Avon real estate is among affordable options along the Outer Banks; selling on average for about 185$ per square foot (sqft) for homes off the oceanfront and off the soundfront. Bank-Owned real estate in Avon in 2009/2010 on average sold for about 30% lower price per sqft than private sales. Short Sales in Avon are not far behind with banks making it easier to short the required pay back sum for distressed borrowers.
As with all the Outer Banks (OBX), Soundfront homes in Avon are usually more affordable waterfront homes than Avon houses on the beach. On the other hand, oceanfront realty has a much higher return on investment (ROI) for annual vacation rentals. Co-ownership of an oceanfront home or an oceanfront condo are good options for investors with lower budgets. According to 2009/2010 Outer Banks MLS statistics of sold homes in all the OBX, the actual average selling price of Avon Real Estate is about 8% lower than the price that was initially asked. Nevertheless, this difference between Ask/Sold prices, as well as price per sqft, varies greatly from home to home depending on a few key factors. One of them is location to the ocean, sound or access to other waterfront. Second factor on beach houses is rental performance; strong past rentals will usually command a higher price, especially for larger, oceanfront homes in Avon. A third factor is the conditon and quality of construction which can vary greatly and may not be as good as initially claimed by the sellers; an exerienced Broker can help you determine both of these, along with your home inspector. Call us for more information on investment opportunities and to access to our up to date investment analysis of homes for sale in Avon. Our mission at The Dean Agency is to provide our customers with the most complete information on Outer Banks real estate and advise them on the wisest possible decision.
Listings information obtained through IDX (Internet Data Exchange). Information being provided is for personal, noncommercial use and may not be used for any purpose other than to identify prospective properties for purchasing.