Lake Norman Real Estate
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Everything you need to know about beautiful Lake Norman, NC including waterfront properties, relocation resources, local news, photos and my latest blog post…

Lake Norman Real Estate’s May 2015 Hot Sheet is Here!

Lake Norman Hot Sheet Home Sales

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 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:

Lake Norman Real Estate’s May 2015 Two-Week Hot Sheet

Lake Norman May Hot Sheet Home Sales

* 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. (May 7th – 21st). As always, I have included the past 6 months so that you can put these numbers in perspective.

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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.

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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

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

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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.

Those of you have been through the home buying or selling process before might appreciate the fact that as of August 1st there will be no more HUD-1 Settlement Statement, Good Faith Estimate and other forms that we have used for decades.  They are being replaced by two completely new forms: The Loan Estimate and The Closing Disclosure.

For those of you who are new to the home buying process, the bottom line is that our purchase and closing process will change so much that experts are saying everyone should add at least 15 days to the home purchase contract period to allow for all of the changes.

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