The most recent statistical reports indicate that Hatteras Island’s economy is doing quite well so far this year.
Meal tax receipts, which reflect the health of the island’s food service businesses, showed an increase of nearly 8 percent through July in comparison to the first seven months of 2017.
Occupancy tax receipts, which indicate how well the motels, campgrounds, B&Bs, and rental companies are doing rose almost 5 percent during the same period.
Residential real estate indicators through August reported positive results in almost all categories including the median sale price of homes which rose 5.2 percent over January to August last year.
In addition, the median sale price of undeveloped lots registered a whopping 26.9 percent increase, reflecting renewed buyer interest in this market segment as well as the declining supply of lower priced properties.
It is a great time to buy on Hatteras Island!