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 830   next

20711 Bethel Church Road -- 6 BR, 6.3 BA
Price: $8,500,000 (5540 sqft)
Subdivision: Flagship
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Terri Mayhew | MLS # 4225782 | Active
14515 NC Hwy 73 Highway -- 4 BR, 5.2 BA
Price: $7,889,220 (5586 sqft)
Subdivision: Vista Lago
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Kathy Day | MLS # 4261389 | Active
19118 Betty Stough Road -- 5 BR, 5.2 BA
Price: $3,575,000 (5576 sqft)
Subdivision: Patricks Purchase
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Susie Wagner | MLS # 4232881 | Active
18805 Flat Shoals Drive -- 6 BR, 4.1 BA
Price: $3,150,000 (5830 sqft)
Subdivision: The Peninsula
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Pamela Black | MLS # 4207742 | Active
108 Balmoral Drive -- 3 BR, 2.1 BA
Price: $2,495,000 (2563 sqft)
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Rhonda Woods | MLS # 4256195 | Contract
20361 Enclave Oaks Court -- 6 BR, 4.1 BA
Price: $2,399,999 (6097 sqft)
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Pamela Black | MLS # 4198496 | Active
17719 Springwinds Drive -- 3 BR, 3 BA
Price: $2,200,000 (3398 sqft)
Subdivision: The Peninsula
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Terri Mayhew | MLS # 4266605 | Contract
174 Hickory Hill Road -- 4 BR, 4.1 BA
Price: $2,000,000 (3931 sqft)
Subdivision: Gibbs Cove
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Alina Lorenzo | MLS # 4271846 | Active
110 Hunts Landing Drive -- 4 BR, 4.1 BA
Price: $1,875,000 (5003 sqft)
Subdivision: Hunts Landing
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Colleen Hunt | MLS # 4246595 | Active
22501 John Gamble Road -- 3 BR, 2.1 BA
Price: $1,790,000 (4201 sqft)
Subdivision: Country Club Shores
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Arlene Arciero | MLS # 4266915 | Active
20635 Queensdale Drive -- 5 BR, 4.1 BA
Price: $1,724,900 (4503 sqft)
Subdivision: Wrights Emerald Cove
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Katherine Hansen | MLS # 4270542 | Active
2580 Penngate Drive -- 4 BR, 3.1 BA
Price: $1,550,000 (4636 sqft)
Subdivision: Lakepointe North
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Lynn Stallings | MLS # 4255767 | Contract
698 Normandy Road -- 3 BR, 4 BA
Price: $1,445,000 (2689 sqft)
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Jillian Mason | MLS # 4273487 | Active
8216 Malibu Pointe Lane -- 5 BR, 3.1 BA
Price: $1,400,000 (4316 sqft)
Subdivision: Gabriel Point
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Katherine Hansen | MLS # 4256470 | Active
18745 Bluff Point Road -- 5 BR, 4.1 BA
Price: $1,250,000 (3348 sqft)
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Julie Williams | MLS # 4264451 | Active
353 Whippoorwill Road -- 3 BR, 2 BA
Price: $1,189,000 (1884 sqft)
Subdivision: Hidden Cove
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Melissa Martin | MLS # 4223853 | Active
168 Blue Ridge Trail -- 4 BR, 4.1 BA
Price: $1,100,000 (4033 sqft)
Subdivision: Woodleaf
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Jim Krautkremer | MLS # 4270259 | Active
105 Beach Lane -- 3 BR, 2.2 BA
Price: $1,049,000 (3305 sqft)
Subdivision: Malibu Pointe
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Beth Welch | MLS # 4240933 | Contract
21315 Blakely Shores Drive -- 4 BR, 2.1 BA
Price: $1,000,000 (3243 sqft)
Subdivision: Waterford Point
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Terri Mayhew | MLS # 4203431 | Active
704 Kenway Loop -- 4 BR, 3 BA
Price: $850,000 (3715 sqft)
Subdivision: Fernleaf
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Beth Graichen | MLS # 4216629 | Active

Listings 1 - 20 of 830   next