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 435   next

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
128 Hunts Landing Drive -- 4 BR, 4.1 BA
Price: $1,647,700 (4275 sqft)
Subdivision: Hunts Landing
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Colleen Hunt | MLS # 4060806 | Contract
137 Old Arborway Road -- 3 BR, 2 BA
Price: $1,400,000 (1812 sqft)
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Tom Robisky | MLS # 4099833 | Contract
9543 Island Point Road -- 3 BR, 3.1 BA
Price: $1,400,000 (3520 sqft)
Subdivision: Stutts Circle
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Beth Graichen | MLS # 4081044 | Active
21112 Rio Oro Drive -- 4 BR, 3 BA
Price: $995,000 (2476 sqft)
Subdivision: Bahia Bay
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John Torres | MLS # 4103583 | Contract
110 Frostcliff Lane -- 4 BR, 4 BA
Price: $970,000 (3412 sqft)
Subdivision: Beacon Pointe
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Kim Zarybnicky | MLS # 4085172 | Contract
7630 Turnberry Lane -- 4 BR, 2.1 BA
Price: $779,000 (3047 sqft)
Subdivision: Cowans Ford Country Club
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David Henderson | MLS # 4095803 | Contract
128 Bath Creek Drive -- 3 BR, 3.1 BA
Price: $769,000 (5023 sqft)
Subdivision: Shavenders Bluff
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Erin Boyd | MLS # 4071534 | 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
149 FALLS LEAF Drive -- 4 BR, 2.1 BA
Price: $594,500 (2432 sqft)
Subdivision: Windstone at Autumn
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AnnMarie DeRosa | MLS # 4083474 | Contract
129 Brawley Point Circle -- 3 BR, 3 BA
Price: $569,900 (2236 sqft)
Subdivision: The Courtyards at Brawley Point
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Michele Plaisance | MLS # 4086681 | Contract
185 Rustling Waters Drive -- 5 BR, 2.1 BA
Price: $559,000 (3123 sqft)
Subdivision: Byers Creek
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Linda Singer | MLS # 4104043 | Contract
121 Byers Commons Drive -- 4 BR, 3.1 BA
Price: $525,000 (3012 sqft)
Subdivision: Byers Creek
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Dom DeMatteo | MLS # 4073079 | Contract
443 Preston Road -- 5 BR, 4 BA
Price: $519,900 (2910 sqft)
Subdivision: Atwater Landing
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Alina Lorenzo | MLS # 4110035 | Coming soon
124 Trotter Ridge Drive -- 4 BR, 2.1 BA
Price: $475,000 (2549 sqft)
Subdivision: Morrison Plantation
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Cristin Dorninger | MLS # 4099774 | Contract
111 E Fenway Avenue -- 4 BR, 3.1 BA
Price: $457,000 (2518 sqft)
Subdivision: Water Oak
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Jillian Mason | MLS # 4066337 | Contract
107 Abbotswood Place -- 2 BR, 2 BA
Price: $339,000 (1228 sqft)
Subdivision: The Villages at Oak Tree
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Dom DeMatteo | MLS # 4087248 | Contract
106 Abbotswood Place -- 2 BR, 2 BA
Price: $309,900 (1202 sqft)
Subdivision: The Villages at Oak Tree
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Tricia Murphy | MLS # 4091252 | Active
14051 Island Drive -- 5 BR, 6.2 BA
Price: $22,000,000 (12636 sqft)
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Premier Sotheby's | MLS # 4020713 | Active
139 Hollen Lane -- 10 BR, 10.7 BA
Price: $22,000,000 (9870 sqft)
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Hart Real Estate | MLS # 4096193 | Active

Listings 1 - 20 of 435   next