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 463   next

18201 Town Harbour Road -- 5 BR, 5.3 BA
Price: $5,250,000 (8834 sqft)
Subdivision: The Peninsula
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Meredyth Holdenrid | MLS # 4023838 | Active
118 Hadley Harbor Court -- 5 BR, 5.1 BA
Price: $4,500,000 (7456 sqft)
Subdivision: The Point
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Clarke Crawford | MLS # 4066217 | Active
211 Quaker Road -- 4 BR, 3.1 BA
Price: $3,900,000 (5428 sqft)
Subdivision: The Point
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Dom DeMatteo | MLS # 4031058 | Active
8884 Beach Bluff Court -- 4 BR, 3.1 BA
Price: $1,790,000 (3705 sqft)
Subdivision: Northview Harbour
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Michael Toste | MLS # 4070389 | Active
128 Wild Harbor Road -- 4 BR, 3.1 BA
Price: $1,600,000 (5296 sqft)
Subdivision: The Point
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Beth Graichen | MLS # 3937900 | Active
111 Swayne Drive -- 4 BR, 3.1 BA
Price: $1,399,000 (3521 sqft)
Subdivision: The Point
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Beth Pihl | MLS # 4059115 | Active
7880 Pine Cove Lane -- 3 BR, 2 BA
Price: $1,399,000 (2354 sqft)
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Michael Toste | MLS # 4060205 | Contract
128 Bath Creek Drive -- 3 BR, 3.1 BA
Price: $849,000 (5023 sqft)
Subdivision: Shavenders Bluff
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Erin Boyd | MLS # 4071534 | Coming soon
6972 Vinewood Road -- 3 BR, 2 BA
Price: $775,000 (2622 sqft)
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Vicki Dalton | MLS # 4055277 | Contract
110 Cullen Place Lane -- 3 BR, 2 BA
Price: $750,000 (1000 sqft)
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Cynthia Team | MLS # 3936994 | Active
172 Bells Crossing Drive -- 4 BR, 3 BA
Price: $689,900 (3041 sqft)
Subdivision: Bells Crossing
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Stacy Borland | MLS # 4056371 | Contract
142 Regency Road -- 4 BR, 3.1 BA
Price: $635,000 (3723 sqft)
Subdivision: Regency Lake Village
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Jolene Handysides | MLS # 4007878 | Contract
265 Castles Gate Drive -- 5 BR, 2.1 BA
Price: $625,000 (3071 sqft)
Subdivision: Fernbrook
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Cristin Dorninger | MLS # 4065502 | Contract
3223 Mountain Creek Drive -- 4 BR, 3 BA
Price: $574,900 (3054 sqft)
Subdivision: Mountain Creek Ridge
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Sherilyn Dlugolenski | MLS # 4034727 | Active
185 Rustling Waters Drive -- 5 BR, 2.1 BA
Price: $573,999 (3123 sqft)
Subdivision: Byers Creek
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Linda Singer | MLS # 4043773 | Active
129 Southhaven Drive -- 4 BR, 2.1 BA
Price: $550,000 (2409 sqft)
Subdivision: Bridgeport
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Paul Yancey | MLS # 4041994 | Active
111 E Fenway Avenue -- 4 BR, 3.1 BA
Price: $470,000 (2518 sqft)
Subdivision: Water Oak
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Jillian Mason | MLS # 4066337 | Active
6975 Pin Oaks Drive -- 4 BR, 2.1 BA
Price: $462,500 (2336 sqft)
Subdivision: Pin Oaks
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Julie Williams | MLS # 4062481 | Contract
14051 Island Drive -- 5 BR, 6.2 BA
Price: $22,000,000 (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

Listings 1 - 20 of 463   next


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