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All News NewsHatteras Island Praisefest on Friday at the Pier
St. John's UMC is sponsoring a Hatteras Island Praisefest - Free Family Fun! There will be live music by local praise and worship bands as well as others, bake sale, games for the kids and more. Come join us for an evening of fellowship and fun on Friday, July 30 from 5 pm to 9 pm at the Avon Fishing Pier on Rt. 12 in Avon.
Hope to see you there! Studio 12 News
Join Studio 12 on facebook and get your chance to win some great stuff such as
hand crafted jewelry, gift certificates and more! All you have to do is
become our "friend" and then post us a message on our wall. You can
even include a photo of your Studio 12 project, such as the mosaic table
on the left. Just by making an entry on the Studio 12 wall you will
automatically be entered in our drawing. Starting in September we will
be drawing names to giveaway cool stuff! Drawings will begin September
15th so don't hesitate; post your message today! Visit us at
www.facebook.com/Studio 12
Summer Store hours
9:30 to 6 Monday through Friday
9:30 to 5 Saturday
11:00 to 5 Sunday
Paint by Wednesday, pick up Friday - Paint by Thursday, pick up Saturday AM!
Mosaics are always made and take the same day!
We look forward to seeing you at Studio 12! Hatteras Island Needs Your Help!
A group of Moms on Hatteras Island have started a letter-writing campaign to First Lady Obama and Governor Kay Hagen as a mother-to-mother plea to replace the Bonner Bridge. They are hoping to have 250 letters to send by August 10. Even if you live off the Island, are not a mother but maybe an aunt, cousin, or have friends on the Island, or are just concerned, you are welcome to join our cause. Below is a link for a sample letter template, which you can email back to me and I can hand deliver to the folks organizing. Every letter counts!
Another option for off-island supporters would be to mail/fax (organizers note handwritten or hand-signed is best) to:
Beth Midgett c/o Midgett Realty, PO Box 250, Hatteras, NC 27943 RE: Bridge Moms
Or fax to 252-986-2745 (cover sheet Attn: Beth Midgett, Bridge Moms Group, or bethm@midgettrealty.com subject line: Bridge Moms Group
Here is the link to the sample letter:
http://www.facebook.com/#!/pages/Bridge-Moms/144941862188265?v=app_4949752878&ref=nf
Please email letters back to:
"Jenn Augustson"
Thanks for your help!!
All SalesSalesDistressed Property Update
While the Hatteras Island real estate market is showing signs of recovery by a variety of statistical measures, the presence of short sales and foreclosures is still an important factor influencing sales and selling prices.
Between January and May of this year, distressed properties represented 46.2% of all residential sales. This is just about the same percentage that was reported during the first five months of 2009, although the number of sales has risen by about 62.5 percent. Interestingly, the mix of short sales and foreclosures was quite different between the two years.
During the first five months of 2009, there were only 3 short sales compared with 19 this year. This increase probably reflects a growing awareness by sellers of the advantages of a short sale as a pre-foreclosure alternative and a higher level of comfort with the short sale process among real estate agents. We also believe that the number of short sales is understated, since some sellers choose to bring cash to the closing table vs. having their financial profile adversely impacted by having a short sale on their record. SIGNS OF RECOVERY
Early June is truly a wonderful time on Hatteras Island. Summer visitors are starting to return for their vacations. The oleanders are in full bloom, and the ocean is a magnificent kaleidoscope of blue. Perhaps the excitement and anticipation of a new season is causing me to be overly optimistic, but I honestly believe that the worst of the recent market cycle is behind us, and the island's real estate market is on the road to recovery. SPRING 2010 MARKET UPDATE
With the summer season officially starting this month, we thought it might be interesting to check the status of the island's real estate market. We are pleased to report that residential sales have been significantly higher (+47.2%) during the first five months of this year compared to the same period in 2009. In addition, the average selling price has remained essentially unchanged (-0.4%). The average residential selling price from January through May this year was $370,538. Both of these statistics lead to the cautious conclusion that the real estate market on Hatteras Island looks like it is on the road to recovery.
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