Steven Donald's Blog Posts

Steven Donald's Blog Posts

Outer Banks Real Estate Market Update July 2019
The Outer Banks had the highest number of listings under contract since the MLS started tracking this data in September 2013 - 454 listings. This is up 7% over July 2018. Expect a ...

Outer Banks Real Estate Market June 2019
Overall, inventory is up 12% with residential inventory up 7%.  Residential sales peaked in May and have started their seasonal decline.  Lots / land inventory up 22% and...

Outer Banks Real Estate Market May 2019
The number of listings in an Under Contract status have held steady for the last three months but are down 3% from 2018.  Although residential sales are down from 2018, May sa...

Outer Banks Real Estate Market April 2019
Residential inventory is up 11% over last year and has shown a steady increase over the last five months. Residential sales may be starting to flatten out,. However, the number of ...

Outer Banks Real Estate Market March 2019
Overall, when comparing first quarter 2019 and first quarter 2018 sales, residential and commercial sales are up; however, lot / land sales are down sharply. Under Contra...

OMG The Appraisal Just Came In Under My Offer
The home appraisal is one of the most misunderstood requirements when purchasing a home using a mortgage. And the aha moment could be an appraised value under your offer price. Wha...

Outer Banks Real Estate Market February 2019
The Outer Banks real estate market improved in February, especially on the Currituck Mainland where sales were up 133% from a year ago. Between January and February 2019, the numbe...

Another Homeowners Insurance Rate Increase Is Proposed
The North Carolina Rate Bureau has again this year requested a huge increase in homeowners rates. Last year, North Carolina’s homeowners convinced Insurance Commissioner Mike ...

Changes To The Currituck County 4 Wheel Drive Beach Parking Permit Rules
Of interest to property owners in Corolla and Carova, or anyone considering purchasing property in these areas, Currituck County has changed their rules for beach parking per...

Outer Banks Real Estate Market Year End 2018
The Outer Banks real estate market had a good year in 2018. This year may be a different story and should be watched closely. Sales are flat while listings Under Contract have decl...

Outer Banks Real Estate Market November 2018
The Outer Banks real estate market is showing signs of continued slowing. Residential sales are down for the month, and the year, while residential inventory is moving up. Land and...

Outer Banks Real Estate Market October 2018
Total Sales Month to Month sales were 211- up by 10%. However, year over year sales are down by 10%. Under Contract Under contract listings dropped dramatically - do...

Outer Banks Real Estate Market September 2018
The Outer Banks real estate market is following the national market. Sales are peaking with prices up, mortgage rates rising and inventory low. At some point we may move to a buyer...

Outer Banks Real Estate Market August 2018 Update
Total SalesOverall, sales are down 3%; however, total volume sold is up 7% and Median Sale price is up 9%. Under Contract Under Contract listings are holding steady month...

Outer Banks Real Estate Market July 2018 Update
Total Sales Residential sales are closing at about the same pace as 2017; however, total volume sold is up 5%, average sale price is up 6% and the median sale price is up 4%.&...

Outer Banks Real Estate Market June 2018 Update
Total SalesMonth-to-month sales have started their seasonal decline. Year to date, residential sales are down by 4%, lot / land sales are down by 11% and commercial sales are down ...

New Dwelling Insurance Rates To Go Into Effect
Settlement Reached on Dwelling RatesThe NC Rate Bureau and the NC Department of Insurance (NCDOI) reached a settlement agreement this week on a Dwelling Rate Filing that was submit...

Outer Banks Real Estate Market May 2018 Update
2018 is not a record year but still a good year!Residential Properties - The drastic decline in the Days on the Market that started in April / May of 2017 continues. The average da...

NEW LISTING BUILDERS MODEL HOME
BUILDER’S MODEL HOME. Built and maintained by one of the top home builders on the Outer Banks. Click http://www.atthebeachobx.com/details.php?mls=132&mlsid=100721®iste...

April 2018 Outer Banks Real Estate Market Update
Residential Properties - April MLS statistics indicate that properties are staying on the market longer since mortgage rates increased in February. However, the statistics also sho...

March 2018 Outer Banks Real Estate Market Update
Residential Sales – Year-to-date residential sales are down by 8% and single-family home sales are down by 11%. Listings that were placed under contract were also down by 9% in...

FEMA Announces Increase In Flood Insurance Premiums
In addition to the earlier announced dwelling insurance rate increase proposal being considered by the NC Insurance Commissioner, FEMA has announced a flood insurance premium rate ...

NEW Parking Permits For The Currituck 4X4 Beaches Effective Memorial Weekend 2018
If you own, or looking to buy, a home in the Currituck 4-wheel drive area take note of the new beach parking fees that go into effect Memorial weekend 2018. Under the new fee...

Outer Banks Real Estate Market Update February 2018
There was a sharp decrease in residential property sales on the OBX in February attributed to declining affordability, rising interest rates and declining inventory. Sales of sin...

Update On The Proposed Dwelling Insurance Policy Rate Changes
Comment on Proposed Dwelling Insurance Policy Rate ChangesBelow is an update on the proposed NC Department of Insurance Dwelling insurance rate filing. If you own, or plan to pu...

Outer Banks Real Estate Market Update January 2018
If you read my blog last month I reported full-year 2017 as one of the best for the Outer Banks real estate market in years. Total unit sales and sale volume was the best since 200...

Outer Banks Real Estate Market Update Year End 2017
It was a great year for real estate sales on the Outer Banks. We continue to see the best homes fly off the shelf so to speak. It’s a sellers’ market!• Total Unit Sales: 25...

HOW TO Buy In A Tight Market
The Outer Banks real estate market is heating up!The last 7 offers that our office has presented have all been in multiple offer situations. Single family home prices are u...

Substantial Rate Increase For Coastal Homeowners Is Possible
Substantial Rate Increase for Coastal Homeowners Is PossibleOn November 17, 2017 the North Carolina Rate Bureau, which represents the industry, asked the insurance commissioner fo...

The Tax Cuts And Jobs Act What It Means For Homeowners
The Tax Cuts and Jobs Act - What it means for HomeownersThe National Association of Realtors (NAR) lobbied hard for both real estate agents and consumers. While they remain concer...

Outer Banks Real Estate Market For November 2017
The Outer Banks real estate market is heating up! The last 7 offers that our office has presented have all been in multiple offer situations. Don't wait! If you are a seriou...

HOW TO Attract More Buyers
HOW TO Attract More BuyersThese tips will help you convince buyers your property offers top value for their dollar. Amp up curb appeal. Look at your home objectively from ...

Outer Banks Real Estate Market Statistics For October 2017
Overall: Average sale prices increased compared to the last two years. Single Family Detached Home sales are up 13% and condo sales are up 12% for 2017. •Inventories: Inv...


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Outer Banks Real Estate Market Update July 2019 - The Outer Banks had the highest
Outer Banks Real Estate Market June 2019 - Overall, inventory is up 12% with
Outer Banks Real Estate Market May 2019 - The number of listings in an Under
Outer Banks Real Estate Market April 2019 - Residential inventory is up 11%

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At The Beach Realty
4601 N Croatan Hwy
Kitty Hawk, NC
252-375-8591