Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s October 2016 Market Report:

Lake Norman’s overall real estate market is still extremely active despite entering into our seasonally slower months. 4 of the past 5 months have beaten the same months in 2015 and 3 of the 4 by double digits! In October we closed 17% more home sales than last October and based upon our new contracts it looks like this momentum is going to continue throughout the next several months at least. Mercurial has been emphatically replaced by momentum as my favorite adjective to describe our current Lake Norman real estate market.  Let’s take a closer look:

Lake Norman Market Report October 2016

* All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you:

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 3rd Quarter 2016 Price Range Analysis: 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 $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:

Lake Norman’s 3rd Quarter 2016 Home Sales By Price Range

Lake Norman home sales by price range 3rd quarter 2016

*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 Real Estate Market Reports

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

Wow, I think Lake Norman’s real estate market is officially on a roll after a rather up and down first half of 2016.  Now 3 of the past 4 months have been record breaking and based upon our new contracts it looks like this momentum is going to continue throughout the next several months at least! Following an impressive 18% increase last month (compared to August 2015) we have already logged in 171 sales for September for a 13% increase over September 2015.  This is the highest number of single family home sales in the month of September since 2005 and when stragglers come in we may even beat that number! Mercurial has been replaced by momentum as my favorite adjective to describe our current Lake Norman real estate market.  Let’s take a closer look:

Lake Norman Real Estate Market Report September 2016

* All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you:

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s September 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.

I always get excited to do this Hot Sheet analysis each month because it provides me with the mid-month pulse of our Lake Norman real estate market.  So where are we today?  The numbers below seem to indicate that while the pace is slowing which is expected at this time of year, we are still looking very strong compared to all prior Septembers. Let’s take a closer look:

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s August 2016 Market Report is Up, Up and Up!

After being let down last month, August turned out to be a record breaking month for Lake Norman’s single family home sales; up an impressive 18%.  The new norm here seems to be an every other month record breaking high (June and August) or sadly weak month (May and July). I have used mercurial to describe our 2016 real estate market and August served to underscore this characteristic.  Let’s take a closer look:

Lake Norman Market Report August 2016

* All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you:

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s August 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.

I always get excited to do this Hot Sheet analysis each month because it provides me with the mid-month pulse of our Lake Norman real estate market.  So where are we today?  The numbers below give us a bit of a mixed message for this month but seem to support the up and down trend we have seen so far in 2016.  Sound familiar? Let’s take a closer look:

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

Lake Norman Hot Sheet Market Report for August 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. (August 8th – 22st. As always, I have included the past 6 months so that you can put these numbers in perspective. Below is the July chart using my data since 2009.

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s July 2016 Market Report: The Roller Coaster Continues!

Mercurial is the word that comes to mind when describing our 2016 Lake Norman real estate market.   After being teased with strong “under contract” and pending sales statistics but disappointing closed sales numbers all spring, it all turned around in June with a record high 210 closed sales only to suffer a 12% drop in closed sales in July! Once again we have record high numbers of properties “under contract” but when will they translate into closed sales? Let’s take a closer look:

Lake Norman Real Estate's Sales Analysis for July 2016

* All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you:

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