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 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 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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 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 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's Desktop Calendar for June 2015

Download this month’s Lake Norman calendar here

Lake Norman’s sunsets are always wonderful but to capture this moment of pure joy with the young boy’s outstretched arms is priceless. When you look at the boy you just can’t help but smile and feel uplifted by his happiness. What a great way to greet our summer of 2015 on Lake Norman!

This amazing 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 June 2015 Calendar is Pure Joy!

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s May 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.

So, wow. In May we have taken the ball and are running with it at record breaking speed as Lake Norman continues its strong housing sales activity which began at the beginning of the year.  It is not just the strong numbers that impress, but the consistency.   Rather than ups and downs in 2015 our market just keeps gaining momentum which truly is a first since 2006. We currently have a whopping 347 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 321. This is the highest number since the recession! What is equally important is our low number of active listings although they are growing.  Here are our 2-week Hot Sheet numbers: Continue reading

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lake norman real estate

How to Get Your Lake Norman Home on Zillow (Despite CMLS)

QR Code for Lake Norman waterfront  for sale

I recently wrote a post about the fact that our Carolina Multiple Listing Service had not come to an agreement with Zillow/Trulia and as of April 7th they were no longer sending our new Lake Norman listings to Zillow. So, over a month later, where do we stand and what is the reality of this severing of ties?

I was actually able to test it with a new waterfront listing of mine.  As always, I submitted it first to the Carolina MLS.  Again, as always, I created my new listing’s own website using VFlyer. (The QR Code above sends you to the site).  Within a day, I did a Google search for the address, 124 Sawyer Lane, and sure enough Zillow was the first result on page 1! Continue reading

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lake norman real estate, Relocating? Life in Lake Norman

Just When You Thought Lake Norman Couldn’t Get Any More Active… Welcome Trilogy!

Trilogy Lake Norman by Shea Homes

Whether you call it a “Premier Resort Community” or an “Active Lifestyle Community”, Lake Norman is finally going to have an active adult community designed to meet the needs of those who want to live in our wonderful Lake Norman area but seek a truly carefree lifestyle! Continue reading

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lake norman real estate, Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s Market Report April 2015

So, Lake Norman’s real estate market is still rocking!  We beat last April’s closed sales by 5% and just about matched last month’s stunning numbers. For the first time our April closed sales actually BEAT April 2007’s and logged in the best April since 2006. Our year-to-date 2015 closed single family home sales were 20.8% 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 match the highest number since the recession which was May 6th of 2013. Lake Norman’s housing market got crazy busy (my technical term for it) right after the holidays and we are now seeing this translated into not just closed sales but high numbers of new contracts as well. Let’s take a closer look:

Lake Norman Market Report April 2015

Lake Norman Market Report April 2015

* All data is from the Carolina Multiple Listing Service.

Continue reading

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Lake Norman Waterfront view is this month's calendar

Download this month’s Lake Norman calendar here

May in Lake Norman is when the lake really comes to life. Our shoreline’s profusion of lush green trees, Carolina Blue Skies, and warm weather lure even the most casual boaters out on the lake.  I was enjoying this amazing view a few days ago at a waterfront home I am listing and I just couldn’t resist taking a photo!  This is a great example of the best of life off of the Main Channel.  While it is just around the corner, wide coves like this one are perfect for those seeking a bit more serenity and sense of nature.  Continue reading

Lake Norman photos

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

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lake norman real estate

TRID is Coming August 1st Bringing HUGE Changes to our Lake Norman Home Buying Process!

Stealth Bomber

 

It has been called “the disclosure tsunami” but I fear it is more like a stealth bomber that the majority of Lake Norman Realtors and home buyers and sellers won’t see coming until it has already wreaked havoc on their lives. Despite the enormity of the new disclosure rules collectively known as TRID the result of combining the Truth in Lending/Good Faith Estimate and RESPA, in my opinion there is not nearly enough discussion, press coverage and public education going one right now given what is going to take place starting August 1. DELAYED to October 1st!!! Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s April 2015 Hot Sheet Reveals Interesting Trends!

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.

It looks like our April showers will bring not just flowers but many May home sales as Lake Norman continues it’s strong real estate activity. We currently have a whopping 321 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 245. This is the highest number since the recession! The strong activity I have noted since the first of the year just keeps gaining momentum. What is equally important is our record low number of active listings.  Here are our 2-week Hot Sheet numbers: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 1st Quarter 2015 Home Sales by Price Range

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 1st Quarter 2015 Home Sales By Price Range

Lake Norman home sales by price range 1st 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.  

How to read this report: Continue reading

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lake norman real estate

Why you might not find Lake Norman homes for sale on Zillow and Trulia

Lake Norman homes missing on Zillow and Trulia?

 

I work with a lot of buyers relocating to our wonderful Lake Norman area and without a doubt most of them use Zillow.com to search for homes.  But, some big acquisitions recently have created incredible drama and turmoil within the real estate industry and these are greatly impacting home buyers and sellers and they/you probably don’t even know it!

Okay, so here is the scoop:

Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s March 2015 Sales Analysis

Wow, Lake Norman’s real estate market is rocking!  We ended up March with an impressive 49% increase in closed home sales compared to last year’s AND a 57% increase over last month’s sales.   Once again in 2015 we logged in the best month’s sales since 2007 which means our 1st quarter 2015 closed single family home sales were 25.6% higher than the first quarter of 2014 and the best first quarter in Lake Norman since 2007.  Lake Norman’s housing market got crazy busy (my technical term for it) right after the holidays and we are now seeing this translated into closed sales but what about new contracts? Let’s take a closer look:

Lake Norman Market Report March 2015

Lake Norman Real Estate's March 2015 Market Report

* All data is from the Carolina Multiple Listing Service. Continue reading

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Lake Norman Real Estate's April 2015 Desktop Calendar

 

Download this month’s Lake Norman calendar here

Spring is finally here! April truly is my favorite month of the year here in Lake Norman. All of our trees turn the most brilliant shades of green, flowers abound and our Carolina Blue Skies and sunshine give me such a boost of energy.  While I love Lake Norman, I also enjoy driving out into the farmlands where you will see fields of yellow like this one above as mustard and various crops start to take over the rolling red soil fields.

This gorgeous 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 April 2015 Desktop Calendar is Here!

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s March 2015 Hot Sheet is Sizzling!

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.

With winter now in our rear view mirror, our Lake Norman real estate market is hopping like a happy Easter bunny!  You know it is a good market when I see not 1 but 3 updates on Facebook from local Realtors looking to hire assistants or team members in just this past week. We currently have 245 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 230, January’s 187, December’s 174, November’s  208, and October’s 262.  The strong activity I noted since the first of the year just keeps gaining momentum!  Here are our 2-week Hot Sheet numbers: Continue reading

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The Real Estate Process, Home Buying and Selling Tips

Lake Norman Home Inspections: Why the Challenges Never Change

Home inspections in Lake Norman

Home Buyer: “But when I sold my house I did ALL of the repairs.”

Buyer’s Agent: “My buyers want ALL of the items on the inspection report repaired because that is how I have always handled home inspections and I want to get the most for my client whether this is reasonable or not.”

Professional Home Inspector:“As a home inspector I have more and more liability so not only must I note every little thing I see, I also have to spell out the worst case scenario.  What if that tiny speck of fungus is mold?  Guilty until proven otherwise by the expert in each field. I can only point things out but I can’t tell you what’s really wrong because I am not an expert…call a licensed contractor.”

Listing Agent: “My sellers have taken good care of their home and this is an “as is” sale per the contract but I do need to urge my sellers to make the repairs because otherwise we may loose the buyer”.

 

I have been a full time Realtor since 1991 and for the most part these 4 perspectives really haven’t changed.  The result is a perpetuation of sometimes grueling negotiations, added stress for all parties and a solution that will require a complete and simultaneous mindset change by all 4 roles in the real estate sales process throughout the entire country. Yikes! Continue reading

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lake norman real estate

How to Search for a”Green” Home in Lake Norman

Green Homes in Lake NormanI’ll bet if I asked 50 people to define a “green” home I would be 50 different answers.  That is why I am particularly excited that our Charlotte Multiple Listing Service not just added a number of “Green” search and data fields for listings of single family homes including  Green Certifications, HERS Index ratings and a list  27 “Green Building Features” but also added definitions which helps both home buyers and Realtors better understand what is considered a “green” feature. While it will take time, more and more Realtors, builders and home sellers are going to take advantage of these fields making it easier for Lake Norman area home buyers to find them.  Here is the list directly from our CMLS. If you aren’t looking immediately, you might want to bookmark this list for the future! Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s February 2015 Sales Analysis: Good News?

A 22% increase in sales compared to last year, a 24% increase over last month’s sales and the best February since 2007?  Even sleet, snow, and unusually cold weather didn’t slow down our hot real estate market.  As I noted last month, Lake Norman’s housing market got crazy busy (my technical term for it) right after the holidays and we are now seeing this translated into closed as well as new contracts. Let’s take a closer look:

Lake Norman Market Report February 2015

Lake Norman Home Sales Analuysis

* All data is from the Charlotte Regional Multiple Listing Service. Continue reading

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The Real Estate Process, Home Buying and Selling Tips

The Due Diligence Fee: Non-Refundable and Very Unpopular with Lake Norman Home Buyers

Due Diligence Fee and Period for buying a home

 

In January of 2011 the North Carolina Association of Realtor’s completely redesigned the Offer to Purchase forms to be used when buying and selling single family homes in our state.  One of the hardest things to explain or justify to out-of-state buyers particularly is the non-refundable “Due Diligence Fee”.

So what is the Due Diligence Fee?  In short, it is a non-refundable fee that is given to the seller at the “effective” date of the purchase contract which is the day the agreement is signed and delivered back to the buyers or buyers’ agent.  If paying by check, the buyer makes the check payable directly to the seller.  It does not pass go nor go to an escrow account. The seller keeps it no matter what.  The good news is that this fee is negotiable and does get applied to the total purchase price. Continue reading

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lake norman real estate, Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s February 2015 Hot Sheet Analysis

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.

Despite the weather, February closed sales so far indicate that Lake Norman’s housing market is plugging along at a pace slightly better than last year’s. We currently have 230 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 187, December’s 174, November’s  208, and October’s 262.  While February is historically one of our lowest month for closed sales, activity is good.  Here are our 2-week Hot Sheet numbers: Continue reading

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Just the facts about Lake Norman

Snow in Lake Norman?

Weather is a big reason why so many people from all over the country move to our Charlotte Lake Norman area.  One common question is about our winters so when I just found this on the WNBC weather report this morning I knew I should share it!  As you can see, last year we had one big storm which brought in 9.3″ although at our house we measured 10″.  The most we have ever had in the past 2 decades is 14.5″.  So far this year we haven’t had any but forecasters are calling for about 1″ tomorrow night.  Sorry Boston, hang in there!

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s January 2015 Sales Analysis:

Our January closed sales really don’t tell the whole story of our current and near future Lake Norman housing market. While we are likely to just match last year’s and slip below January 2013’s in closed sales, it is our new contracts and the amount of showings and activity I have been seeing since the holidays that support where I feel we are heading in early 2015.   Let’s take a closer look:

Lake Norman Market Report January 2015

Lake Norman Market Report January 2015

* All data is from the Charlotte Regional Multiple Listing Service.

Some significant additional statistics for you: Continue reading

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Lake Norman February 2015  Calendary

Download this month’s Lake Norman calendar here

Continue reading

Lake Norman photos

Lake Norman Real Estate’s February 2015 Desktop Calendar is Here!

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s January 2015 Hot Sheet Analysis 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.

While our January closed sales so far are stable with last year’s, there is no doubt in my mind that Lake Norman home buyers have hit the ground running in 2015!   We currently have 187 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 174, November’s  208, and October’s 262.  While January historically is our lowest month for closed sales, our momentum has picked up rather quickly this year which bodes well for February and March. Here are our 2-week Hot Sheet numbers: Continue reading

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Lake Norman Real Estate Market Reports

What Trends Do We See in Lake Norman’s Waterfront, Distressed and New Construction Home Sales?

There are some positive and interesting Big Picture trends going on in our Lake Norman real estate market.  To help provide some insight I made these graphs comparing waterfront, distressed and new construction closed sales in 2014 to 2013:

Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 4th Quarter 2014 Price Range Analysis is a Great Tool for Buyers and Sellers!

If you are a home buyer or seller in the Lake Norman 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:

Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman’s 2014 Year-End Home Sales Were Up 7.9%!

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:

Single Family Home Sales by Year 2005 – 2014

Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s December 2014 Sales Analysis: A Bang or a Whimper?

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:

Lake Norman Market Report December 2014

Lake Norman home sales December 2014

Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s December 2014 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.

Wow, it is hard to believe that 2014 is almost over!   While we had a significant slowdown of home sales last month compared to prior months in 2014, our December real estate market looks to be ending our year on a high note. We currently have 174 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 208, October’s 262 and September’s 282.  Yes, we have hit our typical seasonal slow down. Here are our 2-week Hot Sheet numbers: Continue reading

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Relocating? Life in Lake Norman

Lake Norman’s Elephant in the Room; The “T” Word!

Elephant in the Room

Let’s face it, Lake Norman’s popularity and growth is a double-edged sword. On the one hand we celebrate the opening of our Whole Foods, Publix, myriad micro-breweries and restaurants, hotels, sports facilities, big box stores and so many businesses that are moving in to our greater Lake Norman Charlotte area.  At the same time, you can’t avoid the one big issue that comes hand-in-hand with these perks: TRAFFIC.   Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s November 2014 Sales Analysis: Seasonal Slowdown?

After a great ride, November applied the brakes on our Lake Norman real estate market. While we exceeded our closed sales for November 2013 we only had the third best November since 2005 after logging record sales monthly since June.  Let’s take a closer look:

Lake Norman Market Report November 2014

Lake Norman home sales analysis for November 2014

* All data is from the Charlotte Regional Multiple Listing Service. Continue reading

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lake norman real estate

How to Relocate to Lake Norman NC

Welcome to Lake Norman North Carolina!

Last week I drove to an unfamiliar small town east of Charlotte so that I could check out a new housing development for my buyers.  After I met with the builder and toured the subdivision I started to drive around to get a sense of what the area was like,  the proximity and type of shopping, restaurants and schools so that I could better compare it to a community by the same builder in Lake Norman that I know very well.  The sales rep was great about pointing out actual stores and restaurants on their map but I realized when I started to drive around that I really needed a tour from someone who knows the community! I wanted/needed the same kind of help/orientation I give to my clients during their first visits to Lake Norman. I know this sounds egotistical but seriously, I needed a Harrisburg version of me!

So what do I do that I needed so much? My Lake Norman orientation process has evolved and is unique for each client but the goals are still same: Help my relocating buyers to understand as much as they can about the nuances and personalities of the Lake Norman towns and neighborhoods and the home buying process in NC so that they can make informed decisions and find the best home/location to suit their specific goals and lifestyles. Here is a general outline of my orientation process: Continue reading

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Happy Holidays from Lake Norman Real Estate

Download this month’s Lake Norman calendar here

I wish all of you, my past, present and future clients and readers, a truly wonderful holiday season.  I am deeply grateful for your support and interest in all things related to Lake Norman and Lake Norman real estate!

I hope your holidays are filled with joy and happiness, love and good health!

Diane Holiday Signature

 

 

To make your desktop calendar just click on the link above and then right click and select “set as background”.

Continue reading

Lake Norman photos

Lake Norman Real Estate’s December 2014 Calendar is Here!

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s November 2014 Hot Sheet: Where are we headed?

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.

After an incredible string of months of very strong home sales in Lake Norman, November’s early numbers indicate we are finally experiencing the typical seasonal holiday slowdown. That said, we are still logging sales at a higher rate than prior Novembers. We currently have 208 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 262 and Septembers 282.  Here are our 2-week Hot Sheet numbers:

Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate Trends in Our Crescent Communities Say a LOT!

Entrance to The Point Luxury Waterfront Community on Lake Norman
For years, one of the best ways I have found to track Lake Norman’s real estate trends is to compare the largest of the waterfront Crescent Communities that were developed on all sides and corners of Lake Norman.  While our market has evolved, comparing home sales activity in The Point, The Harbour at The Pointe and The Farms in Mooresville, The Peninsula in Cornelius, Sailview in Denver, Northview Harbour in Sherrills Ford and Falls Cove in Troutman/Statesville provides valuable insight into these 5 Lake Norman towns and how each is recovering from or changing since the recession.

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Lake Norman photos

Lake Norman in the Fall? See for yourself!

As my husband and I were driving home from a lazy Sunday brunch at Sun Up Cafe yesterday, it seemed like the fall colors with the angle of the afternoon sun and blue skies were just too pretty to ignore. I spent the next several hours driving around the Brawley School Road neighborhoods in Mooresville capturing some of the beauty with my camera.  Who said you have to go to  the mountains to see colorful trees?  Enjoy!

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Lake Norman Real Estate Market Reports

Lake Norman’s October Home Sales 2nd Highest in 2014!

I must admit that our Lake Norman October closed home sales were so high that I keep re-doing the search in the MLS thinking there must be an error. Seriously, a 52% increase over October 2013, a 13.7% increase over last month AND the second highest month in all of 2014? I predicted October would be a great month because of the high number of homes under contract last month but even I didn’t expect them to be this high! Let’s take a closer look:

Lake Norman Market Report October 2014

Lake Norman Home Sales Chart for October 2014

* All data is from the Charlotte Regional Multiple Listing Service.

Some significant additional statistics for you: Continue reading

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Lake Norman Real Estate's November 2014 Desktop Calendar

Murray’s Mill Historic Site

Download this month’s Lake Norman calendar here

In keeping with the historic theme of my last article: Lake Norman Waterfront Lots for Sale: $795 and $10 Down,  I decided to choose this photograph of the Murray’s Mill Historic Site  ablaze with fall colors for this month’s calendar. If you are looking for a great place to picnic or enjoy a bit of local history, Murray’s Mill Historic Site in Catawba County includes the 1913 mill itself, the 1890s Murray & Minges General Store, the 1880s Wheathouse, used as an exhibit gallery, the 1913 John Murray House, furnished to the period, and numerous outbuildings. Continue reading

Lake Norman photos

Lake Norman Real Estate’s November 2014 Calendar is Here!

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Just the facts about Lake Norman, Relocating? Life in Lake Norman

Lake Norman Waterfront Lots For Sale: $795 and $10 Down!

Lake Norman waterfront home built in the 1970's

The house on the left was built in the late 1970’s and was torn down several years ago; replaced by a new home similar to the one on the right.

Can you imagine that in 1975 you could buy a waterfront lot on Lake Norman for under $1000? In fact, I have met a number of “locals” who sold their waterfront lots for even less than that thinking that they were pretty useless given how remote Lake Norman was before our Interstate I-77 was built.

So why am I writing about Lake Norman’s lot prices from 40 years ago?  It just happens that I attended a great panel discussion last week at Davidson College “Exploding Canons Under the Lake and also began reading the just released book about Lake Norman: A History of Lake Norman, Fish Camps to Ferraris.  I have always been struck by how important it is to put Lake Norman in its historical context to truly appreciate not just how lucky we are today but how many people and places were displaced and lives forever changed in order for us to enjoy our wonderful lives as “Lake People”. Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s October 2014 Hot Sheet: Signs of Fall?

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.

While not quite as strong as last month, our Lake Norman housing market continues to break with our typical seasonal slowdown.  We currently have 262 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 282 and August’s 247.  After an impressive surge in September we have slowed a bit but we are still out significantly pacing prior October’s. Here are the 2-week Hot Sheet numbers: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 3rd Quarter 2014 Sales Analysis by Price Range

If you are a home buyer or seller in the Lake Norman 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: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s September 2014 Home Sales Analysis: Impressive!

If there is any doubt in your mind that Lake Norman’s real estate market is in a sustained recovery our September 2014 home sales will put an explanation point on it. Not only were our September’s closed home sales  substantially higher than last September’s, but they topped even 2006’s and 2007’s! Add to this our very strong numbers of new contracts and pending sales and clearly our activity has not softened as it usually does in late summer early fall and is on pace with our past 4 months. Our Lake Norman housing market is now the most stable it has been since the recession. Let’s take a closer look:

Lake Norman Market Report September 2014

Lake Norman real estates market report

* All data is from the Charlotte Regional Multiple Listing Service.  Continue reading

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