About Southern Shores, North Carolina
Approximate Location Boundaries: Southern Shores is a quiet, residential town located just south of Duck and just north of Kitty Hawk. It stretches from the Atlantic Ocean to Currituck Sound and Ginguite Creek.
Zip Code: 27949
Location Characteristics: Southern Shores is known for its great weather, beautiful homes, and tremendous community pride. The area is a private community town by choice as locals seek to keep commercialism at bay. Uniquely, what most attracts visitors to this beautiful community is the hiking a bicycling trails it offers to the public. The network of paths within Southern Shores is used for recreation such as walking, biking and jogging. There is more than just trails that wind through the scenic forestry of the beach; Southern Shores also has a private country club for the golf enthusiasts, where the public is allowed to play. These activities, unlike common “beach attractions” still brings in a population of nearly 10,000 people throughout the summer season.
Southern Shores is comprised of mostly single-family homes. While, just under 3000 residents live in the area year round, builders are seeing an increase in the demand for larger, more upscale homes for the town. The town itself doesn’t own any of the private land, as most of that is owned by individual property owners and two civic organizations own the rest of the land. These associations use the land for wildlife areas and recreational purposes.
Real Estate Market Snapshot: The Southern Shores real estate market has been a buyer’s market for the past several years and has been very active. As prices stabilize, a dramatic shift appears to be in store for us. 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, 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 Southern Shores home… Start searching now!
Posted on July 2, 2012 at 2:33 pm by Hugh "Scooter" Willey