Lake Norman April 2016 Desktop Calendar

Download this month’s Lake Norman calendar here

One of my favorite things about life in Lake Norman is my Certified Wildlife Habitat Garden.  It has grown over the past 10 years from red clay to an amazing retreat where I can enjoy myriad plants, flowers and Lake Norman’s wide array of birds, wildlife and butterflies without ever leaving my house.  Here is a photo of my pond and waterfall area from last April: Continue reading

Lake Norman photos

Lake Norman Real Estate’s April Calendar is for the Monarchs!

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s March 2016 Hot Sheet it 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 we are at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.

So, here are some very interesting numbers! They indicate that Lake Norman’s real estate market is HOT today but only after a potential hiccup for closed sales this month.  Let’s take a closer look:

Lake Norman Real Estate’s March 2016 Two-Week Hot Sheet

Lake Norman Hot Sheet March 2016

* 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. (March 8th – 22nd). As always, I have included the past 6 months so that you can put these numbers in perspective. Below is the March chart using my data since 2009.

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s February 2016 Market Report: So Far So Good!

To be perfectly honest, after such a great 2015 when we logged a healthy 7.3% increase over 2014,  I had some concerns about this year particularly given our extremely low inventory of active listings.  So far, however, these concerns have been unfounded.  After a positive January,  we were again in positive territory in February with a respectable 9% increase over February 2015 closed sales. In fact, this February we posted the strongest February since 2007.  But where are we trending for the next few months?  Let’s take a closer look:

Lake Norman Market Report February 2016

* All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you: Continue reading

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Lake Norman calendar of kayak at sunsetDownload this month’s Lake Norman calendar here

It’s time to start thinking about spring and getting back out on our beautiful Lake Norman.  From “cigarette” boats speeding up the main channel to kayaks like these on a quiet cove, Lake Norman offers something for everyone.  Photos like this can’t help but bring you a sense of peace and serenity.

This stunning photo was taken by renowned artist Cotton Ketchie, owner of Mooresville’s Landmark Gallerieswho 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 2014! He has myriad beautiful photographs like this one for sale as well as his wonderful watercolors and even North Carolina pottery. Continue reading

Lake Norman photos

Lake Norman Real Estate’s March 2016 Calendar is here!

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s February 2016 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 we are at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.

After a solid January, this 2-week snapshot of our Lake Norman real estate activity when compared to the past 6 months and past 6 February’s isn’t as impressive but rather indicates that at the moment we are merely maintaining the status quo.  Let’s take a closer look:

Lake Norman Real Estate’s February 2016 Two-Week Hot Sheet

Lake Norman Real Estate Hot Sheet for February 2016

* 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. (February 8th – 22nd). As always, I have included the past 6 months so that you can put these numbers in perspective. Below is the February chart using my data since 2010.

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Lake Norman Real Estate Market Reports, Lake Norman waterfront homes

Lake Norman’s Waterfront Home Sales 2005-2015: Interesting Insights!

During most of 2015 I noted, well complained, in my monthly Lake Norman market reports about our mercurial sales in luxury homes, the lack of inventory of good waterfront homes in the under $1 million price ranges and the historically low number of sales of waterfront homes as a percentage of our overall Lake Norman real estate market.  So, I decided it was time to take a look at Lake Norman’s numbers since 2005 of just our waterfront home sales.  The results are really fascinating if you like numbers!  Let’s take a closer look:

Lake Norman Waterfront Homes Sales 2005 – 2015

Lake Norman Waterfront real estate market report

*All date is compiled using the Charlotte Multiple Listing Service

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s January 2016 Market Report is Here!

While never in agreement, most economists and pundits do seem to conclude that 2016 will see only modest gains in the US housing market.  Here in Lake Norman, after booking a healthy 7.3% increase in home sales in 2015 over 2014, we have launched 2016 with a solid 10%+ gain over last January and logged the best January sales since 2007. This is doubly impressive given our continued extremely low inventory of active listings.  But where are we trending for the next few months?  Let’s take a closer look:

Lake Norman Real Estate's January 2016 Market Report

* All data is from the Carolina Multiple Listing Service.

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Lake Norman in the snow

Download this month’s Lake Norman calendar here

Yes, we do have snow here!  I actually took this photograph last year but our recent snow looked just about the same.  One of the top reasons that my relocating buyers give for wanting to live in the Lake Norman area is our 4 mild seasons and most of the time that is very accurate.  It just happens that once every winter recently we have had one “real” snow where is sticks and schools are closed.  We do own a snow shovel but this is our 11th winter here and we didn’t get it until last year! Continue reading

Lake Norman photos

Lake Norman Real Estate’s February 2016 Calendar is Here!

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s January 2016 Hot Sheet: Good News!

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.

So here we are starting a new year and and its as if someone just flipped a switch. We are only 21 days into 2016 and there is already concrete evidence that the Lake Norman real estate market is heating up quickly after a relatively soft 4th quarter. This is why I love these middle-of-the-month hot sheet reports, because they provide a great indication of where our market is trending, putting today’s hot sheet numbers in perspective not just with the past 6 months but all Januarys’ back to 2009.

Lake Norman Real Estate’s January 2016 Two-Week Hot Sheet

Lake Norman Hot Sheet home sales January 2016

* 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. (January 7th – 21st). As always, I have included the past 6 months so that you can put these numbers in perspective. Below is the January chart using my data since 2009.

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lake norman real estate, Lake Norman Real Estate Market Reports

Lake Norman’s 4th Quarter Market Report by Price Range: Great Tool for Buyers and Sellers!

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 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’s 4th Quarter 2015 Home Sales By Price Range

Lake Norman Home Sales by Price Range 4th Quarter 2015

*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.  Please note that these numbers are actually from the 15th of October to to the 15th of January so they will differ slightly from my monthly market reports. 

How to read this report:

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Lake Norman Real Estate Market Reports

How Does Lake Norman’s 2015 Housing Market Compare to 2014 and Our Peak 2006?

I wish I had a nickle for every time someone asks me about the Lake Norman real estate market today and how prices compare to our peak in 2006! The only way to truly answer these questions is to compare an entire year of sales.  This helps us to eliminate those pesky monthly ups and downs that can be impacted by one or two luxury home sales.

First, let’s look at how our 2015 real estate market of single family homes compared to last year:

2015 Versus 2014

Average

Lake Norman Real Estate's 2015 Year End Market Report

This chart compares the average of the 1594 homes sold in 2015 to the average of the 1484 sold in 2014.  As you can see, our volume of sales increased by 7% but our average sales price dropped by 3%.  The good news is that it took on average 9% fewer days for a Lake Norman home to sell this year versus last year.  A few more fun numbers: The average price per square foot in 2015 was $150.07 compared to 2014’s $149.32.  So, did our home values increase this year? Yes, by .5%.  And, in 2014 the average sales price to listing price was 96% and in 2015 is rose 1% to 97%. While subtle, these numbers indicate that homes are selling faster, for slightly more money and 1% closer to the listing price than in 2014. Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s December 2015 Market Report

Our Lake Norman home sales in December, while 6% below last year’s, were actually the highest monthly sales of our fourth quarter 2015 and the second best December since 2006. After an impressive first 9 months in 2015, our last three months just couldn’t match 2014’s exceptionally strong fourth quarter.  That said, given that our inventory of active listings is still insanely low (9% below last year’s), it is actually impressive that we logged as many sales as we did.  And, for the year, our 2015 closed single family home sales ended up 7.3% higher than 2014’s!  After 9 straight months of  beating the 2014 sales, October broke our winning streak but not enough to take away our annual sales increase.  Let’s take a closer look:

Lake Norman Real Estate's Market Report December 2015

* All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you:

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Lake Norman Real Estates's January calendar is sunset on boatsDownload this month’s Lake Norman calendar here

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Lake Norman photos

Lake Norman Real Estate’s January 2016 Calendar is Here!

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Lake Norman News, Events and Celebrations

Lake Norman Area New Year’s Eve Celebrations 2015/2016: More and Better Than Ever!

Lake Norman Area New Year's Eve 2016 Events

Attention!!!  Go here for our: Lake Norman Area  2016/2017  New Year’s Eve Celebrations!

 

Lake Norman and the greater Charlotte area don’t have just one major New Years’ celebration or event, instead we have myriad ways to celebrate on New Year’s Eve 2015 and New Year’s Day 2016. Our public celebrations are, for the most part, found at local restaurants and entertainment venues spread throughout Lake Norman and Charlotte. From cruises on our beautiful Lake Norman to elegant 5-course dinners to rockin’ oldies bands, there truly is something for everyone.

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s December 2015 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 we are at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.

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lake norman real estate, Lake Norman waterfront homes

Lake Norman’s Top 10 Most Expensive Home Sales in 2015

Lake Norman waterfront luxury estate at sunset

While Lake Norman is home to a wide variety of people and lifestyles, who doesn’t have fun looking at and learning about our luxury waterfront home sales?  Above and below are some of my favorite photos from the top 5 waterfront estates sold in 2015.

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s November 2015 Market Report

For only the second month this year our Lake Norman home sales fell short of the same month in 2014.  While not nearly as dramatic a decline as last month’s, as of today our closed sales are 6% below last November’s. Lake Norman is not alone in our fourth quarter slowdown as nationally sales have been slipping as well. Also worth noting: our 4th quarter 2014 was unusually strong (see the annual sales chart below) which makes this year’s numbers look even worse. Unfortunately, based on our pending sales, it is very doubtful that we will match December 2014’s close sales. Our inventory of active listings is still insanely low (9% below last year’s) which is and will continue to drag down our sales. Want some good news?  Our year-to-date 2015 closed single family home sales are still 8.3% higher than 2014’s!  After 9 straight months of  beating the 2014 sales, October broke our winning streak but not enough to take away our annual sales increase.  Let’s take a closer look:    

Lake Norman real estate market report November 2015

* All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you:

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Lake Norman Real Estate's December 2015 Desktop Calendar

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Lake Norman photos

Lake Norman Real Estate’s December 2015 Calendar is Here!

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s November 2015 Hot Sheet: Recovering?

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.

After being beaten up in October, our Lake Norman real estate market appears to be regaining some of it’s momentum. Historically, November is not a dynamic month for our Lake Norman housing market.  Since 2005 only 3 November total closed home sales exceeded October’s. My numbers in our October market report showed a huge drop in closed sales for the month compared to 2014 but also some optimism in the new contracts opened in the Lake Norman area.

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Lake Norman News, Events and Celebrations

Lake Norman’s Christmas and Holiday Events 2015 start this weekend!

For a list of 2016 Christmas and Holiday events go to : Lake Norman Christmas and Holiday Parades, Events and Celebrations 2016

 

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 2015 Market Report: An Anomaly?

So a month ago I wrote:  “October is really going to be ugly“.  Unfortunately, it was.  Sales were down 36% compared to October 2014 and 28.7% from last month. Because we had exceptionally strong home sales in October 2014, October 2015 looks REALLY bad however we actually logged in some respectable numbers when you look at Lake Norman’s October sales historically. (See annual sales chart below) . Our inventory of active listings is insanely low (10% below last year’s) which will also serve as another challenge to the rest of 2015 sales. If there is a silver lining  it is that after October, our sales in 2014 dropped significantly so there is a chance we can pull out ahead of  last year again in November and December. And, our year-to-date 2015 closed single family home sales are still 9% higher than 2014’s.  After 9 straight months of increases over 2014, October broke our winning streak.  However, things just may pick up based upon the numbers below. Let’s take a closer look:    

Lake Norman Market Report for October 2015

* All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you: Continue reading

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Lake Norman Sunset and Infinity Pool are November 2015's Calendar Image

Download this month’s Lake Norman calendar here

Luxury blends impeccably with Lake Norman’s natural beauty in a way that literally takes your breath away. So still the lake was during this sunset that the glass-like water of the infinity pool appears to stretch out for miles with just the distant lights on the shoreline marking it’s finale. Continue reading

Lake Norman photos

Lake Norman Real Estate’s November 2015 Calendar is Breathtaking!

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lake norman real estate

Is there Fracking in our Lake Norman area?

Exposed North Carolina Triassic Rift Basins

Despite being a mandatory disclosure since January, Lake Norman home buyers and sellers still understandably have a lot of questions about mineral rights.  I wrote in detail about it back in July: What Lake Norman Buyers and Sellers About Mineral, Oil and Gas Rights.  However I recently learned about this great North Carolina “Fracking Map” or technically a map of the Exposed North Carolina Triassic Rift Basins which, according to raftusa.org indicates where hydraulic fracking could occur in North Carolina.  Finally, an official resource!  According to this map there are no Triassic Basins in our Lake Norman area at all so it becomes a moot point for us. Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s October 2015 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 we are at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.

Historically, October is not a dynamic month for our Lake Norman housing market.  Since 2005 only 2 October total closed home sales totals exceeded September’s but unfortunately one was last October which happened to be the second highest sales month in all of 2014. My last few market reports revealed a slowing in our sales and overall activity and I even predicted that we were not going to match last October’s strong home sales in our Lake Norman area.  As of today we have 57 total closed sales since the first of October compared to last month’s 72, August’s 83 and 95 closed sales at the same time in July. As you can see below, we had the second highest 2-week hot sheet closed sales totals of all previous Octobers but significantly lower than the past two months 4 months of 2015. We currently have 216 single family homes under contract (sellers have accepted an offer but the sale is not complete) in all of Lake Norman compared to last month’s 247 and August’s 285. There is no doubt Lake Norman’s housing market has slowed down but not unusually so for this time of year. Let’s take a closer look:

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 3rd Quarter Home Sales by Price Range: Great tool for buyers and sellers!

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 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’s 3rd Quarter 2015 Home Sales By Price Range

Lake Norman home sales by price range 3rd Quarter 2015

*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.  

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Lake Norman News, Events and Celebrations

Lake Norman Halloween Events and Pumpkin Patches 2015: BOO!

Happy Halloween Lake Norman!

 

Click here for 2016 Halloween events!

 

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: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s September 2015 Market Report: Good News & Bad News

So here is the good news: Lake Norman squeaked by last September’s total home sales by 2% making it the 9th month in a row where we beat 2014 closed sales.  The bad news?  October is really going to be ugly.  Unfortunately, last October we had a particularly strong month and there is just no way we are going to be able to match those numbers this month given our low number of pending and newly under contract sales. Our inventory of active listings is insanely low (11% below last year’s) which will also serve as another challenge to the rest of 2015 sales. If there is a silver lining  it is that after October our sales in 2014 dropped significantly so there is a chance we can pull out ahead of  last year again in November and December. And, our year-to-date 2015 closed single family home sales are 14% higher than 2014’s.  For the first time since the recession, Lake Norman’s housing market has been consistently strong every month in 2015. Unfortunately, it has been trending downward in the last few months and is now looking rather feeble. Let’s take a closer look:    

September 2015 Sales Analysis framed on 5th

* All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you:

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Lake Norman Desktop Calendar October 2015

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Lake Norman photos

Lake Norman Real Estate’s October 2015 Calendar is Here!

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Relocating? Life in Lake Norman

My Favorite Things About Lake Norman: 10 Years and Counting!

Wow, I can’t believe that I have lived here for over 10 years!  When I first started writing this blog I was looking through the eyes of a new “transplant” from California.  So much has happened in these past years that I decided to make a new list of the top reasons why I STILL love living in Lake Norman.

Surrounded by Green   Lake Norman and lush green trees

I love our amazing hardwood trees, Fescue lawns and gorgeous natural areas with towering pine trees and picturesque native Dogwoods living in harmony with our Sugar Maples, Poplar Trees, Oaks and so many others. Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s September 2015 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 we are at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.

Historically our Lake Norman’s September home sales are always a bit lower than our peak Spring and Summer months and it looks like this month will be no exception.  Since 2005 only 2 September closed home sales totals exceeded August’s and they were during the recession years of 2008 and 2009. September has never had the highest annual sales in Lake Norman so clearly a slowdown is expected.   As of today we have 72 total closed sales since the first of September compared to last month’s 83 and 95 closed sales at the same time in July. Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s August 2015 Market Report: Does the Momentum Continue?

Well, yes and no, is the honest answer.  Yes, Lake Norman’s August closed home sales did exceed last August’s by 8% making it the 8th month in a row where we beat 2014 closed sales.  And, our pending sales are slightly better than last year. However, our  number of newly under contract homes fell 3% below last year’s which is the first indication that there may be a slowdown in Lake Norman’s horizon. So, while sales were up, they were not up by as much as prior months which may indicate that the impressive momentum we have enjoyed since January is beginning to slow.  That said, our year-to-date 2015 closed single family home sales are 15.8% higher than 2014’s.  For the first time since the recession, Lake Norman’s housing market has been consistently strong every month in 2015. But will it continue? Let’s take a closer look:

Lake Norman Home Sales Analysis

* All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you: Continue reading

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Just the facts about Lake Norman

Caution: Lake Norman Water Levels Unusually Low Due to Drought

Lake Norman water levels September 2015

 

Our recent moderate drought has hit Lake Norman particularly hard.  Today, according to Duke Energy’s daily lake level chartour lake is at 94.3 almost 4 feet below the target of 98.  If you look at the chart you will notice that Duke Energy has lowered Lake Norman’s level well below the other 16 lakes of the Catawba, Keowee-Toxaway & Broad River.  My guess is this may be in part because we have our dam so they are better able to control our levels and are allowing other lakes to retain more water in case the drought doesn’t end soon.

The wonderful photo above was shared by one of my new favorite Lake Norman blogs:  homeiswheretheboatis.net  in which readers are treated to fun and stunning photos of and articles about her dogs, food/recipes, home decor & decorating ideas, and life in Lake Norman. Continue reading

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Lake Norman real estate's September 2015 desktop calendar

Download this month’s Lake Norman calendar here

When I think of fall the Blue Ridge Mountains almost always come to mind first.  Yet another wonderful thing about living in the Lake Norman area is that the mountains are only about 2 hours away!  Whether you go for a day, a weekend or a long stay, a trip to our Great Smokey Mountains is a must do in the fall.  And, the good news is that this year is predicted to one of the best in years for color in quite a while due to the drought.  Want to know when to go for peak peeping? You need look no farther than our local TV weather experts who provide updates on their broadcasts and websites frequently to let us know the best time to peep.  Or, check out this Fall Color Map from Appalachian State’s Biology Department.  It looks like October is the month this year!

This gorgeous photo is of the Linn Cove Viaduct on the Blue Ridge Parkway.

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

To receive all of my updates about Lake Norman Real Estate, subscribe here

Lake Norman photos

Lake Norman Real Estate’s September 2015 Calendar is Here!

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s August 2015 Hot Sheet

Lake Norman real estate Hot Sheet report

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.

The August housing market in our Lake Norman area historically has been a bit schizophrentic.

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lake norman real estate

Trader Joe’s or Whole Foods; Which is Better for Homeowners?

What a great and creative analysis done by RealtyTrac!

Of course, it helps that I grew up with Trader Joe’s (Pasadena CA is where they began) and love Whole Foods so this study immediately got my attention.  But, my guess was that Whole Foods, being more expensive, would win over Trader Joe’s which is known for its great values in cool foods, wines and flowers.  After all, here in Lake Norman we just recently got a Whole Foods but the closest Trader Joe’s is down in the University area where there are more rental and lower priced properties.  Wrong!

In home appreciation, home values, and property taxes Trader Joe’s came out on top.  Hey Trader Joe’s, when are you coming to Lake Norman?

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s July 2015 Market Report: Looking Good!

Despite my earlier doubts, Lake Norman logged in another impressive number of home sales in July making this the 7th month in a row where we beat 2014 closed sales.  This July was also the strongest July for single family home sales since 2005 even exceeding 2006! (However, July was down 13.5% from June’s truly record breaking 193 sales.) The momentum since January continues for our Lake Norman real estate market and our new “under contract” numbers indicate that we should have another good showing for the next several months at least. Our year-to-date 2015 closed single family home sales are 16.5% higher than 2014’s.  Lake Norman’s housing market got crazy busy (my technical term for it) right after the holidays and unlike previous years has been consistently strong every month so far in 2015. Plus, our new contracts indicate that this trend will continue for at least another month or two. Let’s take a closer look:

Lake Norman home sales analysis July 2015

* All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you: Continue reading

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Lake Norman Sunset August Calendar 2015

Download this month’s Lake Norman calendar here

I never tire of seeing gorgeous Lake Norman’s sunsets as each one is special in their own way.  And, every photograph of a Lake Norman sunset captures a glorious moment in time to share with others.  Such is the case with this month’s desktop calendar! Continue reading

Lake Norman photos

Lake Norman Real Estate’s August 2015 Calendar is Here!

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lake norman real estate

How do Lake Norman home buyers learn how long a property has been on the market?

Lake Norman real estate icons

Our real estate industry loves using acronyms and lingo as if our clients completely understand us.  One area which is particularly confusing is the number of days a property has been on the market. For decades MLS’s only provided one number for us and that was the “days on market” or DOM as we call it. However, this number was recalculated every time a listing was taken off the market so the real “life of a listing” could be monkeyed with by the listing agents. In order to combat this problem and provide a true representation as to how long a property has been for sale, our Carolina Multiple Listing Services (Charlotte Regional REALTOR Association) now uses three different terms related to the time a property has been in the MLS : Days on Market, Cumulative Days on Market and List to Close.

Here is the definition of each of these terms: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s July 2015 Hot Sheet is Here!

Lake Norman real estate Hot Sheet report

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.

July is always an interesting month for our Lake Norman real estate market.  Since 2005 only 3 July home sales totals exceeded June’s and it looks like we will also experience a modest slowdown this month after a truly record breaking June closed sales of 191!  The strongest July closed sales prior to this year were in the past two years at 150 and 151. As of today we have 95 closed sales so I think we will definitely exceed prior Julys’. As you can see below, we had the highest 2-week hot sheet closed sales totals since January but are just slightly below last July’s. We currently have 286 single family homes under contract (sellers have accepted an offer but the sale is not complete) in all of Lake Norman compared to last month’s 325 and last July’s 290. While we have slowed I think we are still on pace with our strong 2014 late summer and fall sales.  What is equally important is our low number of active listings.  Let’s take a closer look: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 2nd Quarter 2015 Home Sales by Price-Range: A Must Have Tool for Buyers and Sellers!

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 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’s 2nd Quarter 2015 Home Sales By Price Range

Lake Norman market report 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: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s June 2015 Market Report; Record Breaking Sales!

Despite being up against a huge June 2014, we not only beat that number by 4% but we logged in the highest number of single family sales in one given month in Lake Norman since May 2006 and the 6th highest monthly sales in the past ten years! The momentum since January continues for our Lake Norman real estate market and our new “under contract” numbers indicate that we should have another good showing for the next several months at least. Our year-to-date 2015 closed single family home sales are 15.9% higher than 2014’s.  Lake Norman’s housing market got crazy busy (my technical term for it) right after the holidays and unlike previous years has been consistently strong every month so far in 2015. Plus, our new contracts indicate that this trend will continue for at least another month or two. Let’s take a closer look:

Lake Norman Real Estate's June 2015 Market Report Chart

* 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, The Real Estate Process, Home Buying and Selling Tips

What Lake Norman Buyers & Sellers Should Know About Mineral, Oil & Gas Rights

North Carolina's new Mineral Rights Disclosure image

 

Effective January 1st of this year, The State of North Carolina added a new disclosure form that must be signed by both parties of a residential property transaction as part of the initial purchase contract. The State of North Carolina Mineral and Oil and Gas Rights Mandatory Disclosure Statement   requires all sellers of  new or existing homes in North Carolina to disclose whether the mineral, oil and gas rights for the property are owned by someone other than the seller.

“The purpose of this new law is to protect the buyer. Property owners sometimes lease or sell the subsurface mineral rights on their property to a third party or company. This means that if sellers have “severed” their mineral rights, the third party or company could potentially have the perpetual right to drill, mine, explore and remove any of the subsurface mineral resources on or from the property. These mineral or materials could be extracted directly from the surface of the property or from a nearby location – even if the property is sold to a new owner.”

Okay, so why here and why now?  Continue reading

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 Tandem cyclists featured in Lake Norman Real Estate's July 2015 calendar

Download this month’s Lake Norman calendar here

Lake Norman is all about sports, especially in the summer.  As I was pondering what sport to highlight this month it hit me, not just the sport but the athletes! Continue reading

Lake Norman photos

Lake Norman Real Estate’s July 2015 Desktop Calendar is Awesome!

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s June 2015 Hot Sheet is Here!

Lake Norman real estate Hot Sheet report

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.

June is here and with it a record breaking heat wave!  But are Lake Norman home sales as hot as they have been?   I will have to say yes based upon our numbers below.  That said, it is not just the strong numbers that continue to impress, but the consistency.   Rather than ups and downs, in 2015 our market has gained and then kept solid momentum since January which truly is a first since 2006. We currently have a whopping 325 single family homes under contract (sellers have accepted an offer but the sale is not complete) in all of Lake Norman compared to last month’s 347. While this is a slight decline they are still the second highest number since the recession! What is equally important is our low number of active listings which are now actually dropping rather than increasing.  Here are our 2-week Hot Sheet numbers: Continue reading

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Lake Norman News, Events and Celebrations

Lake Norman’s 4th of July Fireworks and Celebrations 2015!

Lake Norman Fireworks and 4th of July Celebrations

 

For 2017 Fireworks, parades and celebrations go to:  Lake Norman’s 4th of July Fireworks and Celebrations 2017

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 SIX 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 2015: Continue reading

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lake norman real estate

Coming Soon? Pocket Listings? What Lake Norman Buyers and Sellers Need to Know!

 

Lake Norman home for sale sign with Coming Soon

 

When I first drove by and saw this sign on a new Lake Norman listing I was actually a bit surprised and decided it was time to write about listings like this one as well as what Realtors call “pocket listings” to give you all a heads up as to the whys and what’s related to these terms.

Okay so what is a pocket listing or a coming soon listing?  They are simply properties that are available for sale but are not yet listed in the MLS.  Here are my pros and cons: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s May 2015 Market Report: Wow!

Wow is right! Our Lake Norman’s real estate market which has been impressive since the year began just logged in double digit increases in not just closed sales but in new contracts and pending sales as well!  We beat last May’s closed sales by 17%, last month’s closed sales by 24.8% and nearly matched May 2013’s record breaking sales of 165.  We also beat May 2005’s closed sales. Once the stragglers log in I predict we will also exceed May 2007’s and perhaps match May 2013’s 165.  Our year-to-date 2015 closed single family home sales are 19.6% higher than 2014’s.  On top of these impressive numbers, take a look at what’s on the horizon. Our total number of properties currently under contract exceed the past two June 6th’s and are close to our record May 6th’s of 2013. Lake Norman’s housing market got crazy busy (my technical term for it) right after the holidays and unlike previous years has been consistently strong every month so far in 2015. Plus, our new contracts indicate that this trend will continue for at least another month or two. Let’s take a closer look: Continue reading

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lake norman real estate

Really Cool Real Life Examples of Home Value Trends in Lake Norman!

 

Lake Norman Waterfront Estate in The Point

The other day I noticed a newly listed waterfront property come up as “under contract” on the hot sheet after only 7 days. Impressive I thought to myself!  It is in a neighborhood I know well so I clicked on it and realized this property,  now listed at $950,000,  was the same property I has shown several times back in 2010 and 2011 that had finally closed at $740,000 on 5/03/11 after being on the market for almost a year.  Digging deeper I found that this waterfront property sold back in 2005 for $722,500.  So, is this 28% increase in value typical?  I sure don’t see this in the overall Lake Norman housing market reports I do.

Being the data geek that I am I decided to look at sales in the past few months, pick random properties, and look at their history to see more examples that might support the above property’s success.  Here are some of the more interesting ones I found.  I stuck with properties in Mooresville on the Lake Norman side of I-77 to be consistent and I looked at a variety of price ranges and both waterfront and off water.

Continue reading

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