Living in Powells Point, NC
Powells Point, NC, is a tranquil community in Currituck County, offering a peaceful suburban lifestyle just a short drive from the beaches of the Outer Banks. The area boasts a tight-knit community atmosphere, plenty of outdoor recreational opportunities, and convenient access to local amenities, making it an ideal place to live for families and retirees alike.
Current Market Conditions in Powells Point, NC
The real estate market in Powells Point is currently experiencing a steady growth trend, with increasing demand for homes due to its proximity to the Outer Banks. This has led to a competitive market, with buyers looking for both primary residences and vacation homes.
As of late 2023, home prices have seen a gradual increase, and the inventory is starting to stabilize, allowing more opportunities for buyers and sellers. Many property listings attract interest quickly, indicating a healthy market activity.
Home Value Estimator For Powells Point, NC
There are currently 388 real estate properties
in Powells Point, NC,
with a median automated valuation model (AVM) price
of $333,063.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Powells Point, NC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Powells Point, NC,
is $374,954.00, with the most expensive house
in Powells Point, NC, topping out
at $1,565,535.00 and the cheapest home
in Powells Point, NC,
clocking in at $34,246.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Powells Point, NC!
Rent Prices
In Powells Point, NC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Powells Point, NC, is on
a rollercoaster ride. The
average rent price in Powells Point, NC,
is $1,384.00. Indeed, when looking to rent in
Powells Point, NC, you can expect to pay as little
as $770.00 or as much
as $3,290.00,
with the average rent median estimated to
be $1,310.00. The good news is that finding
an affordable and desirable property to rent in Powells Point, NC
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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