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!

  • Schedule a Showing Request HERE

Please Visit: Lake Norman Real Estate Blog

Sign Up: VIP Home Buyers Program

Lake Norman Waterfront Homes

all active Listings

Lake Norman homes

Listings 1 - 20 of 176   next

18121 Harbor Light Boulevard -- 5 BR, 5.1 BA
Price: $1,890,000 (7088 sqft)
Subdivision: The Peninsula
→ More info
Linda Cantelmi | MLS # 3504261 | Active
17914 John Connor Road -- 4 BR, 4 BA
Price: $1,350,000 (4193 sqft)
Subdivision: The Peninsula
→ More info
Todd Hill | MLS # 3514900 | Active
119 Stone Harbor Court -- 3 BR, 4.1 BA
Price: $1,250,000 (5150 sqft)
Subdivision: The Highlands
→ More info
Colleen Hunt | MLS # 3468054 | Active
534 Lakeview Shores Loop -- 4 BR, 4.1 BA
Price: $1,195,000 (7568 sqft)
Subdivision: Crescent Land and Timber
→ More info
Jeannie Coyer | MLS # 3528164 | Active
104 Belk Point -- 4 BR, 3 BA
Price: $1,150,000 (2693 sqft)
Subdivision: None
→ More info
Kara Gilchrist | MLS # 3509635 | Active
2755 Harbour Pointe Court -- 4 BR, 4.1 BA
Price: $1,149,000 (5997 sqft)
Subdivision: Lakepointe
→ More info
Michael Toste | MLS # 3555405 | Active
22026 Satilla Drive -- 6 BR, 5.1 BA
Price: $1,125,000 (6954 sqft)
Subdivision: Heron Harbor
→ More info
Janell Snevel | MLS # 3469755 | Active
20605 Bethelwood Lane -- 3 BR, 3 BA
Price: $975,000 (3228 sqft)
Subdivision: None
→ More info
Kathy Hanson | MLS # 3534208 | Active
9316 Legrand Drive -- 3 BR, 2.1 BA
Price: $849,000 (3502 sqft)
Subdivision: None
→ More info
Cristin Dorninger | MLS # 3547038 | Active
16108 Terry Lane -- 3 BR, 3.1 BA
Price: $789,000 (2499 sqft)
Subdivision: Browns Cove
→ More info
Angela Cook | MLS # 3535715 | Active
349 Robinson Road -- 3 BR, 2 BA
Price: $350,000 (1248 sqft)
Subdivision: None
→ More info
Todd Hill | MLS # 3482371 | Active
7610 Dellinger Road -- 3 BR, 2 BA
Price: $349,900 (1625 sqft)
Subdivision: Crescent Land and Timber
→ More info
Vicki Dalton | MLS # 3563059 | Active
307 Wood Duck Loop -- 3 BR, 2 BA
Price: $309,000 (1591 sqft)
Subdivision: Crystal Bay
→ More info
Gene McKinney | MLS # 3477379 | Active
168 Broad Sound Place -- 6 BR, 6.4 BA
Price: $6,995,000 (9789 sqft)
Subdivision: The Point
→ More info
Ivester Jackson | MLS # 3472208 | Active
8495 Norman Estates Drive -- 5 BR, 6.1 BA
Price: $6,800,000 (7289 sqft)
Subdivision: Norman Estates
→ More info
Ivester Jackson | MLS # 3388984 | Active
109 Conway Court -- 5 BR, 6.2 BA
Price: $5,900,000 (8405 sqft)
Subdivision: The Point
→ More info
Ivester Jackson | MLS # 3505628 | Active
163 Falmouth Road -- 4 BR, 5.3 BA
Price: $3,999,999 (7530 sqft)
Subdivision: The Point
→ More info
Ivester Jackson | MLS # 3552709 | Active
173 Falmouth Road -- 6 BR, 6.1 BA
Price: $3,995,000 (8323 sqft)
Subdivision: The Point
→ More info
Allen Tate Lake Norman | MLS # 3569377 | Active
160 Brick Kiln Way -- 5 BR, 5.2 BA
Price: $3,795,000 (9066 sqft)
Subdivision: The Point
→ More info
Francis Real Estate | MLS # 3440175 | Active
18311 Nantz Road -- 6 BR, 6.1 BA
Price: $3,795,000 (9473 sqft)
Subdivision: None
→ More info
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

122 Cove Key Lane -- 3 BR, 3.1 BA
Price: $949,000 (3012 sqft)
Complex: Cove Key
→ More info
Patty Register | MLS # 3566383 | Active
1205 Torrence Circle -- 3 BR, 2 BA
Price: $379,000 (1363 sqft)
Complex: Newport
→ More info
Dom DeMatteo | MLS # 3541484 | Active
403 Northwest Drive -- 3 BR, 2.1 BA
Price: $599,000 (1550 sqft)
Complex: North Point
→ More info
Lake Norman Realty, | MLS # 3523996 | Active
20407 Harborgate Court -- 3 BR, 2 BA
Price: $499,000 (1904 sqft)
Complex: None
→ More info
Titan Realty, Inc. | MLS # 3572389 | Active
18015 Kings Pointe Drive -- 3 BR, 2 BA
Price: $494,400 (1511 sqft)
Complex: Baybridge
→ More info
Rosso Group LLC | MLS # 3416092 | Active
20347 Harborgate Court -- 3 BR, 2 BA
Price: $449,900 (1351 sqft)
Complex: Harborgate
→ More info
RE/MAX Executive | MLS # 3560086 | Active
637 Williamson Road -- 3 BR, 2 BA
Price: $394,900 (1579 sqft)
Complex: Harbor Point Village
→ More info
RE/MAX Realty | MLS # 3571529 | Active
18631 Harborside Drive -- 3 BR, 2 BA
Price: $369,900 (1438 sqft)
Complex: Harborside
→ More info
Taft Realty & Auction | MLS # 3532577 | Active
848 Southwest Drive -- 3 BR, 2 BA
Price: $349,000 (1317 sqft)
Complex: Stone Bluff
→ More info
Allen Tate Lake Norman | MLS # 3544891 | Active
20357 Harborgate Court -- 2 BR, 2 BA
Price: $349,000 (1291 sqft)
Complex: Harborgate
→ More info
Property Grant Inc | MLS # 3485637 | Active
20357 Harborgate Court -- 2 BR, 2 BA
Price: $339,900 (1270 sqft)
Complex: Harborgate
→ More info
Puma & Associates | MLS # 3537295 | Active
657 Portside Drive -- 2 BR, 2 BA
Price: $329,900 (1011 sqft)
Complex: Portside
→ More info
Wilkinson ERA Real | MLS # 3563127 | Active
506 Catspaw Road -- 2 BR, 2.1 BA
Price: $319,000 (1484 sqft)
Complex: Catspaw
→ More info
Allen Tate Statesville | MLS # 3541779 | Active
1016 Southwest Drive -- 2 BR, 2 BA
Price: $318,000 (1178 sqft)
Complex: South Harbortowne
→ More info
Coldwell Banker | MLS # 3556465 | Active
1235 Torrence Circle -- 3 BR, 2 BA
Price: $299,900 (1386 sqft)
Complex: Newport
→ More info
EXP REALTY LLC | MLS # 3546592 | Active
1327 Torrence Circle -- 2 BR, 2 BA
Price: $290,000 (1174 sqft)
Complex: Emerald Bay
→ More info
JP & Associates | MLS # 3565104 | Active
1041 Southwest Drive -- 2 BR, 2 BA
Price: $289,900 (1101 sqft)
Complex: Captains Watch
→ More info
Wilkinson ERA Real | MLS # 3539796 | Active
318 Northwest Drive -- 2 BR, 2 BA
Price: $285,000 (945 sqft)
Complex: Edgewater
→ More info
Allen Tate Lake Norman | MLS # 3563712 | Active
108 Pier 33 Drive -- 3 BR, 3 BA
Price: $279,900 (1588 sqft)
Complex: Pier 33
→ More info
Dazcon Properties | MLS # 3405475 | Active
103 Pier 33 Drive -- 3 BR, 2.1 BA
Price: $270,000 (1350 sqft)
Complex: Pier 33
→ More info
EXP REALTY LLC | MLS # 3516790 | Active

Listings 1 - 20 of 28   next

SHOWING REQUEST or CALL US @ 704-900-1619

3 + 0 = ?

This contact form is deactivated because you refused to accept Google reCaptcha service which is necessary to validate any messages sent by the form.

Popular Searches of Homes for Sale on or around Lake Norman, NC


Lake Homes for Sale Lake Norman

Search Lake Norman Waterfront Homes for Sale

Luxury Homes for Sale on Lake Norman (>$1M)

Search the Luxury Homes for Sale on Lake Norman

Townhomes for Sale on Lake Norman

Search the Townhomes for Sale on Lake Norman

Homes for Sale around Lake Norman with the Large Lots (>1.0 acre)

Search the Homes for Sale around Lake Norman with the Large Lots

Homes for Sale on Lake Norman with a Boat Slip

Search Homes for Sale on Lake Norman with a Boat Slip

Homes for Sale on Lake Norman with a Master on the Main

Search Homes for Sale on Lake Norman with a Master Bedroom on Main

Homes for Sale on Lake Norman with a Community Pool

Search Homes for Sale on Lake Norman with a Community Pool

Homes for Sale on Lake Norman with a Pool

Search Homes for Sale on Lake Norman with a Pool

Golf Course Homes for Sale around Lake Norman

Search Golf Course Homes for Sale around Lake Norman

Waterfront Lots/Land for Sale on Lake Norman

Waterfront Lots/Land for Sale on Lake Norman

Homes for Sale on Lake Norman with a Fenced Yard

Search Homes for Sale on Lake Norman with a Fenced Yard

Perfect for Home Renovation Buyers on Lake Norman (<$500k)

Search the Most Affordable Homes for Sale on Lake Norman

Homes for Sale with no HOA on Lake Norman

Search the Homes with no HOA for Sale on Lake Norman

Homes for Sale on Lake Norman with Basement

Search for Basement Homes for Sale on Lake Norman