Real Estate in Outer Banks
Hugh "Scooter" Willey

Hatteras Village Real Estate Analysis

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About Hatteras Village, North Carolina

Approximate Location Boundaries: This unincorporated community is located on Hatteras Island (part of the Outer Banks). North Carolina Highway 12 passes through the community linking it to Frisco and Ocracoke (via a ferry in Hatteras). It is south of the famous Cape Hatteras Lighthouse in Buxton. The inlet that the ferries use is Hatteras Inlet. Hatteras Village is the southernmost community on Hatteras Island.

Zip Code: 27943

Location Characteristics: No one can begin to imagine what a truly unique and serene place the Village of Hatteras is without visiting this community. The end of the island almost seems like the end of the world when you finally arrive. Hatteras Village offers an odd blend of old time fishing tradition combined with the glitz and glamour of modern sportfishing yachts. Fishing is a major source of recreation as well as revenue. Many boats use Hatteras Inlet, Hatteras Marina, and Oden Docks as ports for their fishing businesses. No visit to Hatteras Village could be complete without witnessing those offshore sportfishing yachts rumbling in after a day at sea and then unloading their catch on the village’s marina docks.

Watersports are plentiful on both the ocean-side and the sound-side of the village. Proximity to the convergence of the Labrador Current and the Gulf Stream result in the largest surf available on the East Coast. On the protected Pamlico Sound side of the island watersports such as windsurfing, kayaking, kiteboarding, and swimming are all readily available and accessible. This also where you can find the Graveyard of the Atlantic Museum.

Lavish vacation rental homes sparsely dot part of the oceanfront, but you can also stay in a quaint condo, motel or inn. Whatever meets your needs. You’ll find that Hatteras Village has retained its small community charm, while providing an adventure worthy of a world-class destination.

Real Estate Market Snapshot: The Hatteras Village real estate market has been a buyer’s market for the past several years. Along with the economic and housing crunch that all American’s are currently feeling, local businesses and citizens have been forced to take an active role in defending North Carolina’s previously free and open beaches. The beautiful beaches along Hatteras Island (which includes Hatteras Village) have always been the basis of the local economy until recently when the National Park Service (NPS) decided to begin beach closures in an attempt to expand their bird populations.

Currently, prices remain very reasonable. Since the sold prices for the Outer Banks real estate market has bottomed for many vacation rental properties, the return-on-investment ratios are the BEST that it’s going to get.  Properties are selling and financing is available to qualified buyers. As demand continues to grow and should the inventory of real estate properties continue to shrink, real estate prices will rise. As prices begin to rise, the return-on-investment will be decrease.

If you have been thinking about purchasing an Outer Banks home on Hatteras Island, whether for retirement, for relocation, as income producing vacation investment property or as a vacation getaway, things won’t get much better. Now is the time to come in and talk with “Your Full-time, Overtime, Anytime Realtors”. We will provide you all the crucial information you need to make the best decision.  Please contact us to request our FREE monthly OBX real estate newsletter and our quarterly update with request our FREE monthly OBX real estate newsletter and our quarterly update with OBX Real Estate Market Statistics. We will keep you posted on the most current OBX real estate developments so you can have an edge on others when searching for Outer Banks real estate.

Imagine finding your perfect Hatteras Village home… Start searching now!

Posted on February 21, 2013 at 4:25 pm by Hugh "Scooter" Willey