Lake Norman photos

Lake Norman Real Estate’s January 2014 Calendar is Here!

Lake Norman Real Estate's Calendar January 2014

Barn Quilt in the snow In North Carolina

What is wonderful about living on Lake Norman is not just what an amazing place it is but also how close Lake Norman is to so many other great places like Charleston SC (3.5 hour drive), Atlanta (5.5 hour drive), Washington DC (6 hour drive) and the gorgeous beaches along the coast of North Carolina which are only about 4.5 hours away. However, my favorite getaways are places like Asheville and the Blue Ridge Parkway which are only 90 miles are quick 1.5 hour drive on I-40.  It isn’t hard to find beautiful country scenes like the one above!

This gorgeous photo was taken by renowned artist Cotton Ketchie, owner of Mooresville’s Landmark Galleries, who 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 2013! Continue reading

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

Lake Norman New Year’s Celebrations 2014

 

Lake Norman New Year's Eve Celebrations

Happy New Year Lake Norman!

 

For Lake Norman New Year’s Celebrations 2015:  Lake Norman Area New Year’s Celebrations 2015: More and Better Than Ever!

 

 

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!

  • The Queens Landing New Year’s Eve Cruises offer 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 which has a long list of special events in the Lake Norman area restaurants and bars and, 704 Events.com which are websites devoted to entertainment and dining information in the greater Lake Norman area.

The best way to find out what is happening in Charlotte is to pick up a free copy of Creative Loafing. Here is a link to their New Year’s Eve events…it is very long and growing! They even do hourly updates on their Food and Drink section.

Here are few highlights to wet your appetite: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s December 2013 “Hot Sheet” is giving us mixed messages!

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.

Lake Norman’s 2013 real estate sales have been breaking records since January 1st.  After peaking in May, Lake Norman home sales have trended downward every month since landing with a thud in November. However, the numbers below actually indicate a significant uptick in closed Lake Norman home sales contracts in the past few weeks. The bad news is that we currently have only 164 single family homes under contract (sellers have accepted an offer but the sale is not complete) in all of Lake Norman which is down significantly from last month’s Hot Sheet number of 206, October’s  211, September’s 217, August’s 253, July’s 260, June’s 301 and May’s high of 330. Let’s take a look at a snapshot of the past two weeks’ activity:

Lake Norman Real Estate’s Two-Week Hot Sheet

12/21/2013

Lake Norman home sales activity for the past two weeks

Lake Norman home sales activity for the past two weeks

Lake Norman Real Estate’s December 2013 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 (area 13). These numbers represent a real time snapshot of the past two week’s activity. (December 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

Lake Norman’s annual home sales report tool for 2013. Search by area and even neighborhood!

Charlotte and Lake Norman Multiple Listing Map by areas for home sales data

 

One of my favorite tools offered by the company who provides the home search program for this website is their reports.  I just received the link to their 2013 annual report. If you click on the area, sub-area or neighborhood a drop down box or menu will allow you to search to your heart’s delight.  Lake Norman is area 13.

What is really valuable is that you can search by neighborhood.  For example, here is a link to our luxury community The Point in Mooresville.  A quick glance shows us that the number of homes sold in The Point since 2011 has actually declined however the average price of the homes sold increased in the past three years.

A closer look at the pie charts for The Point shows us that in 2011 homes price up to $1 million comprised the greatest percentage of sales, then they dipped in 2012 when homes OVER $1 million increased to an impressive 50%.  What is really fascinating, but not surprising given the sales analysis I have done this past year, is that sales of  homes priced over $1 million in The Point actually declined as a percentage of their total sales in 2013.

You can get this same data for any area or neighborhood in Lake Norman and the greater Charlotte area.  Have some fun with this great tool!

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s November 2013 Home Sales Analysis: Did the Grinch steal our momentum?

Our Lake Norman real estate market set a record in November but unfortunately not a positive one!  For the first time since December 2011 Lake Norman home sales did not exceed the same month a year prior. As of today, our November closed sales are 10% below November 2012’s.  That said, they are still the second highest November since 2007.  While disappointing,  this is not a surprise based upon the softening trends I have noted consistently for the past several months.  Within the overall Lake Norman housing market there are some interesting trends that will be examined below so let’s take a closer look at the numbers to glean some insight into the short term future and exactly where the Lake Norman housing market stands right now.

Here are the November 2013 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market:

Lake Norman real estate home sales analysis for November 2013 including waterfront homes

Lake Norman Real Estate’s November 2013 Sales Analysis Chart

* Note that the Charlotte Regional Multiple Listing Service created two new categories, Under Contract Showings (UCS) to continue and Under Contract no showings (UCNS). These replaced the Contingent, Conditional and Pending categories.

Some significant additional statistics for you:

  • “Distressed sales” (Foreclosures (REOS), defaults, Short Sales) comprised 14.8%  of Lake Norman’s total home sales which is up from  11.3% last month. Prior months were: 15% in September, 9.4% in August, 11.3% in July, 6.9% in June, 10.6% in May , the 14% in April, 20.4% in March, 16.9% in February and January’s 29%. We only had 13 distressed home sales in November. The average price for distressed single family home sales was $241,588 compared to an earlier low of $252,526. Distressed active listings comprise only 2.7% of our total inventory of Lake Norman homes sale! 
  • 26.1 % of our closed sales were waterfront homes which is about equal to last month but well below September’s 34.6%. The average sales price of Lake Norman waterfront homes in November was $696,900 compared to $662,850 last month and September’s $738,972, August’s $709,753, July’s $874,988 June’s $990,693 and May’s $778,045. What is really interesting to note is that the average price per square foot actually increased for the second month in a row to $216.15 compared to $211.11 last month and $215.43 in September after peaking at $229. Our waterfront home sales above $700,000 remain sluggish but the homes that are selling are getting relatively strong offers based upon their size.
  • 11 new construction homes sold in November. The average listing price vs sales price of new construction single family homes remains 101%! Clearly there isn’t a lot if ANY wiggle room on prices of new homes. We currently have 49 new construction homes under contract. The average sales price in November was up, logging in at $448,564 compared to $359,018 last month and$406,596 in September. It is important to note that many of the new construction homes you will see driving around the lake are custom homes so will not be included in our Multiple Listing Service numbers.
  • 56.8% of Lake Norman’s October home sales were under $400,000.
  • A whopping 73.86 % of the entire Lake Norman home sales in October were under $500,000 which is down slightly from last month’s 75.25% but up from 66.3% in September and more in line with February’s 81.7%, 81% in January, 74 % in December and 75% last November. After seeing an upswing in both the trade-up price ranges and our Lake Norman luxury homes over the late spring and summer, we have now had several pretty weak months in a row of sales in our trade-up and luxury housing markets.
  • Our “Under Contract Show” AND “Under Contract No show”/Pending sales combined total of 197 was the seventh month in a row of decline after April’s record high of 319 . At 197, we dropped down from last month’s 207  but are now equal to last year’s 197. It appears that the bleeding has stopped and our  Lake Norman housing market may have stabilized but it doesn’t look like we will see double digit sales increases again any time soon.

A closer look at the chart: Continue reading

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Lake Norman News, Events and Celebrations

Lake Norman’s Christmas in Davidson 2013 is December 5th-7th!

Horse drawn carriage at Christmas in Davidson's 3-evening celebratiion

Carriage rides at Christmas in Davidson

“Christmas in Davidson” is truly one of the most special Lake Norman area celebrations for the holidays. It is definitely one of my favorite community events of the year. 2013 marks the 26th year of this three-evening celebration which is being held this year on December 5th,6th, and 7th in Downtown Davidson. Three “magical”evenings from 6pm – 9pm, this very local, old-fashioned celebration is great fun for the young and young at heart. Here is a list of just some of what you will experience:

  • Main Street will be filled with the sounds of carolers and other live music
  • Carriage rides
  • Santa Claus will visit with children each night at the library
  • The Doggie Fashion show is back, tonight, Friday, on South Main St
  • A large tent on the Village Green will offer lots of artists and vendors selling holiday crafts and gifts
  • Local merchants are offering their own special events as well

Learn more:

Complete Event Guide

Santa’s House

Horse-Drawn Carriage Rides & Hay Rides

Doggie Fashion Show

Ugly Christmas Sweater Contest

Davidson Lions Club Christmas Tree Pick Up

Rotary Club Christmas Tree Village

Trollys will shuttle visitors from the Exit 30 parking area to Downtown Davidson. For more information about parking and the event itself just go to their website:

Christmas in Davidson

HAVE FUN!

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Lake Norman photos, Relocating? Life in Lake Norman

Lake Norman Real Estate’s December 2013 Wallpaper Calendar is Here!

Photo of ThPhotograph of an historic home in the Lake Norman area in the snow

The Graham House in the snow

One of the most common questions I get when I first meet a new buyer relocating to Lake Norman is about our weather; especially how hot does it get in the summer and how cold in the winter.  Lake Norman enjoys very mild winters. As a snow lover I get excited each time we get a little but it rarely lasts more than a day.  However, once in a while we do get a “real snow” like in the photo above of The Graham house on Grampian Road in Mt. Ulla which is a small, rural town adjacent to Mooresville.

This gorgeous photo was taken by renowned artist Cotton Ketchie, owner of Mooresville’s Landmark Galleries, who 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 2013! Continue reading

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