Lake Norman Real Estate
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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 2014 Hot Sheet

Lake Norman real estate Hot Sheet report

Our Lake Norman housing market is now entering our typical seasonal slowdown after a very respectable spring and early summer. So far this August Lake Norman home sales are equal to  last month’s but our most recent numbers indicate our fall slowdown has begun.  Continue reading…

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s August 2014 Hot Sheet

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.

Our Lake Norman housing market is now entering our typical seasonal slowdown after a very respectable spring and early summer. So far this August Lake Norman home sales are equal to  last month’s but our most recent numbers indicate our fall slowdown has begun.  We currently have 247 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 290.

Lake Norman Real Estate’s Two-Week Hot Sheet

8/21/2014

Lake Norman real estate hot sheet sales analysis

* 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. (August 7th – 21st). As always, I have included the past 6 months so that you can put these numbers in perspective. 

I created this additional chart comparing just the August Lake Norman Hot Sheets for the past 5 years to help put our August 2014 home sales numbers in perspective with past Augusts’ not just the past 6 months. Continue reading

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Lake Norman waterfront homes

What do Lake Norman’s Waterfront Home Sales in 2014 tell us?

Lake Norman waterfront home on large cove

 

So far, 2014  has been an odd year for our Lake Norman waterfront home sales.  There have been no obvious trends or “hot” price ranges or locations.  Overall waterfront home sales have represented only 29% of all Lake Norman home sales year-to-date.

Now that distressed homes  (foreclosures and short sales) are, for all intents and purposes, gone and prices are on the rise, waterfront buyers this year seem to be taking longer to buy and seem to have higher expectations and are willing to hold out for their perfect home.  There is also a good segment of waterfront buyers who are focused more than ever on tear-downs or lots.  If you drive around the Brawley School Road peninsula in Mooresville you will see an impressive number of new construction homes on the water.  There are 3 waterfront homes alone being built on my tiny street!

Yet despite the seemingly slower sales of existing waterfront homes 2014 has actually been a strong year so far if you compare our waterfront homes’ average sales price and sales price per square foot:

 Lake Norman Waterfront Homes Sales

Lake Norman Waterfront Real Estate Sales in 2014

*All date is compiled using the Charlotte Multiple Listing Service

As you can see, our average sales price and price per square foot bottomed out in 2011 and have been on the rise ever since.   So, what about the future?

Because there is a finite supply of shoreline there is also a finite number of  Lake Norman’s waterfront homes and lots. Until the recession hit Lake Norman waterfront home prices were appreciating at a much faster pace than off-water homes.  (And, they dropped at a much larger percentage).   I believe that this finite supply and consistent demand will continue to drive Lake Norman’s waterfront prices up in the years to come.  Lake Norman home buyers who are looking at long-term appreciation and can afford a waterfront home should seriously consider waterfront over off water.  The most important considerations as always are location, quality of the water and shoreline and the topography of the lot.

Seriously,  how would you like see this every evening?

Lake Norman waterfront home's view at sunset

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Relocating? Life in Lake Norman

Relocating to Lake Norman? Look no further than this Lake Norman Real Estate Blog!

Gorgeous Lake Norman cove view from waterfront home

 

Back in May of 2007 I launched this Lake Norman Real Estate Blog in hopes of providing meaningful information to Lake Norman home buyers and sellers. But, I was and still am particularly passionate about helping those relocating to Lake Norman just as my family did in 2005.  In the past 7 years I have met and sold homes to buyers from as far away as Russia, Australia and England who contacted me after reading my blog; some times for years!  How cool is that?

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s July 2014 Home Sales Analysis

Lake Norman’s real estate market remains robust after a lethargic winter and early spring. Following exceptionally strong closed home sales in June, we slowed a bit in July but are managing to keep up with 2013′s record breaking numbers.

Let’s take a look at the July 2014 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area real estate market:

Lake Norman real estate sales analysis for July 2014

* All data is from the Charlotte Regional Multiple Listing Service. **Please note that the MLS started using an entirely new program in March which did away with Area 13 so my numbers may vary slightly from the past but I have made it as close as possible.

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s July 2014 Hot Sheet Home Sales are HOT!

Logo for Lake Norman Real Estate's monthly home sales hot sheet

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.

Our Lake Norman housing market is now smack dab in the middle of it’s traditionally strongest selling season of the year. The past three months we have seen a dramatic uptick in activity but by this time last year we were already experiencing a slowdown.  So far this July, Lake Norman home sales are even higher than last month! We currently have 290 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 262.

Lake Norman Real Estate’s Two-Week Hot Sheet

7/21/2014

Lake Norman Real Estate Home Sales July 2014

* 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. (Julu 7th – 21st). As always, I have included the past 5 months so that you can put these numbers in perspective. 

*Please note that the Charlotte Multiple Listing Service switched to an entirely new program at the same time ELIMINATING the areas so I no longer have the ability to search by “Area 13 which was Lake Norman. While I have done my best to replicate this search using their map program, the numbers will be off slightly and for the Hot Sheet I am not able to get Back on Market or Price Change numbers. My apologies!!!! I will keep working to see if I can get them.

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