April 2021 Outer Banks Market Update

It looks like the Outer Banks is about to get a facelift.

While home sales remain through the roof and inventory is still critically low, the interesting data coming out of the newest statistical report from the Outer Banks Association of Realtors relates to the building permit data! For the entire year during 2020 only 67 permits were pulled; however, from January through the end of April 2021, we're already at 97 permits. While we love the more traditional Outer Banks homes for their charm and appeal, it's exciting to see some of the older beach cottages flourish with updated furnishings, materials, and design.

Likewise, new construction is taking off - with a variety of home types highlighting the uniqueness of our area. From coastal cottages to modern manors, new homes on the Outer Banks range from expansive 14-bedroom rental machines to smaller, vintage-style "flat tops" that are all the rage in the quaint town of Southern Shores.

Whether you're buying, selling, or building on the Outer Banks, Coastal NC Realty has you covered! Our agents are full time, experienced, and professional. Ready to build your own Outer Banks dream home? Coastal NC Realty also has a building and development side with our sister company Coastal NC Development. So, whatever your "beach dream" looks like...we can make it happen.

View the entire Outer Banks Association of Realtors April 2021 MLS Statistical Report and then contact one of our experienced Outer Banks sales agents today!

Based on information obtained from the Outer Banks Association of Realtors for April 2020-2021.