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

Standard
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

Standard
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

Standard
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!

Standard
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

Standard
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!

Standard
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

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s November 2013 Hot Sheet, Is the Lake Norman housing market picking up?

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. That said, there is no doubt in my mind that our number of monthly home sales peaked in May and have been trending downward every month since. However, the numbers below actually indicate a slight uptick in new Lake Norman home sales contracts in the past few weeks. We currently have 206 single family homes under contract in all of Lake Norman which is down slightly from last month’s Hot Sheet number of 211, September’s 217, August’s 253, July’s 260, June’s 301 and May’s high of 330. But, the number of new contracts has jumped back up after a drop last month. Let’s take a look at a snapshot of the past two weeks’ activity:

Lake Norman Real Estate’s Two-Week Hot Sheet

11/21/2013

Lake Norman Real Estate's November 2013 Hot Sheet

Lake Norman Real Estate’s November 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. (November 7th – 21th). As always, I have included the past 6 months so that you can put these numbers in perspective. Continue reading

Standard
Lake Norman Real Estate Market Reports, Lake Norman waterfront homes

Lake Norman real estate trends can be identified in the 2013 home sales in our Crescent Communities

The Point, Lake Norman waterfront  community

One of the best ways I have found to track Lake Norman’s real estate trends is to compare the largest of the Crescent Communities that are found on all sides and corners of Lake Norman.  Comparing home sales activity in The Point, The Harbour at The Point and The Farms in Mooresville, The Peninsula in Cornelius, Sailview in Denver, Northview Harbour in Sherrills Ford and Falls Cove in Troutman/Statesville provides valuable insight into these 5 Lake Norman towns and how each is recovering from the recession.

Lake Norman Real Estate's Crescent Communities Sales Analysis  November 2013

Lake Norman Real Estate’s Sales Analysis of the Crescent Communities

 * All home sales data is from the Charlotte Multiple Listing Service

I must admit I was surprised by many of the numbers above:

  • The Peninsula is actually out performing The Point both in number of total sales and, with a significantly lower number of active listings, it has a much more competitive number of months of supply at 5.7 compared to The Point’s 15 months.
  • That said, The Point and The Peninsula have almost identical numbers when it comes to the days a home is on the market, the percent of the listing price compared to the sales price and the average price per square foot.
  • It is no surprise that The Point and The Peninsula have the highest homes sales price per square foot of all 7 Crescent Communities given they have the most luxury, high-end estates and amenities and are located in the strongest real estate markets on Lake Norman
  • The months o f supply winner goes to The Farms which is not a surprise given the amount of new construction and the price ranges of $500.000-$600,000.  Note that the average home sold for 98% of the listing price as well!
  • I found it fascinating that Sailview, in Denver on the Northwest side of Lake Norman,  not only has a very low number of  of months of supply but the lowest days a home was on the market before it sold of all 7 Crescent Communities. The average price per square foot of real estate sales in Sailview was a modest $133 which supports my feelings that the west side of Lake Norman’s recovery has been later and slower than that of Mooresville and Cornelius on the east side.
  • The numbers above for Northview Harbour, in Sherrills Ford, and Falls Cove in Statesville/Troutman which are both north of Hwy 150 support the fact that these are the weakest real estate markets in all of Lake Norman.  However, it does look like Northview Harbour is gaining momentum. Continue reading
Standard
Lake Norman News, Events and Celebrations, Relocating? Life in Lake Norman

Lake Norman Holiday Celebrations & Events for 2013 Start Tomorrow at Birkdale Village!

Christmas tree at Birkdale Village in Lake Norman

Lake Norman’s Popular Birkdale Village’s Holiday Decorations

Huntersville kicks off the holidays with The arrival of Santa and their annual tree lighting ceremony on November 16th at 5 pm at Birkdale Village.  The rest of the season visitors of Birkdale Village can enjoy the beautiful displays/decorations and even meet Santa!  (Not to mention some of the best shopping and restaurants in Lake Norman!) Continue reading

Standard
Lake Norman Real Estate Market Reports, Lake Norman waterfront homes

Lake Norman Waterfront Home Sales and Price Trends 2013

Lake Norman Waterfront Home in Mooresville

 

Lake Norman’s 520 miles of shoreline offer an amazing variety of waterfront homes and lifestyles.  From flat lots with beaches like the one pictured above to steeper lots with walk-out basements, from heavily wooded to almost treeless lots, from grand estates to tiny cabins, and from main channel views to small coves that remind one of Huckleberry Finn, there truly is a dream home and lifestyle available for just about every waterfront home buyer!

The Lake Norman waterfront housing market was hit particularly hard during the recession; bottoming out in 2011.  With our distressed sales (foreclosures and short sales) now down to less than 3% of our entire Lake Norman housing inventory of active listings, waterfront homes sales prices have not just stabilized but are now increasing annually:

 

Lake Norman Waterfront Home 9 year Sales

As you can see above, the average prices of Lake Norman waterfront homes have increased since 2011.  The average price so far this year is 1.7% higher than in all of 2012 and 3% higher than 2011. And, the average price per square foot has increased 4.5% since 2012 and a healthy 8.7% since 2011.

With 64 waterfront homes under contract as of today added to the 352 sold so far in 2013 it looks like we will have at least 416 total waterfront home sales in 2013 which would be the strongest year of waterfront  sales since 2005!

Clearly, the last segment of our Lake Norman real estate market to fully recover is our high-end luxury housing market.  This has contributed to our lower average sales than our strong sales volume might indicate.  That said, in the past 6 months our waterfront homes sold for an average of $220 per square foot taking us back to our 2009 numbers.  Clearly, once our larger home sales pick up our average sales price will also increase bringing us ever closer to our peak in 2008.

With 357 waterfront  homes currently on the market in Lake Norman, now is a good time to consider a purchase because I have a feeling in the spring of 2014 not only will sales be even stronger but higher-end home buyers will return to the market in higher numbers as well.  Carpe Diem!

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s October 2013 Home Sales Analysis: More Interesting Trends!

Change continues to be in the air in our Lake Norman real estate market. Lake Norman’s closed home sales have maintained historically strong numbers (post the recession) each month in 2013 but they are continuing their softening trend since our record setting high in May. While we still logged in some solid closed home sales numbers in October, we actually appear to be struggling right now to be able to keep our sales up above last year’s for the rest of this fall/winter. At 97 single-family home sales in October we logged in the best October since 2006  but our gains of +5% compared to last October were the smallest monthly gains posted in 2013.

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 October 2013 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market:

Lake Norman Real Estate's October 2013 Sales Analysis

* 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 11.3% of Lake Norman’s total home sales which is down from 15% last month. Prior months were: 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 11 distressed home sales in October. The average price for distressed single family home sales was  $337,972 compared to an earlier low of $252,526. Distressed active listings comprise only 3.1% of our total inventory of Lake Norman homes sale! According to a recent article on Realtor.org in the US foreclosures and short sales represented 12% of August sales.
  • 26.8 % of our closed sales were waterfront homes which is well below last month’s 34.6%. The average sales price of Lake Norman waterfront homes in October was $662,850 also well below not only September’s $738,972 but also 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 slightly from $211.11 last month to $215.43 after peaking at $229. Our waterfront home sales have dropped significantly over the past months above $700,000 but the homes that are selling in the lower price ranges are getting relatively strong offers based upon their size.
  • 16 new construction homes sold in October which was twice the number last month. 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 46 new construction homes under contract. The average sales price in October was down, logging in at $359,018 compared to last month’s $406,596. 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.
  • 62.8% of Lake Norman’s October home sales were under $400,000 up from 55% last month.
  • A whopping 75.25 % of  the entire Lake Norman home sales in October were under $500,000 which is up from 66.3% last month and more in line with February’s 81.7%, 81% in January, 74 % in December, 75% in November. After seeing an upswing in both the trade-up price ranges and our Lake Norman luxury homes earlier in the summer, we have now had several pretty weak months of sales in our trade-up and luxury housing markets.
  • Our “Under Contract Show” AND “Under Contract No show”/Pending sales combined total of 207 was the sixth month in a row of decline after April’s record high of 319 . At 207, we match last month’s so it appears we may have stopped the bleeding but there are still fewer homes under contract than any other month in 2013 except January. It is not only clear that our Lake Norman housing market has definitely slowed down but now we appear to be struggling to keep pace with 2012.

A closer look at the chart: Continue reading

Standard
Lake Norman photos

Lake Norman Real Estate’s November 2013 Calendar is Here!

Lake Norman Real Estate's November 2013 calendar eview

While searching for a great photograph for this month’s Lake Norman Real Estate’s wallpaper calendar, I came across this beautiful shot of the Mayflower 2. While it is located far from Lake Norman in Massachusetts, I thought it was a fitting and a bit different way to honor the month during which we celebrate Thanksgiving!

The original Mayflower that sailed to Plymouth in 1620 no longer exists. Plimoth Plantation’s full-scale reproduction, Mayflower II, was built in Devon, England and crossed the Atlantic in 1957. The details of the ship, from the solid oak timbers and tarred hemp rigging to the wood and horn lanterns and hand-colored maps, have been carefully re-created to give you a sense of what the original 17th-century vessel was like.

To make your desktop calendar, go to the round button at the top of this site’s home page entitled: “Lake Norman Calendar”. Click on this button and up will come this image of my Lake Norman photo wallpaper calender for November 2013. All you have to do is right click and select “set as background”. This is a copyrighted photo so please understand that I can not send you a copy of this photo without the calendar. Thank you! Continue reading

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s October 2013 Hot Sheet is here!

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. That said, there is no doubt in my mind that our number of monthly home sales peaked in May and have been trending downward every month since. The numbers below further substantiate this  as we see a drop in the number of  homes that have gone under contract and closed so far this month. We currently have 211 single family homes under contract in all of Lake Norman which is down slightly from last month’s Hot Sheet number of 217, August’s 253, July’s 260, June’s 301 and May’s high of 330 but they are slightly above our end of September’s number of 207. Are our sales leveling out rather than trending downward? Let’s take a look at a snapshot of the past two weeks’ activity:

Lake Norman Real Estate’s Two-Week Hot Sheet

10/21/2013

Lake Norman real estate's October 2013 Hot Sheet

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

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 3rd Quarter 2013 Sales Analysis by Price Range

If you are a home buyer or seller in the Lake Norman 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 Real Estate's 3rd Quarter 2013 Sales by Price Range Chart

*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.

** Compare this to Lake Norman real estate’s 2012 3rd quarter sales analysis by price range.

How to read this report:

  • First choose a price range.
  • The next column provides the actual number of listings sold in this price range in the 3rd quarter of 2013
  • This is followed by the percentage this price range represents of the total number of listings sold in all of Lake Norman area 13
  • Next is the number of active listings in this price range
  • This is followed by the percentage this price range represents of the total number of active listings
  • Finally, the last column represent the absorption rate or the number of months of supply for each price range based upon the number of listings divided by the number of sales. (A balanced housing market is 6 – 8 months so you can use this to gadge your price range).

Some Findings: Continue reading

Standard
Lake Norman News, Events and Celebrations

Lake Norman Halloween Happenings 2013

* For 2015 Halloween Events go to: Lake Norman Halloween Happenings and Events 2015; BOO!

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.
  • Davidson United Methodist Church’s Pumpkin Patch offers pumpkins for sale through Halloween on the lawn of the  Molly McKay House, 260 S. Main Street, Davidson

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!

  • This year, Carrigan Farms’ Scarrigan Farms is supposed to be so scary that moms enjoying smores on the other side of the quarry can hear their kids screaming as they walk throw the haunted trail. As they say on their website: This is not a trail for kids. If you’re under 12 come back when you’re old enough. We’ll be waiting. If someone hasn’t peed in their pants by the end of the night we know haven’t done our job. Come gather around the bonfires, at the well-known Carrigan Farms Rock Quarry, before or after you enter the haunted trail. Visit Scrarrigan Farms on Facebook.  It began October 5th and continues Friday to Sunday nights through November 2nd and includes Thursday, October 31st of course!  (Today their website was down but hopefully it will be up shortly.)

Continue reading

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s September 2013 Sales Analysis has some Mixed Signals!

Change seems to be in the air in our Lake Norman real estate market. Lake Norman’s closed home sales have maintained historically strong numbers (post the recession) each month in 2013 but they are continuing their softening trend since our record setting high in May. While we still logged in some solid closed home sales numbers in September, we actually appear to be struggling right now to keep our sales up for the rest of this fall/winter above  last year’s.   At 104 single-family home sales in September we logged in the best September since 2007 and we may even equal 2007 once the late comers input their sales into the MLS but will we sustain this trend?

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 September 2013 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market:

Lake Norman Real Estate's September 2013 Sales Analysis

* 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. Contingent Sales are now joined with Conditional sales in my reports.

Some significant additional statistics for you:

  • “Distressed sales” (Foreclosures (REOS), defaults, Short Sales) comprised 15.4% of Lake Norman’s total home sales which is up from 9.4 last month,  11.3%  in July, 6.9% in June, 10.6% in May , the 14% in April but down from 20.4% in March, 16.9% in February and January’s 29%. We only had 16 distressed home sales in September. The average price for distressed single family home sales jumped back up to $348,168 from last month’s low of $252,526. Distressed active listings comprise only 3.2% of our total inventory of Lake Norman homes  sale! According to a recent article on Realtor.org in the US  foreclosures and short sales represented 12% of August sales.
  • 34.6 % of our closed sales were waterfront homes which is equal to the last few months. The average sales price of Lake Norman waterfront homes in September was $738,972 which is up slightly from last month;s $709,753 but well below July’s $874,988 June’s $990,693 and May’s $778,045. The average price per square foot was $211.11 dropping for the second month in a row after peaking at $229. This can be directly attributed to having only 6 waterfront home sales over $1 million for the second month in a row compared to 13 sales of waterfront homes over $1 million in both June and July.
  • 8 new construction homes sold in September which was 3 less than last month’s. The average listing price vs sales price of new construction single family homes was 101%! Clearly there isn’t a lot if ANY wiggle room on prices of new homes. We currently have 50 new construction homes under contract. The average sales price was up to $406,596 compared to last month’s  $373,183. 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.
  • 55% of Lake Norman’s September home sales were under $400,000 up from 50% last month.
  • 66.3% of our August home sales were under $500,000 which is about equal to last month but significantly lower than last winter’s in February’s 81.7%, 81% in January, 74 % in December, 75% in November. After seeing an upswing in both the trade-up price ranges and our Lake Norman luxury homes earlier in the summer, we have seen several months of weaker sales in our trade-up and luxury housing markets.
  • Our “Under Contract Show” AND “Under Contract No show”/Pending sales combined total of 118 was the fifth month in a row of decline after April’s record high of 319 . At 207, we have fewer homes under contract than any other month in 2013 but January.  It is not only clear that our Lake Norman housing market has definitely slowed down but now we appear to be struggling to keep pace with 2012.

A closer look at the chart: Continue reading

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

Lake Norman Folk Art Festival is this Saturday, October 5th, 2013!

Lake Norman folk art festival 2013

 One of my first exciting discoveries after moving to Mooresville back in 2005 was the wonderful array of art available, particularly from the Southeastern United States. Southern Folk Art can be colorful, whimsical, dramatic and fun and is also be highly collectible. If you haven’t had an opportunity to view the wonderful variety of Southeastern Folk Art and meet some the our talented artists from all over the Southeast, then this Saturday, October 5th,  is a perfect opportunity for you since Lake Norman is hosting Hickory Museum o f Art’s 5th annual Lake Norman Folk Art Festival from 11-4 pm at 3630 Drum Campground Road, Sherrills Ford, NC

In it’s 5th year, there will be more changes, improvements and additions.  Here is their update and links. Check out the list of artists and photos of their works!!!!:

Lake Norman Folk Art Festival

Saturday, October 5
10 AM – 4 PM

There are exciting changes for this year’s festival! 

And some things will be just the same: Continue reading

Standard
Lake Norman photos

Lake Norman Real Estate’s October 2013 Calendar is Here!

Lake Norman Waterfront home with fall colors

Fall in Lake Norman NC is truly epitomized in this photo; the bright “Carolina Blue Skies”, the brilliant fall colors offered by Lake Norman’s shoreline of stunning hardwood trees, the pretty blue water, and the serenity of life at a waterfront home.  In the last few weeks we saw the last of  our warm summer temperatures give way to our nearly perfect 70 degree days and 50 degree evenings.  Windows can be open all day offering invigorating fresh air and gentle breezes in our homes.  Cycling and outdoor sports of all kinds are so much more enjoyable.  Life is good! I truly love living where we have 4 seasons.  Just as I tire of one, the next one arrives.

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 like this one. 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

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s September 2013 Hot Sheet is Here!

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. That said, it appears more likely at each passing month that our number of monthly home sales peaked in May and are now trending downward slightly each month. The numbers below further substantiate this although there is a slight uptick in new contracts. We currently have 217 single family homes under contract in all of Lake Norman which is a pretty significant drop from last month’s Hot Sheet number of 253, July’s 260, June’s 301 and May’s high of 330 but they are just about equal to our end of August number of 218.  Are our sales leveling out rather than trending downward? Let’s take a look at a snapshot of the past two weeks’ activity:

Lake Norman Real Estate’s Two-Week Hot Sheet

9/20/2013

Lake Norman Real Estate's September 2013 Hot Sheet Chart

* 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 6th – 20th). As always, I have included the past 6 months so that you can put these numbers in perspective. Continue reading

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s August 2013 Home Sales Analysis

Lake Norman homes sales remain historically strong (post the recession) but continue their softening trend after our record setting high in May. That said, we still logged in some solid number in August. At 128 single-family home sales we had the 4th best month in the Lake Norman real estate market since August 2007 . Once the late comers input their sales into the MLS my guess is that we will have closed 132 contracts last month.

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 August 2013 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market:

Lake Norman real estate's August 2013 Sales Analysis

* 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. Contingent Sales are now joined with Conditional sales in my reports.

Some significant additional statistics for you:

  • “Distressed sales” (Foreclosures (REOS), defaults, Short Sales) comprised 9.4% of Lake Norman’s total home sales which is down from 11.3% last month, up from 6.9% in June but below May’s 10.6% , the 14% in April, 20.4% in March, 16.9% in February and January’s 29%. We only had 12 distressed home sales in August. The average price for distressed single family home sales was $252,526 so clearly the very lowest of Lake Norman’s price ranges. Distressed active listings comprise only 3.9% of our total inventory of Lake Norman homes for sale! According to a recent article on Trulia the “normal” delinquency and foreclosure rate for the US is 5.25%.
  • 31 % of our closed sales were waterfront homes which is equal to last month’s. The average sales price of Lake Norman waterfront homes in August was $709,753 which is down from last month’s $874,988  June’s $990,693 and May’s $778,045. The average price per square foot was $214.5 which was down significantly from last month’s $229 and all prior months this year after February. This can be directly attributed to having only 6 waterfront home sales over $1 million compared to 13 sales of waterfront homes over $1 million in both June and July.
  • 11 new construction homes sold which was 3 less than last month’s. The average listing price vs sales price of new construction single family homes was 101%! Clearly there isn’t a lot if ANY wiggle room on prices of new homes. The average sales price was $373,183. 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.
  • 50% of Lake Norman’s August home sales were under $400,000.
  • 67.2% of our August home sales were under $500,000 which is up from the past few months but significantly lower than February’s 81.7%, 81% in January, 74 % in December, 75% in November. After seeing an upswing in both the trade-up price ranges and our Lake Norman luxury homes, August seemed to return to our my typical post recession norms.
  • Our “Under Contract Show” AND “Under Contract No show”/Pending sales combined total of 118 was the fourth month in a row of decline after April’s record high of 319 . Looking at this number compared to the past two years (see below), it is clear that our Lake Norman housing market has definitely slowed down. There is no doubt now that our home sales in Lake Norman this year did peak in May but seem to be maintaining a slight edge on the same period in 2012.

A closer look at the chart: Continue reading

Standard
Lake Norman photos

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

Lake Norman Real Estate's September 2013 Calendar

Lake Norman sunsets are as unique as snowflakes. While no two are identical, they are almost all stunning!  Sometimes it seems as if the horizon is on fire. Other times, like when I took the photo above from one of my waterfront listings, they are soft pink and lavender hues.  As you can see, on a slightly windy evening the water will even get small white caps while on a calm evening the water truly becomes a stunningly clear mirror of the shoreline.

To make your desktop calendar, go to the round button at the top of this site’s home page entitled: “Lake Norman Calendar”. Click on this button and up will come this image of my Lake Norman photo wallpaper calender for September 2013. All you have to do is right click and select “set as background”. This is a copyrighted photo so please understand that I can not send you a copy of this photo without the calendar. Thank you! Continue reading

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s August 2013 Hot Sheet is here!

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. That said, it appears more likely at each passing month that our number of monthly home sales may have peaked in May and are now trending down slightly each month. The numbers below further substantiate this. We currently have 253 single family homes under contract in all of Lake Norman which is a drop from last month’s 260, June’s 301 and May’s high of 330 but is still the 6th highest number since I have been keeping these records. Let’s take a look at a snapshot of the past two weeks’ activity:

Lake Norman Real Estate’s Two-Week Hot Sheet

8/21/2013

Lake Norman Real Estate's August 2013 Hot Sheet

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

Standard
lake norman real estate, Relocating? Life in Lake Norman

Lake Norman is a magnet for great new restaurants, shopping and entertainment!

Lake Norman's Hot Stone Grill Rest

Lake Norman seems to be getting great new shops, restaurants and recreational business on a weekly basis.  With the very exciting recent news that there will be a Lake Norman Whole Foods opening in 2014 I feel like my wish list from 2005 when we moved here is complete!

There are so many new restaurants, shops and other fun businesses that rather than write individual articles about each one I will just provide you with a list of the ones that have caught my eye in the past few months:

Mooresville: 

  • Local hangout Vinnie’s on the shores of Lake Norman closed but was purchased by Eddie Lubic who has already opened Eddie’s Seafood and Raw Bar which has an emphasis on “fresh”.  He spent a month cleaning up the former Vinnie’s so it now has a clean new looks and a great new menu including their raw bar and seafood starters to entrees like pan roasted salmon, snow crabs, Black Angus Rib, Italian specialties and even hot dogs and burgers. Located on Williamson Rd. 704.799.2090
  • Fine Italian dining has come to historic downtown Mooresville!  Trattoria Al Gustowhich just opened last week in the town’s original Catholic Church and former location of The Prickly Pear. is located at 761 N. Main.  Chef and owner Patricio Campoverde has extensive experience in the restaurant business and decided Mooresville needed a high caliber Italian Restaurant. Focus is on fresh and homemade with “the best quality food they (his customers) can buy.” One of his favorite dishes is the Tagliolini Neri, a black linguine with crab meat and shrimp in a spicy red tomato sauce.  Open for dinner from 5-10 pm Monday – Thursday and 5-11 pm on Friday and Saturday.  They are planning to add lunches and a Sunday brunch in the future. 704.660.1066 ( I have since been there 3 or 4 times and the food is excellent!!!)
  • On the more casual side, Jeff and Chris Steiner, owner of 6 Five Guys Burgers and Fries, JUST opened the Moe’s Southwest Grill last Thursday.  It is located right next to the Hobby Lobby in the Lowe’s Home Improvement shopping center on Hwy 150 at Exit 36.  This joins Mooresville’s newer Chipolte located in the Best Buy shopping center also on Hwy 150. Great, fresh Mexican fast food is here!
  • Craft beers have arrived big time to Lake Norman. The most recent is “Ultimate Ales” which is located in the Mooresville Town Square shopping center.  Currently the only retailer dedicated solely to the sale of craft beer in Mooresville, they will offer almost 300 kinds of local, regional and national craft beers plus selected imports according to owner Mark Moore.  They plan on having a bar with six taps and weekly tasting events.  FYI there is a local homebrew organization called Iredell Brewing Club!.
  • Under the category of recreation and considered an “ode to Italy”, The Mooresville Motorplex, an outdoor karting track, opened recently on a 30-acre campus at 130 Motorplex Drive in Mooresville adjacent to the athletic fields at Mazeppa Road Park.  Arrive and and drive your own cart or rent one of their Sodikart RT8 390cc karts. They hold such competitions as the MMX Carting Challenge, MMX League Racing and several national events including the US Rotax Max Challenge Grand Nationals.  Well, Mooresville IS Race City USA!
  • The Langtree Charter Academy, a tuition free public charter school serving k-12 students just opened for this fall adding yet another great educational option for Lake Norman students.
  • Can you say WOOF?  Mooresville has a new leash-free dog park located in historic Mooresville on Academy Rd.  The park is separated into two areas, one for smaller dogs and one for larger.
  • It was recently announced that the Langtree Hotel and Convention Center will soon be home to a Doubletree By Hilton Hotel & Conference Center. this 12-story, 227 room $90,000 million hotel is envisioned as the center piece of the Langtree development located at Exit 31.  Construction is expected to take about 2 years.

Davidson Continue reading

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s July 2013 Sales Analysis

Lake Norman homes sales in July were oh so close to matching July 2007’s but still were the best July since 2007 .  While our closed sales of 142 fell short of last month’s and our record setting high in May, we still logged in some very impressive numbers. At 142 single-family home sales we had the 3rd best month in the Lake Norman real estate market since July 2007 . Once the late comers input their sales into the MLS my guess is that we will have closed 145 contracts last month.

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 July 2013 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market:

Lake Norman Real Estate's July 2013 Sales Analysis

* 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. Contingent Sales are now joined with Conditional sales in my reports.

Some significant additional statistics for you: Continue reading

Standard
Lake Norman News, Events and Celebrations

North Carolina & Lake Norman’s Tax Free Weekend Starts This Friday, August 2nd!

Lake Norman Back to School

 

Our annual sales tax holiday is this weekend, August 2nd through August 4th! 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 2, 2013 and 11:59 pm Sunday, August 4th” according to the North Carolina Department of Revenue website.

Continue reading

Standard
Lake Norman photos

Lake Norman Real Estate’s August 2013 Calendar is Here!

Lake Norman Real Estate's August 2013 Calendar

Life in the Lake Norman NC area offers myriad experiences and adventures both on and off the water.  While you may never want to leave the beauty of Lake Norman and all of the boating and recreational activities it offers, you don’t have to travel far to find gently rolling farmland and country scenes like the one in this month’s calendar photo.  I happen to love sunflowers and barn quilts are great fun to discover so this photo is particularly appealing to me.  Whether it is a sea of sunflowers on the roadsides of the Tour de France or right here in NC, these cheerful flowers epitomize the joys of summer.

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 like this one. 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

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s July 2013 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.

Lake Norman’s 2013 real estate sales have been breaking records since January 1st.  It appears, however, that our number of monthly home sales may have peaked in May and are now trending down slightly each month.  The numbers below further substantiate this. We currently have 260 single family homes under contract in all of Lake Norman which is a drop from last month’s 301 and May’s high of 330 but is still the 5th highest number since I have been keeping these records. Let’s take a look at a snapshot of the past two weeks’ activity:

Lake Norman Real Estate’s Two-Week Hot Sheet

7/21/2013

Lake Norman Real Estate's July 2013 Hot Sheet

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

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 2nd Quarter 2013 Sales Analysis by Price Range

If you are a home buyer or seller in the Lake Norman 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 $500,000s. This is exactly the reason why I create a price-range analysis every quarter:

Lake Norman Real Estate's 2nd quarter 2013 Sales Analysis by price range

*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.

** Compare this to Lake Norman real estate’s 2012 2nd quarter sales analysis by price range

How to read this report: Continue reading

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s June 2013 Sales Analysis: Best June since 2007!

While Lake Norman’s June home sales weren’t quite as stellar as May’s, we still logged in some very impressive numbers.  At 150 single-family home sales we had the 2nd best month in the Lake Norman real estate market since July 2007.   Once the late comers input their sales into the MLS my guess is that we will have closed about 151 contracts last month.  (Note, I revised this sales analysis on July 15th to reflect increased sales logged in to the MLS from 144 to 150).

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 June 2013 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market:

Lake Norman Real Estate's June 2013 Sales Analysis

* 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. Contingent Sales are now joined with Conditional sales in my reports.

Some significant additional statistics for you: Continue reading

Standard
Historic Downtown Mooresville, Lake Norman photos

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

 

 

Lake Norman Real Estate's July 2013 Wallpaper Calender

I have written a lot about life in Lake Norman and how we have two very different types of communities within the same towns.  This is particularly true in the town of Mooresville where you will find Donald Trump’s Trump National Golf Club and the largest number of waterfront homes and estates on all of Lake Norman. However, if you travel east of Interstate 77 you will discover the original, historic town of Mooresville which was developed along the railroad in the 1800’s for its earliest residents, cotton farmers.  Since I moved here in 2005 Historic Downtown Mooresville has gone from a sleepy town to a true destination with great restaurants, shops, art galleries, entertainment and a number of festivals and community events.  The photo above is taken at the recently upgraded John Franklin Moore Park which is adjacent to the railroad tracks.  Last July the Exchange Club created this wonderful display of American flags for the 4th of July.  In the background is the original train depot which is now home to the Mooresville Artist Guild as well as some other historic buildings on Main and Broad Streets.

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 like this one. 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

Standard
Lake Norman News, Events and Celebrations

Lake Norman’s 4th of July 2013 Fireworks and Celebrations!

Lake Norman 4th of July 2013

For 2016 Fireworks and Celebrations please go to: Lake Norman’s 4th of July Fireworks and Celebrations 2016!

 From nostalgic patriotic parades to community festivals with firework displays to myriad planned and spontaneous raft- up (boat) parties on Lake Norman, there truly is something for everyone here in the greater Lake Norman area this 4th of July. Get out of your home, save gas and have a great time!” I wrote this FIVE years ago and it is still just as true this year. So, here is the run down on Lake Norman’s 4th of July festivities 2013:

Saturday, June 29th at 11:00am the 9th Annual Troutman Independence Celebration Parade will be held on a 3-mile route from the Iredell County Fair Grounds ending at the Troutman Elementary School. (Highway 21).If you want to experience a slice of true, old-fashion, small-town Americana, this is a must attend parade. The streets are lined with flags, yellow ribbons and folks of all ages, many with signs honoring our military past and present. The parade itself has about 100 entries including floats with United States Veterans from all of our wars, military units, WWII Vehicles, local clubs and civic organizations, beauty queens and just about any thing you can imagine including at least one John Deere Tractor! This year The Military Order of the Purple Heart/Wounded Warriors veterans will serve as the Grand Marshals. What a great way to honor those who have given so much for our country! Again this year the parade is followed from 5:30-9:30 pm by the Troutman Independence Day Festival at the fairgrounds and ending with a breathtaking fireworks display at 9:30!

Continue reading

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s June 2013 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.

Lake Norman’s 2013 real estate sales have been breaking records since January 1st with last month’s sales being the tenth highest sales month in Lake Norman’s history. But, can we sustain these very high sales numbers into summer?  From the numbers below, it looks like we will. We currently have 301 single family homes under contract in all of Lake Norman which is a drop from last month’s high of 330 but is still the second highest number since I have been keeping these records. Let’s take a look at a snapshot of the past two weeks’ activity:

Lake Norman Real Estate’s Two-Week Hot Sheet

6/21/2013

Lake Norman Real Estate's June 2013 Hot Sheet

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

Standard
Just the facts about Lake Norman, Lake Norman News, Events and Celebrations

Lake Norman’s 50th Anniversary Celebration is this Saturday: June 22, 2013

Lake Norman 50th Anniversary photo of dam in progress

Photo courtesy of Visit Lake Norman on Pinterest circa mid-1960’s

Lake Norman is celebrating a major milestone this summer.  50 years ago the 4-year flooding of the countryside of the Catawba River was completed and Lake Norman became a reality!

This Saturday, June 22nd, a celebration of Lake Norman’s 50th anniversary is being held at Queens Landing beginning at 2pm.  This free, family friendly event will feature games and live music by the Gospelaires, Sunny Skyyz and the Rainmakers and the Red Dirt Revelators.  There will also be educational booths set up by the Lake Norman groups who worked to present this celebration including  Duke Energy, The Lake Norman Wildlife Conservationists, Save Our Lake Organization and the Catawba Riverkeeper.

Lake Norman truly was and is an impressive feat.  Construction of Lake Norman, now  the largest man-made lake in the Carolinas, began with a dynamite blast on September 28, 1959.  Once the dam completed in March of 1962,  the waters of the Catawba River began backing up and flooding towns, farms, woods, bridges until it reached the  760-foot sea level line which we now refer to as “full pond”.

A few interesting facts:

  • 33.6 Miles long and 9 miles wide at its broadest point
  • 520 Miles of shoreline
  • 3.4 trillion gallons of water
  • 110 feet deep at its deepest point
  • Named for Norman Atwater Cocke, a former president of Duke Power
  • Cowans Ford Dam hydroelectric station provides power for hundreds of thousands
  • The McGuire Nuclear Station, built in 1981, provides electricity for millions

Want to learn more? Continue reading

Standard
lake norman real estate, Lake Norman Real Estate Market Reports

Which months are Lake Norman real estate’s strongest?

Lake Norman real estate photo of 130 lochfoot grape trellis view

One of the most common questions asked  by both home buyers and sellers is which months of the year are the strongest in our Lake Norman’s housing market?  When I read a recent article about a study by Trulia that placed North Carolina and South Carolina’s strongest months for home searches in July, I was a bit surprised so decided to see for myself if this is also true for Lake Norman.

Here is my chart with Lake Norman home sales by month since 2005.  Taking a closer look it is clear that our Lake Norman real estate market isn’t consistently the strongest in the same month every year.  Over all, Lake Norman’s real estate market picks up after the first of the year and generally slows down at the end of the year but beyond this generalization, there are some interesting inconsistencies:

Lake Norman Real Estate's Annual Sales Chart by Month May 2013

2005:

  • August was the best month followed by July, June, September and October

2006:

  • June was the best month followed by May, August, July and March

2007:

  • June was the best month followed by May, July, March and August

2008:

  • July was the best month followed by May, April, June and September

2009:

  • July was the best month followed by June, September, October and December

201o:

  • June was the best month followed by May, April, December and November/July (This was the year of the rebates hence the April/June numbers)

2011:

  • August was the best month followed by June, October, July and April

2012:

  • August was the best month followed by May, June, July and November

2013:

  • So far this year every month since January Lake Norman has had more home sales than the prior month

Continue reading

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s May 2013 Sales Analysis: 2nd Best May in Lake Norman; EVER!

What words best describe Lake Norman’s May real estate sales?  Amazing, shocking, jaw-dropping, astounding, unprecedented, awesome; chose any or all of these.  I am almost speechless (which never happens).  While the dynamics of our Lake Norman real estate market have been impressive all year and even with such high numbers of properties under contract I don’t think anyone expected May to be the second best May in the history of Lake Norman home sales and the 10th highest month for home sales ever. Wow.  Once the late comers input their sales into the MLS my guess is that we will have closed about 165 contracts last month. (NOTE, I updated these two charts on June 13th as we are now up to 163 closed sales compared to 159 when I first wrote this post on the 6th.)

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 May 2013 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market:

Lake Norman  Real Estate's May 2013 sales analysis updated

* 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. Contingent Sales are now joined with Conditional sales in my reports.

Some significant additional statistics for you: Continue reading

Standard
Lake Norman photos, Lake Norman waterfront homes

Lake Norman waterfront real estate: Does it have to be love at first site?

Lake Norman waterfront home for sale

As I have written for years, Lake Norman’s waterfront lifestyles are almost schizophrenic.  On the one hand, we have the renowned luxury community The Point that is now affiliated with the Trump National Golf Club and offers stunning waterfront estates, impeccably landscaped homes and common grounds which offer a more uniform lifestyle dictated in part by the very strict home owner association rules and regulations which are in place to protect the quality and integrity of this very special community.

With 520 miles for shoreline however, most of Lake Norman’s waterfront homes are not in luxury communities but rather in as varied neighborhoods as you can imagine.  Keeping in mind that Lake Norman was created by Duke Power in the 1960’s and initially waterfront lots sold for as little as $500 you can understand that there still exist cabins, single and doublewide mobile homes dating back to it’s origins before I-77 was completed and before Lake Norman evolved into the global destination that it is today.

Honestly, most of my waterfront buyers want large, newer homes on Lake Norman’s Main Channel.  While I moved here in 2005 from Pasadena CA where I listed and sold primarily historic homes, I must admit I have grown so accustomed to showing  newer homes that when I went on a listing appointment a month ago knowing that the waterfront home was built in 1975 I had already decided it wouldn’t probably be one that I would get excited about listing.

My first mistake was wearing my The Point glasses when first touring the home and property. (Which I think many buyers do as well).  I made quick and bias assumptions focusing mainly on what the property wasn’t.  Each subsequent visit increased my interest and my memories of how to truly look at and appreciate a unique home starting with the realization that I have to stop using The Point yardstick when measuring the homes value, both monetarily and emotionally. Continue reading

Standard
Lake Norman photos

Lake Norman Real Estate’s June 2013 Calendar is Here!

 

June 2013 Lake Norman Real Estate Calendar Photo

It’s June and it’s definitely time to get out on Lake Norman!  Whether you enjoy sailing, power boating, water sports of all kinds including water skiing, wake boarding, wind surfing, kayaking, rowing, paddle boarding, tubing, swimming, fishing or just plain handing out on the water or on one of the myriad islands with your friends Lake Norman is the place to have fun in the summer!

As you can see from the photo above, Lake Norman is a huge lake that can accommodate large sail and power boats of all kinds.  There are two yacht clubs, the Lake Norman Yacht Club in Mooreville down Brawley School Rd adjacent to the Trump International Golf Club and The Peninsula Yacht Club located in the luxury community The Peninsula in Cornelius. There is also a non-profit: North Carolina Sailing and Rowing center at Blythe landing that offers lessons and sailing and rowing programs to the public at minimal costs.

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 like this one. 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

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s May 2013 Hot Sheet: It’s a heat wave!

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 strong since January 1st. But, even more significant, today’s level of activity in Lake Norman for single family home sales continues to grow and break records for our post-recession Lake Norman recovery. We currently have a whopping  330 homes under contract in all of Lake Norman which not only tops last month’s 290 (which was a new high) but far surpasses every month since the recession. Buyers are out looking and making offers. Let’s take a look at a snapshot of the past two weeks’ activity:

Lake Norman Real Estate’s Two-Week Hot Sheet

5/21/2013

Lake Norman Real Estate's May 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. (May 6th – 20th). As always, I have included the past 6 months so that you can put these numbers in perspective. Continue reading

Standard
lake norman real estate, Relocating? Life in Lake Norman

Fly to your home at our Lake Norman Airpark Community in Mooresville NC!

Lake Norman airpark -aerial-photo

 Almost hidden away on a lovely Lake Norman peninsula off Perth Road in Mooresville is a truly remarkable neighborhood:  Lake Norman Airpark.  Imagine that instead of the usual garage you actually have a hanger for your plane(s) right next to your home and that you can taxi to and from the community runway at your convenience!

airpark-home

The Lake Norman Airpark is a community of about 56 homes surrounding the runway all of which are a member of the Lake Norman Air Park Owners Association which is a non-profit organization that owns and maintains the runway and approximately 40 acres of common area which includes the associated residential taxiways. Many of the homes have views of Lake Norman as well! Continue reading

Standard
lake norman real estate

What are Lake Norman’s current real estate market’s challenges for buyers and sellers?

Lake Norman after recent rain

Our Lake Norman housing market is doing very well right now, but that doesn’t mean that buying or selling a home is easy.  All real estate markets are constantly facing new challenges unique to myriad influences in any particular month, season or year.  Today’s typical stress-producing hurdles can be minimized if you have a good understanding of what they are and how best to prepare for them:

Mortgage/Loan process

As a direct result of the lax lending practices that led to the end of the housing bubble throughout the country, the home loan process can now be overly burdensome and frustrating.

  • Down Payments ideally should be 20% of the purchase price although there are still options, ie 10% down and 10% second loans.  Potential Lake Norman home-buyers should expect to have 20% down and should meet with a lender before you even begin to search for a home.
  • The paperwork required to get a loan can seem staggering and sometimes offensive to even extremely qualified buyers.  Be prepared to provide extensive personal  financial documentation.  This is truly of EVERY loan.
  • Underwriters can be downright irrational.  I think they are so because in part they are afraid to approve a loan that might ultimately fail.

In order to minimize the stress in the loan process, I recommend only very qualified, experienced lenders to my Lake Norman area home-buyers.  Which lender you use can make or break your ability to get a loan. (Don’t choose based on the lowest interest rate alone).  It is critical to be proactive as well.  From the first week, get a commitment from the lender as to when they will order the appraisal, what documentation they will need from you and when it will be submitted to the underwriter.  After “conditional approval”, expect for the underwriter to ask for additional paperwork right up until several days before closing.  Also make sure that your lender is in constant communication with your closing attorney so that they get the Title information etc. in a timely fashion.  I try to anticipate any potential hurdles and keep in contact with the lender to make sure everything is being processed in a timely manner.  If you are selling your home and the sale is contingent upon the buyer’s home closing, you also need to ask your Realtor to get updates on their buyer’s buyer’s loan.  I just closed on a sale with buyers who had no problems with their loan but whose buyer of their home in another state had a terrible lender who almost ruined our contract due to their incompetence.

Appraisals

One of the critical changes to our real estate process is due to the Dodd-Frank law which essentially prohibits lenders from having any direct communication with appraisers.  Lenders now use a third-party company to order appraisals. While I appreciate the reasoning behind this bill, the result has led to a number of challenges.  The most common problems are appraisals being ordered too late, appraisers who are sent out who are not knowledgeable about Lake Norman, especially waterfront home sales, appraisers who take way too long to submit their appraisals which leads to delays in closing, and appraisals that are just poorly done.  While, by law, lenders can’t contact the appraiser directly, Realtors can if we have questions or concerns.  We can’t intimidate but we can provide additional property information.  I have not actually had an appraisal come in below the contract sales price but I have experienced several fairly incompetent appraisers and an appraisal that took 2 weeks to be submitted despite a “rush” order.  So, make sure that your Realtor keeps on top of the appraisal!

Multiple Offers

As a Realtor in California during the 2000-2005 bubble years when we got up to 60 offers on a listing, we worked hard to fine-tune the multiple offer process.  If representing the buyer in a multiple offer situation, a cover letter can make the difference between you getting the home or not.  The cover letter is my way of “selling” my buyers to the seller by emphasizing their strong financial qualifications, sharing what they love about the property and anything that might strengthen their position. (One time my seller chose a buyer because they shared a mutual love of dogs!).  A good listing agent will counsel their sellers to take the offer that is most likely to close, not necessarily the highest price.  All cash in this market should trump a loan.  A short Due Diligence period is also a plus.  Pre-approval letter is a must.  And, believe it or not, the Realtor representing the buyer can make a huge difference.  I would much rather work with a Realtor I know, trust and respect and I can usually get a pretty good sense of the competence of a Realtor by how they present the offer.

Unrealistic Expectations Continue reading

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s April 2013 Sales Analysis

The dynamics of our Lake Norman real estate market are continuing to impress.  What started as an upward trend in sales and a downward trend in inventory of homes for sale in 2012 has given way to a true break through in so many aspects of our Lake Norman housing market.  There is a sense of energy and hustle reminiscent of the good old days. For some Realtors the days of 24/7 have also returned.  But make no mistake, every closing is challenging in one way or another!

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 April 2013 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market:

Lake Norman real estate's April 2013 Sales Analysis

* Note that the Charlotte Regional Multiple Listing Service has created two new categories, Under Contract Showings (UCS) to continue and Under Contract no showings (UCNS). These replace the Contingent, Conditional and Pending categories.   Contingent Sales are now joined with Conditional sales in my reports.

Some significant additional statistics for you: Continue reading

Standard
Lake Norman photos

Lake Norman Real Estate’s May 2013 Calendar is Here!

Lake Norman Real Estate's May 2012 Calendar

May is a very special month in Lake Norman.   The warm weather entices boaters out on the lake where they will enjoy our spectacular, lush shorelines, with myriad Maple, Poplar, Cherry, Dogwood, Pine and other trees showing off their fresh, bright green leaves and blossoms as well as a profusion of colorful azaleas in bloom.  If you live in a waterfront home or have access to a boat, I highly recommend a day out hugging the shoreline and just soaking in all the beauty of Lake Norman in the spring!

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.  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

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s April 2013 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.

Lake Norman’s 2013 real estate sales have been strong since January 1st.  But, even more importantly, today’s level of activity in our Lake Norman for single family home sales continues to break records for post-recession Lake Norman. We currently have 295 homes under contract in all of Lake Norman which far surpasses any other time since the recession.  Buyers are out looking and making offers.    Let’s take a look at a snapshot of the past two weeks’ activity:

Lake Norman Real Estate’s Two-Week Hot Sheet

4/21/2013

Lake Norman Real Estate's April 2013 Hot Sheet

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

Standard
Relocating? Life in Lake Norman

Lake Norman’s Newest I-77 Exit 35 Due to Open in June!

Lake Norman's New Exit 35 Construction in Mooresville

Wow, how time flies!  Construction began on Lake Norman’s newest Exit 35 on I-77 in November of 2009 and officials now say it will be completed in mid-to-late June.   I took this photo yesterday at the actual intersection. As you can see, the work here is completed and the signs are even up and ready to go.

Seriously, there is some honest, well-deserved pride in the phrase “I survived the Brawley School Rd Widening”.  It took about 5 years but in just a few months the final phase will enable us to take our new, awesome, 4-lane divided Brawley School Road all the way to our new Exit 35 on I-77!  Owning a home, waterfront or not, down Brawley School road is now one of the very best options in all of Lake Norman.  We are close to great shopping, restaurants and the I-77, we have good schools, low taxes and are now even a destination for atheletes and cyclists thanks to our new bike lanes.  Not to mention that we are home to the gorgeous  Trump National Golf Club, Charlotte Lake Norman. Continue reading

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 1st Quarter 2013 Home Sales Analysis by Price

If you are a home buyer or seller in the Lake Norman 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 $700,000’s.  This is exactly the reason why I create a price-range analysis every quarter:

Lake Norman Real Estate's 1st quarter 2013 Sales Analysis by Price Range

*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.

** Compare this to 2012 1st quarter sales analysis of Lake Norman homes by price range

How to read this report:

  • First choose a price range.
  • The next column provides the actual number of listings sold in this price range in the 1st quarter of 2013
  • This is followed by the percentage this price range represents of the total number of listings sold in all of Lake Norman area 13
  • Next is the number of active listings in this price range
  • This is followed by the percentage this price range represents of the total number of active listings
  • Finally, the last column represent the absorption rate or the number of months of supply for each price range based upon the number of listings divided by the number of sales.

Some Findings: Continue reading

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s March 2013 Sales Analysis

The dynamics of our Lake Norman real estate market are definitely changing.  What started as an upward trend in sales and a downward trend in inventory of homes for sale in 2012 has given way to a true break through in so many aspects of our housing market.  There is a new sense of energy and hustle reminiscent of the good old days. For some Realtors the days of 24/7 have also returned.  I was so excited to get Easter off!

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 March 2013 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market:

Lake Norman Real Estate's March 2013 Sales Analysis

* Note that the Charlotte Regional Multiple Listing Service has created two new categories, Under Contract Showings (UCS) to continue and Under Contract no showings (UCNS). These replace the Contingent, Conditional and Pending categories.   Contingent Sales are now joined with Conditional sales in my reports.

Some significant additional statistics for you: Continue reading

Standard
Relocating? Life in Lake Norman

Davidson Farmers Market celebrates new season this Saturday, April 6th!

Davidson Farmer's Market in Lake Norman

 

Davidson Farmer’s Market has evolved from a dozen or so booths behind Summit Coffee on Main Street in 2008 to an amazing array of vendors from vegetable & fruit farmers, to eggs, poultry, meats, seafood, baked and prepared foods, cheese makers, flowers, a scuppernog winemaker and even two food trucks!

Lake Norman can now boast having a hip, fresh, healthy, mostly sustainable/organic, producer-only farmer’s market that features over 35 farmers and local producers from within a 100 mile radius of Davidson.

This Saturday’s opening day includes cooking demonstrations, music by popular local Americana/Bluegrass singer Rusty Knox, and newly added food trucks (Root Down and Hoomgrown Crepe will rotate every other week).

The Davidson Farmer’s Market is now every Saturday from 8am – Noon and is located next to Town Hall between Main & Jackson Streets.

For more information: Davidson Farmer’s Market or a great source for local news: DavidsonNews.net

Standard
Lake Norman photos

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

 

Lake Norman Real Estate's april 2013 Desktop Calendar

Lake Norman is not only a beautiful lake with wonderful waterfront communities, it is also close to so many other lifestyles and cities.  You don’t have to drive far from Lake Norman in any direction to find beautiful rolling farmland full of cotton, soybeans, corn and tobacco and picturesque old farms like the one above.  On the other hand, Charleston SC is less than 4 hours by car, Wilmington and other beach communities are about a 4-hour drive, Asheville and the Blue Ridge Parkway are about a 90-minute drive, Atlanta and Washington DC about 5 hours.

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 like this one.  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

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s March 2013 Hot Sheet is Here!

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 strong since January 1st.  But, even more importantly, today’s level of activity in our Lake Norman for single family home sales is very high. We currently have 271 homes under contract in all of Lake Norman which far surpasses any other time since the recession.  Buyers are out looking and making offers.    Let’s take a look at a snapshot of the past two weeks’ activity:

Lake Norman Real Estate’s Two-Week Hot Sheet

3/21/2013

Lake Norman Real Estate's March 2013 Hot Sheet

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

Standard