Lake Norman Real Estate

Lake Norman is Number 1 in Lake Real Estate

Lake Norman Waterfront Homes for Sale

Lake-Norman-is-Number-1-in-Lake-Real-Estate

By: Kate Stevens – news@mooresvilletribune.com – Dec 1, 2018 – www.MooresvilleTribune.com

Lake Norman is Number 1 in Lake Real Estate – Living the good life on Lake Norman has become increasingly popular.

According to a recent industry report, Lake Norman Real Estate for Sale dominates the lakefront real estate scene in the South.

The 2018 Fall Lake Market Report from LakeHomes.com compiles listing data collected in September for lake real estate property in 14 Southeastern and Mid-Atlantic states, as well as outlier states Texas, Michigan and Connecticut.

According to the report, the Lake Norman Waterfront Homes for Sale market, at $795.2 million, is the nation’s second-largest.

Lake Norman is well ahead of the third-most-lucrative lake real estate market, Lake Lanier in Georgia at $649.2 million, as well as popular vacation destinations Smith Mountain Lake in Virginia, Lake Oconee in Georgia and Lake Keowee in South Carolina.

Overall – the Lake Norman Real Estate Market is second only to Lake Michigan and its gargantuan market value of $1.2 billion, the report said.

“However, to put Lake Norman’s significance in a better perspective, Lake Michigan has more than 1,600 miles of total shoreline compared to Lake Norman’s 520,” said Dezirae Burnett, spokeswoman for Lake Homes Realty, the Birmingham, Alabama-based company behind LakeHomes.com. “With almost 70 percent less shoreline, Lake Norman has only 36 percent fewer listings.”

Lake Norman is the top-ranked.  Lake Norman’s $795.2 million market value makes up more than one-quarter of the state’s $2.8 billion total lake real estate market, the report said.

Lake-Norman-Waterfront-Homes-for-Sale

Jordan Lake, just south of Durham, comes in second place with $288.9 million; then Lake Wylie, splitting the North and South Carolina border, with $278.6 million; Lake Gaston, splitting the North Carolina and Virginia border, with $161.8 million; and Chatuge Lake, sharing the Georgia and North Carolina border, with $117.8 million, the report said.

The 2018 Fall Lake Market Report does not include home sales information but reflects Lake Norman Home Values of current listings across each lake’s home and land markets, Burnett said. The publication defines lake real estate as any home, land or lot listing adjacent to a recognized inland body of water, with a view of any of the lake, and with designated access to a lake, or within a community that considers itself a lake-focused community or development.

Lake Norman also is No. 1 in the state in terms of biggest home market ($654.3 million) and biggest land market ($140.9 million), said Burnett.

The Lake Norman lake real estate market also has the highest number of available properties – including residential, commercial and land inventory – with 1,225 listings compared to second-place Lake Gaston with 723 listings, Burnett said.

This is due in part to Lake Norman’s considerable size of 33,000 acres compared to Lake Gaston’s 20,300 acres.

Compared to fall 2017, Lake Norman’s overall lake market value decreased by about 8 percent, likely due to a near 11 percent decrease in home market value, said Burnett. Combined listings last year totaled 1,413 compared to this year’s 1,225, a decrease of about 13 percent. Both residential and land inventories also decreased by about 14 and 12 percent, respectively.

Those declines mirror the trend in the larger Charlotte region, where inventories of available properties continue to shrink.

Despite loss of inventory, the Lake Norman’s land market value actually increased by about 6 percent, indicating that properties that remain on the market are priced higher than those that sold over the last year.

Our Team has noticed that there has been a drop in quality inventory this fall (2018), with people Buying a Home having trouble finding Lake Norman Luxury Homes priced reasonably.

When a lake home is priced reasonably, however, the home tends to sell within 30 days.

Forty-two percent of North Carolina Lake Homes worth more than $1 million are located on Lake Norman, the report said.

Average overall Lake Norman listing prices have remained stable over the past two years while home listings have decreased. As a result, some higher-priced homes have been put up for sale by owners looking to take advantage of favorable market conditions. This has helped the state’s lake real estate market to increase 4 percent even during a typical seasonal decline.

Waterfront-Homes-Lake-Norman-Real-Estate

Market shift?  Lake Norman is an attractive and popular destination for several reasons.

The close proximity to Charlotte Real Estate and its international airport is an obvious draw. The Lake Norman area also has quality schools, a bustling economy, hospitals, and strong economic growth and development.

Unlike other U.S. lakes, Lake Norman is an “urban-suburban area.” It is close enough to the mountains, the beach and a major city like Charlotte rather than being isolated in a rural area, she said.

Lake Norman Luxury Homes also offers “resort living without being so commercial.”

Big-city prices are also causing some potential homebuyers to look elsewhere – including Lake Norman.

As demand for homes and home prices continue to rise in Charlotte, for example, “Lake Norman is becoming more and more attractive,”.

Although the current real estate market is stabilizing, with momentum favoring sellers, the market could follow a national trend by shifting into a Home Buyer’s market in 2019, predicted.

Such a shift would be caused in part by increasing mortgage rates, which have already forced Home Sellers to negotiate more than they had been.

The Martin Real Estate Team of Lake Norman

The Martin Real Estate Team of Lake Norman is here to help and answer all of your Real Estate Needs and Questions 7 days a week if you are looking to purchase a home in the greater Lake Norman Area.

Questions, or would you like to receive more information about a Buying a Home for Sale, or interested in Listing your home for Sale, simply fill out the Our Contact Form or for a faster response you can also call the Lake Norman Specialists at 704-900-1619 right now!

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Lake Norman Waterfront Homes

all active Listings

Lake Norman homes

Listings 1 - 20 of 202   next

147 Union Chapel Drive -- 4 BR, 5.2 BA
Price: $2,399,000 (8537 sqft)
Subdivision: The Point
→ More info
Dom DeMatteo | MLS # 3605845 | Active
16108 Terry Lane -- 4 BR, 4.1 BA
Price: $1,883,000 (4422 sqft)
Subdivision: Browns Cove
→ More info
Angela Cook | MLS # 3622798 | Active
234 Bullfinch Road -- 3 BR, 3.1 BA
Price: $1,400,000 (5649 sqft)
Subdivision: Beacon Pointe
→ More info
Jack Beckman | MLS # 3549411 | Active
7965 Vista View Drive -- 3 BR, 4 BA
Price: $1,375,000 (4312 sqft)
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Jay Ballard | MLS # 3597015 | Active
17914 John Connor Road -- 4 BR, 4 BA
Price: $1,350,000 (4193 sqft)
Subdivision: The Peninsula
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Todd Hill | MLS # 3616708 | Active
7114 Windaliere Drive -- 4 BR, 3.1 BA
Price: $1,275,000 (3690 sqft)
Subdivision: Sterling Pointe
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Robin Kielar | MLS # 3621690 | Active
8762 Harbor Circle -- 3 BR, 3.1 BA
Price: $1,249,000 (3290 sqft)
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Angela Cook | MLS # 3584927 | Active
8217 Tranquil Harbor Lane -- 5 BR, 4.1 BA
Price: $1,175,000 (4911 sqft)
Subdivision: Tranquil Harbor
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Sandra Dunn | MLS # 3608694 | Active
104 Belk Point -- 4 BR, 3 BA
Price: $1,150,000 (2693 sqft)
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Kara Gilchrist | MLS # 3509635 | Active
126 Clearwater Lane -- 3 BR, 2 BA
Price: $1,145,000 (2137 sqft)
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Beth Welch | MLS # 3603780 | Active
2755 Harbour Pointe Court -- 4 BR, 4.1 BA
Price: $1,144,000 (5997 sqft)
Subdivision: Lakepointe
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Michael Toste | MLS # 3616217 | Active
17028 Island View Drive -- 3 BR, 2 BA
Price: $989,000 (1428 sqft)
Subdivision: Lake Norman Island
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Jayne Cantello | MLS # 3573968 | Active
19309 Yachtman Drive -- 3 BR, 2.1 BA
Price: $910,000 (2554 sqft)
Subdivision: Yachtman Shores
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Jayne Cantello | MLS # 3601735 | Active
8160 Waterford Drive -- 4 BR, 3.1 BA
Price: $890,000 (3552 sqft)
Subdivision: King Cove
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Elizabeth Brotherton | MLS # 3620616 | Active
1620 Kale Road -- 5 BR, 3 BA
Price: $839,900 (3043 sqft)
Subdivision: Saddlebrook
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Michael Toste | MLS # 3581426 | Active
16108 Terry Lane -- 3 BR, 3.1 BA
Price: $789,000 (2499 sqft)
Subdivision: Browns Cove
→ More info
Angela Cook | MLS # 3623926 | Active
8069 Mcconnell Road -- 4 BR, 3.1 BA
Price: $699,900 (3077 sqft)
Subdivision: Mcconnell Place
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Michael Toste | MLS # 3602243 | Active
7103 Wateredge Drive -- 6 BR, 3 BA
Price: $599,000 (2446 sqft)
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Chelsea Pegram | MLS # 3587162 | Active
129 Crystal Circle -- 4 BR, 3 BA
Price: $499,000 (2444 sqft)
Subdivision: Crystal Bay
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Janice Lewis | MLS # 3622014 | Active
224 Lineberger Road -- 3 BR, 2 BA
Price: $369,900 (1490 sqft)
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Gale Howard | MLS # 3605887 | Active

Listings 1 - 20 of 202   next

Lake Norman Waterfront Condos

– all active Listings

Lake Norman condos

Listings 1 - 20 of 22   next

19901 Henderson Road -- 2 BR, 2 BA
Price: $213,000 (1026 sqft)
Complex: Windward
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Jeannie Coyer | MLS # 3600264 | Active
105 N Cove Key Lane -- 3 BR, 3.1 BA
Price: $1,150,000 (3537 sqft)
Complex: Cove Key
→ More info
Coldwell Banker Realty | MLS # 3565486 | Active
625 Portside Drive -- 3 BR, 2 BA
Price: $510,000 (1368 sqft)
Complex: Portside
→ More info
Allen Tate Lake Norman | MLS # 3604417 | Active
18015 Kings Pointe Drive -- 3 BR, 2 BA
Price: $493,000 (1511 sqft)
Complex: Baybridge
→ More info
Rosso Group LLC | MLS # 3416092 | Active
20347 Harborgate Court -- 3 BR, 2 BA
Price: $489,000 (1351 sqft)
Complex: Harborgate
→ More info
RE/MAX Executive | MLS # 3597093 | Active
1230 Torrence Circle -- 3 BR, 2 BA
Price: $409,900 (1406 sqft)
Complex: Newport
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Keller Williams | MLS # 3618913 | Active
20347 Harborgate Court -- 2 BR, 2 BA
Price: $379,900 (1258 sqft)
Complex: Harborgate
→ More info
Choquette Properties | MLS # 3584415 | Active
637 Williamson Road -- 3 BR, 2 BA
Price: $374,900 (1723 sqft)
Complex: Harbor Point Village
→ More info
Rawson Realty, LLC | MLS # 3591248 | Active
857 Southwest Drive -- 3 BR, 2 BA
Price: $368,500 (1301 sqft)
Complex: Stone Bluff
→ More info
Crites Properties LLC | MLS # 3601019 | Active
18677 Vineyard Point Lane -- 3 BR, 2 BA
Price: $367,900 (1209 sqft)
Complex: Windrose
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Wilkinson ERA Real | MLS # 3594541 | Active
18816 Nautical Drive -- 3 BR, 2 BA
Price: $339,900 (1384 sqft)
Complex: Schooner Bay
→ More info
EXP REALTY LLC | MLS # 3621864 | Active
1129 Torrence Circle -- 3 BR, 2 BA
Price: $325,000 (1330 sqft)
Complex: Captains Watch
→ More info
Wilkinson ERA Real | MLS # 3615468 | Active
506 Catspaw Road -- 2 BR, 2.1 BA
Price: $299,000 (1484 sqft)
Complex: Catspaw
→ More info
Allen Tate Statesville | MLS # 3541779 | Active
334 Northwest Drive -- 2 BR, 2 BA
Price: $295,000 (1028 sqft)
Complex: Edgewater
→ More info
Lake Norman Realty, | MLS # 3576471 | Active
103 Pier 33 Drive -- 3 BR, 2.1 BA
Price: $289,000 (1372 sqft)
Complex: Pier 33
→ More info
EXP REALTY LLC | MLS # 3606753 | Active
103 Pier 33 Drive -- 3 BR, 2.1 BA
Price: $269,000 (1350 sqft)
Complex: Pier 33
→ More info
EXP REALTY LLC | MLS # 3516790 | Active
108 Pier 33 Drive -- 3 BR, 3 BA
Price: $258,000 (1588 sqft)
Complex: Pier 33
→ More info
NHB Group, Inc | MLS # 3620817 | Active
19843 Henderson Road -- 2 BR, 2 BA
Price: $224,950 (1020 sqft)
Complex: Holiday Harbor
→ More info
Redfin Corporation | MLS # 3617997 | Active
18807 Vineyard Point Lane -- 2 BR, 2 BA
Price: $224,900 (761 sqft)
Complex: Dockside
→ More info
Allen Tate Davidson | MLS # 3615602 | Active
19831 Henderson Road -- 2 BR, 2 BA
Price: $221,900 (1026 sqft)
Complex: Windward
→ More info
Lake Realty | MLS # 3621125 | Active

Listings 1 - 20 of 22   next

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