We enjoyed getting to know Mike and Sue while working with them to sell their waterfront home in Pinnacle Shores. Planning to buy or sell a home in the Lake Norman area? Call Aaron at 704-305-9148.
Lake Norman Luxury Real Estate – September 2015 Market Report
Our Lake Norman Luxury Real Estate Market Report measures activity in the Lake Norman luxury home market (single-family homes priced $750,000 and above). This report covers the following cities: Catawba, Cornelius, Davidson, Denver, Huntersville, Mooresville, Sherrills Ford, Statesville, Terrell, and Troutman.
14% Increase in the Number of Luxury Homes Sold in the Lake Norman Area
In September 2015, 24 luxury homes sold compared to 21 luxury homes sold in September 2014, a 14% increase in year over year numbers.
Lake Norman Luxury Housing Inventory Down 34%
In September 2015, there was 13.2 months of inventory in the Lake Norman luxury real estate market compared to 20.1 months in September 2014.
Average Time to Sell a Luxury Home in the Lake Norman Area is 109 Days
In September 2015, it took 109 days, on average, to sell a luxury home in the Lake Norman area.
25 Lake Norman Luxury Homes Went Under Contract in September
Median Sales Price of a Luxury Home in the Lake Norman Area Up 2%
This month, we saw a 2% increase in the median sale price of a luxury home in the Lake Norman area. The median home price in September 2015, when considering homes that sold for $750,000 or more, was $982,000 compared to $965,000 in September 2014.
Median home price helps us see the distribution of homes sold and does not really give us an indication of the increase or decrease in a particular home’s market value. Please visit LakeNormanHomeValuation.com or contact us at 704-305-9148 for a no obligation home valuation.
2% More Luxury Homes on the Market in the Lake Norman Area
In September 2015, there were 382 luxury homes for sale in the Lake Norman area compared to 376 in September 2014, marking a 2% increase in year over year numbers.
Luxury Supply is Up 2%, Demand is Up 14%
This month we saw a 2% increase in luxury housing supply (number of properties for sale) and a 14% increase in demand (number of sold properties).
Median For Sale Price Down 7% vs Median Sold Price Up 2%
In September, we saw a 7% decrease in the median for sale price of a luxury home in the Lake Norman area and a 2% increase in the median sold price in year over year numbers.
Lake Norman Luxury Real Estate – July 2015 Market Report
Our Lake Norman Luxury Real Estate Market Report measures activity in the Lake Norman luxury home market (single-family homes priced $750,000 and above). This report covers the following cities: Catawba, Cornelius, Davidson, Denver, Huntersville, Mooresville, Sherrills Ford, Statesville, Terrell, and Troutman.
52% Increase in the Number of Luxury Homes Sold in the Lake Norman Area in July
In July 2015, 41 luxury homes sold compared to 27 luxury homes sold in July 2014, a 52% increase in year over year numbers.
Lake Norman Luxury Housing Inventory Up 7%
In July 2015, there was 11.9 months of inventory in the Lake Norman luxury real estate market compared to 11.1 months in July 2014.
Average Time to Sell a Luxury Home in the Lake Norman Area is 139 Days
In July 2015, it took 139 days, on average, to sell a luxury home in the Lake Norman area.
30 Lake Norman Luxury Homes Went Under Contract in July
Median Sales Price of a Luxury Home in the Lake Norman Area Down 7%
This month, we saw a 7% decrease in the median sale price of a luxury home in the Lake Norman area. The median home price in July 2015, when considering homes that sold for $750,000 or more, was $895,999 compared to $965,000 in July 2014.
Median home price helps us see the distribution of homes sold and does not really give us an indication of the increase or decrease in a particular home’s market value. Please visit LakeNormanHomeValuation.com or contact us at 704-305-9148 for a no obligation home valuation.
8% More Luxury Homes on the Market in the Lake Norman Area
In July 2015, there were 416 luxury homes for sale in the Lake Norman area compared to 384 in July 2014, marking an 8% increase in year over year numbers.
Luxury Supply is Up 8%, Demand is Up 52%
This month we saw an 8% increase in luxury housing supply (number of properties for sale) and a 52% increase in demand (number of sold properties).
Median For Sale Price Down 7% vs Median Sold Price Down 7%
In July, we saw a 7% decrease in the median for sale price of a luxury home in the Lake Norman area and a 7% decrease in the median sold price in year over year numbers.
Map of Lake Norman Luxury Homes Sold in July 2015
More Data on Lake Norman Luxury Homes Sold in July 2015
- The most expensive home that sold in the Lake Norman area in July 2015 sold for $3,700,000
- 16 homes sold for $1 million or more
- None of the homes that sold were Short Sales, 1 was a Foreclosure
- 23 of the homes sold were Waterfront
- 11 of the homes sold were in The Point
- 6 of the homes sold were in The Peninsula
- 3 of the homes sold were in River Run
- 2 of the homes sold were in NorthView Harbour
- 1 of the homes sold was in Sailview
- Lake Norman luxury homes sold in July 2015 ranged in size from2,902 sq. ft. to 9,522 sq. ft. with an average size of 5,348 sq. ft.
- The average price per square foot for a luxury home that sold in the Lake Norman area in July 2015 was $209.84/sq. ft.
- Sellers received on average 96.24% of their list price
Based on data from the Carolina MLS. All information deemed reliable, but not guaranteed.
If you are looking to buy or sell luxury real estate in the Lake Norman area call Aaron at 704-305-9148 or email us at info@marshallteam.com.
Waterfront Home with Dock in Pinnacle Shores Under Contract
We’ve put this beautiful waterfront home in Pinnacle Shores under contract for the second time in 41 days. Looking for a waterfront home in Pinnacle Shores? Below is a list of waterfront homes in Pinnacle Shores currently for sale. Call us if you would like to see any of these homes.
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Planning to sell your home? Call Aaron Marshall at 704-305-9148.
Our Average Days on the Market for a Luxury Home is 25 Days vs the MLS Average of 156 Days
When considering homes sold from January 1 – June 30, 2015 and listed for $750,000 and above, the MLS average days on the market is 156 days. The average days on the market for a luxury home (priced $750,000 and above) listed by The Marshall Team is 25 days. Less time on the market means fewer showings and less inconvenience to you. Are you considering selling your home? Let us put our knowledge and experience to work for you. Call Aaron at 704-305-9148 for a no obligation consultation.
Lake Norman Luxury Real Estate – June 2015 Market Report
Our Lake Norman Luxury Real Estate Market Report measures activity in the Lake Norman luxury home market (single-family homes priced $750,000 and above). This report covers the following cities: Catawba, Cornelius, Davidson, Denver, Huntersville, Mooresville, Sherrills Ford, Statesville, Terrell, and Troutman.
18% Increase in the Number of Luxury Homes Sold in the Lake Norman Area in June
In June 2015, 33 luxury homes sold compared to 28 luxury homes sold in June 2014, an 18% increase in year over year numbers.
Lake Norman Luxury Housing Inventory Down 3%
In June 2015, there was 11.3 months of inventory in the Lake Norman luxury real estate market compared to 11.6 months in June 2014.
Average Time to Sell a Luxury Home in the Lake Norman Area is 141 Days
In June 2015, it took 141 days, on average, to sell a luxury home in the Lake Norman area.
Lake Norman Luxury Homes Under Contract Up 14%
In June 2015, 32 luxury homes went under contract in the Lake Norman area compared to 28 in June 2014, marking a 14% increase in year over year numbers.
Median Sales Price of a Luxury Home in the Lake Norman Area Down 6%
This month, we saw a 6% decrease in the median sale price of a luxury home in the Lake Norman area. The median home price in June 2015, when considering homes that sold for $750,000 or more, was $919,000 compared to $974,500 in June 2014.
Median home price helps us see the distribution of homes sold and does not really give us an indication of the increase or decrease in a particular home’s market value. Please contact us at 704-305-9148 for a no obligation home valuation.
9% More Luxury Homes on the Market in the Lake Norman Area
In June 2015, there were 412 luxury homes for sale in the Lake Norman area compared to 377 in June 2014, marking a 9% increase in year over year numbers.
Luxury Supply is Up 9%, Demand is Up 18%
This month we saw a 9% increase in luxury housing supply (number of properties for sale) and an 18% increase in demand (number of sold properties).
Median For Sale Price Down 9% vs Median Sold Price Down 6%
In June, we saw a 9% decrease in the median for sale price of a luxury home in the Lake Norman area and a 6% decrease in the median sold price in year over year numbers.
Map of Lake Norman Luxury Homes Sold in June 2015
More Data on Lake Norman Luxury Homes Sold in June 2015
- The most expensive home that sold in the Lake Norman area in June 2015 sold for $2,690,000
- 13 homes sold for $1 million or more
- None of the homes that sold were Short Sales, 1 was a Foreclosure
- 26 of the homes sold were Waterfront
- 7 of the homes sold were in The Point
- 3 of the homes sold were in The Peninsula
- 2 of the homes sold were in River Run
- Lake Norman luxury homes sold in June 2015 ranged in size from 1,288 sq. ft. to 8,444 sq. ft. with an average size of 4,839 sq. ft.
- The average price per square foot for a luxury home that sold in the Lake Norman area in June 2015 was $239.29/sq. ft.
- Sellers received on average 96.61% of their list price
Based on data from the Carolina MLS.
All information deemed reliable, but not guaranteed.
If you are looking to buy or sell luxury real estate in the Lake Norman area call Aaron at 704-305-9148 or email us at info@marshallteam.com.
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