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1 Sailfish Drive, Manteo, NC 27954

Office: (252) 473-6800

Firm License #: C20146

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Meet our Agents

Where Your Outer Banks Adventure Begins




What areas in the Outer Banks do you cover?

We specialize in properties located in Manteo, Corolla, Kitty Hawk, Nags Head, and surrounding areas.

How do I search for available properties?

You can use our advanced search feature on the homepage to filter properties based on type, price range, and other criteria to find the perfect match for your needs.

Can I schedule a property viewing?

Absolutely! Contact one of our expert agents, and they’ll be happy to arrange a viewing for you.

How do I list my property with Pirates Cove Sales?

Get in touch with us through our contact form or call our office. One of our agents will guide you through the listing process.

What makes Pirates Cove Sales different from other real estate agencies?

Our deep local knowledge, combined with our commitment to providing personalized service, sets us apart. We prioritize our clients’ needs and ensure a seamless property buying or selling experience.

Do you offer properties for rent or just for sale?

Our primary focus is on property sales, but we can connect you with our partner agencies for rental inquiries.

How do I get in touch with an agent?

Visit our ‘Meet our Agents’ section to view profiles and contact details of all our agents. You can reach out directly to any agent of your choice.

Are there any hidden fees when buying a property?

We maintain transparency in all our dealings. Any fees or charges will be discussed upfront during the property buying process.

Can you assist with property financing?

While we don’t offer financing directly, we can recommend trusted local financial institutions and mortgage brokers to assist you.

How often are property listings updated?

Our listings are updated regularly to ensure you have access to the latest properties available in the Outer Banks.


Elevate Your Living Experience in the Outer Banks

Real Estate Trends in Corolla, NC – 2024

Discover Corolla's Real Estate Trends

Corolla, NC Real Estate Insights 2024

Explore the dynamic changes in Corolla’s real estate market, from pricing trends to buyer behaviors, and uncover the opportunities in this coastal paradise.

A Coastal Gem

Overview of Corolla, NC

Corolla, NC, nestled at the northern end of the Outer Banks, is renowned for its pristine beaches, wild horses, and luxurious homes. This picturesque town has become a sought-after destination for both vacationers and full-time residents. Over the past year, the Corolla real estate market has experienced significant shifts, mirroring broader national and local trends. This section delves into the current real estate landscape in Corolla, examining prices, market conditions, and demographic changes.

As of May 2024, the median list price in Corolla stands at $1,100,000, marking a 21.2% decrease from the previous year. Despite this decline, the market remains robust, with a median list price per square foot of $385 and a median sold price of $860,000. The gap between list and sold prices indicates a competitive market where buyers can find attractive deals. Corolla is currently a buyer’s market, characterized by more inventory than demand, giving buyers greater negotiating power. Homes typically stay on the market for an average of 60 days, slightly longer than last year, reflecting a more deliberate decision-making process among buyers.

Market Statistics

Key Metrics of Corolla’s Real Estate Market

Median List Price

Median List Price per Sqft

Median Sold Price

Average Days on Market

Understanding Corolla's Buyer’s Market

Current Market Dynamics

Corolla, NC has transitioned into a buyer’s market, characterized by a higher inventory of homes than the current demand. This shift means that buyers have more negotiating power and can take their time to find the perfect property. The average home in Corolla stays on the market for about 60 days, slightly longer than last year, indicating that buyers are being more selective and deliberate in their purchasing decisions.

The median list price in Corolla has seen a significant decrease of 21.2% over the past year, now standing at $1,100,000. This adjustment reflects a broader trend of sellers aligning their expectations with market realities. Despite the price drop, the market remains competitive, with a median list price per square foot of $385 and a median sold price of $860,000. The sale-to-list price ratio of 97.26% suggests that while buyers have some room to negotiate, homes are still selling close to their listed prices, benefiting both buyers and sellers.

Migration and Relocation Trends

Driving Forces Behind Corolla's Real Estate Market

The real estate market in Corolla is significantly influenced by migration and relocation patterns. Many buyers are moving from urban areas and other coastal regions, seeking the tranquil lifestyle and natural beauty that Corolla offers. Major cities like Washington, DC, Richmond, VA, and New York, NY are key sources of inbound migration, with buyers looking for second homes, investment properties, or retirement destinations. This influx of new residents continues to drive the competitive market, even as prices adjust.

Conversely, some current homeowners are choosing to relocate to other coastal areas with a lower cost of living. Popular outbound migration destinations include Jacksonville, FL, Orlando, FL, and Myrtle Beach, SC. These areas offer similar coastal lifestyles but at a more affordable price point, making them attractive options for those looking to relocate. Despite this outbound migration, Corolla’s appeal remains strong, thanks to its upscale amenities, community-oriented lifestyle, and the unique charm of its natural environment.

Schools and Community Amenities

Family-Friendly Living in Corolla

Corolla, NC is an excellent place for families, offering a range of quality schools and community amenities. The town is served by several well-regarded public schools, including Corolla Elementary School, which boasts an 8/10 rating for grades K-5, and Kitty Hawk Elementary School, rated 6/10 for grades K-5. Currituck County Middle School serves students in grades 6-8 and is part of the supportive educational environment that makes Corolla a great place to raise children.

In addition to its educational facilities, Corolla offers a variety of grocery stores such as Knotts Island Market, Dollar General, and Tommy’s Natural Foods Market and Wine Shop. Dining options range from casual eateries to fine dining establishments, catering to all tastes and preferences. The town also features numerous recreational facilities, including parks, gyms, and outdoor areas that provide opportunities for a wide range of activities. These amenities contribute to Corolla’s family-friendly atmosphere, making it an attractive destination for families seeking a balanced and fulfilling lifestyle.

Environmental Considerations

Understanding Environmental Risks in Corolla, NC

When considering a property in Corolla, NC, it’s essential to be aware of the environmental factors that could impact your investment. The coastal location of Corolla makes it susceptible to several natural risks, including flood risk, wind damage, and wildfire risk. Flooding can occur during storm surges and heavy rainfall, posing a significant threat to coastal properties. High winds from hurricanes and tropical storms can cause extensive damage, while wildfires, although rare, can still pose a risk in areas with dense vegetation. Prospective buyers should conduct thorough due diligence, including reviewing property-specific risk assessments and exploring comprehensive insurance options to mitigate these risks effectively.

Market Overview

Current Real Estate Trends in Corolla, NC

The real estate market in Corolla, NC, is experiencing notable shifts, presenting unique opportunities for both buyers and sellers. As of May 2024, the median list price has decreased by 21.2% from the previous year, now standing at $1,100,000. This adjustment indicates a more balanced market, with buyers having increased negotiating power. The median sold price is $860,000, and homes are typically on the market for around 60 days. This buyer’s market scenario means there are deals to be had for savvy buyers, while sellers still benefit from a competitive environment. Staying informed about market conditions and environmental risks is crucial for making well-informed decisions in this dynamic market.

Migration patterns continue to influence the Corolla real estate market, with many buyers relocating from urban areas seeking a quieter, coastal lifestyle. Despite the price adjustments, Corolla remains a desirable location due to its natural beauty, upscale amenities, and community-oriented lifestyle. Whether you’re looking for a primary residence, a second home, or an investment property, Corolla offers a range of options in a picturesque coastal setting. Keep an eye on market trends and environmental factors to maximize your investment potential in this evolving market.

Stay Informed and Explore Corolla Real Estate

Real Estate Trends in Manteo, NC – 2024

Manteo, NC Real Estate Trends 2024

Discover the Evolving Market Dynamics

Explore the latest shifts in Manteo’s real estate market, from rising home prices to changing buyer demographics.

Market Overview

Current Real Estate Trends in Manteo, NC

Manteo, NC, located on Roanoke Island, has experienced significant changes in its real estate market over the past year. The town, known for its scenic beauty and historic charm, is attracting more homebuyers seeking coastal living. This overview delves into the latest trends, including rising home prices, market competition, and migration patterns.

As of May 2024, the median sales price of homes in Manteo has surged to $511,000, marking a 19.1% increase from the previous year. The median price per square foot has also seen a dramatic rise, up 37.3% to $418. This trend indicates a strong demand coupled with a limited supply of homes.

Key Market Statistics

Increase in Median Sales Price
  • Increase in Median Sales Price 19.1% 19.1%
  • Rise in Median Price per Square Foot 37.3% 37.3%
  • Average Days on Market 41% 41%

Rising Home Prices

Significant Increase in Manteo Home Prices

Manteo, NC has experienced a substantial rise in home prices over the past year. As of May 2024, the median sales price for homes in Manteo has reached $511,000, marking a 19.1% increase from the previous year. The median price per square foot has also seen a dramatic rise, up 37.3% to $418. This surge in prices is largely driven by a strong demand coupled with a limited supply of available homes.

Market Competitiveness

Manteo's Competitive Real Estate Market

The real estate market in Manteo is becoming increasingly competitive. Homes are now selling faster, with the average days on market dropping from 65 days last year to just 41 days. Additionally, 25% of homes are selling above their list price, a significant increase from the previous year. The average sale to list price ratio stands at an impressive 99.9%, indicating that buyers are frequently meeting or exceeding the asking prices set by sellers.

This heightened competition reflects the growing desirability of Manteo as a place to live, with many buyers eager to secure a home in this charming coastal town. The reduced time on market and higher sale prices are clear indicators of the strong demand and competitive nature of the current market.

Sales Volume Decline

Fewer Sales Despite Higher Prices

Despite the increase in home prices and faster sales, Manteo has seen a notable decline in the number of homes sold. In May 2024, only 4 homes were sold, compared to 10 homes in the same month last year, representing a 60% decrease in sales volume. This decline suggests a potential mismatch between the high demand and the limited supply of available homes.

The reduced sales volume, despite higher prices and quicker sales, indicates that there may not be enough homes to meet the demand from buyers. This situation underscores the need for more housing inventory to balance the market and accommodate the growing interest in Manteo’s real estate.

Migration Patterns

Relocation Trends in Manteo

Manteo, NC has been experiencing notable migration and relocation trends. Between March and May 2024, 27% of homebuyers in Manteo searched for homes outside the town, while a significant 73% focused their searches within the metro area. This indicates a strong local interest in Manteo’s real estate market. Additionally, a small but noteworthy percentage of buyers from major metropolitan areas such as Washington, DC, Richmond, VA, and Philadelphia, PA are considering Manteo for its unique coastal charm.

Environmental Considerations

Environmental Risks in Manteo

Buyers looking at Manteo, NC need to be aware of several environmental risks. The area is highly prone to flooding, with 99% of properties at risk over the next 30 years. Wildfires are also a significant concern, with 96% of properties at high risk. Additionally, all properties in Manteo are at extreme risk of severe wind events, and 76% of properties are at severe risk of heat over the next three decades. These factors are crucial for potential buyers, especially those new to coastal living, to consider when making their purchasing decisions.

Educational Resources

Manteo offers several public schools that are rated from average to good, providing essential educational resources for families. Manteo Elementary School, for instance, is rated 5/10 by GreatSchools and serves a large portion of the community’s younger students. This makes it a viable option for families considering a move to the area.

Local Amenities

In addition to its educational resources, Manteo boasts a variety of amenities that contribute to its livability. The town has grocery stores, coffee shops, restaurants, and pharmacies, ensuring that residents have access to essential services and conveniences. These amenities, combined with Manteo’s rich history and culture, make it an attractive place to live.

Community and Lifestyle

Manteo’s community and lifestyle are key factors that draw people to the area. The town’s small-town charm, coastal beauty, and historical significance create a unique living experience. Whether you’re looking for a quiet place to retire or a vibrant community to raise a family, Manteo offers a blend of both, making it a desirable location for many homebuyers.


Manteo, NC Real Estate Market Overview

The Manteo, NC real estate market in 2024 is a dynamic and evolving landscape. With a significant rise in home prices and a competitive market environment, buyers are finding themselves in a fast-paced and challenging market. The median sales price has surged, reflecting strong demand and limited supply, while homes are selling quicker and often above the asking price.

Migration trends indicate a growing interest from buyers in major metropolitan areas, attracted by Manteo’s unique coastal charm and small-town appeal. However, the market also faces a decline in sales volume, suggesting a potential imbalance between supply and demand.

While Manteo offers a desirable living environment with its rich history, cultural amenities, and scenic beauty, potential buyers must also weigh the environmental risks associated with coastal living. The high risk of flooding, wildfires, severe wind events, and heat over the next 30 years are critical considerations for anyone looking to invest in the area.

Overall, Manteo remains an attractive destination for homebuyers seeking a blend of coastal living and small-town charm. The market’s competitive nature and rising prices highlight its growing appeal, making it a market to watch closely in 2024. Buyers should approach with a balanced perspective, appreciating the town’s allure while being mindful of the environmental challenges.


Pirate’s Cove is a gated waterfront community located on the Outer Banks of North Carolina. Nestled between historic downtown Manteo and Nags Head, this 128 acre community is just minutes from many beautiful North Carolina beaches. Designed with single family homes, townhomes, and condominiums, this waterfront resort includes on-site amenities that include swimming pools, clubhouse, fitness center, tennis courts, playground, commons area and 4 miles of perimeter docking perfect for walking or fishing.

This community is also home of the Pirate’s Cove Marina which offers world-class fishing and hosts area tournaments. Many homeowners park their boats in our marinas or charter a party for a day of gulf-stream excitement. Book your charter or rent a boat slip at the Pirate’s Cove Marina