Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s November 2017 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 we are at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.

I always get excited to do this Hot Sheet analysis each month because it provides me with a mid-month pulse of our Lake Norman real estate market.  So where are we today?  After a truly record breaking first 10 months, it looks like our volume of sales has slowed with the season however they are still “hot” compared to prior Novembers. Let’s take a closer look:

Lake Norman Real Estate’s November 2017 Two-Week Hot Sheet

Lake Norman Real Estate Market Report

* 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. These numbers represent a real time snapshot of the past two week’s activity. (November 8th – 22nd).  As always, I have included the past 7 months so that you can put these numbers in perspective. Below is the November chart using my data since 2010.

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Lake Norman News, Events and Celebrations

Lake Norman’s Christmas, Holiday Parades, Events & Celebrations 2017!

Our Lake Norman communities offer an amazing array of festivities and celebrations during the holidays.  From small town parades to Christmas bazaars, old fashioned horse-drawn carriages, hot apple cider, carolers, Santa and even a sailboat parade, you will find myriad ways to celebrate your holidays. It is amazing how Santa gets around Lake Norman!

Here are some of the biggest to get you started:

Lake Norman's Birkdale Village Christmas Tree

Christmas Tree at Birkdale Village’s main square

 

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s October 2017 Market Report

October numbers are out! Here are what I feel are the biggest takeaways from last month’s Lake Norman real estate sales numbers:

  • We had another strong albeit not record-breaking month, logging in 167 closed sales of single family homes. (See green and yellow chart below).
  • While our numbers are good compared to the same month last year, there is no doubt that our overall housing market has slowed considerably with lower sales than the past 5 months.
  • At 1695 closed sales, our first 10 months of 2017 exceeded all previous years in Lake Norman’s history, even exceeding 2005’s previous record high by 6.2%.
  • What a freaky month when we look at price ranges.  A whopping 79% of our sales were under $600,000.  Then, seemingly out of nowhere, we had 7 sales OVER $2 million!
  • Our trade-up price ranges from $600,000-$999,999 simply disappeared after last month’s strong showing. So much for stability.
  • Waterfront homes fell back into a buyer’s market after two pretty strong months. Ups and downs and more ups and downs.

In a nutshell, these numbers mean that our overall strong sales in 2017 have been impressively consistent in beating prior year’s numbers month after month.  While there is no guarantee that this will continue long term, 2017 has really been a remarkable year for our Lake Norman real estate market. 2017 will be the single best year for home sales in Lake Norman’s history. That said, we still need to see consistent strength in our waterfront, trade-up and luxury niches for them to regain their pre-recession levels.

Let’s take a closer look:

Lake Norman real estate sales analysis October 2017

All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you:

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Lake Norman November 2016 Calendar for Desktop

Download this month’s Lake Norman calendar here

Fall is a very special season on Lake Norman.  The tree-lined shoreline becomes ablaze with vibrant shades of reds, oranges and yellows as our many Maple, Gum, Poplar and other stunning trees transform in preparation for winter with a back drop of our brilliant Carolina Blue Skies.  The reason many folks relocate to Lake Norman is because we do have 4 distinct seasons albeit very mild ones. Fall and Spring are definite my favorite times of year!

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Lake Norman photos

Lake Norman Real Estate’s November 2017 Calendar is Here!

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s October 2017 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 we are at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.

I always get excited to do this Hot Sheet analysis each month because it provides me with a mid-month pulse of our Lake Norman real estate market.  So where are we today?  After a stunning March, strong April & May, record-breaking June, strong July & August and record-breaking September, it looks like this hot trend is cooling off a bit along with our weather. Let’s take a closer look:

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 3rd Quarter 2017 Price Range Overview

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 3rd Quarter 2017 Home Sales By Price Range

Lake Norman home sales 3rd quarter 2017 by price range

*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:

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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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