Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s January 2013 Hot Sheet

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

There is no doubt that 2012 was a strong year for Lake Norman single family home sales..the highest sales since 2007.  But, will these improving sales continue in 2013?  Now as we start the new year it is critical to take the pulse of our January real estate market in Lake Norman.   Let’s take a look: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 4th Quarter 2012 Home Sales by Price Range

If you are a home buyer or seller in the Lake Norman 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 $700,000?s.  This is exactly the reason why I create a price-range analysis every quarter:

Lake Norman real estate 4th Quarter 2012 Sales Analysis by price range

*Compiled from the Charlotte Regional 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

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s December 2012 Sales Analysis: A perfect record for 2012!

Lake Norman’s December home sales truly put an exclamation point at the end of 2012. For the third month in a row we have posted sales numbers that not only exceeded 2011 numbers but were higher than every year back to and including 2007!  And, our first 9 months of 2012 exceeded all months back to 2008.

Let’s take a closer look at the numbers to glean some insight into the short term future and exactly where the Lake Norman housing market stands right now.

Here are the December 2012 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market:

Lake Norman Real Estate's December 2012 Sales analysis

* Note that the Charlotte Regional Multiple Listing Service has created two new categories, Under Contract Showings (UCS) to continue and Under Contract no showings (UCNS). These replace the Contingent, Conditional and Pending categories.   Contingent Sales are now joined with Conditional sales in my reports.

Some significant additional statistics for you: Continue reading

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Lake Norman photos

Lake Norman Real Estate’s January 2013 Calendar is here!

JLake Norman Real Estate's January 2013 calendarPreview

Photograph Copyrighted by Cotton Ketchie

While we don’t get a lot of snow in the Lake Norman area, the mountains are only 90 miles away so if you miss the white stuff it is not too far from here. There is something special about the rolling Blue Ridge Mountains.  When you find a vista point like this one it seems as if the mountains go on forever.  They are such an easy drive either in the summer to find cooler weather and gorgeous mountain hiking, cycling and rafting or in the winter where we do have several ski resorts.  (Or, in the fall to see the spectacular autumn colors!)

This gorgeous photo taken by renowned artist Cotton Ketchie, owner of Mooresville’s Landmark Galleries, who spends much of his time driving all over North Carolina and even summer trips around the country, taking stunning photos like this one.  If you haven’t visited his store on Main Street in Historic Downtown Mooresville you should put it on your list for 2013! Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s December 2012 Hot Sheet

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

There is no doubt that 2012 has been a very strong year for Lake Norman real estate and home sales relative to all years since 2007.   Every month this year we exceeded sales of the same month in 2011 and in most cases posted the strongest sales since 2007. With 97 closed sales last month,  in November we actually experienced an INCREASE in sales over September and October defying our usual seasonal slowdown! Based upon the numbers below there is no doubt in my mind that this month will make it 12 months in a row, or our entire 2012, that we beat the prior year’s sales for the month.  Let’s take a look:

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s November 2012 Sales Analysis; An emphatic 11!

Lake Norman’s November 2012 residential real estate sales number places an explanation mark on the belief that our housing market has hit bottom and is steadily and consistently improving.   November’s total single family home sales in Lake Norman makes it eleven months in a row that we have exceeded all prior months’ sales since 2007.  What is remarkable is that once the few last sales are input by the agents who always run late in recording their sales, I believe we will also exceed November 2006’s home sales! And, while Lake Norman has experienced atypical seasonal slowdown to a degree, it is not nearly as dramatic as most years.

Let’s take a closer look at the numbers to glean some insight into the short term future and exactly where the Lake Norman housing market stands right now.

Here are the November 2012 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market:

Lake Norman Real Estate's November 2010 Home sales

* Note that the Charlotte Regional Multiple Listing Service has created two new categories, Under Contract Showings (UCS) to continue and Under Contract no showings (UCNS). These replace the Contingent, Conditional and Pending categories.   Contingent Sales are now joined with Conditional sales in my reports.

Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s November 2012 Hot Sheet

 

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

There is no doubt that 2012 has been a very strong year for Lake Norman real estate and home sales relative to all years since 2007.   As of today the MLS has a total of 120 closed sales for May, 119 sales for June, 115 for July, 120 for August 92 for September and 92 for October; all 6 recording the highest months’ sales since 2007!  While the best October since 2007, last month was the second month in a row where our sales failed to reach 100. While still relatively strong, we are seeing a typical seasonal slowdown in our Lake Norman housing market. November, while looking to be is a continuation of this slowdown, may be one of the strongest Novembers since 2005.  Will we, for the 11th month in a row, beat the prior year’s sales for the month?  Let’s take a look:

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s October 2012 Sales Analysis; Did We Make it 10?

Lake Norman’s October 2012 residential real estate sales number should makes it ten months in a row that we have exceeded all prior months’ sales since 2007.  However, as of today, we are tied with last year’s 88 total sales. As always a few more agents will be late in recording their sales. When all the numbers are for October we should have recorded at least 90 or more. So, yes, we will make it 10 but it will be a squeaker!  However, because October 2011’s sales were unusually high beating that number still supports my belief that we hit bottom in 2011 here in the Lake Norman housing market and have had fairly robust sales consistently in 2012.  Yes, we are clearly seeing our typical seasonal slowdown but the fact that October sales will most likely equal September’s, at this point it still looks like our Lake Norman real estate market has moved into sustained positive territory.

Let’s take a closer look at the numbers to glean some insight into the short term future and exactly where the Lake Norman housing market stands right now.

Here are the October 2012 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market: Continue reading

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Lake Norman photos

Lake Norman Real Estate’s November 2012 Wallpaper Calendar

Lake Norman Real Estate's November 2012 Calendar

Photograph Copyrighted by Cotton Ketchie

The Lake Norman’s 520 miles of shorelines are spectacular in the late fall as all of the hardwood trees like Maples, Poplars, Gum Trees, Oaks etc. turn into vibrant shades of yellows, oranges and reds.  Thanks once again to renowned artist Cotton Ketchie, owner of Mooresville’s Landmark Gallerieswho has generously provided this gorgeous photo of a sailboat on Lake Norman with the backdrop of stunning fall colors.  Yes, our temperatures are mild enough that folks do get out on their boats through October and even November! Continue reading

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lake norman real estate, Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 3rd Quarter Homes Sales by Price

If you are a home buyer or seller in Lake Norman, 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 $700,000?s.  This is exactly the reason why I create a price-range analysis every quarter:

*Compiled from the Charlotte Regional 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

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s September Sales Analysis Makes it 9!

Lake Norman’s September 2012 residential real estate sales number makes it NINE months in a row that we have exceeded all prior months’ sales since 2007.  While all 9 months of 2012 have been strong, our homes sales in September were not quite as impressive when compared to last September plus they dropped 26.7% from last month’s and were the third lowest month in 2012.  After 4 months of triple digit sales it looks like we will remain in double digits for September even after a few more sales are input into our MLS  late by agents. We are clearly seeing our typical seasonal slowdown but at this point it still looks like our Lake Norman real estate market is over the hump and moving into sustained positive territory. As always a few more agents will be late in recording their sales so when all the numbers are for September we should have recorded at least 90.

Let’s take a closer look at the numbers to glean some insight into the short term future and exactly where the Lake Norman housing market stands right now.

Here are the September 2012 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market:

* Note that the Charlotte Regional Multiple Listing Service has created two new categories, Under Contract Showings (UCS) to continue and Under Contract no showings (UCNS). These replace the Contingent, Conditional and Pending categories.   Contingent Sales are now joined with Conditional sales in my reports. Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s September 2012 Hot Sheet

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

The last four months pretty much blew our Lake Norman sales trends right out of the water.  As of today the MLS has a total of 120 closed sales for May, 117 sales for June, 115 for July and 118 for August which are the 4 highest months’ sales since August of 2007!  It appears from our numbers below that September will also be a very strong month of housing sales for Lake Norman but there are some signs of a typical seasonal slowdown.  Will we match last month’s highs?  Let’s take a look: Continue reading

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Lake Norman News, Events and Celebrations, Relocating? Life in Lake Norman

Lake Norman Beer Festival is Saturday, September 22nd!

 

Lake Norman has a growing number of “craft beer” makers who offer innovative and unique beers of all kinds. This year’s Annual Lake Norman Beer Festival   will offer up to 70 different featured beers from around the world including some local breweries.  Here is a perfect opportunity for Lake Norman area beer lovers to try a plethora of beers in one place on one day while enjoying great live music.  A portion of the proceeds from the festival will benefit Ace & TJ’s Grin Kids Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s August 2012 Sales Analysis Makes it 8!!!

Lake Norman’s August 2012 residential real estate sales number makes it 8 months in a row that we have exceeded all prior months’ sales since 2007.  All 8 months of 2012 have been strong however our August sales were up against unusually strong August sales in 2011 yet we still exceeded last August’s robust numbers.  Triple digit sales for four months in a row is certainly good news.  Gone, for now at least, is the term “erratic” which I have been using regularly for several years when describing our Lake Norman real estate market.  While we are beginning to see a typical seasonal slowdown, at this point it looks like our Lake Norman real estate market is over the hump and moving into sustained positive territory. As always a few more agents will be late in recording their sales so when all the numbers are for August we should have recorded at least 113.

Let’s take a closer look at the numbers to glean some insight into the short term future and exactly where the Lake Norman housing market stands right now. Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s August 2012 Hot Sheet

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

The last three months pretty much blew our sales trends right out of the water.  As of today the MLS has a total of 120 closed sales for May, 117 sales for June and 114 for July which are the three highest months’ sales since August of 2007!  It appears from our numbers below that August will also be a very strong month of housing sales for Lake Norman but there are some signs of a slowdown for Sept/Oct.  Will we match last month’s highs?  Let’s take a look: Continue reading

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Lake Norman News, Events and Celebrations

Lake Norman & Charlotte’s 2012 Southern Ideal Home Show is August 24-26th

 

“Ideal Home. Ideal Experts. Ideal Lifestyle.”   is the theme of this year’s Southern Ideal Home Show which is being held Friday, August 24th – Sunday August 26th at The Park Expo and Conference Center in Charlotte.  (2500 East Independence Blvd, Charlotte.)

Perfectly timed just as Lake Norman area schools are back in session and right before the busy fall season of home improvement, this will be a great source of inspiration and information for just about anything to do with your home or garden! Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s July 2012 Sales Analysis; Another strong month!

Lake Norman’s July 2012 residential real estate numbers once again exceeded all prior July’s since 2007 and my own predictions as well.  All 7 months of 2012 have been strong but the past 3 months have been exceptional when compared to the past 4 years.  Triple digit sales for three months with signs that August will make it 4 is good news.  Gone, for now at least, is the term “erratic” which I have been using regularly for several years when describing our Lake Norman real estate market.  While I expect a seasonal slowdown, at this point it looks like our Lake Norman real estate market is over the hump and moving into sustained positive territory. As always a few more agents will be late in recording their sales so when all the numbers are for July we should have recorded at least 115.

Let’s take a closer look at the numbers to glean some insight into the short term future and exactly where the Lake Norman housing market stands right now.

Here are the July 2012 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s July 2012 Hot Sheet

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

The last two months pretty much blew our sales trends right out of the water.  As of today the MLS has a total of 119 closed sales for May and 115 sales for June which are the two highest months’ sales since August of 2007!  It appears from our numbers below that July will also be a very strong month of housing sales for Lake Norman.  Will we match last month’s highs?  Let’s take a look:

Lake Norman Real Estate’s Two-Week Hot Sheet

7/21/2012

* 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 (area 13).  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.

I created this additional chart comparing just the July Hot Sheets for the past 3 years to help put our July 2012 numbers in perspective with the past Julys’, not just the past 6 months:

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 2nd Quarter 2012 Home Sales By Price Range

If you are a home buyer or seller in Lake Norman, 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 $700,000’s.  This is exactly the reason why I create a price-range analysis every quarter:

*Compiled from the Charlotte Regional 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

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s June 2012 Sales Analysis; Best First Half of a Year since 2007!

Strong June housing numbers for Lake Norman mean we have had a full 6 months in a row of sales above the prior year.  Gone, for now at least, is the term “erratic” which I have been using regularly for several years when describing our Lake Norman real estate market.  Not only did our June sales beat June 2011 which was a relatively strong month in 2011 but we have already matched the June 2010 numbers which were elevated by the housing rebate program. As always a few more agents will be late in recording their sales so when all the numbers are in we will have had the best June since 2007.

Despite positive numbers, I wasn’t sure we would record this many sales in June.  Can we sustain this trend through the rest of 2012 and beyond?  While there are signs of a bit of a slowdown it looks like the next several months will maintain higher sales than all prior months since 2007.  Let’s take a closer look at the numbers to glean some insight into the short term future and exactly where the Lake Norman housing market stands right now:

Here are the June 2012 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market: Continue reading

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Lake Norman photos

Lake Norman Real Estate’s July 2012 Wallpaper Calendar

 

It’s the weekend before 4th of July and it is HOT outside so what better place to be than on “the lake” as we call it here?  I took this photo a few weeks ago while out on our boat.  It really captures  life here: gorgeous blue skies and water, thick green trees, lovely waterfront homes and folks out having fun on the lake. Water skiing is just one of myriad sports and activities on Lake Norman!

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lake norman real estate

Lake Norman Real Estate Introduces eValuator!

I am thrilled to offer a new property evaluation tool to my readers!  eValuator is the brain child of Davis Farrell, a Charlotte company that provides my home search/Multiple Listing Service feature on this site.  Prompted by complaints by clients about Zillow’s inaccuracy, they set out to make the most accurate property value tool currently available!  Their “proprietary algorithm ranks the comps and uses the top 5 and even offers a percentage match”.

My hope is that you all will test it out and give me feedback as it is still a work in progress.  For instance, I discovered that they were using waterfront comparable sales for off-water homes.  Within hours of my bringing it to their attention they fixed the problem!

It is easy to use.  Just click on the link on the right  side of this home page: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s June 2012 Hot Sheet

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

Last month pretty much blew our sales trends right out of the water.  As of today the MLS has a total of 118 closed sales for May which is well above any other month’s sales since August of 2007!  It appears from our numbers below that June will also be a very strong month of housing sales for Lake Norman.  Will we match last month’s highs?  Let’s take a look:

Lake Norman Real Estate’s Two-Week Hot Sheet

6/21/2012

* 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 (area 13).  These numbers represent a real time snapshot of the past two week’s activity.  (June 7th – 21st).  As always, I have included the past 6 months so that you can put these numbers in perspective.

I created this additional chart comparing just the June Hot Sheets for the past 3 years to help put our June 2012 numbers in perspective with the past Junes’, not just the past 6 months:

June Hot Sheet Numbers for the Past 4 Years

 

Highlights:

  • New listings: Our number of new listings were the lowest since last December! If you add our new listings to the 21 back-on-market we had a total of  106 Lake Norman properties added to our housing inventory in the past two weeks compared to last June’s 128, 171 in June 2010 and 207 in June 2009.  As of this morning the total number of active listings in Lake Norman had increased from our all time low of 752 in January back up to 977 which is still low historically and trending back down after a high of 985 a few weeks ago.  The reason these low numbers are such good news is because keeping our inventory low will help stabilize our own Lake Norman housing market no matter what is happening in other areas or states.

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s May 2012 Sales Analysis: New Highs and Excellent Lows!

A whopping 74% increase of closed sales this May compared to May 2011 puts an exclamation point on Lake Norman’s improving housing market in 2012!  Not only was this best May since 2007 but it is also the highest number of sales in a single month since August of 2007!

Despite positive trends, even I didn’t predict numbers this high.  Can we sustain this trend through the rest of 2012 and beyond?  Hard to say but we are likely to see at least a typical seasonal slowdown in the summer.   Let’s take a closer look at the numbers to glean some insight into the short term future and exactly where the Lake Norman housing market stands right now:

Here are the May 2012 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market: Continue reading

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Lake Norman photos

Lake Norman Real Estate’s June 2012 Wallpaper Calendar

 

Lake Norman attracts home buyers from quite far away.  I have had clients from literally all over the U.S. plus Russia, Sweden, England and Australia!  One of the hardest things to explain to buyers during their first visit is the vast array of types of lots, homes, neighborhoods, towns and counties that all call Lake Norman home.

When I drove by this small farm on John Connor Rd (and across the street from The Peninsula) in Cornelius I realized it would be the perfect photo to use to exemplify our diversity.  If you look out to the lake on the right hand side you can see the large estates and lovely boat docks located in the gated community of Connor Quay.  Such is the fun of living in Lake Norman.  If you want to be in an exclusive community we have plenty of those.  But if you are like me and enjoy driving by a horse farm or two on the way home Lake Norman offers neighborhoods like this as well.

One last thing about this photo.  Note the color of our dirt.  Yes, it is really that red and is actually more like clay than dirt.  But, as you can clearly see, it doesn’t hinder gardening or even farming for that matter! Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s May 2012 Hot Sheet

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

Well, last month I became a bit skeptical about the sustainability of the stronger sales numbers in our Lake Norman housing market so far in 2012.  But, after a few small hiccups our closing sales in April actually ended up at 90 which matched our previous high April since 2007.   And, now our May sales numbers are looking even better:

Lake Norman Real Estate’s Two-Week Hot Sheet

5/21/2012

* 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 (area 13).  These numbers represent a real time snapshot of the past two week’s activity.  (May 7th – 21st).  As always, I have included the past 6 months so that you can put these numbers in perspective.

I created this additional chart comparing just the May Hot Sheets for the past 3 years to help put our May 2012 numbers in perspective with the past Mays, not just the past 6 months: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s April 2012 Home Sales Analysis

April makes it four; four months in a row of Lake Norman home sales increases over the prior year….but barely! As of today our closed sales are just equal to April 2011’s (See Below!) but I expect at least 3 or more April sales once all of the agents have input their data into our MLS which is the case every month.  Unlike the last three months, however, our April closings will not be the highest since 2007.  (Update 5/15, they actually equalled our highest April’s!) Of course, in April 2010 we had the tax rebates  but we may even match those numbers once all of our sales are recorded.  All in all, not a bad month but not great either.  That said, wait until you see our other numbers! Here are the April 2012 numbers from our Charlotte Multiple Listing Service for our Lake Norman Area 13 real estate market: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s April 2012 Hot Sheet

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

Well, last month I was very enthused by our string of “hot” months.  Unfortunately, a bit of doubt is beginning to creep in to my perspective of our current Lake Norman housing market.  Instead of a consistent showing of improving numbers across the board, there are some hiccups that indicate to me that we once again may see some mild ups and downs in the coming months. Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 1st Quarter 2012 Price Range Analysis

If you are a home buyer or seller in Lake Norman, 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 $300,000 price range, you are going to have an entirely different experience than someone in the $500,000’s.  This is exactly the reason why I create a price-range analysis every quarter:

*Compiled from the Charlotte Regional 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

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s March 2012 Sales Analysis; Another Good Month

March makes it three; three months in a row of increases over prior year and the last two months have been the highest closed single family home sales in Lake Norman since 2007.  This is the longest uninterupeted string of month over month sales increases since the 2010 housing rebate program.

It is important to note that these numbers are only as good as the agents who report them. Expect an adjustment in our 83 sales in March upward perhaps two more sales by the end of the month since it takes some Realtors several weeks to actually input their sales into our MLS.  I create these reports early in the month while the information is still very fresh so always pad the sales upward just a bit.

Here are the March 2012 numbers from our Charlotte Multiple Listing Service for our Lake Norman area real estate market:

Some significant additional interesting statistics for you:

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s March 2012 Hot Sheet

 

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

Well, last month I wrote: “There is nothing better than a HOT Hot Sheet!”  But, you know what, I was wrong. TWO months in a row of HOT Hot Sheets is even better! Here are our numbers: Continue reading

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lake norman real estate, Lake Norman Real Estate Market Reports

How are Lake Norman’s Crescent Communities like The Point & The Peninsula faring?

Lake Norman waterfront home at The Point

 

Ask any Realtor active in the Lake Norman residential market how business is and they will collectively smile and say great.  But, are the current Lake Norman sales evenly distributed around all 4 counties that share waterfront land on Lake Norman?

Over the past few years I have created sales charts focusing on all of the largest of the Crescent Communities on Lake Norman to provide insight into the different areas surrounding Lake Norman including:

Here is one fresh off the presses: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s February 2012 Sales Analysis: Good news!

I don’t know about you, but I welcome good news of any kind these days.  The fact that our Lake Norman home sales have not only picked up but have had two positive months in a row with indications of more to come is almost GREAT news!

It is important to note that these numbers are only as good as the agents who report them. Expect an adjustment in our 57 sales in February upward perhaps two more sales by the end of the month since it takes some Realtors several weeks to actually input their sales into our MLS.  I create these reports early in the month while the information is still very fresh so always pad the sales upward just a bit.

Here are the February 2012 numbers from our Charlotte Multiple Listing Service for our Lake Norman area real estate market: Continue reading

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Lake Norman photos

Lake Norman Real Estate’s March 2012 Wallpaper Calendar is Here!

 

Lake Norman Waterfront Shoreline at Dusk Photo for Calendar

Awwww, another day in paradise here on Lake Norman!  I took this photo at dusk from the dock of a property I listed this past Saturday which sold with multiple offers in 3 hours! Yes, our Lake Norman housing market is improving.  (I’ll write a separate post about this sale).   Last month’s calendar photo was a main channel view.  This photo is of a very wide cove which opens to the main channel.  The homes in the photo are located in Connor Quay, a small luxury gated community adjacent to The Peninsula in Cornelius.  The benefit of a location like this one is that you have stunning views including sunsets but you are off the main channel far enough to be spared from the wear and tear on your dock and the noise at peak boating times in the summer.

This photo was taken just a bit later and I turned towards the main channel but I was standing in the exact same spot as the photo above. Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s February Hot Sheet is Sizzling!

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

There is nothing better than a HOT Hot Sheet!  Activity in the Lake Norman housing market picked up right after Christmas and seems to be gaining steam every day.  Here are our numbers:  Continue reading

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lake norman real estate, Relocating? Life in Lake Norman

Growth is Creeping Back to Lake Norman NC!

 New Exit 35

When I first started writing this blog in 2007 I used to do regular updates on growth and development in the greater Lake Norman area as did The Charlotte Observer who had a bi-weekly Red Dirt Alert section for Lake Norman. Since the slow down, when most developing simply screeched to a halt, I have provided updates every now and then about the status of major and small developments.  Today I am happy to report there is quite a bit more “red dirt” to be seen around Lake Norman including new housing construction! As I write this, there are 54 Active Listings in Area 13/ Lake Norman of new homes built in or due to be completed in 2012. New homes are going up in The Farms, The Point, The Peninsula, Pointe Regatta, Sailview, Westport, Pebble Bay, Fernleaf/Woodleaft and more! Here is an update on some of the larger projects: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s January 2012 Sales Analysis: Things are looking up!

While I anticipated weak sales before an upswing this month, January wasn’t actually too bad.  We squeaked by just equaling our January 2011 sales

It is important to note that these numbers are only as good as the agents who report them. Expect an adjustment in our 46 sales in January upward perhaps two more sales by the end of the month since it takes some Realtors several weeks to actually input their sales into our MLS.  I create these reports early in the month while the information is still very fresh so always pad the sales upward just a bit.

Here are the January 2012 numbers from our Charlotte Multiple Listing Service for our Lake Norman area real estate market:
Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s January 2012 Hot Sheet is Warming Up!

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

So, our Lake Norman real estate market is showing clear signs of picking up after 5 relatively strong months over the summer and early fall followed by a marked drop in November and December.  Quite a roller coast ride we are on these days!  Activity in the Lake Norman housing market picked up right after Christmas and seems to be gaining steam every day.  Here are our numbers Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 2011 Sales Analysis by Price Range

If you are a home buyer or seller in Lake Norman, 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 $300,000 price range, you are going to have an entirely different experience than someone in the $500,000’s.  This is exactly the reason why I create a price-range analysis every quarter:

 *Compiled from the Charlotte Regional 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

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lake norman real estate

Lake Norman Real Estate’s 2012 Housing Market Predictions

Let’s face it, we are being bombarded by economic predictions of all kinds this month; so much so that I even hesitated to add my own to the massive pile.  But, since my mission is to provide you with  insight into our Lake Norman housing market and the role the national, state and local economy plays on our successes and weakness, I will once again do my best to assess and make predictions for 2012. Continue reading

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lake norman real estate, Lake Norman Real Estate Market Reports

Lake Norman’s 2011 real estate market was, well, okay.

So, when all is said and done, our Lake Norman single family housing market was just okay in 2011.  We didn’t quite match 2010 sales but at least we didn’t have a double dip back to our abysmal 2009 numbers!  5 months in 2011 were either equal to or better than 2010 while 7 months were lower compared to 2010. With the exception of March, the first half of 2011 was pretty tough but then we had a string of strong months (look at August!) before dipping back down in November/December.  As you can see, there is really no consistent pattern by month:

Lake Norman Monthly Sales Chart for 7 Years

*Please note that all of my numbers are for single family homes. They come from the Charlotte Region Multiple Listing Service and will not include sales that took place outside of our MLS.  **I have made an adjustment of  the totals reflecting the ACTUAL  sales  every month in 2009, 2010 and 2011 and the totals in the prior calendar years.  The columns may not add up but I do my best with what I have to work!

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s December 2011 Sales Analysis

December 2011 home sales in Lake Norman continued the downward trend started in November. After relatively strong sales since June, our Lake Norman housing market slowed considerably in the last two months of 2011.  At 60 closed sales, Lake Norman single family home sales were down 20% compared to last month’s 75.

It is important to note that these numbers are only as good as the agents who report them. Expect an adjustment in our 60 sales in December upward by the end of the month since it takes some Realtors several weeks to actually input their sales into our MLS.  I create these reports early in the month while the information is still very fresh so always pad the sales upward just a bit.

Here are the December numbers from our Charlotte Multiple Listing Service for our Lake Norman area real estate market: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s December 2011 Hot Sheet in Not So Hot!

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

After 5 relatively strong months over the summer and early fall, our Lake Norman housing market has experienced a slowdown since November, once again underscoring the erratic nature of today’s real estate market.  The most significant aspect of today’s Lake Norman numbers is the continued decline in the number of active listings for sale.  At only 837 homes for sale in all of area 13 (Lake Norman), the trend of double digit declines continues.  In December of 2008 we had 1400+ homes for sale in Lake Norman.

Continue reading

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The Real Estate Process, Home Buying and Selling Tips

Lake Norman Homeowners, Do you need a permit to replace your water heater?

 

As the new year approaches, Lake Norman homeowners  will most likely be creating lists of things to do in 2012 that will include repairs or upgrades of our homes and gardens.  Many times we don’t stop to consider if a permit is needed, especially for minor repairs.

So, if you live in the Lake Norman area, or the entire state of North Carolina, you might be interested to know that the North Carolina General Assembly passed house bill HP-1409  which exempts from building permitting the replacement of a water heater. Here are a few of the stipulations:

  • Electrical, Plumbing or Mechanical work must be performed by a person licensed under G.S 87-43 or G.S. 87-21
  • The replacement of a water heater is the same capacity, location and energy source

Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s November 2011 Sales Analysis

Unfortunately, my predictions last month regarding our November Lake Norman real estate market were accurate.  After relatively strong sales since June, our Lake Norman housing market did slow down in November.  Our sales were down 18% compared to last month’s 88 and 11% from last November’s 81.  However, while we didn’t match November 2010 numbers we did exceed all prior Novembers since the recession.

It is important to note that I am doing this analysis two days earlier than usual so expect an adjustment in our 72 sales in November upward by the end of the month since it takes some Realtors several weeks to actually input their sales into our MLS.  A great example of this is this past October.  When I did our chart on October 6th we had 81 sales. As of today we actually have 88 sales documented for October in our MLS.  I create these reports early in the month while the information is still very fresh so always pad the sales upward just a bit.

Here are the November numbers from our Charlotte Multiple Listing Service for our Lake Norman area real estate market:  Continue reading

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Lake Norman photos

Lake Norman Real Estate’s December 2011 Wallpaper Calendar: Happy Holidays!

 

Wow, I can’t believe December is here!

In the Lake Norman area our gorgeous hardwood trees are now bare and most of our perennial flowers are going into hibernation for the winter.  But, our Fescue lawns are still bright green and pansies bring new color to entrances to subdivisions and shopping areas.

The good news is that because of the bare trees our views of the lake have never been better! During these next 4 months, homes with “seasonal views” will truly enjoy the best of Lake Norman. Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s November 2011 Hot Sheet

 

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

The past five months our Lake Norman housing sales have been relatively strong with a particularly stellar August and October.  (Our October sales are now at 88 after 6 more were reported since my October sales analysis making it the best October by far since the recession hit and almost as high as our 2007 sales!)

Unfortunately, it looks like we will not sustain this trend through the final months of 2011.  Based upon our numbers so far in November I don’t think we will even match November 2010’s 81 sales:

Lake Norman Real Estate’s Two-Week Hot Sheet

11/21/2011

 

* 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 (area 13).  These numbers represent a real time snapshot of the past two week’s activity.  (November 7th – 21st).  As always, I have included the past 6 months so that you can put these numbers in perspective.

 

Highlights: Continue reading

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lake norman real estate, Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s October 2011 Sales Analysis: A GREAT month but….

Our Lake Norman real estate market has been on a positive roll since June culminating in a rather impressive October with 81 closed sales, a number that matches the best October in Lake Norman home sales since 2007!  (I have been expecting this to be the case for several months due to our high pending home sales numbers).

So, why I am not jumping up and down with enthusiasm?  Because I am more focused on our future numbers and our active price ranges.  As you will see below, our conditonal and pending home sales are lower than at the same time last year indicating a slow-down in November and even December sales.  And, a larger portion of our sales are at the bottom of our price ranges.

Here are  the October numbers from our Charlotte Multiple Listing Service for our Lake Norman area real estate market:

 

 

Some significant additional interesting statistics for you: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s October 2011 Hot Sheet

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 our Lake Norman real estate market is at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.  These Hot Sheet reports serve as pretty good predictors of our short-term Lake Norman real estate market.

Just as I wrote last month, our Lake Norman real estate market continues to somewhat defy the volatile US and global economy.  After a relatively strong June, July, August, and September our housing numbers are continuing at about the same pace despite it all.  The report below would seem to be an indication that our October Lake Norman real estate sales will definitely exceed our October 2010 home sales.

Lake Norman Real Estate’s Two-Week Hot Sheet

10/21/2011

 

* 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 (area 13).  These numbers represent a real time snapshot of the past two week’s activity.  (October 7th – 21st).  As always, I have included the past 6 months so that you can put these numbers in perspective.

Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s 3rd Quarter 2011 Home Sales Analysis

Every quarter I create a price range analysis for the Lake Norman real estate market in an effort to provide insight into our Lake Norman housing market by niche for both buyers and sellers:

 

*Compiled from the Charlotte Regional 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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