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 130   next

118 Hadley Harbor Court -- 5 BR, 5.1 BA
Price: $4,790,000 (7456 sqft)
Subdivision: The Point
→ More info
Clarke Crawford | MLS # 4120597 | Active
14515 NC Hwy 73 Highway -- 4 BR, 4.1 BA
Price: $4,500,000 (5714 sqft)
Subdivision: Vista Lago
→ More info
Kathy Day | MLS # 4085004 | Active
199 Wilson Lake Road -- 4 BR, 4.2 BA
Price: $2,500,000 (4946 sqft)
→ More info
Pauline Williams | MLS # 4138390 | Active
22340 Country Club Lane -- 3 BR, 2.1 BA
Price: $2,150,000 (2328 sqft)
Subdivision: Country Club Shores
→ More info
Sean Hill | MLS # 4157665 | Active
7582 Cottonwood Drive -- 4 BR, 4 BA
Price: $1,350,000 (3913 sqft)
Subdivision: Lakewood
→ More info
Jim Robb | MLS # 4161592 | Active
126 Emerald Drive -- 4 BR, 2.1 BA
Price: $1,324,126 (3766 sqft)
Subdivision: Diamondhead
→ More info
Sandra Dunn | MLS # 4144841 | Active
139 Hollen Lane -- 10 BR, 11.7 BA
Price: $21,999,900 (9870 sqft)
→ More info
Hart Real Estate | MLS # 4096193 | Active
14051 Island Drive -- 5 BR, 6.2 BA
Price: $18,000,000 (12636 sqft)
→ More info
Premier Sotheby's | MLS # 4020713 | Active
18019 Harbor Light Boulevard -- 6 BR, 7.4 BA
Price: $16,000,000 (15048 sqft)
Subdivision: The Peninsula
→ More info
Premier Sotheby's | MLS # 3895525 | Active
154 Tennessee Circle -- 6 BR, 7.2 BA
Price: $12,500,000 (11112 sqft)
→ More info
The Agency - Charlotte | MLS # 4099910 | Active
123 Saylors Watch Lane -- 5 BR, 5.4 BA
Price: $10,400,000 (7754 sqft)
Subdivision: Saylors Watch
→ More info
Corcoran HM Properties | MLS # 4156012 | Active
173 Rehoboth Lane -- 5 BR, 5.3 BA
Price: $9,000,000 (8750 sqft)
Subdivision: The Point
→ More info
Keller Williams Lake | MLS # 4087619 | Active
18000 Whispering Oaks Drive -- 6 BR, 6.3 BA
Price: $8,000,000 (7524 sqft)
Subdivision: Point Largo
→ More info
Corcoran HM Properties | MLS # 4161529 | Active
21437 Country Club Drive -- 6 BR, 6.3 BA
Price: $7,950,000 (8796 sqft)
Subdivision: Country Club Shores
→ More info
Helen Adams Realty | MLS # 4141805 | Active
17807 Largo Place -- 4 BR, 5.1 BA
Price: $7,895,000 (7176 sqft)
→ More info
Re/Max Diamond Realty | MLS # 4123359 | Active
8405 Ranger Island Marina Road -- 5 BR, 6.2 BA
Price: $7,500,000 (6490 sqft)
→ More info
Nestlewood Realty, LLC | MLS # 4137705 | Active
132 Rollingwood Lane -- 4 BR, 5.2 BA
Price: $7,490,000 (6601 sqft)
→ More info
Coldwell Banker Realty | MLS # 4159386 | Active
2477 Peninsula Shores Court -- 5 BR, 5.2 BA
Price: $7,200,000 (6948 sqft)
Subdivision: Norman Estates
→ More info
Premier Sotheby's | MLS # 4147108 | Active
124 Saylors Watch Lane -- 5 BR, 6.1 BA
Price: $6,999,000 (5118 sqft)
Subdivision: Saylors Watch
→ More info
Coldwell Banker Realty | MLS # 4129766 | Active
4516 Slanting Bridge Road -- 3 BR, 2 BA
Price: $6,885,000 (1494 sqft)
→ More info
RE/MAX Executive | MLS # 4073500 | Active

Listings 1 - 20 of 130   next

Lake Norman Waterfront Condos

– all active Listings

Lake Norman condos

Listings 1 - 18 of 18

18708 Nautical Drive -- 4 BR, 3.1 BA
Price: $1,100,000 (2039 sqft)
Subdivision: Admirals Quarters
→ More info
EXP Realty LLC | MLS # 4162357 | Active
18015 Kings Point Drive -- 3 BR, 3 BA
Price: $1,100,000 (2311 sqft)
Subdivision: Baybridge
→ More info
Stephen Cooley Real | MLS # 4153883 | Active
637 Williamson Road -- 3 BR, 2 BA
Price: $715,000 (1724 sqft)
Complex: Harbor Point Village
→ More info
Keller Williams Lake | MLS # 4154445 | Active
18726 Nautical Drive -- 3 BR, 2 BA
Price: $699,000 (1439 sqft)
Subdivision: Admirals Quarters
→ More info
Keller Williams | MLS # 4148848 | Active
18700 Nautical Drive -- 3 BR, 2 BA
Price: $675,000 (1395 sqft)
Complex: Commodores Landing
→ More info
Ivester Jackson | MLS # 4131627 | Active
637 Williamson Road -- 3 BR, 2.1 BA
Price: $670,000 (1602 sqft)
Complex: Harbor Point Village
→ More info
Keller Williams Lake | MLS # 4155238 | Active
637 Williamson Road -- 3 BR, 2 BA
Price: $659,900 (1563 sqft)
Complex: Harbor Point Village
→ More info
Berkshire Hathaway | MLS # 4145909 | Active
1233 Torrence Circle -- 3 BR, 2 BA
Price: $635,000 (1401 sqft)
Complex: Davidson Landing
→ More info
Allen Tate SouthPark | MLS # 4152455 | Active
648 Portside Drive -- 2 BR, 2 BA
Price: $620,000 (1076 sqft)
Complex: Portside
→ More info
Allen Tate Lake Norman | MLS # 4158165 | Active
18563 Vineyard Point Lane -- 3 BR, 2 BA
Price: $599,800 (1252 sqft)
Complex: The Moorings
→ More info
EXP Realty LLC | MLS # 4129254 | Active
944 Southwest Drive -- 2 BR, 2 BA
Price: $475,000 (944 sqft)
Complex: Southpoint
→ More info
Southern Charm Realty | MLS # 4145573 | Active
108 Pier 33 Drive -- 3 BR, 3 BA
Price: $450,000 (1385 sqft)
Complex: Pier 33
→ More info
RE/MAX Executive | MLS # 4156736 | Active
18009 Kings Point Drive -- 2 BR, 2 BA
Price: $425,000 (922 sqft)
Complex: Baybridge
→ More info
Premier Sotheby's | MLS # 4146779 | Active
18783 Vineyard Point Lane -- 2 BR, 2 BA
Price: $420,000 (856 sqft)
Complex: Vineyard Point
→ More info
Kidd Realty | MLS # 4103813 | Active
18773 Vineyard Point Lane -- 2 BR, 2 BA
Price: $410,000 (886 sqft)
Complex: Vineyard Point
→ More info
Ivester Jackson | MLS # 4159751 | Active
18736 Nautical Drive -- 2 BR, 2 BA
Price: $362,500 (1008 sqft)
Complex: Cypress Point
→ More info
EXP Realty LLC | MLS # 4135744 | Active
20105 Henderson Road -- 2 BR, 2 BA
Price: $325,000 (1012 sqft)
Subdivision: Windward
→ More info
RE/MAX EXECUTIVE | MLS # 4103284 | Active
19831 Henderson Road -- 2 BR, 2 BA
Price: $319,900 (1026 sqft)
Subdivision: Windward
→ More info
Robertson Realty Inc. | MLS # 4148686 | Active

Listings 1 - 18 of 18

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