Welcome to the Outer Banks Monthly
Welcome to the November 2009 edition of the Outer Banks Monthly. Expect the same format as last month. The highlight of this month’s edition will be the Outer Banks Realtors Roundtable in the Owner’s Section. I had the opportunity to ask four Realtors their view on where the OBX real estate market is heading. I think you will find it well worth the read! Sit back and enjoy, and as always, if you have ideas for future stories, drop us an e-mail at Outer_Banks_Monthly@outer-banks-revealed.com or use our Contact Us page.
Outer Banks Vacations: It Just Makes Cents
In these trying economic times, do you forgo the annual trip to the beach to save the money? Maybe it is time to consider the Outer Banks of North Carolina. Here is a comparison of several beach destinations’ rental rates from New Jersey down to North Carolina that may save your summer beach vacation and a few bucks as well.
Our many trips vacationing on the Outer Banks have always been mainly because we loves the beaches, the sightseeing, the people we met, and the overall OBX experience. When people have asked us why we vacationed on the Outer Banks, living seven hours away, we always would mention one of the above factors.
This year, with the economy in the worst shape in memory and people losing jobs or fearful of losing jobs, the question around the feasibility of taking a vacation has been felt by nearly everyone. People are looking for ways to hold onto the money they have, but are still looking for ways to take some relaxation time.
Now, more than ever, a vacation on the Outer Banks is more affordable. As an example, let’s take a six bedroom and seven and a half bath house with an elevator in Salvo. The high season rate is $5,330. This includes everything but taxes. The house is 100 feet from beach access and has both ocean and sound views. Central air, fully stocked kitchen, a private pool and hot tub, elevator, wireless Internet and beds made and towels provided are all included. There are no additional charges for house cleaning, credit car fees, booking fees, security deposits and so forth. For a six bedroom house on the Outer Banks, this may be in the upper range for price for a house that is “ocean-side.” Ocean front house will likely run slightly higher.
Now let’s compare comparable homes in other beach resorts I pass on the way to the Outer Banks: Avalon, New Jersey; Bethany Beach, Delaware; Ocean City, Maryland; and Virginia Beach, Virginia. All are beautiful houses but all have slightly different amenities, but none offer any more than what is available in the Salvo, North Carolina house. All of the houses are ocean side but nor ocean front. The rental prices were as follows:
||Weekly Rental Rate
|Avalon, New Jersey
||5 bed, 5 bath
|Bethany Beach, Delaware
||6 bed, 4 bath
|Ocean City, Maryland
||5 bed, 4 bath
|Virginia Beach, Virginia
||6 bed, 4 bath
|Salvo, North Carolina
||6 bed, 7.5 bath
As with any sample, rental prices vary by house in a particular market, based on amenities, location to the beach and so forth; however, it is clear that you do get more house for you money in the Outer Banks both in size of the house and in the amenities the house provides.
Now, mix this in with the other things you can do and see on the Outer Banks outside of a week of beach fun and suddenly you have all the makings of a truly unique family vacation experience. The Outer Banks has a wide range of historical sights, like the Wright Brothers Memorial and the four lighthouses. In addition, with six championship golf courses and world renowned fishing, there is something for whatever your passion.
Outer Banks Survey Update
The Outer Banks Revealed Survey Page has been up and running for a few months now, and some interesting trends are starting to emerge. Thanks to all of those who have participated! First, it appears that most people who have taken the survey generally drive either 5-8 hours or 8-14 hours (68%), a trend unchanged from previous months. That says something about the draw of the Outer Banks that people would bypass other beach resorts to vacation on the Outer Banks. As the first article points out, the Outer Banks are an economical vacation spot! Favorite things to do? Hit the beach (48%) or just relax (41%). I had expected a small shift towards fishing, given the time of year, but no real change.
Another survey points out that vacation homes are still the number one place to stay (89%) when vacationing on the Outer Banks. This led us to start up a few other surveys around the selection of your rental home. One asks when you typically book your rental, another asks what size house (number of bedrooms) you typically look for, and finally how do you find the perfect house? Follow the "Outer Banks Revealed Survey Page" link to cast your vote. Won’t take more than five minutes and we greatly appreciate your participation!
Outer Banks Homeowners
What’s Happening in the OBX Real Estate Market
This month Outer Banks Revealed started its inaugural Outer Banks Realtor Round Table. We were very pleased with the participation in this first ever event, and we view this as a must read for anyone contemplating either buying or selling rental property on the Outer Banks. The following realtors agreed to participate: Heather Sakers from Coldwell Seaside Realty, Jean-Paul Peron from Sun Realty, Morgan Mason from Sun Realty and Tara Burlage from BD&A Realty. We plan to update this report every six months following the Spring and Fall Markets. We believe this will maximize the effectiveness of the report. We asked a series of eight questions to which each of the Realtors responded. Click on the link to review the full Outer Banks Vacation Realty Round Table.
What’s New in Outer Banks Revealed?
Outer Banks Revealed continued expanding in new and exciting ways this past month. Below is an outline of those changes. Come on by and check them out for yourself and let us know your thoughts by sending us an e-mail. If you have questions or would like to see other things on the site, feel free to include that in your e-mail. Here’s what was added last month:
- Just Ask!: You have questions? We have answers! Ask any question you may have about the Outer Banks and we will supply you the answer (or reach out to one of our OBX friends to get you an answer). Come on over and see the questions already asked, and if you have one ... Just Ask!
- Outer Banks Vacation Realty Round Table: Already mentioned in the Home Owner’s Section, get the questions answered on the Outer Banks Realty Market by the professionals: The Outer Banks Realtor. The Fall 2009 roundtable is now posted.
- Your Pictures : Not a new page, but a new submission has been added Check out the great picture submitted by Jim Dollar, Hatteras Dunes, taken in the Cape Hatteras National Seashore. Scroll down below the submission box to find the link.
- Golf: What the heck is a link to a Myrtle Beach Golf Package provider doing on an Outer Banks website? Well, I figure if you are a golf fanatic, why not have the pros at Golf Trek put together one of their fabulous Myrtle Beach all inclusive golf packages for you.
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