold increased by 5% compared to the same period in 2016. The average price decreased by 11% and the median increased by 3%. Total volume sold is down by 8% compared to last year.

The effect distressed real estate will have on the overall Outer Banks market will continue to diminish as foreclosure and short sale inventory is depleted and the market returns to pre-recessionary levels of distressed real estate.

Residential

Single family unit sales increased by 13% slightly higher than the 12% reported last month, with 1275 units compared to last year 1130 units. The volume sold increased 17% with the average sale price increase by 4% and the median sale price increased by 2%.

Condos unit sales increased by 12% following last month’s 16% increase compared to last year. September condo unit sales were 151 compared to 135 a year ago. The volume sold increase by 10% following last month’s 14% increase. Median sale prices for condos increased by 5% compared to last year. Average sale prices fell by 1%, compared to last year. Unlike many other markets, the Outer Banks did not see an oversupply of condo construction during the boom years and current demand for condos has been strong in 2017.

Residential land unit sales increased by 3% in September. This follows the 5% YOY increase reported in August and a 19% increase reported in July. The average sale price fell by 11% while the median price was unchanged compared to last year.

Overall Days on the Market for the all residential properties is down by 39% in September following the reported 23% decrease in August. Days on the market is 124 versus 203. Upon closer inspection, for the 800 units sold since Jan. 2017 the average days on the market is a startling 46 days. Outer Banks properties are selling much faster; especially new inventory.

New Construction building permits are down by 16% with 184 units compared to 220 last years. Building permit value decreased by 21%.

Outer Banks Town Statistics

The September 2017 median sale prices for the towns in the Outer Banks and the percent change compared to 2016 appear below:

Sept 2017 OBX market report

Sept 2017 OBX market report data table

Corolla experienced the largest percentage gain of 13% compared to 2016. The next highest YTD increase was Hatteras Island at 8%; these towns are unchanged from June, July and August.

The Outer Banks real estate market is on track for a solid sales year. OBXMLS reports 442 under contract compared to 419 units reported last month. October is a great time to visit the Outer Banks and view real estate as the crowds have reduced and the weather is warm during the day but with low humidity and cool at night. Experience the colors of fall on the OBX; the marsh grass gets a pewter color, the sea oats rustle in the breeze and the deciduous trees change into the reds and golds!

If you have been thinking about an Outer Banks vacation home purchase, second home purchase or permanent home, now is the time to act. Purchasing power will decrease once the anticipated mortgage rates increase. Smart buyers and investors will lock in rates now before the increase.

Buy with Eillu and save more with our buyers rewards plan.

If you have considered selling your Outer Banks home, now may be the best time. The lower inventory levels will allow your property to be seen with less competition. The strong demand will sell your home with fewer days on the market. Our 1.5% listing commission will save you thousands of dollars!

The rental market continues to be strong to provide income from the investment and enjoyment for the family for years to come.

The Outer Banks continues to be named a top beach destination every year. Beach nourishment has recently been completed for a large portion of Dare County beaches and will ensure strong future appreciation for real estate.

Schedule an appointment today to find your vacation rental property, second home or investment property.

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Enjoy The Best in Outer Banks New Home Design at The Parade of Homes

Outer Banks Parade of Homes 2017

The Outer Banks Parade of Homes is quickly approaching.  This year the event runs from Oct 5th to Oct 8th from 10am to 6pm and 10am to 3pm on the 8th.  This popular event showcases the best in Outer Banks New Homes.

This annual event is anxiously anticipated by locals, out of town home owners and tourists alike.  The event is sponsored by the Outer Banks Home Builders Association and has been a tradition for 25 years.  Tickets are only $10 for the 4 day event and proceeds benefit the food pantry and other local charities.  You can purchase your tickets at any home on the tour.  There are 15 homes included in the 2017 Parade of Homes.  It is a self-guided tour and you may visit the homes in any order and stay as long as you like.  

2017 Outer Banks Parade of Homes Map

October is one of the best months of the year to visit the Outer Banks.  Temperatures are cooler but the ocean is still warm enough to swim.  Crowds have thinned so visiting your favorite restaurant means no long wait times.  The crisp fall air makes biking, jogging and outdoor activities sheer pleasure.  What better time to visit all the new and exciting developments, OBX new homes and innovative materials from the best builders on the Outer Banks? 

The Parade of Homes tour spans 65 miles of pristine Outer Banks from Corolla to Manteo. The diverse landscape from sound to sea is enchanting in the fall (and frankly, the whole year). During the tour, one gets to see more of the Outer Banks than even most locals routinely get to. 

The Parade of Homes is a self-guided tour that allows you to leisurely dawdle at the homes that capture your interest, chat with the builders or Realtors and glean insights and ideas for your new dream home or remodeling project.  Tickets allow you to tour any of the homes on any of the 4 days provided for the event.   So grab your map or GPS and take the tour.   

While you are in Corolla, stop by our featured listing in Monteray Shores at 848 Golden Bluff Way.  It is one of the most attractively priced new homes in Corolla at $399,900.  Ask us about our other OBX new home projects.

The homes are divided into categories.  “The category is determined based on the actual raw cost of the home itself, exclusive of overhead, profit, the lot and any other amenities like landscaping or a pool. Simply stated, it is the amount that it cost for all of the building materials that were delivered to the site plus the amount of money that was paid to our skilled tradespeople to turn the materials into the finished product you are touring,” according the OBHBA. Each participant gets to vote for the “People’s Choice” award in each category as well as the judges selecting their winners.

Unlike other tours or events, the Parade of Homes has something for everyone.  While there are high end luxury homes (who doesn’t want to drool at them); there are also smaller homes.  This year’s event features homes from 1,240 to 10,646 sq. ft.  The tour includes 3 br to a whopping 24 br home!  Even if you do not plan to buy, sell, remodel or build a home in the coming year, it is an interesting event to attend and you may be surprised and be inspired.

Each home is built by expert craftsmen (and women) who know the Outer Banks and the climate and conditions prevalent here.  Over decades they have honed their skills and know what works and stands the test of time.  Our environment can be harsh with wind, sand and water.  Using materials that perform in this environment but are attractive, energy efficient and sustainable are the hallmarks of the homes chosen to be included. 

I find it worthwhile to pay attention to the small details.  While the Outer Banks New Homes are decorated for varied taste, there is always something to be found that can easily be incorporated to your home.  Technology, green materials and innovative products are ever emerging and it is fascinating to witness the new applications and become aware of the possibilities.  

Contact Eillu today if you like to visit the Parade of Homes with one of our Realtors.  It is an excellent way to see what the Outer Banks has to offer and to zero in on what will make your retirement home, vacation home or investment property perform beyond your expectations.  Taking the tour with one of our Realtors allows us to get to know you better, what you like and don’t like, to ultimately find the best OBX home or investment for YOU!

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The 12th Annual Outer Banks Marathon & Half Marathon – November 10-12

The 12th Annual Outer Banks Marathon & Half Marathon - boy on beach running

The fall running season is almost here, with plenty of time left to train for a race. Outer Banks Sporting Events puts on a spectacular event every November with races and activities for individuals of all ages and running levels. In addition to the 5k, 8k, 6 miler, half marathon and marathon races there is a Fun Run for kids and a Diaper Dash for the crawlers and toddlers in your group.

Saturday Events

The 8k, 5k, Fun Run and Diaper Dash races will be held on Saturday, November 11th at the First Flight High School Track. Both the 8k and 5k courses are out-and-back starting at the track and running into Nags Head Woods before turning around and heading back to the track. The Fun Run and Diaper Dash will both be on the track. Saturday events will also include a bounce house, kids obstacle course, pirate toss, face painting and rock climbing wall so bring the whole family!

Main Event

The main event is the marathon, half-marathon and Southern 6 on Sunday, November 12th. Both the marathon and half-marathon races start at 7am (from different starting locations), and the post-race finishers party for all three races will be at the finish line in downtown Manteo and lasts until 2:30pm. There will be a beverage and beer garden, and live music from Jonny Waters & Company. The half marathon awards ceremony is scheduled to begin at 10:30am and the marathon awards ceremony will start at 12:15pm.

Marathon Course

The marathon course starts on The Woods Road in Kitty Hawk and heads south to Nags Head, over the Washington Baum Bridge and into downtown Manteo for the total 26.2 miles. The half marathon joins the course in Nags Head, starting behind the YMCA and follows the course over the bridge and into Manteo. The Southern 6 (6 mile race option) allows you to start at the Tanger Outlet Center in Nags Head. The Southern 6 is considered a “fun run” as it is not a timed race, but it allows you to join in the finisher celebration with the other runners in downtown Manteo.

Visit the Outer Banks for this event and see how wonderful the off-season is on the OBX.  Schedule an appointment to visit area real estate to establish your own 2nd home, investment property or retirement home in our little slice of paradise.


Golfers Delight at The Village at Nags Head – 5 BR, 4.5 Bath Home priced at $479,000

5311 S Chippers Court - exterior

This delightful home is located in the center of the Nags Head Links golf course in The Village at Nags Head.  The location provides exquisite sunset views over the Roanoke sound while being just steps away from the lush greens and fairways on the course. Nestled in a quiet cul-de-sac, this 5 BR, 4.5 bath home is 2,865 sq ft and has something to offer for every member of the family.  The home is attractively priced at $479,000 and located at 5311 S. Chippers Court, Nags Head NC 27959.

5311 S Chippers Court - sunroom

The home is ideal for enjoying the outdoors with 3 levels of decking at the back of the house and two covered deck areas at the front. 

There is a cozy porch or sun room, finished with wood walls, on the upper level that is just begging you to lounge with a good book or break out the game board for a round of Monopoly.

5311 S Chippers Court - kitchen

This home is bright and airy everywhere you look.  The classic white kitchen has an abundance of cabinets and counter space to please every chef in the family.  There is a separate pantry and an island bar area with seating for 3. 

5311 S Chippers Court - dining room

The open concept floor plan includes the generous dining area, with seating for 10, and living room, with couch and loveseat conversation area.  The living rooms has a cozy gas fireplace with TV and media above as the focal point. 

5311 S Chippers Court - living room

It is tastefully decorated throughout with selected coastal details and shades of blue.  Furnishings are comfortable and sturdy with the wood of the furniture matching the window and floor trim in contrast with the clean crisp white walls.

5311 S Chippers Court - foyer

5311 S Chippers Court - master bedroom

Simple design details, like ceiling borders from the bedroom carried over into the bath for a cohesive look and flow.  Four bedrooms have sliders for access to the decks and to take in the outdoor views.

The lower level of the home has a game room with pool table.  The futon provides a relaxing place to sit while watching a match and extra sleeping for additional guests.

5311 S Chippers Court - game room

The hot tub is located on the lower level deck with privacy provided by the oleander foliage that stays green year round but has flowering blooms in the summer.

5311 S Chippers Court - view

Built in 2001, this home has been lovingly maintained and is clean, bright and airy.  Perfect as a 2nd home or a vacation rental with available amenities to entertain every member of the family. 

There are 2 sound accesses and a private oceanfront bath house.  Membership to the Nags Head Golf Links course / clubhouse and the Oceanfront Beach Club with community pool is optional.  

5311 S Chippers Court - ocean

Call today to schedule an appointment to view this terrific property. 

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