Tag: Lake Norman Real Estate Trends

Lake Norman Real Estate Market Update August 2017

Lake Norman Real Estate Market Update August 2017

Posted on by Mike

Lake Norman Real Estate Market Update August 2017

Lake Norman Homes
In August 2017 210 homes sold in the Lake Norman area, a 10.5% increase from the 190 homes sold in July. The August 2017 sales figures increased 2.4% from August 2016 when 205 homes sold in the Lake Norman area.

The average sales price decreased 1.1% from $529,266 in July to $523,532 in August. The August 2017 average sales price decreased 9.5% from the August 2016 average sales price which was $578,693.

Average days on the market increased 5.4% from 74 days on the market in July to 78 days on the market in August. The August 2016 average days on the market were 80, an 2.5% decrease in market time from last year.

Currently there are 934 active homes for sale in the Lake Norman MLS area, down 2.9% from August. The average list price is $734,530 down .2% from the August average list price of $736,254. The average days on the market are 170. 363 Lake Norman homes are currently under contract, down 8% from August. Based on this data we are currently in a sellers real estate market, 4.5 months of inventory, in the Lake Norman real estate market.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Condos & Townhomes
In August 2017 30 condos/townhomes sold in the Lake Norman area, a 28.6% decrease from the 42 condos or townhomes sold in July 2017. August 2017 sales figures increased 7.1% from August 2016 when 28 Lake Norman condos sold.

The average sales price decreased 7.9% from $240,202 in July to $221,343 in August. The August 2017 average sales price increased 5% from the August 2016 average sales price which was $210,724.

Average days on the market decreased 31% from 58 in July to 40 in August. The August 2016 average days on the market were 63, a 36.5% decrease in market time.

Currently there are 38 active condo/townhome listings for sale in the Lake Norman MLS area, a 15.2% increase from the 33 active condos for sale in August. The average list price is $267,710, down .2% from August’s average list price of $268,185. The average days on the market are 71. 39 Lake Norman condos/townhomes are currently under contract, a 27.8% decrease from August. Based on this months data we are currently in a sellers market, only 1.3 months of inventory, in the Lake Norman condo market.

Stay up to date on the Lake Norman real estate market with our FREE market updates: LakeNormanHomePrices.com

Lake Norman Lots
In August 2017 33 lots sold in the Lake Norman area, a 27% increase from the 26 lots sold in July 2017. August 2017 sales figures increased 37.5% from August 2016 when 24 Lake Norman lots sold.

The average sales price decreased 42.7% from $270,542 in July to $155,061 in August. The August 2017 average sales price increased 3% from the August 2016 average sales price which was $159,826.

Average days on the market decreased .6% from 179 in July to 178 in August. The August 2016 average days on the market were 173, a 2.9% increase in market time versus the same time period last year.

Currently there are 622 active lot listings for sale in the Lake Norman MLS area, an increase of 3.3% from August. The average list price is $270,181, down .2% from August’s average list price of $270,726. The average days on the market are 527. 57 Lake Norman area lots are currently under contract, a 36% decrease from August. Based on this data, 18.8 months of inventory, we are in a buyers market for Lake Norman lots & land.

Stay up to date on the Lake Norman real estate market with our FREE market updates: LakeNormanHomePrices.com

The image below is provided by the local Realtor Association and uses a different map then we do so the stats will differ. Click image for more legible picture.Lake Norman rea lestate market report

Lake Norman Real Estate Market Update July 2017

Lake Norman Real Estate Market Update July 2017

Posted on by Mike

Lake Norman Real Estate Market Update July 2017

Lake Norman Homes
In July 2017 188 homes sold in the Lake Norman area, a 20% decrease from the 235 homes sold in June. The July 2017 sales figures increased 13.3% from July 2016 when 166 homes sold in the Lake Norman area.

The average sales price increased 9.6% from $485,070 in June to $531,695 in July. The July 2017 average sales price decreased 6.2% from the July 2016 average sales price which was $566,908.

Average days on the market increased 7.2% from 69 days on the market in June to 74 days on the market in July. The July 2016 average days on the market were 81, an 8.6% decrease in market time from last year.

Currently there are 962 active homes for sale in the Lake Norman MLS area, down 5.1% from July. The average list price is $736,254 down 2.9% from the July average list price of $758,524. The average days on the market are 164. 395 Lake Norman homes are currently under contract, up 3.7% from July. Based on this data we are currently in a sellers real estate market, 5.1 months of inventory, in the Lake Norman real estate market.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Condos & Townhomes
In July 2017 42 condos/townhomes sold in the Lake Norman area, a 35.5% increase from the 31 condos or townhomes sold in June 2017. July 2017 sales figures decreased 31.3% from July 2016 when 32 Lake Norman condos sold.

The average sales price increased 3.8% from $231,302 in June to $240,202 in July. The July 2017 average sales price increased 6% from the July 2016 average sales price which was $226,502.

Average days on the market increased 28.9% from 45 in June to 58 in July. The July 2016 average days on the market were 41, a 41.5% increase in market time.

Currently there are 33 active condo/townhome listings for sale in the Lake Norman MLS area, a 21.4% decrease from the 42 active condos for sale in July. The average list price is $268,185, down 1.6% from July’s average list price of $272,612. The average days on the market are 62. 54 Lake Norman condos/townhomes are currently under contract, a 10.2% increase from July. Based on this months data we are currently in a sellers market, only .8 months of inventory, in the Lake Norman condo market.

Stay up to date on the Lake Norman real estate market with our FREE market updates: LakeNormanHomePrices.com

Lake Norman Lots
In July 2017 26 lots sold in the Lake Norman area, an 18.8% decrease from the 32 lots sold in June 2017. July 2017 sales figures increased 18.2% from July 2016 when 22 Lake Norman lots sold.

The average sales price increased 19.3% from $226,709 in June to $270,542 in July. The July 2017 average sales price increased 7.7% from the July 2016 average sales price which was $251,211.

Average days on the market increased 36.6% from 131 in June to 179 in July. The July 2016 average days on the market were 146, a 22.6% increase in market time versus the same time period last year.

Currently there are 602 active lot listings for sale in the Lake Norman MLS area, a decrease of 3.1% from July. The average list price is $270,726, down .8% from July’s average list price of $272,987. The average days on the market are 528. 89 Lake Norman area lots are currently under contract, a 2.2% decrease from July. Based on this data, 23.2 months of inventory, we are in a buyers market for Lake Norman lots & land.

Stay up to date on the Lake Norman real estate market with our FREE market updates: LakeNormanHomePrices.com

The image below is provided by the local Realtor Association and uses a different map then we do so the stats will differ.
Click image for more legible picture.

Lake Norman Real Estate Market July 2017

Lake Norman Real Estate Market Update June 2017

Lake Norman Real Estate Market Update June 2017

Posted on by Mike

Lake Norman Real Estate Market Update June 2017

Lake Norman Homes
In June 2017 233 homes sold in the Lake Norman area, a 13.1% increase from the 206 homes sold in May and the highest monthly total on record. The June 2017 sales figures increased 6.9% from June 2016 when 218 homes sold in the Lake Norman area.

The average sales price decreased 4.5% from $507,837 in May to $484,940 in June. The June 2017 average sales price decreased 12.4% from the June 2016 average sales price which was $553,323.

Average days on the market decreased 11.4% from 79 days on the market in May to 70 days on the market in June. The June 2016 average days on the market were 72, a 2.8% decrease in market time from last year.

Currently there are 1014 active homes for sale in the Lake Norman MLS area, up 2.3% from June. The average list price is $758,524 down 2.4% from the June average list price of $758,524. The average days on the market are 154. 381 Lake Norman homes are currently under contract, down 2.6% from June. Based on this data we are currently in a sellers real estate market, 4.4 months of inventory, in the Lake Norman real estate market.

Stay up to date on the Lake Norman real estate market with our FREE market updates:LakeNormanHomePrices.com

Lake Norman Condos & Townhomes
In June 2017 31 condos/townhomes sold in the Lake Norman area, a 13.9% decrease from the 36 condos or townhomes sold in May 2017. June 2017 sales figures decreased 11.% from June 2016 when 35 Lake Norman condos sold.

The average sales price increased 1.4% from $228,130 in May to $231,302 in June. The June 2017 average sales price increased 10.1% from the June 2016 average sales price which was $210,120.

Average days on the market decreased 16.7% from 54 in May to 45 in June. The June 2016 average days on the market were 64, a 29.7% decrease in market time.

Currently there are 42 active condo/townhome listings for sale in the Lake Norman MLS area, a 13.5% increase from the 37 active condos for sale in June. The average list price is $272,612, up 3.9% from June’s average list price of $262,473. The average days on the market are 51. 49 Lake Norman condos/townhomes are currently under contract, a 3.9% decrease from June. Based on this months data we are currently in a sellers market, only 1.4 months of inventory, in the Lake Norman condo market.

Stay up to date on the Lake Norman real estate market with our FREE market updates: LakeNormanHomePrices.com

Lake Norman Lots
In June 2017 32 lots sold in the Lake Norman area, a 52.4% increase from the 21 lots sold in May 2017. June 2017 sales figures decreased 17.9% from June 2016 when 39 Lake Norman lots sold.

The average sales price increased 17.8% from $192,448 in May to $226,709 in June. The June 2017 average sales price decreased 24.9% from the June 2016 average sales price which was $301,851.

Average days on the market decreased 43.3% from 231 in May to 131 in June. The June 2016 average days on the market were 231, a 43.3% increase in market time versus the same time period last year.

Currently there are 621 active lot listings for sale in the Lake Norman MLS area, a decrease of 4.3% from June. The average list price is $272,987, up 4.7% from June’s average list price of $260,720. The average days on the market are 554. 91 Lake Norman area lots are currently under contract, a 16.7% increase from June. Based on this data, 19.4 months of inventory, we are in a buyers market for Lake Norman lots & land.

Stay up to date on the Lake Norman real estate market with our FREE market updates: LakeNormanHomePrices.com

The image below is provided by the local Realtor Association and uses a different map then we do so the stats will differ.
Click image for more legible picture.

Lake Norman Real Estate Market June 17

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About Lake Norman NC Real Estate

The Lake Norman Homes Team at Southern Homes of The Carolinas has been selling Lake Norman real estate since 1999 and has over 80 years of residential real estate experience, We have designed this comprehensive online Lake Norman housing guide to help you find the very best real estate deals in the Lake Norman area. Our state-of-the-art technology lets you search for ALL the available listings in Lake Norman and Charlotte area, including foreclosures, short sales and auction properties.

Unlike national sites, the MLS listings on our real estate web site are updated daily and do NOT contain "under contract" properties that are already in escrow, eliminating hours of wasted time and frustration.

Our comprehensive Lake Norman real estate search tools allow you to find homes for sale in Lake Norman by zip codes, by neighborhoods, or by school zones. You will also find specialized searches for homes with special amenities like lake access, boat slips and community swimming pools for example. In addition, each detailed listing includes:

Maps and Directions: Quickly see where a house is located and get driving directions.
Area Information: Check "Get Local" to view the closest stores, schools and restaurants.
Walk Scores: Enjoy the Outdoors? Find out if a neighborhood is "walk friendly" before you buy.
Mortgage Calculator: Figure your monthly payment on the spot for every property.
Save Favorites: Save and track your favorite properties to a special folder for easy reference.
Share with Friends: Share you favorite listings with friends with one click of a button.

Buying Lake Norman Real Estate

You will find this site loaded with information about all the new construction communities in Lake Norman, established communities, luxury estates, vacation properties, country club homes, lakefront condos, penthouse condos, foreclosures, "green real estate" choices and retirement communities like The Villages at Oak Tree.

If you are moving your business to Lake Norman, we can also help you locate commercial properties. You can sign up to receive automatic updates on a daily basis so that as new property listings come on the market you are immediately notified by email.

Selling Lake Norman Real Estate

We will suggest the best strategies for preparing your property for sale, and we have high-tech comprehensive marketing programs that will aggressively promote your listing daily to people around the world. Your home will be found online in all the major search engines by potential buyers. Most agents only have one website - our team has over 20, both local and regional. Plus we post your listing to the national syndicated real estate sites and use Social media to drive traffic to your property. More buyers = a higher sales price for you!

Order your free Market Analysis today and schedule an appointment to find out why we should be your listing agent. Or, if you're not quite ready to sell just yet, we will be happy to send you automatic updates on the new listings and closed sales for your neighborhood so you can keep on top of the market in the meantime. You can also check our "recently sold homes" and view our latest sales online.

Lake Norman Condos 

As a Lake Norman condo specialists we make sure our clients know which condo and townhome projects offer the best amenities. Check out Davidson Landing, Jetton Cove on Lake Norman, Admirals Quarters, Vineyard Point, Cove Key and more. Or sign up for automatic email updates on Lake Norman condos for sale in waterfront communities like Harborside or Portside.

Lake Norman Lots & Land 

There's not much vacant land left in the Lake Norman area. Big developers have been purchasing large tracts over the last 15 years and developing communities and subdivisions. However, you can search our website for available Lake Norman lot listings or signup for automatic email alerts on new Lake Norman lot listings.

Using Technology in Real Estate

Many of our clients are using the latest technology to assist them with their home search. Neighborhood videos are popular with buyers relocating from other areas, in addition to virtual tours of individual listings. And of course everyone loves the mobile apps that allow you to find homes as you are driving around neighborhoods, get the price and details online and see all available photos right from your car. Our website is mobile ready so there is no need to download an app to search Lake Norman real estate, just add our site to your home screen for easy access.

Our agents are also equipped to take video tours of specific homes for serious buyers that want more details. For clients that have compatible phones and apps, they can even do "Facetime" with live video chats, allowing you to view homes in real time and direct the course of the tour through the home. You can even have your agent go back through the home to see something you missed!

So please, have a look around, and contact us with any questions you might have about the Lake Norman real estate market or our real estate consulting services. Whether you are looking for modest starter home or a multi million estate, The Lake Norman Homes Team is dedicated to helping you find the perfect Lake Norman home to suit your lifestyle and budget.

The Lake Norman Homes Team specializes in residential real estate for sale in Lake Norman and Charlotte including the following communities: Catawba, Cornelius, Davidson, Denver, Huntersville, Mooresville, Sherrills Ford, Statesville, Terrell and Troutman.

Please contact us with any questions. You can fill out the form below, visit our contact us page, call us at 704-907-7907 or call us toll-free at 866-LakeNorman (866-525-3667).

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