Lake Norman Real Estate
Lake Norman is Number 1 in Lake Real Estate
Lake Norman Waterfront Homes for Sale
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.
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.
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 176 next →Price: $1,890,000 (7088 sqft)
Subdivision: The Peninsula
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Linda Cantelmi | MLS # 3504261 | Active
Price: $1,350,000 (4193 sqft)
Subdivision: The Peninsula
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Todd Hill | MLS # 3514900 | Active
Price: $1,250,000 (5150 sqft)
Subdivision: The Highlands
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Colleen Hunt | MLS # 3468054 | Active
Price: $1,195,000 (7568 sqft)
Subdivision: Crescent Land and Timber
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Jeannie Coyer | MLS # 3528164 | Active
Price: $1,150,000 (2693 sqft)
Subdivision: None
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Kara Gilchrist | MLS # 3509635 | Active
Price: $1,149,000 (5997 sqft)
Subdivision: Lakepointe
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Michael Toste | MLS # 3555405 | Active
Price: $1,125,000 (6954 sqft)
Subdivision: Heron Harbor
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Janell Snevel | MLS # 3469755 | Active
Price: $975,000 (3228 sqft)
Subdivision: None
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Kathy Hanson | MLS # 3534208 | Active
Price: $849,000 (3502 sqft)
Subdivision: None
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Cristin Dorninger | MLS # 3547038 | Active
Price: $789,000 (2499 sqft)
Subdivision: Browns Cove
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Angela Cook | MLS # 3535715 | Active
Price: $350,000 (1248 sqft)
Subdivision: None
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Todd Hill | MLS # 3482371 | Active
Price: $349,900 (1625 sqft)
Subdivision: Crescent Land and Timber
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Vicki Dalton | MLS # 3563059 | Active
Price: $309,000 (1591 sqft)
Subdivision: Crystal Bay
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Gene McKinney | MLS # 3477379 | Active

Price: $6,995,000 (9789 sqft)
Subdivision: The Point
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Ivester Jackson | MLS # 3472208 | Active

Price: $6,800,000 (7289 sqft)
Subdivision: Norman Estates
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Ivester Jackson | MLS # 3388984 | Active

Price: $5,900,000 (8405 sqft)
Subdivision: The Point
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Ivester Jackson | MLS # 3505628 | Active

Price: $3,999,999 (7530 sqft)
Subdivision: The Point
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Ivester Jackson | MLS # 3552709 | Active

Price: $3,995,000 (8323 sqft)
Subdivision: The Point
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Allen Tate Lake Norman | MLS # 3569377 | Active

Price: $3,795,000 (9066 sqft)
Subdivision: The Point
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Francis Real Estate | MLS # 3440175 | Active

Price: $3,795,000 (9473 sqft)
Subdivision: None
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Carlyle Properties | MLS # 3503937 | Active
Listings 1 - 20 of 176 next →
Lake Norman Waterfront Condos
– all active Listings
Lake Norman condos
Listings 1 - 20 of 28 next →Price: $949,000 (3012 sqft)
Complex: Cove Key
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Patty Register | MLS # 3566383 | Active
Price: $379,000 (1363 sqft)
Complex: Newport
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Dom DeMatteo | MLS # 3541484 | Active

Price: $599,000 (1550 sqft)
Complex: North Point
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Lake Norman Realty, | MLS # 3523996 | Active

Price: $499,000 (1904 sqft)
Complex: None
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Titan Realty, Inc. | MLS # 3572389 | Active

Price: $494,400 (1511 sqft)
Complex: Baybridge
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Rosso Group LLC | MLS # 3416092 | Active

Price: $449,900 (1351 sqft)
Complex: Harborgate
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RE/MAX Executive | MLS # 3560086 | Active

Price: $394,900 (1579 sqft)
Complex: Harbor Point Village
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RE/MAX Realty | MLS # 3571529 | Active

Price: $369,900 (1438 sqft)
Complex: Harborside
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Taft Realty & Auction | MLS # 3532577 | Active

Price: $349,000 (1317 sqft)
Complex: Stone Bluff
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Allen Tate Lake Norman | MLS # 3544891 | Active

Price: $349,000 (1291 sqft)
Complex: Harborgate
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Property Grant Inc | MLS # 3485637 | Active

Price: $339,900 (1270 sqft)
Complex: Harborgate
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Puma & Associates | MLS # 3537295 | Active

Price: $329,900 (1011 sqft)
Complex: Portside
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Wilkinson ERA Real | MLS # 3563127 | Active

Price: $319,000 (1484 sqft)
Complex: Catspaw
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Allen Tate Statesville | MLS # 3541779 | Active

Price: $318,000 (1178 sqft)
Complex: South Harbortowne
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Coldwell Banker | MLS # 3556465 | Active

Price: $299,900 (1386 sqft)
Complex: Newport
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EXP REALTY LLC | MLS # 3546592 | Active

Price: $290,000 (1174 sqft)
Complex: Emerald Bay
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JP & Associates | MLS # 3565104 | Active

Price: $289,900 (1101 sqft)
Complex: Captains Watch
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Wilkinson ERA Real | MLS # 3539796 | Active

Price: $285,000 (945 sqft)
Complex: Edgewater
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Allen Tate Lake Norman | MLS # 3563712 | Active

Price: $279,900 (1588 sqft)
Complex: Pier 33
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Dazcon Properties | MLS # 3405475 | Active

Price: $270,000 (1350 sqft)
Complex: Pier 33
→ More info
EXP REALTY LLC | MLS # 3516790 | Active
Listings 1 - 20 of 28 next →
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