Charlotte, NC Real Estate

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 583   next

118 Hadley Harbor Court -- 5 BR, 5.1 BA
Price: $4,790,000 (7456 sqft)
Subdivision: The Point
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Clarke Crawford | MLS # 4120597 | Active
14515 NC Hwy 73 Highway -- 4 BR, 4.1 BA
Price: $4,500,000 (5714 sqft)
Subdivision: Vista Lago
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Kathy Day | MLS # 4085004 | Active
199 Wilson Lake Road -- 4 BR, 4.2 BA
Price: $2,500,000 (4946 sqft)
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Pauline Williams | MLS # 4138390 | Active
122 Hunts Landing Drive -- 4 BR, 4.2 BA
Price: $1,797,750 (5027 sqft)
Subdivision: Hunts Landing
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Colleen Hunt | MLS # 4146308 | Contract
489 Kenway Loop -- 3 BR, 3.1 BA
Price: $1,595,000 (2964 sqft)
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Beth Graichen | MLS # 4146769 | Active
126 Emerald Drive -- 4 BR, 2.1 BA
Price: $1,424,126 (3766 sqft)
Subdivision: Diamondhead
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Sandra Dunn | MLS # 4144841 | Coming soon
9543 Island Point Road -- 3 BR, 3.1 BA
Price: $1,388,000 (3520 sqft)
Subdivision: Stutts Circle
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Beth Graichen | MLS # 4081044 | Contract
19633 Meta Road -- 4 BR, 4 BA
Price: $1,325,000 (3125 sqft)
Subdivision: Diane Shores
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Meredyth Holdenrid | MLS # 4149260 | Contract
556 Barber Loop -- 4 BR, 3 BA
Price: $1,199,900 (4173 sqft)
Subdivision: Watertree Landing
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Anne Pry | MLS # 4153954 | Coming soon
16206 Walcot Lane -- 4 BR, 3.1 BA
Price: $1,195,000 (2924 sqft)
Subdivision: Sterling Pointe
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Kym Gentle | MLS # 4137416 | Contract
7351 Gabriel Street -- 4 BR, 3.1 BA
Price: $1,099,000 (3491 sqft)
Subdivision: Caccia Cove
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Michael Toste | MLS # 4130987 | Active
4879 Shady Meadow Lane -- 2 BR, 3 BA
Price: $1,050,000 (2852 sqft)
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Brigitte Perry | MLS # 4143178 | Contract
170 Bayberry Creek Circle -- 4 BR, 3 BA
Price: $1,030,000 (3446 sqft)
Subdivision: The Farms
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Tricia Murphy | MLS # 4131146 | Contract
146 Allendale Circle -- 3 BR, 3 BA
Price: $1,025,000 (2133 sqft)
Subdivision: Allendale Point
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Lisa Lewis | MLS # 4141196 | Contract
203 Webbed Foot Road -- 3 BR, 3 BA
Price: $950,000 (3131 sqft)
Subdivision: Mallard Head
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Tara Kilgore | MLS # 4126252 | Contract
139 Waterbury Drive -- 3 BR, 3.1 BA
Price: $875,000 (3607 sqft)
Subdivision: Northington Woods
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Jon Debuchananne | MLS # 4149382 | Contract
7036 Burgundy Lane -- 3 BR, 3.1 BA
Price: $857,000 (4848 sqft)
Subdivision: Bordeaux
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Sandra Dunn | MLS # 4144835 | Contract
8234 Parknoll Drive -- 3 BR, 3 BA
Price: $697,000 (2815 sqft)
Subdivision: The Courtyards of Huntersville
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Karen Browder | MLS # 4128901 | Contract
310 Waterlynn Road -- 5 BR, 3.1 BA
Price: $642,000 (3414 sqft)
Subdivision: Reids Cove
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Meredyth Holdenrid | MLS # 4138047 | Active
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

Listings 1 - 20 of 583   next