In the February 28, 1983 issue of the Ocracoke Island News Candy Gaskill wrote an article titled "Real Estate Prices Rise Over the Years."
Candy pointed out that "real estate prices have skyrocketed over the last ten years." In 1983 land prices ranged from $10,000 to $25,000 for a 75' X 100' lot. At that time there were only two professional real estate brokers on the island, George Wilkes and Travis Campbell. According to Candy, "houses on the island don't come up for sale very often, even though there may be one or two every few years." She put real estate prices in perspective when she wrote that "several decades ago, a 50' X 100' lot and house cost as little as $500."
Today, houses and lots do come up for sale more frequently, but prices have declined from a few years ago when the housing market was experiencing a boom.
I recently did a quick Internet search for real estate on Ocracoke and discovered that empty lots are listed from $68,000 (no water meter available; well & septic not installed) to $350,000 (canal front).
This month's Ocracoke Newsletter is a reproduction of a 1960s booklet titled The Great Ocracoke Cat Hunt. You can read it here: http://www.villagecraftsmen.com/news092115.htm.