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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

Lake Norman Luxury Real Estate – October 2015 Market Report

November 24, 2015 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.

26% Decrease in the Number of Luxury Homes Sold in the Lake Norman Area
In October 2015, 25 luxury homes sold compared to 34 luxury homes sold in October 2014, a 26% decrease in year over year numbers.

Lake Norman Luxury Real Estate October SOLD

Lake Norman Luxury Housing Inventory Up 1%
In October 2015, there was 16.3 months of inventory in the Lake Norman luxury real estate market compared to 16.2 months in October 2014.

Lake Norman Luxury Real Estate October MSI

Average Time to Sell a Luxury Home in the Lake Norman Area is 111 Days
In October 2015, it took 111 days, on average, to sell a luxury home in the Lake Norman area.

Lake Norman Luxury Real Estate October DOM

19 Lake Norman Luxury Homes Went Under Contract in October

Lake Norman Luxury Real Estate October UC

Median Sales Price of a Luxury Home in the Lake Norman Area 
The median home price in October 2015, when considering homes that sold for $750,000 or more, was $950,200 compared to $952,500 in October 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 visitLakeNormanHomeValuation.com or contact us at 704-305-9148 for a no obligation home valuation.

Lake Norman Luxury Real Estate October Median Sold Price

3% More Luxury Homes on the Market in the Lake Norman Area

In October 2015, there were 368 luxury homes for sale in the Lake Norman area compared to 359 in October 2014, marking a 3% increase in year over year numbers.

Lake Norman Luxury Real Estate October For Sale

Luxury Supply is Up 3%, Demand is Down 26%
This month we saw a 3% increase in luxury housing supply (number of properties for sale) and a 26% decrease in demand (number of sold properties).

Lake Norman Luxury Real Estate October Supply and Demand

Median For Sale Price vs Median Sold Price 

Lake Norman Luxury Real Estate October Med For Sale vs Med Sold

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, Lake Norman Luxury Real Estate, Lake Norman Luxury Real Estate Agent, Luxury Homes in Cornelius NC, Luxury Homes in Mooresville NC, Marshall Team Lake Norman

Lake Norman Luxury Real Estate – July 2015 Market Report

August 27, 2015 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.

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 Homes Sold

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.

Lake Norman Luxury Real Estate Inventory

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.

Lake Norman Luxury Real Estate Average Days on Market

30 Lake Norman Luxury Homes Went Under Contract in July

Lake Norman Luxury Real Estate Under Contract 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.

Lake Norman Luxury Real Estate Median Sales Price

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.

Lake Norman Real Estate For Sale

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).

Lake Norman Luxury Real Estate Supply and Demand

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.

Lake Norman Luxury Real Estate Median For Sale Vs Sold

Map of Lake Norman Luxury Homes Sold in July 2015

Lake Norman Luxury Homes Map

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.

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, Lake Norman Luxury Real Estate, Lake Norman Luxury Real Estate Agent, Luxury Homes in Cornelius NC, Luxury Homes in Mooresville NC, Marshall Team Keller Williams Lake Norman

Our Average Days on the Market for a Luxury Home is 25 Days vs the MLS Average of 156 Days

July 16, 2015 By admin Leave a Comment

Lake Norman Luxury Realtor

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.

Filed Under: Lake Norman Luxury Homes, Lake Norman Luxury Real Estate, Lake Norman Luxury Realtor Tagged With: Lake Norman Luxury Homes, Lake Norman Luxury Real Estate, Lake Norman Luxury Real Estate Agent, Lake Norman Luxury Realtor

Lake Norman Luxury Real Estate – June 2015 Market Report

July 14, 2015 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.

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 Homes Sold in June

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.

Lake Norman Luxury Homes MSI

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 Real Estate DOM

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.

Lake Norman Luxury Real Estate Under Contract

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.

Lake Norman Luxury Real Estate Median Sold Price

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.

Lake Norman Luxury Homes for Sale

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).

Lake Norman Luxury Real Estate Supply and Demand

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.

Lake Norman Luxury Real Estate Median For Sale vs Median Sold

Map of Lake Norman Luxury Homes Sold in June 2015

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.

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, Lake Norman Luxury Real Estate, Lake Norman Luxury Real Estate Agent, Luxury Homes in Cornelius NC, Luxury Homes in Mooresville NC, Marshall Team Keller Williams Lake Norman

Lake Norman Luxury Real Estate – April 2015 Market Report

May 29, 2015 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.

20 Luxury Homes Sold in the Lake Norman Area in April
LKN Luxury Real Estate sold April

Lake Norman Luxury Housing Inventory Down 22%
In April 2015, there was 10.0 months of inventory in the Lake Norman luxury real estate market compared to 12.8 months in April 2014.

LKN Luxury Real Estate msi April

Average Time to Sell Luxury Home in the Lake Norman Area is 107 Days
In April 2015, it took 107 days, on average, to sell a luxury home in the Lake Norman area.

LKN Luxury Real Estate dom April

Lake Norman Luxury Homes Under Contract Up 28%
In April 2015, 32 luxury homes went under contract in the Lake Norman area compared to 25 in April 2014, marking a 28% increase in year over year numbers.

LKN Luxury Real Estate uc April

Lake Norman Median Luxury Home Price Up 1%
This month, we saw a 1% increase in the median sold price of a luxury home in the Lake Norman area. The median home price in April 2015, when considering homes that sold for $750,000 or more, was 990,000 compared to $984,500 in April 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.

LKN Luxury Real Estate median sold price April

1% More Luxury Homes on the Market in the Lake Norman Area
In April 2015, there were 370 luxury homes for sale in the Lake Norman area compared to 368 in April 2014, marking a 1% increase in year over year numbers.

LKN Luxury Real Estate for sale April

Luxury Housing Supply is Up 1%
This month we saw a 1% increase in luxury housing supply (number of properties for sale) and no change in demand (number of sold properties).

LKN Luxury Real Estate supply and demand April

Median For Sale Price Down 1% vs Median Sold Price Up 1%
In the Lake Norman area, we saw a 1% decrease in the median for sale price of a luxury home and a1% increase in the median sold price of a luxury home in year over year numbers.

LKN Luxury Real Estate sale vs sold

Map of Lake Norman Luxury Homes Sold in April 2015

Lake Norman Luxury Real Estate Sales April 2015

More Data on Lake Norman Luxury Home Sales April 2015

  • The most expensive luxury home that sold in the Lake Norman area in April 2015 sold for $2,400,000
  • 10 homes sold for $1 million or more
  • None of the homes that sold were Foreclosures or Short Sales
  • 12 of the homes sold were Waterfront
  • 6 of the homes sold were in The Point
  • 1 of the homes sold was in River Run
  • 1 of the homes sold was in Sailview
  • 1 of the homes sold was in The Harbour At The Pointe
  • Lake Norman luxury homes sold in April 2015 ranged in size from 3,223 sq. ft. to 8,540 sq. ft. with an average size of 5,185 sq. ft.
  • The average price per square foot for a luxury home that sold in the Lake Norman area in April 2015 was $219.95/sq. ft.
  • Sellers received on average 96.87% 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.

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, Lake Norman Luxury Real Estate, Lake Norman Luxury Real Estate Agent, Luxury Homes in Cornelius NC, Luxury Homes in Mooresville NC, Marshall Team

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eXp Realty, LLC
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