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 169 next →Price: $8,500,000 (5540 sqft)
Subdivision: Flagship
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Terri Mayhew | MLS # 4225782 | Active
Price: $7,889,220 (5586 sqft)
Subdivision: Vista Lago
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Kathy Day | MLS # 4261389 | Active
Price: $3,575,000 (5576 sqft)
Subdivision: Patricks Purchase
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Susie Wagner | MLS # 4232881 | Active
Price: $3,150,000 (5830 sqft)
Subdivision: The Peninsula
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Pamela Black | MLS # 4207742 | Active
Price: $2,000,000 (3931 sqft)
Subdivision: Gibbs Cove
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Alina Lorenzo | MLS # 4271846 | Active
Price: $1,790,000 (4201 sqft)
Subdivision: Country Club Shores
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Arlene Arciero | MLS # 4266915 | Active
Price: $1,445,000 (2689 sqft)
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Jillian Mason | MLS # 4273487 | Active
Price: $1,400,000 (4316 sqft)
Subdivision: Gabriel Point
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Katherine Hansen | MLS # 4256470 | Active
Price: $1,189,000 (1884 sqft)
Subdivision: Hidden Cove
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Melissa Martin | MLS # 4223853 | Active

Price: $16,885,000 (12002 sqft)
Subdivision: The Peninsula
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Ivester Jackson | MLS # 4180906 | Active

Price: $14,500,000 (15048 sqft)
Subdivision: The Peninsula
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Premier Sotheby's | MLS # 3895525 | Active

Price: $10,200,000 (9712 sqft)
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Ivester Jackson | MLS # 4191237 | Active

Price: $9,250,000 (6897 sqft)
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Corcoran HM Properties | MLS # 4225455 | Active

Price: $8,399,000 (10372 sqft)
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Carlyle Properties | MLS # 4257262 | Active

Price: $8,250,000 (6704 sqft)
Subdivision: Country Club Shores
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Better Homes and | MLS # 4259378 | Active

Price: $7,999,000 (8286 sqft)
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Ivester Jackson | MLS # 4197167 | Active

Price: $7,995,000 (8048 sqft)
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Ivester Jackson | MLS # 4229113 | Active

Price: $7,850,000 (6586 sqft)
Subdivision: The Peninsula
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Keller Williams Lake | MLS # 4271847 | Active

Price: $7,500,000 (8763 sqft)
Subdivision: Northwood
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Ivester Jackson | MLS # 4252701 | Active

Price: $7,000,000 (7600 sqft)
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Grandfather Homes Inc. | MLS # 4250240 | Active
Listings 1 - 20 of 169 next →
Lake Norman Waterfront Condos
– all active Listings
Lake Norman condos
Listings 1 - 20 of 52 next →Price: $474,000 (1164 sqft)
Complex: Kings Point
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Jack Beckman | MLS # 4238845 | Active
Price: $439,000 (1013 sqft)
Complex: Edgewater
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Yuri Jounis Carvalho | MLS # 4240938 | Active
Price: $429,000 (837 sqft)
Complex: Dockside
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Guillermo Torres | MLS # 4185266 | Active
Price: $353,000 (1094 sqft)
Complex: Pier 33
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Gale Howard | MLS # 4254628 | Active

Price: $1,125,000 (1789 sqft)
Complex: North Point
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NorthGroup Real | MLS # 4222080 | Active

Price: $800,000 (1490 sqft)
Complex: Biscayne
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Allen Tate Davidson | MLS # 4270430 | Active

Price: $790,000 (1417 sqft)
Complex: Harborside
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Premier South | MLS # 4258715 | Active

Price: $785,000 (2050 sqft)
Complex: South Harbortowne
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Helen Adams Realty | MLS # 4222763 | Active

Price: $774,900 (1407 sqft)
Complex: Half Moon Bay
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EXP Realty LLC | MLS # 4248678 | Active

Price: $759,000 (1252 sqft)
Complex: The Moorings
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Keller Williams Lake | MLS # 4235966 | Active

Price: $749,900 (1471 sqft)
Complex: Villages at Harborside
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Saige Real Estate | MLS # 4245678 | Active

Price: $719,000 (1775 sqft)
Complex: Harbor Point Village
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houzRE | MLS # 4241846 | Active

Price: $695,000 (1396 sqft)
Complex: Biscayne
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Redfin Corporation | MLS # 4212481 | Active

Price: $689,900 (1217 sqft)
Complex: Vineyard Point
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Puma & Associates | MLS # 4265286 | Active

Price: $687,500 (1397 sqft)
Complex: Commodores Landing
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Keller Williams | MLS # 4246194 | Active

Price: $675,000 (1351 sqft)
Complex: Harborgate
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Chosen Realty of NC | MLS # 4263647 | Active

Price: $670,000 (1278 sqft)
Complex: Villages at Harborside
→ More info
Call It Closed | MLS # 4243199 | Active

Price: $658,000 (1309 sqft)
Complex: Villages at Harborside
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Ivester Jackson | MLS # 4240892 | Active

Price: $649,900 (1210 sqft)
Complex: Half Moon Bay
→ More info
Horizon Realty | MLS # 4219858 | Active

Price: $625,000 (1382 sqft)
Complex: Vineyard Point
→ More info
NorthGroup Real | MLS # 4204701 | Active
Listings 1 - 20 of 52 next →
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