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

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140 Vance Crescent Drive -- 5 BR, 3 BA
Price: $485,000 (2395 sqft)
Subdivision: Lochmere
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Tom Robisky | MLS # 4158713 | Coming soon
140 Sea Trail Drive -- 3 BR, 2 BA
Price: $474,900 (1771 sqft)
Subdivision: Harbor View
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Alina Lorenzo | MLS # 4141412 | Contract
113 Longleaf Drive -- 3 BR, 2.1 BA
Price: $408,000 (2231 sqft)
Subdivision: Atwater Landing
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Mike Thomas | MLS # 4156029 | Active
139 Hollen Lane -- 10 BR, 11.7 BA
Price: $21,999,900 (9870 sqft)
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Hart Real Estate | MLS # 4096193 | Active
14051 Island Drive -- 5 BR, 6.2 BA
Price: $18,000,000 (12636 sqft)
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Premier Sotheby's | MLS # 4020713 | Active
18019 Harbor Light Boulevard -- 6 BR, 7.4 BA
Price: $16,000,000 (15048 sqft)
Subdivision: The Peninsula
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Premier Sotheby's | MLS # 3895525 | Active
154 Tennessee Circle -- 6 BR, 7.2 BA
Price: $12,500,000 (11112 sqft)
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The Agency - Charlotte | MLS # 4099910 | Active
16716 Belle Isle Drive -- 5 BR, 5.3 BA
Price: $12,000,000 (7209 sqft)
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Ivester Jackson | MLS # 4129916 | Contract
149 S Longfellow Lane -- 5 BR, 6.1 BA
Price: $11,500,000 (8124 sqft)
Subdivision: The Point
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Ivester Jackson | MLS # 4155969 | Contract
123 Saylors Watch Lane -- 5 BR, 5.4 BA
Price: $10,400,000 (7754 sqft)
Subdivision: Saylors Watch
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Corcoran HM Properties | MLS # 4156012 | Active
173 Rehoboth Lane -- 5 BR, 5.3 BA
Price: $9,000,000 (8750 sqft)
Subdivision: The Point
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Keller Williams Lake | MLS # 4087619 | Active
16700 Tinker Place -- 7 BR, 8.1 BA
Price: $8,700,000 (11656 sqft)
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Allen Tate Lake Norman | MLS # 4150366 | Contract
18000 Whispering Oaks Drive -- 6 BR, 6.3 BA
Price: $8,000,000 (7524 sqft)
Subdivision: Point Largo
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Corcoran HM Properties | MLS # 4161529 | Active
21437 Country Club Drive -- 6 BR, 6.3 BA
Price: $7,950,000 (8796 sqft)
Subdivision: Country Club Shores
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Helen Adams Realty | MLS # 4141805 | Active
17807 Largo Place -- 4 BR, 5.1 BA
Price: $7,895,000 (7176 sqft)
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Re/Max Diamond Realty | MLS # 4123359 | Active
132 Lightship Drive -- 4 BR, 4.2 BA
Price: $7,500,000 (9794 sqft)
Subdivision: The Point
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Ideal Realty inc | MLS # 4097424 | Contract
8405 Ranger Island Marina Road -- 5 BR, 6.2 BA
Price: $7,500,000 (6490 sqft)
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Nestlewood Realty, LLC | MLS # 4137705 | Active
406 Morrison Farm Road -- 5 BR, 6.2 BA
Price: $7,499,999 (7085 sqft)
Subdivision: Morrison Pointe North
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COMPASS | MLS # 4161291 | Coming soon
132 Rollingwood Lane -- 4 BR, 5.2 BA
Price: $7,490,000 (6601 sqft)
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Coldwell Banker Realty | MLS # 4159386 | Active
2477 Peninsula Shores Court -- 5 BR, 5.2 BA
Price: $7,200,000 (6948 sqft)
Subdivision: Norman Estates
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Premier Sotheby's | MLS # 4147108 | Active

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