Charlotte / Lake Norman Home Prices
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 736 next →
Price: $2,800,000 (5301 sqft)
→ More info
Patty Register | MLS # 4391129 | Active
Price: $1,920,000 (4026 sqft)
Subdivision: The Point
→ More info
Rhonda Woods | MLS # 4404777 | Active
Price: $1,835,000 (5183 sqft)
Subdivision: Hunts Landing
→ More info
Colleen Hunt | MLS # 4337376 | Active
Price: $1,549,999 (3659 sqft)
→ More info
Beth Graichen | MLS # 4383546 | Contract
Price: $1,350,000 (6957 sqft)
Subdivision: Bells Crossing
→ More info
Patty Register | MLS # 4405204 | Contract
Price: $1,250,000 (4632 sqft)
Subdivision: Watertree Landing
→ More info
Debra Palazzolo | MLS # 4401881 | Active
Price: $1,250,000 (2976 sqft)
Subdivision: Balmoral Park
→ More info
Jayne Cantello | MLS # 4370396 | Active
Price: $937,000 (4097 sqft)
Subdivision: Shady Cove
→ More info
Alina Lorenzo | MLS # 4355246 | Active
Price: $929,000 (4564 sqft)
Subdivision: Winding Forest
→ More info
Alina Lorenzo | MLS # 4416976 | Contract
Price: $900,000 (3750 sqft)
Subdivision: Templeton Bay
→ More info
Julie Williams | MLS # 4410100 | Active
Price: $765,000 (4058 sqft)
Subdivision: Smithstone
→ More info
Wisdom Stikeleather | MLS # 4396728 | Active
Price: $725,000 (2535 sqft)
Subdivision: Nixons Lakeview Lots
→ More info
Joni Gabriel | MLS # 4385563 | Active
Price: $649,000 (2195 sqft)
Subdivision: Blue Stone Harbor
→ More info
Erin Boyd | MLS # 4381771 | Active
Price: $635,000 (3723 sqft)
Subdivision: Regency Lake Village
→ More info
Jolene Handysides | MLS # 4007878 | Contract
Price: $600,000 (3880 sqft)
Subdivision: Smithstone
→ More info
Julie Williams | MLS # 4415106 | Active
Price: $590,000 (2692 sqft)
Subdivision: Bordeaux at Vineyard Point
→ More info
Kathryn Fritz | MLS # 4406087 | Active
Price: $589,000 (1937 sqft)
Subdivision: Bridgeport
→ More info
Jayne Cantello | MLS # 4418556 | Active
Price: $579,000 (3856 sqft)
Subdivision: Morrison Plantation
→ More info
Tricia Murphy | MLS # 4400680 | Active
Price: $575,000 (3280 sqft)
Subdivision: Morrison Plantation
→ More info
Katherine Hansen | MLS # 4399989 | Active
Price: $549,900 (2087 sqft)
Subdivision: The Springs at Westport Club
→ More info
Vicki Dalton | MLS # 4315089 | Contract
Listings 1 - 20 of 736 next →
