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 4th Quarter 2017 Home Sales by Price Range

Lake Norman home sales buy price 4th quarter 2017

 

If you are a home buyer or seller in the Lake Norman area it really only matters what is happening in YOUR price-range. This chart provides valuable insight into each price range including which are in a buyer’s market versus seller’s market and can be a great tool for you to use when developing your best strategy! Continue reading 

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 2017 4th Quarter Sales by Price Range

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 for you 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 $700,000 price range, you are going to have an entirely different experience than someone in the $800,000’s. This is the reason why I create a price-range analysis every quarter for my readers and clients:

Lake Norman’s 4th Quarter 2017 Home Sales By Price Range

Lake Norman home sales buy price 4th quarter 2017

*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.  

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Lake Norman Real Estate’s December 2017 Market Report

December numbers are out and with them we now have a complete picture of 2017! Below are what I feel to be the biggest takeaways from last month’s Lake Norman real estate sales data:

  • We had an extraordinary, record-breaking month compared to all prior years, logging in 165 closed sales of single family homes in December. (See green and yellow chart below).
  • At 2006 closed sales in 2017 we ended up 17.24% above 2016’s total sales and logged in the highest annual volume of home sales in Lake Norman’s history, even exceeding 2005’s previous record high by 7.6%.
  • The average home price in Lake Norman was. 1/2 of 1% higher than 2016 and the median price was up 1.2%.  These are extremely modest gains.
  • Our trade-up price ranges dropped again after a good month.  The only thing consistent about this niche is their constant roller coaster ride of ups and downs.
  • Waterfront homes slipped back into a buyer’s market after two pretty strong months over the summer. Waterfront home prices have NOT recovered completely from their pre-recession highs.

While there is no guarantee that our high sales numbers will continue long term, 2017 was a remarkable year for our Lake Norman real estate market. That said, our prices have not risen at the same rate as Charlotte’s and the US and we still need to see improved consistency in our waterfront, trade-up and luxury niches for us to completely regain our pre-recession levels.

Let’s take a closer look:

Lake Norman Home Sales Market Report Dec 2017

All data is from the Carolina Multiple Listing Service.

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Happy New Year from Lake Norman Real Estate

 

Download this month’s Lake Norman calendar here

I hope all of you have a wonderful 2018 full of love, friendship, joy, good health and happiness!  Let’s make it a great year!!!

To make your desktop calendar just click on the link above and then right click and select “set as background”.

I would love to use one of your favorite photos depicting life here in Lake Norman. (Optimum size is a landscape photo about 2MB or about 1600 x 1200 pixels). I will give a $25 Gas Card to anyone who provides a photo that I use as one of my monthly calendars. If you’d like to submit a photo or an idea for a future calendar, please send it to…diane@dianeaurit.com

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Lake Norman News, Events and Celebrations

Lake Norman area New Year’s Eve Celebrations 2017/2018

Happy New Year from Lake Norman Real Estate

Lake Norman and the greater Charlotte area don’t have just one major New Years’ celebration or event, instead we have myriad ways to celebrate on New Year’s Eve 2017 and New Year’s Day 2018. Our public celebrations are, for the most part, found at local restaurants and entertainment venues spread throughout Lake Norman and Charlotte. From cruises on our beautiful Lake Norman to elegant 5-course dinners to rockin’ oldies bands, there truly is something for everyone.

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s November 2017 Market Report

November numbers are out! Below are what I feel to be the biggest takeaways from last month’s Lake Norman real estate sales data:

  • We had another record-breaking month compared to prior years, logging in 140 closed sales of single family homes in November. (See green and yellow chart below).
  • Compared to our peak in June, there is no doubt that our overall Lake Norman housing market has experienced the typical seasonal slowdown since September.
  • At 1837 closed sales, our first 11 months of 2017 exceeded all previous years in Lake Norman’s history, even exceeding 2005’s previous record high by 6%.
  • Our trade-up price ranges from $600,000-$999,999 bounced back after an abysmal October but other price ranges dipped. So much for stability!
  • Waterfront homes remain on the cusp of a balanced/buyer’s market after two pretty strong months over the summer. Ups and downs and more ups and downs.

In a nutshell, these numbers mean that our overall strong sales in 2017 have been impressively consistent in beating prior year’s numbers month after month.  While there is no guarantee that this will continue long term, 2017 has really been a remarkable year for our Lake Norman real estate market which posted its single best year for home sales in Lake Norman’s history. That said, we still need to see consistent strength in our waterfront, trade-up and luxury niches for us to completely regain our prerecession levels.

Let’s take a closer look:

Lake Norman Real Estate Home Sales Report

All data is from the Carolina Multiple Listing Service.

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Holiday Greetings from Lake Norman Real Estate!

 

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Lake Norman Real Estate’s December 2017 Calendar

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