My bi-monthly Lake Norman Friday Hot Sheet is here!
As I stated two weeks ago, despite all of our technology, one part of our real estate practice has consistently been an important part of our routine...pulling the daily, or in this case, bi-monthly Hot Sheet which gives us a snapshot update for all residential real estate activity in Lake Norman for the past two weeks. Above is a chart with today's numbers and then, for comparison, numbers from the past two weeks and earlier this year. … (2 comments)
On May 5th, 2008 I listed a lovely two-story Colonial in a waterfront community on Lake Norman NC. The house next door as well as many others in the same subdivision had been on the market for well over a year. The ultimate buyer of my listing saw it on May 6th (thanks to the photos on the Internet) and intended to write an offer that day but they wanted to write a contingency in for a pool which my clients and I would not accept. On May 23, just a day after getting confirmation from the county … (86 comments)
lake norman real estate: Lake Norman's Waterfront Community Bay Crossing
- 07/02/08 04:12 AM
If you are looking for a special waterfront housing community on Lake Norman with new or newer custom homes, wooded lots with a sense of natural serenity and privacy yet an easy commute to the I-77 (and NOT down Brawley School Road), you should definitely visit Bay Crossing.
Located just off of Perth Road in Mooresville, Bay Crossing is a beautifully designed and well maintained community featuring a wonderful array of architectural design styles and sizes.
The homes range in size from just under 3000 sq. ft. to over 7000 sq. ft. and offer myriad … (4 comments)
lake norman real estate: Lake Norman Real Estate's Friday Hot Sheet
- 06/27/08 10:01 AM
Announcing a new feature for this Lake Norman Real Estate Blog: The Friday Hot Sheet! Despite all of our technology, one part of our real estate practice has consistently been an important part of our routine...pulling the daily, or in this case, bi-monthly Hot Sheet which gives us a snapshot update for all residential real estate activity in Lake Norman for the past two weeks. Above is a chart with today's numbers and then, for comparison, numbers I pulled throughout the spring. Here are some highlights:
The past two weeks almost mirror the first two weeks in June. … (10 comments)
The Charlotte Observer's front-page Business Section headline today is: "Charlotte home prices slip for the year...It's the first such drop since 1991, and things are a lot worse elsewhere - but that's little comfort for homeowners who can't sell." This article goes on to quote the latest of the popular S&P/Case-Shiller's Home Price Index which states that Charlotte area prices have dropped .1% in the 12 months through April 2008. However, "the Charlotte market was strongest in the survey of 20 Cities".
According to Mark Vitner, senior economist with Wachovia (who is headquartered right here in Charlotte), "Charlotte … (6 comments)
One of the newest peninsulas to be developed on Lake Norman is Fern Hill Road which straddles the towns of Mooresville on the south and Troutman on the north:
Woodleaf is an interesting subdivision that winds its way along the water view side of Kenway Loop and inland along several new streets as well.
Developed in 2006, most of the homes for sale are new construction on heavily wooded lots. They range in price from $489,900 to about $800,000 depending on the size of the home, the builder and the location of the lot. … (3 comments)
So, it's 100 degrees outside today, June 10th, in the greater Lake Norman area. A great day to stay inside and crunch some housing numbers. As I was thinking of the rather gloomy U.S. economy, it reminded me of the term we used in LA for our June weather due to the daily morning fog: "June Gloom". But is the real estate market in Lake Norman really gloomy? It's been about 4 weeks since my last update on our Lake Norman housing market. While I always find it interesting to look at and play with the latest numbers from our Charlotte Regional … (6 comments)
lake norman real estate: Lake Norman Real Estate: Our Schizophrenic Communities
- 06/06/08 05:19 AM
When one thinks of our Lake Norman communities images of large estates on the water, new upscale shopping and restaurants, and a lifestyle revolving around the myriad lake recreational opportunities most likely come to mind .
But, on the east side of Lake Norman, the towns of Huntersville, Cornelius, Davidson, Mooresville and Troutman truly have two distinct and very different personalities related to their location of the Interstate 77.
One has to remember that all 5 of these towns were originally founded along the path of the north/south railroad from Charlotte to Statesville long before Lake Norman was … (7 comments)
One of the hottest areas for housing growth on Lake Norman is along Fern Hill Rd. Straddling Mooresville and Troutman, Fern Hill Road curves its way through farms and forests from just west of the I-77 to the shores of Lake Norman.
When you first travel west on Fern Hill you will pass farms dotted along the country side amongst brand new upscale subdivisions. Some of this farmland is actually part of the Voluntary Farmland Preservation District.
As you get closer to the Lake Norman, the farms give way to heavily wooded forests and slightly … (3 comments)
After looking at Lake Norman waterfront home prices, buying a waterfront lot on Lake Norman may seem like a pretty good alternative. After all, in our real estate database we currently have 288 waterfront residential lots for sale starting at $125,000 on up to about $2 million. So, if you look even as high as $300,000 - $400,000 surely you will find a nice lot with lovely views something like the one above: Wide open views of the lake and lovely homes along the opposite shoreline in the distance? Not so much.
The reality is that Lake Norman has myriad tiny coves that … (4 comments)
Some of the Lake Norman neighborhoods with the most character and personality are not in subdivisions. If you are looking for a more eclectic lifestyle where life is a bit kinder and gentler, I encourage you to take a drive down McKendree Road.
Located off of Brawley School Rd just before you reach The Point, McKendree Road leads to numerous winding waterfront loops and lanes nestled in tall trees.
As you drive along these roads you will pass by the few remaining old mobile homes, many charming lake cottages and large custom homes all happily coexisting. Neighbors out walking or … (3 comments)
Most articles about Lake Norman real estate and even most Lake Norman area real estate websites focus primarily on the many wonderful subdivisions in our area. However, these subdivisions do not reflect the majority of homes and neighborhoods along the shores of Lake Norman. I would guess that more than half of the homes along the lake are NOT in large subdivisions and therefore offer an entirely different lifestyle many times overlooked by those relocating.
To understand this split-personality one needs to know a bit about our history. Lake Norman is a result of Duke Energy's design to harness … (15 comments)
One of THE most confusing terms I heard when I first moved to Lake Norman and re-established my real estate business was the term "perk". I would hear agents ask such questions as: Did the land perk? How many bedrooms did it perk for? When I visited a new housing subdivision in Mooresville the agent on duty told me they were delaying construction because only 20 lots ˜perked.
So what in the world does ˜perk mean? Technically, it is short for the term: Percolation. And, very simply, a perk test measures the ability of the soil to absorb water. "The percolation … (9 comments)
When my husband and I first starting looking at real estate in Lake Norman (and even the greater Charlotte area) I expected to find myriad Colonial and Plantation style homes like the one I just listed above. (137 Mussel lane: See link below for more photos).
What we discovered was that most homes around Lake Norman were newer and that the building trends had resulted in mostly 2-story brick or stone-front homes, no clearly recognizable architectural style and very few wonderful front porches like this one at 137 Mussel Lane. Recently, there has been a trend towards building more … (10 comments)
lake norman real estate: Lake Norman Real Estate: April Showers bring...?
- 05/05/08 12:29 AM
After some wonderful, much needed rain in April, I have never seen our Lake Norman gardens so beautiful. The lake levels are high and the skies are bright blue. What more could we ask for? Well how about some signs of a housing market upturn! I wish I could reassure all of you that the worst is behind us. April was definitely an improvement over our first quarter but sales AND prices are still weak compared to April of 2007 and we still have a significant imbalance of inventory of active listings versus sales. You might have read the article in the business section of The Charlotte Observer on this past Wednesday, … (7 comments)
lake norman real estate: Lake Norman Real Estate: Waterfront Home Sales Update
- 04/29/08 09:03 AM
One of the special opportunities for home buyers in Lake Norman are the wonderful waterfront homes along the 550 miles of shoreline. Up until the past year this segment of our real estate market consistently out performed the rest of the Lake Norman housing market. This was most certainly due to the nature of supply and demand as there are a finite number of homes and lots available on the lake itself. When you look at the statistics for waterfront homes today it becomes clear that this category of Lake Norman real estate has been hit a bit harder than the rest of our … (7 comments)
lake norman real estate: Is The Point Mooresville Lake Norman's Ultimate Luxury Community?
- 04/13/08 04:45 AM
Picture 1,200 acres of lush gardens nestled in tall trees along 18 miles of the most beautiful shoreline of Lake Norman and you can begin to imagine arguably Lake Normans preeminent housing community: The Point. Now add an 18-hole golf course designed by Greg Norman, a Nantucket style village and 900 luxury homes built on large home sites by a group of the most respected builders hand-picked by Crescent Communities and the result is an upscale country club lifestyle blended perfectly with the casual Lake Norman lifestyle. Welcome to The Point!
What makes the Point special?
The Point has been recognized for their environmentally … (8 comments)
lake norman real estate: Relocating to Mooresville Lake Norman: What you should know before buying: Part 5
- 03/30/08 03:03 PM
Every state and region of our country has its own areas of focus when doing a home inspection and the Mooresville Lake Norman area is no different. In Parts 1-4 I discussed the real estate contracts, siding, moisture issues, pest reports and radon. There are three addtional inspections and reports you should also order AT THE SAME TIME AS THE PHYSICAL INSPECTIONS: Water test if your Lake Norman home has it's own well (And most either have their own well or a community well)Septic Tank Inspection and PumpingSurvey of lot lines Well Water: If the home you are purchasing is close to Lake Norman or beyond the … (6 comments)
lake norman real estate: Does Lake Norman NC have affordable housing?
- 02/22/08 08:37 AM
Would you be surprised if I told you that there are 43 single family homes for sale in the towns surrounding Lake Norman that are listed UNDER $100,000? What you don't see on most websites about Lake Norman is any information about the modest older homes that are dotted about our more rural areas and clustered around our downtowns. All of the communties of Mooresville, Davidson, Cornelius, Huntersville and Troutman on the east side of Lake Norman truly have two distinct cultures that stem from their historic roots as railroad stopping points for our cotton farmers and the spectacular housing and retail growth along the lake in the past two decades. The … (6 comments)
I have written quite a bit about Lake Norman real estate and how wonderful life is here, but what I have yet shared is that the Lake Norman area is extremely pet-friendly! Thanks to the availability of homes with large lots, an abundance of parks and open space and our huge Lake Norman, I can't think of a better place to have pets, particularly dogs. If you drive around looking at homes, you won't see a lot of fenced yards unlike other areas of the country. As a matter of fact, when I take a walk I see a large Doberman … (12 comments)
LAKE NORMAN RESIDENTIAL REAL ESTATE HOT SHEET
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