I just got some data from the National Association of Realtors showing how home prices have performed in 2009, versus 2008 and 2007. Needless to say, in most cases they are down. There are some metropolitan areas that posted an actual increase versus 2008, indicating a turnaround in those markets. But looking at 2007, we [...]
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I thought it was time we looked again at the current sales statistics for the Lake Norman real estate market. Here’s a look at October numbers in two price ranges; $100,000 to $250,000 and $250,000 to $500,000. While our market is not performng quite to the level of 2007, it is certainly showing improvement versus [...] I was reviewing the statistics for the Lake Norman real estate market, and thought I would share with you what I’m seeing in regards to inventory all around the greater North Mecklenburg and Lake Norman region. The chart below shows where inventories in the $100,000 to $250,000 price range have trended since the third quarter of [...] One of the first things you are taught in real estate licensing school is that all real estate is local. That means that whatever is happening globally may not be a factor in a local market. So on a national level you can have low interest rates, first-time buyer tax credits, and great bargains in [...] Here are some recent stats for the Lake Norman real estate market. Some good news in all price ranges. The two charts below reflect a year over year trend in inventory around Lake Norman. The first chart focuses on homes between $100,000 and $250,000. As you can see, February of 2009 started a decline in inventory [...] Lake Norman Homes in the $250,000 to $500,000 price range are having their challenges when trying to find a buyer. Here’s some market statistics that demonstrate some of those issues: In the chart below MSI represents inventory in the target price range expressed in terms of how many months will it take to clear. The MSI is based [...] How’s the Lake Norman real estate market? A lot of folks want to know. Here’s some interesting stats for homes in the Mooresville area priced between $100k and $250k: The columns labeled MSI are months of supply in this price range at the end of the month noted. The columns labeled NAR MSI are national [...] A recent article in today’s Charlotte Observer stated that pending home sales in the South were up 13% in December of last year, outperforming the West and the Northeast markets. Pending sales are properties under contract, which generally will close in about 30-45 days. At the same time, prices continue to fall in every market. It [...] Curtis Pond is a large neighborhood in East Mooresville, developed most recently by Scenic Homes. Although Scenic is no longer building in this community, there is still inventory for sale. Most of it is resale homes, but there are a few new construction homes still there. Frankly, you have a better chance of getting a [...] This news comes from a Charlotte Observer article dated December 30 by Stella Hopkins: According to the most recent S&P Case-Schiller Price Index, homes in the Charlotte area, including the Lake Norman region, fell 4.4% in October versus 2007. While this represents the biggest drop in pricing so far, it is nowhere near the 18% [...] |
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