| Life on the Outer Banks July 2007 |
| "State of the union" Q1 & Q2 OBX Real Estate sales We are still in a Buyers Market. Property sales dropped in volume again in Q1 and Q2 of 2007 over the previous year, most sales are at 2004 levels. This is a great time to purchase. |
The average price as a % of Tax Assessed Value on Corolla
homes sold in Q4 2006, Q1 and Q2 2007 was -4.63%
See Graph below plotting the SOLD price as a % of Tax Value against number of properties sold.
homes sold in Q4 2006, Q1 and Q2 2007 was -4.63%
See Graph below plotting the SOLD price as a % of Tax Value against number of properties sold.
| 66% of recent corolla homes sold, were sold under tax assessed value. |
| The majority of Corolla homes sold in 2007 were under $1M. |
| Graph plots number of homes SOLD in $100k increments |
| When do you think the market will turn? The US Office of Federal Housing Oversight publishes reports on housing trends, the following graph is of housing prices in the USA since 1975. |
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