Whether you are a potential home buyer considering the greater Lake Norman area or a Lake Norman homeowner trying to determine the best time to sell, it has never been more important to be informed in every possible way about our local Lake Norman real estate market. Our Lake Norman housing market continues to change rapidly. What was true even a month ago may not be true today. That said, here is the summary of Lake Norman single family home sales and statistics for this past February. (The period ending yesterday):
My sixth bi-monthly Lake Norman Friday Hot Sheet is here!
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 the past 5 months. Here are some highlights:
Our pending and number of closed sales were both down to all time lows. Pending home sales dropped by -30% compared to 4 weeks ago and closed sales dropped -3%. New listings were up slightly from the last report. I was truly hoping that our … (5 comments)
lake norman sales analysis: Lake Norman Real Estate Market Report: 1st Quarter 2008
- 04/03/08 02:24 AM
We have just closed the books on the 1st quarter 2008 of home sales in Lake Norman (Area 13 above) and as one might expect, the numbers certainly substantiate a continued buyers market with a very large inventory of active listings compared to the number of homes sold. As I stated last quarter, there is no doubt that our Lake Norman home sales have been greatly impacted by the number of "transplants" who traditionally relocate to our area in the spring as they are still struggling to sell their homes in the Northeast, Midwest, California and Florida. Home buyers considering Lake Norman are … (1 comments)
lake norman sales analysis: Lake Norman Real Estate 4th Quarter Sales Analysis:
- 01/02/08 09:19 AM
Real estate is in the news just about every day. Between the national decline in sales, the sub-prime mortgage meltdown, increases in foreclosures and tougher mortgage standards, it's been a busy time for real estate. I doubt that the fact that we are in a buyers market in Lake Norman is surprising to you. However, once again, I must quote the saying "all real estate is local" and take it one step further. Lake Norman real estate has pockets of strengths and weaknesses as well as overall trends and it is very important to be armed with this specific information when pricing your Lake Norman home … (2 comments)
By Diane Aurit | March 2, 2009
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