Just the facts about Lake Norman

Caution: Lake Norman Water Levels Unusually Low Due to Drought

Lake Norman water levels September 2015

 

Our recent moderate drought has hit Lake Norman particularly hard.  Today, according to Duke Energy’s daily lake level chartour lake is at 94.3 almost 4 feet below the target of 98.  If you look at the chart you will notice that Duke Energy has lowered Lake Norman’s level well below the other 16 lakes of the Catawba, Keowee-Toxaway & Broad River.  My guess is this may be in part because we have our dam so they are better able to control our levels and are allowing other lakes to retain more water in case the drought doesn’t end soon.

The wonderful photo above was shared by one of my new favorite Lake Norman blogs:  homeiswheretheboatis.net  in which readers are treated to fun and stunning photos of and articles about her dogs, food/recipes, home decor & decorating ideas, and life in Lake Norman. Continue reading

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Just the facts about Lake Norman, lake norman real estate

Why are Lake Norman’s water levels so low in February?

Lake Norman waterfront shoreline in  February

Isn’t it reassuring to know that Duke Energy, who controls Lake Norman’s water levels, has a well designed plan which is monitored daily?  I took this photo today while showing waterfront properties because you can clearly see the different colors of the shoreline riprap which mark the high, medium and lowest lake levels.  The orangish layer closest to the water is under water most of the year. Looking at this, newcomers might think that the lake is abnormally low right now which is true.  However, if all goes as planned February should have the lowest water levels of the year according to Duke Energy.  In fact, today, at 95.7, we are actually a foot above our “target” of 94.5.  The winter draw down of water levels helps us prepare for the spring runoff from the melting snow in the mountains. 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:

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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 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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