Charlotte, NC Real Estate

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

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139 Hollen Lane -- 10 BR, 11.7 BA
Price: $22,000,000 (9870 sqft)
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Hart Real Estate | MLS # 4096193 | Active
14051 Island Drive -- 5 BR, 6.2 BA
Price: $18,000,000 (12636 sqft)
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Premier Sotheby's | MLS # 4020713 | Active
18019 Harbor Light Boulevard -- 6 BR, 7.4 BA
Price: $16,000,000 (15048 sqft)
Subdivision: The Peninsula
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Premier Sotheby's | MLS # 3895525 | Active
154 Tennessee Circle -- 6 BR, 7.2 BA
Price: $12,500,000 (11112 sqft)
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The Agency - Charlotte | MLS # 4099910 | Active
173 Rehoboth Lane -- 5 BR, 5.3 BA
Price: $10,000,000 (8750 sqft)
Subdivision: The Point
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Keller Williams Lake | MLS # 4087619 | Active
18000 Whispering Oaks Drive -- 5 BR, 6.3 BA
Price: $8,000,000 (7308 sqft)
Subdivision: Point Largo
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Nestlewood Realty, LLC | MLS # 4002519 | Active
132 Lightship Drive -- 4 BR, 4.2 BA
Price: $7,995,000 (9794 sqft)
Subdivision: The Point
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Ideal Realty inc | MLS # 4097424 | Active
19419 Tresia Lane -- 7 BR, 6.2 BA
Price: $7,200,000 (6932 sqft)
Subdivision: Diane Shores
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Premier Sotheby's | MLS # 4064518 | Active
4516 Slanting Bridge Road -- 3 BR, 2 BA
Price: $6,885,000 (1494 sqft)
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RE/MAX Executive | MLS # 4073500 | Active
22350 Country Club Lane -- 6 BR, 6.1 BA
Price: $6,750,000 (6460 sqft)
Subdivision: Country Club Shores
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Helen Adams Realty | MLS # 4097389 | Active
135 Potomac Lane -- 6 BR, 6.1 BA
Price: $6,720,202 (6148 sqft)
Subdivision: The Preserve at Windsor Pointe
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Nestlewood Realty, LLC | MLS # 3851688 | Contract
166 Iron Gate Circle -- 5 BR, 6.1 BA
Price: $6,500,000 (4879 sqft)
Subdivision: The Cove
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Trump International | MLS # 4111645 | Active
8397 Ranger Island Marina Road -- 7 BR, 7.2 BA
Price: $6,500,000 (7071 sqft)
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Nestlewood Realty, LLC | MLS # 4007345 | Active
18601 Bluff Point Road -- 4 BR, 4.1 BA
Price: $6,499,000 (5659 sqft)
Subdivision: Cornelius
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Ivester Jackson | MLS # 4113379 | Active
193 Attleboro Place -- 4 BR, 4.1 BA
Price: $5,495,000 (5488 sqft)
Subdivision: The Point
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Premier Sotheby's | MLS # 4113853 | Contract
15503 Fishermans Rest Court -- 5 BR, 5.1 BA
Price: $4,950,000 (7032 sqft)
Subdivision: The Peninsula
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Allen Tate Lake Norman | MLS # 4061361 | Contract
9057 Unity Church Road -- 5 BR, 4.3 BA
Price: $4,500,000 (5741 sqft)
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RE/MAX EXECUTIVE | MLS # 4110550 | Contract
20114 Norman Colony Road -- 6 BR, 6.1 BA
Price: $4,499,000 (7003 sqft)
Subdivision: Norman Colony
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Carlyle Properties | MLS # 4073063 | Active
19819 Stough Farm Road -- 5 BR, 6.1 BA
Price: $4,275,000 (5702 sqft)
Subdivision: Patricks Purchase
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Ivester Jackson | MLS # 4119593 | Active
519 Isle Of Pines Road -- 4 BR, 4.1 BA
Price: $4,250,000 (5465 sqft)
Subdivision: Isle of Pines
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High Ground | MLS # 4050717 | Contract

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