lake norman luxury homes: Lake Norman Real Estate: What do recent sales in The Point tell us? - 11/21/09 08:00 AM
The Point in Mooresville NC is arguably the most prestigious luxury community in all of Lake Norman and it is also the largest with 18 miles of beautiful Lake Norman's shoreline. So, when I see interesting changes in housing numbers in The Point I try to put them in context to see if they are in fact an indicator of a significant shift or trend.
Back on September 18, 2008 I wrote: The Point in Lake Norman: A Case Study #2. In this report I noted that we had 123 active listings which translated at the time to a whopping … (1 comments)
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lake norman luxury homes: Lake Norman's Luxury Home Market Update - 03/12/09 03:56 PM
I couldn't resist having a little fun while providing an update of our Lake Norman luxury home sales. Above is a home we locals refer to as the "Taco Bell" house. It is located in The Point on the Brawley Peninsula and serves as a great landmark when out boating on the lake!
So, what is happening with luxury homes in Lake Norman? In gerneral, sales above $750,000 have been quite slow:
Active Listings: As you can see, we have 456 homes priced over $750,000 in Lake Norman and 12 have sold since the beginning … (8 comments)
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lake norman luxury homes: Lake Norman Waterfront Homes Sales Update - 09/15/08 04:42 PM
Waterfront homes on Lake Norman historically have marched to the beat of a different drummer. Until about March of 2007 our waterfront homes and lots were appreciating at a much faster rate than the non-waterfront homes throughout the Lake Norman area. Because we have a finite number of watefront lots/homes, the limited supply and high demand is in stark contrast to most of the greater Lake Norman area where land is still plentiful. Traditionally, the average price of a Lake Norman home is about twice the price of a waterview home and more than double the price of a home without a waterview or lake … (5 comments)
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lake norman luxury homes: Lake Norman's Luxury Real Estate Market: Is it coming back to life? - 04/24/08 08:43 AM
Two things prompted my to write this post about high-end real estate sales in Lake Norman: A series of national articles about ‘affluent' or ‘wealthy' home buyers and several recent Lake Norman sales of homes over $3 million. Since there have been NO sales in the greater Lake Norman area of homes over $3 million since 5/14/07, the points in the three articles I read made some sense:
‘Wealthy Homeowners Take Advantage of Market' by Blanche Evans of Realty Times (4/17/08) is an analysis of ‘The Annual Survey Of Affluence and Wealth in America' from American Express and the Harrison Group. (Participants were divided … (14 comments)
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