Lake Norman photos

Lake Norman Real Estate’s January 2012 Wallpaper Calendar is Here!

 

My favorite time to visit the gorgeous beaches along the coast of North Carolina is actually anytime but summer!  As I was searching for a great photo of Lake Norman in the winter I kept thinking I don’t really want to look at a photo all month with bare trees or snow.  Don’t get me wrong, Lake Norman is wonderful at this time of year.  Our Carolina Blue Skies and sparkling water make for some great photos.  But, I kept coming back to the beach.  Perhaps it is due to my recent visit to Wilmington: Continue reading

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Lake Norman News, Events and Celebrations, Relocating? Life in Lake Norman

Lake Norman Real Estate’s Guide to New Year’s Celebrations 2012

 

2012

Unlike my home town of Pasadena CA with the annual Rose Parade/Rose Bowl, Lake Norman and the greater Charlotte area don’t have one major New Years’ celebration.  Our public celebrations are, for the most part, found at local restaurants and entertainment venues spread throughout Lake Norman and Charlotte.  From 5-course dinners to rockin’ oldies bands, there truly is something for everyone.

Probably the ultimate Lake Norman New Year’s Eve celebration is a cruise on our beautiful lake!  You have several options:

  • New Year’s Eve Cruise on Lake Norman on Yachta Yachta Yachta  launching from Peninsula Yacht Club.  Sailing time is 9:00pm – 1:00am and includes music, heavy hors d’heurves, party favors, a champagne toast at midnight.
  • The Queens Landing  New Year’s Eve Cruises offers truly elegant dining on the Lady of the Lake or a bit more casual on the Catawba Queen.

The best sources for lists of New Years Eve events in our Lake Norman area are LKNFun.com  (New Years Eve 2012) and 704 Events.com (New Years Eve 2012) which are websites devoted to entertainment and dining information in the greater Lake Norman area. Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s December 2011 Hot Sheet in Not So Hot!

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

After 5 relatively strong months over the summer and early fall, our Lake Norman housing market has experienced a slowdown since November, once again underscoring the erratic nature of today’s real estate market.  The most significant aspect of today’s Lake Norman numbers is the continued decline in the number of active listings for sale.  At only 837 homes for sale in all of area 13 (Lake Norman), the trend of double digit declines continues.  In December of 2008 we had 1400+ homes for sale in Lake Norman.

Continue reading

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The Real Estate Process, Home Buying and Selling Tips

Lake Norman Homeowners, Do you need a permit to replace your water heater?

 

As the new year approaches, Lake Norman homeowners  will most likely be creating lists of things to do in 2012 that will include repairs or upgrades of our homes and gardens.  Many times we don’t stop to consider if a permit is needed, especially for minor repairs.

So, if you live in the Lake Norman area, or the entire state of North Carolina, you might be interested to know that the North Carolina General Assembly passed house bill HP-1409  which exempts from building permitting the replacement of a water heater. Here are a few of the stipulations:

  • Electrical, Plumbing or Mechanical work must be performed by a person licensed under G.S 87-43 or G.S. 87-21
  • The replacement of a water heater is the same capacity, location and energy source

Continue reading

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Just the facts about Lake Norman

Lake Norman’s Water Levels are Back Up!

 

**For an update on Lake Norman’s drought 2015 go to: Caution: Lake Norman Water Levels Unusually Low Due to Drought

 

If you live on Lake Norman I don’t have to tell you that our lake levels have been uncharacteristically low since late summer; dropping down to 95.0′ on September 17th which is a full 3 feet lower than our  summer “target” levels of 98 feet.  And, you most probably have also noticed a sudden increase starting on November 16th bringing us up to our current level of 98.7 feet! 

I must admit I am baffled as to why Duke Energy, who manages our Lake Norman water levels, decided to drop them fairly suddenly during a time when our “target” levels were 98 feet and we were not in a drought.  One guess is that they were worried about the potential for Hurricane Irene’s high rain levels.  If any of you all know more, please leave a comment!

For those of you who are new to Lake Norman, the very best resource regarding Lake Norman water levels bar none is Duke Energy’s Check Lake Norman Water Levels website  which Duke Energy updates daily.  On this site you can get the actual lake levels of all 11 lakes that are part of the Catawba River System as well as the “target”” Lake Norman water level for that day, the minimum , maximum, range and any lake message updates.  They also provide a schedule of flow releases and other related data.

Lake Norman is a result of the damming of the Catawba River back in 1963 when the Cowans Ford Dam was completed.  It is part of Duke Energy’s power resources and provides electricity to the Piedmont Carolinas by using the McGuire Nuclear Station and the Cowans Ford Hydroelectric Station at the south end of the lake and the Marshall Steam Plant on the west side at Highway 150.  The water levels are controlled by Duke Energy and normally vary less than 5 feet.

The maximum level is called “full pond” which is 760 feet above sea level. Duke Energy considers full pond to be the “the point at which the water begins to spill over the flood gate spillway.” You will sometimes hear waterfront homeowners refer to the “760 line”.

On the Lake Norman Water Level charts, full pond is considered 100.0 feet.  Duke Energy purposely lowers water levels seasonally to anticipate rain or melting of the winter snows that feed the entire Catawba River system.

If you want to see today’s 13-Month Lake Level History chart for Lake Norman  on Duke Energy’s website you can see the daily water levels for the past year.

All I know is the lake looks awesome!

Related Articles

Lake Norman Real Estate: Lake Norman Flooding Unlikely 

Lake Norman, Our Inland Sea

Lake Norman Relocation Resources 

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Relocating? Life in Lake Norman

Red Line Commuter Rail from Charlotte to Mooresville; Good or Bad Idea?

 

 

For 15 years there has been a planning effort among state and local officials to create what is being called the Red Line project; a 25-mile commuter train that will run east of I-77  and link Charlotte to Harris, Eastfield, Hambright, Huntersville, Cornelius, Davidson and end at Mount Mourne in south Mooresville.

To me the benefits are obvious: cutting traffic on I-77 and helping commuters who work in Charlotte but wish to live in the Lake Norman area.  Opponents of the plan unfortunately include a large chunk of Iredell County elected Officials and several Cornelius town board members who balk at the taxes, proposed development along the line and feel it will benefit just a few. Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s November 2011 Sales Analysis

Unfortunately, my predictions last month regarding our November Lake Norman real estate market were accurate.  After relatively strong sales since June, our Lake Norman housing market did slow down in November.  Our sales were down 18% compared to last month’s 88 and 11% from last November’s 81.  However, while we didn’t match November 2010 numbers we did exceed all prior Novembers since the recession.

It is important to note that I am doing this analysis two days earlier than usual so expect an adjustment in our 72 sales in November upward by the end of the month since it takes some Realtors several weeks to actually input their sales into our MLS.  A great example of this is this past October.  When I did our chart on October 6th we had 81 sales. As of today we actually have 88 sales documented for October in our MLS.  I create these reports early in the month while the information is still very fresh so always pad the sales upward just a bit.

Here are the November numbers from our Charlotte Multiple Listing Service for our Lake Norman area real estate market:  Continue reading

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lake norman real estate, Lake Norman Real Estate Market Reports

Lake Norman’s Luxury Community “The Point”; Is it leading Lake Norman’s Real Estate Recovery?

 

The Point, with its 13 phases and about 900 home-sites is arguably the most well-known and popular luxury community on all of Lake Norman.  It has been fascinating to watch how the recession initially impacted its home sales and the progress it has made since then. In fact, the numbers today would indicate that The Point is actually leading the Lake Norman real estate market’s recovery. Continue reading

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Lake Norman News, Events and Celebrations, Relocating? Life in Lake Norman

Christmas in Davidson is this Weekend: December 1- 3, 2011

 

Christmas in Davidson , an annual tradition since 1988, is my absolute favorite holiday event in and around Lake Norman.  This amazing 3-night, small-town holiday festival can’t help but get you in the holiday spirit and remind you of the warmth and comfort in our communities.  From strolling along Main Street enjoying hot cider to taking a carriage ride or doing so serious gift shopping there truly is something for everyone and every age!

Here is a great summary from DavidsonNews.net (a GREAT resource for local news and events):

Continue reading

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Lake Norman photos

Lake Norman Real Estate’s December 2011 Wallpaper Calendar: Happy Holidays!

 

Wow, I can’t believe December is here!

In the Lake Norman area our gorgeous hardwood trees are now bare and most of our perennial flowers are going into hibernation for the winter.  But, our Fescue lawns are still bright green and pansies bring new color to entrances to subdivisions and shopping areas.

The good news is that because of the bare trees our views of the lake have never been better! During these next 4 months, homes with “seasonal views” will truly enjoy the best of Lake Norman. Continue reading

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Historic Downtown Mooresville, Relocating? Life in Lake Norman

Lake Norman’s “Shop Small” Saturday; Make it “Shop Local” too!

Tomorrow, Saturday, November 26, 2011 is the second annual “Shop Small“, a national effort to turn holiday shoppers’ focus on small businesses.  I say, let’s not only think small but also local!  What better way to support our Lake Norman communities than shopping at our many locally owned and operated business?

Need some inspiration?  Here are some ideas to help you get started: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s November 2011 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.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

The past five months our Lake Norman housing sales have been relatively strong with a particularly stellar August and October.  (Our October sales are now at 88 after 6 more were reported since my October sales analysis making it the best October by far since the recession hit and almost as high as our 2007 sales!)

Unfortunately, it looks like we will not sustain this trend through the final months of 2011.  Based upon our numbers so far in November I don’t think we will even match November 2010’s 81 sales:

Lake Norman Real Estate’s Two-Week Hot Sheet

11/21/2011

 

* 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 (area 13).  These numbers represent a real time snapshot of the past two week’s activity.  (November 7th – 21st).  As always, I have included the past 6 months so that you can put these numbers in perspective.

 

Highlights: Continue reading

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Lake Norman waterfront homes

Has the Lake Norman Waterfront Housing Market Turned a Corner?

Lake Norman's waterfront view

Imagine enjoying expansive views of Lake Norman like this one from your own home!  You can choose sunrise or sunset views, private coves or the main channel like the lot above.  This is why Lake Norman is still such a popular destination for folks from all over the country.  ( I have also represented buyers from Russia, England and Australia!).

Waterfront homes are a unique real estate niche in the Lake Norman area and really need to be separated from the rest of our housing market when determining the current sales trends, the direction of prices and predicting the short and long term future. Continue reading

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lake norman real estate

Putting the Lake Norman Real Estate Market in Perspective isn’t Easy!

I was recently reading a national real estate news article that explained that todays’ monthly mortgage payments are 40% cheaper than 2006.  This is a fascinating perspective of how to evaluate the true cost of a home today compared to our peak of 2006.

The article went on to say that “Although affordability has increased….housing demand remains depressed with existing home sales back to 1998 levels.”

Of course, I had to see if these is true of our Lake Norman real estate market and here is what I found:

Lake Norman Annual Sales Analysis by year

* Note that our 2011 numbers are through today and I expect them to equal 2010.

Insight Summary Continue reading

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Historic Downtown Mooresville, Lake Norman News, Events and Celebrations

Mooresville’s Christmas Parade 2011

Mooresville Lake Norman's Christmas parade float

 

Mooresville’s 67th Annual Christmas Parade is being held Tuesday, November 22nd (2011) on Main Street in Historic Downtown Mooresville kicking off at 3:30pm!

What, Mooresville’s Christmas Parade is before Thanksgiving?  It is a long story, but I guess each town around Lake Norman and Charlotte was designated a different week for their parades and Mooresville ended up with the Tuesday before Thanksgiving! Continue reading

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lake norman real estate, Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s October 2011 Sales Analysis: A GREAT month but….

Our Lake Norman real estate market has been on a positive roll since June culminating in a rather impressive October with 81 closed sales, a number that matches the best October in Lake Norman home sales since 2007!  (I have been expecting this to be the case for several months due to our high pending home sales numbers).

So, why I am not jumping up and down with enthusiasm?  Because I am more focused on our future numbers and our active price ranges.  As you will see below, our conditonal and pending home sales are lower than at the same time last year indicating a slow-down in November and even December sales.  And, a larger portion of our sales are at the bottom of our price ranges.

Here are  the October numbers from our Charlotte Multiple Listing Service for our Lake Norman area real estate market:

 

 

Some significant additional interesting statistics for you: Continue reading

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Lake Norman photos

Lake Norman Real Estate’s November 2011 Wallpaper Calendar

 

 

Fall has definitely arrived in Lake Norman.  The 520 miles of shoreline are lined with shades of green, yellow, organge and red as our gorgeous hardwood trees respond to the cooler weather and shorter days.  The Maples turned first this year so you will see firey brilliant reds and oranges framed by green Popular and Pine trees.

It’s time to plan Thanksgiving dinner! Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s October 2011 Hot Sheet

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

Just as I wrote last month, our Lake Norman real estate market continues to somewhat defy the volatile US and global economy.  After a relatively strong June, July, August, and September our housing numbers are continuing at about the same pace despite it all.  The report below would seem to be an indication that our October Lake Norman real estate sales will definitely exceed our October 2010 home sales.

Lake Norman Real Estate’s Two-Week Hot Sheet

10/21/2011

 

* 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 (area 13).  These numbers represent a real time snapshot of the past two week’s activity.  (October 7th – 21st).  As always, I have included the past 6 months so that you can put these numbers in perspective.

Continue reading

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lake norman real estate

Economic News Provides Insight into the Future of Lake Norman Real Estate

Lake Norman real estate's future

Looking at a variety of local and state economic and business news is an important component of gaining insight into the future direction of our Lake Norman real estate market.  I collect such data from various news sources for several months and then share them with you in one blog post with the goal of helping you get a better understanding of the bigger picture in our area’s economy.  This stack of data shows some glimmer of hope: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 3rd Quarter 2011 Home Sales Analysis

Every quarter I create a price range analysis for the Lake Norman real estate market in an effort to provide insight into our Lake Norman housing market by niche for both buyers and sellers:

 

*Compiled from the Charlotte Regional 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 News, Events and Celebrations, Relocating? Life in Lake Norman

Lake Norman Area Halloween Happenings 2011

My daughter and I had some fun with our pumpkins!

 

Lake Norman is a great place to celebrate Halloween.  From haunted houses to old-fashioned Main Street celebrations to costume parties and live entertainment at local night clubs there truly is something for everyone!

Every year at this time the Lake Norman area comes alive with pumpkin patches, Corn Mazes,  Halloween festivities for all ages and homes decorated to welcome all of our young trick -or -treaters.  Many of our subdivisions have their own neighborhood events but here are some more options:

If you are in search of a pumpkin patch:

  • Carrigan Farms: Hayrides to the pumpkin patch 9-4 Saturday and 12-4 Sundays through Halloween. Pick a pumpkin, visit the animals and have some fresh apple cider.
  • Patterson Farm: Pumpkin patch is open with tours through Nov. 6th and on weekends don’t miss Paw Paw Carl’s Playground where you can enjoy hayrides, a corn pit, Tomato Slingshot, Duck Races and more!  See their website link above for more details.

Or, just look to any of our many local produce stands like Josh’s Produce Market on Williamson Road in Mooresville who are brimming over with pumpkins and decorations for your Lake Norman home!

Of course, it would not be Halloween without some fun, and even spooky events for all ages and Lake Norman is full of options! Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s September 2011 Home Sales Analysis: Signs of Improvement Continue

August was indeed a stellar month for our Lake Norman housing market. (The second best month of closed home sales since August of 2007!)  While our number of closed sales were not quite as high in September, all of our numbers indicate strong closed sales this month (October). Our third quarter 2011 sales were 14% higher than 2010 after a drop in both first AND second quarters. Add to this trend our declining inventory and shrinking numbers of disressed properties and I believe we have some strong signs of recovery.  Of course, this can change but these are important indicators to watch!

Here are  the September numbers from our Charlotte Multiple Listing Service for our Lake Norman area real estate market:

Some significant additional interesting statistics for you:

  • Only 10% of our closed sales were “distressed sales” ( Foreclosures (REOS), defaults, Short Sales) compared to 16.8 last month,  18.5%  in July,  25% in June and 27% in May. Not only is this a record low since the market tumbled, but unless we experience a new wave of foreclosures which we certainly haven’t seen signs of yet, then I think we can safely say that our Lake Norman market is healing and the worst is behind us.
  • 38% of our closed sales were waterfront homes up from 21% last month.
  • 52% of our August sales were under $400,000 and 74% were under $600,000.
  • Today our active listings stand at 985, the lowest number since I started these reports in 2007

A closer look: Continue reading

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Lake Norman News, Events and Celebrations

Downtown Mooresville’s Weiner Race is this Saturday,October 8, 2011!

 

If you have never seen a “Wiener Race” then you are in for a whole lot of fun this Saturday!  First, just being there in the midst of so many adorable dachshunds is worth the visit.  But, watching the dogs racing (I use that term loosely!) and their owners at the finish line doing anything to get their dog to run to them is hilarious:

The annual Mooresville Wiener Race  is organized by the Mooresville Downtown Commission and volunteer Tom Kilroe.  The event’s mission is to raise money for two non-profit organizations; Friends of the Animals-Iredell County  and the Humane Society of Iredell County NC.  Races start at 11:00am but I highly recommend you get there early to get a good place along the race fence to see the dogs doing their best to figure out what they are supposed to be doing.  There are 4 categories:  Puppies, Juniors, Adults and Seniors.  You will see some actual racing in the Adult group! Continue reading

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Lake Norman photos

Lake Norman Real Estate’s October 2011 Wallpaper Calendar is Here!

Looking Glass Rock in the Blue Ridge Mountains

As beautiful as it is right here in Lake Norman in October, taking a trip up to the Blue Ridge Mountains to see the fall colors is a ritual for many folks who live anywhere near the Appalachian Mountains.

If you live in Lake Norman, the mountains are only an hour and a half away so you can easily make it a day trip if you are limited in time.  My favorite town is definitely Asheville which is not only at the Blue Ridge Parkway but where you can also enjoy a visit to The Biltmore or a stay at the beautiful Grove Park Inn. According to the Asheville Fall Color Forecast the trees are just starting to turn due to the later warm weather. Continue reading

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Relocating? Life in Lake Norman

Lake Norman Backyard Wildlife Fair is this Saturday!

Lake Norman Wildlife Garden

One of my favorite things about living in Lake Norman is the incredible variety and numbers of colorful birds, butterflies and furry critters.  Creating a “Certified Wildlife Habitat” garden is easy and very rewarding!  Every time I look out our windows I feel like I am in a Disney world alive with Golden Finches (above), Cardinals, Blue Birds, Hummingbirds, Chickadees…the list goes on and on.  Of course, we also attract deer, chipmunks, bunnies and squirrels with their own feeders although one day the squirrel above decided it would be fun to join the birds!

This Saturday, October 1st, you can learn all about how to qualify your own garden (it is SO easy), learn about Native Plants from local experts, learn how to attract wildlife and prepare your garden at the Wild Over Lake Norman! Backyard Wildlife Fair  which is being held from 11am-3pm at Duke Power’s Energy Explorium on Hwy 73 at the south end of Lake Norman.  (At the McGuire Nuclear Station).  There will be plenty of children’s activities plus exhibits on native plants, birds and butterflies.

I will be at the Wild Over Lake Norman! Certified Habitat Garden booth from 1pm-3pm so drop by and say hi!  Here is More:

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lake norman real estate, LKN Realty LLC

Lake Norman Real Estate Just Got Better!

 

My reason for creating this Lake Norman Real Estate blog from the its inception in May of 2007  was and still is all about providing you with as much information and data as possible to help you make an informed decision when buying or selling a home in Lake Norman.

While I don’t talk a lot about our Property Search feature, I chose the company providing this program because they are local, innovative and provide great customer service.

Two of my favorite features are the “Neighborhood Analyzer” and “Research” tools.  I have discussed the “Research” tool in previous articles but as a reminder, once you do a home search and have specific property results, click on any of the properties for the details page.  Once on the details page you will see the word “Research” in bold dark red  just to the right of the listing price. Up will pop three options: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s September 2011 Hot Sheet

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

As I wrote last month, while hard to explain, our Lake Norman real estate market seems to be oblivious to the crazy global economy and US downgrade.  After a relatively strong June, July and August, our housing numbers are continuing at about the same pace despite it all.  The report below would seem to be an indication that our September/October Lake Norman real estate sales may  exceed our September and October 2010 home sales.

Lake Norman Real Estate’s Two-Week Hot Sheet

9/21/2011

* 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 (area 13).  These numbers represent a real time snapshot of the past two week’s activity.  (September 7th – 21st).  As always, I have included the past 6 months so that you can put these numbers in perspective.

Highlights:

Continue reading

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Lake Norman News, Events and Celebrations, Relocating? Life in Lake Norman

Lake Norman Beer Festival is this Saturday, September 17th!

Lake Norman beer festival

 

If you love beer and music, this Saturday’s 2nd Annual Lake Norman Beer Festival  is the place to be!

Hosted by Galway Hooker in Cornelius from 12 noon to 10:00pm, not only will you be able to sample over 42 craft brewers, but you will also be entertained by a great lineup of bands featuring Simplified, Blue Monday and Gael Warning and can purchase food and fun merchandise.  And, a portion of the proceeds will benefit the USO. Continue reading

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lake norman real estate

Remodeling or Buying a Lake Norman Home? Granite is Great, But Think Energy Efficiency!

Lake Norman Green Homes

Like it or not, most homeowners and home buyers, whether in Lake Norman or elsewhere in the U.S. think of a house as an investment, not just a home.  In the short term, I counsel prospective sellers to make their properties move-in ready since most buyers these days are not willing to do much in the way of remodeling or even painting of their new home.

There is no doubt, however, that the future of housing construction, once it is back in full force, will focus on energy efficiency, sustainable resources and other “green” components of a home.  Other cities in the country, from Portland Oregon to Austin Texas to Asheville NC, are way ahead of Lake Norman in their focus and incorporation of energy efficiency and construction of “high performance” homes.  It only stands to reason that the Lake Norman real estate market and Lake Norman home builders will be greatly impacted in the future by these growing global housing trends.

So why not get yourself one step ahead of the game as we wait for the economy to improve?  Here are some great thoughts and statistics from a recent article on the Green Building Advisor website:

  • Investing in energy efficiency upgrades in your home should be included in your investment portfolio and future planning
  • The average annual increase in energy prices (of all kinds) has been 6.33%
  • The Consumer Price Index has only risen at an annual rate of 1.54% (Used to determine annual Social Security increases)
  • Energy prices increase faster than Social Security payouts
  • Drastically reducing energy demand can be an important hedge

Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman’s August 2011 Home Sales are Up; Defy National Trends

While I wrote last month that the Lake Norman real estate market was on a bit of a roll, this month I can now say that it is down right strong.  Not only did we exceed last month’s relatively strong numbers but our August 2011 Lake Norman home sales were the second highest month since our peak in 2007!

Based upon our relatively strong numbers of new contracts (Conditional, Active Due Diligence Pending sales) it looks as though this positive trend will continue into September and perhaps into fall.

Here are  the August numbers from our Charlotte Multiple Listing Service for our Lake Norman area real estate market:

Some additional interesting statistics for you:

  • Only 16.8% of our closed sales were “distressed sales” ( Foreclosures (REOS), defaults, Short Sales) compared to 18.5%  last month,  25% in June and 27% in May. This is extremely important because if we don’t have a new wave of foreclosures then our Lake Norman market truly is healing!
  • 21% of our closed sales were waterfront homes down from 33% last month.
  • 57% of our August sales were under $400,000.

A closer look:

Continue reading

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Lake Norman photos

Lake Norman Real Estate’s September 2011 Wallpaper Calendar is Here!

 

With the 38th Annual Carolina BalloonFest just around the corner,  I was thrilled to receive this stunning photo taken by one of our readers and a local Lake Norman resident, Terri Shoemaker.   She took this photo of a hot air balloon barely clearing the trees on our Lake Norman shoreline from a moving vehicle.  Wow! Thank you to Terri for allowing me to use this as our September calendar photo! Continue reading

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Relocating? Life in Lake Norman

Lake Norman’s Brawley School Road Has Gone From a Nightmare to a Dream!

 

 “Today (Thursday, August 25, 2011), I saw the world’s most beautiful DOT sign”.

I friend of mine (thanks Beth!) forwarded this photo and the caption to me last week.  It is hard to explain how much the quality of life has improved for all of us living down Brawley School Rd (in Lake Norman) since all lanes were opened just in time for the first day of school last Thursday!

It now takes me, on average, 4 minutes to get to the intersection for Brawley School Road and Williamson Road from Isle of Pines.  ( I used to allow 20-30 minutes for this trip depending on the time of day). I have yet to witness any bottleneck at this notorious intersection.  When making a left turn on Williamson Rd on to Brawley School Rd, simply chose one of the TWO left turn lanes and breeze through.

The funny thing is that now that traffic is zooming by (I think folks are so giddy they are exceeding the 45 mph speed limit) merging on to Brawley School from the Harris Teeter Parking lot or the BP Car Wash now requires waiting for a wide enough space to allow us to merge and get up to speed quickly!

As far as I am concerned the 3-year nightmare was more than worth it.  Living down Brawley School Road is now, in my opinion, one of the absolute best places to live in all of Lake Norman!

Lake Norman's Brawley School Road is Complete

Continue reading

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Lake Norman News, Events and Celebrations, Relocating? Life in Lake Norman

Lake Norman & Charlotte’s Southern Ideal Home Show is This Weekend: August 26-28, 2011!

Charlotte's Southern Ideal Home Show

“Celebrate Summer. Welcome Fall.”   is the theme of this year’s Southern Ideal Home Show which is being held from this Friday, August 26th – Sunday August 28th at The Park Expo and Convention Center in Charlotte.

Perfectly timed just as Lake Norman area schools are back in session and right before the busy fall season of home improvement, this will be a great source of inspiration and information for just about anything to do with your home or garden!

Areas of focus include:

  • Kitchen and Bath
  • Outdoor Kitchen
  • Cooking Stage
  • Building and Home Improvement
  • Outdoor Living
  • Tastes and Travel
  • IDEAL Shopping

Highlights include events on their three stages:  The Walker Woodworking Cooking Stage, BUILD IT Stage and PLANT IT Stage.  Carolina Home Improvement Pros (CHIPS) will be on hand “in full force, ready to answer your home improvement questions as well as hosting a wide array of educational presentations” including Intelligent Energy”.  Think green! Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s August 2011 Hot Sheet

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term future housing sales.

While hard to explain, our Lake Norman real estate market seems to be oblivious to the crazy global economy and US downgrade.  After a relatively strong June and July, our housing numbers are continuing at about the same pace despite it all.  The report below would seem to be an indication that our  August Lake Norman real estate sales may actually exceed our August  and even September 2010 sales.

Lake Norman Real Estate’s Two-Week Hot Sheet

8/20/2011

 

* 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 (area 13).  These numbers represent a real time snapshot of the past two week’s activity.  (August 6 – 20th).  As always, I have included the past 6 months so that you can put these numbers in perspective. Continue reading

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lake norman real estate

North Carolina’s Credit Rating is Still AAA

 

Our Lake Norman real estate market has one more  positive thing going for it in these turbulent times; our North Carolina credit ratings remain at AAA  with Standard and Poor’s as well as the two there ratings firms Moody’s and Fitch!

According to a recent article in The News Observer, staff writer David Ranii wrote that our state Treasurer, Janet Cowell, “is cautiously optimistic that is will remain that way…Cowel said in an interview Tuesday that her office has received no indication from any of the rating firms that they are contemplating a change in the state’s ratings.”

It went on to say that “several weeks ago Moody’s reviewed all of the states that it rates AAA but ending its scrutiny of North Carolina without making a change.” Continue reading

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lake norman real estate, LKN Realty LLC

Is Lake Norman Real Estate Ready for QR Codes?

Lake Norman QR code for waterfront home for saleChances are that if you are reading this you fall in to one of two camps:

There are those of you who look knowing at the symbol above, probably own a smart phone with an app to read QR Codes and wonder why I am bothering to write about them.

Then there are the majority of you who may never have heard the term QR Code but vaguely recognize this type of bar code and wonder what the heck it has to do with Lake Norman real estate!

According to Wikipedia: A QR code (abbreviated from Quick Response code) is a specific matrix barcode (or two-dimensional code) that is readable by dedicated QR readers, smartphones, and, to a less common extent, computers with webcams. The code consists of black modules arranged in a square pattern on a white background. The information encoded may be text, URL, or other data.

I (and some other Lake Norman area real estate agents as well as many throughout the US) have started using QR Codes on my listing flyers in front of the properties so that folks driving by can simply scan the QR Code like the one above, and almost instantly get to the website I created for that property with multiple photos and all of the data about the property that they could possibly want up front.  It is predicted that QR Codes will be used consistently in real estate once everyone catches on. Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s July 2011 Home Sales Improve over 2010

Dare I say that that the Lake Norman real estate market is on a bit of a roll AND overall prices may have bottomed out?  July was only the second month this year that our closed sales have exceeded those of last year and the second month in a row with some relatively strong numbers of new contracts (Conditional, Active Due Diligence Pending sales).  While we dropped from last month’s 100 closed sales by 17% it looks like we will have a decent summer season compared to a very weak start to 2011.

Here are July numbers from our Charlotte Multiple Listing Service for our Lake Norman area real estate market:

 Some interesting statistics for you:

  • Only 18.5% of our closed sales were either Foreclosures (REOS) or Short Sales compared to 25% last month and 27% in May.
  • 33% of our closed sales were waterfront homes.

A closer look: Continue reading

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Relocating? Life in Lake Norman

Lake Norman Real Estate’s August 2011 Wallpaper Calendar is Here!

 

Lake Norman real estate August 2011 Calendar

When I think of August, one of the first things that comes to mind is vineyards.  Every August from the year my first child was born we would visit my parents at their vineyard in Napa Valley CA.  The wine grapes were about a month away from picking (looking just like the photo above) and the views of the miles upon miles of lush green grape vines interrupted only by an occasional winery were simply stunning.

What I didn’t know until moving to Lake Norman was that North Carolina also has a thriving wine country located in three major viticultural areas: The Yadkin Valley, Swan Creek and Haw River Valley.  You can learn more at the Visit North Carolina Wine Country  website.  There is nothing more relaxing than a picnic in a serene vineyard on a warm August day so if you don’t feel like going out on Lake Norman, try a day in the wine country! Continue reading

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Relocating? Life in Lake Norman

Lake Norman and Charlotte Remain At the Top of The List of Places to Live

The Peninsula Yacht Club on Lake Norman

 

Sometimes when the news is full of negativity, it is nice to sit back and take a look at the big picture, especially if you are fortunate enough to live in the Lake Norman Charlotte area.  In the recent Kiplinger article which ranked Charlotte #2  in their Best Value Cities of 2011, there are many great reminders of why the future of our area is still so bright.

Some of their reasons for Charlotte’s desirability:

  • Banking/Financial center
  • Diversified Economy
  • Efforts by local governments to entice small and large businesses to the area
  • It is becoming an “energy hub” including Duke Energy, Siemens and Toshiba as well as more than 125 companies in green industries
  • Family-oriented, top-notch schools
  • Affordability including low taxes, utility rates and reasonable construction costs
  • Fun including “upscale restaurants and bars to funky neighborhood eateries”, the “cultural mile”, NBA and NFL stadiums, the arts and festivals
  • Greenspace in the form of parks, greenway trails, the US Whitewater Center, and, of course, Lake Norman
  • Location: Less than two hours to the Mountains and 3 hours to some of the best beaches on the East Coast

Continue reading

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Lake Norman News, Events and Celebrations

Lake Norman Real Estate: NC Sales Tax-Free Weekend is August 5-7, 2011

  North Carolina Sales Tax-Free Weekend!

 

Our annual sales tax holiday is almost here! Created in an effort to help families during the costly back-to-school shopping time, the “August Sales Tax Holiday provides an exemption for certain items of tangible personal property sold between 12.01 am on Friday, August 5, 2011 and 11:59 pm Sunday, August 7th” according to the North Carolina Department of Revenue website.

Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s July 2011 Hot Sheet

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term future housing sales.

After a rather dramatic decline in May, it looks like July will continue the relatively positive trend starting with our June sales.  The report below signs that our July and even August Lake Norman real estate sales may come close to meeting our 2010 sales.

Lake Norman Real Estate’s Two-Week Hot Sheet

7/21/2011

Continue reading

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Lake Norman waterfront homes

Lake Norman Waterfront Home Sales: Summer 2011 Update

Lake Norman waterfront homes in Denver

Owning a waterfront home on Lake Norman is certainly the goal of many of the people planning a move to the greater Lake Norman area. The sales prices of waterfront homes here have certainly been dramatically impacted by the national and regional housing market decline since 2007.  At our peak it was almost impossible to even find a decent waterfront lot on Lake Norman for under $500,000.  In the past 60 days, as you will see below, nearly half of our sales of single family waterfront homes were below $635,000:

* All data is from the Charlotte Multiple Listing Service

Above is a snapshot of waterfront home sales by price range for the past 60 days.  Here are some additional statistics about our current waterfront real estate market: Continue reading

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Lake Norman News, Events and Celebrations

Brawley School Road Widening: Lastest Update from NCDOT 7/15/11!

Lake Norman''s Brawley School Widening

Anyone who has been driving around Brawley School Rd. in the past week or so has most certainly noticed all of the paving that has been going on during the day resulting in even worse and excruciatingly frustrating traffic delays.  After sitting for almost an hour trying to get out the other day I once again leaned on my friend Mooresville Town Commissioner Miles Atkins for some help trying to figure out what in the heck is going on! Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 2nd Quarter 2011 Sales by Price Range

Every quarter I create a price range analysis for the Lake Norman real estate market in an effort to provide insight into our Lake Norman housing market by niche for both buyers and sellers: 

Compiled from the Charlotte Regional 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 2011 Sales Analysis: A Good Month!

This past month serves as yet another example of just how erratic our Lake Norman real estate market has been this year.  After an abysmal May, our June closed sales shot up exceeding even my own predictions based upon last month’s pending home sales!  Considering that last June was the end of the rebate program, this June was quite impressive; an improvement over 2008 and 2009 for only the second month this year (March).

Here are the June numbers from our Charlotte Multiple Listing Service for our Lake Norman area real estate market:

 

Some interesting statistics for you:

  • 24 of the 95 closed sales or 25% were either Foreclosures (REOS) or Short Sales compared to 27% last month.
  • The number of Short Sales was almost equal to Foreclosures which supports the national trend of lenders focusing on working with distressed sellers rather than going through the foreclosure process.

A closer look: Continue reading

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Relocating? Life in Lake Norman

Lake Norman Real Estate’s Business of the Week: Shred Wakening!

 

 Justin Boston Wake Boarding on Lake Norman

Justin Boston is passionate about water sports, being active and action sports of all kinds.  At just 21 years old, he is on a mission to share his passions by getting as many kids and adults outside, enjoying action sports of all kinds and the fellowship that goes along with them.

Last summer Justin ran a very successful wakeboarding school out of his waterfront home on Lake Norman. His vision brought him together with Matt Hemric and he has teamed up with Shred Wakening  a unique recreation company founded on their shared desire to help kids and adults to become “the healthiest and most vibrant” people they can be.   From wake boarding lessons and water sport camps to outdoor adventures like snowboarding, climbing, surfing, paddling and even camping there seems to be no limits to the possibilities they want to offer. Check out their just released video:

Jocassee Wake Trailer from Zach Burkhart on Vimeo.

Shred Wakening is an example of “out of the box” thinking by a handful of extraordinary young men who want to make a difference in their community. It is not just about teaching wakeboarding and other water sports, it is about touching the lives of as many kids and adults as possible, getting them ” off their couches” and outside experiencing adventures they may never have thought possible. 

Lake Norman wake boarder taking a lesson

They just finished filming the documentary above to inspire kids about how important it is for everyone to get outside and be active.  Last week Justin even went to Victory Junction Camp to help those special kids have a good time on the lake! Continue reading

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Lake Norman photos

Lake Norman Real Estate’s July 2011 Wallpaper Calendar is Here!

 Lake Norman real estate's July 2011 calendar

 It’s July in beautiful Lake Norman which is obviously a glorious month to enjoy boating and water sports.  But, hey, go fly a kite!  With the breezes on and around the lake, all you have to do is find a spot without trees (which may be a bit of a challenge given our abundance of gorgeous trees) and off they will go.  I haven’t tried to fly one off of our boat but since windsurfing and sailing are so successful I have to believe flying kites from a boat would be great fun too. Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s June 2011 Hot Sheet Market Update

If you are new to this blog, 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.  These Hot Sheet reports serve as pretty good predictors of our short-term future housing sales.

Last month the fact that our Hot Sheet included some pretty mediocre numbers was an indication that our closed sales in June and July were going to remain sluggish after a slight uptick in March and April and rather dramatic decline in May.  The report below substantiates that our Lake Norman real estate market seems to have stabilized a bit but at a rather sub-par level.

Lake Norman Real Estate’s Two-Week Hot Sheet

6/21/2011

* 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 (area 13).  These numbers represent a real time snapshot of the past two week’s activity.  (June 7 – 21st).  As always, I have included the past 6 months so that you can put these numbers in perspective.  Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 2011 YTD Crescent Communities Sales Analysis

Aerial Photo of Lake Norman from The Charlotte Observer

For those of you new to Lake Norman real estate, Crescent Communitiesrepresent some of the largest, most upscale planned communities on Lake Norman.  Originally the real estate arm of Duke Energy when Lake Norman was first created in the 1960’s, “Crescent Resources is (now) a real estate development and land management company”.  They still have active sales offices for The Point & The Farms.

On August 26th of last year in I wrote an article with an update about the financial health of Crescent Resources, LLC and a spread sheet real estate analysis of the most notable Crescent Communities on Lake Norman:  How are Lake Norman’s Crescent Communities Faring in 2010? I did the same real estate sales analysis today to provide you with some insight into our 2011 activity in these same Crescent Communities:

* As always these numbers are compiled from the Charlotte Regional Multiple Listing Services Continue reading

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