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 2019 Market Report

Lake Norman real estate market report

 All data is from the Carolina Multiple Listing Service.

Our Lake Norman’s real estate market posted record sales again in May with an impressive 12% gain over May 2018 and a 27% increase over last month’s. Wow! The first five months of 2019 stand out not only for their 9.3% total increase over 2018 but also for their consistency.  Each month exceeded last year’s and also increased over the prior month as well.  Consistency like this is very rare here in Lake Norman. It is even more interesting considering that this follows on the heels of a very a rough end to 2018.  My numbers below should provide some deeper insight into where we are headed as well as details regarding this month’s sales.

Here are what I feel to be the biggest takeaways from May’s Lake Norman real estate sales Continue reading

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Lake Norman News, Events and Celebrations

Lake Norman water levels are at full pond!

Lake Norman water levels when full

Wow, we have had a lot of rain this weekend and more is on the way!  I just wanted to give you all a heads up that Lake Norman is officially at “full pond”.  I drove around and the water is even topping over a few walkways out to docks.  It is quite beautiful! Here is the update from Duke Energy.  Remember that we have the Cowan’s Ford Dam mentioned below so the water will spill down to Mountain Island Lake where there may be some flooding.

Lake Norman

09-JUN-19 4:00 PM The Catawba River Basin is experiencing significant inflows from the recent rainfall. The Hickory area has received more than 11 inches of rainfall in the last 48 hours and additional rainfall is in the forecast. The Duke Energy hydro operations team is aggressively moving water through the river system with a floodgate partially open at Cowans Ford dam. Mountain Island Lake will begin spilling today but is not expected to exceed 106 ft. We will provide updates as conditions change. As always, we encourage those living along lakes, streams and other low-lying and flood-prone areas to pay special attention to changing weather conditions and take any necessary precautions. Updated lake levels are available any time at www.duke-energy.com/lakes, and by calling 800-829-5253.

100.0 ft.

As of 06/09/2019 at 04:20PM

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s May 2019 Market Report

Lake Norman real estate market report* All data is from the Carolina Multiple Listing Service.

Our Lake Norman’s real estate market posted record sales again in May with an impressive 12% gain over May 2018 and a 27% increase over last month’s. Wow! The first five months of 2019 stand out not only for their 9.3% total increase over 2018 but also for their consistency.  Each month exceeded last year’s and also increased over the prior month as well.  Consistency like this is very rare here in Lake Norman. It is even more interesting considering that this follows on the heels of a very a rough end to 2018.  My numbers below should provide some deeper insight into where we are headed as well as details regarding this month’s sales.

Here are what I feel to be the biggest takeaways from May’s Lake Norman real estate sales data:

Continue reading

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Lake Norman Real Estate's June 2019 Desktop Calendare

Download this month’s Lake Norman calendar here

One of my favorite things about living in our wonderful Lake Norman community is not boating or fishing but actually our abundant wildlife.  My garden is active 24 hours a day with an incredible variety of birds, squirrels, chipmunks, raccoons, red foxes, deer, ducks and geese.  Every spring we have a male and female Mallard duck couple walk across the street into our garden to eat and even swim in our pond! Of course, if you are along the shores of the lake or live in a waterfront home you will see many more ducks, geese, Blue Herons, Osprey and even Sea Gulls!

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

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Lake Norman Real Estate’s June 2019 Calendar

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s April 2019 Market Report

Lake Norman Real Estate Market Report April 2019

All data is from the Carolina Multiple Listing Service.

Our Lake Norman’s real estate market posted record sales again in April, with a 7% gain over April 2018 and a 17% increase over last month’s. The first four months of 2019 stand out not only for their 7.6% total increase over 2018 but also for their consistency.  Each month was strong and we have increased sales every month over month as well.  This is very rare here! And, this follows on the heels of a very a rough end to 2018.  My numbers below should provide some deeper insight into where we are headed as well as details regarding this month’s sales.

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Lake Norman Real Estate's May 2019 Desktop Calendar

Download this month’s Lake Norman calendar here

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lake norman real estate

Lake Norman Real Estate’s May 2019 Calendar

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 1st Quarter 2019 Market Report by Price-Range

Lake Norman’s 1st Quarter 2019 Home Sales By Price Range

Lake Norman Real Estate's Price Range Market Report 1st quarter 2019

*Compiled from the Carolina Multiple Listing Service’s data.  Note that the numbers in this chart are generated by a technology expert I hired and not by me. The mapped perimeter of our Lake Norman area that he used for this chart’s numbers is slightly different from mine.

Lake Norman’s overall real estate market in the first quarter of this year experienced a solid upswing after a very weak 4th quarter. However, there were some rather dramatic and inexplicable sub-trends within price-range groups both up and down within our market these past 3 months. These will be quite evident as you study the chart above. The best way to understand our hot and cold niches is by analyzing our sales by price-range which is why I create this chart each quarter.

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s March 2019 Market Report

Lake Norman Real Estate's March 2019 Market Report

All data is from the Carolina Multiple Listing Service.

First quarter 2019 is in the books and our Lake Norman’s real estate market has posted a 7.4% gain over last year’s first quarter. March continued our strong sales trend and there are some very positive indicators for April and May so perhaps it is safe to say we are on a roll!  This follows on the heels of a very a rough end to 2018. Our March sales were up 11% compared to last year. At 151 sales, March was also up 27% compared to last month and was tied for the second highest March home sales since 2005. Talk about a radical upswing since December! My numbers below should provide some deeper insight into where we are headed as well as details regarding this month’s sales.

Here are what I feel to be the biggest takeaways from March’s Lake Norman real estate sales data:

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Lake Norman real estate's desktop calendar

Download this month’s Lake Norman calendar here

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Lake Norman photos

Lake Norman Real Estate’s April 2019 Calendar is Purrrfect!

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Lake Norman Real Estate's March 2019 Desktop Calendar

Download this month’s Lake Norman calendar here

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Lake Norman Real Estate’s March 2019 Calendar is Here!

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Just the facts about Lake Norman, Property Tax Rates

Lake Norman property tax rates by county and city

 Lake Norman Propery Real EstateTax

 Lake Norman’s low property taxes are one of the attractions for home buyers considering a relocation to our beautiful area.  However, because Lake Norman falls in 4 different counties and ten towns for prospective home buyers it can be a bit of a challenge trying to get a sense of what their property taxes will be in any given location.

A special note!  I just updated the numbers below to our 2018 tax rates.  All properties were just reassessed for 2019 as they are every 8 years in North Carolina.  The last reassessment was 2011 and the next will be 2027. The new assessed values are just coming out and some properties have risen more than others so make sure to find out the new assessed value of a property of interest to you! These new assessed values will be used in our upcoming 2018-2019 tax bills.

Below are links to all of the county website pages that provide all of the information you will need.  In addition, here are a few helpful hints: Continue reading

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 Lake Norman Real Estate's February 2019 Calendar

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Lake Norman photos

Lake Norman Real Estate’s February 2019 Calendar

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lake norman real estate

Lake Norman Real Estate’s 4th Quarter 2018 Market Report by Price Range

Lake Norman experienced a dramatic slowdown in our 4th quarter but that doesn’t mean there weren’t “hot” niches.  The best way to understand our hot and cold niches is by analyzing our sales by price range which is why I create this chart each quarter.

If you are a home buyer or seller in the Lake Norman area it matters most what is happening in YOUR price-range. Yes, it is important to know about the global, national, and 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. And, if you considering a broader range of prices, this chart can help you develop a more effective strategy by narrowing your search based upon actual strengths and weaknesses within our Lake Norman price ranges.

The single most important number in this chart is the last column which provides that month’s of supply for each price range.  Keeping in mind that economists use 6-months supply as a balanced market and anything below that as a seller’s market and above 6 months as a buyer’s market, you can quickly determine this past quarter’s strengths and weaknesses.  Overall, at 5.77 months of supply of active listings, Lake Norman ended the year in a balanced market.

Lake Norman’s 4th Quarter 2018 Home Sales By Price Range

Lake Norman real estate home sales by price range 4th quarter 2018

*Compiled from the Carolina Multiple Listing Service’s data.  Note that the numbers in this chart are generated by a technology expert I hired and not by me. The mapped perimeter of our Lake Norman area that he used for this chart’s numbers is slightly different from mine.

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lake norman real estate, Lake Norman Real Estate Market Reports

Lake Norman Market Trend Graphs in Real Time!

In November I launched a new feature on my Lake Norman Real Estate site.  I now have a real-time automatically updated graph of the number of active listings and homes sold in all of Lake Norman by month for the past three years.  These easy to read graphs provide simple but great insight into today’s trends in an historical context.  To get the latest number just click on Lake Norman Market Trends. .

Here are this month’s graphs:

Lake Norman homes sold for past 3 years graph by month

 

*Note that the sales numbers aren’t updated until the 20th of each month.

Above is the graph of single family homes sold in Lake Norman for the past 6 months.  You can clearly see our record-breaking months from May – August and then our nose dive in September with a slight uptick in October, down in November and December.   I discussed this in detail in the Lake Norman Real Estate Market Report December 2018.

 

Lake Norman real estate graph of homes sold trends

 

Above is the active listing graph.  As you can see our inventory of active listings was significantly lower from June – September compared to prior years and as of today are actually about even with the past 2 Decembers.  Keep in mind that those years we also had very low inventory of homes for sale!

I will update this post monthly for you!

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Lake Norman News, Events and Celebrations

Lake Norman water levels are high again! Updated Jan. 5th 2018

lake norman water levels when high

Duke Energy just released the warning below with an update and caution due to yet another storm that arrived today. Due to our unusually high amounts of rain and snow, our Lake Norman water levels have been unusually high this past month.  100′ is full pond so at 98.6 we have some wiggle room but based upon the Duke Energy warning below, we can expect increasing lake water levels for the next few days at least. To get an idea of what it looks like when Lake Norman is a “full pond”  I took this photo a few years ago when it was at full pond and as  you can see even the dock is slightly under water!

Here is the official update from Duke Energy from today, January 5th.

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