Real Estate in Outer Banks
Hugh "Scooter" Willey

Salvo Real Estate Analysis

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About Salvo, North Carolina

Approximate Location Boundaries: Salvo is an unincorporated community in the tri-village area which includes both Rodanthe and Waves. It is located on Hatteras Island, part of North Carolina’s Outer Banks. Waves, along with Rodanthe and Waves, are part of the settlement of Chicamacomico.

Zip Code: 27972

Location Characteristics: Salvo is a peaceful vacation spot surrounded by gorgeous beaches and many sand hills, perfect for kite boarding and wind surfing, canoeing and exploring the beauty of the Sound. Bird watchers love the proximity to the Pea Island National Wildlife Refuge. A drive through parts of Salvo will revel stacked crab pots, fish boxes and Banker fisherman at work just as they were generations ago.

Bring along your four wheel drive vehicle. Salvo has a great beach access for your vehicle and a kiteboarding launch area. Here you can find picnic tables with grills on the soundside day use area provided by the National Park Service. A little south of Salvo is about ten miles of untouched National Park land. Here you can ride down untouched beach and pick out your own fishing spot or your own place to pull out the cooler and beach blanket.

If you haven’t stayed in this area before, try it-you’ll like it… especially with the many beautiful, vacation cottages available.

Real Estate Market Snapshot: The Salvo 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 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, now is the opportune time for buying. 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 Salvo home… Start searching now!

Posted on February 21, 2013 at 3:20 pm by Hugh "Scooter" Willey