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 529 next →
Price: $4,950,000 (8834 sqft)
Subdivision: The Peninsula
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Meredyth Holdenrid | MLS # 4116658 | Active
Price: $4,790,000 (7456 sqft)
Subdivision: The Point
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Clarke Crawford | MLS # 4120597 | Active
Price: $4,500,000 (5714 sqft)
Subdivision: Vista Lago
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Kathy Day | MLS # 4085004 | Active
Price: $3,799,000 (5428 sqft)
Subdivision: The Point
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Dom DeMatteo | MLS # 4115639 | Contract
Price: $2,490,000 (6328 sqft)
Subdivision: The Point
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Gale Howard | MLS # 4114545 | Contract
Price: $1,595,000 (4005 sqft)
Subdivision: The Peninsula
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Beth Graichen | MLS # 4110805 | Contract
Price: $1,400,000 (3520 sqft)
Subdivision: Stutts Circle
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Beth Graichen | MLS # 4081044 | Contract
Price: $1,300,000 (4196 sqft)
Subdivision: Watertree Landing
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Tom Robisky | MLS # 4101284 | Contract
Price: $1,099,000 (4105 sqft)
Subdivision: Lakewood
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Ed Sink | MLS # 4121542 | Contract
Price: $970,000 (3412 sqft)
Subdivision: Beacon Pointe
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Kim Zarybnicky | MLS # 4085172 | Contract
Price: $769,000 (5023 sqft)
Subdivision: Shavenders Bluff
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Erin Boyd | MLS # 4071534 | Contract
Price: $635,000 (3723 sqft)
Subdivision: Regency Lake Village
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Jolene Handysides | MLS # 4007878 | Contract
Price: $594,500 (2432 sqft)
Subdivision: Windstone at Autumn
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AnnMarie DeRosa | MLS # 4083474 | Contract
Price: $519,900 (2968 sqft)
Subdivision: Atwater Landing
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Alina Lorenzo | MLS # 4110035 | Contract
139 Hollen Lane -- 10 BR, 11.7 BAPrice: $22,000,000 (9870 sqft)
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Hart Real Estate | MLS # 4096193 | Active
14051 Island Drive -- 5 BR, 6.2 BAPrice: $18,000,000 (12636 sqft)
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Premier Sotheby's | MLS # 4020713 | Active
18019 Harbor Light Boulevard -- 6 BR, 7.4 BAPrice: $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 BAPrice: $12,500,000 (11112 sqft)
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The Agency - Charlotte | MLS # 4099910 | Active
173 Rehoboth Lane -- 5 BR, 5.3 BAPrice: $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 BAPrice: $8,000,000 (7308 sqft)
Subdivision: Point Largo
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Nestlewood Realty, LLC | MLS # 4002519 | Active
Listings 1 - 20 of 529 next →
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19901 W Catawba Ave
Cornelius, NC 28031
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