Lake Norman Real Estate
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Everything you need to know about beautiful Lake Norman, NC including waterfront properties, relocation resources, local news, photos and my latest blog post…

Lake Norman Real Estate’s Market Report for May 2018…Strong Numbers!

Lake Norman Real Estate sales analysis for May 2018

All data is from the Carolina Multiple Listing Service.

After the ups and downs of the first 4 months of 2018, our Lake Norman home sales for May indicate that we are in for some consistently strong sales through summer.  We matched last May’s home sales which were a record-breaking month.  And, at the same time, we posted a 19.2% increase over last month’s home sales.  Overall our market has stabilized and our current momentum bodes well for the summer months.

Here are what I feel to be the biggest takeaways from last month’s Lake Norman real estate sales data:

  • May’s strong home sales reflect a strengthening of our overall Lake Norman housing market after a roller coaster ride at the beginning of the year.
  • Our inventory of active listings remains alarmingly low (100 fewer than last year!) and it is not increasing as it should at this time of year yet we are still logging strong sales.  It is hard to quantify but there is no doubt that low inventory does have a negative impact on our Lake Norman’s home sales.
  • We currently have a record-breaking number of “under contract” or “pending” homes which indicates we will see very strong closed sales in the next few months.
  • Our trade-up and luxury markets posted some good numbers supporting my feeling that these niches are finally recovering from the recession.
  • I want to share with you this great interactive calculator for determining rent vs. own costsfrom the New York Times!

Let’s take a closer look:  Continue reading 

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s May 2018 Market Report

After the ups and downs of the first 4 months of 2018, our Lake Norman home sales for May indicate that we are in for some consistently strong sales through summer.  We matched last May’s home sales which were a record-breaking month.  And, at the same time, we posted a 19.2% increase over last month’s home sales.  Overall our market has stabilized and our current momentum bodes well for the summer months.

Here are what I feel to be the biggest takeaways from last month’s Lake Norman real estate sales data:

  • May’s strong home sales reflect a strengthening of our overall Lake Norman housing market after a roller coaster ride at the beginning of the year.
  • Our inventory of active listings remains alarmingly low (100 fewer than last year!) and it is not increasing as it should at this time of year yet we are still logging strong sales.  It is hard to quantify but there is no doubt that low inventory does have a negative impact on our Lake Norman’s home sales.
  • We currently have a record-breaking number of “under contract” or “pending” homes which indicates we will see very strong closed sales in the next few months.
  • Our trade-up and luxury markets posted some good numbers supporting my feeling that these niches are finally recovering from the recession.
  • I want to share with you this great interactive calculator for determining rent vs. own costs from the New York Times!

Let’s take a closer look:

Lake Norman Real Estate sales analysis for May 2018

All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you:

Continue reading

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Lake Norman Real Estate's Desktop Calendar for June 2018

Download this month’s Lake Norman calendar here

June in our Lake Norman area is all about the lake!  From boating to kayaking to paddle boarding to sailing, just about any recreation you can think of related to water you will see it all happening this month on Lake Norman.  Here are a few links to get you started:

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

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

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Lake Norman Real Estate’s June 2018 Calendar

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s April 2018 Market Report

We are now in our most active months for our Lake Norman area’s housing sales. After a dip in January, a jump up in February and a drop in March, our April Lake Norman real estate market followed this roller coaster pattern by posting a 5% gain over April 2017’s sales. And, we posted a 19.2% increase over last month’s home sales. So will this pattern continue?  Hopefully this month’s market report will provide us some insight as to what lies ahead.

Here are what I feel to be the biggest takeaways from last month’s Lake Norman real estate sales data:

  • April’s closed home sales were the highest April since 2005 even beating out last year’s 154. And, they are 19.2% higher than last month as well.
  • Our inventory of active listings remains alarmingly low and is not increasing as it should at this time of year; currently 11% below last year’s which were also historically low.  It is hard to quantify but there is no doubt that low inventory does have a negative impact on Lake Norman’s home sales.
  • We may continue to experience an up one month and down the next for at least the short term given our lower Pending numbers.
  • With 7 sales over $2 million we just might be experiencing a true return of our luxury housing market!

Let’s take a closer look:

Lake Norman April 2018 Home Sales Analysis

All data is from the Carolina Multiple Listing Service.

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Lake Norman Waterfront Photo calendar

Download this month’s Lake Norman calendar here

It is days like this one above when I am reminded just how lucky I am to be a Realtor here in Lake Norman.  Imagine being able to enjoy views like this one while working!  I took this photo from a very special property being purchased by one of my very special buyers. The trees are turning green and the beautiful azaleas like this one are starting to bloom which make the Lake Norman shoreline so colorful at this time of year.  Every season at Lake Norman has its own character and beauty but this is by far my favorite!

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Lake Norman photos

Lake Norman Real Estate’s May 2018 Calendar

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 1st Quarter 2018 Sales by Price Range

If you are a home buyer or seller in the Lake Norman area it really only matters what is happening in YOUR price-range. Yes, it is important to know about the global economy, the national economy and the Charlotte area economy and real estate market but real estate is hyper-local here so it is most meaningful for you to learn about the Lake Norman real estate market and within that, your specific niche. For instance, if you are looking to buy or sell in the $700,000 price range, you are going to have an entirely different experience than someone in the $800,000’s. This is the reason why I create a price-range analysis every quarter for my readers and clients:

Lake Norman’s 1st Quarter 2018 Home Sales By Price Range

Lake Norman home sales by price range for 1st quarter 2018

*Compiled from the Carolina Multiple Listing Service’s data, this chart enables you to focus on your specific price range(s) rather than use the broad-brush approach thus allowing you to size up your competition and better position yourself.  

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 2018
  • This is followed by the percentage this price range represents of the total number of listings sold in all of Lake Norman
  • Next is the number of active listings in this price range today
  • 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 months so you can use this to gauge your price range).

Continue reading

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lake norman real estate

Lake Norman Real Estate’s March 2018 Market Report

We are now entering our most active months for our Lake Norman area’s housing sales. After a dip in January and a jump up in February our Lake Norman real estate market once again took a hit in March when compared to March 2017’s sales. However, to be fair, this was expected due to March 2017’s exceptionally strong month so while 134 closed sales are disappointing they are certainly respectable when compared to previous month’s since the recession.

Here are what I feel to be the biggest takeaways from last month’s Lake Norman real estate sales data:

  • March’s closed sales were 29% lower than March 2017 but 17.5% higher than last month’s.
  • Our inventory of active listings remains alarmingly low; currently 3% below last year’s which were also historically low.  It is hard to quantify but there is no doubt that low inventory does have a negative impact on Lake Norman’s home sales.
  • After a strong February, as I predicted, we didn’t come close to meeting March 2017’s huge, record-breaking 188 closed sales.
  • What the heck is going on with our waterfront market? Yikes!  (See below)
  • Our trade-up ($600,000 – $999,000) and luxury price ranges were once again weak after a slight uptick last month. The only thing consistent about our higher price ranges is their constant roller coaster ride of ups and downs.

Let’s take a closer look:

Lake Norman Real Estate Home Sales Analysis

All data is from the Carolina Multiple Listing Service.

Continue reading

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Lake Norman Real Estate's April 2018 Desktop Calendar

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Lake Norman Real Estate’s April 2018 Calendar is Blooming!

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s February 2018 Market Report

After a dip in January our Lake Norman real estate market kind of looks like it is back on track posting 60% more closed sales than February 2017. It is important to note, however, that February 2017 was a very weak month so while 112 closed sales is impressive, it is not quite as significant as it appears. There are also some indications in the numbers below that our short term market may struggle to meet last year’s record-breaking sales.

Here are what I feel to be the biggest takeaways from last month’s Lake Norman real estate sales data:

  • February closed sales were 60% higher than February 2017 and 13% higher than last month’s.
  • Our inventory of active listings remains alarmingly low; currently 11% below last year’s which were also historically low.  It is hard to quantify but there is no doubt that low inventory does have of a negative impact on home sales.
  • While we had a strong month, I foresee a rocky next couple of months ahead.
  • Our trade-up price ranges $600,000 – $999,000) this month were weak again as a group.  The only thing consistent about this niche is their constant roller coaster ride of ups and downs.
  • Waterfront home sales volume is down quite a bit as is our inventory which could present challenges for this spring.

Let’s take a closer look:

Lake Norman real estate housing report

All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you:

Continue reading

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Lake Norman News, Events and Celebrations

Lake Norman Area St. Patrick’s Day Parades Festivals and Celebrations 2018

Lake Norman St. Patrick's Day Celebrations

It turns out that this year this Saturday the 10th is a big day for St. Patrick’s Day celebrations!

Start your St. Patrick’s Day celebrating this Saturday at the 6th annual St. Patrick’s Day parade in Downtown MooresvilleThe March 10 event begins at 3 p.m. and will roll down Main Street from Town Hall to Center Avenue. The parade will feature Grand Marshal Margaret Shannon, a leader within the Irish community in the New York/New Jersey area and, for the past 27 years in the Carolinas.  The parade will also include the Connick School of Irish Dance, Ceol na Gael pipers band led by Frank Keenan, the West Iredell 4-H Club, Acrofitness, the Knight of Columbus, and several pageant queens, including the 2016 Miss Iredell County Agricultural Fair Queen Kristy Leigh Smith, and Miss Teen North Carolina Earth Arianna Alverez. Food vendors will be on hand and area businesses will be offering special goodies for sale to those visiting downtown for the festivities. Some of those include Cyn Tucci’s Bakery, which will have St. Patrick’s Day cookies; Tim’s Table, selling scones; and The Pushcart, offering hot dogs.   Several parade participants, the Connick School of Irish Dance and the Ceol na Gael pipers band, will circle back to the Wells Fargo Bank area, where they will perform for the public. Main Street from Moore Avenue to Center Avenue will remain closed until 4:30 p.m. for those performances.  Parade organizer Esther Murphy said she is eager for people to “experience the Irish culture, enjoy the dancers and the pipers and make some new friends.”

For the 21+ crowd one event always stands out: Galway Hooker’s 16th Annual St. Patrick’s Day Festival. “You can’t get a bigger, better Irish experience anywhere unless you were in Ireland itself! Our Pub was originally located in Ireland, deconstructed and shipped on a huge cargo ship over to the location it sits at now and reconstructed right here in Lake Norman. Step inside and you’ll feel like you just stepped into an authentic Irish Pub, because you did! Get ready for the areas LARGEST block party – our 15th annual St. Patrick’s Day Party! You don’t want to miss this legendary experience: Irish dancers, bagpipers, games, contests, authentic Irish fare, beer-a-plenty, live music and DJ’s throughout the day! There is no where else to be this St. Pat’s but the Hooker!”

But, while Galway Hooker’s may be the largest, there are so many other ways to celebrate, some of which don’t even involve drinking!

Probably the best way to actually celebrate ON Lake Norman would be Queen’s Landing’s St. Patrick’s Day Cruises on Lake Norman.

Or, for a more historic way to celebrate check out the Latta Celtic Festival.   The Latta Celtic Festival runs March 17th & 18th (10am-4pm)  This is it, the event you’ve been waiting all year for, it’s back… The Latta Celtic Festival. For the last six years spectators from near and far have made their way to Historic Latta Plantation in celebration of the Celtic culture James Latta once hailed from. Just in time for St. Patrick’s Day, you can celebrate all things Celtic by enjoying live music, food and beer vendors, arts and crafts vendors, historic Celtic warriors and heritage demonstrations. Children will enjoy story times, dancing, visiting the farm animals and more. This year our Celtic Festival will feature a special Sunday performance by Master Fiddler Jaime Laval.

Looking for celebrations actually on March 17th?

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Lake Norman Real Estate Calendar Photo

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Lake Norman Real Estate’s March 2018 Calendar

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s February 2018 Hot Sheet

Lake Norman Hot Sheet Home Sales

I always get excited to do a Hot Sheet analysis because it provides me with a mid-month pulse of our Lake Norman real estate market.  So where are we today? After a sluggish January, it looks like we may have another month of relatively weak closed sales but there are some positive signs for the future. Let’s take a closer look: Continue reading

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Lake Norman real estate desktop calendar for February 2018

Download this month’s Lake Norman calendar here

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Lake Norman Real Estate’s February 2018 Calendar!

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Lake Norman Real Estate Market Reports

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

If you are a home buyer or seller in the Lake Norman area it really only matters what is happening in YOUR price-range. Yes, it is important to know about the global economy, the national economy and the Charlotte area economy and real estate market but real estate is hyper-local so it is most meaningful for you to learn about the Lake Norman real estate market and within that, your specific niche. For instance, if you are looking to buy or sell in the $700,000 price range, you are going to have an entirely different experience than someone in the $800,000’s. This is the reason why I create a price-range analysis every quarter for my readers and clients:

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

Lake Norman home sales buy price 4th quarter 2017

*Compiled from the Carolina Multiple Listing Service’s data, this chart enables you to focus on your specific price range(s) rather than use the broad-brush approach thus allowing you to size up your competition and better position yourself.  

Continue reading

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Happy New Year from Lake Norman Real Estate

 

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Lake Norman Real Estate’s January 2018 Calendar

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