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Holleay Parcker

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Displaying blog entries 1-10 of 15

Duck Real Estate - Market Conditions Report - November 2017

by Holleay Parcker

Duck Real Estate - Market Conditions Report - November 2017*

Even without December's data reported yet, Duck real estate has surpassed the number of units sold in 2016.  That's good news, because more units sold in 2016 than have sold in any year since 2013!*  

However, the trend of median sales price for Duck real estate over the last few years is not nearly as straightforward... The median sales price in 2013 was $499,900.  Year to date totals in 2017 show a median sales price of $465,500.*  So what happened?

The median sales price of Duck real estate increased 4% in 2013, and an additional 2% in 2014.  While not tremendous gains, at least both were in positive territory.  2015 saw a substantial decrease of 14% in median sales price, and although a gain of 8% occurred in 2016, it appears there will be a small loss in 2017 when the final figures come in.*


Duck Real Estate-  Market Statistics

What this means for buyers interested in purchasing Duck real estate is that now is a good time to buy.  The median price is nearly $35,000 less than it was 4 years ago.*  

There are many factors to consider when thinking about buying a home for sale in Duck.  The age of the home, its condition and amenities, the condition and age of surrounding homes, distance to the beach, rental history, and the stability of the beach and dunes are just a few factors you'll need to consider, whether you desire to purchase an oceanfront home for sale in Duck,  a Duck soundfront home for sale, or an ocean side condominium.

Call your Duck real estate agent Holleay Parcker today at 252.207.1617 and let's get started turning your dream into a reality!

*YTD figures are based on information from the Outer Banks Association of REALTORS® MLS for the period January 1, 2017 through November 30, 2017. Historical data from OBAR MLS for the period 1/1/2013 – 12/31/16. 

Nags Head Real Estate - Market Conditions Report - November 2017

by Holleay Parcker

Nags Head Real Estate - Market Conditions Report - November 2017*

The Nags Head real estate market has shown gains in 2017 in the number of units sold.  Year to date total sales stand at 212, which is up significantly from the 187 homes sold in 2016.*  That's good news.

More good news is that the median sales price has risen steadily from 2014 through 2016.  Nags Head real estate has seen gains of 4% in 2014; another 4% in 2015; and 6% in 2017.*

And then there's 2017...

While the number of home sales in Nags Head has increased, the median sales price has decreased 1%.*  Now, this isn't alarming, given the fact that values have been on a steady march for the past three years.  However, it is worth watching to see if this is an anomaly or a new trend. 

If you're interested in purchasing an oceanfront home for sale in Nags Head, an investment property or a second home, give me a call today at 252.207.1617.  There are many beautiful sections of Nags Head that many visitors are unaware of.  I am happy to show you the incredible beauty of this town, and to assist you with your purchase of Nags Head real estate, so call today and let's get started!    

 *YTD figures are based on information from the Outer Banks Association of REALTORS® MLS for the period January 1, 2017 through November 30, 2017. Historical data from OBAR MLS for the period 1/1/2013 – 12/31/16.

Corolla Real Estate - Market Conditions Report - November 2017

by Holleay Parcker

Corolla Real Estate - Market Conditions Report - November 2017*

The Corolla real estate market enjoyed a very healthy fall sales season.  The number of homes sold will certainly exceed 2016 totals when December's report comes out; total sales in both October and November increased over similar month totals in 2016.*

But that's not the real story here...

The real story is in the double digit increase seen in 2017 in median sales value over last year.  Granted, we still need December's numbers to come in, but with 11 months of reporting, the median value of homes in Corolla has increased 12% over 2016 values.  More importantly, this is the highest median sales value to date of any area on the Outer Banks!*

Even the snow can't stop this red-hot market, as 4 homes for sale in Corolla have gone under contract in the last 4 days - two in Whalehead, one in Monteray Shores, and one in Corolla Bay*...

So if you're considering purchasing an investment property, whether it's an oceanfront home for sale in Corolla, a Corolla sound front home for sale, or something in-between, give me a call today at 252.207.1617 and let's get started finding the perfect home to meet your investment needs.

 

*YTD figures are based on information from the Outer Banks Association of REALTORS® MLS for the period January 1, 2017 through November 30, 2017. Historical data from OBAR MLS for the period 1/1/2013 – 12/31/16; most recent sales data from OBAR MLS for the period 1/4/18 - 1/8/18. 

 

 

       

Corolla Real Estate - Market Conditions Report - September 2017*

by Holleay Parcker

Corolla Real Estate – Market Report – 9/17*

The Corolla real estate market is thriving!  If you’ve been thinking about purchasing a home for sale in Corolla, you really should get off the fence, as the median sales price year to date in 2017 has increased a whopping 13% over median values in 2016.* Further, while there are still 3 more months to go in 2017, every indication is that we are on track to exceed the number of units sold in 2016.*

Inventory is down, and there are more buyers competing for fewer homes.  I’ve had several instances this year where there were multiple bids on properties, something that hasn’t happened much since the Corolla foreclosure market dried up.  These multiple offers were on non-distressed properties; as I say, there is more competition today for homes in the Corolla real estate market.

If you’re interested in exploring what properties might best serve you and your family’s needs, why not call your Corolla real estate agent Holleay Parcker today at 252.207.1617 and let’s get started finding your perfect Corolla home for sale.   


 

This representation is based in whole or in part on data supplied by, and to the Subscribers of the Outer Banks Association of REALTORS® Multiple Listing Service.  Information contained herein is deemed reliable but not guaranteed.  Data maintained by the OBAR MLS is for its own use and may not reflect all real estate activity in the market.

*YTD figures are based on information from the Outer Banks Association of REALTORS® MLS for the period January 1, 2017 through September 30, 2017. Historical data from OBAR MLS for the period 1/1/2013 – 12/31/16.

Corolla Real Estate - Market Conditions Report - August 2016

by Holleay Parcker

I’m frequently asked how the Corolla real estate market is doing.  From the chart below, you can see that the median sales price of residential home sales in Corolla year to date in 2016 is lower than it has been since 2012.  With historically low interest rates AND low values, now is a great time to consider purchasing Corolla homes for sale.

Further, we are now entering our annual sales cycle that benefits buyers.  You see, in the spring, before the rental season begins, sellers can command a higher price for their Corolla home, because the buyer will receive the full year’s income.  In the fall, however, Outer Banks sellers have received the income on their Corolla investment property for the year, and typically discount the sales price for this reason. 

Additionally, buyers interested in purchasing Corolla real estate need to be aware of the fact that our market is changing.  We are experiencing the lowest levels of inventory in recent years, and as a result, properties that are priced to the market are selling quickly.

So, let’s review why NOW is an excellent time to buy an investment property for sale in Corolla:

  1.  Historically low interest rates
  2.  Lower median sales price
  3.  Overall, the fall is a buyer’s market, whereas the spring is a seller’s market
  4.  The market is changing from a buyer’s market into a seller’s market, with low inventory, and priced right properties are selling quickly

Of course, there are different subsections of the Corolla real estate market.  Buyers who are considering purchasing a Corolla oceanfront home for sale have different questions and issues to address than those who are looking to buy a Corolla soundfront home for sale.  And the many differences that exist between those two types of purchases are simply beyond the scope of this discussion.

As your Outer Banks real estate agent, I’m happy to answer your questions and provide you with the information you need to make an informed decision.  Call me today at 252.207.1617 to discuss your real estate needs, whether you’re buying or selling.  

 

Corolla Real Estate - Market Conditions – August 2016*

 

Residential Units Sold

 

Jan

Feb

Mar

April

May

June

July

Aug

Sept

Oct

Nov

Dec

YTD

2012

12

13

26

14

22

20

12

15

9

19

29

12

204

2013

11

11

17

23

19

14

12

16

5

19

16

16

179

2014

9

9

12

17

16

19

12

15

20

13

11

24

177

2015

17

14

17

21

18

30

16

17

19

10

16

21

216

2016

18

11

14

25

26

25

17

21

 

 

 

 

157

 

 

Year

Median Sale Price

Percent Change

2012

$500,000

-5%

2013

$480,000

-4%

2014

$470,000

-2%

2015

$493,950

5%

2016

$460,000

-7%

 

 *2016 numbers reflect Year to Date values

This representation is based in whole or in part on data supplied by, and to the Subscribers of the Outer Banks Association of REALTORS® Multiple Listing Service.  Information contained herein is deemed reliable but not guaranteed.  Data maintained by the OBAR MLS is for its own use and may not reflect all real estate activity in the market.

*YTD figures are based on information from the Outer Banks Association of REALTORS® MLS for the period January 1, 2016 through August 31, 2016. Historical data from OBAR MLS for the period 1/1/2012 – 12/31/15.

 

 


 

 

   

Outer Banks Real Estate Agents Should Be Present For Every Inspection

Showing property is the easy part of an Outer Banks real estate agents job; the heavy lifting doesn’t begin until the offer on an Outer Banks home for sale is accepted.  Once we are under contract, the real work begins.  I order every inspection on the property, which typically includes an Obx home inspection, a septic inspection and a pest inspection.  Once the home inspection is completed, I may then need to have other inspections performed, which may include a fireplace inspection, an elevator inspection, an hvac inspection, and a pool/hot tub inspection.  Depending on the results of the home inspection, a licensed Outer Banks builder may be needed to quote repair costs for electrical, plumbing, and roofing.  A new survey must also be ordered.

During the time we are under contract, I am at the property at least a half dozen times, to meet every inspector and to watch as the inspections take place.  I want to be present because more often than not, my Outer Banks buyers cannot be, as they live out of state and their schedules will not permit another trip down. During the inspections, as issues arise, I am on site and can ask questions to gain more clarity about the situation.  Because I’m present, I can ask the inspector’s advice on how best to proceed with the next step if there's an unusual situation.  And I almost always learn something new during each transaction.

Viewing the property multiple times also allows me to notice things about the neighborhood that my buyers and I may not have noticed while showing the home.  As an example, if there are any dogs that bark incessantly, or loose dogs running through the neighborhood, I may run across them.  My frequent trips to the property allow me to see which neighbors are home during the day, and which are not.  All of these things I then report back to my buyers.

It’s pretty rare to find an Obx real estate agent who is willing to go to these lengths for their clients.  Most don’t want to take the time, as it’s not a ‘money-making’ activity.  But as I see it, it’s my job to be my buyer’s eyes and ears.

So when you’re searching for the right Outer Banks real estate agent, be sure to find one who is willing to be present at EVERY inspection.  I am. 

For more information on Outer Banks real estate, call Holleay Parcker, Broker/Owner of Spinnaker Realty LLC today toll-free at 877.207.1617, or visit her website at OuterBanksRealEstateMLS.com.

 

Old Nags Head Place Real Estate - Nags Head Lot For Sale

by Holleay Parcker

Old Nags Head Place Real Estate

Located Oceanside in Nags Head, and just 2 lots off the ocean, this 10,000 square foot Nags Head lot for sale should support a 5 bedroom house with a pool, and may have ocean views.  Old Nags Head Place real estate is a favorite with investors and second home owners alike, as this is one of the newer subdivisions between the highways in Nags Head.  All of the homes built here are relatively new, with Florez and Florez inspired architectural designs that maintain the historic Old Nags Head cottage style while providing tons of curb appeal as well.

Nags Head Lot For Sale

Getting to the beach is a short walk indeed, as there are three beach accesses within the subdivision.  The southernmost beach access is located on Hollowell Street, and this access provides plenty of parking, an outdoor shower, and a wood walkway to the beach.  Most important to note is that there is a lifeguard on duty here during the season.  The access at Curlew Street is located in the middle of the subdivision, and offers plenty of parking.  The northernmost beach access is located at Bainbridge Street.

Old Nags Head Place beach access

Because this is such a desirable neighborhood, there are only a handful of vacant lots for sale in Old Nags Head Place, and fewer still on the east side of Memorial Avenue.  Many Outer Banks investors choose to build a new construction home here and rent it out, because the rental income generated is consistently high for a five bedroom home with a pool.  While the majority of Old Nag Head Place real estate homes for sale are investment properties, there are many second homes also, with a few primary homes as well.  

From the bypass, it’s hard to miss Old Nags Head Place, as it’s located across the street from the entrance to Jockey’s Ridge, the single most visited tourist attraction on the Outer Banks.  The traffic light on Hollowell Street allows access on and off of the bypass, which makes getting around during the season much easier.  Street lights are another convenience in this subdivision, and the beach access on Curlew Street is lighted as well, so walking to and from the beach in the evenings is a snap.

Nags Head beaches

If you’re interested in purchasing a Nags Head lot for sale, this Old Nags Head real estate parcel located at 3521 S Memorial Avenue, Nags Head may be the perfect fit for you.  The asking price is just $205,000.  Call your Nags Head real estate agent Holleay Parkcer today toll-free at 877.207.1617 for more information regarding the Old Nags Head Place restrictive covenants as well as a copy of the lot survey.         

 

 

Corolla Oceanside Home For Sale

by Holleay Parcker

Corolla Oceanside Home For Sale

If you're interested in purchasing a Corolla oceanside home for sale under $360,000, then 762 Lakeshore Court may just be the perfect fit.  Located in the Ocean Sands subdivision of Corolla, NC, this Outer Banks home provides both ocean and golf course views.  Enjoy a cup of coffee while watching the sunrise over the ocean, and the late afternoon is a perfect time to indulge in an adult beverage while watching the sunset over the golf course and sound.  Ocean Sands real estate for sale is a favorite among owners and renters alike, as the beaches here are wide and wonderful, and just a few minutes walk from the property. 


Ocean Sands Real Estate

Spacious sun decks provide ample room for you and the family to enjoy the ocean breeze, and when you're ready for a dip, splash into the large 10 x 26 outdoor saltwater fiberglass pool.  Because this pool is in the sun all day, you can enjoy it more weeks out of the year than many others, which are shaded. When you've worked up a hearty appetite, enjoy your meal with the family in the screened porch.


Corolla Beach House For Sale

There's plenty of seating available in the living room, complete with a gas fireplace for cold nights and a large flat screen TV to catch up on your favorite shows.  The whole family can eat together in the dining area, and the kitchen boasts granite countertops, amd plenty of cabinets.

home for sale in Corolla

The owners have meticulously maintained this Outer Banks home for sale, with too many upgrades to list here; but a partial list includes a new roof, 2 new heat pumps, and granite kitchen counters in 2013, new water heater and dryer in 2012, crows nest addition in 2010, and new carpet in 2011.  Please call Holleay Parcker toll-free today at 877.207.1617 for a complete list of improvements and more information on this Corolla oceanside home for sale located at 762 Lakeshore Court.  You'll be glad you did!       

Outer Banks Lot For Sale - Corolla Real Estate

by Holleay Parcker


Outer Banks lot for sale

Interested in an Outer Banks lot for sale?  Then look no further, as this parcel of Corolla real estate is among the finest lots for sale in Ocean Sands.  Located in the newest section of Ocean Sands, called Ocean Lakes, this lot is surrounded by Obx new construction homes that have been built recently.  The curb appeal of these Corolla homes is off the charts, which is why this subdivision has become a favorite among Outer Banks investors and second home owners alike.

Ocean Lakes offers outdoor tennis courts and a large outdoor community pool, both of which are an easy walk from the lot.  The beach is just a stone's throw away as well, since this lot sits just a few lots off the oceanfront.  And the rear of this Corolla lot for sale backs up to common space for added privacy, as well as a beach access for the community, which means that the ocean views here are protected.

Corolla real estate enjoys some of the widest and most beautiful beaches on the Outer Banks, and the Ocean Lakes beaches are certainly no exception.  If you're looking for an Outer Banks lot for sale as an investment, or to build out on over the winter, then you'll want to consider this Ocean Sands lot.  Priced at only $189,900, it's sure to sell quickly, so call Holleay Parcker today at 252.207.1617 for more information. 

Holleay Parcker Awarded 2014 Best of Trulia Top Agent Award

by Holleay Parcker

Holleay Parcker Awarded 2014 Best of Trulia Top Agent Award

On January 29, 2015 I received the 2014 Best of Trulia TOP AGENT Award. Trulia began recognizing the most successful agents using Trulia last year. This recognition will now become an annual event. 

The factors Trulia used in its calculations were a combination of the number of reviews from past clients; the highest rankings those past clients gave their agents; and the number of buyer and seller side transactions that were completed in 2014 and added to the agent’s profile.

Less than 2% of all agents using Trulia across the nation qualified for this award.

I am honored to be recognized with the 2014 Best of Trulia Top Agent Award.

But real estate is much more than awards and recognition.  My career is really about helping people achieve their Outer Banks real estate dreams.  My job is to assist buyers and sellers with moving forward in their lives – sometimes the next step forward is purchasing an Outer Banks home, and sometimes the next step is to sell the home they have treasured for many years.

Whether beginning a dream or ending one, it is my privilege to meet so many wonderful clients and to walk beside them as they complete their transaction.  At the end of the day, the positive reviews I receive mean far more to me than any award.

So while I appreciate being honored by Trulia, my greatest accomplishments are the reviews from my satisfied clients, because I am fortunate to have the BEST. CLIENTS.  EVER.    

Holleay  

Displaying blog entries 1-10 of 15

Contact Information

Photo of Holleay Parcker Real Estate
Holleay Parcker
Spinnaker Realty LLC
4012 Creek Road
Kitty Hawk NC 27949
252.207.1617