lake norman market report: Lake Norman Home Sales December Hot Sheet - 12/26/09 08:33 AM
This month may be one of the most significanat to date for gaining a clearer sense of direction for our future Lake Norman real estate market. We know that November experienced stronger sales due in part to the expectation of the expiration of the first-time buyer tax credit. If sales continue to show improvement this month, it may be an indication that the bargains are drawing more and more buyers into the Lake Norman housing market.
One interesting thing I have observed is that many banks want properties off their books by the end of the year. I just has a short sale approved … (3 comments)
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lake norman market report: Lake Norman Real Estate's Friday Hot Sheet August 14, 2009 - 08/15/09 02:54 PM
Lake Norman Hot Sheet: August 14, 2009
I always look forward to doing the research for my Friday Hot Sheets because it gives me a chance to see the most recent snapshot of what is REALLY going on with our Lake Norman Real Estate Market. It can be confusing and frustrating to follow the national real estate news because their reports are a month or more behind and our local market is usually quite different from the national trends.
The above chart is a summary of today's "Hot Sheet" from the Charlotte Multiple Listing Service for single family homes … (6 comments)
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lake norman market report: Lake Norman NC July 2009 Home Sales Analysis - 08/03/09 07:59 AM
Last week seemed to be one in which every source/pundit of economic news decided to put a positive spin on new data; from our GDP to national June housing sales. For the most part the news was good simply because we didn't do as badly as predicted. Or, in the case of North Carolina existing home sales, they posted their "smallest decline since August 2007 in June with a 17% decrease in total units sold compared to the previous year" according to the North Carolina Association of Realtors.
What concerns me is that this type of news will encourage more optimism in … (6 comments)
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lake norman market report: Lake Norman NC 2nd Quarter 2009 Sales Analysis - 07/04/09 07:24 AM
If you are a regular reader of my Lake Norman Real Estate blog, you will know that I provide three different types of sales analysis:
2-week snapshots called Hot Sheets for up-to-the minute Lake Norman housing data Monthly sales reports which compare it to the previous year and prior month Quarterly sales reports which provide two separate reports; an overview of the 2nd quarter and then a break down by price-range.
IMPORTANT FINDINGS
Our current inventory of active listings has actually dropped by 11%. While they are still too high, this is certainly a move in the right direction. … (1 comments)
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lake norman market report: Lake Norman Real Estate's Friday Hot Sheet June 2009 - 06/14/09 08:03 AM
Friday Hot Sheet: June 12, 2009
I must admit I have been exceptionally busy these past several months which had increased my curiosity about our current home sales numbers. Above is a chart with today's "Hot Sheet" numbers from the Charlotte Regional Multiple Listing Service for single family homes in all of Lake Norman (Area 13). These numbers represent a snapshot of the past two weeks activity. As always, I have included the prior 6 months so that you can put these numbers into perspective.
Here are some highlights:
New listings … (24 comments)
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lake norman market report: Lake Norman NC April 2009 Friday Hot Sheet - 04/18/09 07:37 AM
Lake Norman Real Estate's Friday Hot Sheet
April 17, 2009
* Data from Charlotte Regional MLS
Above is a chart with today's "Hot Sheet" numbers from the Charlotte Regional Multiple Listing Service for single family homes in the Lake Norman area (13/1 - 13/5). These numbers represent a snapshot of the past two weeks of activity. As always I have included prior months so that you can put these numbers into context.
Here are some highlights:
New listings are increasing. While this is normal for this time of year, our total number of active listings in the Lake Norman area has climbed … (6 comments)
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lake norman market report: Lake Norman Real Estate's Friday Hot Sheet 2/20/09 - 02/21/09 04:35 PM
Lake Norman Real Estate Friday Hot Sheet
February 20, 2009
Above is a chart with today's "Hot Sheet" numbers from the Charlotte Multiple Listing Services for single family homes in Lake Norman (Area 13). These numbers represent a snapshot of the past TWO weeks of activity. As always, I have provided 2-week Hot Sheets from the past to enable you to put these numbers in context. Here are the highlights:
New listings dropped slightly but still remain very high when considering the fact that only 27 properties closed during this same two-week period. If we add these … (3 comments)
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lake norman market report: Lake Norman Real Estate 4th Quarter Sales Analysis - 01/11/09 05:07 PM
We are truly being bombarded in the local and national news with stories about the crisis in the US housing market. With so much information gathered by using a variety of sources of information, it can be difficult to know exactly how this news pertains to our local Lake Norman housing market.
Using the data from the Charlotte Regional Multiple Listing Service for the Lake Norman area (13 1-5) as I do every quarter, I have provided you with an overall summary of the 4th quarter of 2008 as well as a detailed breakdown by price range:
Lake Norman 4th Quarter 2008 Housing Sales Overview
… (5 comments)
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lake norman market report: Lake Norman Real Estate: December 2008 Market Report - 01/04/09 10:32 AM
Wow, what a year! After a significant drop in closed sales in November, we actually had a pretty strong December when compared not only with November 2008 but with December 2007. And, we in the Lake Norman area were not alone. December seemed to be a better month for communities all over the country. Speculation is that the drop in interest rates bumped the sales up. It is hard to know how long this bump will last but it's sure nice to have some halfway good news to report!
Active Listings: The good news is that our number of … (4 comments)
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lake norman market report: Lake Norman Real Estate: October 2008 Market Report - 11/30/08 07:57 AM
As I was preparing this summary of Lake Norman's October housing market my curiosity got the better of me. While it is important to compare our sales to October 2007 we are now well over a year in our Lake Norman real estate downturn and so I realized it is very important to now look at our sales in context of the past 4 years to get a grasp of the entire picture of our Lake Norman housing market.
So, first I did my usual monthly analysis:
Lake Norma Real Estate Market Statistics for October 2008
As you can see, … (7 comments)
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lake norman market report: Lake Norman 3rd Quarter 2008 Sales Analysis - 10/09/08 08:55 AM
It probably does not surprise you that the Lake Norman real estate market is still feeling the affects of our serious national economic challenges as well as the struggling housing markets throughout the U.S. both emotionally and statistically.
To give you some real examples, I currently have about 20 extremely well-qualified buyers relocating to the Lake Norman area from throughout the country ranging in price from the $200,000's up to $5 million. About one third are waiting for their homes to sell before they purchase their Lake Norman home but plan to move here as soon as possible once … (2 comments)
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lake norman market report: Lake Norman Market Report - 09/27/08 09:25 AM
LAKE NORMAN RESIDENTIAL REAL ESTATE HOT SHEET
September 26, 2008
My sixth bi-monthly Lake Norman market at a glance
Above is a chart with our Friday's "hot sheet" numbers from the Charlotte Multiple Listing Services for all single family homes in Lake Norman (area 13). For comparison, I have provided numbers from two weeks ago and earlier this year. Here are some highlights:
Our pending and number of closed sales were both down to all time lows. Pending home sales dropped by -18% compared to two weeks ago and closed sales dropped -12%.
New listings were down to an all time low. Inventory … (7 comments)
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lake norman market report: Lake Norman Home Sales Friday Hot Sheet 9/12/08 - 09/13/08 03:23 PM
LAKE NORMAN RESIDENTIAL REAL ESTATE HOT SHEET
September 12, 2008
My fifth bi-monthly Lake Norman Friday Hot Sheet is here!
Above is a chart with Friday's "hot sheet" numbers from the Charlotte Multiple Listing Services for all single family homes in Lake Norman (area 13). For comparison, I have provided numbers from three weeks ago and earlier this year. Here are some highlights:
Our pending and number of closed sales are identical to three weeks ago. While these are the lowest since April, because this includes Labor Day and back-to-school I see this as a sign that our market … (7 comments)
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lake norman market report: Lake Norman August Housing Report - 09/03/08 04:18 PM
Our Lake Norman real estate market is constantly in motion. I hear so many opinions from fellow Realtors here that I find myself turning to the MLS data regularly to see if there are any significant signs of change I can share with you.
August felt like a market that, while struggling, was beginning to show signs that home sellers and builders "get it". Price reductions have been more significant and more frequent. Sellers that are not serious are pulling their homes off of the market choosing to wait it out. Those less fortunate, both sellers and builders, are now … (7 comments)
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