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 635 next →
Price: $4,790,000 (7456 sqft)
Subdivision: The Point
→ More info
Clarke Crawford | MLS # 4120597 | Active
Price: $4,500,000 (5714 sqft)
Subdivision: Vista Lago
→ More info
Kathy Day | MLS # 4085004 | Active
Price: $3,000,000 (5477 sqft)
Subdivision: Lakeview Shores
→ More info
Karen Spruell | MLS # 4164327 | Active
Price: $2,500,000 (4946 sqft)
→ More info
Pauline Williams | MLS # 4138390 | Active
Price: $2,150,000 (2328 sqft)
Subdivision: Country Club Shores
→ More info
Sean Hill | MLS # 4157665 | Active
Price: $1,797,750 (5027 sqft)
Subdivision: Hunts Landing
→ More info
Colleen Hunt | MLS # 4146308 | Contract
Price: $1,449,000 (2964 sqft)
→ More info
Beth Graichen | MLS # 4146769 | Contract
Price: $1,350,000 (3913 sqft)
Subdivision: Lakewood
→ More info
Jim Robb | MLS # 4161592 | Active
Price: $1,325,000 (3125 sqft)
Subdivision: Diane Shores
→ More info
Meredyth Holdenrid | MLS # 4149260 | Contract
Price: $1,324,126 (3766 sqft)
Subdivision: Diamondhead
→ More info
Sandra Dunn | MLS # 4144841 | Active
Price: $1,125,000 (2686 sqft)
Subdivision: Island Forest
→ More info
Jayne Cantello | MLS # 4143832 | Contract
Price: $1,099,000 (3491 sqft)
Subdivision: Caccia Cove
→ More info
Michael Toste | MLS # 4130987 | Contract
Price: $1,030,000 (3446 sqft)
Subdivision: The Farms
→ More info
Tricia Murphy | MLS # 4131146 | Contract
Price: $999,999 (4045 sqft)
Subdivision: Watertree Landing
→ More info
Anne Pry | MLS # 4153954 | Active
Price: $935,000 (3029 sqft)
Subdivision: Pine Knoll Pointe
→ More info
Karen Spruell | MLS # 4161246 | Active
Price: $875,000 (3607 sqft)
Subdivision: Northington Woods
→ More info
Jon Debuchananne | MLS # 4149382 | Contract
Price: $800,000 (2926 sqft)
Subdivision: The Harbour at the Pointe
→ More info
Tom Robisky | MLS # 4152298 | Contract
Price: $785,000 (2312 sqft)
Subdivision: Lakepointe North
→ More info
Lynn Stallings | MLS # 4161620 | Active
Price: $642,000 (3414 sqft)
Subdivision: Reids Cove
→ More info
Meredyth Holdenrid | MLS # 4138047 | Contract
Price: $640,000 (2624 sqft)
Subdivision: Reids Cove
→ More info
Willow Heverley | MLS # 4161027 | Active
Listings 1 - 20 of 635 next →
