Outer Banks Real Estate-What is the market like in Duck and Corolla, NC?
By Matt Huband- OBX Realty Group-From Corolla To Hatteras, Working With Buyers and Sellers Since 2003
(OBX Realty Group)
What is the market like in Duck and Corolla, NC? We have been trying to purchase there for years but the area was experiencing extremes of price appreciation. Asked Tue Jun 10 2008 11:55 by B. M. I answered this question the other day from one of the sites I belong to and wanted to post my answer here. Matt Huband answered: Just like everywhere on the Outer Banks the prices in Duck & Corolla have come down to where they were in 2003-2004. Most of the homes in Duck & Corolla are in the $500,000+ range with most over $1M an this price range has seen the largest drop in home prices. With the number of listed houses at one of the highest levels in years coupled with the tightening of the mortgage industry these houses are having fewer and fewer buyers. This along with the continued strength...
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