Lake Norman Real Estate
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This is Lake Norman

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 4th Quarter 2017 Home Sales by Price Range

Lake Norman home sales buy price 4th quarter 2017

 

If you are a home buyer or seller in the Lake Norman area it really only matters what is happening in YOUR price-range. This chart provides valuable insight into each price range including which are in a buyer’s market versus seller’s market and can be a great tool for you to use when developing your best strategy! Continue reading 

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lake norman real estate, Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s December 2017 Market Report

December numbers are out and with them we now have a complete picture of 2017! Below are what I feel to be the biggest takeaways from last month’s Lake Norman real estate sales data:

  • We had an extraordinary, record-breaking month compared to all prior years, logging in 165 closed sales of single family homes in December. (See green and yellow chart below).
  • At 2006 closed sales in 2017 we ended up 17.24% above 2016’s total sales and logged in the highest annual volume of home sales in Lake Norman’s history, even exceeding 2005’s previous record high by 7.6%.
  • The average home price in Lake Norman was. 1/2 of 1% higher than 2016 and the median price was up 1.2%.  These are extremely modest gains.
  • Our trade-up price ranges dropped again after a good month.  The only thing consistent about this niche is their constant roller coaster ride of ups and downs.
  • Waterfront homes slipped back into a buyer’s market after two pretty strong months over the summer. Waterfront home prices have NOT recovered completely from their pre-recession highs.

While there is no guarantee that our high sales numbers will continue long term, 2017 was a remarkable year for our Lake Norman real estate market. That said, our prices have not risen at the same rate as Charlotte’s and the US and we still need to see improved consistency in our waterfront, trade-up and luxury niches for us to completely regain our pre-recession levels.

Let’s take a closer look:

Lake Norman Home Sales Market Report Dec 2017

All data is from the Carolina Multiple Listing Service.

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Lake Norman News, Events and Celebrations, lake norman real estate

Lake Norman 2017 Halloween Events, Pumpkin Patches and More!

Happy Halloween Lake Norman!

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 and communities around Lake Norman have their own neighborhood events that are really popular and are a great way to get to know your neighbors.  But here are some more options from kid-friendly to oh-so scary:

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lake norman real estate

Lake Norman Lake Levels: Important Update 4/5/2017

Lake Norman Lake Levels down

4/25/2017 Update:  I just checked and Lake Norman’s lake levels are up to 99.4′ thanks to our significant rainfall in the past few days.  Duke Energy provided updates for smaller lakes with some potential for flooding: Duke Energy Site.  They did not include Lake Norman or Lake Wylie in this warning. 

Duke Energy posted this important update for Lake Norman on April 3rd:

03-APR-17 Lake Normans elevation is expected to be lower than customary this year from mid April through early June. This is in part due to the Catawba River Basin being in a Low Inflow Protocol LIP drought Stage 1. Planned maintenance work at McGuire Nuclear Station requires the elevation not to exceed 96.5 ft. Once the outage is completed, we may be able to move the elevation closer toward the late spring target level of 98 ft weather permitting. Please be aware these projections can change based on actual rainfall and changes to the drought stage. Please stay alert to changing weather conditions. Updated lake levels are available any time at http://www.duke-energy.com/lakes/levels.asp and at 800-829-5253.

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Gorgeous Aerial Photo of Lake Norman

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lake norman real estate

Lake Norman Real Estate’s February Calendar is Here!

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Lake Norman Real Estate's Holiday Calendar 2016

Download this month’s Lake Norman calendar here

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lake norman real estate

Lake Norman Real Estate’s December 2016 Calendar: Happy Holidays!

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lake norman real estate, The Real Estate Process, Home Buying and Selling Tips

2 Marketing Tools that will set your Lake Norman home apart

Pool and rear view of the listing in The Point

I recently listed this beautiful home in The Point and had the good fortune of getting a full-price offer within 24 hours of it hitting the market.  At a price point that’s average days on the market is 212 days and the average listing- to-selling price is 95% for recent comparable sales I would say we did very well!  So was this pure luck? Perhaps, but I do believe that my seller’s and my efforts getting the property ready, staging and then going all out on the marketing didn’t hurt!

In this specific case we decided the gorgeous pool and outdoor fireplace/grill and bar were huge attributes given that these amenities didn’t exist in our competition. So, besides having the house and garden groomed to perfection I hired a wonderful stager to make everything inside “popped” while I focused on the pool area and the front door.  My inspiration was a recent Frontgate catalog and other photos on such online sites as Houzz.com. But all of this effort might have ended up under the radar of buyers if we hadn’t used two key marketing tools that are rather new to the Lake Norman area:

  • Aerial/Drone Photography and Professional Video
  • Matterport 3-D and 360 Virtual Tour

Of course, both of these required the expertise of a very talented photographer I was able to hire for the project.  He did all of the still photos, the drone aerial photos, created the video and took the Matterport 3-D photos.  The end result was pretty darn awesome!

Here is the video:

Below is the Matterport 3-D tour.  If you are not experienced viewing this type of marketing, I find it easiest to click on one of the photos and then use your up, down, right and left arrows to either take a good look of a room by doing a 360 degree scan or literally walk through the house from room to room and stop and turn whenever you want:

Lake Norman 3-D home tour

What is the take away? I can’t emphasize enough the importance of staging a home and then using the best marketing tools available that are appropriate for your property.  It is worth every penny!

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