Charlotte / Lake Norman Home Prices
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 646 next →
Price: $8,500,000 (5540 sqft)
Subdivision: Flagship
→ More info
Terri Mayhew | MLS # 4225782 | Active
Price: $7,889,220 (5586 sqft)
Subdivision: Vista Lago
→ More info
Kathy Day | MLS # 4261389 | Active
Price: $1,950,000 (4975 sqft)
Subdivision: The Point
→ More info
Pauline Williams | MLS # 4297139 | Active
Price: $1,875,000 (5000 sqft)
Subdivision: Hunts Landing
→ More info
Colleen Hunt | MLS # 4324789 | Active
Price: $1,675,000 (4201 sqft)
Subdivision: Country Club Shores
→ More info
Arlene Arciero | MLS # 4299012 | Contract
Price: $1,599,000 (3732 sqft)
Subdivision: The Peninsula
→ More info
Beth Graichen | MLS # 4283971 | Active
Price: $1,350,000 (3228 sqft)
Subdivision: The Peninsula
→ More info
Rhonda Woods | MLS # 4306470 | Contract
Price: $1,249,000 (2551 sqft)
Subdivision: Lakepointe
→ More info
Beth Graichen | MLS # 4265031 | Active
Price: $1,075,000 (4033 sqft)
Subdivision: Woodleaf
→ More info
Jim Krautkremer | MLS # 4270259 | Active
Price: $780,000 (3307 sqft)
Subdivision: Sailview
→ More info
Brigitte Perry | MLS # 4242342 | Contract
Price: $775,000 (5708 sqft)
Subdivision: Gibbs Cove
→ More info
Alina Lorenzo | MLS # 4319379 | Active
Price: $749,000 (2901 sqft)
Subdivision: Mallard Head
→ More info
Beth Welch | MLS # 4287561 | Active
Price: $739,000 (5185 sqft)
Subdivision: Morrison Plantation
→ More info
Tricia Murphy | MLS # 4309664 | Active
Price: $734,900 (3371 sqft)
Subdivision: Morrison Cove
→ More info
Keith Rushman | MLS # 4321747 | Contract
Price: $635,000 (3723 sqft)
Subdivision: Regency Lake Village
→ More info
Jolene Handysides | MLS # 4007878 | Contract
Price: $609,582 (1916 sqft)
→ More info
Rebecca Bouknight | MLS # 4285215 | Active
Price: $559,900 (2087 sqft)
Subdivision: The Springs at Westport Club
→ More info
Vicki Dalton | MLS # 4315089 | Active
Price: $510,750 (1575 sqft)
Subdivision: Trilogy Lake Norman
→ More info
David Henderson | MLS # 4290612 | Active
Price: $474,975 (1850 sqft)
→ More info
Denise Mannion | MLS # 4278711 | Active
Price: $440,000 (1754 sqft)
Subdivision: Smithstone
→ More info
David Fuller | MLS # 4292045 | Active
Listings 1 - 20 of 646 next →
