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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.

 

 


 

 

   

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!       

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Holleay Parcker
Spinnaker Realty LLC
4012 Creek Road
Kitty Hawk NC 27949
252.207.1617