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Lake Norman Luxury Real Estate and Homes – December 2015 Market Report

January 13, 2016 By admin Leave a Comment

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.

10% Decrease in the Number of Luxury Homes Sold in the Lake Norman Area 

In December 2015, 18 luxury homes sold compared to 20 luxury homes sold in December 2014, a 10% decrease in year over year numbers.

Lake Norman Luxury Real Estate December Sold

Lake Norman Luxury Housing Inventory Down 40%

In December 2015, there was 16.5 months of inventory in the Lake Norman luxury real estate market compared to 27.7 months in December 2014.

Lake Norman Luxury Real Estate December MSI

Average Time to Sell a Luxury Home in the Lake Norman Area is 160 Days

In December 2015, it took 160 days, on average, to sell a luxury home in the Lake Norman area.

Lake Norman Luxury Real Estate December DOM

16 Lake Norman Luxury Homes Went Under Contract in December

Lake Norman Luxury Real Estate December UC

Median Sales Price of a Luxury Home in the Lake Norman Area Down 15%

This month, we saw a 15% decrease in the median sale price of a luxury home in the Lake Norman area. The median home price in December 2015, when considering homes that sold for $750,000 or more, was $930,510 compared to $1,097,500 in December 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.

Lake Norman Luxury Real Estate December Sold Price

4% More Luxury Homes on the Market in the Lake Norman Area

In December 2015, there were 309 luxury homes for sale in the Lake Norman area compared to 296 in December 2014, marking a 4% increase in year over year numbers.

Lake Norman Luxury Real Estate December For Sale

Luxury Supply is Up 4%, Demand is Down 10%

This month we saw a 4% increase in luxury housing supply (number of properties for sale) and a 10% decrease in demand (number of sold properties).

Lake Norman Luxury Real Estate December Supply and Demand

Median For Sale Price Up 8% vs Median Sold Price Down 15%

In December, we saw an 8% increase in the median for sale price of a luxury home in the Lake Norman area and a 15% decrease in the median sold price in year over year numbers.

Lake Norman Luxury Real Estate December For Sale vs Sold

Lake Norman Luxury Homes Sold December 2015

  • The most expensive home that sold in the Lake Norman area in December 2015 sold for $3,700,000
  • 9 homes sold for $1 million or more
  • 1 of the homes that sold was a Short Sale, None were Foreclosures
  • 12 of the homes sold were Waterfront
  • 2 of the homes sold were in The Point
  • 1 of the homes sold was in The Peninsula
  • 1 of the homes sold was in The Harbour at the Pointe
  • Lake Norman luxury homes sold in December 2015 ranged in size from 2,718 sq. ft. to 9,866 sq. ft. with an average size of 5,102 sq. ft.
  • The average price per square foot for a luxury home that sold in the Lake Norman area in December 2015 was $237.26/sq. ft.
  • Sellers received on average 94.28% of their list price

Filed Under: Lake Norman Luxury Homes, Lake Norman Luxury Real Estate, Lake Norman Luxury Realtor, Luxury Homes in Cornelius NC, Luxury Homes in Mooresville NC Tagged With: Lake Norman Luxury Homes for Sale, Lake Norman Luxury Real Estate, Lake Norman Luxury Real Estate Agent, Luxury Homes in Cornelius NC, Luxury Homes in Mooresville NC, Marshall Team at Keller Williams Lake Norman

Charlotte Luxury Real Estate – Charlotte’s Most Expensive Sales of 2013

March 26, 2014 By admin Leave a Comment

The Charlotte luxury real estate market is strong! According to the Charlotte Regional Realtor Association there were 326 single-family homes sold in the Charlotte-area last year with a sales price of $1 Million or more. The slideshow below features the ten most expensive homes sold in the Charlotte-area in 2013. The list includes six homes in Charlotte and four homes in the Lake Norman area. Sales prices range from $3,000,000 to $4,650,000.

Click Here to See the Full Tour with the Address and Sales Price of the Homes Featured

 

Charlotte Luxury Real Estate Search

  • Charlotte luxury homes for sale
  • Lake Norman luxury homes for sale

We specialize in marketing and selling luxury real estate in Charlotte and Lake Norman. Contact us today to learn more.

Data and photos provided by the Carolina Regional Realtor Association. 

Filed Under: Charlotte NC Real Estate, Lake Norman Real Estate Tagged With: Charlotte Luxury Homes for Sale, Charlotte Luxury Real Estate, Charlotte Luxury Real Estate Agent, Lake Norman Luxury Homes for Sale, Lake Norman Luxury Real Estate, Marshall Team Keller Williams

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eXp Realty, LLC
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