Tuesday, March 2, 2010

The Outer Banks Is A Great Vacation Home Market

The Outer Banks Is A Great Vacation Home Market
The Outer Banks Is A Great Vacation Home Market
The Outer Banks Is A Great Vacation Home Market
North of Corolla, where Highway 12 ends, nearly 15 miles of dunes stretch to the Virginia border, dotted with vacation homes accessible only by four-wheel-drive vehicles: "That's a whole different buyer seeking remote privacy." • Southern beaches: Hatteras Island is even less developed than the Northern beaches, and it is well-known for Most homes are in the $400,000-$800,000 range, though Corolla is known for larger oceanfront homes up to $5 million," a local Outer Banks realtor notes. "Favorites include Duck and Corolla, and it's mostly single-family homes, though at the low end you can get a one-bedroom waterfront condo for under $200,000. They are as follows: • Northern beaches: This area includes the towns of Duck, Corolla, Southern Shores, Kitty Hawk, Nags Head and Kill Devil Hills. In a recent USA Today article the Outer Banks was classified into three different areas.

Towns such as Duck and Corolla have become very popular for vacation home owners because these are popular rental markets. Most homes are either oceanfront or within short walking distance to the ocean. One reason for underdevelopment on the OBX is the thinness of the islands. Starting at the Virginia Border, the Outer Banks spans three counties and runs south along the North Carolina coast for about 130 miles. The Outer Banks has preserved its quaint charm throughout the years, and its unique feel attracts hundreds of thousands of visitors each year.

The east coast is covered with resort towns that have become heavily populated, and most beach towns on the east coast are covered with shopping, high rise developments, parks and huge condo units. The OBX offers unique local appeal with historic relevance like the legends of Blackbeard the Pirate or the birth of aviation. The Outer Banks of North Carolina has become the prime east coast destination for vacationers to escape to the beach and relax.

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