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2023 Q3 Outer Banks Real Estate Numbers
The *2023 Q3 real estate numbers have been published by the Outer Banks Association of Realtors. Coldwell Banker Seaside Realty has maintained the top placement for **nine consecutive years.
*2023 Q3 Real Estate Numbers
*2023 Q3 OBX Real Estate Sales by Volume
- Coldwell Banker Seaside Realty-$239,691,938
- $220,312,331
- $161,684,904
- $93,246,573
- $83,687,475
*2023 Q3 OBX Real Estate Sales by Units
- Coldwell Banker Seaside Realty-388
- 351
- 291
- 173
- 155
The Coldwell Banker Seaside Realty team takes pride in delivering the highest level of customer service, creating lasting client relationships, and giving back to the Outer Banks community.
Learn more about Coldwell Banker Seaside Realty here.
*based on information from the Outer Banks Association of Realtors MLS 1.1.23 – 9.30.23
**based on information from the Outer Banks Association of Realtors MLS 1.1.2014 – 9.30.23
Outer Banks Events Halloween Weekend
Halloween Weekend Events on The Outer Banks
The Outer Banks has some fun events happening around town for Halloween. What will your costume be? The weather is set to be in the 70’s this weekend, with great temps for the last weekend in October on the OBX! Check out these local events:
The 10th Annual Outer Banks Halloween Parade of Costumes
October 29, 2023~Aviation Park, Kill Devil Hills
The FREE, family-friendly Halloween party is open to all ages, starting at 2:00 p.m. with trick or treating provided by local nonprofit organizations and area businesses around the frog pond at Aviation Park, plus various decorated vehicles and props on display throughout the park for photos. The short walking parade will begin at 3:00 p.m., followed immediately by the judging ceremony for the Best In Show costumes in three categories.
Register for the parade here.
Outer Banks Brewtag
October 28, 2023~Nags Head Soundside Event Site
Presented by Kitty Hawk Kites, and hosted by the Rogallo Foundation, this event is a celebration of flight and beer. Brewtag teams from all over the East Coast compete to see who can launch and fly an empty 1/6 keg barrel the farthest. Live music by local artists throughout the event pairs well with the local and regional craft breweries on-site and local food vendors ready to serve! This family-friendly event will also feature plenty of activities for the kiddos with a kid zone featuring games and crafts and lots of room to hang with friends, and kids, and watch the show!
More information can be found here.
Island Farm Pumpkin Patch
October 28, 2023~1140 N US Highway 64 Manteo
Bring your friends and family to celebrate the arrival of fall at Island Farm! On the first four Saturdays in October, Island Farm will host its 12th annual Pumpkin Patch event. There will be no shortage of fun memories to be made, with a diverse array of fall games and activities offered. This event will take place on October 7, 14, 21, and 28 from 9 A.M. until 3 P.M. Admission for visitors aged four and older is $10.
Children 0-3 years old are admitted for free.
Dare to Scare 5K & Sweet Treat Fun Run
Saturday, October 28, 2023
The Virginia S. Tillett Community Center, located at 950 Marshall C. Collins Drive in Manteo,
will host its annual Dare to Scare 5K & Sweet Treat Fun Run beginning at 8 a.m. on Saturday, October 28, 2023. All proceeds from the race will benefit the Virginia S. Tillett Community Center’s annual toy drive for local children in need, which will take place in December. The 5K event consists of a 3.1-mile race on a scenic course that begins at the Coastal Studies Institute in Skyco and continues along various residential roadways and trails—including portions of the Marshall and Gussie Collins Walkway—before ending at the finish line located at the Virginia S. Tillett Community Center.
View more information and register here.
Wicked Woods
Friday, October 27 through Sunday, October 29
Nothing is spookier than a haunted trail adventure out in East Lake. The hours are 7:30 to 11 p.m. Admission is $20 at the door. The address is 18766 U.S. Highway 64, East Lake.
View more information here.
A Night of 1587 Pumpkins
Saturday, October 28
The Elizabethan Gardens is going all out for Halloween with a family-friendly event in which they attempt to light 1,587 jack-o-lanterns to line a walkable pathway. There will also be trick-or-treating, contests, hot chocolate, apple cider, and s’mores. They need carved pumpkins to make this happen, so bring a carved jack-o-lantern with you between 5 and 6:30 p.m. or show up at the Gardens on Thursday or Friday from 10 a.m. to 4 p.m. to help carve. Event hours are 5 to 8 p.m. Cost to enter is $12 for adults, $4 to $8 for youth, $5 for a dog, and free for ages 2 and younger.
Find more information here.
Barks & Brews Halloween Dog Costume Contest
Swells’a Brewing is hosting this event to benefit Outer Banks SPCA. Bring your dog in costume or come to see all the dressed-up pooches. This happens from 3 to 6 p.m., and cost $20. Swells’a is at 1802 S. Virginia Dare Trail in Kill Devil Hills.
Ships & Sweets
Sunday, October 29
Trick or Treat at Oregon Inlet Fishing Center. Kids can trick or treat along the docks, stopping at the boats for treats and games. Plus there’s food (she-crab soup from Sea Chef Catering!), a raffle drawing (bring a nonperishable food item to be entered into the raffle), and special guests. The fun starts at 5:30 p.m. at 8770 Oregon Inlet Road, south of Nags Head.
Buying an Outer Banks Investment Home
So, you’re thinking about buying an investment home on the Outer Banks of North Carolina. Congratulations! Our TowneBank Mortgage Loan Officers located on the Outer Banks are ready and well-equipped to help you with your second home purchase.
Here are some helpful tips about financing a vacation home:
- A vacation home, or second home, is a residence that you plan to occupy for part of the year. It’s typically used as a vacation home but could also be used as a property that you visit on a regular occasion—such as an apartment in a city you visit frequently for work.
- Typically, vacation homes must be located a certain distance from your primary home, or in a resort area, such as the Outer Banks of North Carolina. You cannot typically own another home in the same area.
- Borrowers who want to purchase an Outer Banks investment home must have enough income to qualify for monthly payments and will typically need a sizable down payment, of at least 10%.
- To qualify for a second home, a borrower must ensure that the home will be occupied only as a second home and that the property will be kept available for the borrower’s exclusive use and enjoyment. This means that the borrower cannot use the home solely as a time-share or rental home. If there is seasonal rental income on the home, you cannot use any rental income for qualifying. This doesn’t mean you can’t rent out your vacation home on occasion, which is a common misconception.
- Your vacation home is considered a dwelling unit if you use it for personal purposes for 14 days during a taxable year or use it for 10% of the total days you rent it out to others. In fact, borrowers may rent out their vacation home for 14 days throughout the taxable year without reporting any income to the IRS. You cannot deduct expenses associated with renting the property, but can still deduct mortgage interest, real estate taxes, and casualty and theft losses, according to the IRS. You should consult your tax advisor for more details.
- Local property management companies allow homeowners to be absentee owners but still have full control to use the property whenever they want for however long they would like. The property management company can help you keep track of rental usage and report it to the IRS.
Discover your next Outer Banks investment home and contact a Coldwell Banker Seaside Realty agent for all your real estate needs.
When you’re ready to commit to a second home in paradise, give one of our Outer Banks Loan Officers a call. Visit TowneBankMortgage.com for more information.
NMLS# 512138
TowneBank Mortgage is not a tax consultant. Contact your tax advisor for more details. The information contained herein (including but not limited to any description of TowneBank Mortgage, its affiliates and its lending programs and products, eligibility criteria, interest rates, fees, and all other loan terms) is subject to change without notice. This is not a commitment to lend.
The information contained herein (including but not limited to any description of lending programs and products, eligibility criteria, interest rates, fees, and all other loan terms) is subject to change without notice. This is not a commitment to lend.
Disclaimer: Content provided by TowneBank Mortgage for informational purposes only. The information contained herein (including but not limited to any description of lending programs and products, eligibility criteria, interest rates, fees, and all other loan terms) is subject to change without notice. This is not a commitment to lend. TowneBank Mortgage NMLS #512138. Equal Housing Lender
Fall Open House Ideas
Do you have an Outer Banks property for sale? As the cooler months approach, fall is a great time of year to host an open house. The summer hustle is over, and September through November are historically busier months for the Outer Banks real estate market.
Open House Ideas For Your OBX Property
- Fall Decor: Decorate with mums, hay, pumpkins, and all things fall outside and inside. Add a few cozy throw blankets and perhaps cinnamon-scented candles.
- Refreshments: Consider offering fall-themed refreshments such as; apple cider, a fall charcuterie board, cookies from a local bakery, or caramel apples.
- Promote on social media: Be sure that your Outer Banks realtor promotes your open house on all their social media channels. Cross-posting to local Facebook groups is also a great way to get more attendance at your open house.
- OBX Golden Hour: Consider hosting your next Outer Banks open house in the evening around 4 pm-6 pm before the sun completely sets. This time of day, depending on the location of your home, you can create a warm and inviting backdrop to your home for potential buyers.
Referred to as “locals summer”, fall can be a great time of year for your next open house. If you are looking for an Outer Banks property or OBX agent, contact Coldwell Banker Seaside Realty at cbseaside.com.
2023 Outer Banks Parade of Homes
2023 Outer Banks Parade of Homes hosted by the Outer Banks Home Builders Association
Make plans to attend The Outer Banks Home Builder Association’s 31st annual Parade of Homes- October 5-7, 2023.
The 2023 Outer Banks Parade of Homes (OBPH) experience is Columbus Day weekend and the tour hours are Thursday-Saturday from 10:00 am-6:00 pm. During these three days, you will have exclusive access to some of the most innovative, exciting homes on the Outer Banks.
As a tour visitor, you will have access to the masterful builder’s information and are encouraged to reach out and discuss your homebuilding plans and dreams!
October 8: New for 2023, the Outer Banks Home Builders Association will be hosting a Trade Expo for its members at the Ramada Inn in Kill Devil Hills. Take the opportunity to meet with the Outer Banks’ businesses that support the OBX building industry and see their products firsthand.
Coldwell Banker Seaside Realty Agents will be available all weekend to assist OBPH attendees and discuss any Outer Banks real estate opportunities and questions.
Learn more about the 2023 Outer Banks Parade of Homes here.
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Outer Banks Community | Martin’s Point
Outer Banks Community Feature: Martin’s Point
As you enter the Outer Banks via HWY 158, the Outer Banks community of Martin’s Point is situated on the sound, at the base of the Wright Memorial Bridge. Delivering some of the best sunsets on the Outer Banks, this neighborhood is one-of-a-kind.
About the neighborhood.
This private, gated community is a highly sought-after neighborhood on the Outer Banks. With more than 385 homes currently in Martin’s Point, most of the home lots are partial to heavily wooded, private, and spacious. The waterfront community is located within the town of Kitty Hawk, NC, and offers walking trails, parks, tennis, and a private marina. The styles of homes you can expect to see in Martin’s Point range from contemporary to Cape Cod to more traditional coastal style.
Martin’s Point Sunset
Beach, shopping, and more.
Martin’s Point is less than a mile from the beach and within biking and walking distance to local restaurants, grocery stores, coffee, and pizza shops, as well as larger retailers like Marshalls, Walmart, and Home Depot.
If you are looking for an Outer Banks property in a waterfront, private, tranquil community, consider Martin’s Point!
View all active listings in the Outer Banks Community of Martin’s Point and find your next Outer Banks home here!
Benefits of Selling this Fall
Benefits of Selling this Fall
Fall is upon us! If you’ve been considering putting your home up for sale and buying a new one, here are a few benefits that come with the Fall season.
Buyers are more serious this time of year
Buyers who are still actively looking during the fall tend to be more motivated, whether they
have a pressing matter such as a job change or major life change such as a baby, marriage, or divorce that is forcing them to move. Motivated buyers could work in your favor.
Fall colors highlight the home
Sure, spring brings flowers and fresh buds, but the fall foliage is equally as beautiful. Plus, staging with a fall or holiday theme can help potential buyers imagine themselves spending the holidays at your home.
Buyers can get situated before the holidays
If you’re buying or selling in the fall, you could be in your new home before the holidays. Plus, with fewer people moving during this time, you’ll have better access to movers and other resources that are clogged up during the spring and summer.
More accurate pricing
It’s easier to accurately price your home. With over 9 months of accurate sales data from this year, your real estate agent can calculate the best sales price for your home. This will help your home sell quickly and for maximum value.
Inventory is limited
Buyers are having a difficult time finding homes on the market that fit their needs. Inventories are low in most areas throughout the country and unable to meet demand. This means less seller competition and increased buyer interest, which could result in bidding wars or a higher sales price.
Take advantage of those year-end sales
If your new house is a fixer-upper, jackpot! The fourth quarter can be a great time for renovations. Fall is the time to save on new floors, windows, cabinets, air conditioning, and really anything that is considered off-season. Companies and tradesmen want to keep their people busy and are willing to give you a price break as an incentive.
Start searching for your next Outer Banks property today!
The information contained herein (including but not limited to any description of lending programs and products, eligibility criteria, interest rates, fees and all other loan terms) is subject to change without notice. This is not a commitment to lend.
Disclaimer: Content provided by TowneBank Mortgage for informational purposes only. The information contained herein (including but not limited to any description of lending programs and products, eligibility criteria, interest rates, fees and all other loan terms) is subject to change without notice. This is not a commitment to lend. TowneBank Mortgage NMLS# # 512138. Equal Housing Lender
Fall Outer Banks Events | 2023
Things may begin to slow down, but there are so many great Fall Outer Banks events to check out! From surf contests to music festivals and everything in between, some of our agents’ favorite annual events take place in September and October on the OBX.
Featured Fall Outer Banks Events
Hatteras Island Events
Day at The Docks
Hatteras Village
September 15-16, 10am
Two Days of Events:
Friday, September 15, 2023
Seafood Under the Stars – Chef prepared a six-course dinner with optional wine pairing featuring locally sourced seafood. Friday, – Light hors d’oeuvres begin at 6:30 PM, Hatteras Civic Center, Hatteras Village Tickets: $55 each, $75 with wine pairing
To purchase reserve seating online here.
This event is limited to 100 seats.
For more information email: hatterasuninterrupted@gmail.com
Saturday, September 16, 2023 –
Fishy K Fun Run, Chowder Cook-off, Demos and Dock Chats, Children’s Activities, Main Stage Activities, Seafood Throwdown, Exhibitors and Vendors, Community Space, Blessing of the Fleet.
View all event information here.
Nags Head Events
ESA Easterns Surfing ChampionshipJennette’s Pier
September 17-23
The largest amateur surfing organization in the world hosts the season’s “grand finale” where the best of the best surfers go head to head.
View all event information here.
Nags Head Surf Fishing Tournament
October 4-6
For a community-driven fishing tournament, check out the Nags Head Surf Fishing Tournament where skilled 
and amateur anglers show off their skills up and down the beach. The event includes lunch for participants on both days and social events each evening, where there will be food buffets and beer.
View all event information here.
Outer Banks Seafood Festival
Soundside Event Site
October 21, 2023
Outer Banks Seafood Festival is a fun and educational experience promoting, honoring, and celebrating the area’s seafood heritage and community. The festival offers opportunities to meet Outer Banks watermen and see the tools of their trade, including boats, crab pots, and pound nets. You’ll find educational booths, live music, an arts and crafts village, and, best of all, the chance to eat fresh, local seafood from more than a dozen restaurants.
View event information here.
Outer Banks Brewtag
Soundside Event Site
October 28, 2023, 12 pm-6 pm
Presented by Kitty Hawk Kites.
How far can a keg fly? Hosted by the Rogallo Foundation, this event is a celebration of flight and beer. Brewtag teams from all over the East Coast compete to see who can launch and fly an empty 1/6 keg barrel the farthest. The sky is the limit as to how creative your homemade flying contraption can be! Individuals and teams are welcome to register and be part of the unique keg flying competition. Live music by local artists throughout the event pairs well with the local and regional craft breweries on-site and local food vendors ready to serve! This family-friendly event will also feature plenty of activities for the kiddos with a kid zone featuring games and crafts and lots of room to hang with friends, and kids, and watch the show!
View all event information here.
Duck Events
Duck Jazz Festival
October 7-8
Duck Town Park
The Town of Duck brings jazz to the Duck Town Park annually on Columbus Day weekend. Enjoy live music from a variety of jazz performers with a full day of performances on two stages at this non-ticketed festival. Extend your Outer Banks stay to enjoy jazz-themed events and promotions taking place throughout Duck businesses and beyond. Food and drinks will be available to purchase from various town eateries and chairs will be available for rent. Attendees are invited to bring food, coolers, chairs, blankets and pets. No beach umbrellas or tents are permitted at the event. The Duck Jazz Festival will be held rain or shine.
View event information here.
September and October are full of great Outer Banks events!
For a full list of everything happening on the OBX, visit: outerbanks.org
Annual Seaside Day
On Tuesday, August 29th, our team celebrated Annual Seaside Day at John’s Drive-In in Kitty Hawk. After a busy Outer Banks rental season, we always look forward to getting together for this annual event.
Thank you to Outer Banks agent Chelsea Jordan and her family for hosting us-we had such a great time!
Discover Ocracoke Island
Discover Ocracoke Island-Ocracoke is just a short ferry ride from Hatteras Island. This cozy little harbor town is bursting with natural beauty, offers miles of undeveloped beach and picturesque landscapes. If you are lucky enough to take a short trip over to Ocracoke Island from the OBX, we’ve got your list of must-do’s when visiting Ocracoke.
Things To Discover on Ocracoke Island
Places to eat on Ocracoke Island
- Howard’s Pub
- Dajio Restaurant
- The Fudge & Ice Cream Shop
- Hang 10 Smoothies
- Smacnally’s
Things to do on Ocracoke Island
- Renting a golf cart is the best way to get around the island
- Visit the Ocracoke Lighthouse
- Enjoy a beach day
- Shop the local boutiques and novelty shops
- Stop in Zilly’s for a glass of wine and enjoy their porch under the trees
Whether you take a day trip or spend a few days-Ocracoke Island is a must-visit. We are certain you will fall in love with this simple yet lovely coastal town.
