Overview of the single family luxury market (defined as $1,000,000 and up) for Charlotte NC and surrounding areas for January 2007:

• Currently on the market: 109 homes (on the market an average of 68 days)
• Current under contract (pending): 28 homes (on the market an average of 129 days)
• Sold in January: 22 homes (on the market an average of 115 days)
• Average price of currently available homes: $1,750,513
• Average price of homes sold in January: $1,640,430

For more information on the luxury home market in Charlotte NC and surrounding areas (including Lake Norman), please visit http://www.leighbrownandassociates.com/.

This home in Jacob's Ridge in Kannapolis NC (just north of Charlotte) is currently under construction, scheduled for completion in late February 2007.  Asking price $1,600,000 for 5566 heated square feet on 1.67 acres.