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 462 next →Price: $5,250,000 (8834 sqft)
Subdivision: The Peninsula
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Meredyth Holdenrid | MLS # 4023838 | Active
Price: $4,500,000 (7456 sqft)
Subdivision: The Point
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Clarke Crawford | MLS # 4066217 | Active
Price: $3,900,000 (5428 sqft)
Subdivision: The Point
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Dom DeMatteo | MLS # 4031058 | Active
Price: $2,575,000 (4125 sqft)
Subdivision: The Peninsula
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Kathy Day | MLS # 4073319 | Active
Price: $1,790,000 (3705 sqft)
Subdivision: Northview Harbour
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Michael Toste | MLS # 4070389 | Contract
Price: $1,600,000 (5296 sqft)
Subdivision: The Point
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Beth Graichen | MLS # 3937900 | Active
Price: $1,597,700 (4251 sqft)
Subdivision: Hunts Landing
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Colleen Hunt | MLS # 4060806 | Active
Price: $1,399,000 (3521 sqft)
Subdivision: The Point
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Beth Pihl | MLS # 4059115 | Active
Price: $849,000 (5023 sqft)
Subdivision: Shavenders Bluff
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Erin Boyd | MLS # 4071534 | Active
Price: $775,000 (2622 sqft)
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Vicki Dalton | MLS # 4055277 | Contract
Price: $750,000 (1000 sqft)
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Cynthia Team | MLS # 3936994 | Active
Price: $689,900 (3041 sqft)
Subdivision: Bells Crossing
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Stacy Borland | MLS # 4056371 | Active
Price: $635,000 (3723 sqft)
Subdivision: Regency Lake Village
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Jolene Handysides | MLS # 4007878 | Contract
Price: $625,000 (3071 sqft)
Subdivision: Fernbrook
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Cristin Dorninger | MLS # 4065502 | Contract
Price: $618,000 (3500 sqft)
Subdivision: Byers Creek
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Linda Singer | MLS # 4072856 | Coming soon
Price: $574,900 (3054 sqft)
Subdivision: Mountain Creek Ridge
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Sherilyn Dlugolenski | MLS # 4034727 | Active
Price: $573,999 (3123 sqft)
Subdivision: Byers Creek
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Linda Singer | MLS # 4043773 | Active
Price: $550,000 (2409 sqft)
Subdivision: Bridgeport
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Paul Yancey | MLS # 4041994 | Active
Price: $470,000 (2518 sqft)
Subdivision: Water Oak
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Jillian Mason | MLS # 4066337 | Active
Price: $462,500 (2336 sqft)
Subdivision: Pin Oaks
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Julie Williams | MLS # 4062481 | Contract
Listings 1 - 20 of 462 next →