OBX Connection Home > OBX Connection Forum > Dare County may be returning to pre-covid numbers
Dare County may be returning to pre-covid numbers

Dare County may be returning to pre-covid numbers




Outer Banks Voice article - Info on how things "may" be returning to pre-covid on the banks -

Click to follow link...




OBX Connection Sponsored Links




RE: Dare County may be returning to pre-covid numbers




Not surprised but not concerned either.


RE: Dare County may be returning to pre-covid numbers




You had to figure that they would begin to go down eventually. The numbers couldn't continue to climb forever. I wonder if the ever increasing costs to rent are the issue, as they do make the area less competitive for people looking to travel.


RE: Dare County may be returning to pre-covid numbers




Current discounts seem to support the article.

www.twiddy.com/outer-bank...


RE: Dare County may be returning to pre-covid numbers




Current discounts seem to support the article.

xobx


I'm just glad to see the ridiculous rents starting to come back down. It was a nice high while it lasted for some of these property owners.


RE: Dare County may be returning to pre-covid numbers




Now to put the prices in line.




RE: Dare County may be returning to pre-covid numbers




Our last visit was 2019. Maybe next year? Delaware and Virginia have had better deals. Heck, even the Florida Keys was a better deal in 2022 with airfare and a car.


RE: Dare County may be returning to pre-covid numbers




Market dynamics. If you are an owner, lower your price if you still have to rent. If you are a vacationer, these discounts may sway you from going to Cape Cod, NJ, MD, or SC. Some rookie owners will soon understand they compete for middle class renters along with options from Mass to SC.


RE: Dare County may be returning to pre-covid numbers




We bought a small place in Duck in 2020. Another small place across the street from us is a VRBO rental. Nothing fancy but clean and close to the beach. It rented for $1800/ week in 2020 and it appeared to be rented most of the time. The price now is $4000.00/week and we haven’t seen a soul in there in months.


RE: Dare County may be returning to pre-covid numbers




The uncontrolled rise in rentals has to be of concern along with overdevelopment. It's sad day when you can "Pass the Grey Poupon" from Deck to Deck. As a local resident with a 50 year association with the Outer Banks I firmly believe the "Powers That Be" have definitely ruined the Outer Banks. The Development and Mindset to make the Outer Banks "Better" need to have a Check Up From The Neck Up! It has lost its original charm.


RE: Dare County may be returning to pre-covid numbers




The uncontrolled rise in rentals has to be of concern along with overdevelopment. It's sad day when you can "Pass the Grey Poupon" from Deck to Deck. As a local resident with a 50 year association with the Outer Banks I firmly believe the "Powers That Be" have definitely ruined the Outer Banks. The Development and Mindset to make the Outer Banks "Better" need to have a Check Up From The Neck Up! It has lost its original charm.

Pickle


You nailed it Pickle. It is still a great place, but in my opinion it's demise started a long time ago (and I'm not talking about as soon as the early 80's). Long gone are the days where we would walk across the flats of the Canadian Hole scooping up an apple basket full of blue crabs with not a single person in sight. Yep, original charm is lost!

But...we are still on Hatteras every chance we get. We had to adjust our routine to get away from the craziness as best as we can!


RE: Dare County may be returning to pre-covid numbers




Our last visit was 2019. Maybe next year? Delaware and Virginia have had better deals. Heck, even the Florida Keys was a better deal in 2022 with airfare and a car.

Greg MD


Delaware beaches are closed! Go to Virginia please.


RE: Dare County may be returning to pre-covid numbers




Don't worry, Bill. I stay south of IRI were the normal people are.


RE: Dare County may be returning to pre-covid numbers




Now to put the prices in line.

Bill

Bill we'll have to wait and see what "inline" translates in to. What we have here is only available in limited supply. A strip of sand with the ocean on one side and a sound on the other. I live in a waterfront community with it's manmade canals that probably can't be built ever again with all of the environmental regulations now in place. Supply and demand.

I'm commenting only on home ownership not the rental market,


RE: Dare County may be returning to pre-covid numbers




I'm already getting far more interest than last year. Probably because I'm only charging 200.00 a night....

In any case we are celebrating with some Beer and Cheese Soup beach style with baby clams!




RE: Dare County may be returning to pre-covid numbers




I like your style, BF
Even with things going crazy it’s good to find something to celebrate.


RE: Dare County may be returning to pre-covid numbers




Live your best life, BF. I hope Mustang Alley has a great year.


RE: Dare County may be returning to pre-covid numbers




Live your best life, BF. I hope Mustang Alley has a great year.

Greg MD



Thanks Greg...But it's the Mustang Galley. Beer It's not a brothel or a bowling joint...lol


RE: Dare County may be returning to pre-covid numbers




Live your best life, BF. I hope Mustang Alley has a great year.

Greg MD



Thanks Greg...But it's the Mustang Galley. Beer It's not a brothel or a bowling joint...lol

Beach Farmer


Hahaha!


RE: Dare County may be returning to pre-covid numbers




Hopefully, people aren't looking at the gross rev figures and interpreting it to mean that properties will convert to LTR (pandemic impact of non eviction for unpaid rent where most LTRs were rented below market already and in the context of no available rental relief programs like VA and other states had pretty much was the nail in the coffin on that one) or the thinking that rental rates will generally return to the firesale pricing of the early 2010s. The gross data could support that, but the details do not.

Progressively since 2016/2017ish homes have been kept for owners and family Oct to May in larger numbers. For most owners in rental programs, the reasoning they give is either they wanted the home for themselves, or the off season damage at the lower rental rates was just too much cost. I can't blame them. there was some pause and downtrend on that in pandemic years, simply because the number of homes with PMs reduced and the number self managed or co-hosted grew. That meant they could have rents that out;paced damage in the off season. It also meant that as inflation and economic fears had a chilling effect, most returned to their own use, increased rates and cut their nights rented by 50% or more, and or shifted to furnished MTR, which returns revenue almost the same after factoring in cleaning costs and eliminates occ tax while reducing restaurant spending.

Fascinatingly, one of the better things that came from the very public embarrassment of Dare County unlawfully locking people away from their homes was not just a galvanizing effect against that foolishness and the wasting of tax dollars, but the social connecting of property owners affected. Where there were once sharp divides between LTR landlords, second homes owners, PM managed properties, and self managed rentals and very little communication between those subsets, there grew a real community sharing knowledge and expertise.

Guest want to be able to vacation within their means. Owners want to not have their homes mistreated. These aren't inherently at odds, though it has often played out that way in the past.


RE: Dare County may be returning to pre-covid numbers




This might have the effect of turning those homes converted into vacation rentals back into long terms. VRBO itself has a much lower projected occupancy rate this year than in the past few. That could be a break for Dare, if so.

I'm always curious: where could you ever today have that experience of having the place all to yourself that isn't a protected park? I can't imagine any coastal area like that at all today where you could rent a house or a hotel room.


RE: Dare County may be returning to pre-covid numbers




This might have the effect of turning those homes converted into vacation rentals back into long terms. VRBO itself has a much lower projected occupancy rate this year than in the past few. That could be a break for Dare, if so.


No, it will typically mean they will transact once interest rates dip a bit and the offers increase in size and number because they're attracting more homeowners and second home owners.

It would have been easier to retain than to create rental housing, but voters have been uninterested.



RE: Dare County may be returning to pre-covid numbers




This might have the effect of turning those homes converted into vacation rentals back into long terms. VRBO itself has a much lower projected occupancy rate this year than in the past few. That could be a break for Dare, if so.

I'm always curious: where could you ever today have that experience of having the place all to yourself that isn't a protected park? I can't imagine any coastal area like that at all today where you could rent a house or a hotel room.

CoolBreezeKDH


You are correct. There's no "time machine" to take Hatteras Island or the northern beaches back to where it was once upon a time. For as often as I have been critical of the national park service, the sad reality is that if Cape Hatteras wasn't a national seashore there would be a Marriott and Hilton between the lighthouse and the point and a big water slide amusement park on the salt pond.


RE: Dare County may be returning to pre-covid numbers




Eh, neither Marriott nor Hilton would consider south of the Basnight. Marriott only opened a budget property after much cajoling. It has done okay.

What would have happened is what largely happened in Myrtle, and more recently, afflicted the Delaware beaches - condos for days.


OBX Connection Sponsored Links