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 653 next →
Price: $6,900,000 (5540 sqft)
Subdivision: Flagship
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Terri Mayhew | MLS # 4225782 | Active
Price: $4,988,400 (5692 sqft)
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Kathy Day | MLS # 4365780 | Active
Price: $4,200,000 (3673 sqft)
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Jack Beckman | MLS # 4364716 | Coming soon
Price: $1,995,000 (4589 sqft)
Subdivision: Wrights Emerald Cove
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Katherine Hansen | MLS # 4364337 | Active
Price: $1,895,000 (4975 sqft)
Subdivision: The Point
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Pauline Williams | MLS # 4297139 | Active
Price: $1,875,000 (5183 sqft)
Subdivision: Hunts Landing
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Colleen Hunt | MLS # 4337376 | Active
Price: $1,859,000 (5257 sqft)
Subdivision: Crescent Land and Timber
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Willard Leach | MLS # 4337466 | Active
Price: $1,499,000 (3732 sqft)
Subdivision: The Peninsula
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Beth Graichen | MLS # 4283971 | Active
Price: $1,395,000 (2091 sqft)
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Michael Toste | MLS # 4354705 | Contract
Price: $947,000 (4097 sqft)
Subdivision: Shady Cove
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Alina Lorenzo | MLS # 4355246 | Active
Price: $809,000 (3286 sqft)
Subdivision: Winding Forest
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Alina Lorenzo | MLS # 4340159 | Active
Price: $775,000 (2591 sqft)
Subdivision: Trilogy Lake Norman
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David Henderson | MLS # 4345390 | Contract
Price: $729,900 (3427 sqft)
Subdivision: Eastwind Cove
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Wisdom Stikeleather | MLS # 4358146 | Active
Price: $699,999 (2639 sqft)
Subdivision: Blue Stone Harbor
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Wisdom Stikeleather | MLS # 4333436 | Active
Price: $686,000 (3788 sqft)
Subdivision: Fernbrook
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Cristin Dorninger | MLS # 4350552 | Contract
Price: $650,000 (2230 sqft)
Subdivision: Sawyers Landing
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Dana Derylak | MLS # 4353778 | Contract
Price: $635,000 (3723 sqft)
Subdivision: Regency Lake Village
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Jolene Handysides | MLS # 4007878 | Contract
Price: $555,000 (2087 sqft)
Subdivision: The Springs at Westport Club
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Vicki Dalton | MLS # 4315089 | Active
Price: $545,000 (1536 sqft)
Subdivision: Bridgeport
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Angela Cook | MLS # 4340697 | Contract
Price: $516,261 (1580 sqft)
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Rebecca Bouknight | MLS # 4343849 | Active
Listings 1 - 20 of 653 next →
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PH: 704-622-4723
FX: 704-896-3195
PH: 704-622-4723
FX: 704-896-3195
Mobile Phone Site www.fivestarhomeinspections.mobi
Inspection Website www.fivestarhomeinspections.us
Inspection Website www.fivestarhomeinspections.us
Custom Homes Website www.fivestarcustomhomes.com
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Refer to the “Martin Real Estate Team” for a Discount.
**For this or other Lake Norman Home Related services, please visit our Lake Norman Vendors List**
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Martin Real Estate Team
19901 W Catawba Ave
Cornelius, NC 28031
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