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 617 next →
Price: $2,960,000 (5110 sqft)
Subdivision: Norman Woods
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Jillian Mason | MLS # 4189457 | Active
Price: $2,600,000 (6097 sqft)
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Pamela Black | MLS # 4198496 | Active
Price: $2,250,000 (6367 sqft)
Subdivision: The Point
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Tricia Murphy | MLS # 4186202 | Active
Price: $1,691,750 (4225 sqft)
Subdivision: Hunts Landing
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Colleen Hunt | MLS # 4192148 | Contract
Price: $1,539,900 (4636 sqft)
Subdivision: Lakepointe North
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Lynn Stallings | MLS # 4177991 | Active
Price: $1,335,000 (3913 sqft)
Subdivision: Lakewood
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Jim Robb | MLS # 4161592 | Active
Price: $1,239,000 (2479 sqft)
Subdivision: Lakepointe
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Lynn Stallings | MLS # 4164255 | Active
Price: $1,195,000 (3243 sqft)
Subdivision: Waterford Point
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Terri Mayhew | MLS # 4203431 | Active
Price: $1,126,000 (3764 sqft)
Subdivision: Diamondhead
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Sandra Dunn | MLS # 4144841 | Active
Price: $799,000 (2403 sqft)
Subdivision: Craftsman Point
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Matt Rawlins | MLS # 4178230 | Contract
Price: $760,000 (2312 sqft)
Subdivision: Lakepointe North
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Lynn Stallings | MLS # 4161620 | Active
Price: $719,000 (2479 sqft)
Subdivision: Westport
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Wisdom Stikeleather | MLS # 4195887 | Active
Price: $699,800 (2260 sqft)
Subdivision: Blue Stone Harbor
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Erin Boyd | MLS # 4190481 | Active
Price: $689,000 (3146 sqft)
Subdivision: The Springs at Westport Club
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Lynn Stallings | MLS # 4182250 | Contract
Price: $669,000 (2307 sqft)
Subdivision: The Courtyards of Huntersville
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Stacy Borland | MLS # 4191179 | Active
Price: $645,000 (1927 sqft)
Subdivision: Trilogy Lake Norman
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David Henderson | MLS # 4187377 | Active
Price: $635,000 (3723 sqft)
Subdivision: Regency Lake Village
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Jolene Handysides | MLS # 4007878 | Contract
Price: $550,000 (2214 sqft)
Subdivision: Grayrock Shoals
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Lisa Lewis | MLS # 4185251 | Contract
Price: $249,900 (1531 sqft)
Subdivision: Highland Glen
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Julie Williams | MLS # 4199383 | Active
139 Hollen Lane -- 10 BR, 11.7 BAPrice: $21,999,900 (9870 sqft)
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Hart Real Estate | MLS # 4096193 | Active
Listings 1 - 20 of 617 next →
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PH: 704-622-4723
FX: 704-896-3195
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Inspection Website www.fivestarhomeinspections.us
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Custom Homes Website www.fivestarcustomhomes.com
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Martin Real Estate Team
19901 W Catawba Ave
Cornelius, NC 28031
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