Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s August 2017 Market Report

I usually introduce these market reports with basic numbers about the month.  But today, instead, I want to share with you what I feel are the biggest takeaways:

  • Lake Norman currently has 42 properties over $1 million under contract.
  • Waterfront homes are, for the first time since the recession, in a sellers’ market.
  • Our trade-up price ranges from $600,000-$999,999 represented almost 1/4 of our sales.
  • Finally, at 1329 closed sales, our first 8 months were the highest first 8 months in Lake Norman’s history, exceeding 2005’s by 6.6%.

In a nutshell, these mean that our waterfront, trade-up and luxury markets may finally be recovering after lagging for years, AND 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 these will continue long term, they are still tremendous accomplishments for our Lake Norman real estate market.

Let’s take a closer look:

Lake Norman Market Report August 2017

All data is from the Carolina Multiple Listing Service.

Continue reading

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s July 2017 Market Report

After June’s highest monthly home sales in Lake Norman’s history, we closed a respectable 180 single family homes in July but it was only the second best July since 2005. No new records set. :-). That said, our July sales were 15% higher than last July’s! 6 out of the first 7 months of this year our sales exceeded 2016’s.  We were up against a huge May 2016 of 211 and managed to exceed that by a respectable 7%.  Over all, home sales in the first 7 months of 2017 were 19.7% higher than 2016’s.  AND, at 1119 closed sales, our first 7 months were the highest first 7 months in Lake Norman’s history!  Let’s take a closer look:

Lake Norman Real Estate Sales Spread Sheet July 2017

All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you:

Continue reading

Standard

Lake Norman Aerial photo calendar

Download this month’s Lake Norman calendar here

How cool is this photo?  Simple breathtaking! I recently discovered Legacy Biplane Rides  when I happened upon one of their aerial photos of Lake Norman. So, I reached out to the owner, Brian Rosenstein <brian@legacybiplane.com> and he generously shared this amazing photo with me for my Lake Norman Real Estate’s August calendar.  I can’t describe his services better than he does on their website:

Welcome to Legacy Biplane LLC, Charlotte’s only open-cockpit biplane ride operator! Come fly with us in our vintage 1943 Boeing Stearman and see the sights around the Charlotte area through the wings, wires, and struts of this iconic biplane. Experience the thrill and romance of flying like our ancestors did during the golden age of flight! 

At Legacy Biplane LLC, we are passionate about the history of aviation and committed to giving you an experience that you’ll remember forever. Flying our biplane is like riding in a time-machine and we are dedicated to your safety and comfort!! Please browse our website, get to know your pilot, our airplane, and be sure to visit our Frequently Asked Questions page. Never hesitate to contact us with additional questions or to book your once-in-a-lifetime open-cockpit biplane experience! 

“I fly because it releases my mind from the tyranny of petty things.”~ Antoine de Saint-Exupry

Want to learn more?  I can tell you that he offers 30 minute sightseeing tours for $250.  Check out their Facebook Page for more details.  

I love finding new and exciting ways to enjoy our awesome Lake Norman!  If you take a ride, let me know and send photos!

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

I would love to use one of your favorite photos depicting life here in Lake Norman. (Optimum size is a landscape photo about 2MB or about 1600 x 1200 pixels). I will give a $25 Gas Card to anyone who provides a photo that I use as one of my monthly calendars. If you’d like to submit a photo or an idea for a future calendar, please send it to…diane@dianeaurit.com

To receive all of my updates about Lake Norman Real Estate, subscribe here

 

Lake Norman photos

Lake Norman Real Estate’s August 2017 Calendar!

Image
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 1st Quarter 2017 Market Report by Price Range: Great 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 for you 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 $900,000 price range, you are going to have an entirely different experience than someone in the $800,000’s. This is the reason why I create a price-range analysis every quarter for my readers:

Lake Norman’s 1st Quarter 2017 Home Sales By Price Range

Lake Norman Real Estate's 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.  

Continue reading

Standard
Lake Norman Real Estate Market Reports, Lake Norman waterfront homes

Lake Norman Waterfront Home Sales 2005-2016: Interesting Insights!

Waterfront homes are a part of what makes Lake Norman so popular.  What an amazing lifestyle they offer!  Yet, during most of 2016  I once again noted, well complained, in my monthly Lake Norman market reports about our mercurial sales in luxury homes, the lack of inventory of good waterfront homes in the under $1 million price ranges and the historically low number of sales of waterfront homes as a percentage of our overall Lake Norman real estate market.  So, what is up with waterfront homes?  Now that 2016 is in the books I have put our 2016 waterfront home sales numbers in context with the past 11 years.  The results are really fascinating if you like numbers!  Let’s take a closer look:

Lake Norman Waterfront Homes Sales 2005 – 2016

Lake Norman waterfront home sales chart by year

*All date is compiled using the Charlotte Multiple Listing Service

A closer look by vertical columns of this chart:

Continue reading

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s March 2016 Market Report: Sales Dip Sharply

So, we saw it coming in my mid-month hot sheet analysis, but the closed sales numbers for this March compared to March 2015’s were down right abysmal as -29%. That said, it is important to consider the fact that last March Lake Norman posted exceptionally high closed home sales. This year’s March numbers are as much about the huge sales we are up against as they are about the fact that we experienced a dip in momentum in late January/February resulting in lower March closed sales.  I am positive this dip is short lived because we currently have 297 homes under contract compared to last year’s 272. Clearly we are now on a terror!  Let’s take a closer look:

Lake Norman Real Estate March 2016 Home Sales Analysis

* All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you:

Continue reading

Standard
Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s October 2015 Market Report: An Anomaly?

So a month ago I wrote:  “October is really going to be ugly“.  Unfortunately, it was.  Sales were down 36% compared to October 2014 and 28.7% from last month. Because we had exceptionally strong home sales in October 2014, October 2015 looks REALLY bad however we actually logged in some respectable numbers when you look at Lake Norman’s October sales historically. (See annual sales chart below) . Our inventory of active listings is insanely low (10% below last year’s) which will also serve as another challenge to the rest of 2015 sales. If there is a silver lining  it is that after October, our sales in 2014 dropped significantly so there is a chance we can pull out ahead of  last year again in November and December. And, our year-to-date 2015 closed single family home sales are still 9% higher than 2014’s.  After 9 straight months of increases over 2014, October broke our winning streak.  However, things just may pick up based upon the numbers below. Let’s take a closer look:    

Lake Norman Market Report for October 2015

* All data is from the Carolina Multiple Listing Service.

Some significant additional statistics for you: Continue reading

Standard