- Outer Banks Real Estate Market Heating Up!
According to the National Association of Realtors Investment and the Vacation Home Survey, nationwide vacation home sales increased 7% in 2011. As an added bonus, not only are sales heating up, but the general trend is for buyers to seek pricier homes. This news is very promising! To read more about vacation home real estate market on a national level, check out a recent article from Investors.com – “Vacation Home Buyers Return, Pick Pricier Homes.”
This steady upward trend in the vacation home market is also evident in Outer Banks home buyers taking advantage of the favorable buying conditions locally! In the Outer Banks of North Carolina, we find our buyers appreciate all the things that Outer Banks has to offer – the relaxed, resort atmosphere, friendly service, incredible views, and an abundance of outdoor activities.
These are ALL great signs for the vacation rental market nationally and on the Outer Banks. The strength of the Outer Banks real estate market bodes well for our vacation rental home owners. You may not be in the market to buy or sell an OBX vacation rental home right now, but as an owner, the growth in 2012 is a promising sign for the strength of your investment.
Buyers ready to make a cash purchase or who can qualify for low mortgage rates should strongly consider buying now.
source: Investor’s Business Daily
Hugh “Scooter” Willey
Posted on July 3, 2012 at 12:30 am by Hugh "Scooter" Willey