We put this waterfront lot in Webbs Chapel Cove under contract this week. Are you looking to buy or sell a waterfront home or lot in the Lake Norman area? Give us a call at 704-305-9148.
Lake Norman Luxury Real Estate August 2014 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.
32% Increase in the Number of Luxury Home Sales in Lake Norman
In August 2014, 25 luxury homes sold compared to 19 luxury homes sold in August 2013, a 32% increase in year over year numbers.
Number of Luxury Homes Listed for Sale in Lake Norman Up 32%
In August 2014, there were 62 luxury homes introduced to the market compared to 47 in August 2013, marking a 32% increase in year over year numbers.
Lake Norman Luxury Housing Inventory Down 56%
In August 2014, there was 12.8 months of inventory in the Lake Norman luxury real estate market compared to 29.4 months in August 2013.
Average Time to Sell Luxury Home in the Lake Norman Area is 87 Days
In August 2014, it took 87 days, on average, to sell a luxury home in the Lake Norman area compared to 156 days in August 2013.
Lake Norman Luxury Homes Under Contract Up 160%
In August 2014, 26 luxury homes went under contract in the Lake Norman area compared to 10 in August 2013, marking a 160% increase in year over year numbers.
Lake Norman Median Luxury Home Price Up 21%
This month, we saw a 21% increase in the median sale price of a luxury home in the Lake Norman area. The median home price in August, when considering homes that sold for $750,000 or more, was $1,150,000 compared to $950,000 in August 2013.
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.
19% More Luxury Homes on the Market in the Lake Norman Area
In August 2014, there were 402 luxury homes for sale in the Lake Norman area compared to 337 in August 2013, marking a 19% increase in year over year numbers.
Luxury Supply is Up 19% and Luxury Demand is Up 32%
This month we saw a 19% increase in luxury housing supply (number of properties for sale) and a 32% increase in luxury demand (number of sold properties).
Median Sold Price Up 21%
In the Lake Norman area, we saw no change in the median for sale price of a luxury home and a 21% increase in the median sold price of a luxury home in year over year numbers.
Map of Lake Norman Luxury Homes Sold in August 2014
More Data on Lake Norman Luxury Home Sales August 2014
- The most expensive luxury home sold in the Lake Norman area in August 2014 sold for $3,969,000
- 15 homes sold for $1 million or more
- None of the homes that sold were Short Sales or Foreclosures
- 21 of the homes sold were Waterfront
- 10 of the homes sold had a pool
- 1 of the homes sold was in Northview Harbour
- 1 of the homes sold was in River Run
- 2 of the homes sold were in Sailview
- 3 of the homes sold were in The Peninsula
- 7 of the homes sold were in The Point
- Lake Norman luxury homes sold in August 2014 ranged in size from 3,220 sq. ft. to 10,760 sq. ft. with an average size of 5,743 sq. ft.
- The average price per square foot for a luxury home that sold in the Lake Norman area in August 2014 was $245.71/sq. ft.
- Sellers received on average 93.74% of their list price
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
Click on any of the graphs above to see larger image and print.
*All information deemed reliable, but not guaranteed.
Lake Norman Luxury Real Estate July 2014 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.
7% Decrease in the Number of Luxury Home Sales in Lake Norman
In July 2014, 27 luxury homes sold compared to 29 luxury homes sold in July 2013, a 7% decrease in year over year numbers.
Number of Luxury Homes Listed for Sale Up 63%
In July 2014, there were 67 luxury homes introduced to the market compared to 41 in July 2013, marking a 63% increase in year over year numbers.
Lake Norman Luxury Housing Inventory Down 35%
In July 2014, there was 9.9 months of inventory in the Lake Norman luxury real estate market compared to 15.3 months in July 2013.
Average Time to Sell Luxury Home in the Lake Norman Area is 149 Days
In July 2014, it took 149 days, on average, to sell a luxury home in the Lake Norman area compared to 91 days in July 2013.
Lake Norman Luxury Homes Under Contract Up 84%
In July 2014, 35 luxury homes went under contract in the Lake Norman area compared to 19 in July 2013, marking an 84% increase in year over year numbers.
Lake Norman Median Luxury Home Price Up 3%
This month, we saw a 3% increase in the median sale price of a luxury home in the Lake Norman area. The median home price in July, when considering homes that sold for $750,000 or more, was $965,000 compared to $940,000 in July 2013.
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 free, no obligation home valuation.
22% More Luxury Homes on the Market in the Lake Norman Area
In July 2014, there were 401 luxury homes for sale in the Lake Norman area compared to 328 in July 2013, marking a 22% increase in year over year numbers.
Luxury Supply is Up 22% and Luxury Demand is Down 7%
This month we saw a 22% increase in luxury housing supply (number of properties for sale) and a 7% decrease in luxury demand (number of sold properties).
Median for Sale Price Up 8% vs Median Sold Price Up 3%
In the Lake Norman area, we saw a 8% increase in the median for sale price of a luxury home and a 3% increase in the median sold price of a luxury home in year over year numbers.
Map of Lake Norman Luxury Homes Sold in July 2014
More Data on Lake Norman Luxury Home Sales July 2014
- The most expensive luxury home that sold in the Lake Norman area in July 2014 sold for $2,590,000
- 13 homes sold for $1 million or more
- 3 of the homes that sold were Foreclosures
- 16 of the homes sold were Waterfront
- 7 of the homes sold had a pool
- 1 of the homes sold was in Northview Harbour
- 3 of the homes sold were in River Run
- 4 of the homes sold were in The Peninsula
- 4 of the homes sold were in The Point
- Lake Norman luxury homes sold in July 2014 ranged in size from 2,914 sq. ft. to 8,023 sq. ft. with an average size of 5,186 sq. ft.
- The average price per square foot for a luxury home that sold in the Lake Norman area in July 2014 was $233.65/sq. ft.
- Sellers received on average 96.05% of their list price
If you are looking to buy or sell a luxury home in the Lake Norman area call Aaron at 704-305-9148 or email us at info@marshallteam.com
* Click on any of the graphs above to see larger image and print. * All information deemed reliable, but not guaranteed.
Aaron Marshall, Team Leader of The Marshall Team, Earns International Designation for Luxury Home Marketing Expertise
Aaron has earned the Certified Luxury Home Marketing Specialist (CLHMS) designation in recognition of his experience, knowledge and expertise in the luxury home market. “Aaron is an example of a real estate professional who has worked to develop market knowledge and the special skills necessary to provide exceptional service in the fine home marketplace,” said Laurie Moore-Moore, President of The Institute for Luxury Home Marketing. The CLHMS is recognized as the mark of accomplishment in luxury markets around the world. Members of the Institute who hold the CLHMS designation have documented performance in the top 10% of their markets, and have successfully demonstrated their expertise in the luxury home market.
Aaron has also earned membership in the Institute’s prestigious Million Dollar Guild for his performance in the million-dollar and above luxury home market within the Charlotte/Lake Norman area. Members of the Million Dollar Guild are Certified Luxury Home Marketing Specialists who have documented their success in assisting affluent buyers and sellers with multi-million dollar properties. They not only have specific upper-tier market knowledge, but they also understand the unique needs of affluent buyers and sellers and recognize the importance of being discreet.
Aaron has been a licensed real estate agent since 1998 and has been successfully marketing and selling luxury properties for over 11 years. The Marshall Team’s unrivaled client service, uncompromising integrity, and an innovative local, national, and international marketing campaign combine to create an exemplary approach to real estate. Do you have a luxury home to sell in the Charlotte or Lake Norman area? Call Aaron today at 704-305-9148.
Lake Norman Waterfront Lot with Dock Just Listed in NorthView Harbour
View the Tour |
One of the best waterfront views in NorthView Harbour. Build your dream home on this beautiful homesite with approximately 175 feet of shoreline, pier, covered dock, and sea wall. NorthView Harbour features a clubhouse, pool, tennis courts, playground, walking trails, boat ramp, and gated boat storage. Easy commute to Charlotte via Hwy. 150 or Hwy. 16. This is one of Lake Norman’s best buys – large, flat homesite with fantastic view, pier, and covered dock in amenity community minutes to shopping and dining.
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