Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s November 2017 Market Report

November numbers are out! Below are what I feel to be the biggest takeaways from last month’s Lake Norman real estate sales data:

  • We had another record-breaking month compared to prior years, logging in 140 closed sales of single family homes in November. (See green and yellow chart below).
  • Compared to our peak in June, there is no doubt that our overall Lake Norman housing market has experienced the typical seasonal slowdown since September.
  • At 1837 closed sales, our first 11 months of 2017 exceeded all previous years in Lake Norman’s history, even exceeding 2005’s previous record high by 6%.
  • Our trade-up price ranges from $600,000-$999,999 bounced back after an abysmal October but other price ranges dipped. So much for stability!
  • Waterfront homes remain on the cusp of a balanced/buyer’s market after two pretty strong months over the summer. 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 which posted its 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 us to completely regain our prerecession levels.

Let’s take a closer look:

Lake Norman Real Estate Home Sales Report

All data is from the Carolina Multiple Listing Service.

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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 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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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s August 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.

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 and May, record-breaking June and strong July, it looks like this hot trend is continuing in August and beyond. Let’s take a closer look:

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

Lake Norman Market Report for August 2017

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

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