Lake Norman Real Estate
lake norman real estate

This is Lake Norman

Everything you need to know about beautiful Lake Norman, NC including waterfront properties, relocation resources, local news, photos and my latest blog post…

Lake Norman Real Estate’s February 2016 Calendar is Here!

Lake Norman in the snow

 Download this month’s Lake Norman calendar here

Yes, we do have snow here!  I actually took this photograph last year but our recent snow looked just about the same.  One of the top reasons that my relocating buyers give for wanting to live in the Lake Norman area is our 4 mild seasons and most of the time that is very accurate.  It just happens that once every winter recently we have had one “real” snow where is sticks and schools are closed.  We do own a snow shovel but this is our 11th winter here and we didn’t get it until last year!    Continue reading 

Recent Posts

learn about Lake Norman, NC

lake norman real estate tools

Diane Aurit, social media

Diane Aurit on Google+     Diane Aurit on Twitter     Diane Aurit on Facebook     Diane Aurit on Pinterest     Diane Aurit on YouTube

Standard

Lake Norman in the snow

Download this month’s Lake Norman calendar here

Yes, we do have snow here!  I actually took this photograph last year but our recent snow looked just about the same.  One of the top reasons that my relocating buyers give for wanting to live in the Lake Norman area is our 4 mild seasons and most of the time that is very accurate.  It just happens that once every winter recently we have had one “real” snow where is sticks and schools are closed.  We do own a snow shovel but this is our 11th winter here and we didn’t get it until last year! Continue reading

Lake Norman photos

Lake Norman Real Estate’s February 2016 Calendar is Here!

Image
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s January 2016 Hot Sheet: Good News!

Lake Norman Hot Sheet Home Sales

Want the very latest insight into our Lake Norman real estate market? So do I which is why, every month, I do a snapshot analysis of the middle two weeks of the month to get a sense of where we are at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.

So here we are starting a new year and and its as if someone just flipped a switch. We are only 21 days into 2016 and there is already concrete evidence that the Lake Norman real estate market is heating up quickly after a relatively soft 4th quarter. This is why I love these middle-of-the-month hot sheet reports, because they provide a great indication of where our market is trending, putting today’s hot sheet numbers in perspective not just with the past 6 months but all Januarys’ back to 2009.

Lake Norman Real Estate’s January 2016 Two-Week Hot Sheet

Lake Norman Hot Sheet home sales January 2016

* The above chart is a summary of today’s “Hot Sheet” from the Charlotte Multiple Listing Service for single family homes in all of Lake Norman. These numbers represent a real time snapshot of the past two week’s activity. (January 7th – 21st). As always, I have included the past 6 months so that you can put these numbers in perspective. Below is the January chart using my data since 2009.

Continue reading

Standard
lake norman real estate, Lake Norman Real Estate Market Reports

Lake Norman’s 4th Quarter Market Report by Price Range: Great Tool for Buyers and Sellers!

If you are a home buyer or seller in the Lake Norman area it really only matters what is happening in YOUR price-range. Yes, it is important to know about the global economy, the national economy and the Charlotte area economy and real estate market but real estate is hyper-local so it is most meaningful to learn about the Lake Norman real estate market and within that, your specific niche. For instance, if you are looking to buy or sell in the $400,000 price range, you are going to have an entirely different experience than someone in the $500,000’s. This is the reason why I create a price-range analysis every quarter for my readers:

Lake Norman’s 4th Quarter 2015 Home Sales By Price Range

Lake Norman Home Sales by Price Range 4th Quarter 2015

*Compiled from the Carolina Multiple Listing Service’s data, this chart enables you to focus on your specific price range(s) rather than use the broad-brush approach thus allowing you to size up your competition and better position yourself.  Please note that these numbers are actually from the 15th of October to to the 15th of January so they will differ slightly from my monthly market reports. 

How to read this report:

Continue reading

Standard
Lake Norman Real Estate Market Reports

How Does Lake Norman’s 2015 Housing Market Compare to 2014 and Our Peak 2006?

I wish I had a nickle for every time someone asks me about the Lake Norman real estate market today and how prices compare to our peak in 2006! The only way to truly answer these questions is to compare an entire year of sales.  This helps us to eliminate those pesky monthly ups and downs that can be impacted by one or two luxury home sales.

First, let’s look at how our 2015 real estate market of single family homes compared to last year:

2015 Versus 2014

Average

Lake Norman Real Estate's 2015 Year End Market Report

This chart compares the average of the 1594 homes sold in 2015 to the average of the 1484 sold in 2014.  As you can see, our volume of sales increased by 7% but our average sales price dropped by 3%.  The good news is that it took on average 9% fewer days for a Lake Norman home to sell this year versus last year.  A few more fun numbers: The average price per square foot in 2015 was $150.07 compared to 2014’s $149.32.  So, did our home values increase this year? Yes, by .5%.  And, in 2014 the average sales price to listing price was 96% and in 2015 is rose 1% to 97%. While subtle, these numbers indicate that homes are selling faster, for slightly more money and 1% closer to the listing price than in 2014. Continue reading

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s December 2015 Market Report

Our Lake Norman home sales in December, while 6% below last year’s, were actually the highest monthly sales of our fourth quarter 2015 and the second best December since 2006. After an impressive first 9 months in 2015, our last three months just couldn’t match 2014’s exceptionally strong fourth quarter.  That said, given that our inventory of active listings is still insanely low (9% below last year’s), it is actually impressive that we logged as many sales as we did.  And, for the year, our 2015 closed single family home sales ended up 7.3% higher than 2014’s!  After 9 straight months of  beating the 2014 sales, October broke our winning streak but not enough to take away our annual sales increase.  Let’s take a closer look:

Lake Norman Real Estate's Market Report December 2015

* All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you:

Continue reading

Standard