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 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 Real Estate’s November 2017 Calendar is Here!

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s August 2017 Market Report

I usually introduce these market reports with basic numbers about the month.  But today, instead, I want to share with you what I feel are the biggest takeaways:

  • Lake Norman currently has 42 properties over $1 million under contract.
  • Waterfront homes are, for the first time since the recession, in a sellers’ market.
  • Our trade-up price ranges from $600,000-$999,999 represented almost 1/4 of our sales.
  • Finally, at 1329 closed sales, our first 8 months were the highest first 8 months in Lake Norman’s history, exceeding 2005’s by 6.6%.

In a nutshell, these mean that our waterfront, trade-up and luxury markets may finally be recovering after lagging for years, AND our overall strong sales are no longer erratic but instead impressively consistent in beating prior year’s numbers month after month.  While there is no guarantee that these will continue long term, they are still tremendous accomplishments for our Lake Norman real estate market.

Let’s take a closer look:

Lake Norman Market Report August 2017

All data is from the Carolina Multiple Listing Service.

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