Lake Norman Real Estate
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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 August 2015 Calendar is Here!

Lake Norman Sunset August Calendar 2015

 I never tire of seeing gorgeous Lake Norman’s sunsets as each one is special in their own way.  And, every photograph of a Lake Norman sunset captures a glorious moment in time to share with others.  Such is the case with this month’s desktop calendar!   Continue reading 

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Lake Norman Sunset August Calendar 2015

Download this month’s Lake Norman calendar here

I never tire of seeing gorgeous Lake Norman’s sunsets as each one is special in their own way.  And, every photograph of a Lake Norman sunset captures a glorious moment in time to share with others.  Such is the case with this month’s desktop calendar!

This stunning photo was taken by renowned artist Cotton Ketchie, owner of Mooresville’s Landmark Gallerieswho spends much of his time driving all over North Carolina and even summer trips around the country, taking stunning photos. And, of course, he also takes some amazing photos of Lake Norman as well. If you haven’t visited his store on Main Street in Historic Downtown Mooresville you should put it on your list for 2014! He has myriad beautiful photographs like this one for sale as well as his wonderful watercolors and even North Carolina pottery. Continue reading

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Lake Norman Real Estate’s August 2015 Calendar is Here!

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How do Lake Norman home buyers learn how long a property has been on the market?

Lake Norman real estate icons

Our real estate industry loves using acronyms and lingo as if our clients completely understand us.  One area which is particularly confusing is the number of days a property has been on the market. For decades MLS’s only provided one number for us and that was the “days on market” or DOM as we call it. However, this number was recalculated every time a listing was taken off the market so the real “life of a listing” could be monkeyed with by the listing agents. In order to combat this problem and provide a true representation as to how long a property has been for sale, our Carolina Multiple Listing Services (Charlotte Regional REALTOR Association) now uses three different terms related to the time a property has been in the MLS : Days on Market, Cumulative Days on Market and List to Close.

Here is the definition of each of these terms: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s July 2015 Hot Sheet is Here!

Lake Norman real estate Hot Sheet report

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.

July is always an interesting month for our Lake Norman real estate market.  Since 2005 only 3 July home sales totals exceeded June’s and it looks like we will also experience a modest slowdown this month after a truly record breaking June closed sales of 191!  The strongest July closed sales prior to this year were in the past two years at 150 and 151. As of today we have 95 closed sales so I think we will definitely exceed prior Julys’. As you can see below, we had the highest 2-week hot sheet closed sales totals since January but are just slightly below last July’s. We currently have 286 single family homes under contract (sellers have accepted an offer but the sale is not complete) in all of Lake Norman compared to last month’s 325 and last July’s 290. While we have slowed I think we are still on pace with our strong 2014 late summer and fall sales.  What is equally important is our low number of active listings.  Let’s take a closer look: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 2nd Quarter 2015 Home Sales by Price-Range: A Must Have 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 2nd Quarter 2015 Home Sales By Price Range

Lake Norman market report by price range

*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.  

How to read this report: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s June 2015 Market Report; Record Breaking Sales!

Despite being up against a huge June 2014, we not only beat that number by 4% but we logged in the highest number of single family sales in one given month in Lake Norman since May 2006 and the 6th highest monthly sales in the past ten years! The momentum since January continues for our Lake Norman real estate market and our new “under contract” numbers indicate that we should have another good showing for the next several months at least. Our year-to-date 2015 closed single family home sales are 15.9% higher than 2014’s.  Lake Norman’s housing market got crazy busy (my technical term for it) right after the holidays and unlike previous years has been consistently strong every month so far in 2015. Plus, our new contracts indicate that this trend will continue for at least another month or two. Let’s take a closer look:

Lake Norman Real Estate's June 2015 Market Report Chart

* All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you: Continue reading

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lake norman real estate, The Real Estate Process, Home Buying and Selling Tips

What Lake Norman Buyers & Sellers Should Know About Mineral, Oil & Gas Rights

North Carolina's new Mineral Rights Disclosure image

 

Effective January 1st of this year, The State of North Carolina added a new disclosure form that must be signed by both parties of a residential property transaction as part of the initial purchase contract. The State of North Carolina Mineral and Oil and Gas Rights Mandatory Disclosure Statement   requires all sellers of  new or existing homes in North Carolina to disclose whether the mineral, oil and gas rights for the property are owned by someone other than the seller.

“The purpose of this new law is to protect the buyer. Property owners sometimes lease or sell the subsurface mineral rights on their property to a third party or company. This means that if sellers have “severed” their mineral rights, the third party or company could potentially have the perpetual right to drill, mine, explore and remove any of the subsurface mineral resources on or from the property. These mineral or materials could be extracted directly from the surface of the property or from a nearby location – even if the property is sold to a new owner.”

Okay, so why here and why now?  Continue reading

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