Corolla Light Market Report
Posted by Blue Horizon on Friday, May 29th, 2009 at 8:29am.Corolla Light, is one of the Outer Banks finest resort communities. Like much of the Outer Banks, many opportunities exist to buy a home in Corolla Light. Currently there are 39 residences being offered. The majority of these are single-family homes but there are a couple available condos and townhomes.
The 39 available properties range in price from $324,000 to $4,500,000. The average list price in Corolla Light is just over $892,000, thus making many homes in Corolla Light excellent opportunities for vacation home ownership. One home investors may want to consider is MLS #. It currently offers a capitalization rate over 8%. If 2009 is another strong year for tourism, this number could likely increase.
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