Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s September 2017 Market Report

September numbers are out! Here are what I feel are the biggest takeaways from last month’s Lake Norman real estate sales numbers:

  • We had another awesome month, logging in an all time September record of 194 closed sales of single family homes! (See green and yellow chart below).
  • At 1525 closed sales, our first 9 months of 2017 exceeded all previous years in Lake Norman’s history, even exceeding 2005’s previous record high by 7%.
  • My excitement about our luxury market last month has been tempered slightly as we currently has 29 properties over $1 million under contract down from 42 last month.
  • For the second straight month waterfront homes are in a sellers’ market but there are some worrisome signs that this momentum might not be sustained so it will be important to watch this trend going forward.
  • Our trade-up price ranges from $600,000-$999,999 represented almost 1/4 of our sales and our current properties under contract again showing signs of stability after many years of struggling to recover.

In a nutshell, these numbers mean that our overall strong sales are no longer erratic but instead impressively consistent in beating prior year’s numbers month after month.  While there is no guarantee that this will continue long term, they are still tremendous accomplishments for our Lake Norman real estate market.  It looks like 2017 will be the single best year for home sales in Lake Norman’s history. But I am not going to celebrate just yet as I want to watch the waterfront and luxury niches carefully to see if they can finally regain their pre-recession levels.

Let’s take a closer look:

Lake Norman Housing Report September 2017

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 2017 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 a mid-month pulse of our Lake Norman real estate market.  So where are we today?  After a stunning March, strong April and May, record-breaking June, strong July and August, it looks like this hot trend might continue through the rest of 2017. Let’s take a closer look:

Lake Norman Real Estate’s September 2017 Two-Week Hot Sheet

Lake Norman real estate Market Report

* 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. (September 8th – 22nd).  As always, I have included the past 6 months so that you can put these numbers in perspective. Below is the August chart using my data since 2010.

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s August 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 a mid-month pulse of our Lake Norman real estate market.  So where are we today?  After a stunning March, strong April and May, record-breaking June and strong July, it looks like this hot trend is continuing in August and beyond. Let’s take a closer look:

Lake Norman Real Estate’s August 2017 Two-Week Hot Sheet

Lake Norman Market Report for August 2017

* 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 – 22nd).  As always, I have included the past 6 months so that you can put these numbers in perspective. Below is the August chart using my data since 2010.

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s July 2017 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 a mid-month pulse of our Lake Norman real estate market.  So where are we today?  After a stunning March, strong April, great May and record-breaking June, it looks like this hot trend  is continuing in July and beyond. Let’s take a closer look:

Lake Norman Real Estate’s July 2017 Two-Week Hot Sheet

Lake Norman Real Estate July 2017 Market Report Hot Sheet

* 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. (July 7th – 21st).  As always, I have included the past 6 months so that you can put these numbers in perspective. Below is the May chart using my data since 2009.

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