Charlotte / Lake Norman Home Prices
Charlotte home prices rise 8% from year ago
By Deon Roberts
www.charlotteobserver.com
Posted: Tuesday, May. 06, 2014 (slightly revised for posting)
Charlotte, NC area homes prices rose 8 percent in March from the same month last year, as low supplies of homes for sale continued to drive up prices nationwide, a report Tuesday showed.
March marked the 27th month in a row of annual increases in the Charlotte / Lake Norman Real Estate for Sale region, Irvine, Calif.-based CoreLogic said. Nationally, home prices rose 11.1 percent from a year ago, for the 25th month in a row of annual price gains.
Rising home prices nationwide, as well as tight inventories and tougher lending requirements, are becoming an increasing drag on the U.S. housing market, the report said.
“March data on new- and existing-home sales was weaker than expected and is a cause for concern as we enter the spring buying season,” Mark Fleming, chief economist for CoreLogic, said in a statement.
Inventories of homes remain stubbornly low in Charlotte / Lake Norman and elsewhere. Last week, the National Association of Realtors said the national median price for existing homes is expected to increase by 6 to 7 percent this year because of inventory shortages in much of the U.S.
Industry observers blame the low Lake Norman inventory on multiple factors. Some potential sellers who bought at the peak of the housing market still owe more than their homes are worth and are waiting for prices to rise more before they sell. Also, some potential sellers are reluctant to list their homes because low supplies are making it hard for them to find their next home purchase.
Contact Us for more information 704.900.1619 (ext. 101 – 103) – Martin Real Estate Team of Lake Norman or to discuss other Lake Norman Homes
Lake Norman homes
Listings 1 - 20 of 545 next →
Price: $4,950,000 (8834 sqft)
Subdivision: The Peninsula
→ More info
Meredyth Holdenrid | MLS # 4116658 | Active
Price: $4,790,000 (7456 sqft)
Subdivision: The Point
→ More info
Clarke Crawford | MLS # 4120597 | Active
Price: $4,500,000 (5714 sqft)
Subdivision: Vista Lago
→ More info
Kathy Day | MLS # 4085004 | Active
Price: $3,799,000 (5428 sqft)
Subdivision: The Point
→ More info
Dom DeMatteo | MLS # 4115639 | Contract
Price: $2,490,000 (6328 sqft)
Subdivision: The Point
→ More info
Gale Howard | MLS # 4114545 | Contract
Price: $1,400,000 (3520 sqft)
Subdivision: Stutts Circle
→ More info
Beth Graichen | MLS # 4081044 | Contract
Price: $1,300,000 (4196 sqft)
Subdivision: Watertree Landing
→ More info
Tom Robisky | MLS # 4101284 | Contract
Price: $1,099,000 (4105 sqft)
Subdivision: Lakewood
→ More info
Ed Sink | MLS # 4121542 | Contract
Price: $970,000 (3412 sqft)
Subdivision: Beacon Pointe
→ More info
Kim Zarybnicky | MLS # 4085172 | Contract
Price: $769,000 (5023 sqft)
Subdivision: Shavenders Bluff
→ More info
Erin Boyd | MLS # 4071534 | Contract
Price: $635,000 (3723 sqft)
Subdivision: Regency Lake Village
→ More info
Jolene Handysides | MLS # 4007878 | Contract
Price: $594,500 (2432 sqft)
Subdivision: Windstone at Autumn
→ More info
AnnMarie DeRosa | MLS # 4083474 | Contract
Price: $519,900 (2968 sqft)
Subdivision: Atwater Landing
→ More info
Alina Lorenzo | MLS # 4110035 | Contract
Price: $439,000 (1600 sqft)
Subdivision: Bordeaux
→ More info
Sandy Reynolds | MLS # 4130681 | Active
139 Hollen Lane -- 10 BR, 11.7 BAPrice: $22,000,000 (9870 sqft)
→ More info
Hart Real Estate | MLS # 4096193 | Active
14051 Island Drive -- 5 BR, 6.2 BAPrice: $18,000,000 (12636 sqft)
→ More info
Premier Sotheby's | MLS # 4020713 | Active
18019 Harbor Light Boulevard -- 6 BR, 7.4 BAPrice: $16,000,000 (15048 sqft)
Subdivision: The Peninsula
→ More info
Premier Sotheby's | MLS # 3895525 | Active
154 Tennessee Circle -- 6 BR, 7.2 BAPrice: $12,500,000 (11112 sqft)
→ More info
The Agency - Charlotte | MLS # 4099910 | Active
173 Rehoboth Lane -- 5 BR, 5.3 BAPrice: $10,000,000 (8750 sqft)
Subdivision: The Point
→ More info
Keller Williams Lake | MLS # 4087619 | Active
132 Lightship Drive -- 4 BR, 4.2 BAPrice: $7,995,000 (9794 sqft)
Subdivision: The Point
→ More info
Ideal Realty inc | MLS # 4097424 | Active
Listings 1 - 20 of 545 next →
