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 125 next →Price: $4,500,000 (5714 sqft)
Subdivision: Vista Lago
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Kathy Day | MLS # 4085004 | Active
Price: $2,960,000 (5110 sqft)
Subdivision: Norman Woods
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Jillian Mason | MLS # 4189457 | Active
Price: $1,539,900 (4636 sqft)
Subdivision: Lakepointe North
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Lynn Stallings | MLS # 4177991 | Active
Price: $1,335,000 (3913 sqft)
Subdivision: Lakewood
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Jim Robb | MLS # 4161592 | Active
Price: $1,239,000 (2479 sqft)
Subdivision: Lakepointe
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Lynn Stallings | MLS # 4164255 | Active
Price: $1,126,000 (3764 sqft)
Subdivision: Diamondhead
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Sandra Dunn | MLS # 4144841 | Active
Price: $21,999,900 (9870 sqft)
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Hart Real Estate | MLS # 4096193 | Active
Price: $18,895,000 (12002 sqft)
Subdivision: The Peninsula
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Ivester Jackson | MLS # 4180906 | Active
Price: $16,000,000 (15048 sqft)
Subdivision: The Peninsula
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Premier Sotheby's | MLS # 3895525 | Active
Price: $15,000,000 (12636 sqft)
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Premier Sotheby's | MLS # 4020713 | Active
Price: $13,800,000 (7191 sqft)
Subdivision: Williams Subdivision
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Ivester Jackson | MLS # 4179686 | Active
Price: $10,200,000 (9712 sqft)
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Ivester Jackson | MLS # 4191237 | Active
Price: $9,000,000 (8750 sqft)
Subdivision: The Point
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Keller Williams Lake | MLS # 4087619 | Active
Price: $8,295,000 (5872 sqft)
Subdivision: Lake Norman Island
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Ivester Jackson | MLS # 4182571 | Active
Price: $8,000,000 (7524 sqft)
Subdivision: Point Largo
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Corcoran HM Properties | MLS # 4161529 | Active
Price: $7,995,000 (6275 sqft)
Subdivision: Saylors Watch
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Keller Williams | MLS # 4189779 | Active
Price: $7,995,000 (8360 sqft)
Subdivision: The Point
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Yates Realty Inc | MLS # 4172967 | Active
Price: $7,950,000 (10079 sqft)
Subdivision: The Point
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Premier Sotheby's | MLS # 4166113 | Active
Price: $7,500,000 (6490 sqft)
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Grandfather Homes Inc. | MLS # 4137705 | Active
Price: $7,200,000 (6948 sqft)
Subdivision: Norman Estates
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Premier Sotheby's | MLS # 4147108 | Active
Listings 1 - 20 of 125 next →
Lake Norman Waterfront Condos
– all active Listings
Lake Norman condos
Listings 1 - 20 of 25 next →Price: $665,900 (1327 sqft)
Complex: Commodores Landing
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Julie Joseph | MLS # 4171008 | Active
Price: $439,999 (837 sqft)
Complex: Dockside
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Guillermo Torres | MLS # 4185266 | Active
Price: $1,100,000 (2095 sqft)
Complex: Baybridge
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Stephen Cooley Real | MLS # 4153883 | Active
Price: $950,000 (1583 sqft)
Complex: North Point
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ERA Live Moore | MLS # 4164532 | Active
Price: $925,000 (2039 sqft)
Complex: Admirals Quarters
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EXP Realty LLC | MLS # 4162357 | Active
Price: $800,000 (1406 sqft)
Complex: Harborside
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EXP Realty LLC | MLS # 4198279 | Active
Price: $797,500 (1415 sqft)
Complex: Villages at Harborside
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RE/MAX Executive | MLS # 4178689 | Active
Price: $739,900 (1144 sqft)
Complex: Stone Bluff
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ERA Live Moore | MLS # 4149311 | Active
Price: $725,000 (1255 sqft)
Complex: The Moorings
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Allen Tate Lake Norman | MLS # 4191880 | Active
Price: $710,000 (1992 sqft)
Complex: Harborgate
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Berkshire Hathaway | MLS # 4181795 | Active
Price: $615,000 (1602 sqft)
Complex: Harbor Point Village
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Keller Williams Lake | MLS # 4155238 | Active
Price: $600,000 (1115 sqft)
Complex: Half Moon Bay
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BEI Realty Group LLC | MLS # 4197785 | Active
Price: $599,900 (1563 sqft)
Complex: Harbor Point Village
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Berkshire Hathaway | MLS # 4145909 | Active
Price: $585,000 (956 sqft)
Complex: Southpoint
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RE/MAX EXECUTIVE | MLS # 4188812 | Active
Price: $579,800 (1252 sqft)
Complex: The Moorings
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EXP Realty LLC | MLS # 4129254 | Active
Price: $575,000 (1076 sqft)
Complex: Portside
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Allen Tate Lake Norman | MLS # 4158165 | Active
Price: $549,000 (924 sqft)
Complex: Southpoint
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Lake Norman Realty, | MLS # 4195147 | Active
Price: $498,500 (1695 sqft)
Complex: Pier 33
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NextHome World Class | MLS # 4196054 | Active
Price: $407,000 (1001 sqft)
Complex: Admirals Quarters
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Nestlewood Realty, LLC | MLS # 4197246 | Active
Price: $370,000 (1130 sqft)
Complex: Pier 33
→ More info
BEI Realty Group LLC | MLS # 4187257 | Active
Listings 1 - 20 of 25 next →
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