Category Archives: Market Reports

lake norman real estate, homes, realty

Lake Norman Real Estate’s December 2011 Sales Analysis

By Diane Aurit | Published: January 6, 2012

December 2011 home sales in Lake Norman continued the downward trend started in November. After relatively strong sales since June, our Lake Norman housing market slowed considerably in the last two months of 2011.  At 60 closed sales, Lake Norman single family home sales were down 20% compared to last month’s 75. It is important to note that these numbers are [...]

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What Role Does Shadow Inventory Play in Lake Norman Real Estate?

By Diane Aurit | Published: January 4, 2012

  There was a rather disturbing article in Sunday’s Charlotte Observer:  Housing glut looms behind region’s ‘shadow inventory’.   It is not the whole issue of shadow inventory that is disturbing but rather the tone of the article, starting with the ominous title itself.  Home buyers are already extraordinarily nervous, why add relatively useless fuel to this fire? [...]

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

By Diane Aurit | Published: December 21, 2011

  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 [...]

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Lake Norman Real Estate’s November 2011 Sales Analysis

By Diane Aurit | Published: December 4, 2011

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

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

By Diane Aurit | Published: December 2, 2011

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

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