Market Reports12 Blog Posts

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2018 LAKE NORMAN HOME PRICES

2018 Lake Norman home prices were up compared to 2017. The biggest gains in 2018 were in Davidson and Kannapolis. Denver, on the west side of the lake, saw median homes prices nearly flat, but still up about 16% going back to 2014. Kannapolis and Statesville saw huge gains in median sales price since 2014. […]

Matt Morano

January 20, 2019

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2018 LAKE NORMAN HOME SALES

The 2018 Lake Norman home sales report revealed more gains over 2017. While the 2017 housing market was marked by renewedoptimism fueled by stock market strength, higher wages and acompetitive environment for home sales, 2018 delivered amore seasoned prudence toward residential real estate. Homebuyers, now steeped in several years of rising prices and lowinventory, became […]

Matt Morano

January 20, 2019

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2018 NEW HOMES SALES AT LAKE NORMAN

2018 new homes sales at Lake Norman reveal it was a good year to be in the new home building business. The median sales price of a new home was the lowest in Statesville. Notice they had a great years of sales, with the number of closed sales increasing by nearly 31%. Cornelius had the […]

Matt Morano

January 13, 2019

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February 2018 Report

February 2018 vs. February 2017 Data represents traditional sales of single-family new construction homes in the Lake Norman area.  The number of closed sales was up 80%.  The months supply of houses fell to about 6%- which considered fairly healthy.  If the trend continues to lower in March then the low inventory favors the sellers- […]

Matt Morano

March 6, 2018

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Has a Lake Norman waterfront home been a good investment?

You bet.  Here are the facts over the last 3 years. Single-family, traditional waterfront homes prices are on the rise. Not a surprise. But by how much? Consider this: the median waterfront home sales price across the entire Carolina Multiple Listing Services, Inc. is up 22% over the last 3 years. Drilling down, I found […]

Matt Morano

March 12, 2018

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June 2019 New Home Sales

The results are in for June 2019 new home sales in the Lake Norman area. The biggest improvement in sales, not the actual number, was in Troutman- up 275% compared to last June. The vast majority of sales were in Sutter’s Mill, a community developed by True Homes. Falls Cove by Lennar and Windstone Crossing […]

Matt Morano

July 5, 2019

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Lake Norman March 2018 Overview

A slow month for sales across Lake Norman. Lake Norman market activity: Comparing March 2018 vs. March 2017:  Highlights from the graphic include- Steep drop in # of closed sales (down 26%) Inventory down 20% Median sales price down 9%. Keep in mind that the “active” part of the year at Lake Norman begins in […]

Matt Morano

April 13, 2018

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Lake Norman waterfront home sales for March 2018.

Huge slow-down noted this March vs. March of 2017. I’ve heard it from many agents-this past March seemed slow in the Lake Norman waterfront market.  Compared to last March, the number of closed sales was down 50% in the following price ranges sampled:  $500,000 to $749,999, $750,000-$999,999 and $2.0 million to $2.99 million.  The $1.0 […]

Matt Morano

April 13, 2018

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Lake Norman Waterfront Market Report: Examining 12-month prices.

Lake Norman waterfront inventory continues to tumble, prices continue to head higher in most locations. Here are the numbers for single-family, waterfront homes: +17% Denver +1% Terrell -5% Sherrills Ford +11% Mooresville +2% Cornelius Let’s examine Lake Norman waterfront median sales price data in The Point in Mooresville and The Peninsula in Cornelius. +10% The […]

Matt Morano

September 2, 2018

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Mooresville Luxury Waterfront Homes Sales April 2019

We’ll compare two waterfront groups: homes priced from $1,000,000 to $1,999,999 and $2,000,000 to $2,999,999. Waterfront sales were up 50% this April compared to last April for homes that sold for between 1 and 2 million dollars. Sales were flat for homes priced from 2 to 3 million dollars. Median sales prices were down, dropping […]

Matt Morano

May 2, 2019

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