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Lake Norman Luxury Real Estate – February 2015 Market Report

March 31, 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.

8% Increase in the Number of Luxury Homes Sold in Lake Norman Area in February
In February 2015, 13 luxury homes sold compared to 12 luxury homes sold in February 2014, an 8% increase in year over year numbers.

Lake Norman Luxury Housing Inventory Down 5%
In February 2015, there was 15.9 months of inventory in the Lake Norman luxury real estate market compared to 16.7 months in February 2014.

Average Time to Sell Luxury Home in the Lake Norman Area is 99 Days
In February 2015, it took 99 days, on average, to sell a luxury home in the Lake Norman area.

Lake Norman Luxury Homes Under Contract Up 21%
In February 2015, 17 luxury homes went under contract in the Lake Norman area compared to 14 in February 2014, marking a 21% increase in year over year numbers.

Lake Norman Median Luxury Home Price Up 33%
This month, we saw a 33% increase in the median sale price of a luxury home in the Lake Norman area. The median home price in February 2015, when considering homes that sold for $750,000 or more, was $1,170,000 compared to $877,750 in February 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.

15% More Luxury Homes on the Market in the Lake Norman Area
In February 2015, there were 302 luxury homes for sale in the Lake Norman area compared to 263 in February 2014, marking a 15% increase in year over year numbers.

Luxury Supply is Up 15%, Demand is Up 8%
This month we saw a 15% increase in luxury housing supply (number of properties for sale) and an 8% increase in demand (number of sold properties).

Median For Sale Price Down 15% vs Median Sold Price Up 33%
In the Lake Norman area, we saw a 15% decrease in the median for sale price of a luxury home and a 33% increase in the median sold price of a luxury home in year over year numbers.

Map of Lake Norman Luxury Homes Sold in February 2015

Screen Shot 2015-03-31 at 7.38.55 AM

More Data on Lake Norman Luxury Home Sales February 2015

  • The most expensive luxury home that sold in the Lake Norman area in February 2015 sold for $2,200,000
  • 7 homes sold for $1 million or more
  • None of the homes that sold were Foreclosures or Short Sales
  • 10 of the homes sold were Waterfront
  • 2 of the homes sold were in River Run
  • 2 of the homes sold were in The Point
  • 1 of the homes sold was in The Peninsula
  • Lake Norman luxury homes sold in February 2015 ranged in size from 3,174 sq. ft. to 7,024 sq. ft. with an average size of 4,722 sq. ft.
  • The average price per square foot for a luxury home that sold in the Lake Norman area in February 2015 was $261.33/sq. ft.
  • Sellers received on average 94.83% 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, Lake Norman Real Estate, 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 Luxury Real Estate – January 2015 Market Report

February 28, 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.

7 Luxury Homes Sold in Lake Norman in January 2015

Number of Luxury Homes Listed for Sale in Lake Norman Down 14%

In January 2015, there were 42 luxury homes introduced to the market compared to 49 in January 2014, marking a 14% decrease in year over year numbers.

Lake Norman Luxury Housing Inventory Down 39%

In January 2015, there was 14.6 months of inventory in the Lake Norman luxury real estate market compared to 23.9 months in January 2014.

Average Time to Sell Luxury Home in the Lake Norman Area is 105 Days

In January 2015, it took 105 days, on average, to sell a luxury home in the Lake Norman area.

Lake Norman Luxury Homes Under Contract Up 100%

In January 2015, 18 luxury homes went under contract in the Lake Norman area compared to 9 in January 2014, marking a 100% increase in year over year numbers.

UC Jan

Lake Norman Median Luxury Home Price Down 37%

This month, we saw a 37% decrease in the median sale price of a luxury home in the Lake Norman area. The median home price in January 2015, when considering homes that sold for $750,000 or more, was $830,000 compared to $1,312,500 in January 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.

14% More Luxury Homes on the Market in the Lake Norman Area

In January 2015, there were 303 luxury homes for sale in the Lake Norman area compared to 266 in January 2014, marking a 14% increase in year over year numbers.

Luxury Supply is Up 14%, No Change in Demand

This month we saw a 14% increase in luxury housing supply (number of properties for sale) and no change in luxury demand (number of sold properties).

Median For Sale Price Down 10% vs Median Sold Price Down 37%

In the Lake Norman area, we saw a 10% decrease in the median for sale price of a luxury home and a 37% decrease in the median sold price of a luxury home in year over year numbers.

Map of Lake Norman Luxury Homes Sold in January 2015

More Data on Lake Norman Luxury Home Sales January 2015

  • The most expensive luxury home that sold in the Lake Norman area in January 2015 sold for $1,465,000
  • 2 homes sold for $1 million or more
  • None of the homes that sold were Foreclosures or Short Sales
  • 6 of the homes sold were Waterfront
  • 1 of the homes sold was in NorthView Harbour
  • 1 of the homes sold was in The Point
  • 1 of the homes sold was in The Peninsula
  • 1 of the homes sold was in Astoria
  • Lake Norman luxury homes sold in January 2015 ranged in size from 3,152 sq. ft. to 7,096 sq. ft. with an average size of 4,994 sq. ft.
  • The average price per square foot for a luxury home that sold in the Lake Norman area in January 2015 was $202.89/sq. ft.
  • Sellers received on average 94.38% 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, Lake Norman Real Estate, 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 Luxury Real Estate – December 2014 Market Report

January 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.

9% Decrease in the Number of Luxury Home Sales in Lake Norman in December

In December 2014, 20 luxury homes sold compared to 22 luxury homes sold in December 2013, a 9% decrease in year over year numbers.

Lake Norman Luxury Sold Homes in December

Number of Luxury Homes Listed for Sale in Lake Norman Down 46%

In December 2014, there were 7 luxury homes introduced to the market compared to 13 in December 2013, marking a 46% decrease in year over year numbers.

Lake Norman Luxury Homes New Properties December 2014

Lake Norman Luxury Housing Inventory Up 124%

In December 2014, there was 37.4 months of inventory in the Lake Norman luxury real estate market compared to 16.7 months in December 2013.

Lake Norman Luxury Real Estate Months Supply

Average Time to Sell Luxury Home in the Lake Norman Area is 168 Days

In December 2014, it took 168 days, on average, to sell a luxury home in the Lake Norman area.

Lake Norman Luxury Homes Average Days on Market

Lake Norman Luxury Homes Under Contract Down 46%

In December 2014, 7 luxury homes went under contract in the Lake Norman area compared to 13 in December 2013, marking a 46% decrease in year over year numbers.

Lake Norman Luxury Homes Under Contract

Lake Norman Median Luxury Home Price Up 13%

This month, we saw a 13% increase in the median sale price of a luxury home in the Lake Norman area. The median home price in December 2014, when considering homes that sold for $750,000 or more, was $1,097,500 compared to $975,000 in December 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.

Lake Norman Luxury Homes Sales Price

20% More Luxury Homes on the Market in the Lake Norman Area

In December 2014, there were 308 luxury homes for sale in the Lake Norman area compared to 256 in December 2013, marking a 20% increase in year over year numbers.

Lake Norman Luxury Homes For Sale

Luxury Supply is Up 20% and Luxury Demand is Down 9%

This month we saw a 20% increase in luxury housing supply (number of properties for sale) and a 9% decrease in luxury demand (number of sold properties).

Lake Norman Luxury Real Estate Supply and Demand

Median For Sale Price Down 5% vs Median Sold Price Up 13%

In the Lake Norman area, we saw a 5% decrease in the median for sale price of a luxury home and a 13% increase in the median sold price of a luxury home in year over year numbers.

Lake Norman Luxury Real Estate For Sale Vs Sold

Map of Lake Norman Luxury Homes Sold in December 2014

Screen Shot 2015-01-27 at 6.15.08 PMMore Data on Lake Norman Luxury Home Sales December 2014

  • The most expensive luxury home sold in the Lake Norman area in December 2014 sold for $2,285,000
  • 11 homes sold for $1 million or more
  • None of the homes sold were Foreclosures or Short Sales
  • 11 of the homes sold were Waterfront
  • 1 of the homes sold was in NorthView Harbour
  • 5 of the homes sold were in The Peninsula
  • 2 of the homes sold were in The Point
  • 1 of the homes sold was in River Run
  • Lake Norman luxury homes sold in December 2014 ranged in size from 2,800 sq. ft. to 7,975 sq. ft. with an average size of 5,218 sq. ft.
  • The average price per square foot for a luxury home that sold in the Lake Norman area in December 2014 was $229.13/sq. ft.
  • Sellers received on average 95.22% of their list price

*Data based on information from the Carolina MLS and Clarus MarketMetrics. 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, Lake Norman Real Estate, 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 Luxury Real Estate – November 2014 Market Report

December 19, 2014 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.

29% Decrease in the Number of Luxury Home Sales in Lake Norman in November

In November 2014, 12 luxury homes sold compared to 17 luxury homes sold in November 2013, a 29% decrease in year over year numbers.

Lake Norman Luxury Sold Homes in November

 

Number of Luxury Homes Listed for Sale in Lake Norman Down 40%

In November 2014, there were 21 luxury homes introduced to the market compared to 35 in November 2013, marking a 40% decrease in year over year numbers.

LKN Luxury Real Estate New Properties

 

Lake Norman Luxury Housing Inventory Down 16%

In November 2014, there was 14.5 months of inventory in the Lake Norman luxury real estate market compared to 17.3 months in November 2013.

LKN Luxury Real Estate Supply of Inventory

 

Average Time to Sell Luxury Home in the Lake Norman Area is 165 Days

In November 2014, it took 165 days, on average, to sell a luxury home in the Lake Norman area compared to 169 days in November 2013.

LKN Luxury Real Estate DOM

 

Lake Norman Luxury Homes Under Contract Up 43%

In November 2014, 20 luxury homes went under contract in the Lake Norman area compared to 14 in November 2013, marking a 43% increase in year over year numbers.

LKN Luxury Real Estate Under Contract

 

Lake Norman Median Luxury Home Price Up 14%

This month, we saw a 14% increase in the median sale price of a luxury home in the Lake Norman area. The median home price in November 2014, when considering homes that sold for $750,000 or more, was $1,038,750 compared to $910,000 in November 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.

LKN Luxury Real Estate Sold Price

 

11% More Luxury Homes on the Market in the Lake Norman Area

In November 2014, there were 342 luxury homes for sale in the Lake Norman area compared to 309 in November 2013, marking an 11% increase in year over year numbers.

Lake Norman Luxury Real Estate for Sale

 

Luxury Supply is Up 11% and Luxury Demand is Down 29%

This month we saw an 11% increase in luxury housing supply (number of properties for sale) and a 29% decrease in luxury demand (number of sold properties).

LKN Luxury Real Estate Supply and Demand

 

Median For Sale Price Down 7% vs Median Sold Price Up 14%

In the Lake Norman area, we saw a 7% decrease in the median for sale price of a luxury home and a 14% increase in the median sold price of a luxury home in year over year numbers.

Lake Norman Luxury Real Estate For Sale vs Sold

 

Map of Lake Norman Luxury Homes Sold in November 2014

Lake Norman Luxury Real Estate

 

More Data on Lake Norman Luxury Home Sales November 2014

  • The most expensive luxury home sold in the Lake Norman area in November 2014 sold for $3,600,000
  • 7 homes sold for $1 million or more
  • None of the homes sold were Foreclosures or Short Sales
  • 9 of the homes sold were Waterfront
  • 2 of the homes sold were in the West Bay subdivision in Denver
  • 1 of the homes sold was in The Peninsula
  • 3 of the homes sold were in Cornelius
  • 3 of the homes sold were in Mooresville
  • Lake Norman luxury homes sold in November 2014 ranged in size from 2,055 sq. ft. to 7,304 sq. ft. with an average size of 5,042 sq. ft.
  • The average price per square foot for a luxury home that sold in the Lake Norman area in November 2014 was $265.49/sq. ft.
  • Sellers received on average 94.86% of their list price

*Data based on information from the Carolina MLS and Clarus MarketMetrics. 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, Lake Norman Real Estate, 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 Luxury Real Estate September 2014 Market Report

October 20, 2014 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.

91% Increase in the Number of Luxury Home Sales in Lake Norman

In September 2014, 21 luxury homes sold compared to 11 luxury homes sold in September 2013, a 91% increase in year over year numbers.

Number of Luxury Homes Listed for Sale in Lake Norman Up 13%

In September 2014, there were 51 luxury homes introduced to the market compared to 45 in September 2013, marking a 13% increase in year over year numbers.

 Lake Norman Luxury Housing Inventory Up 6%

In September 2014, there was 19.5 months of inventory in the Lake Norman luxury real estate market compared to 18.5 months in September 2013.

Average Time to Sell Luxury Home in the Lake Norman Area is 155 Days

In September 2014, it took 155 days, on average, to sell a luxury home in the Lake Norman area compared to 146 days in September 2013.

Lake Norman Luxury Homes Under Contract Up 6%

In September 2014, 17 luxury homes went under contract in the Lake Norman area compared to 16 in September 2013, marking a 6% increase in year over year numbers.

Lake Norman Median Luxury Home Price Down 14%

This month, we saw a 14% decrease in the median sale price of a luxury home in the Lake Norman area. The median home price in September, when considering homes that sold for $750,000 or more, was $965,000 compared to $1,125,000 in September 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.

15% More Luxury Homes on the Market in the Lake Norman Area

In September 2014, there were 388 luxury homes for sale in the Lake Norman area compared to 338 in September 2013, marking a 15% increase in year over year numbers.

Luxury Supply is Up 15% and Luxury Demand is Up 91%

This month we saw a 15% increase in luxury housing supply (number of properties for sale) and a 91% increase in luxury demand (number of sold properties).

Median Sold Price Down 14%

In the Lake Norman area, we saw no change in the median for sale price of a luxury home and a 14% decrease in the median sold price of a luxury home in year over year numbers.

Map of Lake Norman Luxury Homes Sold in September 2014

More Data on Lake Norman Luxury Home Sales September 2014

  • The most expensive luxury home sold in the Lake Norman area in September 2014 sold for $3,750,000
  • 10 homes sold for $1 million or more
  • 2 of the homes that sold were Foreclosures
  • 17 of the homes sold were Waterfront
  • 1 of the homes sold was in Pebble Bay
  • 2 of the homes sold were in The Point
  • 5 of the homes sold were in The Peninsula
  • Lake Norman luxury homes sold in September 2014 ranged in size from 3,728 sq. ft. to 9,116 sq. ft. with an average size of 5,643 sq. ft.
  • The average price per square foot for a luxury home that sold in the Lake Norman area in September 2014 was $224.96/sq. ft.
  • Sellers received on average 94.66% of their list price

*Data based on information from the Carolina MLS and Clarus MarketMetrics. 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 Real Estate, Lake Norman Luxury Realtor, Lake Norman Real Estate, 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 Luxury Real Estate August 2014 Market Report

September 19, 2014 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.

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.

Lake Norman Luxury Real Estate August 2014 SOLD

 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 Real Estate August 2014 New Properties

 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.

Lake Norman Luxury Real Estate Aug Inventory

 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 Real Estate Aug DOM

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 Luxury Real Estate Aug Under Contract

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.

Lake Norman Luxury Real Estate Aug Med Sold Price

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.

Lake Norman Luxury Real Estate Aug For Sale

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).

Lake Norman Luxury Real Estate Aug Supply and Demand

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.

Lake Norman Luxury Real Estate Aug Med Sale vs Sold and

Map of Lake Norman Luxury Homes Sold in August 2014

Lake Norman Luxury Real Estate Homes Sold August 2014 Map

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.

Filed Under: Charlotte Luxury Real Estate, 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 Realtor, Luxury Homes in Cornelius NC, Luxury Homes in Mooresville NC

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eXp Realty, LLC
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