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
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Subdivision: Flagship
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Terri Mayhew | MLS # 4225782 | Active
Price: $5,500,000 (4752 sqft)
Subdivision: Saylors Watch
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Beth Pihl | MLS # 4390353 | Contract
Price: $4,888,400 (5692 sqft)
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Kathy Day | MLS # 4365780 | Active
Price: $3,825,000 (3739 sqft)
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Jack Beckman | MLS # 4364716 | Contract
Price: $3,100,000 (5576 sqft)
Subdivision: Patricks Purchase
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Susie Wagner | MLS # 4369817 | Contract
Price: $2,800,000 (5301 sqft)
Subdivision: Crescent Land and Timber
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Patty Register | MLS # 4391129 | Active
Price: $2,599,999 (3781 sqft)
Subdivision: Island Forest
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Tia Ware | MLS # 4384820 | Contract
Price: $2,399,000 (5111 sqft)
Subdivision: Norman Woods
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Jillian Mason | MLS # 4394552 | Contract
Price: $1,850,000 (5183 sqft)
Subdivision: Hunts Landing
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Colleen Hunt | MLS # 4337376 | Active
Price: $1,795,000 (4975 sqft)
Subdivision: The Point
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Pauline Williams | MLS # 4297139 | Active
Price: $1,549,999 (3659 sqft)
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Beth Graichen | MLS # 4383546 | Active
Price: $1,350,000 (6957 sqft)
Subdivision: Bells Crossing
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Patty Register | MLS # 4405204 | Active
Price: $1,300,000 (4632 sqft)
Subdivision: Watertree Landing
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Debra Palazzolo | MLS # 4401881 | Coming soon
Price: $1,250,000 (2976 sqft)
Subdivision: Balmoral Park
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Jayne Cantello | MLS # 4370396 | Active
Price: $947,000 (4097 sqft)
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Price: $825,000 (2460 sqft)
Subdivision: Trilogy Lake Norman
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David Henderson | MLS # 4401055 | Contract
Price: $795,000 (4058 sqft)
Subdivision: Smithstone
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Price: $775,000 (3286 sqft)
Subdivision: Winding Forest
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Alina Lorenzo | MLS # 4340159 | Contract
Price: $750,000 (2851 sqft)
Subdivision: Forest Oaks
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Julie Williams | MLS # 4391104 | Contract
Price: $750,000 (2535 sqft)
Subdivision: Nixons Lakeview Lots
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Joni Gabriel | MLS # 4385563 | Active
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