It definitely seemed like business in the Outer Banks was picking up through October. Now that the month has passed, we saw a total of 20 additional homes sold this October 2009 as compared to October 2008. Another strong signal was that in addition to the 20 additional homes sold, we also saw 18 additional homesites sold in October this year. The third strong signal for October was the median home price as compared to last year was up $10,000. Additional sales and increased median home price is a good sign for those looking to buy and sell in the Outer Banks.

We are continuing to see a strong number of sold homes be distress sales – Outer Banks foreclosures and short sales. Foreclosures in Kill Devil Hills and Nags Head continue to be attractive to both investors and those looking to buy a vacation home in the Outer Banks.

Sold Homes Data for October