Home Selling in Duck>Question Details

Mary Wasiele…, Home Seller in Stony Point, NY

How is the market for sales in Duck NC?

Asked by Mary Wasielewski, Stony Point, NY Thu Mar 20, 2008

i am interested in selling but have held off as I understand the market is dead

Help the community by answering this question:


Values are down 40 to 50%. With interest rates low, and rental income at an all time high, now is a great time to be a buyer.
1 vote Thank Flag Link Mon Apr 28, 2014
The market is certainly not what it was leading up to our peak in 2005. And it is true that the average sales price has declined more than 30% since then. That being said, homes are still selling. It really depends on the seller's urgency and their ability to price the home competitively in the challenging market. If we researched the sales for the last 6 months for a similar home to yours - and if that resulting price point is something that is realistic for your selling situation - and if the home can be listed at that price point, then your home should sell in a reasonable amount of time. Keep in mind that the market is indeed a price market - and buyers are looking for the best overall "deal" - price - location - condition. I can provide you a very detailed analysis of the Duck market that would include past sales, current listings, average prices, market commentary, and of course; average days on market. All real estate agents have the ability to produce a market analysis for you - focus on the agent that has experience - especially across all types of market conditions - and most importantly - go with the experienced agent that you like - as you could be spending some time together. Best of luck to you.
Web Reference: http://www.rickobx.com
0 votes Thank Flag Link Wed Jan 11, 2012
What are you selling? If it has a great view and some rental income, I may be interested.
0 votes Thank Flag Link Tue Jun 10, 2008
Hello Mary,
Homes in Duck, NC for the 1st quarter of 2008, are selling in the average range of 167-240 "Days on Market". If your home is priced competively, it could sell even sooner! Having your home priced right initially is crucial in today's market. Pricing too high to begin with can be a major dealbreaker. This is where a professional can come in very handy! You need to be analyzing pending contracts just as much as closed deals to see what prices per square foot have created buyer incentive on those homes under contract.

Don’t listen to the gloom and doom stories! If you have given some thought to selling property that you currently own, I would be pleased to provide you with a FREE competitive market analysis (CMA). This information will help to determine a price range for your property. I will then go over these findings with you as well as review your competition within the neighborhood.

I advertise in the Homes and Land Magazine, subscribe to 25+ websites that will promote your home and I am a member of the Outer Banks Association of Realtors Multiple Listing Service. All of my listings will be in the local Homes and Land Magazine for the entire duration of the contract. I do not rotate my ads like most real estate brokers do. If it is for sale it is advertised! Additionally, I will construct a virtual tour of your home to promote it on the websites to which I subscribe. Please check out my inventory of virtual tours at http:// http://www.nagsheadhomes.com or http:// http://www.hughwilleyobx.com

Best Regards,
Hugh "Scooter" Willey
Associate Broker ~ Licensed NC Builder
Coldwell Banker Seaside Realty
0 votes Thank Flag Link Tue Apr 29, 2008
You need interview some local area realtors and have them each run a comparative market analysis of you home to determine the present market value. Then also make sure to ask them what the average days on market has been for the homes that have sold and what the present days on market is for the active comps that are still on the market. That will give you some indication of the present market.

Just remember to interview them just like it is a job, they are going to be working for you. If you decide to sell then make sure all parties are aware of what type (email, phone) and frequency (daily, weekly, monthly) of communication you are expecting.

Good luck
Larry Story
Coldwell Banker Triad
0 votes Thank Flag Link Sun Apr 20, 2008

As I work in property management I do not sell homes but the agents in my office say they are experiencing more sellers in the last thirty to forty five days. I would recommend getting a CMA from a local agent and then decide from there. If the market will not bear what you would like to receive from your home it may be wiser to hold off.
0 votes Thank Flag Link Sun Apr 20, 2008
From a local lenders point of view - the market is slow but we have seen a pickup in activity. Do you have an agent that you are working with? I will be glad to refer some that could give you an accurate estimate of what your home is worth. Please feel free to contact me with any questions.
Ronnie Roach 252-599-0364
Web Reference: http://www.ronnieroach.com
0 votes Thank Flag Link Thu Mar 20, 2008
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