Charlotte, NC Real Estate

Charlotte / Lake Norman Home Prices

 Charlotte home prices rise 8% from year ago

By Deon Roberts
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 704   next

22350 Country Club Lane -- 3 BR, 2 BA
Price: $1,799,000 (2077 sqft)
Subdivision: Country Club Shores
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Gene McKinney | MLS # 3731756 | Active
136 Eagle Chase Lane -- 4 BR, 4.1 BA
Price: $1,540,000 (4719 sqft)
Subdivision: Wildlife Bay
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Arlene Arciero | MLS # 3736382 | Active
111 Bunker Way -- 4 BR, 4.1 BA
Price: $1,450,000 (4922 sqft)
Subdivision: The Point
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Lori MacLeod | MLS # 3730297 | Contract
108 Longfellow Lane -- 5 BR, 5.2 BA
Price: $1,450,000 (5051 sqft)
Subdivision: The Point
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Tricia Murphy | MLS # 3730489 | Contract
140 Hunts Landing Drive -- 4 BR, 4.1 BA
Price: $1,199,725 (4530 sqft)
Subdivision: Hunts Landing
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Colleen Hunt | MLS # 3729867 | Active
144 Old Post Road -- 4 BR, 3.3 BA
Price: $1,150,000 (5167 sqft)
Subdivision: The Point
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Susan Jakubowski | MLS # 3735158 | Contract
208 High Lake Drive -- 3 BR, 3.1 BA
Price: $899,900 (3297 sqft)
Subdivision: Harbor Watch
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Michael Toste | MLS # 3703271 | Active
4589 Giles Avenue -- 3 BR, 3 BA
Price: $889,900 (3623 sqft)
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Michael Toste | MLS # 3710776 | Contract
7924 Bankhead Road -- 3 BR, 2 BA
Price: $865,000 (1267 sqft)
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Gale Howard | MLS # 3739062 | Active
165 Trollingwood Lane -- 4 BR, 2.1 BA
Price: $799,000 (3885 sqft)
Subdivision: Spring Acres
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Sherilyn Dlugolenski | MLS # 3734846 | Contract
226 Lytham Lane -- 4 BR, 3.1 BA
Price: $750,000 (4540 sqft)
Subdivision: Cowans Ford Country Club
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Edward Steve Perri | MLS # 3737988 | Active
162 Riverwood Road -- 4 BR, 3.1 BA
Price: $749,000 (4171 sqft)
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Dom DeMatteo | MLS # 3717062 | Contract
8102 Tadlock Trail -- 3 BR, 2 BA
Price: $710,000 (1668 sqft)
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Dana Derylak | MLS # 3738762 | Active
382 Kenway Loop -- 4 BR, 4.1 BA
Price: $625,000 (3682 sqft)
Subdivision: Woodleaf
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Edward Steve Perri | MLS # 3643628 | Contract
330 Riverwood Road -- 4 BR, 3.1 BA
Price: $625,000 (3022 sqft)
Subdivision: Mccrary Woods
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Dom DeMatteo | MLS # 3738978 | Contract
7399 Albemarle Drive -- 5 BR, 4 BA
Price: $575,000 (4178 sqft)
Subdivision: Covington at Lake Norman
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Colleen Hunt | MLS # 3707098 | Contract
172 Streamwood Road -- 5 BR, 4 BA
Price: $555,000 (4182 sqft)
Subdivision: Falls Cove
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Rachel Payton | MLS # 3726526 | Contract
3639 Drum Campground Road -- 3 BR, 2 BA
Price: $549,900 (1788 sqft)
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Michael Toste | MLS # 3711690 | Contract
7196 Executive Circle -- 3 BR, 2.1 BA
Price: $539,900 (2154 sqft)
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Michael Toste | MLS # 3710781 | Contract
19728 Schooner Drive -- 4 BR, 3.1 BA
Price: $535,000 (2700 sqft)
Subdivision: Rockridge Shores
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Michael Toste | MLS # 3728610 | Contract

Listings 1 - 20 of 704   next


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