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Outer Banks Real Estate Update

Matt Huband, SFR

PO Box 2223

Kitty Hawk, NC 27949

Office: 252-255-0221

Cell: 252-480-9283

Fax: 1-866-902-4479 ———————————

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Real Estate Update

NOV/DEC 2010 www.OBXRealtyGroup.com

All information in this newsletter is deemed reliable but not guaranteed.

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I can’t believe it’s the end of year

already. With Thanksgiving over things

have finally quieted down on the Outer

Banks as the island officially goes into

“locals only” mode until Easter.

2010 will go down as the year the Outer

Banks real estate market finally turned

the corner and ended a 5-yr downward

cycle. Compared to 2009 the number of

property sales increased, the number of

active listings decreased and so far the

overall average sold price is flat. 2010

was also a record year for the number of

tourist’s as most rental companies were

100% booked from July-August.

Great deals are still out there so don't

wait!! Mortgage rates have moved off

their all time lows and are creeping up. I

think the real estate market on the Outer

Banks will be just as good if not better in

2011!!

November Bright Spots: Under Contracts- Up 48% from November 2009. o Total Sales – Up 11.6% from November 2009. o Condo Sales – Up 150% from November 2009 o Inventory:

Residential Listings – Down 13% from November 2009.

Land Listings – Down 21% from

November 2009

The inventory of homes for sale at the end of November was 1,984 units, reflecting a 15% decline in inventory from the same time last year (2,373 units). I wanted wish everyone a safe joyous holiday and happy new year!!

For over 25yrs the Poulos family in Kill Devil Hills have been astounding locals and visitors with their amazing Christmas light display. The house looks so great that in 2005 the Poulos house was voted the Best Decorated House In America by The Today Show. Al Roker was in town to bestow the honor to the family and broadcast live in front of the house for all of America to see. My family has been going to the house since we have lived here and every time we go you just stand there in amazement. You can literally spend an hour just walking around the place and still not see all the decorations. If you make a trip down to the Outer Banks this holiday season please go by and visit the Poulos family, it will put a smile on your face. To get there turn west off the bypass onto Ocean Acres Dr ,across from the McDonalds, go until it turns into a dirt/gravel road then go just over the hill. Normally the street is lined with cars and people so be careful.

If you can’t make it down take a look at the Poulos Christmas House

The Poulos Christmas House In Kill Devil Hills

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Outer Banks Upcoming Events

Local Outer Banks News

All information in this newsletter is deemed reliable but not guaranteed

Shop The OBX For your Holiday Gifts

Looking for that special holiday gift?? How about

a gift certificate from your favorite Outer Banks

restaurant or shop. A local Outer Banks Blog “The

Outer Banks Voice” is doing a series of 12 gift

giving ideas, OBX style.

Check back each day as a new and exciting idea is

presented for your holiday shopping delight.

Go to The Outer Banks Voice and enjoy shopping!

For more information about Outer Banks events go to Outer Banks Visitors Bureau

Elizabethan Gardens “Winter Nights”

W inter Lights premiers this week at The

Elizabethan Gardens with a Grand

Illumination set for Wednesday from 6

to 9 p.m.

The kick-off will feature holiday foods and drink in

the Embellished Hall. Also featured will be fire pits

on the Great Lawn, where guests can roast

marshmallows, drink hot cocoa and be entertained

by Dockside Theatre Company and others.

Winter Lights continues Dec. 9-11, 16-18, 23, 28-

30 from 6 ­ to 9 p.m. at the gardens in Manteo.

December 17 107th Annual Celebration of the Wright Brothers First Flight

Wright Brothers National Memorial. 9 a.m. to 5 p.m. Gather at the exact site at the exact time as the historic flight to remember, reflect and celebrate this milestone. The daylong anniversary tribute will be held at the site of Wright’s first

flight. Visitors to the site experience a replica of the Wright Brothers’ 1903 encampment and majestic, 60-foot tall gran-ite monument perched atop a 90-foot hill that serves a striking and lasting reminder of the important historical achieve-

ment that happened on this site a century ago. outerbanks.org

13th Annual Outer Banks Wedding Weekend and Expo January 7 - 9

First Flight High School. Meet, select and work with an amazing group of professionals dedicated to making your wed-ding a beautiful experience for you and all your guests. Over 120 vendors. outerbanksweddingassoc.org

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All information in this newsletter is deemed reliable but not guaranteed

The Outer Banks Wedding Association is excited to announce that our 2011 Wedding Weekend & Expo will take place

January 7-9th. We hope to make this year's event bigger and better than last year's record-setting Expo. Tickets are on

sale now so get yours today and please follow us on Facebook to keep up to date on the events and activities we have

planned. See you here in January!

There is a setting here for every bride that decides she wants something a little untraditional and yet as personal, quaint and charming as the Outer Banks themselves. With miles of oceanfront, many accommodations to choose from, historic settings and friendly people, you will surely find all that you need and desire. Please explore this website, order a free 2010 OUTER BANKS BRIDE MAGAZINE, and CONTACT OUR MEMBERS directly with any inquiries or questions you may have. You will find them helpful and eager to engage in your Outer Banks wedding wishes.

Be sure to look through our featured REAL OUTER BANKS WEDDINGS, where you can see weddings in many of the areas most popular settings. From a simple Corolla beach wedding and beach home reception, to a grand affair under tent at The Whalehead Club, to a Duck Village ceremony with a garden reception at The Saltaire House. Move south to a Nags Head Beach ceremony and reception at The First Colony Inn, or wedding celebration at the Love Boat, a Titantic themed event home with its own catwalk bow (great for pictures!) Check back often because we add new members and helpful information

Wedding Weekend - January 7th - 9th, 2011!

The Outer Banks continues to grow as one of America's top wedding destinations, and so does our show! Our 13th an-nual Expo will showcase over 170 vendors and let you meet, select, and work with an amazing group of professionals dedicated to making your wedding a beautiful experience for you and all your guests. Be sure to check out the Lodging & Dining Discounts some of our members are offering.

Schedule of Events Check-In (locations) Friday, January 7, 2011 3PM - 9PM Saturday, January 8, 2011 9AM - 4PM The Outer Banks Wedding Tour Saturday, January 8, 2011 10AM - 5PM Featuring a self-guided tour of more than 50 fabulous Outer Banks Wedding Association vendors including reception/ceremony sites, spas, accommodations, and more from Corolla to Hatteras. Meet and Greet Reception Pirate's Cove Pavilion, Manteo Saturday, January 8, 2011 7PM - 10PM See how glamorous an Outer Banks wedding reception can be while meeting some of the vendors. Sample some of our caterers' culinary delights, listen to some of our musicians, while photographers and others have their information available for you. (Weekend ticket includes this event; cash bar available) The Outer Banks Wedding Expo First Flight Middle and High Schools, Kill Devil Hills Sunday, January 9, 2011 10AM - 5PM The oldest and largest wedding event on the Outer Banks with over 170 Outer Banks wedding vendors on hand to help you plan your wedding. Lots of great food, drink, music, door prizes and our spectacular Fashion Show. We'll finish things off with our Dream Wedding Giveaway - must be present at time of drawing to win. Check out last year's Dream Wedding Giveaway to see what you can win by attending our 2011 Wedding Weekend & Expo!

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All information in this newsletter is deemed reliable but not guaranteed.

Matt’s Outer Banks Favorites

I Hope you enjoyed all of the wonderful things I have listed this year.

Click on the pics for more information

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Current Listings

All information in this newsletter is deemed reliable but not guaranteed.

Matt Huband, SFR-Broker/Owner 252-255-0221

OBXRealtors@gmail.com www.OBXRealtyGroup.com

Call or email me today to set up your visit to the

Outer Banks and find your beach house!!

Nags Head

Duplex with separate

entrances, 3 lots to

the beach!!

$700,000

Call for information Click On

The Pictures

For More

Nags Head-Westside

3Bd/2Bth

Great Fixer Upper w/

pool, close to beach

$193,000

MLS#63983

Priced Below Tax

Southern Shores

4Bd/3 1/2Bth

Walk to Beach

Pool, Great Rentals

$560,000

MLS#67962

Duck Oceanfront

3Bd/2Bth

Condo, Oceanfront

Pool, Great Rentals

MLS#67396

$375,000

Sothern Shores

3Bd/1 1/2 Bth

Walk to Beach

Pool, Hot Tub

$350,000

MLS#67385

Short Sale

Kill Devil Hills

2Bd/1Bth

Walk to Beach

Close to Everything

$115,000

MLS#68159

Duck Oceanside

3Bd/2Bth

Walk To beach,

shopping, Bike Path

$425,000

MLS#68587

$35,000+ in Rentals

Kitty Hawk

5Bd/4.5Bth

1 Lot Oceanfront

Ocean Views

$66,000 In Rentals

$775,000

MLS#68460