Download this month’s Lake Norman calendar here
2014 turned out to be a very positive year for our Lake Norman real estate market. A 7.9% increase in the number of single family home sales over 2013 is a stronger showing than the national home sales. But what is really impressive is the fact that we actually exceeded all prior years back to and including 2007!
Here are some interesting charts that break down the data for you:
A bang. A BIG bang. After a significant slowdown in November, our Lake Norman real estate market ended 2014 with an explanation point by posting a 20% increase in sales over December 2013 and 25% higher than last month’s. With 120 closed sales, December 2014 didn’t just cream last year’s but all prior Decembers’ since 2006 and might even meet that month’s sales once our few stragglers are posted to our MLS in the next few days. Unfortunately, this trend probably won’t continue into January 2015. Let’s take a closer look:
Download this month’s Lake Norman calendar here
One quick look and you might think this amazing mountain is in the Blue Ridge Mountains but it isn’t. Pilot Mountain, which is considered one of the most distinctive natural features in North Carolina, is actually part of an ancient chain of Sauratown Mountains and is located northeast of Lake Norman in our beautiful Yadkin Valley known for its over 50 wineries including two in the town of Pilot Mountain population 1477! Pilot Mountain is part of the Pilot Mountain State Park where visitors can take a paved road to the visitor center and campgrounds or go further up to a parking lot on the ridge. Trails from there take you to the main Little Pinnacle Overlook and other viewing spots. Continue reading
* For 2015 Halloween Events go to: Lake Norman Halloween Happenings and Events 2015; BOO!
Lake Norman is a great place to celebrate Halloween. From haunted houses to old-fashioned Main Street celebrations to costume parties and live entertainment at local night clubs there truly is something for everyone!
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 have their own neighborhood events but here are some more options:
If you are in search of a pumpkin patch:
Or, just look to any of our many local produce stands like Josh’s Produce Market on Williamson Road in Mooresville who are brimming over with pumpkins and decorations for your Lake Norman home!
Of course, it would not be Halloween without some fun, and even spooky events for all ages and Lake Norman is full of options!
Change seems to be in the air in our Lake Norman real estate market. Lake Norman’s closed home sales have maintained historically strong numbers (post the recession) each month in 2013 but they are continuing their softening trend since our record setting high in May. While we still logged in some solid closed home sales numbers in September, we actually appear to be struggling right now to keep our sales up for the rest of this fall/winter above last year’s. At 104 single-family home sales in September we logged in the best September since 2007 and we may even equal 2007 once the late comers input their sales into the MLS but will we sustain this trend?
Let’s take a closer look at the numbers to glean some insight into the short term future and exactly where the Lake Norman housing market stands right now.
Here are the September 2013 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market:
* Note that the Charlotte Regional Multiple Listing Service created two new categories, Under Contract Showings (UCS) to continue and Under Contract no showings (UCNS). These replaced the Contingent, Conditional and Pending categories. Contingent Sales are now joined with Conditional sales in my reports.
Some significant additional statistics for you:
A closer look at the chart: Continue reading
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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market. These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.
Lake Norman’s 2013 real estate sales have been breaking records since January 1st. That said, it appears more likely at each passing month that our number of monthly home sales peaked in May and are now trending downward slightly each month. The numbers below further substantiate this although there is a slight uptick in new contracts. We currently have 217 single family homes under contract in all of Lake Norman which is a pretty significant drop from last month’s Hot Sheet number of 253, July’s 260, June’s 301 and May’s high of 330 but they are just about equal to our end of August number of 218. Are our sales leveling out rather than trending downward? Let’s take a look at a snapshot of the past two weeks’ activity:
Lake Norman Real Estate’s Two-Week Hot Sheet
* 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 (area 13). These numbers represent a real time snapshot of the past two week’s activity. (September 6th – 20th). As always, I have included the past 6 months so that you can put these numbers in perspective. Continue reading