Lake Norman Real Estate
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This is Lake Norman

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’s May 2015 Calendar is Here!

Lake Norman Waterfront view is this month's calendar

 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 property I am listing and I just couldn’t resist taking a photo!  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

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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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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:

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

Lake Norman single family home sales April 2015

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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:

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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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