The Outer Banks has proven to be a winner for buyers and sellers of real estate in 2021. With record-breaking sales, this sandbar is more than just a popular vacation destination; it’s also home to countless professionals, young families and retirees. Unimaginable possibilities opened when working remotely became the norm in 2020. People began asking themselves, “If I could live anywhere, why not the beach?”
- Outer Banks Real Estate Sales Break ALL Records* with the HIGHEST number of sales transactions in MLS History and Over 2 billion in sales volume. Inventory has also broken records with being at an all time LOW in MLS history.Total Sales UP 17% (+42% Residential, +88% Lots/Land, and +58% Commercial.)
- Total Volume Sold UP 45% (+42% Residential, +88% Lots / Land, and +97% Commercial.)
- Inventory DOWN 34% (-44% Residential, -24% Lots / Land, -18% Commercial.)
- Under Contract Listings Down 13% (compared to December 2020, however the second highest December listing count since 2005.)
View the complete Outer Banks Association of REALTORS® 2021 End of Year Report.
SAGA SALES CONTINUE TO SOAR!
Debbie Gabbert, SAGA Director of Sales shared:
“It’s an exciting time to be in real estate on the Outer Banks. Our exceptional sales team closed over $180,000,000 with 232 transactions in 2021! Our firm ranks in the TOP 3 of Outer Banks Firms based on Revenue per Agent and #7 in overall ranking. We experienced 136% growth in sales from 2020. We’re extremely proud of the hard work, dedication, and accomplishments of our entire team in 2021.
Now officially into 2022, with inventory at all-time lows, we’re anticipating the demand for new home construction to continue. Many clients are opting for our “build on your site” program which enables SAGA to build any of our award-winning house plans on your site. With the decreasing number of homes on the market this program helps clients build their forever home, vacation home or investment property without comprising the details that are important to them. If you don’t own land yet, our team is ready to help you locate the perfect property to build on!
SAGA Construction isn’t just building single-family homes. Look for some exciting announcements in the coming months regarding multi-family condos and long-term rental apartments.
We are confident that 2022 will continue to be a great time to build, buy, sell and invest in the Outer Banks! Our team is ready to help you with ALL your real estate needs!
