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Life on the Outer Banks
September 2006
The "State of Sales".  
This month I review sales activity from Jan 2006 to Sept 14, 2006.
 
                                      Jan 1, 2006 to Sept 14, 2006                                                
                                                     
                                                           Sold                       Under Contract               Active                Inventory        
                                                     QTY         $                   QTY        $                QTY        $                  years        
                                                     
Northern Beaches**   houses        214        $ 169 M         3        $ 3.2 M        757         $ 899 M          2.48         
                                Lots                   31        $ 18.0 M        8        $ 5 M           265         $ 145.0 M       6.00         
                                                     
Corolla **                  houses              89        $ 83.9 M        1        $ 0.6 M        435         $ 554.5 M       3.43         
                               lots                     15        $ 10.9 M        7        $ 5 M           190         $ 102.0 M        8.88         
                                                     
Corolla Light            houses              14        $ 12.3 M         0        $ 0 M            41          $ 42.8 M         2.05         
                              lots                        0        $ 0.0 M           0         $ 0 M             5           $ 3.0 M                
                                                     
Currituck Club          houses               9         $ 7.0 M           0         $ 0 M            77         $ 77.8 M         6.00         
                               lots                      6         $ 3.9 M            1        $ 0.4 M         66         $ 33.2 M         7.72         
                                                     
Monteray Shores     houses               5         $ 1.9 M            0        $ 0 M            22          $ 16.3 M        3.09         
                               lots                      0         $ 0 M               0        $ 0 M             38         $ 11 M                
                                                     
Ocean Sands           houses             26         $ 19.6 M         0        $ 0 M             81         $ 76.0 M         2.19         
                              lots                       4         $ 4.4 M            0        $ 0 M             23         $ 13.8 M         4.03         
                                                     
Whalehead              houses              10         $ 15.0 M         1        $ 0.6 M          96         $ 138.2 M        6.73         
                              lots                       1         $ 0.9 M            0        $ 0 M              21        $ 20.9 M        14.73         
                                                       
Duck                          houses             63         $ 45.8 M         2        $ 2.7 M         182         $ 218.0 M        2.03         
                              lots                       4         $ 2.0 M            0        $ 0.0 M           29         $ 22.2 M          5.08         
                                                     
Southern Shores    houses             39          $ 23.6 M         0        $ 0 M            101         $ 90.3 M          1.82         
                              lots                      9           $ 3.6 M           0        $ 0 M              27         $ 11.3 M          2.10         
                                                     
Chicahauk               houses              13         $ 8.5 M            0        $ 0 M             15          $ 11.4 M           0.81         
                             lots                        1         $ 0.3 M            1        $ 0.3 M            5          $ 1.8 M              3.51         
                                                     
Martins Point           houses               10        $ 7.4 M           0         $ 0 M              24         $ 24.6 M          1.68         
                            lots                         2         $ 1.0 M            0        $ 0 M              14         $ 7.0 M             4.91         
                                                     
                                                     
                                                                                                                              Days into year        256                      
** excludes 4 Wheel                                                                
                                                         
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I just returned from Bermuda.  It was my 4th trip there.  We love the Island and it's
pretty close to North Carolina.

One of the local dishes I really enjoy is Bermuda Chowder.  A  blend of seafood
and spices.   Serve with warm crusty bread and Sherry Pepper Sauce to sprinkle
on top."

                                                 Bermuda Chowder
Prep Time        30 min
Cook Time        50 min
Ready In:          1 Hour 20
Servings:          6

INGREDIENTS:
2 tablespoons vegetable oil
3 stalks celery, chopped
2 carrots, chopped
1 onion, chopped
1 green bell pepper, chopped
3 cloves garlic, minced
3 tablespoons tomato paste
4 cups clam juice
2 potatoes, peeled and cubed
1 (14.5 ounce) can peeled and diced tomatoes
2 tablespoons Worcestershire sauce
1 jalapeno pepper, seeded and minced
1 teaspoon ground black pepper
1 bay leaf
1 pound red snapper fillets, cut into 1 inch pieces

DIRECTIONS:
Heat oil in a large soup pot over medium heat. Add celery, carrots, onion, green pepper, and garlic;
saute about 8 minutes.

Stir in tomato paste, and cook 1 minute. Add clam juice, potatoes, canned tomatoes with juice,
Worcestershire sauce, jalapeno pepper, bay leaf, and ground black pepper. Simmer until potatoes are
tender, stirring about every 30 minutes.

Add fish. Simmer until snapper is easily flaked with fork, about 10 minutes